Blink Charging (BLNK) 10-Q 10 May 24 2024 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Mar. 31, 2024	May 09, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Mar. 31, 2024
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2024
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	5081 Howerton Way
Entity Address, Address Line Two	Suite A
Entity Address, City or Town	Bowie
Entity Address, State or Province	MD
Entity Address, Postal Zip Code	20715
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	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		100,989,408

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 93,458	$ 121,691
Accounts receivable, net	53,608	45,447
Inventory, net	44,679	47,942
Prepaid expenses and other current assets	5,990	6,654
Total Current Assets	197,735	221,734
Restricted cash	77	79
Property and equipment, net	37,205	35,127
Operating lease right-of-use asset	9,616	9,731
Intangible assets, net	13,857	16,298
Goodwill	144,881	144,881
Other assets	1,124	669
Total Assets	404,495	428,519
Current Liabilities:
Accounts payable	26,300	31,193
Accrued expenses and other current liabilities	15,477	14,143
Notes payable	6,792	6,792
Current portion of operating lease liabilities	3,794	3,448
Current portion of financing lease liabilities	436	512
Current portion of deferred revenue	14,430	13,613
Total Current Liabilities	67,229	69,701
Consideration payable	19,818	49,434
Operating lease liabilities, non-current portion	6,714	7,025
Financing lease liabilities, non-current portion	123	163
Other liabilities	337	337
Deferred revenue, non-current portion	13,536	12,462
Total Liabilities	107,757	139,122
Commitments and contingencies (Note 8)
Stockholders’ Equity:
Common stock, $0.001 par value, 500,000,000 shares authorized, 100,996,579 and 92,818,233 shares issued and outstanding as of March 31, 2024 and December 31, 2023, respectively	101	93
Additional paid-in capital	855,306	829,563
Accumulated other comprehensive loss	(3,773)	(2,536)
Accumulated deficit	(554,896)	(537,723)
Total Stockholders’ Equity	296,738	289,397
Total Liabilities and Stockholders’ Equity	$ 404,495	$ 428,519

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2024	Dec. 31, 2023
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	100,996,579	92,818,233
Common stock, shares outstanding	100,996,579	92,818,233

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Revenues:
Total Revenues	$ 37,568	$ 21,668
Cost of Revenues:
Total Cost of Revenues	24,149	17,125
Gross Profit	13,419	4,543
Operating Expenses:
Compensation	14,957	22,709
General and administrative expenses	7,777	8,478
Other operating expenses	6,438	4,195
Change in fair value of consideration payable	1,700
Total Operating Expenses	30,872	35,382
Loss From Operations	(17,453)	(30,839)
Other Income:
Interest expense	(427)	(617)
Foreign transaction (loss) gain	(30)	1,807
Change in fair value of derivative and other accrued liabilities	2	10
Dividend and interest income	763	50
Total Other Income	308	1,250
Loss Before Income Taxes	(17,145)	(29,589)
Provision for income taxes	(28)	(212)
Net Loss	$ (17,173)	$ (29,801)
Net Loss Per Share:
Basic	$ (0.17)	$ (0.53)
Diluted	$ (0.17)	$ (0.53)
Weighted Average Number of Common Shares Outstanding:
Basic	99,902,470	56,469,928
Diluted	99,902,470	56,469,928
Product [Member]
Revenues:
Total Revenues	$ 27,508	$ 16,389
Cost of Revenues:
Total Cost of Revenues	16,602	11,731
Service [Member]
Revenues:
Total Revenues	5,027	2,885
Cost of Revenues:
Total Cost of Revenues	705	887
Network [Member]
Revenues:
Total Revenues	2,065	1,628
Cost of Revenues:
Total Cost of Revenues	589	437
Warranty [Member]
Revenues:
Total Revenues	953	393
Grant And Fees Rebate [Member]
Revenues:
Total Revenues	583	49
Car Sharing Services [Member]
Revenues:
Total Revenues	1,097	252
Cost of Revenues:
Total Cost of Revenues	862	637
Other [Member]
Revenues:
Total Revenues	335	72
Host Provider Fees [Member]
Cost of Revenues:
Total Cost of Revenues	3,042	1,647
Warranty and Repairs and Maintenance [Member]
Cost of Revenues:
Total Cost of Revenues	605	948
Depreciation and Amortization [Member]
Cost of Revenues:
Total Cost of Revenues	$ 1,744	$ 838

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net Loss	$ (17,173)	$ (29,801)
Other Comprehensive Loss:
Cumulative translation adjustments	(1,237)	(850)
Total Comprehensive Loss	$ (18,410)	$ (30,651)

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, 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
Stock-based compensation			7,757			7,757
Stock-based compensation, shares		5,866
Other comprehensive loss				(850)		(850)
Net loss					(29,801)	(29,801)
Common stock issued upon exercises of warrants		$ 1	834			835
Common stock issued upon exercise of warrants, shares		557,733
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, 2023		$ 93	829,563	(2,536)	(537,723)	289,397
Balance, shares at Dec. 31, 2023		92,818,233
Common stock issued in public offering, net of issuance costs	[2]	$ 8	25,062			25,070
Common stock issued in public offering, net of issuance costs, shares	[2]	8,177,472
Stock-based compensation			681			681
Stock-based compensation, shares		837
Other comprehensive loss				(1,237)		(1,237)
Net loss					(17,173)	(17,173)
Balance at Mar. 31, 2024		$ 101	$ 855,306	$ (3,773)	$ (554,896)	$ 296,738
Balance, shares at Mar. 31, 2024		100,996,542
[1]Includes gross proceeds of $ 100,000 25,651

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Proceeds from public offering, gross	$ 25,651	$ 100,000
Stock issuance costs	$ 581	$ 5,234

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2024	Mar. 31, 2023
Cash Flows From Operating Activities:
Net loss		$ (17,173)	$ (29,801)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		3,343	3,166
Non-cash lease expense		497	438
Change in fair value of contingent consideration			8
Gain on disposal of fixed assets		(32)	(37)
Change in fair value of derivative and other accrued liabilities		2	10
Change in fair value of consideration payable		1,700
Provision for slow moving and obsolete inventory		762
Provision for bad debt		548	555
Stock-based compensation:
Common stock		635	3,685
Options		282	4,090
Changes in operating assets and liabilities:
Accounts receivable and other receivables		(10,629)	(4,377)
Inventory		1,981	(4,903)
Prepaid expenses and other current assets		615	(590)
Other assets		(459)	(181)
Accounts payable and accrued expenses		(5,271)	3,876
Other liabilities			4
Lease liabilities		(339)	(346)
Deferred revenue		2,062	226
Total Adjustments		(4,303)	5,624
Net Cash Used In Operating Activities		(21,476)	(24,177)
Cash Flows From Investing Activities:
Capitalization of engineering costs			(550)
Purchases of property and equipment		(2,830)	(1,665)
Net Cash Used In Investing Activities		(2,830)	(2,215)
Cash Flows From Financing Activities:
Proceeds from sale of common stock in public offering, net	[1]	25,070	94,766
Repayment of note payable		(31,354)
Proceeds from exercise of options and warrants			835
Repayment of financing liability in connection with finance lease		(169)	(92)
Payment of financing liability in connection with internal use software		(250)	(149)
Net Cash (Used In) Provided By Financing Activities		(6,703)	95,360
Effect of Exchange Rate Changes on Cash and Cash Equivalents		2,774	(2,321)
Net (Decrease) Increase In Cash and Cash Equivalents and Restricted Cash		(28,235)	66,647
Cash and Cash Equivalents and Restricted Cash - Beginning of Period		121,770	36,633
Cash and Cash Equivalents and Restricted Cash - End of Period		93,535	103,280
Cash and cash equivalents and restricted cash consisted of the following:
Cash and cash equivalents		93,458	103,202
Restricted cash		77	78
Total Cash and cash equivalents and restricted cash		93,535	103,280
Cash paid during the period for:
Interest		1,139
Income taxes
Non-cash investing and financing activities:
Right-of-use assets obtained in exchange for lease obligations		375	1,209
Property and equipment obtained in exchange for finance lease obligations		53
Transfer of inventory to property and equipment		$ (307)	$ (427)
[1]Includes gross proceeds of $ 25,651 581

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Statement of Cash Flows [Abstract]
Proceeds from public offering, gross	$ 25,651
Offering proceeds cost	$ 581

BUSINESS ORGANIZATION, NATURE O

BUSINESS ORGANIZATION, NATURE OF OPERATIONS AND BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BUSINESS ORGANIZATION, NATURE OF OPERATIONS AND BASIS OF PRESENTATION	1. BUSINESS ORGANIZATION, NATURE OF OPERATIONS AND BASIS OF PRESENTATION Organization and Operations Blink Charging Co., through its wholly-owned subsidiaries (collectively, the “Company” or “Blink”), is a leading 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, Envoy Mobility, Inc. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and disclosures required by U.S. GAAP for complete financial statements. In the opinion of management, such statements include all adjustments (consisting only of normal recurring items) which are considered necessary for a fair presentation of the condensed consolidated financial statements of the Company as of March 31, 2024 and for the three months then ended. The results of operations for the three months ended March 31, 2024 are not necessarily indicative of the operating results for the full year ending December 31, 2024 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, 2023 and for the year then ended, which were filed with the Securities and Exchange Commission (“SEC”) on March 18, 2024 as part of the Company’s Annual Report on Form 10-K.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Since the Annual Report for the year ended December 31, 2023, there have been no material changes to the Company’s significant accounting policies, except as disclosed in this note. LIQUIDITY As of March 31, 2024, the Company had cash and cash equivalents of $ 93,458 and working capital of $ 130,506 . During the three months ended March 31, 2024, the Company incurred a net loss of $ 17,173 . During the three months ended March 31, 2024, the Company used cash in operating activities of $ 21,476 . During the three months ended March 31, 2024, the Company sold an aggregate of 8,177,472 25,651 581 The Company has not yet achieved profitability and expects to continue to incur cash outflows from operations. It is expected that the Company’s operating expenses will continue to increase and, as a result, it will eventually need to generate significant product revenues to achieve profitability. Historically, the Company has been able to raise funds to support its business operations, although there can be no assurance that it 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 financing. 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. During 2023, the Company commenced a plan designed to improve the Company’s liquidity by enhancing revenue economics and reducing selling, general, and administrative expenses. The plan seeks to achieve these goals by increasing gross profit through product optimization, integration of SemaConnect, Blink UK/EB and Blue Corner acquisitions, and reduction of operating expenses through cost avoidance and cost cutting strategies. There can be no assurances that 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 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 ( 1.0796 0.1199 1.2627 1.0806 0.0120 1.2638 1.0741 0.0122 1.2206 30 1,807 ASSETS HELD FOR SALE The Company initially measures an asset that is classified as held for sale at the lower of its carrying amount or fair value less costs to sell. The Company assesses the fair value of an asset less costs to sell each reporting period that it remains classified as held for sale, and reports any subsequent changes as an adjustment to the carrying amount of the asset. Assets are not depreciated or amortized while they are classified as held for sale. Office Building During the three months ended March 31, 2024, the Company commenced plans to sell an office building in Miami Beach, Florida containing approximately 10,000 3,675 3,692 Underperforming Subsidiary During the first quarter of 2024, the Company’s Board of Directors approved a plan for the sale of underperforming assets of a subsidiary. On April 30, 2024, the Company entered into an agreement to sell installed and inventory charging units and the associated agreements with existing customers, hosts, and drivers. This transaction is expected to close during the second quarter of 2024. As a result of the approved plan and sale agreement, the Company recorded an estimated loss o f $ 564 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 Other revenues primarily is d The following table summarizes revenue recognized in the condensed consolidated statements of operations: SCHEDULE OF REVENUE RECOGNITION BY CONTRACT 2024 2023 For The Three Months Ended March 31, 2024 2023 Revenues - Recognized at a Point in Time Product sales $ 27,508 $ 16,389 Charging service revenue - company-owned charging stations 5,027 2,885 Other 335 72 Total Revenues - Recognized at a Point in Time 32,870 19,346 Revenues - Recognized Over a Period of Time: Network and other fees 3,018 2,021 Total Revenues - Recognized Over a Period of Time 3,018 2,021 Revenues- Other Car-sharing services 1,097 252 Grant and rebate 583 49 Total Revenues - Other 1,680 301 Total Revenue $ 37,568 $ 21,668 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 our revenue recognized in the condensed consolidated statements of operations by geographical area: SCHEDULE OF REVENUE RECOGNITION BY GEOGRAPHICAL AREA 2024 2023 For The Three Months Ended March 31, 2024 2023 Revenues by Geographical Area U.S.A $ 27,976 $ 13,175 International 9,592 8,493 Total Revenue $ 37,568 $ 21,668 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 services, the Company records deferred revenue until the performance obligations are satisfied. As of March 31, 2024, the Company had $ 27,966 14,430 The Company has elected to apply the practical expedient to expense costs to obtain contracts at the time the liability is incurred when the expected amortization period is one year or less. During the three months ended March 31, 2024, the Company recognized $ 1,042 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 the useful life of the charging station. During the three months ended March 31, 2024 and 2023, the Company recorded $ 583 49 44 51 Car-sharing services is accounted for under ASC Topic 842, Leases, The Company is unsure of when the customer will return rented equipment. As such, the Company does not know how much the customer will owe it upon return of the equipment and, therefore, cannot provide a maturity analysis of future lease payments. The Company’s equipment is generally rented for short periods of time (generally a few minutes to a few hours). Lessees do not provide residual value guarantees on rented equipment. The Company expects to derive significant future benefits from its equipment following the end of the rental term. The Company’s equipment is typically rented for the majority of the time that the Company owns it. The Company recognizes revenue over the contractual period of performance of the subscription which are short term in nature. During the three months ended March 31, 2024 and 2023, the Company recognized $ 1,097 252 CONCENTRATIONS During the three months ended March 31, 2024, sales to a significant customer represented 14% 13 % of total revenue. During the three months ended March 31, 2024 and 2023, the Company made purchases from a significant supplier that represented 10% 16 % of total purchases, respectively. During the three months ended March 31, 2024, RECLASSIFICATIONS Certain prior year balances have been reclassified in order to conform to current year presentation. These reclassifications have no effect on previously reported results of operations or loss per share. 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 NET LOSS PER COMMON SHARE Basic net loss per common share is computed by dividing net loss attributable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted net loss per common share is computed by dividing net loss attributable to common shareholders by the weighted average number of common shares outstanding, plus the number of additional common shares that would have been outstanding if the common share equivalents had been issued (computed using the treasury stock or if converted method), if dilutive. The following common share equivalents are excluded from the calculation of weighted average common shares outstanding because their inclusion would have been anti-dilutive: SCHEDULE OF OUTSTANDING DILUTED SHARES EXCLUDED FROM DILUTED LOSS PER SHARE COMPUTATION 2024 2023 For the Three Months Ended March 31, 2024 2023 Warrants 1,150,152 1,169,031 Unvested restricted common stock 387,569 - Options 971,671 1,084,580 Total potentially dilutive shares 2,509,392 2,253,611

NOTES PAYABLE

NOTES PAYABLE	3 Months Ended
	Mar. 31, 2024
Debt Disclosure [Abstract]
NOTES PAYABLE	3. NOTES PAYABLE SEMACONNECT- NOTES PAYABLE During the three months ended March 31, 2024, the Company repaid the remaining principal balance of $ 31,354 due under this note as well as paid $ 1,139 BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share amounts)

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	3 Months Ended
	Mar. 31, 2024
Equity [Abstract]
STOCKHOLDERS’ EQUITY	4. STOCKHOLDERS’ EQUITY AT-THE-MARKET OFFERING During the three months ended March 31, 2024, the Company sold an aggregate of 8,177,472 25,651 581 25,070 COMMON STOCK During the three months ended March 31, 2024, the Company issued an aggregate of 837 2 STOCK-BASED COMPENSATION The Company recognized stock-based compensation expense related to common stock, stock options and warrants for the three months ended March 31, 2024 and 2023 of $ 917 7,775 3,228 1.3 During the three months ended March 31, 2024, the Company granted an aggregate of 141,275 467

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	3 Months Ended
	Mar. 31, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	5. RELATED PARTY TRANSACTIONS See Note 8 – Commitments and Contingencies – Purchase Commitments for disclosure of a commitment made to a related party. JOINT VENTURE The Company and a group of three 40% 100% 40% 174 114 279 177 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 March 31, 2024, 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 three months ended March 31, 2024 and 2023. BLINK CHARGING UK LIMITED As of March 31, 2024, several close family members of a senior management employee of the Company are providing services to Electric Blue Limited. For the three months ended March 31, 2024, these related parties have collectively provided services worth $ 82 BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share amounts)

LEASES

LEASES	3 Months Ended
	Mar. 31, 2024
Leases
LEASES	6. LEASES OPERATING LEASES Total operating lease expenses for the three months ended March 31, 2024 and 2023 were $ 788 493 As of March 31, 2024, the Company did not have additional operating and financing leases that have not yet commenced. A s of March 31, 2024, the Company had $ 177 During the three months ended March 31, 2024 and 2023, the Company recorded $ 10 10 48 169 Supplemental cash flows information related to leases was as follows: SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES 2024 2023 For The Three Months Ended March 31, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 339 $ 346 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 339 $ 346 Financing cash flows from finance leases $ 169 $ 92 Cash paid for amounts included in the measurement of lease liabilities: Financing cash flows from finance leases $ 169 $ 92 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 375 $ 1,209 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 375 $ 1,209 Finance leases $ 53 $ - Right-of-use assets obtained in exchange for lease obligations: Finance leases $ 53 $ - Weighted Average Remaining Lease Term Operating leases 2.72 3.45 Financing leases 2.27 2.00 Weighted Average Discount Rate Operating leases 7.3 % 5.5 % Finance leases 6.3 % 6.2 % Future minimum payments under non-cancellable leases as of March 31, 2024 were as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS For the Years Ending December 31, Operating Lease Finance Lease 2024 $ 5,091 $ 497 2025 3,249 41 2026 1,779 41 2027 1,160 35 2028 659 18 Thereafter 1,207 - Total future minimum lease payments 13,145 632 Less: imputed interest (2,637 ) (73 ) Total $ 10,508 $ 559 BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share amounts)

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	7 . FAIR VALUE MEASUREMENT Assumptions utilized in the valuation of Level 3 liabilities are described as follows: SUMMARY OF ASSUMPTIONS USED FOR VALUATION OF FAIR VALUE LIABILITIES For the Three Months Ended March 31, 2024 2023 Risk-free interest rate 5.03 % 4.64 % Contractual term (years) 1.00 1.00 Expected volatility 88 % 77 % Expected dividend yield 0.00 % 0.00 % The following table sets forth a summary of the changes in the fair value of Level 3 warrant liabilities that are measured at fair value on a recurring basis: SUMMARY OF CHANGES IN FAIR VALUE OF LEVEL 3 WARRANT LIABILITIES MEASURED AT RECURRING BASIS 2024 Consideration payable Beginning balance as of January 1, $ 18,118 Change in fair value of consideration payable 1,700 Ending balance as of March 31, $ 19,818 Warrant Liability Beginning balance as of January 1 $ 32 Change in fair value of warrant liability 2 Ending balance as of March 31, $ 34 The common stock consideration payable is recorded at fair value of $ 19,818 18,118 Assets and liabilities measured at fair value on a recurring basis are as follows: SUMMARY OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE RECURRING AND NONRECURRING BASIS March 31, 2024 Level 1 Level 2 Level 3 Total Assets: Alternative fuel credits $ - $ 26 $ - $ 26 Total assets $ - $ 26 $ - $ 26 Liabilities: Option liability $ 293 $ - $ - $ 293 Warrant liability - - 34 34 Common stock liability 775 - - 775 Consideration payable 19,818 - - 19,818 Total liabilities $ 20,886 $ - $ 34 $ 20,920 December 31, 2023 Level 1 Level 2 Level 3 Total Assets: Alternative fuel credits $ - $ 32 $ - $ 32 Total assets $ - $ 32 $ - $ 32 Liabilities: Option liability $ 293 $ - $ - $ 293 Warrant liability - - 32 32 Common stock liability 743 - - 743 Consideration payable 18,118 - - 18,118 Total liabilities $ 19,154 $ - $ 32 $ 19,186 BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share amounts)

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	8. COMMITMENTS AND CONTINGENCIES PURCHASE COMMITMENTS As of March 31, 2024, the Company had purchase commitments of approximately $ 20,540 LITIGATION, DISPUTES AND SETTLEMENTS 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 March 31, 2024, 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., Case No. 20-cv-23527, was filed in the United States District Court for the Southern District of Florida against the Company, Michael Farkas (Blink’s former Chairman of the Board and Chief Executive Officer), and Michael Rama (Blink’s Chief Financial Officer) (the “Bush Lawsuit”). On September 1, 2020, another purported securities class action lawsuit, captioned Vittoria v. Blink Charging Co. et al., Case No. 20-cv-23643, was filed in the United States District Court for the Southern District of Florida against the same defendants and seeking to recover the same alleged damages (the “Vittoria Lawsuit”). On October 1, 2020, the court consolidated the Vittoria Lawsuit with the Bush Lawsuit and on December 21, 2020 the court appointed Tianyou Wu, Alexander Yu and H. Marc Joseph to serve as the Co-Lead Plaintiffs. The Co-Lead Plaintiffs filed an Amended Complaint on February 19, 2021. The Amended Complaint alleges, among other things, that the defendants made false or misleading statements about the size and functionality of the Blink Networks and asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. The Amended Complaint does not quantify damages but seeks to recover damages on behalf of investors who purchased or otherwise acquired Blink’s common stock between March 6, 2020 and August 19, 2020. On April 20, 2021, Blink and the other defendants filed a motion to dismiss the Amended Complaint. On November 27, 2023, the court dismissed Co-Lead Plaintiffs’ claims relating to the size of Blink’s charging network and denied the remainder of the motion to dismiss. Following a mediation on April 3, 2024, the parties agreed to the terms of a settlement, which will be subject to final documentation and court approval. The terms of the settlement are confidential, but will be made public when the parties file a motion in the court seeking preliminary approval. The Company expects the settlement amount, less any remaining retention at the time of payment, which is estimated to be less than $ 100 On September 15, 2020, a shareholder derivative lawsuit, captioned Klein (derivatively on behalf of Blink Charging Co.) v. Farkas et al., Case No. 20- 19815CA01, was filed in Miami-Dade County Circuit Court seeking to pursue claims belonging to the Company against Blink’s Board of Directors and Michael Rama (the “Klein Lawsuit”). Blink is named as a nominal defendant. The Klein Lawsuit asserts that the Director defendants caused Blink to make the statements that are at issue in the securities class action and, as a result, the Company will incur costs defending against the consolidated Bush Lawsuit and other unidentified investigations. The Klein Lawsuit asserts claims against the Director defendants for breach of fiduciary duties and corporate waste and against all of the defendants for unjust enrichment. Klein did not quantify the alleged damages in his complaint, but he seeks damages sustained by the Company as a result of the defendants’ breaches of fiduciary duties, corporate governance changes, restitution, and disgorgement of profits from the defendants and attorneys’ fees and other litigation expenses. The parties agreed to temporarily stay the Klein Lawsuit until there is a ruling on the motion to dismiss filed in the consolidated Bush Lawsuit. On June 17, 2022, the court substituted the executrix of Klein’s estate as the plaintiff. The Company has not recorded an accrual related to this matter as of March 31, 2024 as it determined that any such loss contingency was either not probable or estimable. On December 23, 2020, another shareholder derivative action, captioned Bhatia (derivatively on behalf of Blink Charging Co.) v. Farkas et al 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) 8. COMMITMENTS AND CONTINGENCIES – CONTINUED LITIGATION, DISPUTES AND SETTLEMENTS – 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 $ 700

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	9. SUBSEQUENT EVENTS ENVOY-NOTES PAYABLE Subsequent to March 31, 2024, the Company repaid $ 6,824

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Mar. 31, 2024
Accounting Policies [Abstract]
LIQUIDITY	LIQUIDITY As of March 31, 2024, the Company had cash and cash equivalents of $ 93,458 and working capital of $ 130,506 . During the three months ended March 31, 2024, the Company incurred a net loss of $ 17,173 . During the three months ended March 31, 2024, the Company used cash in operating activities of $ 21,476 . During the three months ended March 31, 2024, the Company sold an aggregate of 8,177,472 25,651 581 The Company has not yet achieved profitability and expects to continue to incur cash outflows from operations. It is expected that the Company’s operating expenses will continue to increase and, as a result, it will eventually need to generate significant product revenues to achieve profitability. Historically, the Company has been able to raise funds to support its business operations, although there can be no assurance that it 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 financing. 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. During 2023, the Company commenced a plan designed to improve the Company’s liquidity by enhancing revenue economics and reducing selling, general, and administrative expenses. The plan seeks to achieve these goals by increasing gross profit through product optimization, integration of SemaConnect, Blink UK/EB and Blue Corner acquisitions, and reduction of operating expenses through cost avoidance and cost cutting strategies. There can be no assurances that 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
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 ( 1.0796 0.1199 1.2627 1.0806 0.0120 1.2638 1.0741 0.0122 1.2206 30 1,807
ASSETS HELD FOR SALE	ASSETS HELD FOR SALE The Company initially measures an asset that is classified as held for sale at the lower of its carrying amount or fair value less costs to sell. The Company assesses the fair value of an asset less costs to sell each reporting period that it remains classified as held for sale, and reports any subsequent changes as an adjustment to the carrying amount of the asset. Assets are not depreciated or amortized while they are classified as held for sale. Office Building During the three months ended March 31, 2024, the Company commenced plans to sell an office building in Miami Beach, Florida containing approximately 10,000 3,675 3,692 Underperforming Subsidiary During the first quarter of 2024, the Company’s Board of Directors approved a plan for the sale of underperforming assets of a subsidiary. On April 30, 2024, the Company entered into an agreement to sell installed and inventory charging units and the associated agreements with existing customers, hosts, and drivers. This transaction is expected to close during the second quarter of 2024. As a result of the approved plan and sale agreement, the Company recorded an estimated loss o f $ 564
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 Other revenues primarily is d The following table summarizes revenue recognized in the condensed consolidated statements of operations: SCHEDULE OF REVENUE RECOGNITION BY CONTRACT 2024 2023 For The Three Months Ended March 31, 2024 2023 Revenues - Recognized at a Point in Time Product sales $ 27,508 $ 16,389 Charging service revenue - company-owned charging stations 5,027 2,885 Other 335 72 Total Revenues - Recognized at a Point in Time 32,870 19,346 Revenues - Recognized Over a Period of Time: Network and other fees 3,018 2,021 Total Revenues - Recognized Over a Period of Time 3,018 2,021 Revenues- Other Car-sharing services 1,097 252 Grant and rebate 583 49 Total Revenues - Other 1,680 301 Total Revenue $ 37,568 $ 21,668 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 our revenue recognized in the condensed consolidated statements of operations by geographical area: SCHEDULE OF REVENUE RECOGNITION BY GEOGRAPHICAL AREA 2024 2023 For The Three Months Ended March 31, 2024 2023 Revenues by Geographical Area U.S.A $ 27,976 $ 13,175 International 9,592 8,493 Total Revenue $ 37,568 $ 21,668 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 services, the Company records deferred revenue until the performance obligations are satisfied. As of March 31, 2024, the Company had $ 27,966 14,430 The Company has elected to apply the practical expedient to expense costs to obtain contracts at the time the liability is incurred when the expected amortization period is one year or less. During the three months ended March 31, 2024, the Company recognized $ 1,042 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 the useful life of the charging station. During the three months ended March 31, 2024 and 2023, the Company recorded $ 583 49 44 51 Car-sharing services is accounted for under ASC Topic 842, Leases, The Company is unsure of when the customer will return rented equipment. As such, the Company does not know how much the customer will owe it upon return of the equipment and, therefore, cannot provide a maturity analysis of future lease payments. The Company’s equipment is generally rented for short periods of time (generally a few minutes to a few hours). Lessees do not provide residual value guarantees on rented equipment. The Company expects to derive significant future benefits from its equipment following the end of the rental term. The Company’s equipment is typically rented for the majority of the time that the Company owns it. The Company recognizes revenue over the contractual period of performance of the subscription which are short term in nature. During the three months ended March 31, 2024 and 2023, the Company recognized $ 1,097 252
CONCENTRATIONS	CONCENTRATIONS During the three months ended March 31, 2024, sales to a significant customer represented 14% 13 % of total revenue. During the three months ended March 31, 2024 and 2023, the Company made purchases from a significant supplier that represented 10% 16 % of total purchases, respectively. During the three months ended March 31, 2024,
RECLASSIFICATIONS	RECLASSIFICATIONS Certain prior year balances have been reclassified in order to conform to current year presentation. These reclassifications have no effect on previously reported results of operations or loss per share. 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
NET LOSS PER COMMON SHARE	NET LOSS PER COMMON SHARE Basic net loss per common share is computed by dividing net loss attributable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted net loss per common share is computed by dividing net loss attributable to common shareholders by the weighted average number of common shares outstanding, plus the number of additional common shares that would have been outstanding if the common share equivalents had been issued (computed using the treasury stock or if converted method), if dilutive. The following common share equivalents are excluded from the calculation of weighted average common shares outstanding because their inclusion would have been anti-dilutive: SCHEDULE OF OUTSTANDING DILUTED SHARES EXCLUDED FROM DILUTED LOSS PER SHARE COMPUTATION 2024 2023 For the Three Months Ended March 31, 2024 2023 Warrants 1,150,152 1,169,031 Unvested restricted common stock 387,569 - Options 971,671 1,084,580 Total potentially dilutive shares 2,509,392 2,253,611

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	3 Months Ended
	Mar. 31, 2024
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 2024 2023 For The Three Months Ended March 31, 2024 2023 Revenues - Recognized at a Point in Time Product sales $ 27,508 $ 16,389 Charging service revenue - company-owned charging stations 5,027 2,885 Other 335 72 Total Revenues - Recognized at a Point in Time 32,870 19,346 Revenues - Recognized Over a Period of Time: Network and other fees 3,018 2,021 Total Revenues - Recognized Over a Period of Time 3,018 2,021 Revenues- Other Car-sharing services 1,097 252 Grant and rebate 583 49 Total Revenues - Other 1,680 301 Total Revenue $ 37,568 $ 21,668
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 2024 2023 For The Three Months Ended March 31, 2024 2023 Revenues by Geographical Area U.S.A $ 27,976 $ 13,175 International 9,592 8,493 Total Revenue $ 37,568 $ 21,668
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 2024 2023 For the Three Months Ended March 31, 2024 2023 Warrants 1,150,152 1,169,031 Unvested restricted common stock 387,569 - Options 971,671 1,084,580 Total potentially dilutive shares 2,509,392 2,253,611

LEASES (Tables)

LEASES (Tables)	3 Months Ended
	Mar. 31, 2024
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 2024 2023 For The Three Months Ended March 31, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 339 $ 346 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 339 $ 346 Financing cash flows from finance leases $ 169 $ 92 Cash paid for amounts included in the measurement of lease liabilities: Financing cash flows from finance leases $ 169 $ 92 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 375 $ 1,209 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 375 $ 1,209 Finance leases $ 53 $ - Right-of-use assets obtained in exchange for lease obligations: Finance leases $ 53 $ - Weighted Average Remaining Lease Term Operating leases 2.72 3.45 Financing leases 2.27 2.00 Weighted Average Discount Rate Operating leases 7.3 % 5.5 % Finance leases 6.3 % 6.2 %
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS	Future minimum payments under non-cancellable leases as of March 31, 2024 were as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS For the Years Ending December 31, Operating Lease Finance Lease 2024 $ 5,091 $ 497 2025 3,249 41 2026 1,779 41 2027 1,160 35 2028 659 18 Thereafter 1,207 - Total future minimum lease payments 13,145 632 Less: imputed interest (2,637 ) (73 ) Total $ 10,508 $ 559

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	3 Months Ended
	Mar. 31, 2024
Fair Value Disclosures [Abstract]
SUMMARY OF ASSUMPTIONS USED FOR VALUATION OF FAIR VALUE LIABILITIES	Assumptions utilized in the valuation of Level 3 liabilities are described as follows: SUMMARY OF ASSUMPTIONS USED FOR VALUATION OF FAIR VALUE LIABILITIES For the Three Months Ended March 31, 2024 2023 Risk-free interest rate 5.03 % 4.64 % Contractual term (years) 1.00 1.00 Expected volatility 88 % 77 % Expected dividend yield 0.00 % 0.00 %
SUMMARY OF CHANGES IN FAIR VALUE OF LEVEL 3 WARRANT LIABILITIES MEASURED AT RECURRING BASIS	The following table sets forth a summary of the changes in the fair value of Level 3 warrant liabilities that are measured at fair value on a recurring basis: SUMMARY OF CHANGES IN FAIR VALUE OF LEVEL 3 WARRANT LIABILITIES MEASURED AT RECURRING BASIS 2024 Consideration payable Beginning balance as of January 1, $ 18,118 Change in fair value of consideration payable 1,700 Ending balance as of March 31, $ 19,818 Warrant Liability Beginning balance as of January 1 $ 32 Change in fair value of warrant liability 2 Ending balance as of March 31, $ 34
SUMMARY OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE RECURRING AND NONRECURRING BASIS	Assets and liabilities measured at fair value on a recurring basis are as follows: SUMMARY OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE RECURRING AND NONRECURRING BASIS March 31, 2024 Level 1 Level 2 Level 3 Total Assets: Alternative fuel credits $ - $ 26 $ - $ 26 Total assets $ - $ 26 $ - $ 26 Liabilities: Option liability $ 293 $ - $ - $ 293 Warrant liability - - 34 34 Common stock liability 775 - - 775 Consideration payable 19,818 - - 19,818 Total liabilities $ 20,886 $ - $ 34 $ 20,920 December 31, 2023 Level 1 Level 2 Level 3 Total Assets: Alternative fuel credits $ - $ 32 $ - $ 32 Total assets $ - $ 32 $ - $ 32 Liabilities: Option liability $ 293 $ - $ - $ 293 Warrant liability - - 32 32 Common stock liability 743 - - 743 Consideration payable 18,118 - - 18,118 Total liabilities $ 19,154 $ - $ 32 $ 19,186

SCHEDULE OF REVENUE RECOGNITION

SCHEDULE OF REVENUE RECOGNITION BY CONTRACT (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Product Information [Line Items]
Total Revenue	$ 37,568	$ 21,668
Total Revenues - Other	1,680	301
Car Sharing Services [Member]
Product Information [Line Items]
Total Revenues - Other	1,097	252
Grant And Fees Rebate [Member]
Product Information [Line Items]
Total Revenues - Other	583	49
Transferred at Point in Time [Member]
Product Information [Line Items]
Total Revenue	32,870	19,346
Transferred at Point in Time [Member] | Product [Member]
Product Information [Line Items]
Total Revenue	27,508	16,389
Transferred at Point in Time [Member] | Service [Member]
Product Information [Line Items]
Total Revenue	5,027	2,885
Transferred at Point in Time [Member] | Other [Member]
Product Information [Line Items]
Total Revenue	335	72
Transferred over Time [Member]
Product Information [Line Items]
Total Revenue	3,018	2,021
Transferred over Time [Member] | Network Fees And Other [Member]
Product Information [Line Items]
Total Revenue	$ 3,018	$ 2,021

SCHEDULE OF REVENUE RECOGNITI_2

SCHEDULE OF REVENUE RECOGNITION BY GEOGRAPHICAL AREA (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Total Revenue	$ 37,568	$ 21,668
UNITED STATES
Total Revenue	27,976	13,175
Non-US [Member]
Total Revenue	$ 9,592	$ 8,493

SCHEDULE OF OUTSTANDING DILUTED

SCHEDULE OF OUTSTANDING DILUTED SHARES EXCLUDED FROM DILUTED LOSS PER SHARE COMPUTATION (Details) - shares	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	2,509,392	2,253,611
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	1,150,152	1,169,031
Unvested Restricted Common Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	387,569
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	971,671	1,084,580

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	3 Months Ended
	Mar. 31, 2024 USD ($) ft² shares	Mar. 31, 2023 USD ($)	Dec. 31, 2023 USD ($)
Product Information [Line Items]
Cash and Cash Equivalents, at Carrying Value	$ 93,458,000	$ 103,202,000	$ 121,691,000
[custom:WorkingCapitalDeficit-0]	130,506,000
Net Income (Loss) Attributable to Parent	17,173,000	29,801,000
Operating activities	21,476,000	24,177,000
Foreign currency transaction, loss	$ 30,000	1,807,000
Office space | ft²	10,000
Asset carrying value	$ 3,675		$ 3,692
Sale transaction loss	564,000
Contract liabilities	27,966,000
Revenue recognized performance obligation satisfied in previous period	0
Revenue	$ 37,568,000	$ 21,668,000
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer One [Member]
Product Information [Line Items]
Concentration Risk, Percentage	14%	13%
Cost of Goods and Service Benchmark [Member] | Supplier Concentration Risk [Member] | Supplier [Member]
Product Information [Line Items]
Concentration Risk, Percentage	10%	16%
Network Fees And Other [Member]
Product Information [Line Items]
Contract liabilities	$ 1,042,000
Revenue remaining performance obligation	14,430,000
Grant And Fees Rebate [Member]
Product Information [Line Items]
Grant and rebate revenue	583,000	$ 49,000
Alternative Fuel Credits [Member]
Product Information [Line Items]
Alternative fuel credits revenue	44,000	51,000
Ride Sharing Servies [Member]
Product Information [Line Items]
Revenue	$ 1,097,000	$ 252,000
Euro [Member]
Product Information [Line Items]
Assets and liabilities, exchange rate, translation	1.0796
Weighted average exchange rate	1.0806	1.0741
Indian Rupee [Member]
Product Information [Line Items]
Assets and liabilities, exchange rate, translation	0.1199
Weighted average exchange rate	0.0120	0.0122
Pound Sterling [Member]
Product Information [Line Items]
Assets and liabilities, exchange rate, translation	1.2627
Weighted average exchange rate	1.2638	1.2206
Common Stock [Member]
Product Information [Line Items]
Net Income (Loss) Attributable to Parent
Shares of common stock | shares	8,177,472
Gross proceeds	$ 25,651,000
Issuance cost	$ 581,000

NOTES PAYABLE (Details Narrativ

NOTES PAYABLE (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Restructuring Cost and Reserve [Line Items]
Repayments of Notes Payable	$ 31,354,000
Accrued interest	1,139
Deferred Merger Consideration [Member]
Restructuring Cost and Reserve [Line Items]
Repayments of Notes Payable	$ 31,354,000

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Unrecognized stock-based compensation expense	$ 3,228,000
Weighted average remaining vesting period	1 year 3 months 18 days
Share-based compensation arrangement by share-based payment award, number of shares available for grant	141,275
Grant date fair value	$ 467
At The Market Offering [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Gross proceeds	25,651,000
Issuance costs	581,000
Net proceeds	$ 25,070,000
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
shares of common stock	8,177,472
Gross proceeds	$ 25,651,000
Issuance costs	$ 581,000
Common Stock [Member] | Employee of The Company and Consultants 2 [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Stock Issued During Period, Shares, Issued for Services		837
Number of common shares issued, value		$ 2,000
Common Stock [Member] | At The Market Offering [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
shares of common stock	8,177,472
Stock Options and Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Sharebased compensation expense	$ 917,000	$ 7,775,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) $ in Thousands		3 Months Ended
	Feb. 11, 2019 Integer	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)
Electric Blue Limited [Member]
Related Party Transaction [Line Items]
Related parties services worth amount		$ 82
GREECE | Blink Charging Hellas SA [Member]
Related Party Transaction [Line Items]
Percentage of ownership in joint venture	100%
Blink Charging Hellas SA [Member]
Related Party Transaction [Line Items]
Payable to related party		174	$ 114
Working capital		$ 279	$ 177
Shareholders Agreement [Member] | Corporate Joint Venture [Member] | CYPRUS
Related Party Transaction [Line Items]
Number of entities under the agreement | Integer	3
Percentage of ownership in joint venture	40%

SCHEDULE OF SUPPLEMENTAL CASH F

SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases	$ 339	$ 346
Cash paid for amounts included in the measurement of lease liabilities: Financing cash flows from finance leases	169	92
Right-of-use assets obtained in exchange for lease obligations: Operating leases	375	1,209
Right-of-use assets obtained in exchange for lease obligations: Finance leases	$ 53
Weighted Average Remaining Lease Term, Operating leases	2 years 8 months 19 days	3 years 5 months 12 days
Weighted Average Remaining Lease Term, Finance leases	2 years 3 months 7 days	2 years
Weighted Average Discount Rate, Operating leases	7.30%	5.50%
Weighted Average Discount Rate, Finance leases	6.30%	6.20%

SCHEDULE OF FUTURE MINIMUM LEAS

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS (Details) $ in Thousands	Mar. 31, 2024 USD ($)
Lessee, Operating Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
Operating lease 2024	$ 5,091
Operating lease 2025	3,249
Operating lease 2026	1,779
Operating lease 2027	1,160
Operating lease 2028	659
Operating Lease Thereafter	1,207
Operating lease total future minimum lease payments	13,145
Operating lease less: imputed interest	(2,637)
Operating lease total	10,508
Finance Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
Finance lease 2024	497
Finance lease 2025	41
Finance lease 2026	41
Finance lease 2027	35
Finance lease 2028	18
Finance Lease Thereafter
Finance lease total future minimum lease payments	632
Finance lease less: imputed interest	(73)
Finance lease total	$ 559

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Leases
Operating lease expense	$ 788	$ 493
Financing leases right of use assets	177
Interest expense related to finance leases	10	10
Amortization expense related to finance leases	$ 48	$ 169

SUMMARY OF ASSUMPTIONS USED FOR

SUMMARY OF ASSUMPTIONS USED FOR VALUATION OF FAIR VALUE LIABILITIES (Details)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected dividend yield	5.03%	4.64%
Measurement Input, Expected Term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contractual term (years)	1 year	1 year
Measurement Input, Price Volatility [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected dividend yield	88%	77%
Measurement Input, Expected Dividend Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected dividend yield	0%	0%

SUMMARY OF CHANGES IN FAIR VALU

SUMMARY OF CHANGES IN FAIR VALUE OF LEVEL 3 WARRANT LIABILITIES MEASURED AT RECURRING BASIS (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Fair Value Disclosures [Abstract]
Beginning balance, contingent consideration	$ 18,118
Change in fair value of contingent consideration	1,700
Ending balance, contingent consideration	19,818
Beginning balance, warrant liability	32
Change in fair value of warrant liability	2
Ending balance, warrant liability	$ 34

SUMMARY OF ASSETS AND LIABILITI

SUMMARY OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE RECURRING AND NONRECURRING BASIS (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Alternative fuel credits	$ 26	$ 32
Total assets	26	32
Option liability	293	293
Warrant liability	34	32
Common stock liability	775	743
Common stock consideration payable	19,818	18,118
Total liabilities	20,920	19,186
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Alternative fuel credits
Total assets
Option liability	293	293
Warrant liability
Common stock liability	775	743
Common stock consideration payable	19,818	18,118
Total liabilities	20,886	19,154
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Alternative fuel credits	26	32
Total assets	26	32
Option liability
Warrant liability
Common stock liability
Common stock consideration payable
Total liabilities
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Alternative fuel credits
Total assets
Option liability
Warrant liability	34	32
Common stock liability
Common stock consideration payable
Total liabilities	$ 34	$ 32

FAIR VALUE MEASUREMENT (Details

FAIR VALUE MEASUREMENT (Details Narrative) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Consideration payable	$ 19,818	$ 18,118

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) $ in Thousands	Mar. 31, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Purchase commitments	$ 20,540
Retention payment	100
Repair deployed chargers	$ 700

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative)	Mar. 31, 2024 USD ($)
Subsequent Events [Abstract]
Principal and accrued interest	$ 6,824