Company: ALCE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001213900-25-105077
Chunk: 221

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 221
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    $(2,020) 
    $(100)%
  
    Total for the period 
    $3,689  
    $4,801  
    $(1,112) 
     (23)%

46

    Six Months Ended June 30, 

    2025  
    2024  
    Change  ($)  
    Change (%) 

    (in thousands) 
  
    Selling, general and administrative 
    $5,179  
    $5,888  
    $(709) 
     (12)%
  
    Total for continuing operations 
    $5,179  
    $5,888  
    $(731) 
     (12)%

    Discontinued Operations: 

    Selling, general and administrative 
    $-  
    $5,662  
    $(5,662) 
    $(100)%
  
    Total for discontinued operations 
    $-  
    $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