Company: SLNH
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001493152-25-023503
Chunk: 67

Company: Soluna Holdings, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 67
---
 and operability without changing the guidance.
ASU 2024-01 is effective for fiscal years beginning after December 15, 2024, and interim periods within those annual periods. Early adoption
is permitted. The amendments should be applied either retrospectively to all prior periods presented in the financial statements, or
prospectively to profits interests and similar awards granted or modified on or after the adoption date. The Company notes that this
ASU did not have an impact on the condensed consolidated financial statements for the three and nine months ended September 30, 2025.
If any new awards are issued in the future, the Company will evaluate the scope application of this ASU.

Accounting
Updates Not Yet Effective

Improvements
to Comprehensive Income- Expense Disaggregation

In
December 2024, the FASB issued ASU 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures
(Subtopic 220-40) (“ASU 2024-03”). ASU 2024-03 requires, in the notes to the financial statements, disclosures of specified
information about certain costs and expenses specified in the updated guidance. ASU 2024-03 is effective for annual reporting periods
beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The
Company is evaluating the impact the updated guidance will have on its disclosures.

Debt
with Conversion and Other Options

In
December 2024, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2024-04, Debt - Debt with Conversion and
Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments. ASU 2024-04 clarifies the requirements for
determining whether certain settlements of convertible debt instruments should be accounted for as an induced conversion to improve relevance
and consistency. The new standard is effective for the Company for its annual periods beginning after December 15, 2025 and interim periods
within those annual reporting periods, with early adoption permitted. The Company is currently evaluating the impact of adopting the
standard.

    34

14.
Variable Interest Entities and Voting Interest Entities

On
January 26, 2022, DVSL was created in order to construct, own, operate and maintain data centers in order to support the mining of cryptocurrency
assets, batch processing and other non-crypto related