Company: SLNH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010886
Chunk: 5

Company: Soluna Holdings, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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354) 
    $(2,544)

    Adjustments to reconcile net loss to net cash provided by (used in) by operating activities: 

    Depreciation expense 
     1,506  
     1,554 
  
    Amortization expense 
     2,373  
     2,372 
  
    Stock-based compensation 
     1,847  
     661 
  
    Deferred income taxes 
     (437) 
     (548)
  
    Impairment on fixed assets 
     -  
     130 
  
    Amortization of operating lease asset 
     15  
     61 
  
    (Gain) loss on debt extinguishment and revaluation, net 
     (551) 
     3,097 
  
    Amortization on deferred financing costs and discount on notes 
     153  
     7 
  
    SEPA fair value revaluation 
     118  
     - 
  
    Loss on sale of fixed assets 
     -  
     1 
  
    Changes in operating assets and liabilities: 

    Accounts receivable 
     329  
     (1,480)
  
    Prepaid expenses and other current assets 
     (197) 
     (138)
  
    Other long-term assets 
     1,606  
     1 
  
    Accounts payable 
     481  
     430 
  
    Contract liability 
     (667) 
     - 
  
    Operating lease liabilities 
     (15) 
     (61)
  
    Other liabilities and customer deposits 
     374  
     (192)
  
    Accrued liabilities and interest payable 
     242  
     499 
  
    Net cash (used in) provided by operating activities 
     (177) 
     3,850 
  
    Investing Activities 

    Purchases of property, plant, and equipment 
     (3,808) 
     (524)
  
    Purchases of intangible assets 
     (45) 
     (38)
  
    Proceeds from disposal on property, plant, and equipment 
     -  
     78 
  
    Deposits of equipment, net 
     213  
     (343)
  
    Net cash used in investing activities 
     (3,640)