Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 127

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 8
Chunk 127
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.r.l.   SPV   2 August 2022   AEG MH 02 Limited   Italy  AED Italia-08 S.r.l.   SPV   5 August 2022   AEG MH 02 Limited   Italy  Alternus LUX 01 S.a.r.l.   Holding Company   5 October 2022   Alternus Clean Energy, Inc.   Luxembourg  Alt Alliance LLC   Holding Company   September 2023   Alternus Clean Energy, Inc.   USA  AEG MH 04 Limited   Holding Company   16 January 2024   Alternus Lux 01 S.a.r.l.   Ireland  ALT POL HC 02 sp. z.o.o.   Holding Company   20 January 2023   Alternus Europe Limited   Poland  ALANTEAN LLC   Joint Venture LLC Partnership   10 April 2024   Alt Alliance LLC   USA  BESS LLC   Holding Company   10 December 2024   Alternus Clean Energy, Inc.   USA  EverOn Energy LLC   Holding Company   24 March 2025   Alternus Clean Energy, Inc.   USA 

6

2. Going Concern and Management’s
Plans

The Company has evaluated
whether there are certain conditions and events, considered in the aggregate, that raise substantial doubt about the Company’s ability
to continue as a going concern within one year after the date that the Condensed Consolidated Financial Statements are issued. Based on
its recurring losses from operations since inception and continued cash outflows from operating activities (all as described below), the
Company has concluded that there is substantial doubt about its ability to continue as a going concern for a period of one year from the
date that these Condensed Consolidated Financial Statements were issued.

The accompanying consolidated
financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of
liabilities in the normal course of business. As shown in the accompanying consolidated financial statements during the period ended March
31, 2025, the Company had net loss from continuing operations of approximately ($0.2) million and ($5.1) million for the three months
ended March 31, 2025 and 2024, respectively. The Company had total shareholders’ equity/(deficit) of ($31.4) million as of March
31, 2025 and ($33.9) million as of December 31, 2024. The Company had $0