Blink Charging (BLNK) 10-Q 12 Nov 24 2024 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2024	Nov. 08, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Period Focus	Q3
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		101,175,406
Entity Information, Former Legal or Registered Name	Not Applicable

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current Assets:
Cash and cash equivalents	$ 64,584	$ 121,691
Accounts receivable, net	48,697	45,447
Inventory, net	42,312	47,942
Prepaid expenses and other current assets	4,666	6,654
Total Current Assets	160,259	221,734
Restricted cash	77	79
Property and equipment, net	44,045	35,127
Operating lease right-of-use assets	10,190	9,731
Intangible assets, net	12,055	16,298
Goodwill	75,770	144,881
Other assets	627	669
Total Assets	303,023	428,519
Current Liabilities:
Accounts payable	32,458	31,193
Accrued expenses and other current liabilities	10,999	14,143
Current portion of consideration payable	265	6,792
Current portion of operating lease liabilities	3,571	3,448
Current portion of financing lease liabilities	40	512
Current portion of deferred revenue	16,330	13,613
Total Current Liabilities	63,663	69,701
Consideration payable, non-current portion	20,891	49,434
Operating lease liabilities, non-current portion	7,561	7,025
Financing lease liabilities, non-current portion	106	163
Other liabilities	337	337
Deferred revenue, non-current portion	15,955	12,462
Total Liabilities	108,513	139,122
Commitments and contingencies (Note 9)
Stockholders’ Equity:
Common stock, $0.001 par value, 500,000,000 shares authorized, 101,154,412 and 92,818,233 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively	101	93
Additional paid-in capital	858,327	829,563
Accumulated other comprehensive loss	(1,574)	(2,536)
Accumulated deficit	(662,344)	(537,723)
Total Stockholders’ Equity	194,510	289,397
Total Liabilities and Stockholders’ Equity	$ 303,023	$ 428,519

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 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	101,154,412	92,818,233
Common stock, shares outstanding	101,154,412	92,818,233

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues:
Total Revenues	$ 25,187	$ 43,377	$ 96,017	$ 97,887
Cost of Revenues:
Total Cost of Revenues	16,068	30,592	62,766	68,268
Gross Profit	9,119	12,785	33,251	29,619
Operating Expenses:
Compensation	15,159	15,268	47,770	75,967
General and administrative expenses	7,972	8,539	23,782	26,466
Other operating expenses	4,739	5,300	16,135	13,630
Change in fair value of consideration payable	364		2,811
Impairment of intangible assets		5,143		5,143
Impairment of goodwill	69,111	89,087	69,111	89,087
Total Operating Expenses	97,345	123,337	159,609	210,293
Loss From Operations	(88,226)	(110,552)	(126,358)	(180,674)
Other Income (Expense):
Interest expense	(2)	(970)	(475)	(2,373)
Gain (loss) on extinguishment of notes payable	36	(1,000)	36	(1,000)
Change in fair value of derivative and other accrued liabilities	4		(11)	10
Other expense	(2)	(112)	(2)	(62)
Dividend and interest income	783	720	2,363	1,320
Total Other Income (Expense)	819	(1,362)	1,911	(2,105)
Loss Before Income Taxes	(87,407)	(111,914)	(124,447)	(182,779)
Benefit (provision) for income taxes	18	(807)	(174)	(1,225)
Net Loss	$ (87,389)	$ (112,721)	$ (124,621)	$ (184,004)
Net Loss Per Share:
Basic	$ (0.86)	$ (1.74)	$ (1.24)	$ (3.02)
Diluted	$ (0.86)	$ (1.74)	$ (1.24)	$ (3.02)
Weighted Average Number of Common Shares Outstanding:
Basic	101,113,655	64,626,681	100,676,840	61,006,242
Diluted	101,113,655	64,626,681	100,676,840	61,006,242
Product [Member]
Revenues:
Total Revenues	$ 13,448	$ 35,059	$ 64,538	$ 76,035
Cost of Revenues:
Total Cost of Revenues	9,122	24,619	39,965	49,509
Service [Member]
Revenues:
Total Revenues	5,254	3,859	15,217	11,111
Cost of Revenues:
Total Cost of Revenues	724	566	1,924	2,196
Network [Member]
Revenues:
Total Revenues	2,332	1,973	6,304	5,268
Cost of Revenues:
Total Cost of Revenues	577	407	1,816	1,339
Warranty [Member]
Revenues:
Total Revenues	1,405	849	3,698	2,163
Grant and Rebate [Member]
Revenues:
Total Revenues	982	47	1,617	284
Car Sharing Services [Member]
Revenues:
Total Revenues	1,168	903	3,467	2,112
Cost of Revenues:
Total Cost of Revenues	1,156	931	3,302	3,162
Other [Member]
Revenues:
Total Revenues	598	687	1,176	914
Host Provider Fees [Member]
Cost of Revenues:
Total Cost of Revenues	2,982	2,399	9,306	6,285
Warranty and Repairs and Maintenance [Member]
Cost of Revenues:
Total Cost of Revenues	294	561	1,880	2,924
Depreciation and Amortization [Member]
Cost of Revenues:
Total Cost of Revenues	$ 1,213	$ 1,109	$ 4,573	$ 2,853

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net Loss	$ (87,389)	$ (112,721)	$ (124,621)	$ (184,004)
Other Comprehensive Income (Loss):
Cumulative translation adjustments	2,599	(1,678)	962	(1,383)
Total Comprehensive Loss	$ (84,790)	$ (114,399)	$ (123,659)	$ (185,387)

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 exercises 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						(184,004)
Common stock issued in satisfaction of accrued issuable equity						2,600
Balance at Sep. 30, 2023		$ 67	742,061	(4,429)	(518,034)	219,665
Balance, shares at Sep. 30, 2023		67,077,698
Balance at Mar. 31, 2023		$ 60	701,331	(3,896)	(363,831)	333,664
Balance, shares at Mar. 31, 2023		60,373,377
Common stock issued in public offering, net of issuance costs	[2]	$ 4	18,484			18,488
Common stock issued in public offering, net of issuance costs, shares	[2]	2,842,687
Stock-based compensation			8,708			8,708
Stock-based compensation, shares		376,778
Other comprehensive loss				1,145		1,145
Net loss					(41,482)	(41,482)
Reclassification of common stock liability to equity			35			35
Reclassification of common stock liability to equity shares		8,235
Common stock issued upon cashless exercise of options and warrants
Common stock issued upon cashless 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
Common stock issued in public offering, net of issuance costs	[3]	$ 3	9,122			9,125
Common stock issued in public offering, net of issuance costs, shares	[3]	2,477,948
Stock-based compensation			978			978
Stock-based compensation, shares		103,843
Other comprehensive loss				(1,678)		(1,678)
Net loss					(112,721)	(112,721)
Surrender and cancellation of common stock			(197)			(197)
Surrender and cancellation of common stock, shares		(27,681)
Common stock issued in connection with extinguishment of notes payable			1,000			1,000
Common stock issued in connection with extinguishment of notes payable, shares		158,372
Common stock issued in satisfaction of accrued issuable equity			2,600			2,600
Common stock issued in satisfaction of accrued issuable equity, shares		370,899
Balance at Sep. 30, 2023		$ 67	742,061	(4,429)	(518,034)	219,665
Balance, shares at Sep. 30, 2023		67,077,698
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	[4]	$ 8	25,062			25,070
Common stock issued in public offering, net of issuance costs, shares	[4]	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
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						(124,621)
Common stock issued in satisfaction of accrued issuable equity
Balance at Sep. 30, 2024		$ 101	858,327	(1,574)	(662,344)	194,510
Balance, shares at Sep. 30, 2024		101,154,412
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 loss				(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
Stock-based compensation			927			927
Stock-based compensation, shares		87,205
Other comprehensive loss				2,599		2,599
Net loss					(87,389)	(87,389)
Balance at Sep. 30, 2024		$ 101	$ 858,327	$ (1,574)	$ (662,344)	$ 194,510
Balance, shares at Sep. 30, 2024		101,154,412
[1]Includes gross proceeds of $ 100,000 , less issuance costs of $ 5,234 . 18,868 , less issuance costs of $ 380 . 9,392 , less issuance costs of $ 267 . 25,651 , less issuance costs of $ 581 .

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024
Statement of Stockholders' Equity [Abstract]
Proceeds from public offering, gross	$ 25,651	$ 9,392	$ 18,868	$ 100,000	$ 25,651
Issuance costs	$ 581	$ 267	$ 380	$ 5,234	$ 581

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2024	Sep. 30, 2023
Cash Flows From Operating Activities:
Net loss		$ (124,621)	$ (184,004)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		9,566	9,694
Non-cash lease expense		1,473	1,695
Change in fair value of contingent consideration			28
Loss (gain) on disposal of fixed assets		598	(99)
Change in fair value of derivative and other accrued liabilities		11	10
Change in fair value of consideration payable		2,811
Provision for slow moving and obsolete inventory		1,306	376
Provision for credit losses		1,895	1,776
(Gain) loss on extinguishment of notes payable		(36)	1,000
Impairment of goodwill		69,111	89,087
Impairment of intangible assets			5,143
Stock-based compensation		2,877	20,543
Changes in operating assets and liabilities:
Accounts receivable		(4,970)	(19,655)
Inventory		(651)	(14,844)
Prepaid expenses and other current assets		2,024	(631)
Other assets		45	947
Accounts payable and accrued expenses		(1,086)	9,101
Other liabilities			(295)
Lease liabilities		(1,289)	(3,014)
Deferred revenue		6,106	5,980
Total Adjustments		89,791	106,842
Net Cash Used In Operating Activities		(34,830)	(77,162)
Cash Flows From Investing Activities:
Purchase consideration of Envoy, net of cash acquired			(4,660)
Capitalization of engineering costs		(161)	(526)
Purchases of property and equipment		(9,577)	(7,265)
Net Cash Used In Investing Activities		(9,738)	(12,451)
Cash Flows From Financing Activities:
Proceeds from sale of common stock in public offering, net	[1]	25,070	122,379
Repayment of note payable		(37,881)
Proceeds from exercise of options and warrants			835
Repayment of financing liability in connection with finance lease		(582)	(2,103)
Payment of financing liability in connection with internal use software		(338)	(220)
Net Cash (Used In) Provided By Financing Activities		(13,731)	120,891
Effect of Exchange Rate Changes on Cash and Cash Equivalents		1,190	(1,159)
Net (Decrease) Increase In Cash and Cash Equivalents and Restricted Cash		(57,109)	30,119
Cash and Cash Equivalents and Restricted Cash - Beginning of Period		121,770	36,633
Cash and Cash Equivalents and Restricted Cash - End of Period		64,661	66,752
Cash and cash equivalents and restricted cash consisted of the following:
Cash and cash equivalents		64,584	66,678
Restricted cash		77	74
Total Cash and cash equivalents and restricted cash		64,661	66,752
Cash paid during the period for:
Interest		1,436
Income taxes		233
Non-cash investing and financing activities:
Common stock issued in satisfaction of accrued issuable equity			2,600
Surrender and cancellation of common stock			(197)
Right-of-use assets obtained in exchange for lease obligations		1,076	5,386
Property and equipment obtained in exchange for finance lease obligations		53	3,733
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		$ 5,111	$ 1,688
[1]Includes gross proceeds of $ 25,651 , less issuance costs of $ 581 .

Condensed Consolidated Statem_6

Condensed Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended				9 Months Ended
	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024
Statement of Cash Flows [Abstract]
Proceeds from public offering, gross	$ 25,651	$ 9,392	$ 18,868	$ 100,000	$ 25,651
Issuance costs	$ 581	$ 267	$ 380	$ 5,234	$ 581

BUSINESS ORGANIZATION, NATURE O

BUSINESS ORGANIZATION, NATURE OF OPERATIONS, BASIS OF PRESENTATION AND RISKS AND UNCERTAINTIES	9 Months Ended
	Sep. 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 September 30, 2024 and for the three and nine months then ended. The results of operations for the three and nine months ended September 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	9 Months Ended
	Sep. 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 September 30, 2024, the Company had cash and cash equivalents of $ 64,584 96,596 During the three and nine months ended September 30, 2024, the Company incurred a net loss of $ 87,389 and $ 124,621 , respectively. During the nine months ended September 30, 2024, the Company used cash in operating activities of $ 34,830 . During the nine months ended September 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 September 30, 2024, the Company’s inventory was comprised $ 24,812 17,500 33,902 14,040 FOREIGN CURRENCY TRANSLATION Transaction losses attributable to foreign exchange were $ 389 and $ 434 during the three and nine months ended September 30, 2024, respectively. Transaction gains attributable to foreign exchange were $ 144 and $ 925 during the three and nine months ended September 30, 2023, respectively. Transaction gains and losses attributable to foreign exchange are included within general and administrative expenses on the condensed consolidated statements of operations for the three and nine months ended September 30, 2024 and 2023. 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 square feet of office space in Miami Beach, Florida. The asset is included within property and equipment on the condensed consolidated balance sheet as of September 30, 2024. The asset’s carrying value was $ 3,781 and $ 3,692 as of September 30, 2024 and December 31, 2023, respectively. The Company recorded a loss on sale of $ 459 3,425 of proceeds. 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 was completed and funded on July 3, 2024. As a result, the Company recorded a loss of $ 262 945 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 ● 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 Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Revenues - Recognized at a Point in Time Product sales $ 13,448 $ 35,059 $ 64,538 $ 76,035 Charging service revenue - company-owned charging stations 5,254 3,859 15,217 11,111 Other 598 687 1,176 914 Total Revenues - Recognized at a Point in Time 19,300 39,605 80,931 88,060 Revenues - Recognized Over a Period of Time: Network fees 2,332 1,973 6,304 5,268 Warranty 1,405 849 3,698 2,163 Total Revenues - Recognized Over a Period of Time 3,737 2,822 10,002 7,431 Revenues- Other Car-sharing services 1,168 903 3,467 2,112 Grant and rebate 982 47 1,617 284 Total Revenues - Other 2,150 950 5,084 2,396 Total Revenue $ 25,187 $ 43,377 $ 96,017 $ 97,887 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 Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Revenues by Geographical Area U.S.A $ 17,656 $ 34,126 $ 69,475 $ 71,736 International 7,531 9,251 26,542 26,151 Total Revenue $ 25,187 $ 43,377 $ 96,017 $ 97,887 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 September 30, 2024, the Company had $ 32,285 16,330 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 nine months ended September 30, 2024, the Company recognized $ 2,860 7,932 no 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 September 30, 2024 and 2023, the Company recognized $ 117 and $ 65 respectively, of revenue related to alternative fuel credits. During the nine months ended September 30, 2024 and 2023, the Company recognized $ 192 and $ 168 , respectively, of revenue related to alternative fuel credits. Car-sharing services is accounted for under ASC Topic 842, Leases, and pertains to revenues and expenses related to a car-sharing services agreement with the City of Los Angeles which allows customers the ability to rent electric vehicles through a subscription service. The Company accounts for such rentals as operating leases. The lease terms are included in the Company’s contracts, and the determination of whether the Company’s contracts contain leases generally does not require significant assumptions or judgments. The Company’s lease revenues do not include material amounts of variable payments. The Company does not provide an option for the lessee to purchase the rented equipment at the end of the lease. 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. CONCENTRATIONS During the three months ended September 30, 2024, sales to a significant customer represented 16 During the three months ended September 30, 2024 and 2023, the Company made purchases from a significant supplier that represented less than 10 17 15 20 10 16 10 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. 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 Nine Months Ended September 30, 2024 2023 Warrants 1,150,152 1,150,152 Restricted stock units 8,537 - Options 905,297 1,035,867 Total potentially dilutive shares 2,063,986 2,186,019 RECENTLY ISSUED ACCOUNTING STANDARDS BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts)

IMPAIRMENT OF GOODWILL

IMPAIRMENT OF GOODWILL	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
IMPAIRMENT OF GOODWILL	3. IMPAIRMENT OF GOODWILL During the three months ended September 30, 2024, the Company considered the decline in its stock price to be an indicator of impairment and, accordingly, performed a quantitative impairment assessment of its goodwill. This assessment involved comparing the estimated fair value of each of its reporting units to the reporting unit’s carrying value, inclusive of the goodwill balance allocated to the reporting unit. Estimation of the fair value of each reporting unit involved the projection of discounted future cash flows using certain assumptions that are subjective in nature, including assumptions related to historical and market growth rates and gross margin improvements, as well as future operating expense synergies and optimization, among other factors. Based on its analysis, the Company determined that the carrying value exceeded the estimated fair value as of September 30, 2024 in certain reporting units. Consequently, the Company recognized a goodwill impairment charge of $ 69,111 89,087 The fair value measurements used in the evaluation described above are considered to be Level 3 valuations within the fair value hierarchy, as the measurements involve projections of discounted future cash flows, which are derived from unobservable assumptions, the most subjective of which are the discount rates for each respective reporting unit. The discount rate used in for all reporting units ranged from 19.50 23.50 20 22.5 Based on its analysis, the Company determined that the Legacy Blink reporting unit’s carrying value exceeded the estimated fair value as of September 30, 2024. Consequently, the Company recognized a goodwill impairment charge of $69,111 during the three and nine months ended September 30, 2024 in the condensed consolidated statements of operations. As a result of the impairment analysis it was determined that the Mobility reporting unit qualifies as “at risk” for impairment. The Company quantitatively defines “at risk” as a percentage of the excess of the reporting unit’s fair value over its carrying amount that is less than 10%. An “at risk” reporting unit qualitatively represents a reporting unit with a higher degree of uncertainty of the reporting unit’s ability to meet its forecasted cash flows based upon revenue growth rate and operating margin assumptions relied upon in the estimation of its fair value. As of September 2024, the Mobility reporting unit’s carrying value exceeded its fair value by approximately 4%. The goodwill attributable to the Mobility reporting unit as of September 30, 2024 was $27,536. Changes in goodwill during the nine months ended September 30, 2024 were as follows: SCHEDULE OF GOODWILL Beginning balance January 1, 2024 $ 144,881 Impairment of goodwill (69,111 ) Ending balance September 30, 2024 $ 75,770

CONSIDERATION PAYABLE

CONSIDERATION PAYABLE	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
CONSIDERATION PAYABLE	4. CONSIDERATION PAYABLE SEMACONNECT - NOTES PAYABLE During the nine months ended September 30, 2024, the Company repaid the remaining principal balance of $ 31,354 1,139 ENVOY - NOTES PAYABLE During the nine months ended September 30, 2024, the Company repaid the remaining principal balance of $ 6,527 due under this note as well as paid $ 297 of accrued interest. The amounts were previously included within consideration payable on the condensed consolidated balance sheets. Changes in consideration payable during the nine months ended September 30, 2024 were as follows: SCHEDULE OF CHANGES IN CONSIDERATION PAYABLE Beginning balance January 1, 2024 $ 56,226 Repayment of Semaconnect note (31,354 ) Repayment of Envoy note (6,527 ) Change in fair value of consideration payable 2,811 Ending balance September 30, 2024 $ 21,156 See Note 8 – Fair Value Measurement for additional information. BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts)

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	9 Months Ended
	Sep. 30, 2024
Equity [Abstract]
STOCKHOLDERS’ EQUITY	5. STOCKHOLDERS’ EQUITY AT-THE-MARKET OFFERING On September 2, 2022, the Company entered into a Sales Agreement (the “Sales Agreement”) with Barclays Capital Inc., BofA Securities, Inc., HSBC Securities (USA) Inc., ThinkEquity LLC, H.C. Wainwright & Co., LLC and Roth Capital Partners, LLC, as our sales agents (collectively, the “Agents”) to conduct an at-the-market (“ATM”) equity offering program, pursuant to which we may publicly issue and sell from time to time shares of our common stock having an aggregate offering price of up to $ 250,000 through the Agents. On November 16, 2023, we entered into an Amendment to the Sales Agreement, effective as of November 2, 2023 (the “Amendment”), with the Agents. The Amendment revised the term “Registration Statement,” as used in the Sales Agreement, to our new shelf registration statement on Form S-3, as amended (File No. 333-275123), and revised the term “Prospectus Supplement,” as used in the Sales Agreement, to our prospectus supplement dated November 2, 2023, relating to the ATM equity offering program contemplated by the Sales Agreement. During the nine months ended September 30, 2024, the Company sold an aggregate of 8,177,472 shares of common stock aggregate gross proceeds of $ 25,651 , less issuance costs of $ 581 , for net proceeds of $ 25,070 . As of September 30, 2024, the Company has approximately $ 100,000 available under this ATM program. COMMON STOCK During the nine months ended September 30, 2024, the Company issued an aggregate of 837 2 , 279 279 279 During the nine months ended September 30, 2024, the Company issued an aggregate of 157,870 1,455 STOCK-BASED COMPENSATION The Company recognized stock-based compensation expense related to common stock, stock options and warrants for the three months and nine months ended September 30, 2024, $ 927 2,877 1,104 20,543 3,371 1.07 During the nine months ended September 30, 2024, the Company granted an aggregate of 758,549 2,133 April 15, 2024 to June 30, 2027

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	9 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	6. RELATED PARTY TRANSACTIONS JOINT VENTURE The Company and a group of three 40 60 100 40 36 218 34 0 172 114 274 0 The Company determined that the Entity is a variable interest entity; however, the Company does not have a controlling financial interest and, as a result, the Company is not required to consolidate the Entity and instead has applied equity method accounting to its investment in the Entity. From inception through September 30, 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 nine months ended September 30, 2024 and 2023. BLINK CHARGING UK LIMITED As of September 30, 2024, several close family members of a senior management employee are providing services to Blink Charging UK Limited. For the three and nine months ended September 30, 2024, these related parties have collectively provided services worth $ 68 185 119 244 BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands except for share and per share amounts)

LEASES

LEASES	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
LEASES	7. LEASES Total operating lease expenses for the three and nine months ended September 30, 2024 were $ 540 1,675 578 1,727 As of September 30, 2024, the Company did not have additional operating and financing leases that have not yet commenced. As of September 30, 2024, the Company had $ 154 697 During the three and nine months ended September 30, 2024, the Company recorded $ 6 29 (1) 115 During the three and nine months ended September 30, 2024 the Company recorded amortization expense of $ 174 and $ 710 respectively, related to finance leases. During the three and nine months ended September 30, 2023, the Company recorded amortization expense of $ 394 and $ 916 related to finance leases. These expenses were included within depreciation and amortization expense on the condensed consolidated statements of operations for the three and nine months ended September 30, 2024 and 2023. Supplemental cash flows information related to leases was as follows: SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES 2024 2023 For The Nine Months Ended September 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,289 $ 3,014 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,289 $ 3,014 Financing cash flows from finance leases $ 582 $ 2,103 Cash paid for amounts included in the measurement of lease liabilities: Financing cash flows from finance leases $ 582 $ 2,103 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 1,076 $ 5,386 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 1,076 $ 5,386 Finance leases $ 53 $ 3,733 Right-of-use assets obtained in exchange for lease obligations: Finance leases $ 53 $ 3,733 Weighted Average Remaining Lease Term Operating leases 2.71 3.10 Financing leases 3.74 2.00 Weighted Average Discount Rate Operating leases 7.4 % 7.7 % Finance leases 6.3 % 6.5 % Future minimum payments under non-cancellable leases as of September 30, 2024 were as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS For the Years Ending December 31, Operating Lease Finance Lease 2024 $ 4,655 $ 48 2025 3,054 41 2026 1,765 39 2027 1,181 32 2028 895 3 Thereafter 1,620 - Total future minimum lease payments 13,170 163 Less: imputed interest (2,931 ) (17 ) Total $ 10,239 $ 146 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	9 Months Ended
	Sep. 30, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENT	8. 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 Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Risk-free interest rate 3.98 % 5.40 % 3.98 5.09 % 4.64 5.40 % Contractual term (years) 1.00 1.00 1.00 1.00 Expected volatility 92 % 71 % 88 92 % 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 2,811 Ending balance as of September 30, $ 20,929 Warrant Liability Beginning balance as of January 1 $ 32 Change in fair value of warrant liability (27 ) Ending balance as of September 30, $ 5 The common stock consideration payable is recorded at fair value of $ 20,929 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 September 30, 2024 Level 1 Level 2 Level 3 Total Assets: Alternative fuel credits $ - $ 77 $ - $ 77 Total assets $ - $ 77 $ - $ 77 Liabilities: Warrant liability $ - $ - $ 5 $ 5 Common stock consideration payable - - 20,929 20,929 Total liabilities $ - $ - $ 20,934 $ 20,934 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	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	9. COMMITMENTS AND CONTINGENCIES PURCHASE COMMITMENTS As of September 30, 2024, the Company had purchase commitments of approximately $ 2,300 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 September 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 in which 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 October 21, 2024, the Court held a final settlement hearing, approved the settlement, dismissed the Bush Lawsuit with prejudice, and closed the case. 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. 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 September 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. 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 September 30, 2024, as it determined that any such loss contingency was either not probable or estimable.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
LIQUIDITY	LIQUIDITY As of September 30, 2024, the Company had cash and cash equivalents of $ 64,584 96,596 During the three and nine months ended September 30, 2024, the Company incurred a net loss of $ 87,389 and $ 124,621 , respectively. During the nine months ended September 30, 2024, the Company used cash in operating activities of $ 34,830 . During the nine months ended September 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 September 30, 2024, the Company’s inventory was comprised $ 24,812 17,500 33,902 14,040
FOREIGN CURRENCY TRANSLATION	FOREIGN CURRENCY TRANSLATION Transaction losses attributable to foreign exchange were $ 389 and $ 434 during the three and nine months ended September 30, 2024, respectively. Transaction gains attributable to foreign exchange were $ 144 and $ 925 during the three and nine months ended September 30, 2023, respectively. Transaction gains and losses attributable to foreign exchange are included within general and administrative expenses on the condensed consolidated statements of operations for the three and nine months ended September 30, 2024 and 2023.
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 square feet of office space in Miami Beach, Florida. The asset is included within property and equipment on the condensed consolidated balance sheet as of September 30, 2024. The asset’s carrying value was $ 3,781 and $ 3,692 as of September 30, 2024 and December 31, 2023, respectively. The Company recorded a loss on sale of $ 459 3,425 of proceeds. 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 was completed and funded on July 3, 2024. As a result, the Company recorded a loss of $ 262 945 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 ● 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 Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Revenues - Recognized at a Point in Time Product sales $ 13,448 $ 35,059 $ 64,538 $ 76,035 Charging service revenue - company-owned charging stations 5,254 3,859 15,217 11,111 Other 598 687 1,176 914 Total Revenues - Recognized at a Point in Time 19,300 39,605 80,931 88,060 Revenues - Recognized Over a Period of Time: Network fees 2,332 1,973 6,304 5,268 Warranty 1,405 849 3,698 2,163 Total Revenues - Recognized Over a Period of Time 3,737 2,822 10,002 7,431 Revenues- Other Car-sharing services 1,168 903 3,467 2,112 Grant and rebate 982 47 1,617 284 Total Revenues - Other 2,150 950 5,084 2,396 Total Revenue $ 25,187 $ 43,377 $ 96,017 $ 97,887 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 Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Revenues by Geographical Area U.S.A $ 17,656 $ 34,126 $ 69,475 $ 71,736 International 7,531 9,251 26,542 26,151 Total Revenue $ 25,187 $ 43,377 $ 96,017 $ 97,887 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 September 30, 2024, the Company had $ 32,285 16,330 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 nine months ended September 30, 2024, the Company recognized $ 2,860 7,932 no 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 September 30, 2024 and 2023, the Company recognized $ 117 and $ 65 respectively, of revenue related to alternative fuel credits. During the nine months ended September 30, 2024 and 2023, the Company recognized $ 192 and $ 168 , respectively, of revenue related to alternative fuel credits. Car-sharing services is accounted for under ASC Topic 842, Leases, and pertains to revenues and expenses related to a car-sharing services agreement with the City of Los Angeles which allows customers the ability to rent electric vehicles through a subscription service. The Company accounts for such rentals as operating leases. The lease terms are included in the Company’s contracts, and the determination of whether the Company’s contracts contain leases generally does not require significant assumptions or judgments. The Company’s lease revenues do not include material amounts of variable payments. The Company does not provide an option for the lessee to purchase the rented equipment at the end of the lease. 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.
CONCENTRATIONS	CONCENTRATIONS During the three months ended September 30, 2024, sales to a significant customer represented 16 During the three months ended September 30, 2024 and 2023, the Company made purchases from a significant supplier that represented less than 10 17 15 20 10 16 10
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.
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 Nine Months Ended September 30, 2024 2023 Warrants 1,150,152 1,150,152 Restricted stock units 8,537 - Options 905,297 1,035,867 Total potentially dilutive shares 2,063,986 2,186,019
RECENTLY ISSUED ACCOUNTING STANDARDS	RECENTLY ISSUED ACCOUNTING STANDARDS

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	9 Months Ended
	Sep. 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 Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Revenues - Recognized at a Point in Time Product sales $ 13,448 $ 35,059 $ 64,538 $ 76,035 Charging service revenue - company-owned charging stations 5,254 3,859 15,217 11,111 Other 598 687 1,176 914 Total Revenues - Recognized at a Point in Time 19,300 39,605 80,931 88,060 Revenues - Recognized Over a Period of Time: Network fees 2,332 1,973 6,304 5,268 Warranty 1,405 849 3,698 2,163 Total Revenues - Recognized Over a Period of Time 3,737 2,822 10,002 7,431 Revenues- Other Car-sharing services 1,168 903 3,467 2,112 Grant and rebate 982 47 1,617 284 Total Revenues - Other 2,150 950 5,084 2,396 Total Revenue $ 25,187 $ 43,377 $ 96,017 $ 97,887
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 Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Revenues by Geographical Area U.S.A $ 17,656 $ 34,126 $ 69,475 $ 71,736 International 7,531 9,251 26,542 26,151 Total Revenue $ 25,187 $ 43,377 $ 96,017 $ 97,887
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 Nine Months Ended September 30, 2024 2023 Warrants 1,150,152 1,150,152 Restricted stock units 8,537 - Options 905,297 1,035,867 Total potentially dilutive shares 2,063,986 2,186,019

IMPAIRMENT OF GOODWILL (Tables)

IMPAIRMENT OF GOODWILL (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]
SCHEDULE OF GOODWILL	Changes in goodwill during the nine months ended September 30, 2024 were as follows: SCHEDULE OF GOODWILL Beginning balance January 1, 2024 $ 144,881 Impairment of goodwill (69,111 ) Ending balance September 30, 2024 $ 75,770

CONSIDERATION PAYABLE (Tables)

CONSIDERATION PAYABLE (Tables)	9 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
SCHEDULE OF CHANGES IN CONSIDERATION PAYABLE	Changes in consideration payable during the nine months ended September 30, 2024 were as follows: SCHEDULE OF CHANGES IN CONSIDERATION PAYABLE Beginning balance January 1, 2024 $ 56,226 Repayment of Semaconnect note (31,354 ) Repayment of Envoy note (6,527 ) Change in fair value of consideration payable 2,811 Ending balance September 30, 2024 $ 21,156

LEASES (Tables)

LEASES (Tables)	9 Months Ended
	Sep. 30, 2024
Leases [Abstract]
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 Nine Months Ended September 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,289 $ 3,014 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 1,289 $ 3,014 Financing cash flows from finance leases $ 582 $ 2,103 Cash paid for amounts included in the measurement of lease liabilities: Financing cash flows from finance leases $ 582 $ 2,103 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 1,076 $ 5,386 Right-of-use assets obtained in exchange for lease obligations: Operating leases $ 1,076 $ 5,386 Finance leases $ 53 $ 3,733 Right-of-use assets obtained in exchange for lease obligations: Finance leases $ 53 $ 3,733 Weighted Average Remaining Lease Term Operating leases 2.71 3.10 Financing leases 3.74 2.00 Weighted Average Discount Rate Operating leases 7.4 % 7.7 % Finance leases 6.3 % 6.5 %
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS	Future minimum payments under non-cancellable leases as of September 30, 2024 were as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS For the Years Ending December 31, Operating Lease Finance Lease 2024 $ 4,655 $ 48 2025 3,054 41 2026 1,765 39 2027 1,181 32 2028 895 3 Thereafter 1,620 - Total future minimum lease payments 13,170 163 Less: imputed interest (2,931 ) (17 ) Total $ 10,239 $ 146

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	9 Months Ended
	Sep. 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 Nine Months Ended September 30, September 30, 2024 2023 2024 2023 Risk-free interest rate 3.98 % 5.40 % 3.98 5.09 % 4.64 5.40 % Contractual term (years) 1.00 1.00 1.00 1.00 Expected volatility 92 % 71 % 88 92 % 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 2,811 Ending balance as of September 30, $ 20,929 Warrant Liability Beginning balance as of January 1 $ 32 Change in fair value of warrant liability (27 ) Ending balance as of September 30, $ 5
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 September 30, 2024 Level 1 Level 2 Level 3 Total Assets: Alternative fuel credits $ - $ 77 $ - $ 77 Total assets $ - $ 77 $ - $ 77 Liabilities: Warrant liability $ - $ - $ 5 $ 5 Common stock consideration payable - - 20,929 20,929 Total liabilities $ - $ - $ 20,934 $ 20,934 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		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Product Information [Line Items]
Total Revenue	$ 25,187	$ 43,377	$ 96,017	$ 97,887
Product [Member]
Product Information [Line Items]
Total Revenue	13,448	35,059	64,538	76,035
Service [Member]
Product Information [Line Items]
Total Revenue	5,254	3,859	15,217	11,111
Other [Member]
Product Information [Line Items]
Total Revenue	598	687	1,176	914
Warranty [Member]
Product Information [Line Items]
Total Revenue	1,405	849	3,698	2,163
Car Sharing Services [Member]
Product Information [Line Items]
Total Revenue	1,168	903	3,467	2,112
Grant and Rebate [Member]
Product Information [Line Items]
Total Revenue	982	47	1,617	284
Other Revenues [Member]
Product Information [Line Items]
Total Revenue	2,150	950	5,084	2,396
Transferred at Point in Time [Member]
Product Information [Line Items]
Total Revenues - Recognized Over a Period of Time	19,300	39,605	80,931	88,060
Transferred at Point in Time [Member] | Product [Member]
Product Information [Line Items]
Total Revenues - Recognized Over a Period of Time	13,448	35,059	64,538	76,035
Transferred at Point in Time [Member] | Service [Member]
Product Information [Line Items]
Total Revenues - Recognized Over a Period of Time	5,254	3,859	15,217	11,111
Transferred at Point in Time [Member] | Other [Member]
Product Information [Line Items]
Total Revenues - Recognized Over a Period of Time	598	687	1,176	914
Transferred over Time [Member]
Product Information [Line Items]
Total Revenues - Recognized Over a Period of Time	3,737	2,822	10,002	7,431
Transferred over Time [Member] | Network Fees [Member]
Product Information [Line Items]
Total Revenues - Recognized Over a Period of Time	2,332	1,973	6,304	5,268
Transferred over Time [Member] | Warranty [Member]
Product Information [Line Items]
Total Revenues - Recognized Over a Period of Time	$ 1,405	$ 849	$ 3,698	$ 2,163

SCHEDULE OF REVENUE RECOGNITI_2

SCHEDULE OF REVENUE RECOGNITION BY GEOGRAPHICAL AREA (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Total Revenue	$ 25,187	$ 43,377	$ 96,017	$ 97,887
UNITED STATES
Total Revenue	17,656	34,126	69,475	71,736
Non-US [Member]
Total Revenue	$ 7,531	$ 9,251	$ 26,542	$ 26,151

SCHEDULE OF OUTSTANDING DILUTED

SCHEDULE OF OUTSTANDING DILUTED SHARES EXCLUDED FROM DILUTED LOSS PER SHARE COMPUTATION (Details) - shares	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	2,063,986	2,186,019
Warrant [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	1,150,152	1,150,152
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	8,537
Share-Based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total potentially dilutive shares	905,297	1,035,867

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) $ in Thousands	1 Months Ended	3 Months Ended						9 Months Ended		12 Months Ended
	Nov. 12, 2024 USD ($)	Sep. 30, 2024 USD ($) ft²	Jun. 30, 2024 USD ($)	Mar. 31, 2024 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Sep. 30, 2024 USD ($) ft² shares	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Product Information [Line Items]
Cash and cash equivalents		$ 64,584			$ 66,678			$ 64,584	$ 66,678	$ 121,691
Working capital		96,596						96,596
Net loss		87,389	$ 20,059	$ 17,173	112,721	$ 41,482	$ 29,801	124,621	184,004
Cash in operating activities								34,830	77,162
Inventory finished goods		24,812						24,812		33,902
Inventory working process gross		17,500						17,500		14,040
Transaction losses attributable to foreign exchange		$ 389			$ 144			$ 434	925
Area of Land | ft²		10,000						10,000
Buildings and Improvements, Gross		$ 3,781						$ 3,781		$ 3,692
Loss on sale								(598)	$ 99
Estimated loss		262						945
Contract liabilities		$ 2,860						7,932
Revenue recognized from performance obligations								$ 0
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Customer [Member]
Product Information [Line Items]
Concentration risk percentage		16%
Cost of Goods and Service Benchmark [Member] | Supplier Concentration Risk [Member] | Supplier [Member]
Product Information [Line Items]
Concentration risk percentage		10%			17%			15%	20%
Accounts Payable [Member] | Customer Concentration Risk [Member] | Vendor []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										16%
Accounts Payable [Member] | Customer Concentration Risk [Member] | Vendor Two [Member]
Product Information [Line Items]
Concentration risk percentage										10%
Network Fees and Other [Member]
Product Information [Line Items]
Contract liabilities								$ 32,285
Revenue remaining performance obligation		$ 16,330						16,330
Alternative Fuel Credits [Member]
Product Information [Line Items]
Revenue Not from Contract with Customer, Other		117			$ 65			192	$ 168
Subsequent Event [Member]
Product Information [Line Items]
Proceeds from sale	$ 3,425
General and Administrative Expense [Member]
Product Information [Line Items]
Loss on sale		459						$ 459
Common Stock [Member]
Product Information [Line Items]
Net loss
Shares of common stock | shares								8,177,472
Gross proceeds								$ 25,651
Issuance cost								$ 581

SCHEDULE OF GOODWILL (Details)

SCHEDULE OF GOODWILL (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Beginning balance January 1, 2024			$ 144,881
Impairment of goodwill	$ (69,111)	$ (89,087)	(69,111)	$ (89,087)
Ending balance September 30, 2024	$ 75,770		$ 75,770

IMPAIRMENT OF GOODWILL (Details

IMPAIRMENT OF GOODWILL (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment loss	$ 69,111	$ 89,087	$ 69,111	$ 89,087
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill discount rate	19.50%	20%	19.50%	20%
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill discount rate	23.50%	22.50%	23.50%	22.50%

SCHEDULE OF CHANGES IN CONSIDER

SCHEDULE OF CHANGES IN CONSIDERATION PAYABLE (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Debt Disclosure [Abstract]
Beginning balance January 1, 2024	$ 56,226
Repayment of Semaconnect note	(31,354)
Repayment of Envoy note	(6,527)
Change in fair value of consideration payable	2,811
Ending balance September 30, 2024	$ 21,156

CONSIDERATION PAYABLE (Details

CONSIDERATION PAYABLE (Details Narrative) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Restructuring Cost and Reserve [Line Items]
Repayment of principal	$ 37,881
Accrued interest	1,139
Repayments of Debt	6,527
Interest Payable	297
Deferred Merger Consideration [Member]
Restructuring Cost and Reserve [Line Items]
Repayment of principal	$ 31,354

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($) $ in Thousands			3 Months Ended					9 Months Ended
	Apr. 01, 2024	Sep. 02, 2022	Sep. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024	Sep. 30, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Issuance costs				$ 581	$ 267	$ 380	$ 5,234	$ 581
Proceeds from public offering, gross				$ 25,651	9,392	$ 18,868	$ 100,000	$ 25,651
Share based compensation, grant			279					279
Share based compensation award options vested			279					279
Share based compensation award options remaining vested	279
Unrecognized stock-based compensation expense			$ 3,371					$ 3,371
Weighted average remaining vesting period								1 year 25 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]
Sale of Stock, Consideration Received on Transaction								$ 25,651
Sale of Stock, Number of Shares Issued in Transaction								8,177,472
Common Stock [Member] | Employee [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued on service								837
Fair value								$ 2
Common Stock [Member] | Employee One [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued on service								157,870
Fair value								$ 1,455
Common Stock, Stock Options and Warrants [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Share based compensation expense			$ 927		$ 1,104			2,877	$ 20,543
Sales Agreement [Member] | Roth Capital Partners LLC [Member] | Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Sale of Stock, Consideration Received on Transaction								$ 25,651
Sale of Stock, Number of Shares Issued in Transaction								8,177,472
Issuance costs								$ 581
Net proceeds								25,070
Proceeds from public offering, gross								$ 100,000
Sales Agreement [Member] | Roth Capital Partners LLC [Member] | Maximum [Member] | 2022 At The Market Offering [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Sale of Stock, Consideration Received on Transaction		$ 250,000

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) $ in Thousands		3 Months Ended		9 Months Ended
	Feb. 11, 2019 Integer	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)
Electric Blue Limited [Member]
Related Party Transaction [Line Items]
Related parties services worth amount		$ 68	$ 119	$ 185	$ 244
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		36		218
Accounts receivable		34		34		$ 0
Payable amount		172		172		$ 114
Working capital		$ 274	$ 0	$ 274	$ 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	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases	$ 1,289	$ 3,014
Cash paid for amounts included in the measurement of lease liabilities: Financing cash flows from finance leases	582	2,103
Right-of-use assets obtained in exchange for lease obligations: Operating leases	1,076	5,386
Right-of-use assets obtained in exchange for lease obligations: Finance leases	$ 53	$ 3,733
Weighted Average Remaining Lease Term, Operating leases	2 years 8 months 15 days	3 years 1 month 6 days
Weighted Average Remaining Lease Term, Finance leases	3 years 8 months 26 days	2 years
Weighted Average Discount Rate, Operating leases	7.40%	7.70%
Weighted Average Discount Rate, Finance leases	6.30%	6.50%

SCHEDULE OF FUTURE MINIMUM LEAS

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Lessee, Operating Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
Operating lease 2024	$ 4,655
Operating lease 2025	3,054
Operating lease 2026	1,765
Operating lease 2027	1,181
Operating lease 2028	895
Operating Lease Thereafter	1,620
Operating lease total future minimum lease payments	13,170
Operating lease less: imputed interest	(2,931)
Operating lease total	10,239
Finance Lease, Liability, to be Paid, Fiscal Year Maturity [Abstract]
Finance lease 2024	48
Finance lease 2025	41
Finance lease 2026	39
Finance lease 2027	32
Finance lease 2028	3
Finance Lease Thereafter
Finance lease total future minimum lease payments	163
Finance lease less: imputed interest	(17)
Finance lease total	$ 146

LEASES (Details Narrative)

LEASES (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023
Leases [Abstract]
Operating lease expense	$ 540	$ 578	$ 1,675	$ 1,727
Right of use assets	154		154		$ 697
Interest expense related to finance leases	6	1	29	115
Interest expense related to finance leases	(6)	(1)	(29)	(115)
Amortization of Debt Issuance Costs	$ 174	$ 394	$ 710	$ 916

SUMMARY OF ASSUMPTIONS USED FOR

SUMMARY OF ASSUMPTIONS USED FOR VALUATION OF FAIR VALUE LIABILITIES (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Measurement Input, Risk Free Interest Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value assumptions measurement input percentage	3.98%	5.40%
Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value assumptions measurement input percentage			3.98%	4.64%
Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Risk-free interest rate			5.09%	5.40%
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]
Fair value assumptions measurement input percentage	92%	71%
Measurement Input, Price Volatility [Member] | Minimum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value assumptions measurement input percentage			88%	71%
Measurement Input, Price Volatility [Member] | Maximum [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value assumptions measurement input percentage			92%	77%
Measurement Input, Expected Dividend Rate [Member]
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Fair value assumptions measurement input percentage	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	9 Months Ended
	Sep. 30, 2024 USD ($)
Fair Value Disclosures [Abstract]
Beginning balance, contingent consideration	$ 18,118
Change in fair value of contingent consideration	2,811
Ending balance, contingent consideration	20,929
Beginning balance, warrant liability	32
Change in fair value of warrant liability	(27)
Ending balance, warrant liability	$ 5

SUMMARY OF ASSETS AND LIABILITI

SUMMARY OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE RECURRING AND NONRECURRING BASIS (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Alternative fuel credits	$ 77	$ 32
Total assets	77	32
Warrant liability	5	32
Common stock consideration payable	20,929	18,118
Total liabilities	20,934	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	77	32
Total assets	77	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	5	32
Common stock consideration payable	20,929	18,118
Total liabilities	$ 20,934	18,150
Option liability
Common stock liability

FAIR VALUE MEASUREMENT (Details

FAIR VALUE MEASUREMENT (Details Narrative) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Fair Value Disclosures [Abstract]
Common stock consideration payable	$ 20,929	$ 18,118

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) $ in Thousands	Sep. 30, 2024 USD ($)
Commitments and Contingencies Disclosure [Abstract]
Purchase Commitment, Remaining Minimum Amount Committed	$ 2,300