10-Q
Quarterly Report
Alternus Clean Energy, Inc.
ACLEW
CIK: 1883984
File #: 001-41306
Balance Sheet
51 line items · 2 periods
XBRL
| Item | Sep 30, 2025 | Dec 31, 2024 |
|---|---|---|
Current Assets | ||
Cash and cash equivalents | 39,000 | 161,000 |
Prepaid expenses and other current assets | 0 | 131,000 |
Taxes recoverable | 9,000 | 347,000 |
Total Current Assets | 48,000 | 639,000 |
Capitalized costs | 0 | 4,775,000 |
Intangible assets | 37,980,000 | 1,554,000 |
Goodwill | 18,964,000 | 241,000 |
EverOn Energy LLC | 18,964,000 | — |
Long-term prepaid expenses | 518,000 | 518,000 |
Total Assets | 57,510,000 | 7,727,000 |
Europe - Continuing Operations | 26,199,000 | 3,959,000 |
UNITED STATES - Continuing Operations | 31,311,000 | 3,768,000 |
Current Liabilities | ||
Accounts Payable, Current | 8,445,000 | 9,799,000 |
Southern Point Capital Corporation | 4,242,963 | — |
Accrued liabilities | 3,262,000 | 2,371,000 |
Taxes payable | 0 | 14,000 |
Operating lease liability | 0 | 28,000 |
Convertible notes measured at fair value | 8,813,000 | 1,702,000 |
Short term convertible and non-convertible promissory notes, net of debt issuance costs | 7,908,000 | 24,851,000 |
Investor Promissory Notes | 498,000 | — |
Second Investor Promissory Note | 240,000 | — |
Third Investor Promissory Note | 144,000 | — |
Derivative liability - warrants | 1,268,000 | 811,000 |
Other payables | 5,188,000 | 0 |
Sunrise Development LLC | 5,200,000 | — |
Total Current Liabilities | 34,884,000 | 39,576,000 |
Long term convertible and non-convertible promissory notes, net of debt issuance costs | 0 | 1,629,000 |
Operating lease liability, net of current portion | 0 | 407,000 |
Total Liabilities | 34,884,000 | 41,612,000 |
Europe - Continuing Operations | 2,040,000 | 21,007,000 |
UNITED STATES - Continuing Operations | 32,845,000 | 20,605,000 |
Shareholders’ Deficit | ||
Series A Preferred Stock | 60,000 | 0 |
Series B Preferred Stock | 32,278,000 | 0 |
Common stock, $0.0001 par value, 600,000,000 authorized as of September 30, 2025 and 300,000,000 authorized as of December 31, 2024; 690,283 issued and outstanding as of September 30, 2025 and 25,189 issued and outstanding as of December 31, 2024. | 0 | 0 |
Additional paid in capital | 44,289,000 | 35,927,000 |
Foreign currency translation reserve | (2,585,000) | (2,679,000) |
Accumulated deficit | (71,827,000) | (67,133,000) |
Shareholders’ Equity (Deficit) attributable to parent | 2,215,000 | (33,885,000) |
Noncontrolling interest | 20,411,000 | 0 |
Total Shareholders’ Equity (Deficit) | 22,626,000 | (33,885,000) |
Preferred Stock | 32,338,000 | 0 |
Common Stock | 0 | 0 |
Additional Paid-in Capital | 44,289,000 | 35,927,000 |
Foreign Currency Translation Reserve | (2,585,000) | (2,679,000) |
Retained Earnings | (71,827,000) | (67,133,000) |
Parent | 2,215,000 | (33,885,000) |
Noncontrolling Interest | 20,411,000 | 0 |
Total Liabilities and Shareholder’ Equity (Deficit) | 57,510,000 | 7,727,000 |