v3.25.1

FAIR VALUE MEASUREMENT | 12 Months Ended
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Dec. 31, 2024
Fair Value Disclosures [Abstract] |
FAIR VALUE MEASUREMENT | 10. FAIR VALUE MEASUREMENT 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
|  | December 31, 2024 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marketable securities |  | $ | 13,630 |  |  | $ | - |  |  | $ | - |  |  | $ | 13,630 |
Money market funds |  |  | 27,347 |  |  |  | - |  |  |  | - |  |  |  | 27,347 |
Alternative fuel credits |  |  | - |  |  |  | 51 |  |  |  | - |  |  |  | 51 |
Total assets |  | $ | 40,977 |  |  | $ | 51 |  |  | $ | - |  |  | $ | 41,028 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrant liability |  | $ | - |  |  | $ | - |  |  | $ | 22 |  |  | $ | 22 |
Common stock consideration payable |  |  | - |  |  |  | - |  |  |  | 21,028 |  |  |  | 21,028 |
Total liabilities |  | $ | - |  |  | $ | - |  |  | $ | 21,050 |  |  | $ | 21,050 |
|  | December 31, 2023 |
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
Assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Marketable securities |  | $ | 22,970 |  |  | $ | - |  |  | $ | - |  |  | $ | 22,970 |
Money market funds |  |  | 46,572 |  |  |  | - |  |  |  | - |  |  |  | 46,572 |
Alternative fuel credits |  |  | - |  |  |  | 32 |  |  |  | - |  |  |  | 32 |
Total assets |  | $ | 69,542 |  |  | $ | 32 |  |  | $ | - |  |  | $ | 69,574 |
Liabilities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Warrant liability |  | $ | - |  |  | $ | - |  |  | $ | 32 |  |  | $ | 32 |
Option liability |  |  | 293 |  |  |  | - |  |  |  | - |  |  |  | 293 |
Common stock liability |  |  | 743 |  |  |  | - |  |  |  | - |  |  |  | 743 |
Common stock consideration payable |  |  | - |  |  |  | - |  |  |  | 18,118 |  |  |  | 18,118 |
Total liabilities |  | $ | 1,036 |  |  | $ | - |  |  | $ | 18,150 |  |  | $ | 19,186 |
See Note 8 - Notes Payable and Consideration Payable for additional details. Assumptions utilized in the valuation of warrant liabilities are described as follows: SUMMARY OF ASSUMPTIONS USED FOR VALUATION OF FAIR VALUE LIABILITIES
|  | For the Years Ended |
|  | December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Risk-free interest rate |  |  | 3.98%-5.09% |  |  |  | 4.64%-5.46% |  |  |  | 1.63%-4.73 | %
Contractual term (years) |  |  | 1.00 |  |  |  | 1.00 |  |  |  | 1.00 |
Expected volatility |  |  | 84%-92% |  |  |  | 67%-80% |  |  |  | 74%-85 | %
Expected dividend yield |  |  | 0.00 | % |  |  | 0.00 | % |  |  | 0.00 | %
The following table sets forth a summary of the changes in the fair value of Level 3 fair value measurements on a recurring basis: SUMMARY OF CHANGES IN FAIR VALUE OF LEVEL 3 WARRANT LIABILITIES MEASURED AT RECURRING BASIS
|  | 2024 |  |  | 2023 |
Common Stock Consideration Payable |  |  |  |  |  |  |  |
Beginning balance as of January 1, |  | $ | 18,118 |  |  | $ | - |
Consideration payable assumed in Envoy acquisition |  |  | - |  |  |  | 18,118 |
Change in fair value of consideration payable |  |  | 2,910 |  |  |  | - |
Ending balance as of December 31, |  | $ | 21,028 |  |  | $ | 18,118 |
Warrant Liability |  |  |  |  |  |  |  |
Beginning balance as of January 1 |  | $ | 32 |  |  | $ | 24 |
Change in fair value of warrant liability |  |  | (10 | ) |  |  | 8 |
Ending balance as of December 31, |  | $ | 22 |  |  | $ | 32 |
Contingent Consideration |  |  |  |  |  |  |  |
Beginning balance as of January 1 |  | $ | - |  |  | $ | 1,316 |
Change in fair value of contingent consideration |  |  | - |  |  |  | (1,316 | )
Ending balance as of December 31, |  | $ | - |  |  | $ | - |
In addition to assets and liabilities that are measured at fair value on a recurring basis, we also measure certain assets and liabilities at fair value on a nonrecurring basis. Our non-financial assets, including goodwill, intangible assets, operating lease right of use assets, and property, plant and equipment, are measured at fair value when there is an indication of impairment and the carrying amount exceeds the asset’s projected undiscounted cash flows. These assets are recorded at fair value only when an impairment charge is recognized. 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 the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 107 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-107 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(3) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2E -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-6A Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 940 -SubTopic 820 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478119/940-820-50-1 + Details
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