Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 0

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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ITEM 1. FINANCIAL STATEMENTS

ALTERNUS CLEAN ENERGY, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(in thousands, except share and per share data)

(Unaudited)

    As of March 31,  
    As of December 31, 

    2025  
    2024 
  
    ASSETS 

    Current Assets 

    Cash and cash equivalents 
    $81  
    $161 
  
    Prepaid expenses and other current assets 
     133  
     131 
  
    Taxes recoverable 
     -  
     347 
  
    Current assets held for sale 
     4,044  
     - 
  
    Total Current Assets 
     4,258  
     639 

    Capitalized development costs 
     2,940  
     4,775 
  
    Intangible assets 
     1,424  
     1,554 
  
    Goodwill 
     241  
     241 
  
    Long-term prepaid expenses 
     518  
     518 
  
    Total Assets 
    $9,381  
    $7,727 

    LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT) 

    Current Liabilities 

    Accounts payable 
    $10,690  
    $9,799 
  
    Accrued liabilities 
     2,889  
     2,371 
  
    Taxes payable 
     -  
     14 
  
    Operating lease liability 
     -  
     28 
  
    Short term convertible and non-convertible promissory notes, net of debt issuance costs 
     9,141  
     24,851 
  
    Convertible notes measured at fair value 
     450  
     1,702 
  
    Warrant liability 
     -  
     811 
  
    Due to affiliate 
     297  
     - 
  
    Current liabilities held for sale 
     17,274  
     - 
  
    Total Current Liabilities 
     40,741  
     39,576 

    Long term convertible and non-convertible promissory notes, net of debt issuance costs 
     -  
     1,629 
  
    Operating lease