Soluna Holdings, Inc
For the period ended Dec 31, 2024. Filed Mar 31, 2025.
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FY2024 · Filed Mar 31, 2025
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, 2024 and 2023
Consolidated Balance Sheets
As of December 31, 2024 and December 31, 2023
| (Dollars in thousands, except per share) | December 31, 2024 | December 31, 2023 |
|---|---|---|
| Assets | ||
| Current Assets: | ||
| Cash | $7,843 | $6,368 |
| Restricted cash | 1,150 | 2,999 |
| Accounts receivable, net (allowance for expected credit losses $244 and $0 as of December 31, 2024 and December 31, 2023) | 2,693 | 2,948 |
| Notes receivable | 13 | 446 |
| Prepaid expenses and other current assets | 1,768 | 1,416 |
| Equipment held for sale | 28 | 107 |
| Total Current Assets | 13,495 | 14,284 |
| Restricted cash, noncurrent | 1,460 | 1,000 |
| Other assets | 2,724 | 2,954 |
| Deposits and credits on equipment | 5,145 | 1,028 |
| Property, plant and equipment, net | 47,283 | 44,572 |
| Intangible assets, net | 17,620 | 27,007 |
| Operating lease right-of-use assets | 313 | 431 |
| Total Assets | $88,040 | $91,276 |
| Liabilities and Stockholders’ Equity | ||
| Current Liabilities: | ||
| Accounts payable | $2,840 | $2,099 |
| Accrued liabilities | 29,075 | 4,906 |
| Convertible notes payable | - | 8,474 |
| Current portion of debt | 14,444 | 10,864 |
| Income tax payable | 37 | 24 |
| Customer deposits-current | 1,416 | 1,588 |
| Operating lease liability | 61 | 220 |
| Total Current Liabilities | 47,873 | 28,175 |
| Other liabilities | 235 | 499 |
| Customer deposits- long-term | - | 1,248 |
| Long-term debt | 7,061 | - |
| Operating lease liability | 252 | 216 |
| Deferred tax liability, net | 5,257 | 7,779 |
| Total Liabilities | 60,678 | 37,917 |
| Commitments and Contingencies (Note 13) | - | - |
| Stockholders’ Equity: | ||
| 9.0% Series A Cumulative Perpetual Preferred Stock, par value $0.001 per share, $25.00 liquidation preference; authorized 6,040,000; 4,953,545 and 3,061,245 shares issued and outstanding as of December 31, 2024 and December 31, 2023 | 5 | 3 |
| Series B Preferred Stock, par value $0.0001 per share, authorized 187,500; 62,500 shares issued and outstanding as of December 31, 2024 and December 31, 2023 | — | — |
| Common stock, par value $0.001 per share, authorized 75,000,000; 10,647,761 shares issued and 10,607,020 shares outstanding as of December 31, 2024 and 2,546,361 shares issued and 2,505,620 shares outstanding as of December 31, 2023 | 11 | 3 |
| Additional paid-in capital | 315,607 | 291,276 |
| Accumulated deficit | (314,304) | (250,970) |
| Common stock in treasury, at cost, 40,741 shares at December 31, 2024 and December 31, 2023 | (13,798) | (13,798) |
| Total Soluna Holdings, Inc. Stockholders’ (Deficit) Equity | (12,479) | 26,514 |
| Non-Controlling Interest | 39,841 | 26,845 |
| Total Stockholders’ Equity | 27,362 | 53,359 |
| Total Liabilities and Stockholders’ Equity | $88,040 | $91,276 |
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