Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1139

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 2
Chunk 1139
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     - 
  
    Other accrued expenses 
     66  
     1,664 
  
    Total 
    $2,371  
    $15,042 

    13.
    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:

    Year Ended December 31, 

    2024  
    2023 

    (in thousands) 
  
    Taxes recoverable 
    $347  
    $444 
  
    Less: Taxes payable 
     (14) 
     (13)
  
    Total 
    $333  
    $431 

F-29

    14.
    Convertible Debt and Non-convertible Promissory Notes

The following table reflects
the total debt balances of the Company as December 31, 2024 and 2023:

    Year Ended December 31, 

    2024  
    2023 

    (in thousands) 
  
    Convertible debt, secured 
    $2,626  
    $- 
  
    Senior Secured debt and promissory notes 
     27,718  
     32,312 
  
    Total debt 
     30,344  
     32,312 
  
    Less current maturities 
     (28,715) 
     (32,312)
  
    Long term debt, net of current maturities 
    $1,629  
    $- 

    Current Maturities 
    $28,715  
    $32,312 
  
    Less current debt discount 
     (1,239) 
     (725)
  
    Less net loss on issuance of convertible note & warrant 
     520  
     - 
  
    Less movement in fair value 
     (632) 
     - 
  
    Current Maturities net of debt discount 
    $27,364  
    $31,587 

    Long-term maturities 
    $1,629  
    $- 
  
    Less long-term debt discount 
     -  
     - 
  
    Long-term maturities net of debt discount 
    $1,629  
    $- 

The Company incurred