10-Q
Quarterly Report
ALTERNUS CLEAN ENERGY, INC.
ALCE
NASDAQ
CIK: 1883984
File #: 001-41306
Balance Sheet
51 line items · 2 periods
XBRL
| Item | Mar 31, 2024 | Dec 31, 2023 |
|---|---|---|
Current Assets | ||
Cash and cash equivalents | 1,381,000 | 4,618,000 |
Accounts receivable, net | 2,119,000 | 651,000 |
Unbilled energy incentives earned | 6,048,000 | 5,607,000 |
Prepaid expenses and other current assets | 3,023,000 | 3,344,000 |
Taxes recoverable | 683,000 | 631,000 |
Restricted cash | 841,000 | 19,161,000 |
Current discontinued assets held for sale | — | 80,943,000 |
Total Current Assets | 14,095,000 | 114,955,000 |
Property and equipment, net | 61,605,000 | 61,302,000 |
Right of use asset | 1,303,000 | 1,330,000 |
Other receivable | 1,000,000 | 1,483,000 |
Capitalized development cost and other long-term assets, net | 6,351,000 | 6,216,000 |
Total Assets | 84,354,000 | 185,286,000 |
Europe - Fixed Assets - Assets by Segment | 42,209,000 | 125,600,000 |
Europe - Other Assets - Assets by Segment | 20,735,000 | 36,728,000 |
Europe - Assets by Segment | 62,944,000 | 162,328,000 |
United States - Fixed Assets - Assets by Segment | 6,556,000 | 5,119,000 |
United States - Other Assets - Assets by Segment | 14,854,000 | 17,839,000 |
United States - Assets by Segment | 21,410,000 | 22,958,000 |
Current Liabilities | ||
Accounts payable | 10,494,000 | 5,084,000 |
Accrued liabilities | 19,032,000 | 24,410,000 |
Taxes payable | 13,000 | 14,000 |
Deferred income | 6,048,000 | 5,607,000 |
Operating lease liability | 177,000 | 175,000 |
Green bonds | 87,264,000 | 166,122,000 |
Convertible and non-convertible promissory notes, net of debt issuance costs | 30,615,000 | 31,420,000 |
Due to affiliate | 1,046,000 | — |
Current discontinued liabilities held for sale | — | 14,259,000 |
Total Current Liabilities | 154,689,000 | 247,091,000 |
Operating lease liability, net of current portion | 1,188,000 | 1,252,000 |
Asset retirement obligations | 196,000 | 197,000 |
Total Liabilities | 156,073,000 | 248,540,000 |
Europe - Debt - Liabilities by Segment | 99,686,000 | 180,294,000 |
Europe - Other Liabilities - Liabilities by Segment | 28,108,000 | 39,378,000 |
Europe - Liabilities by Segment | 127,794,000 | 219,672,000 |
United States - Debt - Liabilities by Segment | 16,582,000 | 17,247,000 |
United States - Other Liabilities - Liabilities by Segment | 11,697,000 | 11,621,000 |
United States - Liabilities by Segment | 28,279,000 | 28,868,000 |
Shareholders’ Deficit | ||
Common Stock, $0.0001 par value, 150,000,000 authorized as of March 31, 2024 and December 31, 2023; 81,396,664 issued and outstanding as of March 31, 2024 and 71,905,363 issued and outstanding as of December 31, 2023. | 8,000 | 7,000 |
Additional paid in capital | 28,223,000 | 27,874,000 |
Foreign Currency Translation Reserve | (4,156,000) | (2,924,000) |
Accumulated deficit | (95,794,000) | (88,211,000) |
Total Shareholders’ Deficit | (71,719,000) | (63,254,000) |
Common Stock | 8,000 | 7,000 |
Additional Paid-In Capital | 28,223,000 | 27,874,000 |
Foreign Currency Translation Reserve | (4,156,000) | (2,924,000) |
Accumulated Deficit | (95,794,000) | (88,211,000) |
Total Liabilities and Shareholders’ Deficit | 84,354,000 | 185,286,000 |