Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 214

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 214
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 related party 
     1,900 
  
    Operating lease right-of-use assets 
     3,408 
  
    Property, plant and equipment, net 
     6,847 
  
    Deposits on equipment 
     581 
  
    Total assets 
    $19,971 

    Current liabilities: 

    Accounts payable, trade 
    $2,449 
  
    Accounts payable, related party 
     1,716 
  
    Accrued liabilities 
     2,741 
  
    Operating lease liability 
     33 
  
    Total current liabilities 
     6,939 

    Other liabilities- related party 
     1,373 
  
    Operating lease liability 
     3,379 
  
    Total liabilities 
    $11,691 

15.
Segment Information

The
Company applies ASC 280, Segment Reporting, in determining its reportable segments. The Company has adopted ASU) 2023-07, Segment
Reporting (Topic 280): Improvement to Reportable Segment Disclosures (ASU 2023-07), which requires disclosure of incremental segment
information on an annual and interim basis, primarily through enhanced disclosures of significant segment expenses. Operating segments
are aggregated into a reportable segment if the operating segments have similar quantitative economic characteristics and if the operating
segments are similar in the following qualitative characteristics: (i) nature of products and services; (ii) nature of production processes;
(iii) type or class of customer for their products and services; (iv) methods used to distribute the products or provide services; and
(v) if applicable, the nature of the regulatory environment. The Company’s reportable segments are identified based on the types
of service performed. The Company has three reportable segments: Cryptocurrency Mining, Data Center Hosting, and High-Performance Computing.
In the third quarter of 2024, the Company initiated Soluna Cloud Services, a new business line to provide high performance computing
services to support generative AI workstreams but decided to exit active provision of these services during the first quarter of 2025
and will focus in the future on provision of colocation services at our datacenters to host customers in the AI generative space.

The
guidance requires that segment disclosures present the measure(s) used by the Chief Operating Decision Maker (“CODM”) to
decide how to allocate resources and for purposes of assessing such segments’ performance. The Company’s CODM is composed
of