Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 190

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 190
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 the
lease within six months of April 3, 2025. Through July 2025, there was uncertainty over project funding and whether the Company would
extend the lease agreement. As such, the Company recorded the lease agreement as short-term. In August 2025, Soluna KK Energy extended
the lease agreement for the additional term of twenty-two years. Accordingly,  the Company recorded a right-of-use asset and lease liability.

Other
information related to leases was as follows:

Schedule
of Other Information Related to Leases

    Nine
                                            Months Ended September
                                            30, 2025 

    Weighted Average Remaining Lease Term (in years): 

    Operating leases 
     20.39 

    Weighted Average Discount Rate: 

    Operating leases 
     6.34%

    (Dollars in thousands) 
    Nine
                                            Months Ended September
                                            30, 2025  
    Nine
                                            Months Ended September
                                            30, 2024 

    Supplemental Cash Flows Information: 

    Cash paid for amounts included in the measurement
    of lease liabilities: 

    Operating cash
    flows from operating leases 
    $109  
    $141 

    Non-Cash Activity Right-of-use assets obtained
    in exchange for lease obligations: 

    Operating leases 
    $3,441  
    $- 

Maturities
of noncancellable operating lease liabilities are as follows for the quarter ending September 30:

Schedule of Maturity of Operating
Lease Liabilities

    (Dollars
    in thousands)

    2025

    2025
    (remainder of year)
     
    $
    91

    2026

    314

    2027

    320

    2028

    272

    2029

    279

    Thereafter

    5,643

    Total
    lease payments

    6,919

    Less:
    imputed interest

    (3,240
    )
  
    Total
    lease obligations

    3,679

    Less:
    current obligations

    (96
    )
  
    Long-term
    lease obligations
     
    $
    3,583

    29

As
of September 30, 2025, there were no additional operating lease commitments that had not yet commenced