Company: ALCE
Filing Date: 2025-06-30
Form Type: 10-Q
Source: 0001213900-25-059349
Chunk: 18

Company: Alternus Clean Energy, Inc.
Filing Date: 2025-06-30
Form: 10-Q
Item: Part I, Item 1
Chunk 18
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 518  
     518 
  
    Total 
    $3,458  
    $5,293 

Capitalized development costs
relate to various projects that are under development for the period. As the Company closes either a purchase or development of new solar
parks, these development costs are added to the final asset displayed in Property and Equipment. If the Company does not close on the
prospective project, these costs are written off to Development Cost on the Consolidated Statement Operations and Comprehensive Loss.

Capitalized development cost
as of March 31, 2025 consisted of $2.9 million of active development in the US. Capitalized development costs as of December 31, 2024
consisted of $1.2 million of active development in the US and $3.6 million across Europe.

Long-term Prepaid Expenses
consist of estimated income tax payments made by Clean Earth prior to the business combination in December 2023.

12

8. Accounts Payable

Accounts payable represents
the amounts owed to suppliers of goods and services the Company has consumed through operations. Accounts payable consist of the following:

    March 31,  
    December 31, 

    2025  
    2024 

    (in thousands) 
  
    Accounts payable 
    $10,690  
    $9,799 
  
    Total 
    $10,690  
    $9,799 

9. Accrued Liabilities

Accrued expenses relate to
various accruals for the Company. Accrued interest represents the interest on the Company’s debt that has accrued and has been unpaid
through March 31, 2025 and as of December 31, 2024. Accrued liabilities consist of the following (in thousands):

    March 31,
 2025  
    December 31, 
2024 

    (in thousands) 
  
    Accrued legal 
    $500  
    $500 
  
    Accrued interest 
     574  
     553 
  
    Accrued audit fees 
     -  
     500 
  
    Accrued payroll 
     295  
     22 
  
    Accrued consulting fees 
     140  
     140 
  
    Accrued tax penalties 
     590  
     590 
  
    Other accrued expenses 
     790