Blink Charging (BLNK) 10-Q 13 Nov 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2023	Nov. 09, 2023
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2023
Document Fiscal Period Focus	Q3
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		67,407,973

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2023	Dec. 31, 2022
Current Assets:
Cash and cash equivalents	$ 66,678	$ 36,562
Accounts receivable, net	41,718	23,581
Inventory, net	47,386	34,740
Prepaid expenses and other current assets	5,059	4,399
Total Current Assets	160,841	99,282
Restricted cash	74	71
Property and equipment, net	34,002	25,862
Operating lease right-of-use asset	7,867	4,174
Intangible assets, net	17,277	26,582
Goodwill	144,881	203,710
Other assets	654	2,861
Total Assets	365,596	362,542
Current Liabilities:
Accounts payable	30,118	24,585
Accrued expenses and other current liabilities	15,450	13,109
Notes payable	4,795	10
Current portion of operating lease liabilities	2,555	1,738
Current portion of financing lease liabilities	1,235	306
Current portion of deferred revenue	12,233	10,572
Total Current Liabilities	66,386	50,320
Contingent consideration	1,345	1,316
Consideration payable	60,762	40,608
Operating lease liabilities, non-current portion	6,277	3,030
Financing lease liabilities, non-current portion	1,109	408
Deferred revenue, non-current portion	9,702	5,258
Other liabilities	350	645
Total Liabilities	145,931	101,585
Commitments and contingencies (Note 9)
Stockholders’ Equity:
Common stock, $0.001 par value, 500,000,000 shares authorized, 67,077,698 and 51,476,445 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively	67	51
Additional paid-in capital	742,061	597,982
Accumulated other comprehensive loss	(4,429)	(3,046)
Accumulated deficit	(518,034)	(334,030)
Total Stockholders’ Equity	219,665	260,957
Total Liabilities and Stockholders’ Equity	$ 365,596	$ 362,542

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 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	67,077,698	51,476,445
Common stock, shares outstanding	67,077,698	51,476,445

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Revenues:
Total Revenues	$ 43,377	$ 17,247	$ 97,887	$ 38,533
Cost of Revenues:
Total Cost of Revenues	30,592	12,466	68,268	30,209
Gross Profit	12,785	4,781	29,619	8,324
Operating Expenses:
Compensation	15,268	17,605	75,967	37,643
General and administrative expenses	8,539	6,594	26,466	20,023
Other operating expenses	5,444	5,079	14,555	12,159
Impairment of intangible assets	5,143		5,143
Impairment of goodwill	89,087		89,087
Total Operating Expenses	123,481	29,278	211,218	69,825
Loss From Operations	(110,696)	(24,497)	(181,599)	(61,501)
Other Income (Expense):
Interest expense	(970)	(917)	(2,373)	(1,056)
Gain (loss) on foreign exchange	144	(595)	925	(836)
Loss on extinguishment of notes payable	(1,000)		(1,000)
Change in fair value of derivative and other accrued liabilities		108	10	35
Other income (expense), net	608	254	1,258	(53)
Total Other Expense	(1,218)	(1,150)	(1,180)	(1,910)
Loss Before Income Taxes	(111,914)	(25,647)	(182,779)	(63,411)
Provision for income taxes	(807)		(1,225)
Net Loss	$ (112,721)	$ (25,647)	$ (184,004)	$ (63,411)
Net Loss Per Share:
Basic	$ (1.74)	$ (0.51)	$ (3.02)	$ (1.39)
Diluted	$ (1.74)	$ (0.51)	$ (3.02)	$ (1.39)
Weighted Average Number of Common Shares Outstanding:
Basic	64,626,681	50,627,173	61,006,242	45,543,518
Diluted	64,626,681	50,627,173	61,006,242	45,543,518
Product [Member]
Revenues:
Total Revenues	$ 35,059	$ 13,358	$ 76,035	$ 30,238
Cost of Revenues:
Total Cost of Revenues	24,619	8,663	49,509	21,134
Service [Member]
Revenues:
Total Revenues	3,859	1,256	11,111	3,857
Cost of Revenues:
Total Cost of Revenues	566	235	2,196	769
Network [Member]
Revenues:
Total Revenues	1,973	1,456	5,268	2,089
Cost of Revenues:
Total Cost of Revenues	407	508	1,339	924
Warranty [Member]
Revenues:
Total Revenues	849	309	2,163	475
Grant and Rebate [Member]
Revenues:
Total Revenues	47	83	284	283
Car Sharing Services [Member]
Revenues:
Total Revenues	903	367	2,112	885
Cost of Revenues:
Total Cost of Revenues	931	470	3,162	1,555
Other [Member]
Revenues:
Total Revenues	687	418	914	706
Host Provider Fees [Member]
Cost of Revenues:
Total Cost of Revenues	2,399	973	6,285	2,345
Warranty and Repairs and Maintenance [Member]
Cost of Revenues:
Total Cost of Revenues	561	803	2,924	1,437
Depreciation and Amortization [Member]
Cost of Revenues:
Total Cost of Revenues	$ 1,109	$ 814	$ 2,853	$ 2,045

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Income Statement [Abstract]
Net Loss	$ (112,721)	$ (25,647)	$ (184,004)	$ (63,411)
Other Comprehensive Loss:
Cumulative translation adjustments	(1,678)	(2,436)	(1,383)	(5,314)
Total Comprehensive Loss	$ (114,399)	$ (28,083)	$ (185,387)	$ (68,725)

Condensed Consolidated Statem_3

Condensed Consolidated Statements 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 income (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						(63,411)
Common stock issued in satisfaction of accrued issuable equity
Balance at Sep. 30, 2022		$ 51	582,419	(7,098)	(305,881)	269,491
Balance, shares at Sep. 30, 2022		50,867,937
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 income (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
Common stock issued upon exercise of warrants			109			109
Common stock issued upon exercise of warrants, shares		40,830
Stock-based compensation		$ 1	4,872			4,873
Stock-based compensation, shares		617,328
Other comprehensive income (loss)				(2,436)		(2,436)
Net loss					(25,647)	(25,647)
Common stock issued upon cashless exercise of warrants
Common stock issued upon cashless exercise of warrants, shares		8,093
Balance at Sep. 30, 2022		$ 51	582,419	(7,098)	(305,881)	269,491
Balance, shares at Sep. 30, 2022		50,867,937
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 income (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
Common stock issued in public offering, net of issuance costs, shares		557,733
Net loss						(184,004)
Common stock issued upon cashless exercise of options and warrants, shares		393,240
Surrender and cancellation of common stock		$ 197
Surrender and cancellation of common stock, shares		27,681
Common stock issued in satisfaction of accrued issuable equity						2,600
Balance at Sep. 30, 2023		$ 67	742,061	(4,429)	(518,034)	219,665
Balance, shares at Sep. 30, 2023		67,077,698
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 income (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
Common stock issued in public offering, net of issuance costs	[3]	$ 3	9,122			9,125
Common stock issued in public offering, net of issuance costs, shares	[2]	2,477,948
Stock-based compensation			978			978
Stock-based compensation, shares		103,843
Other comprehensive income (loss)				(1,678)		(1,678)
Net loss					(112,721)	(112,721)
Surrender and cancellation of common stock			(197)			(197)
Surrender and cancellation of common stock, shares		(27,681)
Common stock issued in connection with extinguishment of notes payable			1,000			1,000
Common stock issued in connection with extinguishment of notes payable, shares		158,372
Common stock issued in satisfaction of accrued issuable equity			2,600			2,600
Common stock issued in satisfaction of accrued issuable equity, shares		370,899
Balance at Sep. 30, 2023		$ 67	$ 742,061	$ (4,429)	$ (518,034)	$ 219,665
Balance, shares at Sep. 30, 2023		67,077,698
[1]Includes gross proceeds of $ 100,000 5,234 18,868 380 9,392 267

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Proceeds from public offering, gross	$ 9,392	$ 18,868	$ 100,000
Stock issuance costs	$ 267	$ 380	$ 5,234

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2023	Sep. 30, 2022
Cash Flows From Operating Activities:
Net loss		$ (184,004)	$ (63,411)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		9,694	5,175
Non-cash lease expense		1,695	596
Change in fair value of contingent consideration		28
Gain on disposal of fixed assets		(99)
Change in fair value of derivative and other accrued liabilities		10	1,128
Provision for bad debt		1,776	1,024
Provision for slow moving and obsolete inventory		376	(14)
Loss on extinguishment of notes payable		1,000
Impairment of goodwill		89,087
Impairment of intangible assets		5,143
Stock-based compensation:
Common stock		11,486	4,986
Options		3,975	2,835
Warrants		5,082
Changes in operating assets and liabilities:
Accounts receivable and other receivables		(19,655)	(7,289)
Inventory		(14,844)	(15,790)
Prepaid expenses and other current assets		(631)	3,372
Other assets		947	(391)
Accounts payable and accrued expenses		9,101	6,811
Other liabilities		(295)	54
Lease liabilities		(3,014)	(412)
Deferred revenue		5,980	3,550
Total Adjustments		106,842	5,635
Net Cash Used In Operating Activities		(77,162)	(57,776)
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)
Note receivable			(1,500)
Capitalization of engineering costs		(526)	(797)
Purchases of property and equipment		(7,265)	(2,230)
Net Cash Used In Investing Activities		(12,451)	(54,225)
Cash Flows From Financing Activities:
Proceeds from sale of common stock in public offering, net	[1]	122,379
Proceeds from exercise of options and warrants		835	201
Repayment of notes payable			(588)
Repayment of financing liability in connection with finance lease		(2,103)	(144)
Repayment of financing liability in connection with internal use software		(220)	(235)
Net Cash Provided By (Used In) Financing Activities		120,891	(766)
Effect of Exchange Rate Changes on Cash and Cash Equivalents		(1,159)	(5,193)
Net Increase (Decrease) In Cash and Cash Equivalents and Restricted Cash		30,119	(117,960)
Cash and Cash Equivalents and Restricted Cash - Beginning of Period		36,633	175,049
Cash and Cash Equivalents and Restricted Cash - End of Period		66,752	57,089
Cash and cash equivalents and restricted cash consisted of the following:
Cash and cash equivalents		66,678	57,019
Restricted cash		74	70
Total Cash and cash equivalents and restricted cash		66,752	57,089
Cash paid during the period for:
Interest
Income taxes			55
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
Common stock issued in satisfaction of accrued issuable equity		2,600
Surrender and cancellation of common stock		(197)
Right-of-use assets obtained in exchange for lease obligations		5,386	398
Property and equipment obtained in exchange for finance lease obligations		3,733	931
Intangible assets obtained in exchange for financing liability		122	660
Transfer of inventory to property and equipment		(1,688)	(3,131)
Note receivable applied to purchase consideration of Envoy		$ (1,321)
[1]Includes gross proceeds of $ 128,260 5,881

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) $ in Thousands	9 Months Ended
	Sep. 30, 2023 USD ($)
Statement of Cash Flows [Abstract]
Proceeds from public offering, gross	$ 128,260
Offering proceeds cost	$ 5,881

BUSINESS ORGANIZATION, NATURE O

BUSINESS ORGANIZATION, NATURE OF OPERATIONS, BASIS OF PRESENTATION AND RISKS AND UNCERTAINTIES	9 Months Ended
	Sep. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS ORGANIZATION, NATURE OF OPERATIONS, BASIS OF PRESENTATION AND RISKS AND UNCERTAINTIES	1. BUSINESS ORGANIZATION, NATURE OF OPERATIONS, BASIS OF PRESENTATION AND RISKS AND UNCERTAINTIES Organization and Operations Blink Charging Co., through its wholly-owned subsidiaries (collectively, the “Company” or “Blink”), is a leading manufacturer, owner, operator and provider of electric vehicle (“EV”) charging equipment and networked EV charging services in the rapidly growing U.S. and international markets for EVs. Blink offers residential and commercial EV charging equipment and services, enabling EV drivers to recharge at various location types. Blink’s principal line of products and services is its nationwide 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 is a proprietary, cloud-based system that operates, maintains and manages Blink charging stations and handles the associated charging data, back-end operations and payment processing. The Blink Networks provide property owners, managers, parking companies, state and municipal entities, and other types of commercial customers (“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 an EV based ride-sharing business through its wholly-owned subsidiary, Blink Mobility LLC. 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) that are considered necessary for a fair presentation of the condensed consolidated financial statements of the Company as of September 30, 2023 and for the three and nine months then ended. The results of operations for the three and nine months ended September 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	9 Months Ended
	Sep. 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. LIQUIDITY As of September 30, 2023, the Company had cash and working capital of $ 66,678 94,455 During the nine months ended September 30, 2023, the Company sold an aggregate of 5,320,635 28,260 647 In February 2023, the Company completed an underwritten registered public offering of 8,333,333 12.00 100,000 95,000 1,249,999 The Company has not yet achieved profitability and expects to continue to incur cash outflows from operations. It is expected that our operating expenses will continue to increase and, as a result, we will eventually need to generate significant product revenues to achieve profitability. Historically, we have been able to raise funds to support our business operations, although there can be no assurance that we will be successful in raising significant additional funds in the future. The Company expects that its cash on hand will fund its operations for at least 12 months after the issuance date of these financial statements. Since inception, the Company’s operations have primarily been funded through proceeds received in equity and debt financings. The Company believes it has access to capital resources and continues to evaluate additional financing opportunities. There is no assurance that the Company will be able to obtain funds on commercially acceptable terms, if at all. There is also no assurance that the amount of funds the Company might raise will enable the Company to complete its development initiatives or attain profitable operations. The Company’s operating needs include the planned costs to operate its business, including amounts required to fund working capital and capital expenditures. The Company’s future capital requirements and the adequacy of its available funds will depend on many factors, including the Company’s ability to successfully commercialize its products and services, competing technological and market developments, and the need to enter into collaborations with other companies or acquire other companies or technologies to enhance or complement its product and service offerings. 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 ( 1.0575 for the Euro, 0.1202 for the Indian Rupee, and 1.2202 for the Pound Sterling as of September 30, 2023), while expense amounts are translated at the weighted average exchange rate for the period ( 1.0644 for the Euro, 0.0120 for the Indian Rupee, and 1.2285 for the Pound Sterling for the nine months ended September 30, 2023). Equity accounts are translated at historical exchange rates. During the nine months ended September 30, 2022, expense amounts are translated at the weighted average exchange rate for the period ( 0.9797 for the Euro, 0.0123 for the Indian Rupee, and 1.1156 for the Pound Sterling). The resulting translation adjustments are recognized in stockholders’ equity as a component of accumulated other comprehensive income. Comprehensive income (loss) is defined as the change in equity of an entity from all sources other than investments by owners or distributions to owners and includes foreign currency translation adjustments as described above. Transaction gains and losses are charged to the condensed consolidated statement of operations as incurred. Transaction gains attributable to foreign exchange were $ 144 and $ 925 595 and $ 836 during the three and nine months ended September 30, 2022, respectively. 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 Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Revenues - Recognized at a Point in Time Product sales $ 35,059 $ 13,358 $ 76,035 $ 30,238 Charging service revenue - company-owned charging stations 3,859 1,256 11,111 3,857 Other 687 418 914 706 Total Revenues - Recognized at a Point in Time 39,605 15,032 88,060 34,801 Revenues - Recognized Over a Period of Time: Network and other fees 2,822 1,765 7,431 2,564 Total Revenues - Recognized Over a Period of Time 2,822 1,765 7,431 2,564 Revenues- Other Car-sharing services 903 367 2,112 885 Grant and rebate 47 83 284 283 Total Revenues - Other 950 450 2,396 1,168 Total Revenue $ 43,377 $ 17,247 $ 97,887 $ 38,533 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 Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Revenues by Geographical Area U.S.A $ 34,126 $ 12,478 $ 71,736 $ 25,657 International 9,251 4,769 26,151 12,876 Total Revenue $ 43,377 $ 17,247 $ 97,887 $ 38,533 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 September 30, 2023, the Company had $ 21,935 12,233 During the three and nine months ended September 30, 2023, the Company recognized $ 771 1,778 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 September 30, 2023 and 2022, the Company recorded $ 47 83 284 283 65 45 168 162 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 September 30, 2023 and 2022, the Company recognized $ 903 367 2,112 885 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 September 30, 2023, the Company made purchases from a significant supplier that represented 17 20 26 19 18 NET LOSS PER COMMON SHARE Basic net loss per common share is computed by dividing the 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 the 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 Nine Months Ended September 30, 2023 2022 Warrants 1,150,152 3,156,861 Options 1,035,867 1,055,217 Total potentially dilutive shares 2,186,019 4,212,078 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. RECENTLY ISSUED ACCOUNTING STANDARDS In August 2023, the FASB issued ASU 2023-05, “Business Combinations - Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement,” under which an entity that qualifies as either a joint venture or a corporate joint venture as defined in the FASB Accounting Standards Codification (“ASC”) master glossary is required to apply a new basis of accounting upon the formation of the joint venture. Specifically, the ASU provides that a joint venture or a corporate joint venture (collectively, “joint ventures”) must initially measure its assets and liabilities at fair value on the formation date., the amendments are effective for all joint ventures within the ASU’s scope that are formed on or after January 1, 2025. Early adoption is permitted in any annual or interim period as of the beginning of the related fiscal year. The adoption of this pronouncement is not expected to have a material impact on the Company’s condensed consolidated financial statements. In October 2023, the FASB issued ASU 2023-06, “Disclosure Improvements.” For entities subject to the SEC’s existing disclosure requirements and for entities required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer, the effective date for each amendment will be the date on which the SEC’s removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective. If by June 30, 2027, the SEC has not removed the applicable requirement from Regulation S-X or Regulation S-K, the pending content of the related amendment will be removed from the Codification and will not become effective for any entity. The adoption of this pronouncement is not expected to have a material 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	9 Months Ended
	Sep. 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 1,595 19 The fair value of the consideration paid in the acquisition consisted of: (a) $6,000 in cash ($3,440 was paid at Closing and $2,560 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 805. The Company recognized certain measurement period adjustments, as summarized in the fair values of assets acquired and liabilities assumed in the tables below. Measurement period adjustments are recognized in the reporting period in which the adjustments are determined and calculated as if the accounting had been completed at the acquisition date. The 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 relevant 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 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 Measurement Purchase Price Purchase Consideration: Cash $ 6,000 $ - $ 6,000 Deferred cash consideration 6,782 - 6,782 Common stock 18,118 - 18,118 Total Purchase Consideration $ 30,900 $ - $ 30,900 Less: Trade name $ 291 $ (125 ) $ 166 Customer relationships 4,170 (2,245 ) 1,925 Internally developed technology 334 (159 ) 175 Non-compete agreements - 11 11 Property and equipment 1,802 - 1,802 Other assets 52 - 52 Notes payable - non-current portion (24 ) - (24 ) Lease liability - non-current portion (1,730 ) - (1,730 ) Debt-free net working capital deficit (1,792 ) 197 (1,595 ) Fair Value of Identified Net Assets $ 3,103 $ (2,321 ) $ 782 Remaining Unidentified Goodwill Value $ 27,797 $ 2,321 $ 30,118 In connection with the acquisition of Envoy, the Company acquired intangible assets in the form of a trade name, customer relationships, internally developed technology and non-compete agreements. The Company used the relief from royalty method when determining the fair value of the acquired trade name 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 trade name and internally developed technology and had to license it from a third party. The trademark was assigned a useful life of 2 3 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 21 26 5.3 The Company used a discounted cash flow model when determining the fair value of the non-compete agreements. Significant assumptions included a discount rate of 21 26 2 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 September 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 debt free net working capital deficit are as follows: Purchase Price Measurement Purchase Price Current assets: Cash $ 19 $ - $ 19 Accounts receivable 391 - 391 Prepaid expenses and other current assets 254 - 254 Total current assets $ 664 $ - $ 664 Less current liabilities: Accounts payable $ 853 $ - $ 853 Current portion of lease liability 591 - 591 Current portion of notes payable 7 - 7 Deferred revenue 229 - 229 Accrued expenses and other current liabilities 776 (197 ) 579 Total current liabilities $ 2,456 $ (197 ) $ 2,259 Net working capital deficit $ (1,792 ) $ 197 $ (1,595 ) 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 $ 30,118 The condensed consolidated financial statements of the Company include the results of operations of Envoy from April 18, 2023 to September 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 September 30, 2023 included revenues of $ 1,896 1,451 The following table presents the unaudited pro forma condensed consolidated results of operations for the three and nine months ended September 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 For the Nine Months Ended 2023 2022 2023 2022 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenues $ 43,544 $ 18,138 $ 98,757 $ 40,898 Net loss $ (113,977 ) $ (27,268 ) $ (185,867 ) $ (66,730 ) 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 $ 333 BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts)

IMPAIRMENT OF GOODWILL AND INTA

IMPAIRMENT OF GOODWILL AND INTANGIBLE ASSETS	9 Months Ended
	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
IMPAIRMENT OF GOODWILL AND INTANGIBLE ASSETS	4. IMPAIRMENT OF GOODWILL AND INTANGIBLE ASSETS During the three months ended September 30, 2023, the Company considered the decline in its stock price to be an indicator of impairment and, accordingly, performed a quantitative impairment assessment of its goodwill and intangible assets. This assessment involved comparing the estimated fair value of each of its reporting units to the reporting unit’s carrying value, inclusive of the goodwill balance allocated to the reporting unit. Estimation of the fair value of each reporting unit involved the projection of discounted future cash flows using certain assumptions that are subjective in nature, including assumptions related to historical and market growth rates and gross margin improvements, as well as future operating expense synergies and optimization, among other factors. Based on its analysis, the Company determined that the carrying value exceeded the estimated fair value as of September 30, 2023 in all reporting units . 89,087 The fair value measurements used in the evaluation described above are considered to be Level 3 valuations within the fair value hierarchy, as the measurements involve projections of discounted future cash flows, which are derived from unobservable assumptions, the most subjective of which are the discount rates for each respective reporting unit. The discount rate used in for all reporting units ranged from 20 22.5 Changes in goodwill during the nine months ended September 30, 2023 were as follows: SCHEDULE OF GOODWILL Beginning balance January 1, 2023 $ 203,710 Impairment of goodwill (89,087 ) Acquisition of Envoy 30,118 Effect of translation adjustments 140 Ending balance September 30, 2023 $ 144,881 Similarly, the Company determined that the carrying value of certain intangible assets had exceeded its undiscounted cash flows and, as a result, recorded an intangible asset impairment charge of $ 5,143 Changes in intangible assets during the nine months ended September 30, 2023 were as follows: SCHEDULE OF INTANGIBLE ASSETS December 31, 2022 Additions Impairment September 30, 2023 Internal use software $ 1,123 $ - $ - $ 1,123 Capitalized engineering costs 237 - - 237 Trade name and patents 2,759 166 (13 ) 2,912 Customer relationships 21,398 1,925 (4,405 ) 18,918 Favorable leases 257 - - 257 Internally developed technology 5,031 175 (218 ) 4,988 Non-compete agreements 2,253 11 (507 ) 1,757 33,058 2,277 (5,143 ) 30,192 Less: accumulated amortization (6,912 ) (7,194 ) - (14,106 ) Plus: foreign currency translation 436 755 - 1,191 Intangible assets, net $ 26,582 $ (4,162 ) $ (5,143 ) $ 17,277

NOTES PAYABLE

NOTES PAYABLE	9 Months Ended
	Sep. 30, 2023
Debt Disclosure [Abstract]
NOTES PAYABLE	5. NOTES PAYABLE 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, including 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 158,372 1,000 50 1,000 50 BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts)

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	9 Months Ended
	Sep. 30, 2023
Equity [Abstract]
STOCKHOLDERS’ EQUITY	6. STOCKHOLDERS’ EQUITY PUBLIC OFFERING 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 5,320,635 28,260 27,613 6,066,119 36,528 6,066,119 186,763 571 COMMON STOCK During the nine months ended September 30, 2023, the Company issued an aggregate of 557,733 557,733 835 During the nine months ended September 30, 2023, the Company issued an aggregate of 5,866 132 During the nine months ended September 30, 2023, the Company issued an aggregate of 8,235 35 During the nine months ended September 30, 2023, the Company issued an aggregate of 393,240 796,940 3.35 4.25 During the nine months ended September 30, 2023, the Company issued an aggregate of 103,843 128 During the nine months ended September 30, 2023, the Company received 27,681 197 During the nine months ended September 30, 2023, the Company issued an aggregate of 370,899 2,600 See Note 5 – Notes Payable for details of the issuance of 158,372 STOCK-BASED COMPENSATION The Company recognized stock-based compensation expense related to common stock, stock options and warrants for the three and nine months ended September 30, 2023 of $ 1,104 20,543 4,832 7,821 5,008 1.57 BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts)

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2023
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	7. RELATED PARTY TRANSACTIONS See Note 9 – Commitments and Contingencies – Purchase Commitments for disclosure of a commitment made to a related party. JOINT VENTURE The Company and a group of three Cyprus entities entered into a shareholders’ agreement on February 11, 2019, pertaining to the parties’ respective shareholdings in a new joint venture entity, Blink Charging Europe Ltd. (the “Entity”), that was formed under the laws of Cyprus on the same date. The Company owns 40% of the Entity while the other three entities own 60% of the Entity. Subsequently, two of the three other parties exited the joint venture and the remaining other party acquired the ownership of the exiting partners. The Entity currently owns 100% of a Greek subsidiary, Blink Charging Hellas SA (“Hellas”), which operates in the Greek EV market. The obligation to fund the future operations of the Entity is limited Company’s 40% ownership. The Company did not record sales to Hellas during the three and nine months ended September 30, 2023. During the three and nine months ended September 30, 2022, the Company recognized sales of $0 and $68, respectively, As of September 30, 2023 and December 31, 2022 the Company had a payable of approximately $68 and $84, respectively, to Hellas. In addition, the Company had invested $92 and $0 as of September 30, 2023 and December 31, 2022, respectively, in Hellas. 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 September 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 nine months ended September 30, 2023 and 2022 BLINK CHARGING UK LIMITED As of September 30, 2023, several close family members of a senior management employee are providing services to Electric Blue Limited. For the three and nine months ended September 30, 2023, these related parties have collectively provided services worth $ 119 244 0

LEASES

LEASES	9 Months Ended
	Sep. 30, 2023
Leases
LEASES	8. LEASES OPERATING LEASES Total operating lease expenses for the three and nine months ended September 30, 2023 were $ 578 1,727 185 528 As of September 30, 2023, the Company did not have additional operating and financing leases that have not yet commenced. During the three and nine months ended September 30, 2023, the Company recorded $ (1) 115 394 and $ 916 related to finance leases. There were no expenses incurred related to finance leases during the nine months ended September 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 Nine Months Ended September 30, 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 3,014 $ 412 Cash paid for amounts included in the measurement of lease liabilities ; Operating cash flows from operating leases $ 3,014 $ 412 Financing cash flows from finance leases $ 2,103 $ 144 Cash paid for amounts included in the measurement of lease liabilities: Financing cash flows from finance leases $ 2,103 $ 144 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 5,386 $ 398 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 5,386 $ 398 Finance leases $ 3,733 $ 931 Right-of-use assets obtained in exchange for lease obligations: Finance leases $ 3,733 $ 931 Weighted Average Remaining Lease Term Operating leases 3.10 3.21 Finance leases 2.00 2.50 Weighted Average Discount Rate Operating leases 7.7 % 3.8 % Finance leases 6.5 % 6.2 % BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts) 8. LEASES – CONTINUED Future minimum payments under non-cancellable leases as of September 30, 2023 were as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS For the Years Ending December 31, Operating Lease Finance Lease 2023 $ 3,038 $ 1,378 2024 2,397 813 2025 1,775 297 2026 1,209 27 2027 777 21 Thereafter 1,448 - Total future minimum lease payments 10,644 2,536 Less: imputed interest (1,812 ) (192 ) Total $ 8,832 $ 2,344

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	9. COMMITMENTS AND CONTINGENCIES PURCHASE COMMITMENTS As of September 30, 2023, the Company had purchase commitments of approximately $ 49,492 LITIGATION AND DISPUTES The Company may be subject to lawsuits, investigations, intellectual property matters, claims and proceedings, including, but not limited to, contractual disputes with vendors and customers and liabilities related to employment, health and safety matters that may arise in the ordinary course of business. The Company accrues for losses that are both probable and reasonably estimable. Loss contingencies are subject to significant uncertainties and, therefore, determining the likelihood of a loss and/or the measurement of any loss can be complex and subject to change. The Company believes it has recorded adequate provisions for any such lawsuits, investigations, claims, and proceedings as of September 30, 2023, and the Company believes it was not reasonably possible that a material loss had been incurred in excess of the amounts recognized in the condensed consolidated financial statements. Given the inherent uncertainties of litigation, the ultimate outcome of the ongoing matters described herein cannot be predicted with certainty. While litigation is inherently unpredictable, the Company believes it has valid defenses with respect to the legal matters pending against it. However, future events or circumstances, currently unknown to management, may potentially have a material effect on the Company’s financial position, liquidity or results of operations in any future reporting period. On August 24, 2020, a purported securities class action lawsuit, captioned Bush v. Blink Charging Co. et al Vittoria v. Blink Charging Co. et al On September 15, 2020, a shareholder derivative lawsuit, captioned Klein (derivatively on behalf of Blink Charging Co.) v. Farkas et al On December 23, 2020, another shareholder derivative action, captioned Bhatia (derivatively on behalf of Blink Charging Co.) v. Farkas et al In re Blink Charging Company Stockholder Derivative Litigation BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts) 9. COMMITMENTS AND CONTINGENCIES – CONTINUED LITIGATION AND DISPUTES – CONTINUED On February 7, 2022, another shareholder derivative lawsuit, captioned McCauley (derivatively on behalf of Blink Charging Co.) v. Farkas et al WARRANTY The Company estimates an approximate cost of $ 567 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 2,900 383,738 2,900 370,899 2,600

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2023
Accounting Policies [Abstract]
LIQUIDITY	LIQUIDITY As of September 30, 2023, the Company had cash and working capital of $ 66,678 94,455 During the nine months ended September 30, 2023, the Company sold an aggregate of 5,320,635 28,260 647 In February 2023, the Company completed an underwritten registered public offering of 8,333,333 12.00 100,000 95,000 1,249,999 The Company has not yet achieved profitability and expects to continue to incur cash outflows from operations. It is expected that our operating expenses will continue to increase and, as a result, we will eventually need to generate significant product revenues to achieve profitability. Historically, we have been able to raise funds to support our business operations, although there can be no assurance that we will be successful in raising significant additional funds in the future. The Company expects that its cash on hand will fund its operations for at least 12 months after the issuance date of these financial statements. Since inception, the Company’s operations have primarily been funded through proceeds received in equity and debt financings. The Company believes it has access to capital resources and continues to evaluate additional financing opportunities. There is no assurance that the Company will be able to obtain funds on commercially acceptable terms, if at all. There is also no assurance that the amount of funds the Company might raise will enable the Company to complete its development initiatives or attain profitable operations. The Company’s operating needs include the planned costs to operate its business, including amounts required to fund working capital and capital expenditures. The Company’s future capital requirements and the adequacy of its available funds will depend on many factors, including the Company’s ability to successfully commercialize its products and services, competing technological and market developments, and the need to enter into collaborations with other companies or acquire other companies or technologies to enhance or complement its product and service offerings.
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 ( 1.0575 for the Euro, 0.1202 for the Indian Rupee, and 1.2202 for the Pound Sterling as of September 30, 2023), while expense amounts are translated at the weighted average exchange rate for the period ( 1.0644 for the Euro, 0.0120 for the Indian Rupee, and 1.2285 for the Pound Sterling for the nine months ended September 30, 2023). Equity accounts are translated at historical exchange rates. During the nine months ended September 30, 2022, expense amounts are translated at the weighted average exchange rate for the period ( 0.9797 for the Euro, 0.0123 for the Indian Rupee, and 1.1156 for the Pound Sterling). The resulting translation adjustments are recognized in stockholders’ equity as a component of accumulated other comprehensive income. Comprehensive income (loss) is defined as the change in equity of an entity from all sources other than investments by owners or distributions to owners and includes foreign currency translation adjustments as described above. Transaction gains and losses are charged to the condensed consolidated statement of operations as incurred. Transaction gains attributable to foreign exchange were $ 144 and $ 925 595 and $ 836 during the three and nine months ended September 30, 2022, respectively.
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 Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Revenues - Recognized at a Point in Time Product sales $ 35,059 $ 13,358 $ 76,035 $ 30,238 Charging service revenue - company-owned charging stations 3,859 1,256 11,111 3,857 Other 687 418 914 706 Total Revenues - Recognized at a Point in Time 39,605 15,032 88,060 34,801 Revenues - Recognized Over a Period of Time: Network and other fees 2,822 1,765 7,431 2,564 Total Revenues - Recognized Over a Period of Time 2,822 1,765 7,431 2,564 Revenues- Other Car-sharing services 903 367 2,112 885 Grant and rebate 47 83 284 283 Total Revenues - Other 950 450 2,396 1,168 Total Revenue $ 43,377 $ 17,247 $ 97,887 $ 38,533 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 Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Revenues by Geographical Area U.S.A $ 34,126 $ 12,478 $ 71,736 $ 25,657 International 9,251 4,769 26,151 12,876 Total Revenue $ 43,377 $ 17,247 $ 97,887 $ 38,533 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 September 30, 2023, the Company had $ 21,935 12,233 During the three and nine months ended September 30, 2023, the Company recognized $ 771 1,778 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 September 30, 2023 and 2022, the Company recorded $ 47 83 284 283 65 45 168 162 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 September 30, 2023 and 2022, the Company recognized $ 903 367 2,112 885 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 September 30, 2023, the Company made purchases from a significant supplier that represented 17 20 26 19 18
NET LOSS PER COMMON SHARE	NET LOSS PER COMMON SHARE Basic net loss per common share is computed by dividing the 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 the 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 Nine Months Ended September 30, 2023 2022 Warrants 1,150,152 3,156,861 Options 1,035,867 1,055,217 Total potentially dilutive shares 2,186,019 4,212,078
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.
RECENTLY ISSUED ACCOUNTING STANDARDS	RECENTLY ISSUED ACCOUNTING STANDARDS In August 2023, the FASB issued ASU 2023-05, “Business Combinations - Joint Venture Formations (Subtopic 805-60): Recognition and Initial Measurement,” under which an entity that qualifies as either a joint venture or a corporate joint venture as defined in the FASB Accounting Standards Codification (“ASC”) master glossary is required to apply a new basis of accounting upon the formation of the joint venture. Specifically, the ASU provides that a joint venture or a corporate joint venture (collectively, “joint ventures”) must initially measure its assets and liabilities at fair value on the formation date., the amendments are effective for all joint ventures within the ASU’s scope that are formed on or after January 1, 2025. Early adoption is permitted in any annual or interim period as of the beginning of the related fiscal year. The adoption of this pronouncement is not expected to have a material impact on the Company’s condensed consolidated financial statements. In October 2023, the FASB issued ASU 2023-06, “Disclosure Improvements.” For entities subject to the SEC’s existing disclosure requirements and for entities required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer, the effective date for each amendment will be the date on which the SEC’s removal of that related disclosure from Regulation S-X or Regulation S-K becomes effective. If by June 30, 2027, the SEC has not removed the applicable requirement from Regulation S-X or Regulation S-K, the pending content of the related amendment will be removed from the Codification and will not become effective for any entity. The adoption of this pronouncement is not expected to have a material impact on the Company’s condensed consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 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 Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Revenues - Recognized at a Point in Time Product sales $ 35,059 $ 13,358 $ 76,035 $ 30,238 Charging service revenue - company-owned charging stations 3,859 1,256 11,111 3,857 Other 687 418 914 706 Total Revenues - Recognized at a Point in Time 39,605 15,032 88,060 34,801 Revenues - Recognized Over a Period of Time: Network and other fees 2,822 1,765 7,431 2,564 Total Revenues - Recognized Over a Period of Time 2,822 1,765 7,431 2,564 Revenues- Other Car-sharing services 903 367 2,112 885 Grant and rebate 47 83 284 283 Total Revenues - Other 950 450 2,396 1,168 Total Revenue $ 43,377 $ 17,247 $ 97,887 $ 38,533
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 Nine Months Ended September 30, September 30, 2023 2022 2023 2022 Revenues by Geographical Area U.S.A $ 34,126 $ 12,478 $ 71,736 $ 25,657 International 9,251 4,769 26,151 12,876 Total Revenue $ 43,377 $ 17,247 $ 97,887 $ 38,533
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 Nine Months Ended September 30, 2023 2022 Warrants 1,150,152 3,156,861 Options 1,035,867 1,055,217 Total potentially dilutive shares 2,186,019 4,212,078

BUSINESS COMBINATION (Tables)

BUSINESS COMBINATION (Tables) - Envoy Technologies, Inc. [Member]	9 Months Ended
	Sep. 30, 2023
Business Acquisition [Line Items]
SCHEDULE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED	The following table summarizes the 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 Measurement Purchase Price Purchase Consideration: Cash $ 6,000 $ - $ 6,000 Deferred cash consideration 6,782 - 6,782 Common stock 18,118 - 18,118 Total Purchase Consideration $ 30,900 $ - $ 30,900 Less: Trade name $ 291 $ (125 ) $ 166 Customer relationships 4,170 (2,245 ) 1,925 Internally developed technology 334 (159 ) 175 Non-compete agreements - 11 11 Property and equipment 1,802 - 1,802 Other assets 52 - 52 Notes payable - non-current portion (24 ) - (24 ) Lease liability - non-current portion (1,730 ) - (1,730 ) Debt-free net working capital deficit (1,792 ) 197 (1,595 ) Fair Value of Identified Net Assets $ 3,103 $ (2,321 ) $ 782 Remaining Unidentified Goodwill Value $ 27,797 $ 2,321 $ 30,118 The components of debt free net working capital deficit are as follows: Purchase Price Measurement Purchase Price Current assets: Cash $ 19 $ - $ 19 Accounts receivable 391 - 391 Prepaid expenses and other current assets 254 - 254 Total current assets $ 664 $ - $ 664 Less current liabilities: Accounts payable $ 853 $ - $ 853 Current portion of lease liability 591 - 591 Current portion of notes payable 7 - 7 Deferred revenue 229 - 229 Accrued expenses and other current liabilities 776 (197 ) 579 Total current liabilities $ 2,456 $ (197 ) $ 2,259 Net working capital deficit $ (1,792 ) $ 197 $ (1,595 )
SCHEDULE OF PROFORMA INFORMATION OF OPERATIONS	SCHEDULE OF PROFORMA INFORMATION OF OPERATIONS 2023 2022 2023 2022 For the Three Months Ended For the Nine Months Ended 2023 2022 2023 2022 (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenues $ 43,544 $ 18,138 $ 98,757 $ 40,898 Net loss $ (113,977 ) $ (27,268 ) $ (185,867 ) $ (66,730 )

IMPAIRMENT OF GOODWILL AND IN_2

IMPAIRMENT OF GOODWILL AND INTANGIBLE ASSETS (Tables)	9 Months Ended
	Sep. 30, 2023
SCHEDULE OF GOODWILL
SCHEDULE OF INTANGIBLE ASSETS	Changes in intangible assets during the nine months ended September 30, 2023 were as follows: SCHEDULE OF INTANGIBLE ASSETS December 31, 2022 Additions Impairment September 30, 2023 Internal use software $ 1,123 $ - $ - $ 1,123 Capitalized engineering costs 237 - - 237 Trade name and patents 2,759 166 (13 ) 2,912 Customer relationships 21,398 1,925 (4,405 ) 18,918 Favorable leases 257 - - 257 Internally developed technology 5,031 175 (218 ) 4,988 Non-compete agreements 2,253 11 (507 ) 1,757 33,058 2,277 (5,143 ) 30,192 Less: accumulated amortization (6,912 ) (7,194 ) - (14,106 ) Plus: foreign currency translation 436 755 - 1,191 Intangible assets, net $ 26,582 $ (4,162 ) $ (5,143 ) $ 17,277

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 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 Nine Months Ended September 30, 2023 2022 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 3,014 $ 412 Cash paid for amounts included in the measurement of lease liabilities ; Operating cash flows from operating leases $ 3,014 $ 412 Financing cash flows from finance leases $ 2,103 $ 144 Cash paid for amounts included in the measurement of lease liabilities: Financing cash flows from finance leases $ 2,103 $ 144 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 5,386 $ 398 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 5,386 $ 398 Finance leases $ 3,733 $ 931 Right-of-use assets obtained in exchange for lease obligations: Finance leases $ 3,733 $ 931 Weighted Average Remaining Lease Term Operating leases 3.10 3.21 Finance leases 2.00 2.50 Weighted Average Discount Rate Operating leases 7.7 % 3.8 % Finance leases 6.5 % 6.2 %
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS	Future minimum payments under non-cancellable leases as of September 30, 2023 were as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS For the Years Ending December 31, Operating Lease Finance Lease 2023 $ 3,038 $ 1,378 2024 2,397 813 2025 1,775 297 2026 1,209 27 2027 777 21 Thereafter 1,448 - Total future minimum lease payments 10,644 2,536 Less: imputed interest (1,812 ) (192 ) Total $ 8,832 $ 2,344

SCHEDULE OF REVENUE RECOGNITION

SCHEDULE OF REVENUE RECOGNITION BY CONTRACT (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Product Information [Line Items]
Total Revenue	$ 43,377	$ 17,247	$ 97,887	$ 38,533
Total Revenues - Other	950	450	2,396	1,168
Car Sharing Services [Member]
Product Information [Line Items]
Total Revenues - Other	903	367	2,112	885
Grant and Rebate [Member]
Product Information [Line Items]
Total Revenues - Other	47	83	284	283
Transferred at Point in Time [Member]
Product Information [Line Items]
Total Revenue	39,605	15,032	88,060	34,801
Transferred at Point in Time [Member] | Product [Member]
Product Information [Line Items]
Total Revenue	35,059	13,358	76,035	30,238
Transferred at Point in Time [Member] | Service [Member]
Product Information [Line Items]
Total Revenue	3,859	1,256	11,111	3,857
Transferred at Point in Time [Member] | Other [Member]
Product Information [Line Items]
Total Revenue	687	418	914	706
Transferred over Time [Member]
Product Information [Line Items]
Total Revenue	2,822	1,765	7,431	2,564
Transferred over Time [Member] | Network and Other Fees [Member]
Product Information [Line Items]
Total Revenue	$ 2,822	$ 1,765	$ 7,431	$ 2,564

SCHEDULE OF REVENUE RECOGNITI_2

SCHEDULE OF REVENUE RECOGNITION BY GEOGRAPHICAL AREA (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Total Revenue	$ 43,377	$ 17,247	$ 97,887	$ 38,533
UNITED STATES
Total Revenue	34,126	12,478	71,736	25,657
Non-US [Member]
Total Revenue	$ 9,251	$ 4,769	$ 26,151	$ 12,876

SCHEDULE OF OUTSTANDING DILUTED

SCHEDULE OF OUTSTANDING DILUTED SHARES EXCLUDED FROM DILUTED LOSS PER SHARE COMPUTATION (Details) - shares	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	2,186,019	4,212,078
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	1,150,152	3,156,861
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	1,035,867	1,055,217

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended							9 Months Ended
	Feb. 28, 2023 USD ($) $ / shares shares	Sep. 30, 2023 USD ($) shares		Jun. 30, 2023 shares	[1]	Mar. 31, 2023 shares	[2]	Sep. 30, 2022 USD ($)	Sep. 30, 2023 USD ($) shares	Sep. 30, 2022 USD ($)	Dec. 31, 2022 USD ($)
Product Information [Line Items]
Cash and cash equivalents		$ 66,678						$ 57,019	$ 66,678	$ 57,019	$ 36,562
Working capital		94,455							94,455
Foreign currency transaction, gain		144							925
Foreign currency transaction, loss								595		836
Contract liabilities									21,935
Revenue remaining performance obligation		12,233							12,233
Revenues related to network fees and warranty contracts		771							1,778
Revenue recognized performance obligation satisfied in previous period									0
Revenue		$ 43,377						17,247	$ 97,887	$ 38,533
Supplier Concentration Risk [Member] | Cost of Goods and Service Benchmark [Member] | Supplier [Member]
Product Information [Line Items]
Concentration risk, percentage		17%							20%	26%
Supplier Concentration Risk [Member] | Accounts Payable [Member] | Vendor One [Member]
Product Information [Line Items]
Concentration risk, percentage									19%
Supplier Concentration Risk [Member] | Accounts Payable [Member] | Vendor Two [Member]
Product Information [Line Items]
Concentration risk, percentage									18%
Grant and Rebate [Member]
Product Information [Line Items]
Grant and rebate revenue		$ 47						83	$ 284	$ 283
Alternative Fuel Credits [Member]
Product Information [Line Items]
Alternative fuel credits revenue		65						45	168	162
Car-sharing Services [Member]
Product Information [Line Items]
Revenue		$ 903						$ 367	$ 2,112	$ 885
Euro [Member]
Product Information [Line Items]
Foreign Currency Exchange Rate, Translation		1.0575							1.0575
[custom:WeightedAverageRateForeignDeposits-0]		1.0644						0.9797	1.0644	0.9797
Indian Rupee [Member]
Product Information [Line Items]
Foreign Currency Exchange Rate, Translation		0.1202							0.1202
[custom:WeightedAverageRateForeignDeposits-0]		0.0120						0.0123	0.0120	0.0123
Pound Sterling [Member]
Product Information [Line Items]
Foreign Currency Exchange Rate, Translation		1.2202							1.2202
[custom:WeightedAverageRateForeignDeposits-0]		1.2285						1.1156	1.2285	1.1156
IPO [Member]
Product Information [Line Items]
Common stock issued in public offering, shares | shares	8,333,333
Offering price per share | $ / shares	$ 12
Gross proceeds from public offering	$ 100,000
Proceeds from issuance initial public offering	$ 95,000
Common stock purchase, shares | shares	1,249,999
Common Stock [Member]
Product Information [Line Items]
Shares of common stock | shares									5,320,635
Gross proceeds									$ 28,260
Issuance cost									$ 647
Common stock issued in public offering, shares | shares		2,477,948	[1]	2,842,687		8,333,333			557,733
[1]Includes gross proceeds of $ 18,868 380 100,000 5,234

SCHEDULE OF ASSETS ACQUIRED AND

SCHEDULE OF ASSETS ACQUIRED AND LIABILITIES ASSUMED (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Apr. 18, 2023	Dec. 31, 2022
Business Acquisition [Line Items]
Remaining Unidentified Goodwill Value	$ 144,881		$ 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		166
Customer relationships		1,925
Internally developed technology		175
Non-compete agreements		11
Property and equipment		1,802
Other assets		52
Notes payable - non-current portion		(24)
Lease liability - non-current portion		(1,730)
Debt-free net working capital deficit		(1,595)
Fair Value of Identified Net Assets		782
Remaining Unidentified Goodwill Value		30,118
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		579
Total current liabilities		2,259
Net working capital deficit		(1,595)
Envoy Technologies, Inc. [Member] | Previously Reported [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
Non-compete agreements
Property and equipment		1,802
Other assets		52
Notes payable - non-current portion		(24)
Lease liability - non-current portion		(1,730)
Debt-free 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)
Envoy Technologies, Inc. [Member] | Revision of Prior Period, Reclassification, Adjustment [Member]
Business Acquisition [Line Items]
Cash
Deferred cash consideration
Common stock
Total Purchase Consideration
Trade name		(125)
Customer relationships		(2,245)
Internally developed technology		(159)
Non-compete agreements		11
Property and equipment
Other assets
Notes payable - non-current portion
Lease liability - non-current portion
Debt-free net working capital deficit		197
Fair Value of Identified Net Assets		(2,321)
Remaining Unidentified Goodwill Value		2,321
Cash
Accounts receivable
Prepaid expenses and other current assets
Total current assets
Accounts payable
Current portion of lease liability
Current portion of notes payable
Deferred revenue
Accrued expenses and other current liabilities		(197)
Total current liabilities		(197)
Net working capital deficit		$ 197

SCHEDULE OF PROFORMA INFORMATIO

SCHEDULE OF PROFORMA INFORMATION OF OPERATIONS (Details) - Envoy Technologies, Inc. [Member] - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Business Acquisition [Line Items]
Revenues	$ 43,544	$ 18,138	$ 98,757	$ 40,898
Net loss	$ (113,977)	$ (27,268)	$ (185,867)	$ (66,730)

BUSINESS COMBINATION (Details N

BUSINESS COMBINATION (Details Narrative) - USD ($) $ in Thousands		3 Months Ended						5 Months Ended	9 Months Ended
	Apr. 18, 2023	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Jun. 30, 2022	Mar. 31, 2022	Sep. 30, 2023	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Business Acquisition [Line Items]
Cash paid									$ 4,660
[custom:WorkingCapitalDeficit-0]		$ 94,455						$ 94,455	94,455
Consideration payable		18,118						18,118	18,118
Fair value		18,118						18,118	18,118
Goodwill		144,881						144,881	144,881		$ 203,710
Revenues		43,377			$ 17,247				97,887	38,533
Net loss		$ (112,721)	$ (41,482)	$ (29,801)	$ (25,647)	$ (22,621)	$ (15,143)		$ (184,004)	$ (63,411)
Envoy Technologies, Inc. [Member]
Business Acquisition [Line Items]
Purchase price of business combination	$ 30,900
[custom:WorkingCapitalDeficit-0]	1,595
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 ($3,440 was paid at Closing and $2,560 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	$ 30,118
Revenues								1,896
Net loss								$ 1,451
Business combination, acquisition related costs	$ 333
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	5 years 3 months 18 days
Percentage of discount	21%
Percentage of assumed income tax rate	26%
Envoy Technologies, Inc. [Member] | Non Compete Agreement [Member]
Business Acquisition [Line Items]
Intangible asset, useful life	2 years
Percentage of discount	21%
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%

SCHEDULE OF GOODWILL (Details)

SCHEDULE OF GOODWILL (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning balance January 1, 2023			$ 203,710
Impairment of goodwill	$ (89,087)		(89,087)
Acquisition of Envoy			30,118
Effect of translation adjustments			140
Ending balance September 30, 2023	$ 144,881		$ 144,881

SCHEDULE OF INTANGIBLE ASSETS (

SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022	Dec. 31, 2022
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross			$ 33,058
Intangible assets, gross			2,277
Intangible assets, gross	$ 5,143		5,143
Intangible assets, gross	30,192		30,192		$ 33,058
Intangible assets, gross	(5,143)		(5,143)
Accumulated amortization	14,106		14,106		(6,912)
Accumulated amortization	(7,194)		(7,194)
Accumulated amortization impairment
Accumulated amortization	(14,106)		(14,106)		6,912
Foreign currency translation			1,191		436
Foreign currency translation	755		755
Foreign currency translation impairment
Intangible assets, net, beginning balance			26,582
Intangible assets, additions			(4,162)
Intangible assets, net, Impairment			(5,143)
Intangible assets, net, ending balance	17,277		17,277		26,582
Internal Use Software [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross			1,123
Intangible assets, gross
Intangible assets, gross
Intangible assets, gross	1,123		1,123		1,123
Intangible assets, gross
Capitalized Engineering Costs [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross			237
Intangible assets, gross
Intangible assets, gross
Intangible assets, gross	237		237		237
Intangible assets, gross
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross			2,759
Intangible assets, gross			166
Intangible assets, gross			(13)
Intangible assets, gross	2,912		2,912		2,759
Intangible assets, gross			13
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross			21,398
Intangible assets, gross			1,925
Intangible assets, gross			(4,405)
Intangible assets, gross	18,918		18,918		21,398
Intangible assets, gross			4,405
Favorable Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross			257
Intangible assets, gross
Intangible assets, gross
Intangible assets, gross	257		257		257
Intangible assets, gross
Internally Developed Technology [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross			5,031
Intangible assets, gross			175
Intangible assets, gross			(218)
Intangible assets, gross	4,988		4,988		5,031
Intangible assets, gross			218
Noncompete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross			2,253
Intangible assets, gross			11
Intangible assets, gross			(507)
Intangible assets, gross	$ 1,757		1,757		$ 2,253
Intangible assets, gross			$ 507

IMPAIRMENT OF GOODWILL AND IN_3

IMPAIRMENT OF GOODWILL AND INTANGIBLE ASSETS (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment loss	$ 89,087		$ 89,087
Impairment of intangible assets	$ 5,143		$ 5,143
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill discount rate			20%
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill discount rate			22.50%

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($) $ in Thousands		3 Months Ended							9 Months Ended
	Aug. 04, 2023	Sep. 30, 2023		Jun. 30, 2023	[2]	Mar. 31, 2023	[3]	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Restructuring Cost and Reserve [Line Items]
Fair value of common stock		$ 9,125	[1]	$ 18,488		$ 94,766
Loss on extinguishment of notes payable		(1,000)							$ (1,000)
Deferred Merger Consideration [Member]
Restructuring Cost and Reserve [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.
Number of common stock issued	158,372
Fair value of common stock	$ 1,000
Reimbursable legal fee	$ 50
Loss on extinguishment of notes payable		$ 1,000							$ 1,000
[1]Includes gross proceeds of $ 9,392 267 18,868 380 100,000 5,234

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended		3 Months Ended							9 Months Ended
		Feb. 28, 2023	Sep. 22, 2022	Sep. 30, 2023		Jun. 30, 2023		Mar. 31, 2023	[4]	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Subsidiary, Sale of Stock [Line Items]
Proceeds from issuance initial public offering	[1]										$ 122,379
Number of shares common stock				$ 9,125	[2]	$ 18,488	[3]	$ 94,766
Satisfaction of a common stock liability						$ 35
Surrender and cancellation of common stock				(197)
Number of common shares issued extinguishment of notes payable											158,372
Unrecognized stock-based compensation expense				$ 5,008							$ 5,008
Weighted average remaining vesting period											1 year 6 months 25 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
Employees and CEO [Member]
Subsidiary, Sale of Stock [Line Items]
Number of common shares issued for service											103,843
Number of common shares issued for service, value											$ 128
Former CEO [Member]
Subsidiary, Sale of Stock [Line Items]
Number of common shares issued for service											370,899
Number of common shares issued for service, value											$ 2,600
Common Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Number of common stock issued				2,477,948	[3]	2,842,687	[3]	8,333,333			557,733
Gross proceeds											$ 28,260
shares of common stock											5,320,635
Number of shares common stock				$ 3	[2]	$ 4	[3]	$ 8
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
Surrender and cancellation of common stock, shares				(27,681)							27,681
Surrender and cancellation of common stock											$ 197
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				$ 1,104						$ 4,832	$ 20,543	$ 7,821
Sales Agreement [Member] | Roth Capital Partners LLC [Member]
Subsidiary, Sale of Stock [Line Items]
Number of common stock issued											186,763
Gross proceeds			$ 250,000								$ 36,528
shares of common stock											6,066,119
Number of shares common stock											$ 571
Sales Agreement [Member] | Roth Capital Partners LLC [Member] | Common Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Gross proceeds											$ 28,260
shares of common stock											5,320,635
Net proceeds											$ 27,613
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Number of common stock issued		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 $ 128,260 5,881 9,392 267 18,868 380 100,000 5,234

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - Electric Blue Limited [Member] $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2023 USD ($)	Sep. 30, 2023 USD ($)
Restructuring Cost and Reserve [Line Items]
Related parties services worth, amount	$ 119	$ 244
Purchase commitments	$ 0	$ 0

SCHEDULE OF SUPPLEMENTAL CASH F

SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022
Leases
Cash paid for amounts included in the measurement of lease liabilities ; Operating cash flows from operating leases	$ 3,014	$ 412
Cash paid for amounts included in the measurement of lease liabilities: Financing cash flows from finance leases	2,103	144
Right-of-use assets obtained in exchange for lease obligations: Operating leases	5,386	398
Right-of-use assets obtained in exchange for lease obligations: Finance leases	$ 3,733	$ 931
Weighted Average Remaining Lease Term, Operating leases	3 years 1 month 6 days	3 years 2 months 15 days
Weighted Average Remaining Lease Term, Finance leases	2 years	2 years 6 months
Weighted Average Discount Rate, Operating leases	7.70%	3.80%
Weighted Average Discount Rate, Finance leases	6.50%	6.20%

SCHEDULE OF FUTURE MINIMUM LEAS

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS (Details) $ in Thousands	Sep. 30, 2023 USD ($)
Lessee, Operating Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
Operating Lease 2023	$ 3,038
Operating Lease 2024	2,397
Operating Lease 2025	1,775
Operating Lease 2026	1,209
Operating Lease 2027	777
Thereafter	1,448
Operating Lease Total future minimum lease payments	10,644
Operating Lease Less: imputed interest	(1,812)
Operating Lease Total	8,832
Finance Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
Finance Lease 2023	1,378
Finance Lease 2024	813
Finance Lease 2025	297
Finance Lease 2026	27
Finance Lease 2027	21
Thereafter
Finance Lease Total future minimum lease payments	2,536
Finance Lease Less: imputed interest	(192)
Finance Lease Total	$ 2,344

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2023	Sep. 30, 2022	Sep. 30, 2023	Sep. 30, 2022
Leases
Operating lease expense	$ 578,000	$ 185,000	$ 1,727,000	$ 528,000
Finance lease interest expense	(1)		(115)
Finance lease interest expense	$ 1		$ 115
Amortization of debt issuance costs		$ 394,000		$ 916,000

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) $ in Thousands	6 Months Ended	9 Months Ended
	Jun. 30, 2023	Sep. 30, 2023	Jun. 21, 2023
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Purchase commitments		$ 49,492
Repair deployed chargers		567
Chief Executive Officer [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Cash compensation			$ 6,028
Shares of common stock issued			383,738
Stock-based compensation expense		$ 2,900
Mr Farkas [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Shares of common stock issued	370,899	383,738
Stock-based compensation expense	$ 2,600	$ 2,900