v3.25.1

LEASES | 12 Months Ended
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Dec. 31, 2024
Leases |
LEASES | 15. LEASES Total operating lease expenses for the year ended December 31, 2024, 2023, and 2022, were $2,610, $1,803, and $789, respectively, and are recorded in other operating expenses on the consolidated statements of operations. Operating lease expenses consist of rent expense, common area maintenance adjustments, variable lease costs, and other expenses. As of December 31, 2024, the Company had $132 of right-of-use assets that were classified as financing leases for vehicles associated with the operations of Blink Mobility and are included as a component of property and equipment on the consolidated balance sheet as of December 31, 2024. The duration of the leases is three years and the Company is expected to pay approximately $1,020 throughout the term. As of December 31, 2024, the Company did not have additional operating and financing leases that have not yet commenced. During the years ended December 31, 2024, 2023, and 2022 the Company recorded $13 and $37, and $38 of interest expense related to finance leases, respectively, which were recorded within interest expense on the consolidated statements of operations. During the years ended December 31, 2024, 2023, and 2022 the Company recorded amortization expense of $618, $1,226, and $659 related to finance leases, respectively. Supplemental cash flows information related to leases was as follows: SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | For The Years Ended |
|  | December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  | $ | 3,222 |  |  | $ | 3,672 |  |  | $ | 825 |
Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases |  | $ | 3,222 |  |  | $ | 3,672 |  |  | $ | 825 |
Financing cash flows from finance leases |  | $ | 596 |  |  | $ | 2,837 |  |  | $ | 217 |
Cash paid for amounts included in the measurement of lease liabilities: Financing cash flows from finance leases |  | $ | 596 |  |  | $ | 2,837 |  |  | $ | 217 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |  |  |  |  |  |  |  |  |  |
Operating leases |  | $ | 3,205 |  |  | $ | 7,401 |  |  | $ | 1,787 |
Right-of-use assets obtained in exchange for lease obligations: Operating leases |  | $ | 3,205 |  |  | $ | 7,401 |  |  | $ | 1,787 |
Finance leases |  | $ | 53 |  |  | $ | 2,798 |  |  | $ | 931 |
Right-of-use assets obtained in exchange for lease obligations: Finance leases |  | $ | 53 |  |  | $ | 2,798 |  |  | $ | 931 |
Weighted Average Remaining Lease Term |  |  |  |  |  |  |  |  |  |  |  |
Operating leases |  |  | 2.63 |  |  |  | 2.74 |  |  |  | 3.66 |
Finance leases |  |  | 0.30 |  |  |  | 1.71 |  |  |  | 2.50 |
Weighted Average Discount Rate |  |  |  |  |  |  |  |  |  |  |  |
Operating leases |  |  | 7.4 | % |  |  | 7.5 | % |  |  | 4.9 | %
Finance leases |  |  | 6.2 | % |  |  | 6.4 | % |  |  | 6.2 | %
Future minimum payments under non-cancellable leases as of December 31, 2024 were as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS
For the Years Ending December 31, |  | Operating Lease |  |  | Finance Lease |
2025 |  | $ | 4,428 |  |  | $ | 41 |
2026 |  |  | 2,683 |  |  |  | 41 |
2027 |  |  | 1,682 |  |  |  | 37 |
2028 |  |  | 1,065 |  |  |  | 27 |
2029 |  |  | 1,374 |  |  |  | 27 |
Thereafter |  |  | 1,397 |  |  |  | - |
Total future minimum lease payments |  |  | 12,629 |  |  |  | 173 |
Less: imputed interest |  |  | (2,251 | ) |  |  | (42 | )
Total |  | $ | 10,378 |  |  | $ | 131 |
BLINK CHARGING CO. Notes to Consolidated Financial Statements (in thousands, except for share and per share amounts)

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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