10-K
Annual Report
ALTERNUS CLEAN ENERGY, INC.
ALCE
NASDAQ
CIK: 1883984
File #: 001-41306
Balance Sheet
57 line items · 2 periods
XBRL
| Item | Dec 31, 2023 | Dec 31, 2022 |
|---|---|---|
Current Assets | ||
Cash and cash equivalents | 4,618,000 | 705,000 |
Accounts receivable, net | 651,000 | 3,335,000 |
Unbilled energy incentives earned | 5,607,000 | 4,954,000 |
Prepaid expenses and other current assets | 3,344,000 | 1,482,000 |
Taxes recoverable | 631,000 | 1,388,000 |
Restricted Cash | 19,161,000 | — |
Current discontinued assets held for sale | 80,943,000 | — |
Poland | 130,000 | — |
Netherlands | 7,000 | — |
Total Current Assets | 114,955,000 | 11,864,000 |
Property and equipment, net | 61,302,000 | 68,953,000 |
Right of use asset | 1,330,000 | 1,004,000 |
Restricted cash | — | 6,598,000 |
Other receivable | 1,483,000 | — |
Capitalized development cost and other long-term assets, net | 6,216,000 | 2,146,000 |
Non-current discontinued assets held for sale | — | 87,750,000 |
Total Assets | 185,286,000 | 178,315,000 |
European countries - Fixed Assets - Assets by Segment | 125,600,000 | 141,862,000 |
European countries - Other Assets - Assets by Segment | 36,728,000 | 31,218,000 |
European countries - Assets by Segment | 162,328,000 | 173,080,000 |
United states - Fixed Assets - Assets by Segment | 5,119,000 | 599,000 |
United states - Other Assets - Assets by Segment | 17,839,000 | 4,636,000 |
United states - Assets by Segment | 22,958,000 | 5,235,000 |
Current Liabilities | ||
Accounts payable | 5,084,000 | 1,138,000 |
Accrued liabilities | 24,410,000 | 3,471,000 |
Taxes payable | 14,000 | 616,000 |
Deferred income | 5,607,000 | 4,954,000 |
Operating lease liability | 175,000 | 75,000 |
Green bonds | 166,122,000 | — |
Convertible and non-convertible promissory notes, net of debt issuance costs | 31,420,000 | — |
Current discontinued liabilities held for sale | 14,259,000 | — |
Total Current Liabilities | 247,091,000 | 10,254,000 |
Green bonds | — | 149,481,000 |
Convertible and non-convertible promissory notes, net of debt issuance costs | — | 9,214,000 |
Operating lease liability, net of current portion | 1,252,000 | 960,000 |
Asset retirement obligations | 197,000 | 397,000 |
Non-current discontinued liabilities held for sale | — | 10,591,000 |
Total Liabilities | 248,540,000 | 180,897,000 |
European countries - Debt - Liabilities by Segment | 180,294,000 | 155,896,000 |
European countries - Other Liabilities - Liabilities by Segment | 39,378,000 | 19,221,000 |
European countries - Liabilities by Segment | 219,672,000 | 175,117,000 |
United states - Debt - Liabilities by Segment | 17,247,000 | 2,793,000 |
United states - Other Liabilities - Liabilities by Segment | 11,621,000 | 2,987,000 |
United states - Liabilities by Segment | 28,868,000 | 5,780,000 |
Shareholders’ Deficit | ||
Common Stock, $0.0001 par value, 150,000,000 authorized as of December 31, 2023; 71,905,363 issued and outstanding as of December 31, 2023 and 57,500,000 issued and outstanding as of December 31, 2022. | 7,000 | 6,000 |
Additional paid in capital | 27,874,000 | 19,797,000 |
Foreign Currency Translation Reserve | (2,924,000) | (3,638,000) |
Accumulated deficit | (88,211,000) | (18,747,000) |
Total Shareholders’ Deficit | (63,254,000) | (2,582,000) |
Common Stock | 7,000 | 6,000 |
Additional Paid-In Capital | 27,874,000 | 19,797,000 |
Foreign Currency Translation Reserve | (2,924,000) | (3,638,000) |
Accumulated Deficit | (88,211,000) | (18,747,000) |
Total Liabilities and Shareholder’ Deficit | 185,286,000 | 178,315,000 |