XML 17 R2.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
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
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:    
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
Series A Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock, value 3 3
Series B Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock, value
[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.