Company: ALCE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001213900-25-105077
Chunk: 161

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 161
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    December 31,  2024 

    (in thousands) 
  
    Accrued legal 
    $500  
    $500 
  
    Accrued interest 
     1,035  
     553 
  
    Accrued audit fees 
     -  
     500 
  
    Accrued payroll 
     525  
     22 
  
    Accrued consulting fees 
     140  
     140 
  
    Accrued tax penalties 
     590  
     590 
  
    Other accrued expenses 
     -  
     66 
  
    Total 
    $2,790  
    $2,371 

10. 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:

    June 30,  
    December 31, 

    2025  
    2024 

    (in thousands) 
  
    Taxes recoverable 
    $6  
    $347 
  
    Less: Taxes payable 
     -  
     (14)
  
    Total 
    $6  
    $333 

13

11. Convertible and Non-convertible Promissory Notes

The following table reflects
the total debt balances of the Company as June 30, 2025 and December 31, 2024:

    As of June 30,  
    As of December 31, 

    2025  
    2024 

    (in thousands) 
  
    Convertible debt, secured 
    $2,773  
    $2,626 
  
    Other debt 
     7,934  
     27,718 
  
    Total debt 
     10,707  
     30,344 
  
    Less current maturities 
     (10,707) 
     (28,715)
  
    Long term debt, net of current maturities 
    $-  
    $1,629 

    Current Maturities 
    $10,707  
    $28,715 
  
    Debt discount 
     343  
     (1,239)
  
    Less net loss on issuance of convertible note & warrant