Stockholders’ Equity (Tables)

9 Months Ended

Sep. 30, 2024

Equity [Abstract]

Schedule of Reserved Shares of Common Stock for Future Issuance

The Company had reserved common shares for future issuance as follows as of September 30, 2024:

Stock options outstanding	3,325
Restricted stock units outstanding	5,692
Warrants outstanding	3,222,446
Common stock available for future equity awards or issuance of options	456,707
Number of common shares reserved	3,688,170

Schedule of Basic and Diluted Per Share Computations for Continuing Operations

The following table sets forth the reconciliation of the numerators and denominators of the basic and diluted per share computations for operations for the three and nine months ended September 30:

(Dollars in thousands, except shares)	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Numerator:
Net loss	$	(8,093	)	$	(6,016	)	$	(19,782	)	$	(22,705	)
(Less) Net income (loss) attributable to non-controlling interest		(903	)		646			3,535			(206	)
Net loss attributable to Soluna Holdings, Inc.		(7,190	)		(6,662	)		(23,317	)		(22,499	)
Less: Preferred dividends or deemed dividends		-			(38	)		(452	)		(421	)
Less: Cumulative Preferred Dividends in arrears		(2,786	)		(1,722	)		(7,117	)		(5,166	)
Balance	$	(9,976	)	$	(8,422	)	$	(30,886	)	$	(28,086	)
Denominator:
Basic and Diluted EPS:
Common shares outstanding, beginning of period, including penny warrants		6,878,723			1,189,907			2,592,454			1,061,497
Weighted average common shares issued during the period including penny warrants issued and outstanding as of quarter-end		859,941			222,733			2,555,148			101,192
Denominator for basic earnings per common shares —		7,738,664			1,412,640			5,147,602			1,162,689
Weighted average common shares		(1.29	)		(5.96	)		(6.00	)		(24.16	)