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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current Assets:    
Cash $ 9,558 $ 6,368
Restricted cash 1,951 2,999
Accounts receivable, net (allowance for expected credit losses $244 and $0 as of June 30, 2024 and December 31, 2023) 3,434 2,948
Notes receivable 48 446
Prepaid expenses and other current assets 12,461 1,416
Equipment held for sale 28 107
Total Current Assets 27,480 14,284
Restricted cash, noncurrent 1,000 1,000
Other assets 2,946 2,954
Deposits and credits on equipment 3,124 1,028
Property, plant and equipment, net 41,472 44,572
Intangible assets, net 22,328 27,007
Operating lease right-of-use assets 325 431
Total Assets 98,675 91,276
Current Liabilities:    
Accounts payable 2,452 2,099
Accrued liabilities 6,286 4,906
Convertible notes payable 7,851 8,474
Current portion of debt 13,008 10,864
Income tax payable 65 24
Warrant liability 314
Customer deposits-current 2,391 1,588
Operating lease liability 159 220
Total Current Liabilities 32,526 28,175
Other liabilities 499 499
Customer deposits- long-term 1,248
Long-term debt 9,028
Operating lease liability 169 216
Deferred tax liability, net 6,520 7,779
Total Liabilities 48,742 37,917
Commitments and Contingencies (Note 10)
Stockholders’ Equity:    
Common stock, par value $0.001 per share, authorized 75,000,000; 5,272,845 shares issued and 5,232,104 shares outstanding as of June 30, 2024 and 2,546,361 shares issued and 2,505,620 shares outstanding as of December 31, 2023 5 3
Additional paid-in capital 305,250 291,276
Accumulated deficit (267,097) (250,970)
Common stock in treasury, at cost, 40,741 shares at June 30, 2024 and December 31, 2023 (13,798) (13,798)
Total Soluna Holdings, Inc. Stockholders’ Equity 24,365 26,514
Non-Controlling Interest 25,568 26,845
Total Stockholders’ Equity 49,933 53,359
Total Liabilities and Stockholders’ Equity 98,675 91,276
Series A Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock, value 5 3
Series B Preferred Stock [Member]    
Stockholders’ Equity:    
Preferred stock, value