Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 676

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1B
Chunk 676
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 Unbilled energy incentives relate
to Green Certificates from Romania that have been received for energy generated and delivered but not yet sold. This amount is offset
against deferred income. On October 3, 2024, the Company sold its Romanian subsidiaries, reporting the unbilled energy incentives balance
for the year ended December 31, 2023 as discontinued operations. See Footnote 19 for additional information. Accounts receivable consist
of the following:

    Year Ended December 31, 

    2024  
    2023 

    (in thousands) 
  
    Accounts receivable 
    $-  
    $         3 
  
    Total 
    $            -  
    $3 

The allowance for credit losses
was $0 thousand and $7 thousand as of December 31, 2024 and 2023, respectively.

    7.
    Prepaid Expenses and Other Current Assets

Prepaid and other current
assets generally consist of amounts paid to vendors for services that have not yet been performed and consist of the following:

    Year Ended December 31, 

    2024  
    2023 

    (in thousands) 
  
    Prepaid expenses and other current assets 
    $131  
    $2,552 
  
    Other receivable 
     -  
     82 
  
    Total 
    $131  
    $2,634 

    8.
    Property and Equipment, Net

The components of property
and equipment, net consist of the following: 

    Year Ended December 31, 

    2024  
    2023 

    (in thousands) 
  
    Solar energy facilities 
    $-  
    $5,134 
  
    Furniture and fixtures 
     -  
     48 
  
    Construction in progress 
     -  
     12,420 
  
    Total property and equipment 
     -  
     17,602 
  
    Less: Accumulated depreciation 
     -  
     (63)
  
    Total 
    $-  
    $17,539 

All solar energy facilities
and construction projects in progress as of December 31, 2023 were part of the sale of Alternus Energy Americas Inc. and its subsidiaries
on November 5, 2024.

F-27

    9.