Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 153

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 153
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244 

4.
Property, Plant and Equipment, net

Property,
plant and equipment consist of the following at:

Schedule of Plant and Equipment

    (Dollars in thousands) 
    September
    30, 2025  
    December
    31, 2024 
  
    Land and land improvements 
    $2,800  
    $1,553 
  
    Buildings and leasehold improvements 
     32,292  
     25,453 
  
    Computers and related software 
     12,719  
     11,533 
  
    Machinery and equipment 
     16,246  
     9,324 
  
    Office furniture and fixtures 
     74  
     34 
  
    Construction in progress 
     14,537  
     9,250 
  
    Property, plant and equipment, gross 
     78,668  
     57,147 
  
    Less: Accumulated depreciation 
     (14,669) 
     (9,864)
  
    Property, plant and equipment,
    net 
    $63,999  
    $47,283 

    13

Depreciation
expense was approximately $1.7 million and $1.5 million for the three months ended September 30, 2025 and 2024, respectively. Depreciation
expense was approximately $4.9 million and $4.6 million for the nine months ended September 30, 2025 and 2024, respectively.

5.
Intangible Assets, net

Intangible
assets consist of the following as of September 30, 2025:

Schedule
of Intangiable Assets 

    (Dollars in thousands) 
    Intangible
    Assets  
    Accumulated Amortization  
    Total 

    Strategic pipeline contract 
    $46,885  
    $36,727  
    $10,158 
  
    Assembled workforce 
     500  
     392  
     108 
  
    Patents 
     359  
     32  
     327 
  
    Total 
    $47,744  
    $37,151  
    $10,593 

Intangible
assets consist of the following as of December 31, 2024:

    (Dollars in thousands) 
    Intangible
    Assets