Company: SLNH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024045
Chunk: 38

Company: Soluna Holdings, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 38
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    Six
                                            Months Ended June
                                            30, 2025  
    Six
                                            Months Ended  June
                                            30, 2024 

    Supplemental
    Cash Flows Information: 

    Cash
    paid for amounts included in the measurement of lease liabilities: 

    Operating
    cash flows from operating leases 
    $41  
    $123 

    Non-Cash
    Activity Right-of-use assets obtained in exchange for lease obligations: 

    Operating
    leases 
    $-  
    $- 

Maturities
of noncancellable operating lease liabilities are as follows for the quarter ending June 30:

 Schedule of Maturity of Operating
Lease Liabilities 

    (Dollars
    in thousands) 

    2025 
  
    2025
    (remainder of year) 
    $41 
  
    2026 
     82 
  
    2027 
     82 
  
    2028 
     29 
  
    2029 
     29 
  
    Thereafter 
     88 
  
    Total
    lease payments 
     351 
  
    Less:
    imputed interest 
     (68)
  
    Total
    lease obligations 
     283 
  
    Less:
    current obligations 
     63 
  
    Long-term
    lease obligations 
    $220 

As
of June 30, 2025, there were no additional operating lease commitments that had not yet commenced.

Project
Dorothy 2 and Project Kati Commitments:

As
of June 30, 2025, the Company was contractually committed for approximately $10.1 million of capital expenditures, primarily related
to infrastructure builds, equipment procurement, and labor associated with the Company’s Project Dorothy 2 and Project Kati datacenters.
These capital expenditures are expected to occur over the current year.

    26

Contingencies:

Spring
Lane Capital Contingency

The
Company has a potential contingency associated with an agreement with Spring Lane of up to $250 thousand which would be reduced by a
proportion of funding received from Spring Lane up to the $45.0 million aggregate contribution cap. The Company considers the probability
of a payment for the contingency to be remote.

Bonus
Contingency

During
the year ended December 31, 2024, the Company’s Board of