Blink Charging (BLNK) 10-Q 9 Aug 24 2024 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2024	Aug. 05, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2024
Document Fiscal Period Focus	Q2
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		101,151,449
Entity Information, Former Legal or Registered Name	Not Applicable

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 73,885	$ 121,691
Accounts receivable, net	49,609	45,447
Inventory, net	44,454	47,942
Prepaid expenses and other current assets	5,227	6,654
Total Current Assets	173,175	221,734
Restricted cash	75	79
Property and equipment, net	40,317	35,127
Operating lease right-of-use asset	8,185	9,731
Intangible assets, net	13,001	16,298
Goodwill	144,881	144,881
Other assets	638	669
Total Assets	380,272	428,519
Current Liabilities:
Accounts payable	29,623	31,193
Accrued expenses and other current liabilities	12,745	14,143
Notes payable	265	6,792
Current portion of operating lease liabilities	3,311	3,448
Current portion of financing lease liabilities	238	512
Current portion of deferred revenue	15,192	13,613
Total Current Liabilities	61,374	69,701
Consideration payable	20,565	49,434
Operating lease liabilities, non-current portion	5,993	7,025
Financing lease liabilities, non-current portion	115	163
Other liabilities	337	337
Deferred revenue, non-current portion	13,515	12,462
Total Liabilities	101,899	139,122
Commitments and contingencies (Note 8)
Stockholders’ Equity:
Common stock, $0.001 par value, 500,000,000 shares authorized, 101,067,207 and 92,818,233 shares issued and outstanding as of June 30, 2024 and December 31, 2023, respectively	101	93
Additional paid-in capital	857,400	829,563
Accumulated other comprehensive loss	(4,173)	(2,536)
Accumulated deficit	(574,955)	(537,723)
Total Stockholders’ Equity	278,373	289,397
Total Liabilities and Stockholders’ Equity	$ 380,272	$ 428,519

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 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	101,067,207	92,818,233
Common stock, shares outstanding	101,067,207	92,818,233

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Revenues:
Total Revenues	$ 33,262	$ 32,842	$ 70,830	$ 54,510
Cost of Revenues:
Total Cost of Revenues	22,549	20,551	46,698	37,676
Gross Profit	10,713	12,291	24,132	16,834
Operating Expenses:
Compensation	17,654	37,990	32,611	60,699
General and administrative expenses	8,003	10,475	15,810	17,146
Other operating expenses	4,958	4,916	11,396	9,111
Change in fair value of consideration payable	747		2,447
Total Operating Expenses	31,362	53,381	62,264	86,956
Loss From Operations	(20,649)	(41,090)	(38,132)	(70,122)
Other Income (Expense):
Interest expense	(46)	(786)	(473)	(1,403)
Change in fair value of derivative and other accrued liabilities	(17)		(15)	10
Dividend and interest income	817	600	1,580	650
Total Other Income (Expense)	754	(186)	1,092	(743)
Loss Before Income Taxes	(19,895)	(41,276)	(37,040)	(70,865)
Provision for income taxes	(164)	(206)	(192)	(418)
Net Loss	$ (20,059)	$ (41,482)	$ (37,232)	$ (71,283)
Net Loss Per Share:
Basic	$ (0.20)	$ (0.67)	$ (0.37)	$ (1.20)
Diluted	$ (0.20)	$ (0.67)	$ (0.37)	$ (1.20)
Weighted Average Number of Common Shares Outstanding:
Basic	101,009,593	61,882,330	100,456,032	59,176,129
Diluted	101,009,593	61,882,330	100,456,032	59,176,129
Product [Member]
Revenues:
Total Revenues	$ 23,582	$ 24,587	$ 51,090	$ 40,976
Cost of Revenues:
Total Cost of Revenues	14,241	13,159	30,843	24,890
Service [Member]
Revenues:
Total Revenues	4,936	4,367	9,963	7,252
Cost of Revenues:
Total Cost of Revenues	495	743	1,200	1,630
Network [Member]
Revenues:
Total Revenues	1,907	1,667	3,972	3,295
Cost of Revenues:
Total Cost of Revenues	650	495	1,239	932
Warranty [Member]
Revenues:
Total Revenues	1,340	921	2,293	1,314
Grant And Fees Rebate [Member]
Revenues:
Total Revenues	52	188	635	237
Car Sharing Services [Member]
Revenues:
Total Revenues	1,202	957	2,299	1,209
Cost of Revenues:
Total Cost of Revenues	1,284	1,594	2,146	2,231
Other [Member]
Revenues:
Total Revenues	243	155	578	227
Host Provider Fees [Member]
Cost of Revenues:
Total Cost of Revenues	3,282	2,239	6,324	3,886
Warranty and Repairs and Maintenance [Member]
Cost of Revenues:
Total Cost of Revenues	981	1,415	1,586	2,363
Depreciation And Amortization [Member]
Cost of Revenues:
Total Cost of Revenues	$ 1,616	$ 906	$ 3,360	$ 1,744

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Net Loss	$ (20,059)	$ (41,482)	$ (37,232)	$ (71,283)
Other Comprehensive Income (Loss):
Cumulative translation adjustments	(400)	1,145	(1,637)	295
Total Comprehensive Loss	$ (20,459)	$ (40,337)	$ (38,869)	$ (70,988)

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 income				(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, 2022		$ 51	597,982	(3,046)	(334,030)	260,957
Balance, shares at Dec. 31, 2022		51,476,445
Net loss						(71,283)
Balance at Jun. 30, 2023		$ 64	728,558	(2,751)	(405,313)	320,558
Balance, shares at Jun. 30, 2023		63,994,317
Balance at Mar. 31, 2023		$ 60	701,331	(3,896)	(363,831)	333,664
Balance, shares at Mar. 31, 2023		60,373,377
Common stock issued in public offering, net of issuance costs	[2]	$ 4	18,484			18,488
Common stock issued in public offering, net of issuance costs, shares	[2]	2,842,687
Stock-based compensation			8,708			8,708
Stock-based compensation, shares		376,778
Other comprehensive income				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	[1]	8,235
Common stock issued upon cashless exercise of options and warrants
Common stock issued upon cashless exercises of options and warrants, shares		393,240
Balance at Jun. 30, 2023		$ 64	728,558	(2,751)	(405,313)	320,558
Balance, shares at Jun. 30, 2023		63,994,317
Balance at 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	[3]	$ 8	25,062			25,070
Common stock issued in public offering, net of issuance costs, shares	[3]	8,177,472
Stock-based compensation			681			681
Stock-based compensation, shares		837
Other comprehensive income				(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
Balance at Dec. 31, 2023		$ 93	829,563	(2,536)	(537,723)	289,397
Balance, shares at Dec. 31, 2023		92,818,233
Net loss						(37,232)
Balance at Jun. 30, 2024		$ 101	857,400	(4,173)	(574,955)	278,373
Balance, shares at Jun. 30, 2024		101,067,207
Balance at Mar. 31, 2024		$ 101	855,306	(3,773)	(554,896)	296,738
Balance, shares at Mar. 31, 2024		100,996,542
Common stock issued in public offering, net of issuance costs			825			825
Common stock issued in public offering, net of issuance costs, shares		70,665
Stock-based compensation			1,269			1,269
Stock-based compensation, shares
Other comprehensive income				(400)		(400)
Net loss					(20,059)	(20,059)
Balance at Jun. 30, 2024		$ 101	$ 857,400	$ (4,173)	$ (574,955)	$ 278,373
Balance, shares at Jun. 30, 2024		101,067,207
[1]Includes gross proceeds of $ 100,000 5,234 18,868 380 25,651 581

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024
Statement of Stockholders' Equity [Abstract]
Proceeds from public offering, gross	$ 25,651	$ 18,868	$ 100,000	$ 25,651
Stock issuance costs	$ 581	$ 380	$ 5,234	$ 581

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Jun. 30, 2024	Jun. 30, 2023
Cash Flows From Operating Activities:
Net loss		$ (37,232)	$ (71,283)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		6,579	6,825
Non-cash lease expense		2,438	833
Change in fair value of contingent consideration			41
Loss on disposal of fixed assets		39	33
Change in fair value of derivative and other accrued liabilities		(15)	10
Change in fair value of consideration payable		2,447
Provision for slow moving and obsolete inventory		822	65
Provision for credit losses		903	1,318
Stock-based compensation		1,950	19,439
Changes in operating assets and liabilities:
Accounts receivable		(6,990)	(20,630)
Inventory		2,239	(11,855)
Prepaid expenses and other current assets		1,349	(1,073)
Other assets		26	898
Accounts payable and accrued expenses		(1,099)	7,379
Other liabilities			(258)
Lease liabilities		(2,052)	(2,232)
Deferred revenue		2,861	5,450
Total Adjustments		11,497	6,243
Net Cash Used In Operating Activities		(25,735)	(65,040)
Cash Flows From Investing Activities:
Purchase consideration of Envoy, net of cash acquired			(4,660)
Capitalization of engineering costs		(155)	(526)
Purchases of property and equipment		(8,584)	(5,647)
Net Cash Used In Investing Activities		(8,739)	(10,833)
Cash Flows From Financing Activities:
Proceeds from sale of common stock in public offering, net	[1]	25,070	113,254
Repayment of note payable		(37,881)
Proceeds from exercise of options and warrants			835
Repayment of financing liability in connection with finance lease		(375)	(1,443)
Payment of financing liability in connection with internal use software		(286)	(220)
Net Cash (Used In) Provided By Financing Activities		(13,472)	112,426
Effect of Exchange Rate Changes on Cash and Cash Equivalents		136	1,354
Net (Decrease) Increase In Cash and Cash Equivalents and Restricted Cash		(47,810)	37,907
Cash and Cash Equivalents and Restricted Cash - Beginning of Period		121,770	36,633
Cash and Cash Equivalents and Restricted Cash - End of Period		73,960	74,540
Cash and cash equivalents and restricted cash consisted of the following:
Cash and cash equivalents		73,885	74,464
Restricted cash		75	76
Total Cash and cash equivalents and restricted cash		73,960	74,540
Cash paid during the period for:
Interest		1,436
Income taxes		233
Non-cash investing and financing activities:
Right-of-use assets obtained in exchange for lease obligations		653	4,765
Property and equipment obtained in exchange for finance lease obligations		53	2,798
Intangible assets obtained in exchange for financing liability			122
Note receivable applied to purchase consideration of Envoy			(1,321)
Common stock issuance, net		825
Transfer of inventory to property and equipment		$ 130	$ 1,241
[1]Includes gross proceeds of $ 25,651 581

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024
Statement of Cash Flows [Abstract]
Proceeds from public offering, gross	$ 25,651	$ 18,868	$ 100,000	$ 25,651
Stock issuance costs	$ 581	$ 380	$ 5,234	$ 581

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure [Table]
Net Income (Loss)	$ (20,059)	$ (17,173)	$ (41,482)	$ (29,801)	$ (37,232)	$ (71,283)

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Jun. 30, 2024
Insider Trading Arrangements [Line Items]
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false
Rule 10b5-1 Arrangement Modified	false
Non-Rule 10b5-1 Arrangement Modified	false

BUSINESS ORGANIZATION, NATURE O

BUSINESS ORGANIZATION, NATURE OF OPERATIONS, BASIS OF PRESENTATION AND RISKS AND UNCERTAINTIES	6 Months Ended
	Jun. 30, 2024
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, 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 June 30, 2024 and for the three and six months then ended. The results of operations for the three and six months ended June 30, 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 (the “Annual Report”). BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts)

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 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 June 30, 2024, the Company had cash and cash equivalents of $ 73,885 111,801 20,059 37,232 25,735 During the six months ended June 30, 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. 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. The Company is executing its plan designed to improve the Company’s liquidity by enhancing revenue economics, increasing gross profit through product optimization, integration of acquisitions and reduction of operating expenses through cost avoidance and cost cutting strategies. There can be no assurances that these strategies will be achieved. INVENTORY As of June 30, 2024, the Company’s inventory was comprised $ 31,932 12,522 33,902 14,040 FOREIGN CURRENCY TRANSLATION Transaction (losses) gains attributable to foreign exchange were $ (15) (45) (1,026 781 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 Space During the first quarter of 2024, the Company commenced plans to sell its approximately 10,000 3,675 3,692 Underperforming Subsidiary During the first quarter of 2024, the Company’s Board of Directors approved a plan to sell a subsidiary’s underperforming assets. On April 30, 2024, the Company entered into an agreement to sell the subsidiary’s installed and inventory charging units and the associated agreements with existing customers, hosts, and drivers. This transaction was completed and funded on July 3, 2024. As a result, the Company recorded an estimated loss of $ 119 683 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 The Company recognizes revenue primarily from the following: ● Product sales ● Charging service revenue – company-owned charging stations ● Network fees and warranty ● Car-sharing services – Relates to revenues attributable to a car-sharing services which provides customers the ability to rent electric vehicles through a subscription service. ● Grant and rebate – Relates 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. ● Other The following table summarizes revenue recognized in the condensed consolidated statements of operations: SCHEDULE OF REVENUE RECOGNITION BY CONTRACT 2024 2023 2024 2023 For The Three Months Ended For The Six Months Ended June 30, June 30, 2024 2023 2024 2023 Revenues - Recognized at a Point in Time Product sales $ 23,582 $ 24,587 $ 51,090 $ 40,976 Charging service revenue - company-owned charging stations 4,936 4,367 9,963 7,252 Other 243 155 578 227 Total Revenues - Recognized at a Point in Time 28,761 29,109 61,631 48,455 Revenues - Recognized Over a Period of Time: Network fees 1,907 1,667 3,972 3,295 Warranty 1,340 921 2,293 1,314 Total Revenues - Recognized Over a Period of Time 3,247 2,588 6,265 4,609 Revenues- Other Car-sharing services 1,202 957 2,299 1,209 Grant and rebate 52 188 635 237 Total Revenues - Other 1,254 1,145 2,934 1,446 Total Revenue $ 33,262 $ 32,842 $ 70,830 $ 54,510 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 2024 2023 For The Three Months Ended For The Six Months Ended June 30, June 30, 2024 2023 2024 2023 Revenues by Geographical Area U.S.A $ 24,127 $ 24,435 $ 51,820 $ 37,610 International 9,135 8,407 19,010 16,900 Total Revenue $ 33,262 $ 32,842 $ 70,830 $ 54,510 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 June 30, 2024, the Company had $ 28,707 15,192 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 and six months ended June 30, 2024, the Company recognized $ 2,624 and $ 5,072 of revenues, respectively, related to network fees and warranty contracts, which were included in deferred revenues as of December 31, 2023. During the three and six months ended June 30, 2024, there was no revenue recognized from performance obligations satisfied (or partially satisfied) in previous periods as specified by ASC 606-10-50-12A. 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 Grants, rebates and alternative fuel credits, which are not within the scope of ASC 606, pertaining to revenues and periodic expenses are recognized as income when the related revenue and/or periodic expense are recorded. Grants and rebates related to EV charging stations and their installation are deferred and amortized in a manner consistent with the related depreciation expense of the related asset over their useful lives over the useful life of the charging station. During the three months ended June 30, 2024 and 2023, the Company recorded $ 52 188 635 237 31 52 75 103 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 June 30, 2024 and 2023, the Company recognized 1,202 and $ 957 2,299 and $ 1,209 CONCENTRATIONS During the three months ended June 30, 2024 and 2023, sales to a significant customer represented 16 12 0 21 14 % During the six months ended June 30, 2024 and 2023, the Company made purchases from a significant supplier that represented 18 % and 13 % of total purchases, respectively. As of June 30, 2024, accounts receivable from a significant customer represented 10 % of total accounts receivable. As of June 30, 2024, accounts payable to two significant vendors represented 19 % and 12 % of total accounts payable. As of December 31, 2023, accounts payable to two significant vendors were approximately 16 % and 10 % of total accounts payable. RECLASSIFICATIONS Certain prior year balances have been reclassified to conform to the current year presentation. These reclassifications have no effect on previously reported results of operations or loss per 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 and Six Months Ended June 30, 2024 2023 Warrants 1,150,152 1,150,152 Options 908,162 946,685 Total potentially dilutive shares 2,058,314 2,096,837 BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts)

NOTES PAYABLE

NOTES PAYABLE	6 Months Ended
	Jun. 30, 2024
Debt Disclosure [Abstract]
NOTES PAYABLE	3. NOTES PAYABLE SEMACONNECT - NOTES PAYABLE During the six months ended June 30, 2024, the Company repaid the remaining principal balance of $ 31,354 1,139 ENVOY - NOTES PAYABLE During the six months ended June 30, 2024, the Company repaid the remaining principal balance of $ 6,527 297

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	6 Months Ended
	Jun. 30, 2024
Equity [Abstract]
STOCKHOLDERS’ EQUITY	4. STOCKHOLDERS’ EQUITY AT-THE-MARKET OFFERING During the six months ended June 30, 2024, the Company sold an aggregate of 8,177,472 25,651 581 25,070 COMMON STOCK During the six months ended June 30, 2024, the Company issued an aggregate of 837 shares of common stock for services to an employee with an issuance date fair value of $ 2 279 279 279 During the six months ended June 30, 2024, the Company issued an aggregate of 70,665 shares of common stock upon vesting of restricted stock units to employees for services with an aggregate grant date fair value of $ 825 . STOCK-BASED COMPENSATION The Company recognized stock-based compensation expense related to common stock, stock options and warrants for the three months and six months ended June 30, 2024, $ 1,033 1,950 7,775 19,439 3,542 1.2 During the six months ended June 30, 2024, the Company granted an aggregate of 758,549 shares of restricted stock with an aggregate grant date fair value of $ 2,133 which will be recognized ratably over the vesting terms. The restricted stock has vesting dates ranging from April 15, 2024 to June 30, 2027 . 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	6 Months Ended
	Jun. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	5. RELATED PARTY TRANSACTIONS 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 parties own 60 . Subsequently, two of the three other parties exited the joint venture, and the remaining other party acquired the ownership of the exiting parties. The Entity currently owns 100 % of a Greek subsidiary, Blink Charging Hellas SA (“Hellas”), which operates in the electric vehicle market in Greece. The obligation to fund the Entity’s future operations is limited to the Company’s 40 % ownership. During the three and six months ended June 30, 2024, the Company recognized sales of $ 182 to Hellas. No sales to Hellas were recognized during the three and six months ended June 30, 2023. In addition, the Company had accounts receivable of $ 183 and $ 0 as of June 30, 2024, and December 31, 2023. In addition, as of June 30, 2024, and December 31, 2023, the Company had a payable of approximately $ 164 and $ 114 , respectively, to Hellas. Furthermore, the Company has provided working capital of $ 148 and $ 0 for the six months ended June 30, 2024 and 2023, respectively, to Hellas. The Company has written off this working capital contribution, since the Company’s proportion of Hellas’s net losses exceeds the working capital contribution. The Company determined that the Entity is a variable interest entity; however, the Company does not have a controlling financial interest and, as a result, the Company is not required to consolidate the Entity and instead has applied equity method accounting to its investment in the Entity. From inception through June 30, 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 and six months ended June 30, 2024 and 2023. BLINK CHARGING UK LIMITED As of June 30, 2024, several close family members of a senior management employee are providing services to Blink Charging UK Limited. For the three and six months ended June 30, 2024, these related parties collectively provided services worth $ 35 and $ 117 , respectively, to Blink Charging UK Limited. For the three and six months ended June 30, 2023, these related parties have collectively provided services worth $ 39 and $ 125 , respectively, to BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts)

LEASES

LEASES	6 Months Ended
	Jun. 30, 2024
Leases
LEASES	6. LEASES OPERATING LEASES Total operating lease expenses for the three and six months ended June 30, 2024 were $ 347 1,135 655 1,149 As of June 30, 2024, the Company did not have additional operating and financing leases that have not yet commenced. As of June 30, 2024, the Company had $ 168 697 During the three and six months ended June 30, 2024, the Company recorded $ 13 23 106 116 During the three and six months ended June 30, 2024 the Company recorded amortization expense of $ 489 536 353 522 Supplemental cash flows information related to leases was as follows: SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES For The Six Months Ended June 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 2,052 $ 2,232 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 2,052 2,232 Financing cash flows from finance leases $ 375 $ 1,443 Cash paid for amounts included in the measurement of lease liabilities: Financing cash flows from finance leases 375 1,443 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 653 $ 4,765 Right-of-use assets obtained in exchange for lease obligations: Operating leases 653 4,765 Finance leases $ 53 $ 2,798 Right-of-use assets obtained in exchange for lease obligations: Finance leases 53 2,798 Weighted Average Remaining Lease Term Operating leases 2.65 3.21 Financing leases 2.78 1.99 Weighted Average Discount Rate Operating leases 7.2 % 7.1 % Finance leases 6.3 % 6.7 % Future minimum payments under non-cancellable leases as of June 30, 2024 were as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS For the Years Ending December 31, Operating Lease Finance Lease 2024 $ 4,399 $ 393 2025 2,979 41 2026 1,673 41 2027 1,042 34 2028 742 10 Thereafter 1,014 - Total future minimum lease payments 11,849 519 Less: imputed interest (2,545 ) (166 ) Total $ 9,304 $ 353 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	6 Months Ended
	Jun. 30, 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 For the Six Months Ended June 30, June 30, 2024 2023 2024 2023 Risk-free interest rate 5.09 % 5.40 % 5.03 5.09 4.64 5.40 Contractual term (years) 1.00 1.00 1.00 1.00 Expected volatility 90 % 71 % 88 90 71 77 Expected dividend yield 0.00 % 0.00 % 0.00 % 0.00 % The following table sets forth a summary of the changes in the fair value of Level 3 warrant and consideration payable 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 2,447 Ending balance as of June 30, $ 20,565 Warrant Liability Beginning balance as of January 1 $ 32 Change in fair value of warrant liability (23 ) Ending balance as of June 30, $ 9 The common stock consideration payable is recorded at fair value of $ 20,565 and $ 18,118 as of June 30, 2024 and December 31, 2023, respectively, and is included within consideration payable on the condensed consolidated balance sheets. The Company uses a probability-weighted discounted cash flow approach as a valuation technique to determine the fair value of the common stock consideration payable on the acquisition date and at each reporting period. The significant unobservable inputs used in the fair value measurements are the probability outcome percentages that are assigned to each scenario. Significant increases or decreases to either of these inputs in isolation could result in a significantly higher or lower liability with a higher liability capped by the contractual maximum of the common stock consideration liability. 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 June 30, 2024 Level 1 Level 2 Level 3 Total Assets: Alternative fuel credits $ - $ 15 $ - $ 15 Total assets $ - $ 15 $ - $ 15 Liabilities: Warrant liability $ - $ - $ 9 $ 9 Common stock consideration payable - - 20,565 20,565 Total liabilities $ - $ - $ 20,574 $ 20,574 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 Common stock consideration payable - - 18,118 18,118 Total liabilities $ 1,036 $ - $ 18,150 $ 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	6 Months Ended
	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	8. COMMITMENTS AND CONTINGENCIES 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 June 30, 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. In August 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”). In September 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. Following consolidation of the two actions and the court appointing Tianyou Wu, Alexander Yu and H. Marc Joseph to serve as the Co-Lead Plaintiffs, the Co-Lead Plaintiffs filed an Amended Complaint in February 2021. The Amended Complaint alleged, among other things, that the defendants made false or misleading statements about the size and functionality of the Blink Network and asserted claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. In April 2021, Blink and the other defendants filed a motion to dismiss the Amended Complaint. In November 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 in April 2024, the parties agreed to the terms of a settlement, which is subject to final court approval. As part of the settlement, the Defendants agreed to pay $ 3,750 (inclusive of attorneys’ fees and administrative costs) in exchange for the dismissal with prejudice of all claims. On July 2, 2024, Co-Lead Plaintiffs filed an unopposed motion for preliminary approval of the settlement. On July 9, 2024, the court (i) granted the motion, (ii) certified a settlement class, for settlement purposes only, of investors who purchased or otherwise acquired Blink’s common stock between March 6, 2020 and August 19, 2020, (iii) preliminarily approved the settlement, and (iv) set a final settlement hearing for October 23, 2024. The full settlement amount has been paid by the Company’s Directors’ and Officers’ insurance policies. In September 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 asserted that the Director defendants caused Blink to make the statements at issue in the securities class action and, as a result, the Company incurred costs defending against the Bush Lawsuit and other unidentified investigations. The Klein Lawsuit asserted 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 sought damages sustained by the Company as a result of the defendants’ alleged breaches of fiduciary duties, corporate governance changes, restitution, and disgorgement of profits from the defendants and attorneys’ fees and other litigation expenses. In December 2020, another shareholder derivative action, captioned Bhatia (derivatively on behalf of Blink Charging Co.) v. Farkas et al., Case No. 20-27632CA01, was filed in Miami-Dade County Circuit Court against the same defendants in the Klein Lawsuit and asserted similar claims, as well as additional claims relating to the Company’s nomination, appointment and hiring of minorities and women and the Company’s decision to retain its outside auditor (the “Bhatia Lawsuit”). In June 2022, the court consolidated the Klein and Bhatia actions under the caption In re Blink Charging Company Stockholder Derivative Litigation, Lead Case No. 2020-019815-CA-01. The action remains stayed pending the final approval of the settlement in the Bush Lawsuit. The Company wholly and completely disputes the allegations. The Company has retained legal counsel to defend the action vigorously. The Company has not recorded an accrual related to this matter as of June 30, 2024, as it determined that any such loss contingency was either not probable or estimable. In February 2022, a shareholder derivative lawsuit, captioned McCauley (derivatively on behalf of Blink Charging Co.) v. Farkas et al., Case No. A-22-847894-C, was filed in Clark County, Nevada seeking to pursue claims belonging to the Company against Blink’s Board of Directors and Michael Rama (the “McCauley Lawsuit”). Blink is named as a nominal defendant. The McCauley Lawsuit asserted similar claims and sought similar damages as the Klein Lawsuit. The action remains stayed pending the final approval of the settlement in the Bush Lawsuit. The Company wholly and completely disputes the allegations. The Company has retained legal counsel to defend the action vigorously. The Company has not recorded an accrual related to this matter as of June 30, 2024, as it determined that any such loss contingency was either not probable or estimable. REPAIRS AND MAINTENANCE- COMPANY OWNED CHARGERS The Company estimates an approximate cost of $ 106 600

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2024
Accounting Policies [Abstract]
LIQUIDITY	LIQUIDITY As of June 30, 2024, the Company had cash and cash equivalents of $ 73,885 111,801 20,059 37,232 25,735 During the six months ended June 30, 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. 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. The Company is executing its plan designed to improve the Company’s liquidity by enhancing revenue economics, increasing gross profit through product optimization, integration of acquisitions and reduction of operating expenses through cost avoidance and cost cutting strategies. There can be no assurances that these strategies will be achieved.
INVENTORY	INVENTORY As of June 30, 2024, the Company’s inventory was comprised $ 31,932 12,522 33,902 14,040
FOREIGN CURRENCY TRANSLATION	FOREIGN CURRENCY TRANSLATION Transaction (losses) gains attributable to foreign exchange were $ (15) (45) (1,026 781
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 Space During the first quarter of 2024, the Company commenced plans to sell its approximately 10,000 3,675 3,692 Underperforming Subsidiary During the first quarter of 2024, the Company’s Board of Directors approved a plan to sell a subsidiary’s underperforming assets. On April 30, 2024, the Company entered into an agreement to sell the subsidiary’s installed and inventory charging units and the associated agreements with existing customers, hosts, and drivers. This transaction was completed and funded on July 3, 2024. As a result, the Company recorded an estimated loss of $ 119 683 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	REVENUE RECOGNITION The Company recognizes revenue primarily from the following: ● Product sales ● Charging service revenue – company-owned charging stations ● Network fees and warranty ● Car-sharing services – Relates to revenues attributable to a car-sharing services which provides customers the ability to rent electric vehicles through a subscription service. ● Grant and rebate – Relates 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. ● Other The following table summarizes revenue recognized in the condensed consolidated statements of operations: SCHEDULE OF REVENUE RECOGNITION BY CONTRACT 2024 2023 2024 2023 For The Three Months Ended For The Six Months Ended June 30, June 30, 2024 2023 2024 2023 Revenues - Recognized at a Point in Time Product sales $ 23,582 $ 24,587 $ 51,090 $ 40,976 Charging service revenue - company-owned charging stations 4,936 4,367 9,963 7,252 Other 243 155 578 227 Total Revenues - Recognized at a Point in Time 28,761 29,109 61,631 48,455 Revenues - Recognized Over a Period of Time: Network fees 1,907 1,667 3,972 3,295 Warranty 1,340 921 2,293 1,314 Total Revenues - Recognized Over a Period of Time 3,247 2,588 6,265 4,609 Revenues- Other Car-sharing services 1,202 957 2,299 1,209 Grant and rebate 52 188 635 237 Total Revenues - Other 1,254 1,145 2,934 1,446 Total Revenue $ 33,262 $ 32,842 $ 70,830 $ 54,510 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 2024 2023 For The Three Months Ended For The Six Months Ended June 30, June 30, 2024 2023 2024 2023 Revenues by Geographical Area U.S.A $ 24,127 $ 24,435 $ 51,820 $ 37,610 International 9,135 8,407 19,010 16,900 Total Revenue $ 33,262 $ 32,842 $ 70,830 $ 54,510 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 June 30, 2024, the Company had $ 28,707 15,192 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 and six months ended June 30, 2024, the Company recognized $ 2,624 and $ 5,072 of revenues, respectively, related to network fees and warranty contracts, which were included in deferred revenues as of December 31, 2023. During the three and six months ended June 30, 2024, there was no revenue recognized from performance obligations satisfied (or partially satisfied) in previous periods as specified by ASC 606-10-50-12A. 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 Grants, rebates and alternative fuel credits, which are not within the scope of ASC 606, pertaining to revenues and periodic expenses are recognized as income when the related revenue and/or periodic expense are recorded. Grants and rebates related to EV charging stations and their installation are deferred and amortized in a manner consistent with the related depreciation expense of the related asset over their useful lives over the useful life of the charging station. During the three months ended June 30, 2024 and 2023, the Company recorded $ 52 188 635 237 31 52 75 103 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 June 30, 2024 and 2023, the Company recognized 1,202 and $ 957 2,299 and $ 1,209
CONCENTRATIONS	CONCENTRATIONS During the three months ended June 30, 2024 and 2023, sales to a significant customer represented 16 12 0 21 14 % During the six months ended June 30, 2024 and 2023, the Company made purchases from a significant supplier that represented 18 % and 13 % of total purchases, respectively. As of June 30, 2024, accounts receivable from a significant customer represented 10 % of total accounts receivable. As of June 30, 2024, accounts payable to two significant vendors represented 19 % and 12 % of total accounts payable. As of December 31, 2023, accounts payable to two significant vendors were approximately 16 % and 10 % of total accounts payable.
RECLASSIFICATIONS	RECLASSIFICATIONS Certain prior year balances have been reclassified to conform to the current year presentation. These reclassifications have no effect on previously reported results of operations or loss per share.
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 and Six Months Ended June 30, 2024 2023 Warrants 1,150,152 1,150,152 Options 908,162 946,685 Total potentially dilutive shares 2,058,314 2,096,837

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	6 Months Ended
	Jun. 30, 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 2024 2023 For The Three Months Ended For The Six Months Ended June 30, June 30, 2024 2023 2024 2023 Revenues - Recognized at a Point in Time Product sales $ 23,582 $ 24,587 $ 51,090 $ 40,976 Charging service revenue - company-owned charging stations 4,936 4,367 9,963 7,252 Other 243 155 578 227 Total Revenues - Recognized at a Point in Time 28,761 29,109 61,631 48,455 Revenues - Recognized Over a Period of Time: Network fees 1,907 1,667 3,972 3,295 Warranty 1,340 921 2,293 1,314 Total Revenues - Recognized Over a Period of Time 3,247 2,588 6,265 4,609 Revenues- Other Car-sharing services 1,202 957 2,299 1,209 Grant and rebate 52 188 635 237 Total Revenues - Other 1,254 1,145 2,934 1,446 Total Revenue $ 33,262 $ 32,842 $ 70,830 $ 54,510
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 2024 2023 For The Three Months Ended For The Six Months Ended June 30, June 30, 2024 2023 2024 2023 Revenues by Geographical Area U.S.A $ 24,127 $ 24,435 $ 51,820 $ 37,610 International 9,135 8,407 19,010 16,900 Total Revenue $ 33,262 $ 32,842 $ 70,830 $ 54,510
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 and Six Months Ended June 30, 2024 2023 Warrants 1,150,152 1,150,152 Options 908,162 946,685 Total potentially dilutive shares 2,058,314 2,096,837

LEASES (Tables)

LEASES (Tables)	6 Months Ended
	Jun. 30, 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 For The Six Months Ended June 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 2,052 $ 2,232 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 2,052 2,232 Financing cash flows from finance leases $ 375 $ 1,443 Cash paid for amounts included in the measurement of lease liabilities: Financing cash flows from finance leases 375 1,443 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 653 $ 4,765 Right-of-use assets obtained in exchange for lease obligations: Operating leases 653 4,765 Finance leases $ 53 $ 2,798 Right-of-use assets obtained in exchange for lease obligations: Finance leases 53 2,798 Weighted Average Remaining Lease Term Operating leases 2.65 3.21 Financing leases 2.78 1.99 Weighted Average Discount Rate Operating leases 7.2 % 7.1 % Finance leases 6.3 % 6.7 %
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS	Future minimum payments under non-cancellable leases as of June 30, 2024 were as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS For the Years Ending December 31, Operating Lease Finance Lease 2024 $ 4,399 $ 393 2025 2,979 41 2026 1,673 41 2027 1,042 34 2028 742 10 Thereafter 1,014 - Total future minimum lease payments 11,849 519 Less: imputed interest (2,545 ) (166 ) Total $ 9,304 $ 353

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	6 Months Ended
	Jun. 30, 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 For the Six Months Ended June 30, June 30, 2024 2023 2024 2023 Risk-free interest rate 5.09 % 5.40 % 5.03 5.09 4.64 5.40 Contractual term (years) 1.00 1.00 1.00 1.00 Expected volatility 90 % 71 % 88 90 71 77 Expected dividend yield 0.00 % 0.00 % 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 and consideration payable 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 2,447 Ending balance as of June 30, $ 20,565 Warrant Liability Beginning balance as of January 1 $ 32 Change in fair value of warrant liability (23 ) Ending balance as of June 30, $ 9
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 June 30, 2024 Level 1 Level 2 Level 3 Total Assets: Alternative fuel credits $ - $ 15 $ - $ 15 Total assets $ - $ 15 $ - $ 15 Liabilities: Warrant liability $ - $ - $ 9 $ 9 Common stock consideration payable - - 20,565 20,565 Total liabilities $ - $ - $ 20,574 $ 20,574 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 Common stock consideration payable - - 18,118 18,118 Total liabilities $ 1,036 $ - $ 18,150 $ 19,186

SCHEDULE OF REVENUE RECOGNITION

SCHEDULE OF REVENUE RECOGNITION BY CONTRACT (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Product Information [Line Items]
Total Revenues - Other	$ 1,254	$ 1,145	$ 2,934	$ 1,446
Total Revenue	33,262	32,842	70,830	54,510
Product [Member]
Product Information [Line Items]
Total Revenue	23,582	24,587	51,090	40,976
Service [Member]
Product Information [Line Items]
Total Revenue	4,936	4,367	9,963	7,252
Other [Member]
Product Information [Line Items]
Total Revenue	243	155	578	227
Warranty [Member]
Product Information [Line Items]
Total Revenue	1,340	921	2,293	1,314
Car Sharing Services [Member]
Product Information [Line Items]
Total Revenues - Other	1,202	957	2,299	1,209
Total Revenue	1,202	957	2,299	1,209
Grant And Fees Rebate [Member]
Product Information [Line Items]
Total Revenues - Other	52	188	635	237
Total Revenue	52	188	635	237
Transferred at Point in Time [Member]
Product Information [Line Items]
Total Revenues - Recognized Over a Period of Time	28,761	29,109	61,631	48,455
Transferred at Point in Time [Member] | Product [Member]
Product Information [Line Items]
Total Revenues - Recognized Over a Period of Time	23,582	24,587	51,090	40,976
Transferred at Point in Time [Member] | Service [Member]
Product Information [Line Items]
Total Revenues - Recognized Over a Period of Time	4,936	4,367	9,963	7,252
Transferred at Point in Time [Member] | Other [Member]
Product Information [Line Items]
Total Revenues - Recognized Over a Period of Time	243	155	578	227
Transferred over Time [Member]
Product Information [Line Items]
Total Revenues - Recognized Over a Period of Time	3,247	2,588	6,265	4,609
Transferred over Time [Member] | Network Fees [Member]
Product Information [Line Items]
Total Revenues - Recognized Over a Period of Time	1,907	1,667	3,972	3,295
Transferred over Time [Member] | Warranty [Member]
Product Information [Line Items]
Total Revenues - Recognized Over a Period of Time	$ 1,340	$ 921	$ 2,293	$ 1,314

SCHEDULE OF REVENUE RECOGNITI_2

SCHEDULE OF REVENUE RECOGNITION BY GEOGRAPHICAL AREA (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Total Revenue	$ 33,262	$ 32,842	$ 70,830	$ 54,510
UNITED STATES
Total Revenue	24,127	24,435	51,820	37,610
Non-US [Member]
Total Revenue	$ 9,135	$ 8,407	$ 19,010	$ 16,900

SCHEDULE OF OUTSTANDING DILUTED

SCHEDULE OF OUTSTANDING DILUTED SHARES EXCLUDED FROM DILUTED LOSS PER SHARE COMPUTATION (Details) - shares	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	2,058,314	2,096,837
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	1,150,152	1,150,152
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	908,162	946,685

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	3 Months Ended				6 Months Ended		12 Months Ended
	Jun. 30, 2024 USD ($) ft²	Mar. 31, 2024 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Jun. 30, 2024 USD ($) ft² shares	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Product Information [Line Items]
Cash and cash equivalents	$ 73,885,000		$ 74,464,000		$ 73,885,000	$ 74,464,000	$ 121,691,000
Working capital	111,801,000				111,801,000
Net loss	20,059,000	$ 17,173,000	41,482,000	$ 29,801,000	37,232,000	71,283,000
Operating activities					25,735,000	65,040,000
Inventory Finished Goods	31,932				31,932		33,902
Inventory Working process gross	12,522				12,522		14,040
Gain (Loss), Foreign Currency Transaction, before Tax	$ (15,000)		$ (1,026,000)		$ (45,000)	$ 781,000
Office space | ft²	10,000				10,000
Asset carrying value	$ 3,675,000				$ 3,675,000		$ 3,692,000
Estimated loss	$ 119,000				683,000
Contract liabilities					28,707,000
Contract with Customer, Performance Obligation Satisfied in Previous Period					$ 0
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer [Member]
Product Information [Line Items]
Concentration risk percentage	16%		16%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Another Customer [Member]
Product Information [Line Items]
Concentration risk percentage	12%		0%
Cost of Goods and Service Benchmark [Member] | Supplier Concentration Risk [Member] | Supplier [Member]
Product Information [Line Items]
Concentration risk percentage	21%		14%		18%	13%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Customer [Member]
Product Information [Line Items]
Concentration risk percentage					10%
Accounts Payable [Member] | Customer Concentration Risk [Member] | Vendor One [Member]
Product Information [Line Items]
Concentration risk percentage					19%		16%
Accounts Payable [Member] | Customer Concentration Risk [Member] | Vendor Two [Member]
Product Information [Line Items]
Concentration risk percentage					12%		10%
Network Fees And Other [Member]
Product Information [Line Items]
Contract liabilities	$ 2,624,000				$ 5,072,000
Revenue remaining performance obligation	15,192,000				15,192,000
Grant And Fees Rebate [Member]
Product Information [Line Items]
Grant and rebate revenue	52,000		$ 188,000		635,000	$ 237,000
Alternative Fuel Credits [Member]
Product Information [Line Items]
Alternative fuel credits revenue	31,000		52,000		75,000	103,000
Ride Sharing Servies [Member]
Product Information [Line Items]
Revenue	1,202,000		957,000		$ 2,299,000	$ 1,209,000
Common Stock [Member]
Product Information [Line Items]
Net loss
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 ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Restructuring Cost and Reserve [Line Items]
Repayments of Notes Payable	$ 37,881
Accrued interest	1,139
Repayment of principal	6,527
Accrued interest	297
Deferred Merger Consideration [Member]
Restructuring Cost and Reserve [Line Items]
Repayments of Notes Payable	$ 31,354

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
	Apr. 01, 2024	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Available for Grant		279		279
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number		279		279
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Vested, Number of Shares	279
Unrecognized stock-based compensation expense		$ 3,542		$ 3,542
Weighted average remaining vesting period				1 year 2 months 12 days
Shares of restricted stock				758,549
Fair value				$ 2,133
Restricted stock, vesting dates				April 15, 2024 to June 30, 2027
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
shares of common stock				8,177,472
Issuance cossts				$ 581
Net proceeds				$ 25,651
Common Stock [Member] | Employee Of The Company And Consultants 1 [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued on service				837
Common Stock [Member] | Employee [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Fair value				$ 2
Common Stock [Member] | Employee One [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued on service				70,665
Fair value				$ 825
CommonStock, Stock Options and Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Sharebased compensation expense		$ 1,033	$ 7,775	$ 1,950	$ 19,439
At The Market Offering [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
shares of common stock				8,177,472
Gross proceeds				$ 25,651
Issuance cossts				581
Net proceeds				$ 25,070

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) $ in Thousands		3 Months Ended		6 Months Ended
	Feb. 11, 2019 Integer	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Electric Blue Limited [Member]
Related Party Transaction [Line Items]
[custom:RelatedPartiesServicesWorthAmount]		$ 35	$ 39	$ 117	$ 125
GREECE | Blink Charging Hellas SA [Member]
Related Party Transaction [Line Items]
Equity method investment ownership percentage	100%
Blink Charging Hellas SA [Member]
Related Party Transaction [Line Items]
Recognized sales		182
Accounts receivable		183		183		$ 0
Payable amount		164		164		$ 114
Working capital		$ 148	$ 0	$ 148	$ 0
Shareholders Agreement [Member] | Corporate Joint Venture [Member] | CYPRUS
Related Party Transaction [Line Items]
Number of entities under agreement | Integer	3
Equity method investments ownership percentage	40%
Shareholders Agreement [Member] | Other Three Parties [Member] | CYPRUS
Related Party Transaction [Line Items]
Equity method investments ownership percentage	60%

SCHEDULE OF SUPPLEMENTAL CASH F

SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Leases
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases	$ 2,052	$ 2,232
Cash paid for amounts included in the measurement of lease liabilities: Financing cash flows from finance leases	375	1,443
Right-of-use assets obtained in exchange for lease obligations: Operating leases	653	4,765
Right-of-use assets obtained in exchange for lease obligations: Finance leases	$ 53	$ 2,798
Weighted Average Remaining Lease Term, Operating leases	2 years 7 months 24 days	3 years 2 months 15 days
Weighted Average Remaining Lease Term, Finance leases	2 years 9 months 10 days	1 year 11 months 26 days
Weighted Average Discount Rate, Operating leases	7.20%	7.10%
Weighted Average Discount Rate, Finance leases	6.30%	6.70%

SCHEDULE OF FUTURE MINIMUM LEAS

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS (Details) $ in Thousands	Jun. 30, 2024 USD ($)
Lessee, Operating Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
Operating lease 2024	$ 4,399
Operating lease 2025	2,979
Operating lease 2026	1,673
Operating lease 2027	1,042
Operating lease 2028	742
Operating Lease Thereafter	1,014
Operating lease total future minimum lease payments	11,849
Operating lease less: imputed interest	(2,545)
Operating lease total	9,304
Finance Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
Finance lease 2024	393
Finance lease 2025	41
Finance lease 2026	41
Finance lease 2027	34
Finance lease 2028	10
Finance Lease Thereafter
Finance lease total future minimum lease payments	519
Finance lease less: imputed interest	(166)
Finance lease total	$ 353

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023
Leases
Operating lease expense	$ 347	$ 655	$ 1,135	$ 1,149
Right of use assets	168		168		$ 697
Interest expense related to finance leases	13	106	23	116
Amortization expense related to finance leases	$ 489	$ 353	$ 536	$ 522

SUMMARY OF ASSUMPTIONS USED FOR

SUMMARY OF ASSUMPTIONS USED FOR VALUATION OF FAIR VALUE LIABILITIES (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected dividend yield	5.09%	5.40%
Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected dividend yield			5.03%	4.64%
Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected dividend yield				5.40%
Expected volatility			5.09%
Measurement Input, Expected Term [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contractual term (years)	1 year	1 year	1 year	1 year
Measurement Input, Price Volatility [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected volatility	90%	71%
Measurement Input, Price Volatility [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected dividend yield			88%	71%
Measurement Input, Price Volatility [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected dividend yield			90%	77%
Measurement Input, Expected Dividend Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Expected dividend yield	0%	0%	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	6 Months Ended
	Jun. 30, 2024 USD ($)
Fair Value Disclosures [Abstract]
Beginning balance, contingent consideration	$ 18,118
Change in fair value of contingent consideration	2,447
Ending balance, contingent consideration	20,565
Beginning balance, warrant liability	32
Change in fair value of warrant liability	(23)
Ending balance, warrant liability	$ 9

SUMMARY OF ASSETS AND LIABILITI

SUMMARY OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE RECURRING AND NONRECURRING BASIS (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Alternative fuel credits	$ 15	$ 32
Total assets	15	32
Warrant liability	9	32
Common stock consideration payable	20,565	18,118
Total liabilities	20,574	19,186
Option liability		293
Common stock liability		743
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Alternative fuel credits
Total assets
Warrant liability
Common stock consideration payable
Total liabilities		1,036
Option liability		293
Common stock liability		743
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Alternative fuel credits	15	32
Total assets	15	32
Warrant liability
Common stock consideration payable
Total liabilities
Option liability
Common stock liability
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Alternative fuel credits
Total assets
Warrant liability	9	32
Common stock consideration payable	20,565	18,118
Total liabilities	$ 20,574	18,150
Option liability
Common stock liability

FAIR VALUE MEASUREMENT (Details

FAIR VALUE MEASUREMENT (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Common stock consideration payable	$ 20,565	$ 18,118

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($) $ in Thousands	Jun. 30, 2024	Apr. 01, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Administrative costs		$ 3,750
Repair deployed chargers	$ 106		$ 600