Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 136

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 8
Chunk 136
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8. Accounts Payable

Accounts payable represents
the amounts owed to suppliers of goods and services the Company has consumed through operations. Accounts payable consist of the following:

    March 31,  
    December 31, 

    2025  
    2024 

    (in thousands) 
  
    Accounts payable 
    $10,690  
    $9,799 
  
    Total 
    $10,690  
    $9,799 

9. Accrued Liabilities

Accrued expenses relate to
various accruals for the Company. Accrued interest represents the interest on the Company’s debt that has accrued and has been unpaid
through March 31, 2025 and as of December 31, 2024. Accrued liabilities consist of the following (in thousands):

    March 31,
 2025  
    December 31, 
2024 

    (in thousands) 
  
    Accrued legal 
    $500  
    $500 
  
    Accrued interest 
     574  
     553 
  
    Accrued audit fees 
     -  
     500 
  
    Accrued payroll 
     295  
     22 
  
    Accrued consulting fees 
     140  
     140 
  
    Accrued tax penalties 
     590  
     590 
  
    Other accrued expenses 
     790  
     66 
  
    Total 
    $2,889  
    $2,371 

10. Taxes Recoverable and Payable

Taxes recoverable and payable
consist of VAT taxes payable and receivable from various European governments through group transactions in these countries. Taxes recoverable
consist of the following:

    March 31,  
    December 31, 

    2025  
    2024 

    (in thousands) 
  
    Taxes recoverable 
    $        -  
    $  347 
  
    Less: Taxes payable 
     -  
     (14)
  
    Total 
    $-  
    $333 

13

11. Convertible and Non-convertible Promissory Notes

The following table reflects
the total debt balances of the Company as March 31, 2025 and December 31, 2024:

    As of March