Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 2018

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 6
Chunk 2018
---
 liabilities and the disclosure of contingent assets and liabilities at the date of the consolidated financial statements
and the reported amounts of revenues and expenses for the periods presented. Significant items subject to such estimates include, but
are not limited to, the assumptions utilized in the valuation of the assets acquired and liabilities assumed, determination of a business
combination or asset acquisition, impairment of long-lived assets, measurement of level 3 fair value assets, and recovery of capitalized
cost. Management evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including
the current economic environment, and adjusts when facts and circumstances dictate. These estimates are based on information available
as of the date of financial statements; therefore, actual results could differ from these estimates.

Segments

The Company has two operating
segments, United States Operations and European Operations, and has identified the chief operating decision-making (“CODM”)
group as the CEO of the Company. The CEO regularly reviews the Reporting Packs that contain financial and operational results aggregated
by geography as well as consolidated income statement, balance sheet, and equity of the overall company.

F-11

Cash and Cash Equivalents

The Company considers cash
and highly liquid investments with original maturities of three months or less to be cash and cash equivalents. The Company maintains
cash and cash equivalents with major financial institutions, the largest concentration in the United States, Ireland, Spain, and Italy,
and with ING in Poland. The Company may at times exceed federally insured limits or statutorily insured limits in a foreign jurisdiction.
The Company periodically assesses the financial condition and due to the size and stability of the institutions believes the risk of loss
to be remote.

The Consolidated Statements
of Cash Flows includes the cash flows of continuing and discontinued operations. The following is a reconciliation of “Cash and
cash equivalents” of continuing operations presented in the Consolidated Balance Sheets and the total cash, cash equivalents, and
restricted cash presented in the Consolidated Statements of Cash Flows:

    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