Company: SLNH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010886
Chunk: 145

Company: Soluna Holdings, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 145
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number of common shares outstanding during the reporting period. Dilutive common share equivalents include the dilutive effect of in-the-money
stock options, which are calculated based on the average share price for each period using the treasury stock method. Under the treasury
stock method, the exercise price of a stock option and the amount of compensation cost, if any, for future service that the Company has
not yet recognized are assumed to be used to repurchase shares in the current period.

The following table sets forth the reconciliation
of the numerators and denominators of the basic and diluted per share computations for operations for the three months ended March 31:

 Schedule of Basic and Diluted Per Share Computations for Continuing Operations

    (Dollars in thousands, except shares) 
    2025  
    2024 

    Numerator: 

    Net loss from continuing operations 
    $(7,354) 
    $(2,544)
  
    (Less) Net income attributable to non-controlling interest 
     (202) 
     (2,710)

    Net loss attributable to Soluna Holdings, Inc. 
    $(7,556) 
    $(5,254)
  
    Less: Preferred dividends or deemed dividends 
     -  
     (386)
  
    Less: Cumulative Preferred Dividends in arrears 
     (2,952) 
     (1,722)
  
    Balance 
    $(10,508) 
    $(7,362)
  
    Denominator: 

    Basic and Diluted EPS: 

    Common shares outstanding, beginning of period, including penny warrants 
     11,327,446  
     2,592,454 
  
    Weighted average common shares issued during the period including penny warrants issued and outstanding as of quarter-end 
     612,536  
     215,101 
  
    Denominator for basic earnings per common shares — 
     -  
     - 
  
    Weighted average common shares 
     11,939,983  
     2,807,555 

    23

The Company notes as continuing operations was in
a Net loss for the three months ended March 31, 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