Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 6

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 4,866  
     4,634 
  
    Amortization expense 
     7,119  
     7,116 
  
    Stock-based compensation 
     5,671  
     3,286 
  
    Deferred income taxes 
     (1,716) 
     (1,806)
  
    Impairment on fixed assets 
     12  
     130 
  
    Provision for credit losses 
     -  
     611 
  
    Amortization of operating
    lease asset 
     79  
     139 
  
    (Gain) loss on debt extinguishment
    and revaluation, net 
     (10,658) 
     1,888 
  
    Amortization of deferred
    financing costs and discount on notes 
     561  
     179 
  
    Fair value adjustments,
    including SEPA 
     22,165  
     5,607 
  
    Fair value on placement
    warrant financing cost 
     146  
     - 
  
    Loss on sale of fixed assets
    and credit on equipment deposit 
     802  
     21 
  
    Changes in operating assets
    and liabilities: 

    Accounts receivable 
     (1,715) 
     536 
  
    Prepaid expenses and other
    current assets 
     (1,741) 
     (3,429)
  
    Other long-term assets 
     1,608  
     (5,771)
  
    Accounts payable 
     2,020  
     1,159 
  
    Contract liability 
     (667) 
     - 
  
    Operating lease liabilities 
     (75) 
     (141)
  
    Other liabilities and customer
    deposits 
     2,173  
     (811)
  
    Accrued
    liabilities and interest payable 
     6,792  
     3,022 
  
    Net cash used in operating
    activities 
     (3,479) 
     (3,412)
  
    Investing Activities 

    Purchases of property,
    plant, and equipment 
     (17,008) 
     (3,712)
  
    Purchases of intangible
    assets 
     (92) 
     (95)