Blink Charging Co. Leases Disclosure

15. LEASES

 

Total operating lease expenses for the year ended December 31, 2025, 2024, and 2023, were $2,195, $2,610, and $1,803, 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.

 

In September 2025, the Company terminated its lease for its facility in Tempe, Arizona and paid a lease termination fee of $130. The Company derecognized the operating lease right-of-use asset and corresponding lease liabilities and recognized a loss on lease termination of $58 within other operating expenses during the year ended December 31, 2025.

 

As of December 31, 2025, the Company had $106 of right-of-use assets that were classified as financing leases for vehicles and are included as a component of property and equipment on the consolidated balance sheet as of December 31, 2025. As of December 31, 2025, the Company did not have additional operating and financing leases that have not yet commenced.

 

During the years ended December 31, 2025, 2024, and 2023, the Company recorded $7 and $13, and $37 of interest expense related to finance leases, respectively, which were recorded within interest expense on the consolidated statements of operations.

 

Supplemental cash flows information related to leases was as follows:

 SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES

		For The Years Ended
		December 31,
		2025				2024				2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases		$	4,285			$	3,222			$	3,672
Financing cash flows from finance leases		$	36			$	596			$	2,837
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		$	1,664			$	3,205			$	7,401
Finance leases		$	10			$	53			$	2,798
Weighted Average Remaining Lease Term
Operating leases			2.19				2.63				2.74
Finance leases			3.16				0.30				1.71
Weighted Average Discount Rate
Operating leases			7.2	%			7.4	%			7.5	%
Finance leases			6.2	%			6.2	%			6.4	%

 

Future minimum payments under non-cancellable leases as of December 31, 2025 were as follows:

 SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

For the Years Ending December 31,		Operating Lease				Finance Lease
2026		$	3,946			$	47
2027			2,170				41
2028			1,610				27
2029			931				-
2030			898				-
Thereafter			500				-
Total future minimum lease payments			10,055				115
Less: imputed interest			(2,470	)			(9	)
Total		$	7,585			$	106

 

 

BLINK CHARGING CO.

 

Notes to Consolidated Financial Statements

(dollars in thousands, except for share and per share amounts)