Company: SLNH
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001641172-25-024045
Chunk: 36

Company: Soluna Holdings, Inc
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 36
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     1,091,104 
  
    Denominator
    for basic and diluted earnings per common shares — weighted average common shares 
     14,991,125 
     
     4,563,696  
     13,473,983  
     3,683,558 
  
    Basic
    and diluted loss per share 
    $(0.69)
     
    $(2.97) 
    $(1.55) 
    $(5.68)

The
Company notes as continuing operations was in a Net loss for the three and six months ended June 30, 2025 and 2024, as such basic and
diluted EPS is the same balance as continuing operations acts as the control amount in which would cause antidilution. Not included in
the computation of earnings per share, assuming dilution, for the three and six months ended June 30, 2025, were options to purchase
2,645 shares of the Company’s common stock, 209,885 nonvested restricted stock units, and 2,347,135 outstanding warrants not exercised
which excludes penny warrants that can be potentially exercised. These potentially dilutive items were excluded because the calculation
of incremental shares resulted in an anti-dilutive effect.

Not
included in the computation of earnings per share, assuming dilution, for the three and six months ended June 30, 2024, were options
to purchase 3,325 shares of the Company’s common stock, 5,692 nonvested restricted stock units, and 3,820,152 outstanding warrants
not exercised which excludes penny warrants that can be potentially exercised. These potentially dilutive items were excluded because
the calculation of incremental shares resulted in an anti-dilutive effect.

10. Commitments and Contingencies

Commitments:

Leases

The
Company determines whether an arrangement is a lease at inception. The Company and its subsidiaries have operating leases for certain
manufacturing, laboratory, office facilities and certain equipment. The leases have remaining lease terms of approximately 3 years to
less than ten years. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. As
of June 30, 2025 and December 31, 2024, the Company has no assets recorded under finance leases.

Lease
expense for these leases is recognized on a straight-line basis over the lease term. For the three and six months ended June 30