v3.25.1

PROPERTY AND EQUIPMENT | 12 Months Ended
--- | ---
Dec. 31, 2024
Property, Plant and Equipment [Abstract] |
PROPERTY AND EQUIPMENT | 4. PROPERTY AND EQUIPMENT Property and equipment consisted of the following: SCHEDULE OF PROPERTY AND EQUIPMENT
|  | 2024 |  |  | 2023 |
|  | December 31, |
|  | 2024 |  |  | 2023 |
EV charging stations |  | $ | 43,709 |  |  | $ | 32,140 |
Building |  |  | - |  |  |  | 6,847 |
Software |  |  | 3,294 |  |  |  | 2,455 |
Automobiles |  |  | 1,979 |  |  |  | 3,339 |
Office and computer equipment |  |  | 2,750 |  |  |  | 2,503 |
Leasehold improvements |  |  | 2,001 |  |  |  | 986 |
Machinery and equipment |  |  | 1,128 |  |  |  | 1,065 |
Property and equipment, gross |  |  | 54,861 |  |  |  | 49,335 |
Less: accumulated depreciation |  |  | (16,190 | ) |  |  | (14,208 | )
Property and equipment, net |  | $ | 38,671 |  |  | $ | 35,127 |
Depreciation and amortization expense related to property and equipment was $7,497, $4,885, and $5,432 for the years ended December 31, 2024, 2023, and 2022, respectively, of which, $6,299, $4,250, and $3,113, respectively, was recorded within cost of revenues in the accompanying consolidated statements of operations. The remaining depreciation expense of $1,198, $635, and $2,319 was included within general and administrative expenses during the years ended December 31, 2024, 2023, and 2022, respectively. During the years ended December 31, 2024, 2023, and 2022, the Company disposed of property and equipment with a net book value of $1,384, $2,731, and $463 which resulted in a loss (gain) on disposal of $679, ($11), and $113, respectively, which was included within general and administrativeexpenses in the consolidated statements of operations. During the years ended December 31, 2024, 2023, and 2022, the Company transferred charging stations of $6,242, $1,786, and $5,283 from inventory into property and equipment. During the year ended December 31, 2024, the Company sold approximately 10,000 square feet of office space in Miami Beach, Florida for approximately $3,425 of proceeds. In connection with the sale, the Company recorded a loss on sale of $459 within general and administrative expenses during the year ended December 31, 2024. 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 long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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