10-K
Annual Report
ALTERNUS CLEAN ENERGY, INC.
ACLEW
NONE
CIK: 1883984
File #: 001-41306
Balance Sheet
59 line items · 2 periods
XBRL
| Item | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|
Current Assets | ||
Cash and cash equivalents | 161,000 | 4,042,000 |
Accounts receivable, net | — | 3,000 |
Accounts Receivable | — | 3,000 |
Prepaid expenses and other current assets | 131,000 | 2,634,000 |
Taxes recoverable | 347,000 | 444,000 |
Current discontinued assets held for sale | — | 151,791,000 |
Total Current Assets | 639,000 | 158,914,000 |
Property and equipment, net | — | 17,539,000 |
Right of use asset | — | 1,134,000 |
Other receivable | — | 1,483,000 |
Capitalized development costs | 4,775,000 | 6,216,000 |
Intangible assets | 1,554,000 | — |
Goodwill | 241,000 | — |
Long-term prepaid expenses | 518,000 | — |
Total Assets | 7,727,000 | 185,286,000 |
Europe - Other Assets - Assets by Segment - Continuing Operations | 3,958,000 | 10,538,000 |
Europe - Assets by Segment - Continuing Operations | 3,958,000 | 10,538,000 |
United States - Fixed Assets - Assets by Segment - Continuing Operations | — | 5,119,000 |
United States - Other Assets - Assets by Segment - Continuing Operations | 3,769,000 | 17,839,000 |
United States - Assets by Segment - Continuing Operations | 7,727,000 | 22,958,000 |
Current Liabilities | ||
Accounts payable | 9,799,000 | 3,590,000 |
Accounts Payable | 9,799,000 | 3,590,000 |
Accrued liabilities | 2,371,000 | 15,042,000 |
Taxes payable | 14,000 | 13,000 |
Operating lease liability | 28,000 | 128,000 |
Short term convertible and non-convertible promissory notes, net of debt issuance costs | 24,851,000 | 31,587,000 |
Convertible note measured at fair value | 1,702,000 | — |
Warrant liability | 811,000 | — |
Level 3 | 811,000 | — |
Current discontinued liabilities held for sale | — | 197,078,000 |
Europe - Fixed Assets - Assets by Segment - Discontinued Operations | — | 125,600,000 |
Europe - Other Assets - Assets by Segment - Discontinued Operations | — | 26,190,000 |
Europe - Assets by Segment - Discontinued Operations | — | 151,790,000 |
Europe - Debt - Liabilities by Segment - Discontinued Operations | — | 165,955,000 |
Europe - Other Liabilities - Liabilities by Segment - Discontinued Operations | — | 30,133,000 |
Europe - Liabilities by Segment - Discontinued Operations | — | 196,088,000 |
Total Current Liabilities | 39,576,000 | 247,438,000 |
Long term convertible and non-convertible promissory notes, net of debt issuance costs | 1,629,000 | — |
Operating lease liability, net of current portion | 407,000 | 1,102,000 |
Total Liabilities | 41,612,000 | 248,540,000 |
Europe - Debt - Liabilities by Segment - Continuing Operations | 19,807,000 | 14,340,000 |
Europe - Other Liabilities - Liabilities by Segment - Continuing Operations | 1,200,000 | 9,244,000 |
Europe - Liabilities by Segment - Continuing Operations | 21,007,000 | 23,584,000 |
United States - Debt - Liabilities by Segment - Continuing Operations | 9,598,000 | 17,247,000 |
United States - Other Liabilities - Liabilities by Segment - Continuing Operations | 11,007,000 | 11,621,000 |
United States - Liabilities by Segment - Continuing Operations | 20,605,000 | 28,868,000 |
Shareholders’ Deficit | ||
Common stock, $0.0001 par value, 300,000,000 authorized as of December 31, 2024 and 150,000,000 authorized as of December 31, 2023; 5,037,826 issued and outstanding as of December 31, 2024 and 2,876,215 issued and outstanding as of December 31, 2023. | 10,000 | 7,000 |
Additional paid in capital | 35,917,000 | 27,874,000 |
Foreign currency translation reserve | (2,679,000) | (2,924,000) |
Accumulated deficit | (67,133,000) | (88,211,000) |
Total Shareholders’ Deficit | (33,885,000) | (63,254,000) |
Common Stock | 10,000 | 7,000 |
Additional Paid-In Capital | 35,917,000 | 27,874,000 |
Foreign Currency Translation Reserve | (2,679,000) | (2,924,000) |
Accumulated Deficit | (67,133,000) | (88,211,000) |
Total Liabilities and Shareholder’ Deficit | 7,727,000 | 185,286,000 |