Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 17

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 17
---
 “Considering
the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements;” the Company evaluated
the errors and has determined that the related impacts were not material to any prior annual or quarterly report, but that correcting the
cumulative impact of such errors would be significant to our EPS for the year ended December 31, 2025. Accordingly, the Company has corrected
such immaterial errors by adjusting its December 31, 2024 consolidated statement of operations related to the calculation of earnings
per share. The Company also corrected previously reported interim financial information for such immaterial errors in future filings,
as applicable. The following summarizes the effect of the revision on each financial statement line item.

The
following analysis provides a comparison amongst the basic and diluted EPS as reported on the Form 10-Q for the quarter ended June 30,
2024, and the final revised basic and diluted EPS calculation to correct all identified errors:

 Schedule
of Error Corrections for Basic And Diluted EPS

    For
                                            the three months ended  June
                                            30, 2024  
    For
                                            the six months ended  June
                                            30, 2024 

    As
    Reported  
    As
    Revised  
    Change  
    As
    Reported  
    As
    Revised  
    Change 
  
    Basic and Diluted net loss per
    share 
    $(2.97) 
    $(3.62) 
    $(0.65) 
    $(5.68) 
    $(6.38) 
    $(0.70)

    Weighted average shares outstanding (Basic and Diluted) 
     4,553,696  
     3,747,160  
     (806,536) 
     3,683,558  
     3,275,290  
     (408,268)

The
following analysis provides a comparison amongst the basic and diluted EPS as reported on the Form 10-Q for the quarter ended September
30, 2024, and the final revised basic and diluted EPS calculation to correct all identified errors:

    For
                                            the three months ended  September
                                            30, 2024  
    For
                                            the nine months ended  September
                                            30, 2024 

    As
    Reported  
    As
    Revised  
    Change  
    As
    Reported