Company: ALCE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001213900-25-105077
Chunk: 229

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-03
Form: 10-Q
Item: Part I, Item 8
Chunk 229
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’s contracted life, as well as retained cash flows from operations and issuance of equity
securities through public markets.

The following table summarizes certain financial
measures that are not calculated and presented in accordance with U.S. GAAP, along with the most directly comparable U.S. GAAP measure,
for each period presented below. In addition to its results determined in accordance with U.S. GAAP, the Company believes the following non-U.S.
GAAP financial measures are useful in evaluating its operating performance. The Company uses the following non-U.S. GAAP financial
information, collectively, to evaluate its ongoing operations and for internal planning and forecasting purposes.

The following non-U.S. GAAP table summarizes the
total capitalization and debt as of June 30, 2025 and December 31, 2024:

    As of June 30,  
    As of December 31, 

    2025  
    2024 

    (in thousands) 
  
    Convertible debt, secured 
    $2,773  
    $2,626 
  
    Other debt 
     7,934  
     27,718 
  
    Total debt 
     10,707  
     30,344 
  
    Less current maturities 
     (10,707) 
     (28,715)
  
    Long term debt, net of current maturities 
    $-  
    $1,629 

    Current Maturities 
    $10,707  
    $28,715 
  
    Debt discount 
     343) 
     (1,239)
  
    Less net loss on issuance of convertible note & warrant 
     -  
     520 
  
    Movement in fair value 
     (732) 
     (632)
  
    Current Maturities net of debt discount 
    $10,318  
    $27,364 

    Long-term maturities 
    $-  
    $1,629 
  
    Less long-term debt discount 
     -  
     - 
  
    Long-term maturities net of debt discount 
    $-  
    $1,629 

    As of June 30,  
    As of December 31, 

    2025  
    2024 

    (in thousands) 
  
    Cash