Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 129

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 8
Chunk 129
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TCQB trading market. However, there can be no assurance that the Company’s
Common Stock will continue to trade on any over-the-counter trading market.

The Company is currently taking
several steps to begin to alleviate the going concern issue. We are working with multiple global banks and funds in an attempt secure
the necessary project financing to execute on our transatlantic business plan. The Company has sold or discontinued non-strategic businesses,
operations, and assets in order to eliminate significant indebtedness.

7

3. Summary of Significant Accounting Policies

Basis of Presentation

The accompanying unaudited
condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”)
for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include
all the information and footnotes required by GAAP for complete financial statements.

In the opinion of management,
all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation have been included.

These interim financial statements
should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual
Report on Form 10-K for the year ended December 31, 2024.

Basis of Consolidation 

The consolidated financial
statements include the financial statements of the Company and its subsidiaries. All intercompany accounts and transactions have been
eliminated in consolidation. The results of subsidiaries acquired or disposed of during the respective periods are included in the consolidated
financial statements from the effective date of acquisition or up to the effective date of disposal, as appropriate. The consolidated
financial statements should be read in conjunction with the Company’s audited consolidated financial statements and the related
notes for the year ended December 31, 2024, contained in the Company’s Annual Report on Form 10-K as filed with the Securities and
Exchange Commission (“SEC”).

Net Loss Per Share

Net loss per share is computed pursuant to ASC
260, Earnings per Share. Basic net loss per share attributable to common shareholders is computed by dividing net loss attributable to
common shareholders by the weighted average number of common stock outstanding for the period. Diluted net loss per share attributable
to common shareholders is computed by dividing net loss attributable to common shareholders by the weighted average number of common stock
outstanding for the period plus the number of common stock that would have been outstanding if all potentially dilutive common stock had
been