Company: ALCE
Filing Date: 2025-06-06
Form Type: 10-K
Source: 0001213900-25-052242
Chunk: 2194

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-06
Form: 10-K
Item: Item 7
Chunk 2194
---
     10,224 
  
    United States 
     4,540  
     1,761 
  
    Total 
     4,540  
     11,985 

    Discontinued Operations: 

    Netherlands 
     466  
     11,083 
  
    Poland 
     500  
     91,904 
  
    Romania 
     42,741  
     50,491 
  
    Total 
     43,707  
     153,478 
  
    Total for the period 
     48,247  
     165,463 

52

Consolidated Results of Operations

The following table illustrates the consolidated
results of operations for the years ended December 31, 2024 and 2023 (in thousands):

    Year Ended December 31, 

    2024  
    2023 

    Revenues 
    $311  
    $3,476 

    Operating Expenses 

    Cost of revenues 
     (364) 
     (1,301)
  
    Selling, general, and administrative 
     (11,984) 
     (4,934)
  
    Depreciation, amortization, and accretion 
     (215) 
     (1,673)
  
    Development costs 
     (748) 
     (360)
  
    Impairment of Spanish assets 
     (3,263) 
     - 
  
    Loss on disposal of assets 
     -  
     (5,501)
  
    Total operating expenses 
     (16,574) 
     (13,769)

    Loss from continuing operations 
     (16,263) 
     (10,293)

    Other income/(expense): 

    Interest expense 
     (8,774) 
     (5,634)
  
    Valuation on FPA asset 
     -  
     (16,642)
  
    Fair value movement of FPA asset 
     (483) 
     - 
  
    Fair value movement of convertible debt 
     67  
     - 
  
    Fair value movement of warrant 
     565  
     - 
  
    Net loss on issuance of debt 
     (520) 
     - 
  
    Gain on extinguishment of debt