Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1701

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 6
Chunk 1701
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12,646)

    Adjustments: Non-cash items 

    Stock-based compensation costs 
     5,311  
     4,312 
  
    Loss on sale of fixed assets 
     31  
     398 
  
    Loss on debt extinguishment and revaluation, net 
     7,349  
     3,904 
  
    Placement agent release expense 
     1,000  
     - 
  
    Loss on contract 
     28,593  
     - 
  
    Provision for credit losses 
     760  
     - 
  
    Convertible note inducement expense 
     388  
     - 
  
    Impairment on fixed assets 
     130  
     575 
  
    Adjusted EBITDA 
    $942 
    $(3,457)

The
following table represents the EBITDA and Adjusted EBITDA activity between each three-month period from January 1, 2024 through December
31, 2024.

    (Dollars in thousands) 
    Three months ended March 31, 2024  
    Three months ended June 30, 2024  
    Three months ended September 30, 2024  
    Three months ended December 31, 2024  
    Year ended December 31, 2024 

    Net loss from continuing operations 
    $(2,544) 
    $(9,145) 
    $(8,093) 
    $(38,518) 
    $(58,300)
  
    Interest expense, net 
     424  
     449  
     821  
     833  
     2,527 
  
    Income tax (benefit) expense from continuing operations 
     (548) 
     (649) 
     (547) 
     (743) 
     (2,487)
  
    Depreciation and amortization 
     3,926  
     3,909  
     3,916  
     3,889  
     15,640 
  
    EBITDA 
     1,258  
     (5,436) 
     (3,903) 
     (34,539) 
     (42,620)

    Adjustments: Non-cash items 

    Stock-based