Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 1984

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 7
Chunk 1984
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 of the Consolidated Financial Statements, approximately $2.0 million has been drawn on the SEPA.

The
Company, in fiscal year 2025, will continue to look to evaluate different strategies to obtain financing to fund operations. However,
management cannot provide any assurances that the Company will be successful in accomplishing additional financing or any of its other
plans. These financial statements do not include any adjustments related to the recoverability and classification of assets or the amounts
and classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

2.Accounting
                                            Policies

Basis
of Presentation

In
the opinion of management, the Consolidated Financial Statements reflect all adjustments, which are of a normal recurring nature, necessary
for a fair statement of the results for the periods presented in accordance with U.S. GAAP.

Principles
of Consolidation

The
Consolidated Financial Statements include the accounts of the Company and its subsidiaries, including the Company’s variable and
voting interest entities disclosed in Note 15. All intercompany balances and transactions are eliminated in consolidation.

Reclassification

Certain
prior year amounts have been reclassified for consistency with the current year presentation. These reclassifications had no effect on
the reported results of operations or net assets.

Use
of Estimates

The
Consolidated Financial Statements have been prepared in accordance with U.S. GAAP, which require management to make estimates and assumptions
that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the Consolidated
Financial Statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from
those estimates.

Property,
Plant, and Equipment

Property,
plant and equipment are stated at cost and depreciated using the straight-line method over their estimated useful lives as follows:

 Schedule
of Property Plant and Equipment Estimated Useful Lives

    Leasehold
    improvements
     
    Lesser
    of the life of the lease or the useful life of the improvement

    Computers
    and related software
     
    3
    to 5 years

    Cryptocurrency
    miners
     
    3
    years

    Machinery
    and equipment
     
    5
    to 15 years

    Office
    furniture, equipment and fixtures
     
    2
    to 10 years

    Buildings
     
    30-40
    years

    Purchased