Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 102

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1
Chunk 102
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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  
    $- 

    Year Ended December 31, 

    2024  
    2023 

    (in thousands) 
  
    Cash and cash equivalents on the Consolidated Balance Sheets 
    $161  
    $4,042 
  
    Cash and cash equivalents of discontinued operations included in current assets of discontinued operations on the Consolidated Balance Sheets 
     -  
     1,361 
  
    Restricted cash of discontinued operations included in current assets of discontinued operations on the Consolidated Balance Sheets 
     -  
     19,161 
  
    Total cash, cash equivalents, and restricted cash on the Consolidated Statements of Cash Flow 
    $161  
    $24,564 

Restricted Cash relates to balances that are in
the bank accounts for specific defined purposes and cannot be used for any other undefined purposes. The decrease in available capital
from discontinued operations was related to payments paying down the principal of the Green Bonds followed by the sale of operating parks
in Poland, the Netherlands, and Romania. Refer to Footnote 3 for further discussion of restricted cash.

Liquidity Position

Our consolidated financial statements for the
year ended December 31, 2024 and 2023 identifies the existence of certain conditions that raise substantial doubt about our ability to
continue as a going concern for twelve months from the issuance of this report.