Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 57

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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 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.

Project
Dorothy 2 and Project Kati Commitments:

As
of September 30, 2025, the Company was contractually committed for approximately $11.9 million of capital expenditures, primarily related
to infrastructure builds, equipment procurement, and labor associated with the Company’s Project Dorothy 2 and Project Kati datacenters.
These capital expenditures are expected to occur over the current year.

Contingencies:

Spring
Lane Capital Contingency

The
Company has a potential contingency associated with an agreement with SLC of up to $250 thousand which would be reduced by a
proportion of funding received from SLC up to the $45.0 million aggregate contribution cap. The Company considers the probability
of a payment for the contingency to be remote.

Legal

We
are subject to legal proceedings, claims and liabilities which arise in the ordinary course of business. When applicable, we accrue for
losses associated with legal claims when such losses are probable and can be reasonably estimated. These accruals are adjusted as additional
information becomes available or circumstances change. Legal fees are charged to expense as they are incurred.

On
December 29, 2022, NYDIG filed a complaint against the Soluna Parties in the Court regarding the NYDIG Loans made by NYDIG to
Borrower pursuant to a Master Equipment Finance Agreement, dated December 30, 2021, that were secured by certain assets of Borrower
and guaranteed by Guarantor pursuant to a written guaranty agreement. The