Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 3819

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 15
Chunk 3819
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 depreciation 
    $48  
    $300 
  
    Cost of data hosting revenue, exclusive of depreciation 
     112  
     24 
  
    General and administrative expenses, exclusive of depreciation and amortization 
     5,151  
     3,988 
  
    Share-based compensation expense 
    $5,311  
    $4,312 

     F-34 

Total
unrecognized compensation costs related to non-vested stock options as of December 31, 2024 and December 31, 2023 is approximately $54
thousand and $266 thousand, respectively, and is expected to be recognized over a weighted-average remaining vesting period of approximately
1.42 years and 0.37 years, respectively.

Presented
below is a summary of the Company’s stock option activity for the Plans for the years ended December 31:

Summary of Stock Option Activity 

    2024  
    2023 
  
    Shares under option, beginning 
     52,393  
     52,393 
  
    Granted 
     -  
     - 
  
    Exercised 
     -  
     - 
  
    Forfeited 
     -  
     - 
  
    Expired/canceled 
     (49,148) 
     - 
  
    Shares under option, ending 
     3,245  
     52,393 
  
    Options exercisable 
     3,245  
     45,276 

The
weighted average exercise price for the Company’s stock option activity for the Plans is as follows for each of the years ended
December 31:

    2024  
    2023 
  
    Shares under option, beginning 
    $102.86  
    $102.86 
  
    Granted 
    $-  
    $- 
  
    Exercised 
    $-  
    $- 
  
    Forfeited 
    $-  
    $- 
  
    Expired/canceled 
    $108.13  
    $- 
  
    Shares under option, ending 
    $23.04  
    $102.86 
  
    Options exercisable, ending 
    $23.04  
    $92.53 

The
following table summarizes information for options outstanding and exercisable for the Plans as of