Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 154

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 154
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    Accumulated Amortization  
    Total 

    Strategic pipeline contract 
    $46,885  
    $29,694  
    $17,191 
  
    Assembled workforce 
     500  
     317  
     183 
  
    Patents 
     266  
     20  
     246 
  
    Total 
    $47,651  
    $30,031  
    $17,620 

Amortization
expense for  each of the three and nine months ended September 30, 2025 and 2024 was approximately $2.4 million and $7.1 million,
respectively.

The
strategic pipeline contract relates to supply of a critical input to our digital mining and hosting business. The Company has analyzed
this strategic pipeline contract similar to a permit for future benefit. The strategic pipeline contract relates to potential renewable
energy datacenters that fit in the alignment of the Company structure to expand operations of the Company’s new focus in their
business.

The
Company expects to record amortization expense of intangible assets over the next five years and thereafter as follows:

Schedule
of Amortization of Intangiable Assets 

    (Dollars in thousands) 

    Year 
    2025 
  
    2025 (remainder of the year) 
    $2,375 
  
    2026 
     7,914 
  
    2027 
     17 
  
    2028 
     17 
  
    2029 
     17 
  
    Thereafter 
     253 
  
    Total 
    $10,593 

6.
Accrued Liabilities

Accrued
liabilities consist of the following at:

Schedule
of Accrued Liabilities 

    (Dollars in thousands) 
    September
    30, 2025  
    December
    31, 2024 

    Salaries, wages, and related expenses 
    $1,657  
    $552 
  
    Liability to shareholders for previous acquisition 
     363  
     363 
  
    Legal, audit, tax, and professional fees 
     1,796  
     537 
  
    Sales tax accrual 
     -  
     575 
  
    Real estate taxes accrual 
     537  
     182