10-K
Annual Report
Alternus Clean Energy, Inc.
ACLEW
CIK: 1883984
File #: 001-41306
Balance Sheet
55 line items · 2 periods
XBRL
| Item | Dec 31, 2025 | Dec 31, 2024 |
|---|---|---|
Current Assets | ||
Cash and cash equivalents | 32,000 | 161,000 |
Prepaid expenses and other current assets | 0 | 131,000 |
Taxes recoverable | 12,000 | 347,000 |
Total Current Assets | 44,000 | 639,000 |
Capitalized development costs | 0 | 4,775,000 |
Intangible assets, net | 37,518,000 | 1,554,000 |
UNITED STATES - Continuing Operations | 37,518,000 | 0 |
Goodwill | 18,964,000 | 241,000 |
EverOn Energy LLC | 18,964,000 | — |
UNITED STATES - Continuing Operations | 18,964,000 | 0 |
Long-term prepaid expenses | 518,000 | 518,000 |
Total Assets | 57,044,000 | 7,727,000 |
Europe - Continuing Operations | 12,000 | 3,958,000 |
UNITED STATES - Continuing Operations | 57,032,000 | 3,769,000 |
Current Liabilities | ||
Accounts Payable, Current | 6,621,000 | 9,799,000 |
Related Party | 2,712,000 | 2,712,000 |
Southern Point Capital Corporation | 4,242,963 | — |
Accrued liabilities | 3,779,000 | 2,371,000 |
Taxes payable | 0 | 14,000 |
Operating lease liability | 0 | 28,000 |
Short term convertible and non-convertible promissory notes, net of debt issuance costs | 6,161,000 | 24,851,000 |
Investor Promissory Notes | 498,000 | — |
Second Investor Promissory Note | 240,000 | — |
Third Investor Promissory Note | 144,000 | — |
Convertible note measured at fair value | 9,900,000 | 1,702,000 |
Warrant liability | 0 | 811,000 |
Other liabilities | 7,561,000 | 0 |
Related Party | 1,420,000 | — |
Total Current Liabilities | 34,022,000 | 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 | 34,022,000 | 41,612,000 |
Europe - Continuing Operations | 2,252,000 | 21,007,000 |
UNITED STATES - Continuing Operations | 31,771,000 | 20,605,000 |
Shareholders' Equity / (Deficit) | ||
Series A Preferred Stock | 60,000 | 0 |
Series B Preferred Stock | 42,920,000 | 0 |
Series C Preferred Stock | 2,831,000 | 0 |
Common stock, $0.0001 par value, 2 billoin authorized as of December 31, 2025 and 300 million authorized as of December 31, 2024; 724,658 issued and outstanding as of December 31, 2025 and 25,189 issued and outstanding as of December 31, 2024. | 0 | 0 |
Additional paid in capital | 33,712,000 | 35,927,000 |
Foreign currency translation reserve | (2,473,000) | (2,679,000) |
Accumulated deficit | (73,619,000) | (67,133,000) |
Shareholders’ Equity / (Deficit) attributable to Alternus Clean Energy Inc. | 3,431,000 | (33,885,000) |
Noncontrolling interest | 19,591,000 | 0 |
Total Shareholders' Equity / (Deficit) | 23,022,000 | (33,885,000) |
Preferred Stock | 45,811,000 | 0 |
Common Stock | 0 | 0 |
Additional Paid-in Capital | 33,712,000 | 35,927,000 |
Foreign Currency Translation Reserve | (2,473,000) | (2,679,000) |
Retained Earnings | (73,619,000) | (67,133,000) |
Parent | 3,431,000 | (33,885,000) |
Noncontrolling Interest | 19,591,000 | 0 |
Total Liabilities and Shareholders' Equity / (Deficit) | 57,044,000 | 7,727,000 |