Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 447

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1A
Chunk 447
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 income relates to
income related to Green Certificates from Romania that have been received but not sold. Deferred income consists of the following (in
thousands):

    Activity 
  
    Deferred income – Balance January 1, 2023 
    $4,954 
  
    Green certificates received 
     10,663 
  
    Green certificates sold 
     (10,169)
  
    Foreign exchange gain/(loss) 
     159 
  
    Deferred income – Balance December 31, 2023 
    $5,607 

On October 3, 2024, the Company
sold its Romanian subsidiaries, reporting the deferred income balance for the year ended December 31, 2023 as discontinued operations.
See Footnote 19 for additional information.

    12.
    Accrued Liabilities

Accrued expenses relate to
various accruals for the Company. Accrued interest represents the interest in debt not paid in the year ended December 31, 2024 and 2023.
Accrued liabilities consist of the following:

    Year Ended December 31, 

    2024  
    2023 

    (in thousands) 
  
    Accrued legal 
    $500  
    $1,798 
  
    Accrued interest 
     553  
     3,482 
  
    Accrued financing cost 
     -  
     3,537 
  
    Accrued construction expense 
     -  
     2,134 
  
    Accrued transaction cost - business combination 
     -  
     1,527 
  
    Accrued audit fees 
     500  
     800 
  
    Accrued payroll 
     22  
     100 
  
    Accrued consulting fees 
     140  
     - 
  
    Accrued tax penalties 
     590  
     - 
  
    Other accrued expenses 
     66  
     1,664 
  
    Total 
    $2,371  
    $15,042 

    13.
    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:

    Year Ended December 31, 

    2024