10-Q
Quarterly Report
ALTERNUS CLEAN ENERGY, INC.
ACLEW
NONE
CIK: 1883984
File #: 001-41306
Balance Sheet
51 line items · 2 periods
XBRL
| Item | Mar 31, 2025 | Dec 31, 2024 |
|---|---|---|
Current Assets | ||
Cash and cash equivalents | 81,000 | 161,000 |
Prepaid expenses and other current assets | 133,000 | 131,000 |
Taxes recoverable | — | 347,000 |
Current assets held for sale | 4,044,000 | — |
Total Current Assets | 4,258,000 | 639,000 |
Capitalized development costs | 2,940,000 | 4,775,000 |
Intangible assets | 1,424,000 | 1,554,000 |
Goodwill | 241,000 | 241,000 |
Long-term prepaid expenses | 518,000 | 518,000 |
Total Assets | 9,381,000 | 7,727,000 |
Europe - Other Assets - Assets by Segment - Discontinued Operations | 4,074,000 | 3,959,000 |
Europe - Assets by Segment - Continuing Operations | 4,074,000 | 3,959,000 |
US - Other Assets - Assets by Segment - Continuing Operations | 5,307,000 | 3,769,000 |
US - Assets by Segment - Continuing Operations | 5,307,000 | 3,769,000 |
Current Liabilities | ||
Accounts payable | 10,690,000 | 9,799,000 |
Accounts Payable | 10,690,000 | 9,799,000 |
Accrued liabilities | 2,889,000 | 2,371,000 |
Taxes payable | — | 14,000 |
Operating lease liability | — | 28,000 |
Short term convertible and non-convertible promissory notes, net of debt issuance costs | 9,141,000 | 24,851,000 |
Convertible notes measured at fair value | 450,000 | 1,702,000 |
Level 3 | 450,000 | — |
Warrant liability | — | 811,000 |
Due to affiliate | 297,000 | — |
Current liabilities held for sale | 17,274,000 | — |
Total Current Liabilities | 40,741,000 | 39,576,000 |
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 |
Total Liabilities | 40,741,000 | 41,612,000 |
Europe - Debt - Liabilities by Segment - Continuing Operations | 17,714,000 | 19,807,000 |
Europe - Other Liabilities - Liabilities by Segment - Continuing Operations | 1,196,000 | 1,200,000 |
Europe - Liabilities by Segment - Continuing Operations | 18,910,000 | 21,007,000 |
US - Debt - Liabilities by Segment - Continuing Operations | 9,591,000 | 9,598,000 |
US - Other Liabilities - Liabilities by Segment - Continuing Operations | 12,240,000 | 11,007,000 |
US - Liabilities by Segment - Continuing Operations | 21,831,000 | 20,605,000 |
Board of directors - Alternus Energy Group PLC | 300,000 | — |
Shareholders’ Deficit | ||
Preferred stock, $0.0001 par value, 1,000,000 authorized as of March 31, 2025 and December 31, 2024. 10,000 issued and outstanding as of March 31, 2025 and 0 as at December 31, 2024. | 60,000 | — |
Common stock, $0.0001 par value, 300,000,000 authorized as of March 31, 2025 and as of December 31, 2024; 10,148,354 issued and outstanding as of March 31, 2025 and 5,037,826 issued and outstanding as of December 31, 2024. | 10,000 | 10,000 |
Additional paid in capital | 39,098,000 | 35,917,000 |
Foreign currency translation reserve | (3,215,000) | (2,679,000) |
Accumulated deficit | (67,313,000) | (67,133,000) |
Total Shareholders’ Deficit | (31,360,000) | (33,885,000) |
Preferred Stock | 60,000 | — |
Common Stock | 10,000 | 10,000 |
Additional Paid-In Capital | 39,098,000 | 35,917,000 |
Foreign Currency Translation Reserve | (3,215,000) | (2,679,000) |
Accumulated Deficit | (67,313,000) | (67,133,000) |
Total Liabilities and Shareholder’ Deficit | 9,381,000 | 7,727,000 |