Company: ALCE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001213900-25-105077
Chunk: 303

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 2
Chunk 303
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-  
    $5,662  
    $(5,662) 
    $(100)%
  
    Total for the period 
    $5,179  
    $11,550  
    $(6,371) 
     (55)%

Selling, general and administrative expenses for
continuing operations increased by $0.9 million for the three months ended June 30, 2025, due primarily to non cash stock compensation
costs of approximately $2.1 million. Selling, general and administrative expenses for continuing operations decreased $0.7 million for
the six months ended June 30, 2025 compared to the same period in 2024. The majority of this decrease was from a decrease in compensation
costs, consulting expenses, insurance and the accounting and legal costs associated with audit preparation and Nasdaq listing costs during
2024 offset by the stock compensation costs during the period.

Selling, general and administrative expenses for
discontinued operations decreased by $2.0 million and $5.7 million for the three and six months, respectively, ended June 30, 2025 compared
to the same period in 2024, due to Solis being sold on October 3, 2024.

Development Cost

The Company depends heavily on government policies
that support our business and enhance the economic feasibility of developing and operating solar energy projects in regions in which we
operate or plan to develop and operate renewable energy facilities. The Company can decide to abandon a project if there is material change
in budgetary constraints, political factors or otherwise, governments from time to time may review their laws and policies that support
renewable energy and consider actions that would make the laws and policies less conducive to the development and operation of renewable
energy facilities. Any reductions or modifications to, or the elimination of, governmental incentives or policies that support renewable
energy or the imposition of additional taxes or other assessments on renewable energy, could result in, among other items, the lack of
a satisfactory market for the development and/or financing of new renewable energy projects, our abandoning the development of renewable
energy projects, a loss of our investments in the projects, and reduced project returns, any of which could have a material adverse effect
on our business, financial condition, results of operations and prospects. Refer to Footnote 13 to the accompanying financial statements
for more detail of development cost.

    Three Months Ended June 30, 

    2025