v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
Current Assets:    
Cash $ 9,878 $ 7,843
Restricted cash 2,215 1,150
Accounts receivable, net (allowance for expected credit losses of $244 at June 30, 2025 and December 31, 2024) 2,649 2,693
Prepaid expenses and other current assets 2,236 1,781
Equipment held for sale 28
Total Current Assets 16,978 13,495
Restricted cash, noncurrent 3,060 1,460
Other assets 1,107 2,724
Deposits and credits on equipment 1,046 5,145
Property, plant and equipment, net 56,521 47,283
Intangible assets, net 12,957 17,620
Operating lease right-of-use assets 283 313
Total Assets 91,952 88,040
Current Liabilities:    
Accounts payable 3,942 2,840
Accrued liabilities 5,934 6,785
Accrued interest payable 3,286 2,275
Contract liability 19,348 20,015
Current portion of debt 13,255 14,444
Income tax payable 62 37
Customer deposits 1,962 1,416
Operating lease liability 63 61
Total Current Liabilities 47,852 47,873
Other liabilities 333 235
Long-term debt 10,021 7,061
Operating lease liability 220 252
Deferred tax liability, net 4,207 5,257
Total Liabilities 62,633 60,678
Commitments and Contingencies (Note 10)
Stockholders’ Equity:    
Common stock, par value $0.001 per share, authorized 75,000,000; 19,095,863 shares issued and 19,055,122 shares outstanding as of June 30, 2025 and 10,647,761 shares issued and 10,607,020 shares outstanding as of December 31, 2024 19 11
Additional paid-in capital 323,557 315,607
Accumulated deficit (329,242) (314,304)
Common stock in treasury, at cost, 40,741 shares at June 30, 2025 and December 31, 2024 (13,798) (13,798)
Total Soluna Holdings, Inc. Stockholders’ (Deficit) Equity (19,459) (12,479)
Non-Controlling Interest 48,778 39,841
Total Stockholders’ Equity 29,319 27,362
Total Liabilities and Stockholders’ Equity 91,952 88,040
Series A Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock, value 5 5
Series B Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock, value