Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 136

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 1
Chunk 136
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    Net cash provided by/(used in) investing activities 
     23,088  
     (124)
  
    Net cash provided by/(used in) financing activities 
     (137,729) 
     (17,164)

Accounts Receivable

Accounts receivable are uncollateralized
amounts due from customers under normal trade terms. Accounts receivables are presented net of allowance for doubtful accounts. The Company
establishes an allowance for doubtful customer accounts, through a review of historical losses, customer balances, and industry economic
conditions. Under the expected loss model, a loss (or allowance) is recognized upon initial recognition of the asset that reflects all
future events that may lead to a loss being realized, regardless of whether it is probable that the future event will occur. The Company
extends credit based on an evaluation of customers’ financial condition and determines any additional collateral requirements. Exposure
to losses on receivables is principally dependent on each customer’s financial condition. The Company considers invoices past due
when they are outstanding longer than the stated term. Under the expected loss model, a loss (or allowance) is recognized upon initial
recognition of the asset that reflects all future events that may lead to a loss being realized, regardless of whether it is probable
that the future event will occur. Management considers the carrying value of accounts receivable to be fully collectible. If amounts become
uncollectible, they are charged to operations in the period in which that determination is made.

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

F-12

Concentration of Credit Risk

At times, the Company maintains
cash balances in financial institutions which may exceed federally insured limits. The Company maintains cash balances in all countries
in which it operates and in Ireland where the Company is headquartered. Government coverage for the Company’s cash balances are
as follows:

    ● European Union - $105,841 (€100,000) per account is covered for operations in Romania, Poland, Italy, and the Company’s headquarters in Ireland. 

    ● United States - $250,000 

While the company did not
have any cash accounts above the government insurance amounts as of December 31, 2024, it did at times have balances above the insurance
amount throughout the year. The Company has not experienced any losses relating to such accounts and believes it is not exposed to significant
credit