Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 159

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1
Chunk 159
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    2024  
    2023 

    (in thousands) 
  
    Accounts receivable 
    $-  
    $         3 
  
    Total 
    $            -  
    $3 

The allowance for credit losses
was $0 thousand and $7 thousand as of December 31, 2024 and 2023, respectively.

    7.
    Prepaid Expenses and Other Current Assets

Prepaid and other current
assets generally consist of amounts paid to vendors for services that have not yet been performed and consist of the following:

    Year Ended December 31, 

    2024  
    2023 

    (in thousands) 
  
    Prepaid expenses and other current assets 
    $131  
    $2,552 
  
    Other receivable 
     -  
     82 
  
    Total 
    $131  
    $2,634 

    8.
    Property and Equipment, Net

The components of property
and equipment, net consist of the following: 

    Year Ended December 31, 

    2024  
    2023 

    (in thousands) 
  
    Solar energy facilities 
    $-  
    $5,134 
  
    Furniture and fixtures 
     -  
     48 
  
    Construction in progress 
     -  
     12,420 
  
    Total property and equipment 
     -  
     17,602 
  
    Less: Accumulated depreciation 
     -  
     (63)
  
    Total 
    $-  
    $17,539 

All solar energy facilities
and construction projects in progress as of December 31, 2023 were part of the sale of Alternus Energy Americas Inc. and its subsidiaries
on November 5, 2024.

F-27

    9.
    Capitalized development cost and other long-term assets

Capitalized development costs
are amounts paid to vendors that are related to the purchase and construction of solar energy facilities. Long-term prepaid expenses and
other receivables consist of amounts owed to the Company as well as amounts paid to vendors for services that have yet to be received
by the Company. Capitalized development costs and other long-term assets consisted of the following:

    Year Ended December 31, 

    2024