Company: SLNH
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010886
Chunk: 169

Company: Soluna Holdings, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 169
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     3,370 
  
    Total current assets 
     6,661  
     6,681 

    Other assets- long term, related party 
     17,070  
     13,223 
  
    Operating lease right-of-use assets 
     80  
     82 
  
    Deposits on equipment 
     716  
     716 
  
    Total assets 
    $24,527  
    $20,702 

    Current liabilities: 

    Accounts payable, trade 
    $21  
    $- 
  
    Accounts payable, related party 
     3,463  
     3,598 
  
    Accrued expense 
     3  
     - 
  
    Due to intercompany 
     9  
     9 
  
    Operating lease liability 
     7  
     7 
  
    Total current liabilities 
     3,503  
     3,614 

    Operating lease liability 
     72  
     74 
  
    Total liabilities 
    $3,575  
    $3,668 

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