Company: SLNH
Filing Date: 2025-02-03
Form Type: S-1/A
Source: 0001493152-25-004555
Chunk: 204

Company: Soluna Holdings, Inc
Filing Date: 2025-02-03
Form: S-1/A
Chunk 204
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 years and thereafter as follows:

Schedule of Amortization Expense of Intangible Assets

| (Dollars in thousands) 
 Year ending December   
 31,                    
 2024                   |     |   |  9,485 |
|:-----------------------|:----|:--|-------:|
| 2025                   |     |   |  9,485 |
| 2026                   |     |   |  7,905 |
| 2027                   |     |   |      8 |
| 2028                   |     |   |      8 |
| Thereafter             |     |   |    116 |
| Total                  |     | $ | 27,007 |

7. Income Taxes

Income tax expense (benefit) for each of the years ended December 31 consists of the following:

Schedule of Income Tax Expense

|          | (Dollars in thousands) |   |   2023 |   |     |   |   2022 |   |
|:---------|:-----------------------|:--|-------:|:--|:----|:--|-------:|:--|
| Federal  |                        | $ |      — |   |     | $ |      — |   |
| State    |                        |   |     40 |   |     |   |     42 |   |
| Deferred |                        |   | (1,107 | ) |     |   | (1,388 | ) |
| Total    |                        | $ | (1,067 | ) |     | $ | (1,346 | ) |

| F-24 |

The significant components of deferred income tax expense (benefit) from operations for each of the years ended December 31 consists of the following:

Schedule of Deferred Income Tax Expense

|                                  | (Dollars in thousands) |   |   2023 |   |     |   |    2022 |   |
|:---------------------------------|:-----------------------|:--|-------:|:--|:----|:--|--------:|:--|
| Deferred tax expense (benefit)   |                        | $ |  2,566 |   |     | $ | (12,760 | ) |
| Net operating loss carry forward |                        |   | (9,813 | ) |     |   |  (7,359 | ) |
| Valuation allowance              |                        |   |