Company: SLNH
Filing Date: 2025-02-05
Form Type: 424B3
Source: 0001493152-25-005030
Chunk: 202

Company: Soluna Holdings, Inc
Filing Date: 2025-02-05
Form: 424B3
Chunk 202
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 expense for the year ended December 31, 2023 and 2022 was approximately $ 9.5million and $ 9.5million.

The strategic pipeline contract relates to supply of a critical input to our digital mining 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 Expense of Intangible Assets

| (Dollars in thousands) 
 Year ending December   
 31,                    
 2024                   |     |   |  9,485 |
|:-----------------------|:----|:--|-------:|
| 2025                   |     |   |  9,485 |
| 2026                   |     |   |  7,905 |
| 2027                   |     |   |      8 |
| 2028                   |     |   |      8 |
| Thereafter             |     |   |    116 |
| Total                  |     | $ | 27,007 |

7. Income Taxes

Income tax expense (benefit) for each of the years ended December 31 consists of the following:

Schedule of Income Tax Expense

|          | (Dollars in thousands) |   |   2023 |   |     |   |   2022 |   |
|:---------|:-----------------------|:--|-------:|:--|:----|:--|-------:|:--|
| Federal  |                        | $ |      — |   |     | $ |      — |   |
| State    |                        |   |     40 |   |     |   |     42 |   |
| Deferred |                        |   | (1,107 | ) |     |   | (1,388 | ) |
| Total    |                        | $ | (1,067 | ) |     | $ | (1,346 | ) |

| F-24 |

The significant components of deferred income tax expense (benefit) from operations for each of the years ended December 31 consists of the following:

Schedule of Deferred Income Tax Expense

|                                  | (Dollars in thousands) |   |   2023 |   |