XML 73 R63.htm IDEA: XBRL DOCUMENT v3.23.3
Commitments and Contingencies (Details Narrative) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
May 09, 2023
Aug. 05, 2022
Sep. 30, 2023
Sep. 30, 2023
Sep. 05, 2023
Feb. 23, 2023
Loss Contingencies [Line Items]            
Other commitments description the Company had contributed capital expenditures for the data center. Soluna and Navitas amended and restated the Initial LLCA (the “Existing LLCA”) to reflect Navitas’ contribution of $4,500,000 and its receipt of 4,500 Membership Interests, constituting 26.5% of the outstanding Membership Interests of the Company. On June 2, 2023, Soluna and Navitas amended and restated the Existing LLCA to (a) reflect (i) Navitas’s additional capital contribution of $7,596,970 and receipt of an additional 7,597 Membership Interests, for a total of 12,097 Membership Interests and 49% ownership of the Company, and (ii) Soluna’s additional capital contribution of $1,340,000 and receipt of an additional 1,340 Membership Interests, for a total of 12,590 Membership Interests and 51% ownership of the Company, and (b) describe the respective rights and obligations of the Members and the management of the Company Pursuant to the Dorothy Contribution Agreement, the Company committed to a capital contribution of up to approximately $26.3 million to DVSL (the “Company Commitment”), and on August 5, 2022, the Company was deemed to have contributed approximately $8.1 million, through payment of capital expenditures and development costs made on behalf of DVSL by the Company prior to August 5, 2022. Further under the Agreement, Spring Lane committed to a capital contribution of up to $12.5 million to DVSL (the “Spring Lane Dorothy Commitment”), and as of December 31, 2022, Spring Lane contributed approximately $4.8 million   The Company has a potential contingency associated with an agreement with Spring Lane of up to $250 thousand which would be reduced by a proportion of funding received from Spring Lane up to the $35.0 million aggregate contribution cap. The Company considers the probability of a payment for the contingency to be remote    
Litigation accrual     $ 358 $ 358    
NYDIG ABL LLC [Member]            
Loss Contingencies [Line Items]            
Repossessed Assets         $ 3,400 $ 3,400
Income Tax Examination, Penalties and Interest Accrued           $ 560
Gain (Loss) on Disposition of Assets     $ 251      
Minimum [Member]            
Loss Contingencies [Line Items]            
Remaining lease terms     1 year 1 year    
Maximum [Member]            
Loss Contingencies [Line Items]            
Remaining lease terms     10 years 10 years