Soluna Holdings Inc
For the period ended Dec 31, 2023. Filed Apr 1, 2024.
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FY2023 · Filed Apr 1, 2024
SLNH$0.52-4.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Balance Sheets as of December 31, 2023 and 2022
Consolidated Balance Sheets
As of December 31, 2023 and December 31, 2022
| December 31, | December 31, | |
|---|---|---|
| 2023 | 2022 | |
| Assets | ||
| Current Assets: | ||
| Cash | $6,368 | $1,136 |
| Restricted cash | 2,999 | 685 |
| Accounts receivable | 2,948 | 320 |
| Notes receivable | 446 | 219 |
| Prepaid expenses and other current assets | 1,416 | 1,107 |
| Equipment held for sale | 107 | 295 |
| Total Current Assets | 14,284 | 3,762 |
| Restricted cash, noncurrent | 1,000 | - |
| Other assets | 2,954 | 1,150 |
| Deposits and credits on equipment | 1,028 | 1,175 |
| Property, plant and equipment, net | 44,572 | 42,209 |
| Intangible assets, net | 27,007 | 36,432 |
| Operating lease right-of-use assets | 431 | 233 |
| Total Assets | $91,276 | $84,961 |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities: | ||
| Accounts payable | $2,099 | $3,548 |
| Accrued liabilities | 4,906 | 2,721 |
| Line of credit | - | 350 |
| Convertible notes payable | 8,474 | 11,737 |
| Current portion of debt | 10,864 | 10,546 |
| Income tax payable | 24 | - |
| Deferred revenue | - | 453 |
| Customer deposits-current | 1,588 | - |
| Operating lease liability | 220 | 161 |
| Total Current Liabilities | 28,175 | 29,516 |
| Other liabilities | 499 | 203 |
| Customer deposits- long-term | 1,248 | - |
| Operating lease liability | 216 | 84 |
| Deferred tax liability, net | 7,779 | 8,886 |
| Total Liabilities | 37,917 | 38,689 |
| Commitments and Contingencies (Note 14) | - | - |
| Stockholders’ Equity: | ||
| 9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share, $25.00 liquidation preference; authorized 6,040,000; 3,061,245 shares issued and outstanding as of December 31, 2023 and December 31, 2022 | 3 | 3 |
| Series B Preferred Stock, par value $0.0001 per share, authorized 187,500; 62,500 shares issued and outstanding as of December 31, 2023 and December 31, 2022 | — | — |
| Common stock, par value $0.001 per share, authorized 75,000,000; 2,546,361 shares issued and 2,505,620 shares outstanding as of December 31, 2023 and 788,578 shares issued and 747,837 shares outstanding as of December 31, 2022(1) | 3 | 1 |
| Additional paid-in capital | 291,276 | 277,429 |
| Accumulated deficit | (250,970) | (221,769) |
| Common stock in treasury, at cost, 40,741 shares at December 31, 2023 and December 31, 2022(1) | (13,798) | (13,798) |
| Total Soluna Holdings, Inc. Stockholders’ Equity | 26,514 | 41,866 |
| Non-Controlling Interest | 26,845 | 4,406 |
| Total Stockholders’ Equity | 53,359 | 46,272 |
| Total Liabilities and Stockholders’ Equity | $91,276 | $84,961 |
| (1) | Prior period results have been adjusted to reflect the Reverse Stock Split of the Common Stock at a ratio of 1-for-25 that became effective October 13, 2023. See Note 2, “Accounting Policies,” for details. |
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