Company: SLNH
Filing Date: 2025-03-31
Form Type: 10-K
Source: 0001641172-25-001756
Chunk: 3010

Company: Soluna Holdings, Inc
Filing Date: 2025-03-31
Form: 10-K
Item: Item 9C
Chunk 3010
---
  
     - 
  
    Balance, December 31, 2023 
     1,148,269  
    $24.21 

As
of December 31, 2023, the outstanding warrants have a weighted average remaining term of 3.88 years.

13. Commitments and Contingencies

Commitments:

Leases

The
Company determines whether an arrangement is a lease at inception. The Company has operating leases for certain manufacturing, laboratory,
office facilities and certain equipment. The leases have remaining lease terms of less than one year to less than ten years. Our lease
agreements do not contain any material residual value guarantees or material restrictive covenants. As of December 31, 2024 and December
31, 2023, the Company has no assets recorded under finance leases.

Lease
expense for these leases is recognized on a straight-line basis over the lease term. For the twelve months ended December 31, total lease
costs are comprised of the following:

Summary of Lease Expense Recognized
on Straight-line Basis Over Lease Term 

    (Dollars in thousands) 

    2024  
    2023 
  
    Operating lease cost 
    $157  
    $238 
  
    Short-term lease cost 
     —  
     — 
  
    Total net lease cost 
    $157  
    $238 

Short-term
leases are leases having a term of twelve months or less. The Company recognizes short-term leases on a straight-line basis and does
not record a related lease asset or liability for such leases.

     F-36 

Supplemental
cash flows information related to leases for the twelve months ended December 31 was as follows:

Summary of Cash Flow Information Related to Leases 

    (Dollars in thousands) 

    2024  
    2023 
  
    Cash paid for amounts included in the measurement of lease liabilities: 

    Operating cash flows from operating leases 
    $159  
    $234 

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

    Operating leases 
    $146  
    $403 

Supplemental
balance sheet information for the twelve months ended December 31 was as follows:

Summary of Balance Sheets Information 

    (Dollars in thousands, except lease term and discount rate) 

    2024