Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 190

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 1
Chunk 190
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 effective for fiscal years beginning after December 15, 2024, and interim periods within fiscal years beginning after
December 15, 2025. Early adoption is permitted. The amendments should be applied either retrospectively to all prior periods presented
in the financial statements, or prospectively to profits interests and similar awards granted or modified on or after the adoption date.
The Company is currently assessing the impacts of adopting ASU 2024-01 on the Consolidated Financial Statements and disclosures.

     F-18 

Improvements
to Comprehensive Income- Expense Disaggregation

In
December 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures
(Subtopic 220-40) (“ASU 2024-03”). ASU 2024-03 requires, in the notes to the financial statements, disclosures of specified
information about certain costs and expenses specified in the updated guidance. ASU 2024-03 is effective for annual reporting periods
beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The
Company is evaluating the impact the updated guidance will have on its disclosures.

Debt
with Conversion and Other Options

In
December 2024, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2024-04, Debt - Debt with Conversion and
Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments. ASU 2024-04 clarifies the requirements for
determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion to improve relevance
and consistency. The new standard is effective for the Company for its annual periods beginning after December 15, 2025 and interim periods
within those annual reporting periods, with early adoption permitted. The Company is currently evaluating the impact of adopting the
standard.

3. Accounts Receivable 

Accounts
receivables consist of the following at:

 Schedule of Accounts Receivable

    (Dollars in thousands) 
    December 31, 2024  
    December 31, 2023 
  
    Data hosting 
    $1,385  
    $2,456 
  
    Related party receivable 
     -  
     8 
  
    Demand response service receivable 
     1,159