Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 19

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 1
Chunk 19
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     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 31,  
    As of December 31, 

    2025  
    2024 

    (in thousands) 
  
    Convertible debt, secured 
    $605  
    $2,626 
  
    Senior Secured debt and promissory notes 
     9,775  
     27,718 
  
    Total debt 
     10,380  
     30,344 
  
    Less current maturities 
     (10,380) 
     (28,715)
  
    Long term debt, net of current maturities 
    $-  
    $1,629 

    Current Maturities 
    $10,380  
    $28,715 
  
    Less current debt discount 
     (633) 
     (1,239)
  
    Less net loss on issuance of convertible note & warrant 
     -  
     520 
  
    Less movement in fair value 
     (154) 
     (632)
  
    Current Maturities net of debt discount 
    $9,593  
    $27,364 

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

The Company’s remaining