10-Q
Quarterly Report
ALTERNUS CLEAN ENERGY, INC.
ALCE
NASDAQ
CIK: 1883984
File #: 001-41306
Balance Sheet
57 line items · 2 periods
XBRL
| Item | Sep 30, 2024 | Dec 31, 2023 |
|---|---|---|
ASSETS | ||
Current Assets | ||
Cash and cash equivalents | 290,000 | 4,042,000 |
Accounts receivable, net | 21,000 | 3,000 |
Prepaid expenses and other current assets | 1,663,000 | 2,634,000 |
Taxes recoverable | 488,000 | 444,000 |
Current discontinued assets held for sale | 56,209,000 | 151,791,000 |
Total Current Assets | 58,671,000 | 158,914,000 |
Property and equipment, net | 23,819,000 | 17,539,000 |
Right of use asset | 1,095,000 | 1,134,000 |
Other receivable | 1,000,000 | 1,483,000 |
Capitalized development cost and other long-term assets, net | 7,691,000 | 6,216,000 |
Total Assets | 92,276,000 | 185,286,000 |
Europe - Fixed Assets - Assets by Segment - Continuing Operations | 30,000 | — |
Europe - Other Assets - Assets by Segment - Continuing Operations | 11,347,000 | 10,538,000 |
Europe - Assets by Segment - Continuing Operations | 11,377,000 | 10,538,000 |
United States - Fixed Assets - Assets by Segment - Continuing Operations | 6,474,000 | 5,119,000 |
United States - Other Assets - Assets by Segment - Continuing Operations | 20,681,000 | 17,839,000 |
United States - Assets by Segment - Continuing Operations | 27,155,000 | 22,958,000 |
LIABILITIES AND SHAREHOLDERS’ EQUITY (DEFICIT) | ||
Current Liabilities | ||
Accounts payable | 10,230,000 | 3,590,000 |
Accrued liabilities | 14,472,000 | 15,042,000 |
Taxes payable | 13,000 | 13,000 |
Operating lease liability | 141,000 | 128,000 |
Convertible and non-convertible promissory notes, net of debt issuance costs | 31,212,000 | 31,587,000 |
Convertible Note measured at fair value | 1,542,000 | — |
Warrant Liability | 509,000 | — |
Due to affiliate | 362,000 | — |
Current discontinued liabilities held for sale | 115,411,000 | 197,078,000 |
Italy | 324,000 | 599,000 |
Europe - Fixed Assets - Assets by Segment - Discontinued Operations | 42,574,000 | 125,600,000 |
Europe - Other Assets - Assets by Segment | 11,170,000 | 26,190,000 |
Europe - Assets by Segment - Discontinued Operations | 53,744,000 | 151,790,000 |
Europe - Debt - Liabilities by Segment - Discontinued Operations | 90,266,000 | 165,955,000 |
Europe - Other Liabilities - Liabilities by Segment - Discontinued Operations | 25,145,000 | 30,133,000 |
Europe - Liabilities by Segment - Discontinued Operations | 115,411,000 | 196,088,000 |
Total Current Liabilities | 173,892,000 | 247,438,000 |
Operating lease liability, net of current portion | 1,072,000 | 1,102,000 |
Total Liabilities | 174,964,000 | 248,540,000 |
Europe - Debt - Liabilities by Segment - Continuing Operations | 14,024,000 | 14,340,000 |
Europe - Other Liabilities - Liabilities by Segment - Continuing Operations | 10,821,000 | 9,244,000 |
Europe - Liabilities by Segment - Continuing Operations | 24,845,000 | 23,584,000 |
United States - Debt - Liabilities by Segment - Continuing Operations | 19,239,000 | 17,247,000 |
United States - Other Liabilities - Liabilities by Segment - Continuing Operations | 15,469,000 | 11,621,000 |
United States - Liabilities by Segment - Continuing Operations | 34,708,000 | 28,868,000 |
Shareholders’ Deficit | ||
Common stock, $0.0001 par value, 300,000,000 authorized as of September 30, 2024 and 150,000,000 authorized as of December 31, 2023; 3,491,523 issued and outstanding as of September 30, 2024 and 2,876,215 issued and outstanding as of December 31, 2023. | 9,000 | 7,000 |
Additional paid in capital | 30,303,000 | 27,874,000 |
Foreign currency translation reserve | (6,303,000) | (2,924,000) |
Accumulated deficit | (106,697,000) | (88,211,000) |
Total Shareholders’ Deficit | (82,688,000) | (63,254,000) |
Common Stock | 9,000 | 7,000 |
Additional Paid-In Capital | 30,303,000 | 27,874,000 |
Foreign Currency Translation Reserve | (6,303,000) | (2,924,000) |
Accumulated Deficit | (106,697,000) | (88,211,000) |
Total Liabilities and Shareholders’ Deficit | 92,276,000 | 185,286,000 |