Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 1824

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 5
Chunk 1824
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    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  
    2023 

    (in thousands) 
  
    Taxes recoverable 
    $347  
    $444 
  
    Less: Taxes payable 
     (14) 
     (13)
  
    Total 
    $333  
    $431 

F-29

    14.
    Convertible Debt and Non-convertible Promissory Notes

The following table reflects
the total debt balances of the Company as December 31, 2024 and 2023:

    Year Ended December 31, 

    2024  
    2023 

    (in thousands) 
  
    Convertible debt, secured 
    $2,626  
    $- 
  
    Senior Secured debt and promissory notes 
     27,718  
     32,312 
  
    Total debt 
     30,344  
     32,312 
  
    Less current maturities 
     (28,715) 
     (32,312)
  
    Long term debt, net of current maturities 
    $1,629  
    $- 

    Current Maturities 
    $28,715  
    $32,312 
  
    Less current debt