10-Q
Quarterly Report
ALTERNUS CLEAN ENERGY, INC.
ACLEW
NONE
CIK: 1883984
File #: 001-41306
Balance Sheet
49 line items · 2 periods
XBRL
| Item | Jun 30, 2025 | Dec 31, 2024 |
|---|---|---|
Current Assets | ||
Cash and cash equivalents | 10,000 | 161,000 |
Prepaid expenses and other current assets | — | 131,000 |
Taxes recoverable | 6,000 | 347,000 |
Related Party | 1,110,000 | — |
Total Current Assets | 1,126,000 | 639,000 |
Capitalized development costs | 3,162,000 | 4,775,000 |
Intangible assets | — | 1,554,000 |
Goodwill | — | 241,000 |
Long-term prepaid expenses | 518,000 | 518,000 |
Total Assets | 4,806,000 | 7,727,000 |
Europe - Other Assets - Assets by Segment - Discontinued Operations | — | 3,959,000 |
Europe - Assets by Segment - Continuing Operations | — | 3,959,000 |
US - Other Assets - Assets by Segment - Continuing Operations | 3,678,000 | 3,768,000 |
US - Assets by Segment - Continuing Operations | 3,678,000 | 3,768,000 |
Current Liabilities | ||
Accounts payable | 6,626,000 | 9,799,000 |
Accounts Payable | 6,626,000 | 9,799,000 |
Accrued liabilities | 2,790,000 | 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 | 9,105,000 | 24,851,000 |
Convertible notes measured at fair value | 1,601,000 | 1,702,000 |
Level 3 | 1,601,000 | — |
Derivative liability - warrants | 591,000 | 811,000 |
Level 3 | 591,000 | — |
Other payables | 5,229,000 | — |
Total Current Liabilities | 25,942,000 | 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 | 25,942,000 | 41,612,000 |
Europe - Debt - Liabilities by Segment - Continuing Operations | 1,172,000 | 19,807,000 |
Europe - Other Liabilities - Liabilities by Segment - Continuing Operations | 747,000 | 1,200,000 |
Europe - Liabilities by Segment - Continuing Operations | 1,919,000 | 21,007,000 |
US - Debt - Liabilities by Segment - Continuing Operations | 10,127,000 | 9,598,000 |
US - Other Liabilities - Liabilities by Segment - Continuing Operations | 13,896,000 | 11,007,000 |
US - Liabilities by Segment - Continuing Operations | 24,023,000 | 20,605,000 |
Board of directors - Alternus Energy Group PLC | 1,100,000 | — |
Shareholders’ Deficit | ||
Preferred stock, $0.0001 par value, 1,000,000 authorized as of June 30, 2025 and December 31, 2024. 60,000 issued and outstanding as of June 30, 2025 and 0 as at December 31, 2024. | 60,000 | — |
Additional paid in capital | 43,367,000 | 35,927,000 |
Foreign currency translation reserve | (2,485,000) | (2,679,000) |
Accumulated deficit | (62,078,000) | (67,133,000) |
Total Shareholders’ Deficit | (21,136,000) | (33,885,000) |
Preferred Stock | 60,000 | — |
Additional Paid-In Capital | 43,367,000 | 35,927,000 |
Foreign Currency Translation Reserve | (2,484,000) | (2,679,000) |
Accumulated Deficit | (62,078,000) | (67,133,000) |
Total Liabilities and Shareholder’ Deficit | 4,806,000 | 7,727,000 |