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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash $ 8,766 $ 6,368
Restricted cash 1,981 2,999
Accounts receivable, net (allowance for expected credit losses $611 and $0 as of September 30, 2024 and December 31, 2023) 2,045 2,948
Notes receivable 33 446
Prepaid expenses and other current assets 5,662 1,416
Equipment held for sale 28 107
Total Current Assets 18,515 14,284
Restricted cash, noncurrent 1,460 1,000
Other assets 8,718 2,954
Deposits and credits on equipment 5,019 1,028
Property, plant and equipment, net 43,471 44,572
Intangible assets, net 19,986 27,007
Operating lease right-of-use assets 180 431
Total Assets 97,349 91,276
Current Liabilities:    
Accounts payable 3,388 2,099
Accrued liabilities 7,666 4,906
Convertible notes payable 3,370 8,474
Current portion of debt 14,529 10,864
Income tax payable 65 24
Customer deposits-current 2,291 1,588
Operating lease liability 26 220
Total Current Liabilities 31,335 28,175
Other liabilities 191 499
Customer deposits- long-term 1,248
Long-term debt 8,100
Operating lease liability 155 216
Deferred tax liability, net 5,973 7,779
Total Liabilities 45,754 37,917
Commitments and Contingencies (Note 9)
Stockholders’ Equity:    
Common stock, par value $0.001 per share, authorized 75,000,000; 7,690,219 shares issued and 7,649,478 shares outstanding as of September 30, 2024 and 2,546,361 shares issued and 2,505,620 shares outstanding as of December 31, 2023 8 3
Additional paid-in capital 308,947 291,276
Accumulated deficit (274,287) (250,970)
Common stock in treasury, at cost, 40,741 shares at September 30, 2024 and December 31, 2023 (13,798) (13,798)
Total Soluna Holdings, Inc. Stockholders’ Equity 20,875 26,514
Non-Controlling Interest 30,720 26,845
Total Stockholders’ Equity 51,595 53,359
Total Liabilities and Stockholders’ Equity 97,349 91,276
Series A Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock, value 5 3
Series B Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock, value