Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1702

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 1702
---
 compensation costs 
     661  
     1,368  
     1,257  
     2,025  
     5,311 
  
    Loss on sale of fixed assets 
     1  
     21  
     -  
     9  
     31 
  
    Provision for credit losses 
     -  
     244  
     367  
     149  
     760 
  
    Convertible note inducement expense 
     -  
     -  
     -  
     388  
     388 
  
    Placement agent release expense 
     -  
     -  
     -  
     1,000  
     1,000 
  
    Loss on contract 
     -  
     -  
     -  
     28,593  
     28,593 

    Impairment on fixed assets 
     130  
     -  
     -  
     -  
     130 
  
    Loss on debt extinguishment and revaluation, net 
     3,097  
     5,600  
     (1,203) 
     (145) 
     7,349 
  
    Adjusted EBITDA 
    $5,147  
    $1,797  
    $(3,482) 
    $(2,520) 
    $942

53

The
following table represents the EBITDA and Adjusted EBITDA activity between each three-month period from January 1, 2023 through December
31, 2023.

    (Dollars in thousands) 
    Three months ended March 31, 2023  
    Three months ended June 30, 2023  
    Three months ended September 30, 2023  
    Three months ended December 31, 2023  
    Year ended December 31, 2023 

    Net loss from continuing operations 
    $(7,432) 
    $(9,257) 
    $(6,016) 
    $(4,998) 
    $(27,703)
  
    Interest expense, net 
     1,374  
     486  
     495  
     393  
     2,748