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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
Current Assets:    
Cash $ 9,161 $ 7,843
Restricted cash 2,227 1,150
Accounts receivable, net (allowance for expected credit losses of $244 at March 31, 2025 and December 31, 2024) 2,364 2,693
Prepaid expenses and other current assets 1,978 1,781
Equipment held for sale 28 28
Total Current Assets 15,758 13,495
Restricted cash, noncurrent 3,060 1,460
Other assets 1,124 2,724
Deposits and credits on equipment 4,932 5,145
Property, plant and equipment, net 49,585 47,283
Intangible assets, net 15,292 17,620
Operating lease right-of-use assets 298 313
Total Assets 90,049 88,040
Current Liabilities:    
Accounts payable 3,321 2,840
Accrued liabilities 6,482 6,785
Accrued interest payable 2,674 2,275
Contract liability 19,348 20,015
Current portion of debt 13,848 14,444
Income tax payable 49 37
Customer deposits 1,776 1,416
Operating lease liability 62 61
Total Current Liabilities 47,560 47,873
Other liabilities 249 235
Long-term debt 10,190 7,061
Operating lease liability 236 252
Deferred tax liability, net 4,821 5,257
Total Liabilities 63,056 60,678
Commitments and Contingencies (Note 10)
Stockholders’ Equity:    
Common stock, par value $0.001 per share, authorized 75,000,000;12,548,786 shares issued and 12,508,045 shares outstanding as of March 31, 2025 and 10,647,761 shares issued and 10,607,020 shares outstanding as of December 31, 2024 13 11
Additional paid-in capital 319,575 315,607
Accumulated deficit (321,860) (314,304)
Common stock in treasury, at cost, 40,741 shares at March 31, 2025 and December 31, 2024 (13,798) (13,798)
Total Soluna Holdings, Inc. Stockholders’ (Deficit) Equity (16,065) (12,479)
Non-Controlling Interest 43,058 39,841
Total Stockholders’ Equity 26,993 27,362
Total Liabilities and Stockholders’ Equity 90,049 88,040
Series A Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock, value 5 5
Series B Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock, value