Company: ALCE
Filing Date: 2025-11-03
Form Type: 10-Q
Source: 0001213900-25-105077
Chunk: 0

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-11-03
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 June 30,  
    As of December 31, 

    2025  
    2024 
  
    ASSETS 

    Current Assets 

    Cash and cash equivalents 
    $10  
    $161 
  
    Prepaid expenses and other current assets 
     -  
     131 
  
    Taxes recoverable 
     6  
     347 
  
    Due from related party 
     1,110  
     - 
  
    Total Current Assets 
     1,126  
     639 

    Capitalized development costs 
     3,162  
     4,775 
  
    Intangible assets 
     -  
     1,554 
  
    Goodwill 
     -  
     241 
  
    Long-term prepaid expenses 
     518  
     518 
  
    Total Assets 
    $4,806  
    $7,727 

    LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT) 

    Current Liabilities 

    Accounts payable 
    $6,626  
    $9,799 
  
    Accrued liabilities 
     2,790  
     2,371 
  
    Taxes payable 
     -  
     14 
  
    Operating lease liability 
     -  
     28 
  
    Short term convertible and non-convertible promissory notes, net of debt issuance costs 
     9,105  
     24,851 
  
    Convertible notes measured at fair value 
     1,601  
     1,702 
  
    Derivative liability - warrants 
     591  
     811 
  
    Other payables 
     5,229  
     - 
  
    Total Current Liabilities 
     25,942  
     39,576 

    Long term convertible and non-convertible promissory notes, net of debt issuance costs 
     -  
     1,629 
  
    Operating lease liability, net of current portion 
     -  
     407