Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 3622

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 14
Chunk 3622
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 to the value calculated by the Company.

/s/
UHY LLP

We
have served as the Company’s auditor since 2021.

Albany,
New York

March
31, 2025

 F-2 

Soluna
Holdings, Inc. and Subsidiaries

Consolidated
Balance Sheets

As
of December 31, 2024 and December 31, 2023 

    (Dollars in thousands, except per share) 
    December 31, 2024  
    December 31, 2023 
  
    Assets 

    Current Assets: 

    Cash 
    $7,843  
    $6,368 
  
    Restricted cash 
     1,150  
     2,999 
  
    Accounts receivable, net (allowance for expected credit losses $244 and $0 as of December 31, 2024 and December 31, 2023) 
     2,693  
     2,948 
  
    Notes receivable 
     13  
     446 
  
    Prepaid expenses and other current assets 
     1,768  
     1,416 
  
    Equipment held for sale 
     28  
     107 
  
    Total Current Assets 
     13,495  
     14,284 
  
    Restricted cash, noncurrent 
     1,460  
     1,000 
  
    Other assets 
     2,724  
     2,954 
  
    Deposits and credits on equipment 
     5,145  
     1,028 
  
    Property, plant and equipment, net 
     47,283  
     44,572 
  
    Intangible assets, net 
     17,620  
     27,007 
  
    Operating lease right-of-use assets 
     313  
     431 
  
    Total Assets 
    $88,040  
    $91,276 

    Liabilities and Stockholders’ Equity 

    Current Liabilities: 

    Accounts payable 
    $2,840  
    $2,099 
  
    Accrued liabilities 
     29,075  
     4,906 
  
    Convertible notes payable 
     -  
     8,474 
  
    Current portion of debt