Blink Charging (BLNK) 10-Q 9 Aug 23 2023 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2023	Aug. 07, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	001-38392
Entity Registrant Name	BLINK CHARGING CO.
Entity Central Index Key	0001429764
Entity Tax Identification Number	03-0608147
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	605 Lincoln Road
Entity Address, Address Line Two	5th Floor
Entity Address, City or Town	Miami Beach
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33139-3024
City Area Code	(305)
Local Phone Number	521-0200
Title of 12(b) Security	Common Stock
Trading Symbol	BLNK
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		63,991,314

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 74,464	$ 36,562
Accounts receivable, net	43,443	23,581
Inventory, net	45,361	34,740
Prepaid expenses and other current assets	5,759	4,399
Total Current Assets	169,027	99,282
Restricted cash	76	71
Property and equipment, net	31,236	25,862
Operating lease right-of-use asset	8,163	4,174
Intangible assets, net	27,033	26,582
Goodwill	232,220	203,710
Other assets	686	2,861
Total Assets	468,441	362,542
Current Liabilities:
Accounts payable	30,066	24,585
Accrued expenses and other current liabilities	17,809	13,109
Notes payable	4,795	10
Current portion of operating lease liabilities	2,015	1,738
Current portion of financing lease liabilities	1,180	306
Current portion of deferred revenue	12,678	10,572
Total Current Liabilities	68,543	50,320
Contingent consideration	1,357	1,316
Consideration payable	60,749	40,608
Operating lease liabilities, non-current portion	7,035	3,030
Financing lease liabilities, non-current portion	889	408
Other liabilities	386	645
Deferred revenue, non-current portion	8,924	5,258
Total Liabilities	147,883	101,585
Commitments and contingencies (Note 7)
Stockholders’ Equity:
Common stock, $0.001 par value, 500,000,000 shares authorized, 63,994,317 and 51,476,445 shares issued and outstanding as of June 30, 2023 and December 31, 2022, respectively	64	51
Additional paid-in capital	728,558	597,982
Accumulated other comprehensive loss	(2,751)	(3,046)
Accumulated deficit	(405,313)	(334,030)
Total Stockholders’ Equity	320,558	260,957
Total Liabilities and Stockholders’ Equity	$ 468,441	$ 362,542

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	63,994,317	51,476,445
Common stock, shares outstanding	63,994,317	51,476,445

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Revenues:
Total Revenues	$ 32,842	$ 11,486	$ 54,510	$ 21,286
Cost of Revenues:
Total Cost of Revenues	20,551	9,529	37,676	17,743
Gross Profit	12,291	1,957	16,834	3,543
Operating Expenses:
Compensation	37,990	10,779	60,699	20,038
General and administrative expenses	9,449	9,002	17,927	13,429
Other operating expenses	4,916	4,138	9,111	7,080
Total Operating Expenses	52,355	23,919	87,737	40,547
Loss From Operations	(40,064)	(21,962)	(70,903)	(37,004)
Other Income (Expense):
Interest expense	(786)	(139)	(1,403)	(139)
(Loss) gain on foreign exchange	(1,026)	(244)	781	(241)
Change in fair value of derivative and other accrued liabilities		(73)	10	(73)
Other income (expense), net	600	(203)	650	(307)
Total Other Income (Expense)	(1,212)	(659)	38	(760)
Loss Before Income Taxes	(41,276)	(22,621)	(70,865)	(37,764)
Provision for income taxes	(206)		(418)
Net Loss	$ (41,482)	$ (22,621)	$ (71,283)	$ (37,764)
Net Loss Per Share:
Basic	$ (0.67)	$ (0.52)	$ (1.20)	$ (0.88)
Diluted	$ (0.67)	$ (0.52)	$ (1.20)	$ (0.88)
Weighted Average Number of Common Shares Outstanding:
Basic	61,882,330	43,509,693	59,176,129	42,973,758
Diluted	61,882,330	43,509,693	59,176,129	42,973,758
Product [Member]
Revenues:
Total Revenues	$ 24,587	$ 8,828	$ 40,976	$ 16,880
Cost of Revenues:
Total Cost of Revenues	13,159	6,369	24,890	12,471
Service [Member]
Revenues:
Total Revenues	4,367	1,494	7,252	2,601
Cost of Revenues:
Total Cost of Revenues	743	351	1,630	534
Network [Member]
Revenues:
Total Revenues	1,667	472	3,295	633
Cost of Revenues:
Total Cost of Revenues	495	182	932	416
Warranty [Member]
Revenues:
Total Revenues	921	99	1,314	166
Grant and Rebate [Member]
Revenues:
Total Revenues	188	125	237	200
Car Sharing Services [Member]
Revenues:
Total Revenues	957	279	1,209	518
Cost of Revenues:
Total Cost of Revenues	1,594	659	2,231	1,085
Other [Member]
Revenues:
Total Revenues	155	189	227	288
Host Provider Fees [Member]
Cost of Revenues:
Total Cost of Revenues	2,239	821	3,886	1,372
Warranty and Repairs and Maintenance [Member]
Cost of Revenues:
Total Cost of Revenues	1,415	523	2,363	634
Depreciation and Amortization [Member]
Cost of Revenues:
Total Cost of Revenues	$ 906	$ 624	$ 1,744	$ 1,231

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Income Statement [Abstract]
Net Loss	$ (41,482)	$ (22,621)	$ (71,283)	$ (37,764)
Other Comprehensive Income (Loss):
Cumulative translation adjustments	1,145	(2,272)	295	(2,878)
Total Comprehensive Loss	$ (40,337)	$ (24,893)	$ (70,988)	$ (40,642)

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands		Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2021		$ 42	$ 458,046	$ (1,784)	$ (242,470)	$ 213,834
Balance, shares at Dec. 31, 2021		42,423,514
Common stock issued upon exercise of warrants			69			69
Common stock issued upon exercise of warrants, shares		16,811
Stock-based compensation		$ 1	1,932			1,933
Stock-based compensation, shares		144,497
Other comprehensive loss				(606)		(606)
Net loss					(15,143)	(15,143)
Balance at Mar. 31, 2022		$ 43	460,047	(2,390)	(257,613)	200,087
Balance, shares at Mar. 31, 2022		42,584,822
Balance at Dec. 31, 2021		$ 42	458,046	(1,784)	(242,470)	213,834
Balance, shares at Dec. 31, 2021		42,423,514
Net loss						(37,764)
Balance at Jun. 30, 2022		$ 50	577,438	(4,662)	(280,234)	292,592
Balance, shares at Jun. 30, 2022		50,201,686
Balance at Mar. 31, 2022		$ 43	460,047	(2,390)	(257,613)	200,087
Balance, shares at Mar. 31, 2022		42,584,822
Common stock issued upon exercise of warrants			13			13
Common stock issued upon exercise of warrants, shares		3,131
Stock-based compensation			686			686
Other comprehensive loss				(2,272)		(2,272)
Net loss					(22,621)	(22,621)
Common stock issued as purchase consideration of SemaConnect		$ 7	113,830			113,837
Common stock issued as purchase consideration of SemaConnect, shares		7,454,975
Common stock issued as purchase consideration of Electric Blue			2,852			2,852
Common stock issued as purchase consideration of Electric Blue, shares		152,803
Common stock issued upon exercise of options			10			10
Common stock issued upon exercise of options, shares		5,955
Balance at Jun. 30, 2022		$ 50	577,438	(4,662)	(280,234)	292,592
Balance, shares at Jun. 30, 2022		50,201,686
Balance at Dec. 31, 2022		$ 51	597,982	(3,046)	(334,030)	260,957
Balance, shares at Dec. 31, 2022		51,476,445
Common stock issued in public offering, net of issuance costs	[1]	$ 8	94,758			94,766
Common stock issued in public offering, net of issuance costs, shares	[1]	8,333,333
Common stock issued upon exercise of warrants		$ 1	834			835
Common stock issued upon exercise of warrants, shares		557,733
Stock-based compensation			7,757			7,757
Stock-based compensation, shares		5,866
Other comprehensive loss				(850)		(850)
Net loss					(29,801)	(29,801)
Balance at Mar. 31, 2023		$ 60	701,331	(3,896)	(363,831)	333,664
Balance, shares at Mar. 31, 2023		60,373,377
Balance at Dec. 31, 2022		$ 51	597,982	(3,046)	(334,030)	260,957
Balance, shares at Dec. 31, 2022		51,476,445
Net loss						(71,283)
Common stock issued upon cashless exercise of options and warrants, shares		393,240
Balance at Jun. 30, 2023		$ 64	728,558	(2,751)	(405,313)	320,558
Balance, shares at Jun. 30, 2023		63,994,317
Balance at Mar. 31, 2023		$ 60	701,331	(3,896)	(363,831)	333,664
Balance, shares at Mar. 31, 2023		60,373,377
Common stock issued in public offering, net of issuance costs	[2]	$ 4	18,484			18,488
Common stock issued in public offering, net of issuance costs, shares	[2]	2,842,687
Stock-based compensation			8,708			8,708
Stock-based compensation, shares		376,778
Other comprehensive loss				1,145		1,145
Net loss					(41,482)	(41,482)
Reclassification of common stock liability to equity			35			35
Reclassification of common stock liability to equity, shares		8,235
Common stock issued upon cashless exercise of options and warrants
Common stock issued upon cashless exercise of options and warrants, shares		393,240
Balance at Jun. 30, 2023		$ 64	$ 728,558	$ (2,751)	$ (405,313)	$ 320,558
Balance, shares at Jun. 30, 2023		63,994,317
[1]Includes gross proceeds of $ 100,000 5,234 18,868 380

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Changes in Stockholders' Equity (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Proceeds from public offering, gross	$ 18,868	$ 100,000
Stock issuance costs	$ 380	$ 5,234

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2023	Jun. 30, 2022
Cash Flows From Operating Activities:
Net loss		$ (71,283)	$ (37,764)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		6,825	3,393
Non-cash lease expense		833	215
Change in fair value of contingent consideration		41	73
Loss on disposal of fixed assets		33
Change in fair value of derivative and other accrued liabilities		10
Provision for bad debt		1,318	798
Provision for slow moving and obsolete inventory		65	161
Stock-based compensation:
Common stock		10,500	962
Options		3,857	2,027
Warrants		5,082
Changes in operating assets and liabilities:
Accounts receivable and other receivables		(20,630)	(2,728)
Inventory		(11,855)	(8,105)
Prepaid expenses and other current assets		(1,073)	4,270
Other assets		898	(1,339)
Accounts payable and accrued expenses		7,379	4,491
Other liabilities		(258)	50
Lease liabilities		(2,232)	(146)
Deferred revenue		5,450	2,656
Total Adjustments		6,243	6,778
Net Cash Used In Operating Activities		(65,040)	(30,986)
Cash Flows From Investing Activities:
Purchase consideration of Envoy, net of cash acquired		(4,660)
Purchase consideration of SemaConnect, net of cash acquired			(38,338)
Purchase consideration of Electric Blue, net of cash acquired			(11,360)
Capitalization of engineering costs		(526)	(288)
Purchases of property and equipment		(5,647)	(2,247)
Net Cash Used In Investing Activities		(10,833)	(52,233)
Cash Flows From Financing Activities:
Proceeds from sale of common stock in public offering, net	[1]	113,254
Proceeds from exercise of options and warrants		835	92
Repayment of financing liability in connection with finance lease		(1,443)	(71)
Payment of financing liability in connection with internal use software		(220)	(235)
Net Cash Provided By (Used In) Financing Activities		112,426	(214)
Effect of Exchange Rate Changes on Cash and Cash Equivalents		1,354	(2,350)
Net Increase (Decrease) In Cash and Cash Equivalents and Restricted Cash		37,907	(85,783)
Cash and Cash Equivalents and Restricted Cash - Beginning of Period		36,633	175,049
Cash and Cash Equivalents and Restricted Cash - End of Period		74,540	89,266
Cash and cash equivalents and restricted cash consisted of the following:
Cash and cash equivalents		74,464	85,136
Restricted cash		76	4,130
Total Cash and cash equivalents and restricted cash		74,540	89,266
Cash paid during the period for:
Interest
Income taxes			20
Non-cash investing and financing activities:
Common stock issued as purchase consideration of SemaConnect			113,837
Common stock issued as purchase consideration of Electric Blue			2,852
Right-of-use assets obtained in exchange for lease obligations		4,765	258
Property and equipment obtained in exchange for finance lease obligations		2,798	931
Intangible assets obtained in exchange for financing liability		122	660
Transfer of inventory to property and equipment		(1,241)	(2,024)
Note receivable applied to purchase consideration of Envoy		$ (1,321)
[1]Includes gross proceeds of $ 118,868 5,614

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Statement of Cash Flows [Abstract]
Proceeds from public offering, gross	$ 118,868
Offering proceeds cost	$ 5,614

BUSINESS ORGANIZATION, NATURE O

BUSINESS ORGANIZATION, NATURE OF OPERATIONS, AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS ORGANIZATION, NATURE OF OPERATIONS, AND BASIS OF PRESENTATION	1. BUSINESS ORGANIZATION, NATURE OF OPERATIONS, AND BASIS OF PRESENTATION Organization and Operations Blink Charging Co., through its wholly-owned subsidiaries (collectively, the “Company” or “Blink”), is a leading owner, operator, and provider of electric vehicle (“EV”) charging equipment and networked EV charging services. Blink offers residential and commercial EV charging equipment, enabling EV drivers to recharge at various location types. Blink’s principal line of products and services is its Blink EV charging networks (the “Blink Networks”) and Blink EV charging equipment, also known as electric vehicle supply equipment (“EVSE”) and other EV-related services. The Blink Networks provide property owners, managers, parking companies, and state and municipal entities (“Property Partners”) with cloud-based services that enable the remote monitoring and management of EV charging stations. The Blink Networks also provide EV drivers with vital station information, including station location, availability and fees. Blink also operates a car-sharing program through Blink’s wholly owned subsidiary, Blink Mobility, LLC which allows customers the ability to rent electric vehicles through a subscription service. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and disclosures required by U.S. GAAP for complete financial statements. In the opinion of management, such statements include all adjustments (consisting only of normal recurring items) which are considered necessary for a fair presentation of the condensed consolidated financial statements of the Company as of June 30, 2023 and for the six months then ended. The results of operations for the three and six months ended June 30, 2023 are not necessarily indicative of the operating results for the full year ending December 31, 2023 or any other period. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related disclosures of the Company as of December 31, 2022 and for the year then ended, which were filed with the Securities and Exchange Commission (“SEC”) on March 14, 2023 as part of the Company’s Annual Report on Form 10-K.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Since the Annual Report for the year ended December 31, 2022, there have been no material changes to the Company’s significant accounting policies, except as disclosed in this note. FOREIGN CURRENCY TRANSLATION The Company’s reporting currency is the United States dollar. The functional currency of certain subsidiaries is the Euro, Indian Rupee, and Pound Sterling. Assets and liabilities are translated based on the exchange rates at the balance sheet date ( 1.0846 0.1219 1.2634 1.0763 0.0122 1.2538 expense accounts are translated at the weighted average exchange rate for the period ( 1.0554 for the Euro, 0.0127 for the Indian Rupee, and 1.2281 for the Pound Sterling) (1,026) 781 244 241 REVENUE RECOGNITION The Company recognizes revenue primarily from four different types of contracts: ● Product sales ● Charging service revenue – company-owned charging stations ● Network fees and other ● Other BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED REVENUE RECOGNITION - CONTINUED The following table summarizes revenue recognized in the condensed consolidated statements of operations: SCHEDULE OF REVENUE RECOGNITION BY CONTRACT 2023 2022 2023 2022 For The Three Months Ended For The Six Months Ended June 30, June 30, 2023 2022 2023 2022 Revenues - Recognized at a Point in Time Product sales $ 24,587 $ 8,828 $ 40,976 $ 16,880 Charging service revenue - company-owned charging stations 4,367 1,494 7,252 2,601 Other 155 189 227 288 Total Revenues - Recognized at a Point in Time 29,109 10,511 48,455 19,769 Revenues - Recognized Over a Period of Time: Network and other fees 2,588 571 4,609 799 Total Revenues - Recognized Over a Period of Time 2,588 571 4,609 799 Revenues- Other Car-sharing services 957 279 1,209 518 Grant and rebate 188 125 237 200 Total Revenues - Other 1,145 404 1,446 718 Total Revenue $ 32,842 $ 11,486 $ 54,510 $ 21,286 The following table summarizes our revenue recognized in the condensed consolidated statements of operations by geographical area: SCHEDULE OF REVENUE RECOGNITION BY GEOGRAPHICAL AREA 2023 2022 2023 2022 For The Three Months Ended For The Six Months Ended June 30, June 30, 2023 2022 2023 2022 Revenues by Geographical Area U.S.A $ 24,435 $ 7,323 $ 37,610 $ 13,179 International 8,407 4,163 16,900 8,107 Total Revenue $ 32,842 $ 11,486 $ 54,510 $ 21,286 The timing of the Company’s revenue recognition may differ from the timing of payment by its customers. A receivable is recorded when revenue is recognized prior to payment and the Company has an unconditional right to payment. Alternatively, when payment precedes the provision of the related goods or services, the Company records deferred revenue until the performance obligations are satisfied. As of June 30, 2023, the Company had $ 21,602 12,678 During the three and six months ended June 30, 2023, the Company recognized $ 572 1,007 no Grants, rebates and alternative fuel credits, which are not within the scope of ASC 606, pertaining to revenues and periodic expenses are recognized as income when the related revenue and/or periodic expense are recorded. Grants and rebates related to EV charging stations and their installation are deferred and amortized in a manner consistent with the related depreciation expense of the related asset over their useful lives over the useful life of the charging station. During the three months ended June 30, 2023 and 2022, the Company recorded $ 188 125 237 200 52 51 103 117 Furthermore, car-sharing services, which are not within scope of ASC 606, pertain to revenues and expenses related to a car-sharing services agreement with the City of Los Angeles which allows customers the ability to rent electric vehicles through a subscription service. The Company recognizes revenue over the contractual period of performance of the subscription which are short term in nature. During the three months ended June 30, 2023 and 2022, the Company recognized $ 957 279 1,209 518 BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED CONCENTRATIONS During the three months ended June 30, 2023 and 2022, sales to a significant customer represented 0 10 14 13 19 16 NET LOSS PER COMMON SHARE Basic net loss per common share is computed by dividing net loss attributable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted net loss per common share is computed by dividing net loss attributable to common shareholders by the weighted average number of common shares outstanding, plus the number of additional common shares that would have been outstanding if the common share equivalents had been issued (computed using the treasury stock or if converted method), if dilutive. The following common share equivalents are excluded from the calculation of weighted average common shares outstanding because their inclusion would have been anti-dilutive: SCHEDULE OF OUTSTANDING DILUTED SHARES EXCLUDED FROM DILUTED LOSS PER SHARE COMPUTATION 2023 2022 For the Three and Six Months Ended June 30, 2023 2022 Warrants 1,150,152 3,255,114 Options 946,685 1,015,787 Total potentially dilutive shares 2,096,837 4,270,901 RECENTLY ADOPTED ACCOUNTING STANDARDS In July 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-03, “Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation—Stock Compensation (Topic 718): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock.” ASU 2023-03 amends the ASC for SEC updates pursuant to SEC Staff Accounting Bulletin No. 120; SEC Staff Announcement at the March 24, 2022 Emerging Issues Task Force (“EITF”) Meeting; and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280 - General Revision of Regulation S-X: Income or Loss Applicable to Common Stock. These updates were immediately effective and did not have a significant impact on the Company’s condensed consolidated financial statements. BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts)

BUSINESS COMBINATION

BUSINESS COMBINATION	6 Months Ended
	Jun. 30, 2023
Business Combination and Asset Acquisition [Abstract]
BUSINESS COMBINATION	3. BUSINESS COMBINATION On April 18, 2023, the Company, Blink Mobility, LLC, a California limited liability company and wholly-owned subsidiary of the Company (“Mobility”), and Mobility Merger Sub Inc., a Delaware corporation and wholly-owned subsidiary of Mobility (“Merger Sub”), entered into and, after all parties met the closing conditions, consummated the transactions contemplated under an Agreement and Plan of Merger, dated as of April 18, 2023 (the “Acquisition Agreement”), with Envoy Technologies, Inc., a Delaware corporation (“Envoy”). Pursuant to the Acquisition Agreement, Merger Sub merged with and into Envoy, whereupon the separate corporate existence of Merger Sub ceased, and Envoy was the surviving corporation of the merger and a wholly-owned subsidiary of Mobility (the “Acquisition”). Under the terms of the Acquisition Agreement, the acquisition consideration was up to $ 35,500 6,000 5,000 6 2,000 6 (a) in the event of an initial public offering or direct listing of Mobility or Mobility’s successor within 24 months after the Closing (and shares of common stock of the Company are not issued in lieu thereof), $18,500, $21,000 or $22,500 worth of shares of common stock of Mobility or Mobility’s successor, depending on the timing of such offering or listing, (b) in the event there is no initial public offering or direct listing of Mobility or Mobility’s successor within 24 months after the Closing, $21,000 worth of shares of common stock of the Company, or (c) at the Company’s option, a combination of cash and common stock of the Company with an aggregate value of $21,000. The aggregate purchase price was $ 30,900 , which included a working capital deficit of $ 1,767 and closing date cash of $ 19 . The fair value of the consideration paid in the acquisition consisted of: (a) $6,000 in cash ($4,679 was paid at Closing and $1,321 was paid prior to Closing in the form of a note receivable); (b) $6,782 in aggregate promissory notes; and (c) $18,118 in common stock of Mobility subject to the conditions described above. 18,118 The Company engaged a third-party independent valuation specialist to assist in the determination of fair values of tangible and intangible assets acquired and liabilities assumed for Envoy. The final determination of the fair value of assets and liabilities will be completed within the one-year measurement period as required by ASC Topic 805. The Envoy acquisition will necessitate the use of this measurement period to adequately analyze and assess the factors used in establishing the asset and liability fair values as of the acquisition date, including intangible assets, accounts receivable and certain fixed assets. BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts) 3. BUSINESS COMBINATIONS – CONTINUED The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed as of the acquisition date of Envoy: SCHEDULE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED Purchase Price Allocation Purchase Consideration: Cash $ 6,000 Deferred cash consideration 6,782 Common stock 18,118 Total Purchase Consideration $ 30,900 Less: Trade name $ 291 Customer relationships 4,170 Internally developed technology 334 Property and equipment 1,802 Other assets 52 Notes payable- non current portion (24 ) Lease liability- non current portion (1,730 ) Net working capital deficit (1,792 ) Fair Value of Identified Net Assets $ 3,103 Remaining Unidentified Goodwill Value $ 27,797 In connection with the acquisition of Envoy, the Company acquired intangible assets in the form of a trade name, customer relationships and internally developed technology. The Company used the relief from royalty method when determining the fair value of the acquired trademark and internally developed technology. The fair value was determined by applying an estimated royalty rate to revenues, measuring the value the Company would pay in royalties to a market participant if it did not own the trademark and internally developed technology and had to license it from a third party. The trademark was assigned a useful life of two years three years When determining fair value of customer relationships, a form of income approach, known as the multi period excess earnings method was used. The fair value was determined by calculating the present value of estimated future operating cash flows generated from the existing customers less costs to realize the revenue. The Company applied a discount rate of 30% 26% 15 The fair value of working capital accounts were determined to be the carrying values due to the short-term nature of the assets and liabilities. The fair value of property and equipment was estimated by applying the cost approach. The cost approach uses the replacement or reproduction cost as an indicator of fair value. The assumptions of the cost approach include replacement cost new, projected capital expenditures, and physical deterioration factors including economic useful life, remaining useful life, age, and effective age. As of June 30, 2023, the estimated fair value of the common stock consideration payable was $ 18,118 BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts) 3. BUSINESS COMBINATIONS – CONTINUED The components of net working capital deficit are as follows: Current assets: Cash $ 19 Accounts receivable 391 Prepaid expenses and other current assets 254 Total current assets $ 664 Less current liabilities: Accounts payable $ 853 Current portion of lease liability 591 Current portion of notes payable 7 Deferred revenue 229 Accrued expenses and other current liabilities 776 Total current liabilities $ 2,456 Net working capital deficit $ (1,792 ) Goodwill was recorded based on the amount by which the purchase price exceeded the fair value of the net assets acquired and the amount is attributable to the reputation of the business acquired, the workforce in place and the synergies to be achieved from this acquisition. Goodwill of $ 27,797 The condensed consolidated financial statements of the Company include the results of operations of Envoy from April 18, 2023 to June 30, 2023 and do not include results of operations for periods prior to April 18, 2023. The results of operations of Envoy from April 18, 2023 to June 30, 2023 included revenues of $ 654 851 The following table presents the unaudited pro forma condensed consolidated results of operations for the three and six months ended June 30, 2023 and 2022 as if the acquisition of Envoy occurred at the beginning of fiscal year 2022. The pro forma information provided below is compiled from the preacquisition financial information of Envoy and includes pro forma adjustments to give effect to (i) interest expense related to notes issued as consideration and (ii) amortization expense associated with the acquired intangible assets. The pro forma results are not necessarily indicative of (i) the results of operations that would have occurred had the operations of this acquisition actually been acquired at the beginning of fiscal year 2022 or (ii) future results of operations. SCHEDULE OF PROFORMA INFORMATION OF OPERATIONS 2023 2022 2023 2022 For the Three Months Ended June 30, For the Six Months Ended June 30, 2023 2022 2023 2022 Revenues $ 33,009 $ 12,275 $ 55,380 $ 22,760 Net loss $ (42,765 ) $ (23,780 ) $ (73,314 ) $ (39,758 ) As of the date of the acquisition, the Company expected to collect all contractual cash flows related to receivables acquired in the acquisition. Acquisition-related costs of $ 289 BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts)

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	6 Months Ended
	Jun. 30, 2023
Equity [Abstract]
STOCKHOLDERS’ EQUITY	4. STOCKHOLDERS’ EQUITY PUBLIC OFFERINGS In February 2023, the Company completed an underwritten registered public offering of 8,333,333 12.00 100,000 94,766 On September 2, 2022, the Company entered into a Sales Agreement (“Sales Agreement”) with Barclays Capital Inc., BofA Securities, Inc., HSBC Securities (USA) Inc., ThinkEquity LLC, H.C. Wainwright & Co., LLC and Roth Capital Partners, LLC (the “Agents”) to conduct an “ATM” equity offering program pursuant to which the Company may issue and sell from time to time shares of our common stock, having an aggregate offering price of up to $ 250,000 2,757,168 18,868 3,315,889 26,565 COMMON STOCK During the six months ended June 30, 2023, the Company issued an aggregate of 557,733 557,733 835 During the six months ended June 30, 2023, the Company issued an aggregate of 5,866 132 During the six months ended June 30, 2023, the Company issued an aggregate of 8,235 35 During the six months ended June 30, 2023, the Company issued an aggregate of 393,240 796,940 3.35 4.25 STOCK-BASED COMPENSATION The Company recognized stock-based compensation expense related to common stock, stock options and warrants for the three and six months ended June 30, 2023 of $ 7,775 19,439 1,027 2,989 5,910 1.74

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Jun. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	5. RELATED PARTY TRANSACTIONS See Note 7 – Commitments and Contingencies – Purchase Commitments for disclosure of a commitment made to a related party. JOINT VENTURE The Company and a group of three 40 60 100 0 68 85 84 The Company determined that the Entity is a variable interest entity, however, the Company does not have a controlling financial interest and, as a result, the Company is not required to consolidate the Entity and instead has applied equity method accounting to its investment in the Entity. From inception through June 30, 2023, the Entity has not generated net income and, as a result, pursuant to ASC 323, the Company has not recorded a gain or loss on its equity method investment in the Entity during the six months ended June 30, 2023 and 2022. BLINK CHARGING UK LIMITED As of June 30, 2023, several close family members of a senior management employee are providing services to Electric Blue Limited. For the three and six months ended June 30, 2023, these related parties have collectively provided services worth $ 39 125 to Electric Blue Limited. Furthermore, as of June 30, 2023, there were purchase commitments of $ 23 to the same related parties. BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts)

LEASES

LEASES	6 Months Ended
	Jun. 30, 2023
Leases
LEASES	6. LEASES OPERATING LEASES Total operating lease expenses for the three and six months ended June 30, 2023 were $ 655 1,149 175 343 As of June 30, 2023, the Company had $ 2,068 As of June 30, 2023, the Company did not have additional operating and financing leases that have not yet commenced. During the three and six months ended June 30, 2023, the Company recorded $ 106 116 of interest expense related to finance leases, which were recorded within interest expense on the condensed consolidated statements of operations. During the three and six months ended June 30, 2023, the Company recorded amortization expense of $ 353 and $ 522 related to finance leases. There were no expenses incurred related to finance leases during the six months ended June 30, 2022. Supplemental cash flows information related to leases was as follows: SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES 2023 2022 For The Six Months Ended June 30, 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 2,232 $ 146 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 2,232 $ 146 Financing cash flows from finance leases $ 1,443 $ 71 Cash paid for amounts included in the measurement of lease liabilities: Financing cash flows from finance leases $ 1,443 $ 71 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 4,765 $ 258 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 4,765 $ 258 Finance leases $ 2,798 $ 931 Right-of-use assets obtained in exchange for lease obligations: Finance leases $ 2,798 $ 931 Weighted Average Remaining Lease Term Operating leases 3.21 3.53 Finance leases 1.99 2.75 Weighted Average Discount Rate Operating leases 7.1 % 3.8 % Finance leases 6.7 % 6.2 % Future minimum payments under non-cancellable leases as of June 30, 2023 were as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS For the Years Ending December 31, Operating Lease Finance Lease 2023 $ 2,779 $ 1,283 2024 2,332 718 2025 1,854 164 2026 1,245 30 2027 902 11 Thereafter 1,593 - Total future minimum lease payments 10,705 2,206 Less: imputed interest (1,655 ) (137 ) Total $ 9,050 $ 2,069 BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts)

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	7. COMMITMENTS AND CONTINGENCIES PURCHASE COMMITMENTS As of June 30, 2023, the Company had purchase commitments of approximately $ 33,000 23 LITIGATION AND DISPUTES On August 24, 2020, a purported securities class action lawsuit, captioned Bush v. Blink Charging Co. et al., Case No. 20-cv-23527, was filed in the United States District Court for the Southern District of Florida against the Company, Michael Farkas (Blink’s Chairman of the Board and Chief Executive Officer), and Michael Rama (Blink’s Chief Financial Officer) (the “Bush Lawsuit”). On September 1, 2020, another purported securities class action lawsuit, captioned Vittoria v. Blink Charging Co. et al., Case No. 20-cv-23643, was filed in the United States District Court for the Southern District of Florida against the same defendants and seeking to recover the same alleged damages (the “Vittoria Lawsuit”). On October 1, 2020, the court consolidated the Vittoria Lawsuit with the Bush Lawsuit and on December 21, 2020 the court appointed Tianyou Wu, Alexander Yu and H. Marc Joseph to serve as the Co-Lead Plaintiffs. The Co-Lead Plaintiffs filed an Amended Complaint on February 19, 2021. The Amended Complaint alleges, among other things, that the defendants made false or misleading statements about the size and functionality of the Blink Network and asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The Amended Complaint does not quantify damages but seeks to recover damages on behalf of investors who purchased or otherwise acquired Blink’s common stock between March 6, 2020 and August 19, 2020. On April 20, 2021, Blink and the other defendants filed a motion to dismiss the Amended Complaint, which has now been fully briefed and is ready for review. On April 7, 2022, the court held oral argument on the motion to dismiss but did not issue a decision. The Company wholly and completely disputes the allegations therein. The Company has retained legal counsel in order to defend the action vigorously. The Company has not recorded an accrual related to this matter as of June 30, 2023 as it determined that any such loss contingency was either not probable or estimable. On September 15, 2020, a shareholder derivative lawsuit, captioned Klein (derivatively on behalf of Blink Charging Co.) v. Farkas et al., Case No. 20- 19815CA01, was filed in Miami-Dade County Circuit Court seeking to pursue claims belonging to the Company against Blink’s Board of Directors and Michael Rama (the “Klein Lawsuit”). Blink is named as a nominal defendant. The Klein Lawsuit asserts that the Director defendants caused Blink to make the statements that are at issue in the securities class action and, as a result, the Company will incur costs defending against the consolidated Bush Lawsuit and other unidentified investigations. The Klein Lawsuit asserts claims against the Director defendants for breach of fiduciary duties and corporate waste and against all of the defendants for unjust enrichment. Klein did not quantify the alleged damages in his complaint, but he seeks damages sustained by the Company as a result of the defendants’ breaches of fiduciary duties, corporate governance changes, restitution, and disgorgement of profits from the defendants and attorneys’ fees and other litigation expenses. The parties agreed to temporarily stay the Klein Lawsuit until there is a ruling on the motion to dismiss filed in the consolidated Bush Lawsuit. On June 17, 2022, the court substituted the executrix of Klein’s estate as the plaintiff. The Company has not recorded an accrual related to this matter as of June 30, 2023 as it determined that any such loss contingency was either not probable or estimable. On December 23, 2020, another shareholder derivative action, captioned Bhatia (derivatively on behalf of Blink Charging Co.) v. Farkas et al., Case No. 20-27632CA01, was filed in Miami-Dade County Circuit Court against the same defendants sued in the Klein Lawsuit and asserting similar claims, as well as additional claims relating to the Company’s nomination, appointment and hiring of minorities and women and the Company’s decision to retain its outside auditor (the “Bhatia Lawsuit”). On February 17, 2021, the parties agreed to consolidate the Klein and Bhatia actions, which the court consolidated under the caption In re Blink Charging Company Stockholder Derivative Litigation, Lead Case No. 2020-019815-CA-01. The parties also agreed to keep in place the temporary stay. The court subsequently vacated the consolidation order and explained the parties should first file a motion to transfer, which the parties have done. On June 22, 2022, the court re-consolidated the Klein and Bhatia actions and reinstated the temporary stay. The Company wholly and completely disputes the allegations therein. The Company has retained legal counsel in order to defend the action vigorously. The Company has not recorded an accrual related to this matter as of June 30, 2023 as it determined that any such loss contingency was either not probable or estimable. On February 7, 2022, another shareholder derivative lawsuit, captioned McCauley (derivatively on behalf of Blink Charging Co.) v. Farkas et al., Case No. A-22-847894-C, was filed in the Eighth Judicial District Court in Clark County, Nevada, seeking to pursue claims belonging to the Company against six of Blink’s directors and Michael Rama (the “McCauley Lawsuit”). Blink is named as a nominal defendant. The complaint filed in the McCauley Lawsuit asserts similar allegations to the Klein Lawsuit relating to the statements at issue in the securities class action and asserts claims for breach of fiduciary duty and unjust enrichment. The McCauley Lawsuit seeks both injunctive and monetary relief from the individual defendants, as well as an award of attorneys’ fees and costs. On March 29, 2022, the Nevada court approved the parties’ stipulation to temporarily stay the McCauley Lawsuit until there is a ruling on the motion to dismiss filed in the consolidated Bush Lawsuit. The Company has not recorded an accrual related to this matter as of June 30, 2023 as it determined that any such loss contingency was either not probable or estimable. WARRANTY The Company estimates an approximate cost of $ 390 BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts) 7. COMMITMENTS AND CONTINGENCIES – CONTINUED SEPARATION AGREEMENT On June 21, 2023, the Company and its former Chief Executive Officer Michael D. Farkas entered into a separation and general release agreement, dated as of June 20, 2023 (the “Separation Agreement”) pursuant to Mr. Farkas’ May 1, 2023 termination of employment and the terms of Mr. Farkas’ employment agreement, effective as of January 1, 2021 (the “Employment Agreement”). The Separation Agreement became effective on June 28, 2023, following a statutory revocation period. Under the terms of the Separation Agreement, the Company agreed to provide Mr. Farkas with (i) $ 6,028 383,738 2,600 2,900

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	8. SUBSEQUENT EVENTS AMENDMENT TO MERGER AGREEMENT - SEMACONNECT On August 4, 2023, the Company, SemaConnect LLC, its wholly-owned subsidiary, and Shareholder Representative Services LLC, on behalf of the former stockholders of SemaConnect, Inc. (the “Stockholders’ Representative”), entered into an amendment (the “Amendment”) to the original Agreement and Plan of Merger, dated as of June 13, 2022 (the “Merger Agreement”), pursuant to which the Company acquired SemaConnect. Under the terms of the Amendment, the parties modified the manner by which the “Deferred Merger Consideration” (which remains $ 40,600 As amended, the Company agreed to pay: (a) within 15 days following our consummation of a financing transaction or series of related transactions in excess of $150,000 since the June 2022 closing of the Merger Agreement, $12,500 of the outstanding Deferred Merger Consideration in cash to the former stockholders of SemaConnect (the “Stockholders”), and (b) within 15 days following our consummation of any financing transaction or series of related transactions in excess of $250,000 since the closing of the Merger Agreement, fifty cents of every dollar of proceeds received by the Company in excess of $250,000 to repay the Deferred Merger Consideration until all Deferred Merger Consideration is paid in full to the Stockholders Each Stockholder will have the right to convert its outstanding Deferred Merger Consideration (after the initial payment of $12,500, plus accrued interest) into shares of the Company’s common stock at a conversion price equal to 126% of the seven-day average prior to the date of the Amendment; provided that under no circumstance will the Company be obligated to issue such number of shares equal to or in excess of 20% of the Company’s common stock to the Stockholders, taking into account all common stock previously issued to such holders in the transaction. Under the Amendment, interest on the Deferred Merger Consideration was increased from 7% to 9.5% per annum following the date of the Amendment until full repayment of Deferred Merger Consideration In consideration of the agreement by the Stockholders to enter into the Amendment, the Company agreed to issue shares of its common stock with a value of $ 1,000 On June 30, 2023, the parties to the Amendment entered into an interim amendment to the Merger Agreement for administrative purposes, modifying the transaction amount threshold related to Deferred Cash Consideration in the Merger Agreement from $ 125,000 127,000

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
FOREIGN CURRENCY TRANSLATION	FOREIGN CURRENCY TRANSLATION The Company’s reporting currency is the United States dollar. The functional currency of certain subsidiaries is the Euro, Indian Rupee, and Pound Sterling. Assets and liabilities are translated based on the exchange rates at the balance sheet date ( 1.0846 0.1219 1.2634 1.0763 0.0122 1.2538 expense accounts are translated at the weighted average exchange rate for the period ( 1.0554 for the Euro, 0.0127 for the Indian Rupee, and 1.2281 for the Pound Sterling) (1,026) 781 244 241
REVENUE RECOGNITION	REVENUE RECOGNITION The Company recognizes revenue primarily from four different types of contracts: ● Product sales ● Charging service revenue – company-owned charging stations ● Network fees and other ● Other BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED REVENUE RECOGNITION - CONTINUED The following table summarizes revenue recognized in the condensed consolidated statements of operations: SCHEDULE OF REVENUE RECOGNITION BY CONTRACT 2023 2022 2023 2022 For The Three Months Ended For The Six Months Ended June 30, June 30, 2023 2022 2023 2022 Revenues - Recognized at a Point in Time Product sales $ 24,587 $ 8,828 $ 40,976 $ 16,880 Charging service revenue - company-owned charging stations 4,367 1,494 7,252 2,601 Other 155 189 227 288 Total Revenues - Recognized at a Point in Time 29,109 10,511 48,455 19,769 Revenues - Recognized Over a Period of Time: Network and other fees 2,588 571 4,609 799 Total Revenues - Recognized Over a Period of Time 2,588 571 4,609 799 Revenues- Other Car-sharing services 957 279 1,209 518 Grant and rebate 188 125 237 200 Total Revenues - Other 1,145 404 1,446 718 Total Revenue $ 32,842 $ 11,486 $ 54,510 $ 21,286 The following table summarizes our revenue recognized in the condensed consolidated statements of operations by geographical area: SCHEDULE OF REVENUE RECOGNITION BY GEOGRAPHICAL AREA 2023 2022 2023 2022 For The Three Months Ended For The Six Months Ended June 30, June 30, 2023 2022 2023 2022 Revenues by Geographical Area U.S.A $ 24,435 $ 7,323 $ 37,610 $ 13,179 International 8,407 4,163 16,900 8,107 Total Revenue $ 32,842 $ 11,486 $ 54,510 $ 21,286 The timing of the Company’s revenue recognition may differ from the timing of payment by its customers. A receivable is recorded when revenue is recognized prior to payment and the Company has an unconditional right to payment. Alternatively, when payment precedes the provision of the related goods or services, the Company records deferred revenue until the performance obligations are satisfied. As of June 30, 2023, the Company had $ 21,602 12,678 During the three and six months ended June 30, 2023, the Company recognized $ 572 1,007 no Grants, rebates and alternative fuel credits, which are not within the scope of ASC 606, pertaining to revenues and periodic expenses are recognized as income when the related revenue and/or periodic expense are recorded. Grants and rebates related to EV charging stations and their installation are deferred and amortized in a manner consistent with the related depreciation expense of the related asset over their useful lives over the useful life of the charging station. During the three months ended June 30, 2023 and 2022, the Company recorded $ 188 125 237 200 52 51 103 117 Furthermore, car-sharing services, which are not within scope of ASC 606, pertain to revenues and expenses related to a car-sharing services agreement with the City of Los Angeles which allows customers the ability to rent electric vehicles through a subscription service. The Company recognizes revenue over the contractual period of performance of the subscription which are short term in nature. During the three months ended June 30, 2023 and 2022, the Company recognized $ 957 279 1,209 518 BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts) 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED
CONCENTRATIONS	CONCENTRATIONS During the three months ended June 30, 2023 and 2022, sales to a significant customer represented 0 10 14 13 19 16
NET LOSS PER COMMON SHARE	NET LOSS PER COMMON SHARE Basic net loss per common share is computed by dividing net loss attributable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted net loss per common share is computed by dividing net loss attributable to common shareholders by the weighted average number of common shares outstanding, plus the number of additional common shares that would have been outstanding if the common share equivalents had been issued (computed using the treasury stock or if converted method), if dilutive. The following common share equivalents are excluded from the calculation of weighted average common shares outstanding because their inclusion would have been anti-dilutive: SCHEDULE OF OUTSTANDING DILUTED SHARES EXCLUDED FROM DILUTED LOSS PER SHARE COMPUTATION 2023 2022 For the Three and Six Months Ended June 30, 2023 2022 Warrants 1,150,152 3,255,114 Options 946,685 1,015,787 Total potentially dilutive shares 2,096,837 4,270,901
RECENTLY ADOPTED ACCOUNTING STANDARDS	RECENTLY ADOPTED ACCOUNTING STANDARDS In July 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-03, “Presentation of Financial Statements (Topic 205), Income Statement—Reporting Comprehensive Income (Topic 220), Distinguishing Liabilities from Equity (Topic 480), Equity (Topic 505), and Compensation—Stock Compensation (Topic 718): Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin No. 120, SEC Staff Announcement at the March 24, 2022 EITF Meeting, and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280—General Revision of Regulation S-X: Income or Loss Applicable to Common Stock.” ASU 2023-03 amends the ASC for SEC updates pursuant to SEC Staff Accounting Bulletin No. 120; SEC Staff Announcement at the March 24, 2022 Emerging Issues Task Force (“EITF”) Meeting; and Staff Accounting Bulletin Topic 6.B, Accounting Series Release 280 - General Revision of Regulation S-X: Income or Loss Applicable to Common Stock. These updates were immediately effective and did not have a significant impact on the Company’s condensed consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
SCHEDULE OF REVENUE RECOGNITION BY CONTRACT	The following table summarizes revenue recognized in the condensed consolidated statements of operations: SCHEDULE OF REVENUE RECOGNITION BY CONTRACT 2023 2022 2023 2022 For The Three Months Ended For The Six Months Ended June 30, June 30, 2023 2022 2023 2022 Revenues - Recognized at a Point in Time Product sales $ 24,587 $ 8,828 $ 40,976 $ 16,880 Charging service revenue - company-owned charging stations 4,367 1,494 7,252 2,601 Other 155 189 227 288 Total Revenues - Recognized at a Point in Time 29,109 10,511 48,455 19,769 Revenues - Recognized Over a Period of Time: Network and other fees 2,588 571 4,609 799 Total Revenues - Recognized Over a Period of Time 2,588 571 4,609 799 Revenues- Other Car-sharing services 957 279 1,209 518 Grant and rebate 188 125 237 200 Total Revenues - Other 1,145 404 1,446 718 Total Revenue $ 32,842 $ 11,486 $ 54,510 $ 21,286
SCHEDULE OF REVENUE RECOGNITION BY GEOGRAPHICAL AREA	The following table summarizes our revenue recognized in the condensed consolidated statements of operations by geographical area: SCHEDULE OF REVENUE RECOGNITION BY GEOGRAPHICAL AREA 2023 2022 2023 2022 For The Three Months Ended For The Six Months Ended June 30, June 30, 2023 2022 2023 2022 Revenues by Geographical Area U.S.A $ 24,435 $ 7,323 $ 37,610 $ 13,179 International 8,407 4,163 16,900 8,107 Total Revenue $ 32,842 $ 11,486 $ 54,510 $ 21,286
SCHEDULE OF OUTSTANDING DILUTED SHARES EXCLUDED FROM DILUTED LOSS PER SHARE COMPUTATION	The following common share equivalents are excluded from the calculation of weighted average common shares outstanding because their inclusion would have been anti-dilutive: SCHEDULE OF OUTSTANDING DILUTED SHARES EXCLUDED FROM DILUTED LOSS PER SHARE COMPUTATION 2023 2022 For the Three and Six Months Ended June 30, 2023 2022 Warrants 1,150,152 3,255,114 Options 946,685 1,015,787 Total potentially dilutive shares 2,096,837 4,270,901

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables) - Envoy Technologies, Inc. [Member]	6 Months Ended
	Jun. 30, 2023
Business Acquisition [Line Items]
SCHEDULE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED	The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed as of the acquisition date of Envoy: SCHEDULE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED Purchase Price Allocation Purchase Consideration: Cash $ 6,000 Deferred cash consideration 6,782 Common stock 18,118 Total Purchase Consideration $ 30,900 Less: Trade name $ 291 Customer relationships 4,170 Internally developed technology 334 Property and equipment 1,802 Other assets 52 Notes payable- non current portion (24 ) Lease liability- non current portion (1,730 ) Net working capital deficit (1,792 ) Fair Value of Identified Net Assets $ 3,103 Remaining Unidentified Goodwill Value $ 27,797 Current assets: Cash $ 19 Accounts receivable 391 Prepaid expenses and other current assets 254 Total current assets $ 664 Less current liabilities: Accounts payable $ 853 Current portion of lease liability 591 Current portion of notes payable 7 Deferred revenue 229 Accrued expenses and other current liabilities 776 Total current liabilities $ 2,456 Net working capital deficit $ (1,792 )
SCHEDULE OF PROFORMA INFORMATION OF OPERATIONS	SCHEDULE OF PROFORMA INFORMATION OF OPERATIONS 2023 2022 2023 2022 For the Three Months Ended June 30, For the Six Months Ended June 30, 2023 2022 2023 2022 Revenues $ 33,009 $ 12,275 $ 55,380 $ 22,760 Net loss $ (42,765 ) $ (23,780 ) $ (73,314 ) $ (39,758 )

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 2023
Leases
SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES	Supplemental cash flows information related to leases was as follows: SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES 2023 2022 For The Six Months Ended June 30, 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 2,232 $ 146 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 2,232 $ 146 Financing cash flows from finance leases $ 1,443 $ 71 Cash paid for amounts included in the measurement of lease liabilities: Financing cash flows from finance leases $ 1,443 $ 71 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 4,765 $ 258 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 4,765 $ 258 Finance leases $ 2,798 $ 931 Right-of-use assets obtained in exchange for lease obligations: Finance leases $ 2,798 $ 931 Weighted Average Remaining Lease Term Operating leases 3.21 3.53 Finance leases 1.99 2.75 Weighted Average Discount Rate Operating leases 7.1 % 3.8 % Finance leases 6.7 % 6.2 %
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS	Future minimum payments under non-cancellable leases as of June 30, 2023 were as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS For the Years Ending December 31, Operating Lease Finance Lease 2023 $ 2,779 $ 1,283 2024 2,332 718 2025 1,854 164 2026 1,245 30 2027 902 11 Thereafter 1,593 - Total future minimum lease payments 10,705 2,206 Less: imputed interest (1,655 ) (137 ) Total $ 9,050 $ 2,069

SCHEDULE OF REVENUE RECOGNITION

SCHEDULE OF REVENUE RECOGNITION BY CONTRACT (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Product Information [Line Items]
Total Revenue	$ 32,842	$ 11,486	$ 54,510	$ 21,286
Total Revenues - Other	1,145	404	1,446	718
Car Sharing Services [Member]
Product Information [Line Items]
Total Revenues - Other	957	279	1,209	518
Grant and Rebate [Member]
Product Information [Line Items]
Total Revenues - Other	188	125	237	200
Transferred at Point in Time [Member]
Product Information [Line Items]
Total Revenue	29,109	10,511	48,455	19,769
Transferred at Point in Time [Member] | Product [Member]
Product Information [Line Items]
Total Revenue	24,587	8,828	40,976	16,880
Transferred at Point in Time [Member] | Service [Member]
Product Information [Line Items]
Total Revenue	4,367	1,494	7,252	2,601
Transferred at Point in Time [Member] | Others [Member]
Product Information [Line Items]
Total Revenue	155	189	227	288
Transferred over Time [Member]
Product Information [Line Items]
Total Revenue	2,588	571	4,609	799
Transferred over Time [Member] | Network Fees and Other [Member]
Product Information [Line Items]
Total Revenue	$ 2,588	$ 571	$ 4,609	$ 799

SCHEDULE OF REVENUE RECOGNITI_2

SCHEDULE OF REVENUE RECOGNITION BY GEOGRAPHICAL AREA (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Total Revenue	$ 32,842	$ 11,486	$ 54,510	$ 21,286
UNITED STATES
Total Revenue	24,435	7,323	37,610	13,179
Non-US [Member]
Total Revenue	$ 8,407	$ 4,163	$ 16,900	$ 8,107

SCHEDULE OF OUTSTANDING DILUTED

SCHEDULE OF OUTSTANDING DILUTED SHARES EXCLUDED FROM DILUTED LOSS PER SHARE COMPUTATION (Details) - shares	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	2,096,837	4,270,901
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	1,150,152	3,255,114
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	946,685	1,015,787

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Product Information [Line Items]
Gain (loss) on foreign exchange	$ (1,026)	$ (244)	$ 781	$ (241)
Contract liabilities			21,602
Revenue remaining performance obligation	12,678		12,678
Revenues related to network fees and warranty contracts	572		1,007
Revenue recognized performance obligation satisfied in previous period			0
Revenue	$ 32,842	$ 11,486	$ 54,510	$ 21,286
Customer Concentration Risk [Member] | Revenue Benchmark [Member] | Customer [Member]
Product Information [Line Items]
Concentration risk, percentage	0%	10%
Customer Concentration Risk [Member] | Accounts Receivable [Member] | Customer [Member]
Product Information [Line Items]
Concentration risk, percentage			19%
Supplier Concentration Risk [Member] | Cost of Goods and Service Benchmark [Member] | Supplier [Member]
Product Information [Line Items]
Concentration risk, percentage	14%	14%	13%	13%
Supplier Concentration Risk [Member] | Accounts Payable [Member] | Vendor [Member]
Product Information [Line Items]
Concentration risk, percentage				16%
Grant and Rebate [Member]
Product Information [Line Items]
Grant and rebate revenue	$ 188	$ 125	$ 237	$ 200
Alternative Fuel Credits [Member]
Product Information [Line Items]
Alternative fuel credits revenue	52	51	103	117
Car Sharing Servies [Member]
Product Information [Line Items]
Revenue	$ 957	$ 279	$ 1,209	$ 518
Euro [Member]
Product Information [Line Items]
Foreign currency exchange rate	1.0846		1.0846
Weighted average rate foreign deposits	1.0763	1.0554	1.0763	1.0554
Indian Rupee [Member]
Product Information [Line Items]
Foreign currency exchange rate	0.1219		0.1219
Weighted average rate foreign deposits	0.0122	0.0127	0.0122	0.0127
Pound Sterling [Member]
Product Information [Line Items]
Foreign currency exchange rate	1.2634		1.2634
Weighted average rate foreign deposits	1.2538	1.2281	1.2538	1.2281

SCHEDULE OF ASSETS ACQUIRED AND

SCHEDULE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED (Details) - USD ($) $ in Thousands	Jun. 30, 2023	Apr. 18, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Remaining Unidentified Goodwill Value	$ 232,220		$ 203,710
Envoy Technologies, Inc. [Member]
Business Acquisition [Line Items]
Cash		$ 6,000
Deferred cash consideration		6,782
Common stock		18,118
Total Purchase Consideration		30,900
Trade name		291
Customer relationships		4,170
Internally developed technology		334
Property and equipment		1,802
Other assets		52
Notes payable- non current portion		(24)
Lease liability- non current portion		(1,730)
Net working capital deficit		(1,792)
Fair Value of Identified Net Assets		3,103
Remaining Unidentified Goodwill Value		27,797
Cash		19
Accounts receivable		391
Prepaid expenses and other current assets		254
Total current assets		664
Accounts payable		853
Current portion of lease liability		591
Current portion of notes payable		7
Deferred revenue		229
Accrued expenses and other current liabilities		776
Total current liabilities		2,456
Net working capital deficit		$ (1,792)

SCHEDULE OF PROFORMA INFORMATIO

SCHEDULE OF PROFORMA INFORMATION OF OPERATIONS (Details) - Envoy Technologies, Inc. [Member] - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Business Acquisition [Line Items]
Revenues	$ 33,009	$ 12,275	$ 55,380	$ 22,760
Net loss	$ (42,765)	$ (23,780)	$ (73,314)	$ (39,758)

BUSINESS COMBINATION (Details N

BUSINESS COMBINATION (Details Narrative) - USD ($) $ in Thousands		2 Months Ended	3 Months Ended				6 Months Ended
	Apr. 18, 2023	Jun. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022	Dec. 31, 2022
Business Acquisition [Line Items]
Cash paid							$ 4,660
Consideration payable		$ 18,118	$ 18,118				18,118
Fair value		18,118	18,118				18,118
Goodwill		232,220	232,220				232,220		$ 203,710
Revenues			32,842		$ 11,486		54,510	21,286
Net loss			$ (41,482)	$ (29,801)	$ (22,621)	$ (15,143)	$ (71,283)	$ (37,764)
Envoy Technologies, Inc. [Member]
Business Acquisition [Line Items]
Purchase price of business combination	$ 30,900
[custom:WorkingCapitalDeficit-0]	1,767
Business Combination, Consideration Transferred, Equity Interests Issued and Issuable	$ 19
Business Combination, Contingent Consideration Arrangements, Description	The fair value of the consideration paid in the acquisition consisted of: (a) $6,000 in cash ($4,679 was paid at Closing and $1,321 was paid prior to Closing in the form of a note receivable); (b) $6,782 in aggregate promissory notes; and (c) $18,118 in common stock of Mobility subject to the conditions described above.
Goodwill	$ 27,797
Revenues		654
Net loss		$ 851
Business combination, acquisition related costs	$ 289
Envoy Technologies, Inc. [Member] | Trademarks [Member]
Business Acquisition [Line Items]
Intangible asset, useful life	2 years
Envoy Technologies, Inc. [Member] | Developed Technology Rights [Member]
Business Acquisition [Line Items]
Intangible asset, useful life	3 years
Envoy Technologies, Inc. [Member] | Customer Relationships [Member]
Business Acquisition [Line Items]
Intangible asset, useful life	15 years
Percentage of discount	30%
Percentage of assumed income tax rate	26%
Envoy Technologies, Inc. [Member] | Acquisition Agreement [Member]
Business Acquisition [Line Items]
Purchase price of business combination	$ 35,500
Cash paid	$ 6,000
Business acquisition agreement description	(a) in the event of an initial public offering or direct listing of Mobility or Mobility’s successor within 24 months after the Closing (and shares of common stock of the Company are not issued in lieu thereof), $18,500, $21,000 or $22,500 worth of shares of common stock of Mobility or Mobility’s successor, depending on the timing of such offering or listing, (b) in the event there is no initial public offering or direct listing of Mobility or Mobility’s successor within 24 months after the Closing, $21,000 worth of shares of common stock of the Company, or (c) at the Company’s option, a combination of cash and common stock of the Company with an aggregate value of $21,000.
Envoy Technologies, Inc. [Member] | Acquisition Agreement [Member] | Promissory Note Due 12 Months [Member]
Business Acquisition [Line Items]
Principal amount	$ 5,000
Interest rate	6%
Envoy Technologies, Inc. [Member] | Acquisition Agreement [Member] | Promissory Note Due 18 Months [Member]
Business Acquisition [Line Items]
Principal amount	$ 2,000
Interest rate	6%

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended		3 Months Ended					6 Months Ended
		Feb. 28, 2023	Sep. 22, 2022	Jun. 30, 2023		Mar. 31, 2023	[3]	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Subsidiary, Sale of Stock [Line Items]
Proceeds from issuance initial public offering	[1]								$ 113,254
Satisfaction of a common stock liability				$ 35
Unrecognized stock-based compensation expense				$ 5,910					$ 5,910
Weighted average remaining vesting period									1 year 8 months 26 days
Board Member [Member]
Subsidiary, Sale of Stock [Line Items]
Number of common shares issued for service									5,866
Number of common shares issued for service, value									$ 132
Common Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Common stock issued in public offering, shares				2,842,687	[2]	8,333,333
Satisfaction of a common stock liability, shares				8,235
Satisfaction of a common stock liability
Shares issued upon warrant and options exercise, shares				393,240					393,240
Weighted average exercise price, options				$ 3.35					$ 3.35
Weighted average exercise price, warrants				$ 4.25					$ 4.25
Warrant [Member]
Subsidiary, Sale of Stock [Line Items]
Warrant to purchase of common stock				557,733					557,733
Net proceeds from exercises of warrants									$ 835
Common Stock Liability [Member]
Subsidiary, Sale of Stock [Line Items]
Satisfaction of a common stock liability, shares									8,235
Satisfaction of a common stock liability									$ 35
Stock Options and Warrants [Member]
Subsidiary, Sale of Stock [Line Items]
Cashless exercise shares									796,940
Sharebased compensation expense				$ 7,775				$ 1,027	$ 19,439	$ 2,989
Sales Agreement [Member] | Roth Capital Partners L L C [Member]
Subsidiary, Sale of Stock [Line Items]
Gross proceeds			$ 250,000						$ 26,565
shares of common stock									3,315,889
Sales Agreement [Member] | Roth Capital Partners L L C [Member] | Common Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Gross proceeds									$ 18,868
shares of common stock									2,757,168
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Common stock issued in public offering, shares		8,333,333
Offering price per share		$ 12
Gross proceeds from public offering		$ 100,000
Proceeds from issuance initial public offering		$ 94,766
[1]Includes gross proceeds of $ 118,868 5,614 18,868 380 100,000 5,234

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) $ in Thousands		3 Months Ended		6 Months Ended
	Feb. 11, 2019 Integer	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Related Party Transaction [Line Items]
Revenues		$ 32,842	$ 11,486	$ 54,510	$ 21,286
Electric Blue Limited [Member]
Related Party Transaction [Line Items]
[custom:RelatedPartiesServicesWorthAmount]		39		125
Purchase Obligation		23		23
Blink Charging Hellas SA [Member]
Related Party Transaction [Line Items]
Revenues			$ 0		$ 68
Payable to related party		$ 85		$ 85		$ 84
GREECE | Blink Charging Hellas SA [Member]
Related Party Transaction [Line Items]
Percentage of ownership in joint venture	100%
Shareholders Agreement [Member] | CYPRUS | Blink Charging Hellas SA [Member]
Related Party Transaction [Line Items]
Percentage of ownership in joint venture	60%
Shareholders Agreement [Member] | Corporate Joint Venture [Member] | CYPRUS
Related Party Transaction [Line Items]
Number of entities under the agreement | Integer	3
Shareholders Agreement [Member] | Corporate Joint Venture [Member] | CYPRUS | Blink Charging Hellas SA [Member]
Related Party Transaction [Line Items]
Percentage of ownership in joint venture	40%

SCHEDULE OF SUPPLEMENTAL CASH F

SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Leases
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases	$ 2,232	$ 146
Cash paid for amounts included in the measurement of lease liabilities: Financing cash flows from finance leases	1,443	71
Right-of-use assets obtained in exchange for lease obligations: Operating leases	4,765	258
Right-of-use assets obtained in exchange for lease obligations: Finance leases	$ 2,798	$ 931
Weighted Average Remaining Lease Term, Operating leases	3 years 2 months 15 days	3 years 6 months 10 days
Weighted Average Remaining Lease Term, Finance leases	1 year 11 months 26 days	2 years 9 months
Weighted Average Discount Rate, Operating leases	7.10%	3.80%
Weighted Average Discount Rate, Finance leases	6.70%	6.20%

SCHEDULE OF FUTURE MINIMUM LEAS

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS (Details) $ in Thousands	Jun. 30, 2023 USD ($)
Lessee, Operating Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
Operating Lease 2023	$ 2,779
Operating Lease 2024	2,332
Operating Lease 2025	1,854
Operating Lease 2026	1,245
Operating Lease 2027	902
Thereafter	1,593
Operating Lease Total future minimum lease payments	10,705
Operating Lease Less: imputed interest	(1,655)
Operating Lease Total	9,050
Finance Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
Finance Lease 2023	1,283
Finance Lease 2024	718
Finance Lease 2025	164
Finance Lease 2026	30
Finance Lease 2027	11
Thereafter
Finance Lease Total future minimum lease payments	2,206
Finance Lease Less: imputed interest	(137)
Finance Lease Total	$ 2,069

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Leases
Operating lease expense	$ 655,000	$ 175,000	$ 1,149,000	$ 343,000
Financing leases right of use assets	2,068,000		$ 2,068,000
Operating and finance lease, description			the Company did not have additional operating and financing leases that have not yet commenced.
Finance Lease, Interest Expense	106,000		$ 116,000
Amortization of Debt Issuance Costs	$ 353,000		$ 522,000	$ 0

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2023	Jun. 21, 2023
Defined Benefit Plan Disclosure [Line Items]
Purchase commitments	$ 33,000
Repair deployed chargers	390
Chief Executive Officer [Member]
Defined Benefit Plan Disclosure [Line Items]
Cash compensation		$ 6,028
Shares of common stock issued		383,738
Accrued expenses and other current liabilities	2,600
Stock-based compensation expense	2,900
Related Party [Member]
Defined Benefit Plan Disclosure [Line Items]
Purchase commitments	$ 23

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($) $ in Thousands	Aug. 04, 2023	Jun. 30, 2023	Dec. 31, 2022
Subsequent Event [Line Items]
Common stock value		$ 64	$ 51
Deferred Merger Consideration [Member] | Minimum [Member]
Subsequent Event [Line Items]
Business combination consideration transferred		125,000
Deferred Merger Consideration [Member] | Maximum [Member]
Subsequent Event [Line Items]
Business combination consideration transferred		$ 127,000
Subsequent Event [Member] | Deferred Merger Consideration [Member]
Subsequent Event [Line Items]
Accrued interest	$ 40,600
Business acquisition description	As amended, the Company agreed to pay: (a) within 15 days following our consummation of a financing transaction or series of related transactions in excess of $150,000 since the June 2022 closing of the Merger Agreement, $12,500 of the outstanding Deferred Merger Consideration in cash to the former stockholders of SemaConnect (the “Stockholders”), and (b) within 15 days following our consummation of any financing transaction or series of related transactions in excess of $250,000 since the closing of the Merger Agreement, fifty cents of every dollar of proceeds received by the Company in excess of $250,000 to repay the Deferred Merger Consideration until all Deferred Merger Consideration is paid in full to the Stockholders
Common Stock, Terms of Conversion	the Company’s common stock at a conversion price equal to 126% of the seven-day average prior to the date of the Amendment; provided that under no circumstance will the Company be obligated to issue such number of shares equal to or in excess of 20% of the Company’s common stock to the Stockholders, taking into account all common stock previously issued to such holders in the transaction. Under the Amendment, interest on the Deferred Merger Consideration was increased from 7% to 9.5% per annum following the date of the Amendment until full repayment of Deferred Merger Consideration
Common stock value	$ 1,000