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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash $ 5,625 $ 1,136
Restricted cash 3,428 685
Accounts receivable 2,024 320
Notes receivable 446 219
Prepaid expenses and other current assets 1,593 1,107
Deposits and credits on equipment 975 1,175
Equipment held for sale 248 295
Total Current Assets 14,339 4,937
Restricted cash 1,000
Other assets 2,957 1,150
Property, plant and equipment, net 45,938 42,209
Intangible assets, net 29,370 36,432
Operating lease right-of-use assets 483 233
Total Assets 94,087 84,961
Current Liabilities:    
Accounts payable 3,005 3,548
Accrued liabilities 4,447 2,721
Line of credit 350
Convertible notes payable 10,796 11,737
Current portion of debt 9,053 10,546
Deferred revenue 453
Operating lease liability 215 161
Total Current Liabilities 27,516 29,516
Other liabilities 1,497 203
Long-term debt 1,050
Operating lease liability 273 84
Deferred tax liability, net 8,362 8,886
Total Liabilities 38,698 38,689
Commitments and Contingencies (Note 10)
Stockholders’ Equity:    
Common stock, par value $0.001 per share, authorized 75,000,000; 1,492,729 shares issued and 1,451,988 shared outstanding as of September 30, 2023 and 788,578 shares issued and 747,837 shares outstanding as of December 31, 2022 [1] 1 1
Additional paid-in capital 286,799 277,429
Accumulated deficit (244,268) (221,769)
Common stock in treasury, at cost, 40,741 shares at September 30, 2023 and December 31, 2022 [1] (13,798) (13,798)
Total Soluna Holdings, Inc. Stockholders’ Equity 28,737 41,866
Non-Controlling Interest 26,652 4,406
Total Stockholders’ Equity 55,389 46,272
Total Liabilities and Stockholders’ Equity 94,087 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, “Basis of Presentation,” for details.