Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 19

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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    For
                                            the six months ended  June
                                            30, 2025 

    As
    Reported  
    As
    Revised  
    Change  
    As
    Reported  
    As
    Revised  
    Change 
  
    Basic and Diluted net loss per
    share 
    $(0.69) 
    $(0.93) 
    $(0.24) 
    $(1.55) 
    $(2.10) 
    $(0.55)

    Weighted average shares outstanding (Basic and Diluted) 
     14,991,125  
     11,146,142  
     (3,844,983) 
     13,473,983  
     9,939,450  
     (3,534,533)

3.
Accounts Receivable, net

Accounts
receivables consist of the following at:

Schedule of Accounts Receivable

    (Dollars in thousands) 
    September
    30, 2025  
    December
    31, 2024 
  
    Data hosting 
    $3,888  
    $1,385 
  
    Demand response service receivable 
     516  
     1,159 
  
    Proprietary mining Coinbase receivable 
     -  
     37 
  
    Other 
     248  
     356 
  
    Accounts receivables, gross 
     4,652  
     2,937 
  
    Less: Allowance for expected
    credit losses 
     (244) 
     (244)
  
    Accounts receivables,
    net 
    $4,408  
    $2,693 

The
Company’s allowance for expected credit loss was $244 thousand at September 30, 2025 and December 31, 2024, respectively. For the
year ended December 31, 2024, one of the Company’s borrowers for a note receivable was having financial difficulty securing additional
financing to pay the note. As such, the Company fully reserved the note balance and incurred a provision on credit loss of approximately
$244 thousand. In addition, the Company had a credit provision for approximately $516 thousand due to a pricing dispute with a Bitcoin
hosting customer, in which the agreement with the customer was terminated in December 2024. As