Company: SLNH
Filing Date: 2025-01-15
Form Type: S-1/A
Source: 0001493152-25-002391
Chunk: 209

Company: Soluna Holdings, Inc
Filing Date: 2025-01-15
Form: S-1/A
Chunk 209
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/or its subsidiaries’ ability to utilize their net operating loss carryforwards may be significantly limited by Section 382 of the IRC of 1986, as amended, if the Company or any of its subsidiaries undergoes an “ownership change” as a result of changes in the ownership of the Company’s or its subsidiaries’ outstanding stock pursuant to the exercise of the warrants or otherwise.

Unrecognized tax benefits:

The Company has unrecognized tax benefits of $ 0and $ 0thousand as of December 31, 2023 and 2022.

Additionally, the Company does not have uncertain tax positions that it expects will increase or decrease within twelve months of this reporting date. The Company recognizes interest and penalties related to uncertain tax positions as a component of tax expense. The Company did not recognize any interest or penalties in 2023 and 2022.

The Company files income tax returns, including returns for its subsidiaries, with federal and state jurisdictions. The Company is no longer subject to IRS or state examinations for any periods prior to 2019, although carryforward attributes that were generated prior to 2021 may still be adjusted upon examination by the IRS if they either have been or will be used in a future period.

8. Accrued Liabilities

Accrued liabilities consist of the following at:

Schedule of Accrued Liabilities

|                                                    | (Dollars in thousands) |   | December 31, 
         2023 |     |   | December 31, 
         2022 |
|:---------------------------------------------------|:-----------------------|:--|-------------:|:----|:--|-------------:|
| Salaries, wages and related expenses               |                        | $ |          423 |     | $ |          178 |
| Liability to shareholders for previous acquisition |                        |   |          363 |     |   |          363 |
| Legal, audit, tax and professional fees            |                        |   |          448 |     |   |          214 |
| Sales tax accrual                                  |                        |   |          575 |     |   |            - |
| Real estate taxes accrual                          |                        |   |        1,166 |     |   |            - |
| Hosting and utility fees                           |                        |   |          383 |     |   |          626 |
| Interest payable                                   |                        |   |          936 |     |   |          477 |
| Dividend payable                                   |                        |   |