Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 5

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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2025 
     10,000  
    $60  
     10,148,354  
    $10  
    $39,098  
    $(3,215) 
    $(67,313) 
    $(31,360)

The accompanying notes are an integral part of
these consolidated financial statements.

3

ALTERNUS CLEAN ENERGY, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands, except share and per share data)

(Unaudited)

    Three Months Ended
 March 31, 

    2025  
    2024 
  
    Cash Flows from Operating Activities 

    Net income/(loss) 
    $(180) 
    $(6,579)
  
    Income/(loss) from discontinued operations, net of tax 
     -  
     (1,492)
  
    Loss from continuing operations 
    $(180) 
    $(5,087)
  
    Adjustments to reconcile loss from continuing operations to net cash provided by/(used in) operations: 

    Depreciation, amortization and accretion 
     130  
     70 
  
    Amortization of debt discount 
     1,400  
     532 
  
    Debt issuance costs capitalized 
     (145) 
     - 
  
    Stock compensation costs 
     60  
     - 
  
    Credit loss expense 
     -  
     (3)
  
    Loss on issuance of debt 
     -  
     117 
  
    Gain (loss) on foreign currency exchange rates 
     349  
     69 
  
    Fair value movement of FPA asset 
     -  
     483 
  
    Fair value movement of convertible debt 
     806  
     - 
  
    Fair value movement in warrant liability 
     (811) 
     - 
  
    Gain on extinguishment of debt 
     -  
     179 
  
    (Gain)/loss on disposal of asset 
     (3,589) 
     1,348 
  
    Non-cash operating lease assets 
     -  
     (19)
  
    Changes in assets and liabilities, net of effects of acquisitions: 

    Accounts receivable and other short-term receivables 
     -  
     (31