Company: ALCE
Filing Date: 2025-01-27
Form Type: S-1
Source: 0001213900-25-007054
Chunk: 257

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-01-27
Form: S-1
Chunk 257
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| Income/(Loss) before provision for income taxes                          |             | $                       |        790 |   |     | $ |        (59 | ) |
| Income taxes                                                             |             |                         |       (161 | ) |     |   |          - |   |
| Net income/(loss) from discontinued operations                           |             | $                       |        629 |   |     | $ |        (59 | ) |
| Impact of discontinued operations on EPS                                 |             |                         |            |   |     |   |            |   |
| Net income/(loss) attributable to common stockholders, basic             |             | $                       |        629 |   |     | $ |        (59 | ) |
| Net income/(loss) attributable to common stockholders, diluted           |             |                         |        629 |   |     |   |        (59 | ) |
| Net income/(loss) per share attributable to common stockholders, basic   |             | $                       |       0.01 |   |     | $ |      (0.00 | ) |
| Net income/(loss) per share attributable to common stockholders, diluted |             |                         |       0.01 |   |     |   |      (0.00 | ) |
| Weighted-average common stock outstanding, basic                         |             |                         | 57,862,598 |   |     |   | 57,500,000 |   |
| Weighted-average common stock outstanding, diluted                       |             |                         | 57,862,598 |   |     |   | 57,500,000 |   |

Immediately before the classification
of the disposal groups as discontinued operations, the recoverable amount was estimated for certain items of property, plant and equipment
and no impairment loss was identified. As of December 31, 2023, there were no further write-downs as the carrying amounts of the disposal
groups did not fall below its fair value less costs to sell.

F-34

| 21. | Italy Sale Disclosure |

In June 2023 the Company engaged
an Italian firm to market the Company’s operating assets in Italy. During the fourth quarter of 2023 a buyer was identified, and
the sale of the assets was finalized on December 28, 2023. The Company received a cash consideration of $ million for all operating
assets. In accordance with ASC 360, the Company removed the disposal group and recognized a