美国
证券交易委员会 及交易所
华盛顿，D.C. 20549
表单
截至年度季度结束
或
在从_____________到____________的过渡期间
佣金
文件号码
(根据公司章程所述的注册人的正确名称)
（注册地点或其他管辖区的州份 注册或组织） |
（联邦国税局雇主身分识别号码） 识别号码） |
| （总执行办公室地址） | （邮政编码） |
申报人的电话号码，包括区号：
(如有更改，请填写更改前的名称、地址和财政年度)
根据该法案第12(b)条纪录的证券：
| 每个类别的标题 | 交易标志 | 注册在每个交易所的名称 | ||
| 这 |
请勾选以下选项，以指示公司是否：（1）已在过去12个月内（或对于公司被要求提交此类报告的较短期间）提交了《证券交易法》第13条或第15(d)条所要求提交的所有报告；以及（2）在过去90天内是否需要遵守此等提交要求。
标示
勾选该项，表示申报人于过去12个月（或更短期间，申报人必须申报此类档案的期间）内已按照法规S-t第405条（本章节第232.405条）要求递交每一个互动式资料档案。
标示： 请勾选该注册者是否为大型加速递交者、加速递交者、非加速递交者、较小的报告公司或新兴成长公司。请参阅交易所法案第1202条中「大型加速文件提交者」、「加速文件提交者」、「较小的报告公司」和「新兴成长公司」的定义。
| 大型及加速提交者 | ☐ | ☒ | |
| 非加速提交者 | ☐ | 较小的报告公司 | |
| 新兴成长型公司 |
若属新兴成长公司，则请在适用于依据第13(a)款拟定的任何新或修订财务会计准则时，打勾表示注册人已选择不使用过度过渡期遵守该准则。 ☐
请选上勾号，表示申报人是否属于外壳公司（定义于法案第1202条规定中）。是 ☐ 否
截至2024年11月8日，登记人持有 截至2024年7月30日，申报人持有184,769,862股普通股。
blink charging co.
表格 10-Q
截至2024年9月30日季度结束
目录
第一部分 - 财务信息
| 项目 1. | 基本报表。 |
blink charging co.
未经查核的 合并资产负债表
(以千为单位，股份数除外)
| 九月三十日 | 十二月三十一日 | |||||||
| 2024 | 2023 | |||||||
| 资产 | ||||||||
| 流动资产： | ||||||||
| 现金及现金等值 | $ | $ | ||||||
| 应收帐款净额 | ||||||||
| 库存，净值 | ||||||||
| 预付费用及其他流动资产 | ||||||||
| 流动资产总额 | ||||||||
| 限制现金 | ||||||||
| 物业及设备，净值 | ||||||||
| 营运租赁使用权资产 | ||||||||
| 无形资产净值 | ||||||||
| 善良 | ||||||||
| 其他资产 | ||||||||
| 总资产 | $ | $ | ||||||
| 负债及股东权益 | ||||||||
| 流动负债： | ||||||||
| 应付帐款 | $ | $ | ||||||
| 累计费用及其他流动负债 | ||||||||
| 应付的现行部分 | ||||||||
| 营运租赁负债的流动部分 | ||||||||
| 融资租赁负债的流动部分 | ||||||||
| 延期收入的当前部分 | ||||||||
| 流动负债总额 | ||||||||
| 应付的代价，非流动部分 | ||||||||
| 营运租赁负债，非流动部分 | ||||||||
| 融资租赁负债，非流动部分 | ||||||||
| 其他负债 | ||||||||
| 延期收入，非流动部分 | ||||||||
| 负债总额 | ||||||||
| 承诺及应急事项 (注 9) | ||||||||
| 股东权益： | ||||||||
| 普通股票，$ 额定值， 授权的股份， 和 截至二零二四年九月三十日及二零二三年十二月三十一日分别发行及未偿还的股份 | ||||||||
| 额外支付资本 | ||||||||
| 累积其他综合损失 | ( | ) | ( | ) | ||||
| 累计赤字 | ( | ) | ( | ) | ||||
| 股东权益总数 | ||||||||
| 负债总额及股东权益 | $ | $ | ||||||
附带附注是这些未经审核的简明合并财务报表中不可或缺的一部分。
| 1 |
blink charging co.
未经审计的 简明综合损益表
(以千为单位，除了股份和每股金额)
| 为结束的三个月 | 为结束的九个月 | |||||||||||||||
| 九月三十日 | 九月三十日 | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| 收入： | ||||||||||||||||
| 产品销售 | $ | $ | $ | $ | ||||||||||||
| 充电服务收入-公司拥有的充电站 | ||||||||||||||||
| 网络费用 | ||||||||||||||||
| 保固 | ||||||||||||||||
| 拨款和回赠 | ||||||||||||||||
| 汽车共享服务 | ||||||||||||||||
| 其他 | ||||||||||||||||
| 总收入 | ||||||||||||||||
| 收入成本： | ||||||||||||||||
| 产品销售成本 | ||||||||||||||||
| 充电服务费用-公司拥有的充电站 | ||||||||||||||||
| 主机提供商费用 | ||||||||||||||||
| 网络成本 | ||||||||||||||||
| 保修和维修和维护 | ||||||||||||||||
| 汽车共享服务 | ||||||||||||||||
| 折旧和摊销 | ||||||||||||||||
| 总收入成本 | ||||||||||||||||
| 毛利 | ||||||||||||||||
| 营运费用： | ||||||||||||||||
| 赔偿 | ||||||||||||||||
| 一般及行政费用 | ||||||||||||||||
| 其他营运费用 | ||||||||||||||||
| 应付之代价公平价值变动 | ||||||||||||||||
| 无形资产的减值 | ||||||||||||||||
| 商誉的减值 | ||||||||||||||||
| 营运开支总额 | ||||||||||||||||
| 营运损失 | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||
| 其他收入（费用）： | ||||||||||||||||
| 利息支出 | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||
| 应付票据消除所产生的收益（亏损） | ( | ) | ( | ) | ||||||||||||
| 衍生工具及其他累计负债的公平价值变动 | ( | ) | ||||||||||||||
| 其他费用 | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||
| 股息及利息收入 | ||||||||||||||||
| 其他收入总额（费用） | ( | ) | ( | ) | ||||||||||||
| 所得税前损失 | $ | ( | ) | $ | ( | ) | $ | ( | ) | $ | ( | ) | ||||
| 所得税的福利（补助） | ( | ) | ( | ) | ( | ) | ||||||||||
| 净亏损 | $ | ( | ) | $ | ( | ) | $ | ( | ) | $ | ( | ) | ||||
| 每股净亏损： | ||||||||||||||||
| 基本 | $ | ( | ) | $ | ( | ) | $ | ( | ) | $ | ( | ) | ||||
| 稀释 | $ | ( | ) | $ | ( | ) | $ | ( | ) | $ | ( | ) | ||||
| 加权平均数 | ||||||||||||||||
| 未偿还的普通股： | ||||||||||||||||
| 基本 | ||||||||||||||||
| 稀释 | ||||||||||||||||
附带附注是这些未经审核的简明合并财务报表中不可或缺的一部分。
| 2 |
闪烁 充电公司
未经查核的 综合损益简明综合报表
(以 千为单位)
| 截至三个月结束 | 截至九个月结束时 | |||||||||||||||
| 九月三十日， | 九月三十日， | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| 净亏损 | $ | ( | ) | $ | ( | ) | $ | ( | ) | $ | ( | ) | ||||
| 其他综合损益： | ||||||||||||||||
| 累计翻译调整 | ( | ) | ( | ) | ||||||||||||
| 综合亏损总额 | $ | ( | ) | $ | ( | ) | $ | ( | ) | $ | ( | ) | ||||
随附注释为这些未经审计的缩短综合财务报表的一个重要组成部分。
| 3 |
blink charging co.
未经审计 股东权益变动表汇总资料
截至2024年9月30日的三个月和九个月
(以千为单位，股份数除外)
| 累积 | ||||||||||||||||||||||||
| 额外 | 其他 | 总计 | ||||||||||||||||||||||
| 普通股票 | 资本剩余 | 综合 | 累积 | 股东权益 | ||||||||||||||||||||
| 股票 | 金额 | 资本 | 损失 | 亏损 | 股权 | |||||||||||||||||||
| 账户余额-2024年1月1日 | $ | $ | $ | ( | ) | $ | ( | ) | $ | |||||||||||||||
| 扣除发行成本后的公开发行常股 [1] | ||||||||||||||||||||||||
| 基于股票的补偿 | ||||||||||||||||||||||||
| 其他全面损失 | - | ( | ) | ( | ) | |||||||||||||||||||
| 净亏损 | - | ( | ) | ( | ) | |||||||||||||||||||
| Balance - March 31, 2024 | $ | $ | $ | ( | ) | $ | ( | ) | $ | |||||||||||||||
| 基于股票的补偿 | ||||||||||||||||||||||||
| 普通股票发行，净额 | ||||||||||||||||||||||||
| 其他全面损失 | - | ( | ) | ( | ) | |||||||||||||||||||
| 净亏损 | - | ( | ) | ( | ) | |||||||||||||||||||
| 2024年6月30日的账目 | $ | $ | $ | ( | ) | $ | ( | ) | $ | |||||||||||||||
| 基于股票的补偿 | ||||||||||||||||||||||||
| 其他全面损失 | - | |||||||||||||||||||||||
| 净亏损 | - | ( | ) | ( | ) | |||||||||||||||||||
| 截至2024年9月30日的结余 | $ | $ | $ | ( | ) | $ | ( | ) | $ | |||||||||||||||
| [1] |
随附注释为这些未经审计的缩短综合财务报表的一个重要组成部分。
| 4 |
blink charging co.
未经审计 股东权益变动表汇总资料
截至2023年9月30日止三个月和九个月
(以上) 数千，除股份金额外）
| 累积 | ||||||||||||||||||||||||
| 额外 | 其他 | 总计 | ||||||||||||||||||||||
| 普通股票 | 资本剩余 | 综合 | 累积 | 股东权益 | ||||||||||||||||||||
| 股票 | 金额 | 资本 | 损失 | 亏损 | 股权 | |||||||||||||||||||
| $ | $ | $ | $ | ( | ) | $ | ( | ) | $ | | ||||||||||||||
| 扣除发行成本后的公开发行常股 [1] | ||||||||||||||||||||||||
| 由行使warrants而发行的普通股 | ||||||||||||||||||||||||
| - | ||||||||||||||||||||||||
| 基于股票的补偿 | ||||||||||||||||||||||||
| 其他全面损失 | - | ( | ) | ( | ) | |||||||||||||||||||
| 净亏损 | - | ( | ) | ( | ) | |||||||||||||||||||
| Balance - March 31, 2023 | $ | $ | $ | ( | ) | $ | ( | ) | $ | |||||||||||||||
| 基于股份的报酬 | ||||||||||||||||||||||||
| 公开发行后发行的普通股，扣除发行成本 [2] | ||||||||||||||||||||||||
| 普通股负债重新分类为股本 | ||||||||||||||||||||||||
| 支付期权和warrants进行无现金行使后发行的普通股 | ||||||||||||||||||||||||
| 其他综合收益 | - | |||||||||||||||||||||||
| 净损失 | - | ( | ) | ( | ) | |||||||||||||||||||
| Balance - June 30, 2023 | $ | $ | $ | ( | ) | $ | ( | ) | $ | |||||||||||||||
| 公开发行后发行的普通股，扣除发行成本净额 [3] | ||||||||||||||||||||||||
| 放弃和取消普通股 | ( | ) | ( | ) | ( | ) | ||||||||||||||||||
| 基于股票的薪酬 | ||||||||||||||||||||||||
| 发行普通股以清偿应付票据 | ||||||||||||||||||||||||
| - | ||||||||||||||||||||||||
| 发行普通股以满足应付股份 | ||||||||||||||||||||||||
| 其他综合损失 | - | ( | ) | ( | ) | |||||||||||||||||||
| 净亏损 | - | ( | ) | ( | ) | |||||||||||||||||||
| 账目余额 - 2023年9月30日 | $ | $ | $ | ( | ) | $ | ( | ) | $ | |||||||||||||||
| [1] |
| [2] |
| [3] |
随附注释为这些未经审计的缩短综合财务报表的一个重要组成部分。
| 5 |
blink charging co.
未经查核 缩表合并现金流量表
(以 千为单位)
| 截至九个月结束 | ||||||||
| 九月三十日， | ||||||||
| 2024 | 2023 | |||||||
| 营运活动之现金流量： | ||||||||
| 净亏损 | $ | ( | ) | $ | ( | ) | ||
| 调整为使净亏损转化为经营活动所使用现金： | ||||||||
| 折旧和摊销 | ||||||||
| 非现金租赁费用 | ||||||||
| 条件性考虑变动的公允价值 | ||||||||
| 固定资产处置损益 | ( | ) | ||||||
| 衍生金融工具及其他应计负债公允价值变动 | ||||||||
| 应付代价公允价值变动 | ||||||||
| 慢动和淘汰库存的提存 | ||||||||
| 信用损失准备 | ||||||||
| 清偿应付票据的(利得)亏损 | ( | ) | ||||||
| 商誉减损损失 | ||||||||
| 无形资产减损 | ||||||||
| 基于股票的补偿 | ||||||||
| 营运资产和负债的变化： | ||||||||
| 应收帐款 | ( | ) | ( | ) | ||||
| 存货 | ( | ) | ( | ) | ||||
| 预付费用及其他流动资产 | ( | ) | ||||||
| 其他资产 | ||||||||
| 应付帐款和应计费用 | ( | ) | ||||||
| 其他负债 | ( | ) | ||||||
| 租赁负债 | ( | ) | ( | ) | ||||
| 递延收入 | ||||||||
| 调整总额 | ||||||||
| 经营活动所使用的净现金 | ( | ) | ( | ) | ||||
| 投资活动现金流量： | ||||||||
| Envoy的购买考虑金额，扣除取得之现金 | ( | ) | ||||||
| 工程成本的资本化 | ( | ) | ( | ) | ||||
| 购买不动产和设备 | ( | ) | ( | ) | ||||
| 投资活动所使用的净现金 | ( | ) | ( | ) | ||||
| 来自融资活动的现金流量： | ||||||||
| 公开发行普通股后的净售股款 [1] | ||||||||
| 应付票据的还款 | ( | ) | ||||||
| 行使期权和warrants而产生的收益 | ||||||||
| 与融资租赁有关的融资负债还款 | ( | ) | ( | ) | ||||
| 与内部使用软件有关的融资负债支付 | ( | ) | ( | ) | ||||
| 融资活动中提供的净现金 | ( | ) | ||||||
| 汇率变动对现金及现金等价物的影响 | ( | ) | ||||||
| 现金及现金等价物和受限现金的减少或增加 | ( | ) | ||||||
| 现金及现金等价物和受限现金 - 期初 | ||||||||
| 现金及现金等价物和限制现金-期末 | $ | $ | ||||||
| 现金及现金等价物和限制现金包括以下: | ||||||||
| 现金及现金等价物 | $ | $ | ||||||
| 受限现金 | ||||||||
| $ | $ | |||||||
| [1] |
随附注释为这些未经审计的缩短综合财务报表的一个重要组成部分。
| 6 |
Blink Charging 公司。
未审计 合并现金流量表 - 续
(以千为单位)
| 截至九个月结束 | ||||||||
| 九月三十日， | ||||||||
| 2024 | 2023 | |||||||
| 增补现金流量资讯： | ||||||||
| 期间内支付的现金： | ||||||||
| 利息 | $ | $ | ||||||
| 所得税 | $ | $ | ||||||
| 非现金投资和融资活动： | ||||||||
| 以发行普通股以清偿应计权益 | $ | $ | ||||||
| 普通股的投降和取消 | $ | $ | ( | ) | ||||
| 作为租赁负债交换而获得的使用权资产 | $ | $ | ||||||
| 为融资租赁责任而取得的资产和设备 | $ | $ | ||||||
| 为融资负债而取得的无形资产 | $ | $ | ||||||
| 应用于Envoy购买考虑的应收票据 | $ | $ | ( | ) | ||||
| 普通股票发行，净额 | $ | $ | ||||||
| 将存货转移到资产和设备 | $ | $ | ||||||
随附注释为这些未经审计的缩短综合财务报表的一个重要组成部分。
| 7 |
Blink Charging 公司。
未经审计的简明合并财务报表说明
（以千为单位，除分享和每股金额外）
1. 业务组织、运营性质、陈述基础以及风险和不确定性
Cell Source, Inc.（“Cell Source”、“CSI”或“公司”）是一家于2012年6月6日成立 的内华达州公司，是Cell Source Limited（“CSL”）的母公司，CSL是一家在2011年在以色列成立的全资子公司，旨在商业化若干个涉 及某些癌症治疗的发明。公司专注于开发基于免疫耐受治疗方法的细胞疗法治疗，其主要潜在产品是其 拥有专利的Veto Cell免疫系统管理技术，这是一种免疫耐受性生物技术，可以选择性地阻止 免疫反应。CSL的Veto Cell免疫系统管理技术是基于由以色列公司Yeda Research and Development Company Limited （“Yeda”）拥有、持有和许可的专利技术所基于的（见注释8）。公司旨在治疗的疾病包括：淋巴瘤、白血病和多发性骨髓瘤，通过促进 更安全、更易接受的干细胞（例如骨髓）移植的接受、通过改善器官移植（扩大供体库， 减少对术后抗排异治疗的依赖）来治疗晚期肾脏疾病和其他非恶性器官疾病，从而最终治疗各种癌症 和非恶性疾病。
Blink充电公司通过其全资子公司（统称为“公司”或“Blink”），是美国和国际市场上电动汽车“EV”充电设备和网络化EV充电服务的领先制造商、业主、运营商和提供商。Blink提供住宅和商用电动汽车充电设备和服务，让EV驾驶员可以在各种位置类型充电。Blink的主要产品和服务是其覆盖全国的Blink EV充电网络（“Blink Networks”）和Blink EV充电设备，也被称为电动汽车供应设备（“EVSE”），以及其他与EV相关的服务。Blink Networks是一种专有的基于云的系统，用于运营、维护和管理Blink充电站，并处理相关的充电数据、后端操作和支付处理。Blink Networks为物业业主、管理人员、停车公司、州和市政实体以及其他类型的商业客户（“物业合作伙伴”）提供基于云的服务，实现对EV充电站的远程监控和管理。Blink Networks还为EV驾驶员提供重要的站点信息，包括站点位置、可用性和费用。Blink还通过其全资子公司Envoy Mobility, Inc.运营基于EV的搭乘共享业务。
表述基础
随附的未经审核的简明合并基本报表已按照美国普遍公认会计准则（“U.S. GAAP”）编制，适用于中期财务信息，并遵循Form 10-Q和Regulation S-X的第8条规定。因此，它们不包括所有基本报表所需的所有信息和披露。在管理层的意见中，这些报表包含了为使公司截至2024年9月30日的简明合并基本报表公正呈现所需的所有调整（仅包括正常周期性项目）。截至2024年9月30日结束的三个和九个月的营运结果不一定代表截至2024年12月31日结束的整个财政年度或任何其他时期的营运结果。应该阅读这些未经审核的简明合并基本报表，并与公司截至2023年12月31日和当年结束时的经审核合并基本报表及相关披露一起阅读，该报表已于2024年3月18日提交给证券交易委员会（“SEC”）作为公司年度报告Form 10-k（“年度报告”）的一部分。
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blink charging co.
附注 至未经审核之简明合并基本财务报表
(按千计，除分享和每股金额外)
2. 重要会计政策摘要
自2023年12月31日止年度的年度报告以来，公司重要的会计政策并无实质更改，除非在本附注中另有披露。
流动性
截至2024年9月30日，公司拥有现金及现金等价物$
截至2024年9月30日止九个月，公司按市场价格出售了整个的 普通股股份，在「市价持平」股票发行计划下，总毛利为$
本公司尚未盈利并预计继续从业务运营中产生现金流出。该公司在历史上一直能够筹集资金支持其业务运营，尽管未必能够确保未来能成功筹集相当额外的资金。本公司预期手头现金足以资助其业务运营，至少在这些基本报表的发行日期后的12个月内。
自成立以来，公司的运营主要是通过股本和债务融资所获得的款项。公司相信自己能够获得资本资源并继续评估其他融资机会。无法保证公司能够按商业可接受的条件获得资金，如果能够的话。也无法保证公司可能筹集的资金金额将足以完成其发展项目或实现盈利运作。
公司的营运需求包括营运业务的计划成本，包括运营工作资本和资本支出所需的金额。公司未来的资本需求及其可用资金的充足性将取决于许多因素，包括公司成功将其产品和服务商业化的能力、竞争性技术和市场发展以及需要与其他公司合作或收购其他公司或技术以增强或补充其产品和服务提供。公司正在执行旨在通过增加营业收入获得经济效益、通过产品优化增加毛利润、并购进行整合以及通过成本避免和成本削减策略来降低营运费用的计划，以提高公司的流动性。不能保证这些策略将实现。
库存
截至2024年9月30日，公司库存包括 $
外国 货币翻译
交易损失归因于汇率期货的影响。 $
资产 待售
公司最初对分类为待售资产的资产进行计量，其计量金额或公允价值减去出售 成本的较低者。公司在每个报告期评估待售资产的公允价值减去出售成本，并将任何随后的变动报告为资产计量金额 的调整。在资产被分类为待售期间，不对其进行折旧或摊销。
办公室 空间
2024年第一季，公司开始计划卖出其在迈阿密海滩约
业绩不佳 子公司
在2024年第一季度，公司的董事会批准了一项出售子公司表现不佳资产的计划。
在2024年4月30日，公司签署了一项协议，出售已安装和库存的充电单元及与现有客户、主办方和司机相关的协议。此交易于2024年7月3日完成并获得资金。因此，公司记录了损失 $
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BLINK CHARGING CO.
附注 至未经审核之简明合并基本财务报表
(按千计，除分享和每股金额外)
2. 重大会计政策摘要 - 继续
营业收入 收入确认
公司主要从以下途径认识营业收入：
| ● | Product sales – Revenue is recognized at the point where the customer obtains control of the goods and the Company satisfies its performance obligation, which generally is at the time it ships the product to the customer. |
| ● | Charging service revenue – company-owned charging stations - Revenue is recognized at the point when a particular charging session is completed. |
| ● | Network fees and warranty – Represents a stand-ready obligation whereby the Company is obligated to perform over a period of time and, as a result, revenue is recognized on a straight-line basis over the contract term. Network fees are billed annually. |
| ● | Car-sharing services – Relates to revenues attributable to a car-sharing services which provides customers the ability to rent electric vehicles through a subscription service. |
| ● | Other – Other revenues are primarily comprised of revenues generated from alternative fuel credits. |
The following table summarizes revenue recognized in the condensed consolidated statements of operations:
| 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 | $ | $ | $ | $ | ||||||||||||
| Charging service revenue - company-owned charging stations | ||||||||||||||||
| Other | ||||||||||||||||
| Total Revenues - Recognized at a Point in Time | ||||||||||||||||
| Revenues - Recognized Over a Period of Time: | ||||||||||||||||
| Network fees | ||||||||||||||||
| Warranty | ||||||||||||||||
| Total Revenues - Recognized Over a Period of Time | ||||||||||||||||
| Revenues- Other | ||||||||||||||||
| Car-sharing services | ||||||||||||||||
| Grant and rebate | ||||||||||||||||
| Total Revenues - Other | ||||||||||||||||
| Total Revenue | $ | $ | $ | $ | ||||||||||||
The following table summarizes our revenue recognized in the condensed consolidated statements of operations by geographical area:
| 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 | $ | $ | $ | $ | ||||||||||||
| International | ||||||||||||||||
| Total Revenue | $ | $ | $ | $ | ||||||||||||
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 $
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 $
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BLINK CHARGING CO.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(in thousands except for share and per share amounts)
2. 重要会计政策摘要 - 继续
营业收入 持续认列
补贴、回扣和另类燃料积分不在ASC 606的范围内，涉及的营业收入和定期费用在相关的营业收入和/或定期费用记录时确认为收入。与电动车充电桩和其安装相关的补贴和回扣被延迟和以一致的方式摊销，与相关资产的折旧费用相关，这些资产的寿命期间在充电桩的有用寿命内。在2024年和2023年9月30日终了的三个月内，公司分别认识了营业收入$
共享汽车服务属于ASC 842主题，即租赁，涉及与洛杉矶市签订的共享汽车服务协议相关的收入和费用，该协议允许顾客通过订阅服务租用新能源车。公司将此类租赁列为营运租赁。租赁条款包含在公司的合同中，确定公司的合同是否包含租赁通常不需要做出重大的假设或判断。公司的租赁收入不包括大量的变量支付。公司不提供租赁人在租约期末购买所租设备的选择。
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
During
the three months ended September 30, 2024 and 2023, the Company made purchases from a significant supplier that represented less
than
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.
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.
| 截至三个月和九个月结束时 | ||||||||
| 九月三十日， | ||||||||
| 2024 | 2023 | |||||||
| 认股权证 | ||||||||
| 限制性股票单位 | ||||||||
| 选择权 | ||||||||
| 可能增加股份总数 | ||||||||
RECENTLY ISSUED ACCOUNTING STANDARDS
In November 2024, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2024-03 to require more detailed information about specified categories of expenses (purchases
of inventory, employee compensation, depreciation, amortization, and depletion) included in certain expense captions presented on
the face of the income statement. This ASU is effective for fiscal years beginning after December 15, 2026, and for interim periods
within fiscal years beginning after December 15, 2027. Early adoption is permitted. The amendments may be applied either (1)
prospectively to financial statements issued for reporting periods after the effective date of this ASU or (2) retrospectively to
all prior periods presented in the financial statements. The Company is currently evaluating the impact of adopting this guidance on
its condensed consolidated financial statements and related disclosures.
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BLINK CHARGING CO.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(in thousands except for share and per share amounts)
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.
对于涉及的每个报告单位的公允价值估计涉及使用某些主观性假设对未来现金流的折现进行投影，包括与历史和市场增长率以及毛利率改善相关的假设，以及未来的营运费用协同效应和优化，以及其他因素。根据其分析，公司确定截至2024年9月30日，某些报告单位的帐面价值超过了估计的公平值。因此，公司在营运综合表中于2024年9月30日结束的三个月和九个月内确认了一笔商誉减损费用为$
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
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:
| Beginning balance January 1, 2024 | $ | |||
| Impairment of goodwill | ( | ) | ||
| Ending balance September 30, 2024 | $ |
4. CONSIDERATION PAYABLE
SEMACONNECT - NOTES PAYABLE
During
the nine months ended September 30, 2024, the Company repaid the remaining principal balance of $
ENVOY - NOTES PAYABLE
During
the nine months ended September 30, 2024, the Company repaid the remaining principal balance of $
Changes in consideration payable during the nine months ended September 30, 2024 were as follows:
| 2024年1月1日期初余额 | $ | |||
| 偿还Semaconnect票据 | ( | ) | ||
| 偿还Envoy票据 | ( | ) | ||
| 考虑支付金额公平价值变动 | ||||
| 2024年9月30日期末余额 | $ |
See Note 8 – Fair Value Measurement for additional information.
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BLINK CHARGING CO.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(in thousands except for share and per share amounts)
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 $
COMMON STOCK
During
the nine months ended September 30, 2024, the Company issued an aggregate of shares of common stock for services to an employee with
an issuance date fair value of $
During
the nine months ended September 30, 2024, the Company issued an aggregate of shares of common stock upon vesting of restricted
stock units to employees for services with an aggregate grant date fair value of $
STOCK-BASED COMPENSATION
公司于2024年9月30日结束的三个月和九个月内，承认了与普通股、期权和认股权证相关的股份报酬费用，金额为$ 和$ 相应地，在2023年9月30日结束的三个月和九个月内，公司承认了与普通股、期权和认股权证相关的股份报酬费用，金额分别为$ 和$，分别包含在简明合并营运报表的报酬费用中。截至2024年9月30日，未确认的股份报酬费用为$ ，将在加权平均剩余弥毕期间内承认。 年
在2024年9月30日结束的九个月内，公司总共授予了 股限制股票，总授予日期公平价值为$ 将按比例认列于解冻期之间。限制股票解冻日期从在综合损益表的薪酬费用中。
6. RELATED PARTY TRANSACTIONS
JOINT VENTURE
The
Company and a group of
Cyprus entities entered into a shareholders’ agreement on February 11, 2019, pertaining to the parties’ respective
shareholdings in a new joint venture entity, Blink Charging Europe Ltd. (the “Entity”), that was formed under the laws
of Cyprus on the same date. The Company owns %
of the Entity, while the other three parties own %.
Subsequently, two of the three other parties exited the joint venture, and the remaining other party acquired the ownership of the
exiting parties. The Entity currently owns
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 $
| 13 |
BLINK CHARGING CO.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(in thousands except for share and per share amounts)
7. LEASES
Total
operating lease expenses for the three and nine months ended September 30, 2024 were $
截至2024年9月30日，公司没有未开始的额外营运和融资租赁。截至2024年9月30日，公司拥有尚未开始的融资租赁资产$
During
the three and nine months ended September 30, 2024, the Company recorded $
During
the three and nine months ended September 30, 2024 the Company recorded amortization expense of $
Supplemental cash flows information related to leases was as follows:
| 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 | $ | $ | ||||||
| Financing cash flows from finance leases | $ | $ | ||||||
| Right-of-use assets obtained in exchange for lease obligations: | ||||||||
| Operating leases | $ | $ | ||||||
| Finance leases | $ | $ | ||||||
| Weighted Average Remaining Lease Term | ||||||||
| Operating leases | ||||||||
| Financing leases | ||||||||
| Weighted Average Discount Rate | ||||||||
| Operating leases | % | % | ||||||
| Finance leases | % | % | ||||||
Future minimum payments under non-cancellable leases as of September 30, 2024 were as follows:
| 截至12月31日的年终 | 营运租赁 | 融资租赁 | ||||||
| 2024 | $ | $ | ||||||
| 2025 | ||||||||
| 2026 | ||||||||
| 2027 | ||||||||
| 2028 | ||||||||
| 此后 | ||||||||
| 未来最低租金支付总额 | ||||||||
| 减：隐含利息 | ( | ) | ( | ) | ||||
| 总计 | $ | $ | ||||||
| 14 |
blink charging co.
附注 至未经审核之简明合并基本财务报表
(按千计，除分享和每股金额外)
8. 公允价值衡量
在估值第3级负债时所使用的假设如下所述:
| 截至三个月结束 | 截至九个月结束时 | |||||||||||||||
| 九月三十日， | 九月三十日， | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| 无风险利率 | % | % | % | % | ||||||||||||
| 合约期限（年） | ||||||||||||||||
| 预期波动率 | % | % | % | % | ||||||||||||
| 1.28 | % | % | % | % | ||||||||||||
以下表格概述了定期衡量的具有重大变动的Level 3认股权和应付考虑负债的公平价值变动：
| 2024 | ||||
| 应付款项 | ||||
| 截至1月1日的期初余额， | $ | |||
| 考虑支付金额公平价值变动 | ||||
| 截至9月30日的期末余额， | $ | |||
| 认股权负债 | ||||
| 1月1日的期初余额， | $ | |||
| 公允价值调整权证负债 | ( | ) | ||
| 9月30日的期末余额， | $ | |||
常见股票代付款记录于2024年9月30日及2023年12月31日的公允价值为$。
Assets and liabilities measured at fair value on a recurring basis are as follows:
| September 30, 2024 | ||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | |||||||||||||
| Assets: | ||||||||||||||||
| Alternative fuel credits | $ | $ | $ | $ | ||||||||||||
| Total assets | $ | $ | $ | $ | ||||||||||||
| Liabilities: | ||||||||||||||||
| Warrant liability | $ | $ | $ | $ | ||||||||||||
| Common stock consideration payable | ||||||||||||||||
| Total liabilities | $ | $ | $ | $ | ||||||||||||
| 2023年12月31日 | ||||||||||||||||
| 一级 | 二级 | 三级 | 总计 | |||||||||||||
| 资产： | ||||||||||||||||
| 替代燃料信贷 | $ | $ | $ | $ | ||||||||||||
| 资产总额 | $ | $ | $ | $ | ||||||||||||
| 负债： | ||||||||||||||||
| 选择权负债 | $ | $ | $ | $ | ||||||||||||
| 认股权负债 | ||||||||||||||||
| 普通股负债 | ||||||||||||||||
| 应付普通股对价 | ||||||||||||||||
| 总负债 | $ | $ | $ | $ | ||||||||||||
| 15 |
blink charging co.
附注 至未经审核之简明合并基本财务报表
(按千计，除分享和每股金额外)
9. 承诺事项与可能负担之事项
采购承诺
截至2024年9月30日，公司
已有约$的采购承诺。
诉讼、 争议和和解
公司可能会面临诉讼、调查、知识产权事项、索赔和诉讼案件，其中包括但不限于与供应商和客户的合同争议以及与就业、健康和安全事项相关的责任，这些可能在业务一般运作过程中出现。公司为可能性高且能够合理估计的损失作出赔偿。损失的不确定性很大，因此，确定损失的可能性和/或任何损失的计量可能是复杂的且可能会变化。
本公司相信，截至2024年9月30日，已对任何此类诉讼、调查、索赔和诉讼作适当的提列，并且本公司认为未出现溢出已在简明综合财务报表中承认的金额的重大损失是合理不可能发生的。鉴于诉讼的固有不确定性，无法确定地预测本文所述进行中事项的最终结果。虽然诉讼具有不可预测性，但本公司认为在目前对其进行中的法律事务方面具有有效辩护。然而，对于管理人员目前未知的未来事件或情况，可能会对本公司在任何未来报告期间的财务状况、流动性或营运成果产生重大影响。
于2020年8月，一宗声称的证券集体诉讼案件，名为Bush v. blink charging co等，案号20-cv-23527，在美国佛罗里达南部地方法院对该公司、Michael Farkas（blink的前董事会主席兼首席执行官）和Michael Rama（blink的财务长）（以下简称“Bush 诉讼”）提起诉讼。2020年9月，另一宗声称的证券集体诉讼案件，名为Vittoria v. blink charging co等，案号20-cv-23643，在美国佛罗里达南部地方法院对相同被告提起诉讼，旨在追回相同的被指控损害。在将两宗诉讼合并并由法庭指定Tianyou Wu、Alexander Yu和H. Marc Joseph担任共同首席原告后，共同首席原告于2021年2月提出修订诉讼。修订诉讼除其他事项外，指控被告对于blink网路的规模和功能性做出虚假或误导性陈述，并根据1934年证券交易法第10(b)和20(a)条款提出诉讼。2021年4月，blink和其他被告提交了一项驳回修订诉讼的动议。2023年11月，法庭驳回了共同首席原告关于blink充电网路规模的主张，并否决了其余的驳回动议。经过2024年4月的调解，各方同意达成和解条款，被告同意支付3,750美元（包括律师费和行政成本）以换取对所有主张的终局驳回。2024年10月21日，法院召开了最终和解听证会，批准了和解，将Bush诉讼结案并终局驳回，并结案。该和解金额已由公司董事和高级主管保险政策支付。
2020年9月，一位股东代表诉讼案件Klein（代表blink charging co.）v. Farkas等人，案号20-19815CA01，在迈阿密代表郡巡回法院提出，以追究公司对blink的董事会和Michael Rama 的权利。Blink 被指名为名义被告。Klein 诉讼主张董事被告导致 Blink 就在证券集体诉讼中提出的声明，公司因此费用增加，捍卫Bush 诉讼及其他未指明的调查。Klein 诉讼主张对董事被告违反尽忠职守和公司滥用行为提出索赔，对所有被告提出不公正丰厚索赔。Klein 在他的控诉中没有量化所述损害，但他寻求作为公司遭受到的被告所述尽忠职守违反的损害、公司治理变革、归还、以及从被告那里及律师费用及其他诉讼费用中追回利润。2020年12月，另一位股东代表诉讼案件Bhatia（代表blink charging co.）v. Farkas等人，案号20-27632CA01，在迈阿密代表郡巡回法院对同一位 Klein 诉讼中的被告提起诉讼，并主张类似的索赔，以及与公司提名、任命和聘请少数族裔和女性及公司决定保留外部审计师有关的其他索赔（Bhatia 诉讼）。2022年6月，法院将 Klein 和 Bhatia 的行动合并为以 In re Blink Charging Company 股东代表诉讼为标题的主案号2020-019815-CA-01。该诉讼仍然中止。公司完全否认指控。公司已经聘请法律顾问积极捍卫该诉讼。截至2024年9月30日，公司尚未记录与此事相关的应计费用，因为公司确定任何此类损失可能性都不大或无法估计。
2022年2月，一宗股东代理诉讼案，名为McCauley（代表Blink Charging Co.提起），原告为Farkas等人，案号为A-22-847894-C，在内华达州克拉克县提出，旨在代表公司追讨对Blink的董事会和Michael Rama的索赔（“McCauley诉讼”）。Blink被列为名义被告。 McCauley诉讼主张相似的要求并寻求与Klein诉讼相似的赔偿。该诉讼仍然处于留置状态。公司完全否认这些指控。公司已聘请法律顾问积极捍卫此诉讼。截至2024年9月30日，公司未记录与此事相关的赔偿准备金，因为公司认定任何此类损失应应或不能估计。
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| 项目 2. | 管理层讨论及分析财务控制项和营运成果 |
关于前瞻性资讯的特别提示
应该阅读与我们的基本报表和包含在此《季度报告》表格10-Q中其他地方的基本报表附注一起，于2024年9月30日和2024年9月30日结束的三个和九个月的营运和财务状况的讨论和分析，以及参阅Blink Charging Co.（连同其子公司，“Blink”或“公司”）的2023年12月31日年报表格10-k中的第1部分，项目1A下里设定的风险因素，以及本《季度报告》中其他地方讨论的类似项目，特别是在第II部分的项目IA - 风险因素。在本管理的财务状况和营运结果中对“我们”，“我们”，“我们的”等类似术语的参考指向Blink。本《季度报告》包含根据联邦证券法定义的前瞻性陈述。本《季度报告》中包含的前瞻性陈述所描述的事件可能不会发生。一般来说，这些陈述涉及业务计划或策略，计划或预期的利益或其他后果，我们计划或策略的预期收购的预期利益，或涉及预期收入、收益或营运结果其他方面的预测。“可能”，“将”，“期望”，“相信”，“预期”，“计划”，“打算”，“估计”，“和“继续”，及其相反和类似表达，旨在识别前瞻性陈述。我们提醒您，这些陈述并不保证未来的表现或事件，并且受到多种我们控制范围之外的不确定性，风险和其他影响力的影响，这些不确定性，风险和其他影响力可能影响陈述的准确性。可能影响我们结果的因素包括但不限于在公司年报表格10-k上设定的风险因素下设定的风险和不确定性，该年结束于2023年12月31日，和后续定期报告中的类似项目，如本《季度报告》中其他地方讨论的那样。
这些不确定性、风险和其他影响中的任何一项或多项，都可能实质影响我们的营运结果，以及我们所提出的前瞻性声明最终是否准确。我们的实际结果、表现和成就可能与这些前瞻性声明中所表达或暗示的不同。除非根据联邦证券法的规定，否则我们不承诺公开更新或修订任何前瞻性声明，无论是来自新资讯、未来事件或其他原因。
美金以千元为单位报告，股份及每股金额除外。
概观
我们是美国和国际市场上不断增长的电动汽车（EV）充电设备和网络EV充电服务的领先制造商、拥有者、运营商和服务商。Blink提供住宅和商业EV充电设备和服务，让EV驱动员可以在各种不同类型的位置充电。Blink的主要产品和服务是其Blink EV充电网络（“Blink网络”）和Blink EV充电设备，也被称为电动汽车供应设备（“EVSE”）和其他与EV相关的服务。Blink网络是一个专有的基于云的系统，运营、维护和管理Blink充电站，处理相关的充电数据、后端运营和付款处理。Blink网络为物业所有者、管理者、停车公司、州政府和市政实体以及其他类型的商业客户（“物业合作伙伴”）提供基于云的服务，使他们能够远程监控和管理EV充电站。Blink网络还为EV驱动员提供重要的站点信息，包括站点位置、可用性和费用。
为了从为商业客户提供充电桩设备中获得更多收入，并帮助区隔Blink在充电桩制造行业中的地位，Blink为物业合作伙伴提供广泛的充电桩设备和服务解决方案，通常分为以下一种业务模式，这些模式区分于谁拥有设备以及谁承担安装、设备和维护成本，以及分享收入的百分比。
| ● | 在 我们的 Blink 拥有的整厂包 业务模式，我们承担充电设备和安装成本。我们拥有和操作电动汽车 充电站并提供充电站与 Blink 网络的连接。在这个模式中，它有利于经常性收入， 我们承担大部分与电动车充电站相关的成本；因此，我们在扣除后大部分保留所有电动汽车充电收入 网络连接和处理费用。我们与物业合作伙伴的协议通常持续七年，延长期为： 可以将期限延长到 21 年。 | |
| ● | 在 我们的 Blink 自有的混合动力 业务模式，我们承担充电设备费用，而物业合作伙伴承担安装 成本。我们拥有并经营电动车充电站，并提供与 Blink 网络的连接。在此模型中，因为属性 合作伙伴承担安装，扣除后，我们将更丰富的部分电动车充电收入与房地产合作伙伴分享 Blink 网络连接和处理费用。我们与物业合作伙伴的协议持续五年，并可延长可以 将期限延长到 15 年。 | |
| ● | 在 我们的 主机拥有 业务模式，房地产合作伙伴购买、拥有和经营 Blink EV 充电站并承担 安装成本。我们通过提供网站建议，与 Blink 网络的连接，与房地产合作伙伴合作， 付款处理，以及可选维护服务。在此型号中，物业合作伙伴会保留并保留所有电动车充电 扣除 Blink 网络连接和处理费用后的收入。 | |
| ● | 在 我们的 闪烁即服务 型号，我们拥有和操作电动车充电站，而物业合作伙伴负责安装 成本。房地产合作伙伴为我们支付固定的每月服务费用，并扣除 Blink 后保留所有电动车充电收入 网络连接和处理费用。通常，我们与物业所有者的协议通常持续五年。 |
我们也拥有并运营一个全资子公司Envoy Mobility, Inc.通过这个计划，顾客可以透过订阅服务共享新能源车，并在我们的充电站为这些汽车充电。
为了通过全球范围内建立和管理充电桩基础设施，从而促进电动车的广泛应用，我们坚定地致力于减缓气候变化。透过我们努力减少源自汽油车辆的温室气体排放，证明了我们对此的承诺。我们的目标是成为充电桩基础设施建设的领导者，并最大程度地占领电动车充电市场份额。我们已在行业板块不同的商业、市政和零售合作伙伴企业建立战略合作关系，并覆盖众多的交通/目的地位置，包括机场、汽车经销商、医疗保健、酒店、综合用途、市政场所、多层住宅和公寓、公园和康乐区域、停车场、宗教机构、餐厅、零售商、学校和高校、体育场馆、超市、交通枢纽和工作地点。
| 17 |
我们与重要客户达成了协议，包括美国邮政服务（USPS）、Mack Trucks、McArthurGlen、BluePoint、Mike Albert Fleet Solutions、Royal Farms、John Henry General Store、Moberly Motor Company、arcos dorados（麦当劳波多黎各）、AAA、Allegiant Stadium（拉斯维加斯）、Tuckahoe村（纽约州）、迈阿密海滩（佛罗里达州）、Nashville-Davidson郡政府、盐湖城国际机场、三菱、库什曼与韦克菲尔德、Triple J、Q-Park、百思买、瑞银、Bosch墨西哥、保时捷波多黎各和瓜地马拉、Veris Residential、Greystar、Cambium，以及亚特兰大（乔治亚州）、罗克福德（伊利诺伊州）、牛顿（爱荷华州）和温斯罗（新泽西州）、里兹（英国），这些扩大了我们的单元销售和部署潜力。
截至2024年9月30日，我们总共合约、销售或部署了105,239个充电器，其中84,696个位于Blink Networks（包括60,164个二级商用充电器、1,278个直流快充商用充电器、682个住宅充电器，以及22,572个待投入运营的充电器）。在Blink Networks中，有6,442个充电器是我们拥有的。剩余的20,543个充电器未连网，位于其他网络、国际销售或部署（包括4,012个二级商用充电器、72个快速直流充电器、12,267个住宅二级Blink EV充电器，其中2,467个卖给其他美国网络，以及1,725个国际销售）。Blink连网充电器包括公共和私人充电器，由站点拥有者指定，且扣除换装、更换单元和已停用的单元。某些商用充电器包括安装在住宅环境中以商业用途的充电器。所有充电器，包括所有国际Blink位置的充电器，均根据美国能源部的指南进行分类。
依据我们截至2024年9月30日的简明综合基本报表，我们的现金及现金等价物为$64,584，流动资本为$96,596 ，累积亏损为$662,344。在截至2024年9月30日的三个月和九个月内，我们分别出现净亏损$87,389和$124,621。在截至2024年9月30日的九个月内，我们营运现金流出金额达34,830。我们尚未实现盈利。
近期 发展情况
市价供应
2022年9月2日，我们与巴克莱银行、美国美林证券公司、汇丰证券（美国）公司、ThinkEquity LLC、H.C. Wainwright & Co. LLC和Roth Capital Partners LLC（总称“代理商”）签署了一份销售协议（”销售协议“） ，以进行以市场为目的（”ATM“）股权发行计划，根据该计划，我们可以随时公开发行和卖出代理商的共同股票，总发售价值高达250,000美元。我们使用ATM股权发行计划下卖出的普通股票的净收益来补充运营现金流，以资助我们的充电桩部署和其他增长计划。我们还将使用我们收到的净收益的一部分用于运营资本和其他企业目的。我们使用净收益的金额和时间将取决于许多因素，如我们充电桩部署工作的时间和进展、任何合作伙伴关系和合作努力的时间和进展，以及技术进步。根据销售协议，代理商有权从售出的股票的总毛收益中获得高达3%的固定佣金，我们向代理商提供了通常的赔偿权利。
我们于2023年11月16日签署了一项修订销售协议，并于2023年11月2日（“修订”生效）与代理商达成协议。该修订修订了销售协议中使用的“登记声明”一词，修改为我们新的S-3表格注册声明，编号为333-275123，并将销售协议中使用的“招股说明书增补”一词修订为我们于2023年11月2日发行的与销售协议中所讨论ATm股权发行计划相关的增补说明书。
在2023年12月31日结束的一年中，公司根据ATm计划出售了30,914,695股普通股，总收入约116,651美元，扣除发行费用后净收入约114,317美元。
截至2024年9月30日止九个月，公司根据ATm计划出售了8,177,472股普通股，总收益约为$25,651，扣除发行费用后净收益约为$25,070。截至2024年9月30日，已根据ATm计划出售了39,650,888股，总收益约为$149,999。
产品 和服务提供
我们为物业合作伙伴和电动车司机提供各种充电桩产品和服务。
EV 充电解决方案
| ● | 2 级。 我们提供多种 2 级(AC) 充电装置，适用于商业和住宅使用，配备北美标准 J1772 连接器、北美充电标准(NACS) 连接器，以及与欧洲和拉丁美洲电动车兼容的 Type 2 连接器。 | |
| ● | 我们的商用 2 级充电器包括 EQ、HQ、MQ 和 IQ 200 系列，以及 4、6、7 和 8 系列，可提供底座、壁挂和立柱安装配置。 MQ 和 IQ 200 系列，以及 6、7 和 8 系列充电器提供可选的充电线管理系统。此外，我们为美洲提供三款住宅 2 级充电器：壁挂式 HQ 200、4 系列，以及为欧洲市场设计的智能充电线 PQ 150。我们的商用和住宅充电器(除了非网络 HQ 150)可以连接到 Blink Networks 或本地网络。 2 级充电站通常在二至八小时内充满电量。 2 级充电器非常适合低成本安装，并经常用于工作场所、多住宅、零售店、酒店、综合用途停车场、市政、大学/学校、医院和机场等停车场。 | |
| ● | 国际产品。 我们为快速扩大的国际市场提供 2 级交流和直流产品，目标对象包括住宅、工作场所、零售店、停车场、租赁公司、酒店和其他地点。这些产品提供 Type 2、GBt 和 CCS 2 连接器，包括 PQ 150、3 系列(适用于 2/3 轮车辆的理想产品) 和 EQ 200。 | |
| ● | 行动充电器我们为行动/紧急充电市场提供HQ 200-m Level 2充电器，适用于需要使用便携式充电器的路边或其他情况，无法连接到电网的情况。 |
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| ● | DCFC。 我们提供一系列完整的DC快速充电设备（“DCFC”），功率范围从30kW到360kW，支持‘CHAdeMo'，CCS1和NACS连接器，通常可以在不到30分钟内提供80％的充电。安装DCFC站和电网要求通常大于2级充电站，理想情况是适用于交通枢纽和旅行目的地之间的地点。包括Series 9 30kW DC快速充电器，适用于车队和汽车经销业务部门，可提供壁挂和基座安装配置，Blink 30kW DC快速充电器占地面积小，最大输出可达100安培，以及提供140到500安培功率的Blink 60kW - 360kW DC快速充电器。, Blink充电网络。 | |
| ● | Blink Network。 Blink Network是一个基于云的平台，用于管理我们世界各地的EV充电桩网络，进行远程监控、管理、支付处理、客户支持和运营Blink EV充电位置所需的其他功能。 | |
| ● | blink charging手机应用程式。 我们提供Blink Charging手机应用程式（iOS和Android），让电动汽车驾驶员透过提供更好的搜索功能来控制，使他们可以搜索附近的便利设施，以及按邮政编码、城市、业务、类别或地址搜索充电器，以及扩展关键字搜索。应用程式还包括支付功能，消除了使用信用卡的需要。 | |
| ● | 车队管理。我们提供针对商业、市政和联邦车队的车队管理应用程式，用于计划、管理和优化其出发时间表和能源成本。我们的车队管理应用程式可以作为独立工具使用，也可以集成到现有的车队管理解决方案中，这使得Blink成为现有软体堆中的灵活和增值解决方案。 |
影响营运结果的关键因素
我们相信我们的表现和未来成功取决于几个因素，包括下面所讨论的那些：
竞争 - 充电桩设备和服务市场竞争激烈，我们预计随著新进入者加入这个不断增长的市场，市场竞争将变得日益激烈。我们的产品和服务在产品性能和功能、总拥有成本、制造业的来源、销售能力、财务稳定性、品牌认知度、产品可靠性以及已安装基地的大小上进行竞争。现有竞争对手可能扩大其产品供应和销售策略，新竞争者可能进入市场。如果由于竞争加剧导致我们的市场份额下降，其未来的营业收入和利润能力可能会受到负面影响。
成长 - 我们的增长高度依赖消费者对电动车的采用，我们面临电动车需求降低的风险。 替代燃料车辆市场仍然相对新兴，快速发展，特点是技术快速变化、价格竞争、增加竞争对手、不断演变的政府监管和行业标准、频繁的新车型公告、电动车原始设备制造商长开发周期以及消费者需求和行为的变化。可能影响替代燃料车辆及特别是电动车购买和使用的因素包括以下: 对电动车质量、安全性（特别是与电池化学相关的安全性）、设计、性能和成本的看法；电动车单次电池充电可行驶的有限区间及使用过程中担心耗尽电量；内燃机动力效益的提升； 消费者购买奢侈汽车或被认为独具特色的汽车的渴望和能力；消费者对环保的意识；石油和汽油价格的波动性；消费者对美国对来自不稳定或敌对国家的石油依赖以及国际冲突影响的看法；政府规定和经济激励措施促进燃油效率和其他形式的能源；充电站访问、EV充电系统标准化和消费者对EV充电便利性和费用的看法；以及购买和驾驶EV或未来规定要求增加非污染车辆使用的税收和其他政府激励措施的可用性。如果EV市场无法获得广泛市场接受或发展速度低于预期，我们的业务、前景、财务状况和营运结果可能会受到不利影响。
规定 - 我们的业务受联邦、州和国际法律和规定管辖，包括关于政府鼓励提高燃油效率和采用其他形式的能源、新能源车和其他方面的法律。这些法律和规定，以及对这些法律和规定的解释或应用，可能会发生变化。政府补助金和经济激励措施的减少、取消或歧视性应用，可能是因政策变化、财政紧缩或其他原因，导致我们的产品减少来自政府的收入和需求。此外，可能会颁布影响我们业务的新法律或规定。遵守这些适用的法律或规定通常成本高昂，可能会占用管理层大部分注意力。对这些相关法律或规定的修改可能会影响业务，或损害我们的客户，从而不利于我们的业务、财务状况和营运结果。
通过收购进行扩张 - 我们可能通过战略性国内和国际收购来扩大业务。在收购交易中的风险包括将收购的业务整合到我们的业务和控制环境中存在困难，整合和留住员工和中间人存在困难，保留收购实体现有客户存在困难，承担或未料到的与收购业务相关的负债，交易对手无法履行对我们对收购业务产生的责任进行保护的义务，以及可能不利的市场条件可能对我们对所收购业务的增长期望产生负面影响。完全将一家收购的公司或业务整合到我们的业务中可能需要很长的时间。如果我们无法整合或进行战略收购，将对我们的财务状况和营运结果产生负面影响。
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营运结果
2024年9月30日结束的三个月和九个月，与2023年9月30日结束的三个月和九个月相比
| 截至三个月的结束日期 | 截至九个月结束 | |||||||||||||||||||||||||||||||
| 九月三十日， | 九月三十日, | 3个月 | 九个月间 | |||||||||||||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | 差额 $ | 差额 % | Difference $ | Difference % | |||||||||||||||||||||||||
| 营业收入： | ||||||||||||||||||||||||||||||||
| 产品销售 | $ | 13,448 | $ | 35,059 | $ | 64,538 | $ | 76,035 | $ | (21,611 | ) | -62 | % | $ | (11,497 | ) | -15 | % | ||||||||||||||
| 充电服务营收-公司拥有的充电站 | 5,254 | 3,859 | 15,217 | 11,111 | 1,395 | 36 | % | 4,106 | 37 | % | ||||||||||||||||||||||
| 网络费用 | 2,332 | 1,973 | 6,304 | 5,268 | 359 | 18 | % | 1,036 | 20 | % | ||||||||||||||||||||||
| 保固 | 1,405 | 849 | 3,698 | 2,163 | 556 | 65 | % | 1,535 | 71 | % | ||||||||||||||||||||||
| 补助和退款 | 982 | 47 | 1,617 | 284 | 935 | 1989 | % | 1,333 | 469 | % | ||||||||||||||||||||||
| 共享汽车服务 | 1,168 | 903 | 3,467 | 2,112 | 265 | 29 | % | 1,355 | 64 | % | ||||||||||||||||||||||
| 其他 | 598 | 687 | 1,176 | 914 | (89 | ) | -13 | % | 262 | 29 | % | |||||||||||||||||||||
| 总收益 | 25,187 | 43,377 | 96,017 | 97,887 | (18,190 | ) | -42 | % | (1,870 | ) | -2 | % | ||||||||||||||||||||
| 营收成本： | ||||||||||||||||||||||||||||||||
| 产品销售成本 | 9,122 | 24,619 | 39,965 | 49,509 | (15,497 | ) | -63 | % | (9,544 | ) | -19 | % | ||||||||||||||||||||
| 充电服务成本 - 公司拥有充电站 | 724 | 566 | 1,924 | 2,196 | 158 | 28 | % | (272 | ) | -12 | % | |||||||||||||||||||||
| 主机提供商费用 | 2,982 | 2,399 | 9,306 | 6,285 | 583 | 24 | % | 3,021 | 48 | % | ||||||||||||||||||||||
| 网络成本 | 577 | 407 | 1,816 | 1,339 | 170 | 42 | % | 477 | 36 | % | ||||||||||||||||||||||
| 保修、维修和保养 | 294 | 561 | 1,880 | 2,924 | (267 | ) | -48 | % | (1,044 | ) | -36 | % | ||||||||||||||||||||
| 共乘服务 | 1,156 | 931 | 3,302 | 3,162 | 225 | 24 | % | 140 | 4 | % | ||||||||||||||||||||||
| 折旧和摊销 | 1,213 | 1,109 | 4,573 | 2,853 | 104 | 9 | % | 1,720 | 60 | % | ||||||||||||||||||||||
| 总收益成本 | 16,068 | 30,592 | 62,766 | 68,268 | (14,524 | ) | -47 | % | (5,502 | ) | -8 | % | ||||||||||||||||||||
| 毛利润 | 9,119 | 12,785 | 33,251 | 29,619 | (3,666 | ) | -29 | % | 3,632 | 12 | % | |||||||||||||||||||||
| 营业费用： | ||||||||||||||||||||||||||||||||
| 补偿 | 15,159 | 15,268 | 47,770 | 75,967 | (109 | ) | -1 | % | (28,197 | ) | -37 | % | ||||||||||||||||||||
| 总部开支 | 7,972 | 8,539 | 23,782 | 26,466 | (567 | ) | -7 | % | (2,684 | ) | -10 | % | ||||||||||||||||||||
| 其他营业费用 | 4,739 | 5,300 | 16,135 | 13,630 | (561 | ) | -11 | % | 2,505 | 18 | % | |||||||||||||||||||||
| 考虑支付金额公平价值变动 | 364 | - | 2,811 | - | 364 | 0 | % | 2,811 | 0 | % | ||||||||||||||||||||||
| 无形资产减损 | - | 5,143 | - | 5,143 | (5,143 | ) | -100 | % | (5,143 | ) | -100 | % | ||||||||||||||||||||
| 商誉减损损失 | 69,111 | 89,087 | 69,111 | 89,087 | (19,976 | ) | -22 | % | (19,976 | ) | -22 | % | ||||||||||||||||||||
| 营业费用总计 | 97,345 | 123,337 | 159,609 | 210,293 | (25,992 | ) | -21 | % | (50,684 | ) | -24 | % | ||||||||||||||||||||
| 营运损失 | (88,226 | ) | (110,552 | ) | (126,358 | ) | (180,674 | ) | 22,326 | -20 | % | 54,316 | -30 | % | ||||||||||||||||||
| 其他收入（费用）： | ||||||||||||||||||||||||||||||||
| 利息支出 | (2 | ) | (970 | ) | (475 | ) | (2,373 | ) | 968 | -100 | % | 1,898 | -80 | % | ||||||||||||||||||
| 注销应付票据的利润（亏损） | 36 | (1,000 | ) | 36 | (1,000 | ) | 1,036 | -104 | % | 1,036 | -104 | % | ||||||||||||||||||||
| 衍生金融工具及其他应计递延负债公允价值变动 | 4 | - | (11 | ) | 10 | 4 | 0 | % | (21 | ) | -210 | % | ||||||||||||||||||||
| 其他费用 | (2 | ) | (112 | ) | (2 | ) | (62 | ) | 110 | -98 | % | 60 | -97 | % | ||||||||||||||||||
| 股息及利息收入 | 783 | 720 | 2,363 | 1,320 | 63 | 9 | % | 1,043 | 79 | % | ||||||||||||||||||||||
| 其他收入（费用）总额 | 819 | (1,362 | ) | 1,911 | (2,105 | ) | 2,181 | -160 | % | 4,016 | -191 | % | ||||||||||||||||||||
| 税前亏损 | $ | (87,407 | ) | $ | (111,914 | ) | $ | (124,447 | ) | $ | (182,779 | ) | $ | 24,507 | -22 | % | $ | 58,332 | -32 | % | ||||||||||||
| 所得税负债（资产） | 18 | (807 | ) | (174 | ) | (1,225 | ) | 825 | -102 | % | 1,051 | -86 | % | |||||||||||||||||||
| 净亏损 | $ | (87,389 | ) | $ | (112,721 | ) | $ | (124,621 | ) | $ | (184,004 | ) | $ | 25,332 | -22 | % | $ | 59,383 | -32 | % | ||||||||||||
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Three Months Ended September 30, 2024 Compared With Three Months Ended September 30, 2023
Revenues
Total revenue for the three months ended September 30, 2024 decreased by $18,190, or 42%, to $25,187 compared to $43,377 during the three months ended September 30, 2023.
Revenue from product sales was $13,448 for the three months ended September 30, 2024 as compared to $35,059 during the three months ended September 30, 2023, a decrease of $21,611, or 62%. This decrease was attributable to decreased sales of commercial chargers, DC fast chargers and residential chargers when compared to the same period in 2023.
Charging service revenue from Company-owned charging stations was $5,254 for the three months ended September 30, 2024 as compared to $3,859 for the three months ended September 30, 2023, an increase of $1,395, or 36%. The increase is due to the increase in utilization of chargers and an increased number of chargers on the Blink Networks.
Network fee revenues were $2,332 for the three months ended September 30, 2024 as compared to $1,973 for the three months ended September 30, 2023, an increase of $359, or 18%. The increase was attributable to increases in host owned units during the three months ended September 30, 2024, as compared to the three months ended September 30, 2023.
Warranty revenues were $1,405 for the three months ended September 30, 2024 as compared to $849 for the three months ended September 30, 2023, an increase of $556, or 65%. The increase was primarily attributable to an increase in warranty contracts sold for the three months ended September 30, 2024 as compared to the three months ended September 30, 2023. As of September 30, 2024, we recorded a liability of $3,112 which represents the estimated cost of existing backlog of known warranty cases.
Grant and rebate revenues were $982 during the three months ended September 30, 2024 as compared to $47 during the three months ended September 30, 2023, an increase of $935, or 1,989%. Grant and rebates relating to equipment and the related installation are deferred and amortized in a manner consistent with the depreciation expense of the related assets over their useful lives. The decrease in revenue was primarily related to the timing of the amortization of previous years’ state grants/rebates associated with the installation of chargers during the three months ended September 30, 2024 and 2023.
Car-sharing services revenues were $1,168 during the three months ended September 30, 2024 as compared to $903 during the three months ended September 30, 2023, an increase of $265, or 29%. The increase in revenues is due to the increase in properties and participants subscribing to the car-sharing services.
Other revenue decreased by $89 or 13% to $598 for the three months ended September 30, 2024 as compared to $687 for the three months ended September 30, 2023. The increase was primarily attributable to higher Low Carbon Fuel Standard (LCFS) credits generated during the three months ended September 30, 2024 compared to the same period in 2023. We generate these credits from the electricity utilized by our electric car charging stations as a byproduct from our charging services in the states of California and Oregon.
Cost of Revenues
Cost of revenues primarily consists of electricity reimbursements, revenue share payments to our Property Partner hosts, the cost of charging stations sold, connectivity charges provided by telco and other networks, warranty, repairs and maintenance services, and depreciation of our installed charging stations. Cost of revenues for the three months ended September 30, 2024 were $16,068 as compared to $30,592 for the three months ended September 30, 2023, a decrease of $14,524 or 47%. There is a degree of variability in our costs in relationship to our revenues from period to period, primarily due to:
| ● | electricity reimbursements that are unique to those Property Partner host agreements which provide for such reimbursements; | |
| ● | revenue share payments are predicated on the contractual obligation under the property partner agreement and the revenue generated by the applicable chargers; | |
| ● | cost of charging stations sold is predicated on the mix of types of charging stations and parts sold during the period; | |
| ● | network costs are fixed in nature based on the number of chargers connected to the telco network regardless of whether the charger generates revenue; | |
| ● | provisions for excess and obsolete inventory; and | |
| ● | warranty and repairs and maintenance expenses are based on both the number of service cases completed during the period. |
Cost of product sales decreased by $15,497, or 63%, from $24,619 for the three months ended September 30, 2023 as compared to $9,122 for the three months ended September 30, 2024. The decrease was primarily due to the reduction of the volume of product sold during the three months ended September 30, 2024 compared to the same period in 2023.
Cost of charging services-company-owned charging stations (electricity reimbursements) increased by $158, or 28%, to $724 for the three months ended September 30, 2024 as compared to $566 for the three months ended September 30, 2023. The decrease in 2024 was attributable to the mix of charging stations generating charging service revenues subject to electricity reimbursement.
Host provider fees increased by $583, or 24%, to $2,982 during the three months ended September 30, 2024 as compared to $2,399 during the three months ended September 30, 2023. This increase was a result of the mix of chargers generating revenue and their corresponding revenue share percentage payments to Property Partner hosts pursuant to their agreements.
Network costs increased by $170 or 42%, to $577 during the three months ended September 30, 2024 as compared to $407 during the three months ended September 30, 2023. The increase was a result of the increase in charging stations on our network and costs incurred related to the upgrading of our network system compared to the same period in 2023.
Warranty and repairs and maintenance costs decreased by $267 or 48%, to $294 during the three months ended September 30, 2024 from $561 during the three months ended September 30, 2023. The decrease in 2024 was attributable to significant efforts expended to reduce the backlog in warranty and repairs and maintenance cases in the prior year.
Cost of car-sharing services was $1,156 during the three months ended September 30, 2024 as compared to $931 during the 2023 period. The increase was due to a reduction in costs related to vehicles used in this operation during the period.
Depreciation and amortization expense increased by $104, or 9%, to $1,213 for the three months ended September 30, 2024 as compared to $1,109 for the three months ended September 30, 2023. The increase in depreciation expense was attributable to an increase in the number of EV charging stations and vehicles associated with the ride-share services.
Operating Expenses
Compensation expense decreased by $109, or 1%, to $15,159 (consisting of approximately $14,300 of cash compensation and benefits and approximately $900 of non-cash compensation) for the three months ended September 30, 2024. Compensation expense was $15,268 (consisting of approximately $14,100 of cash compensation and benefits and approximately $1,100 of non-cash compensation) for the three months ended September 30, 2023. The decrease in compensation expense for the three months ended September 30, 2024 compared to the same period in 2023 was primarily related to decreases in personnel and compensation in executive, marketing, sales and operations departments as a result of cost savings and synergies realized. The decrease in compensation expense was partially offset by severance expense of $0.6 million recorded during the three months ended September 30, 2024 associated with the cost reduction plans we initiated during this period.
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General and administrative expenses decreased by $567, or 7%, to $7,972 for the three months ended September 30, 2024 as compared to $8,539 for the three months ended September 30, 2023. The decrease was primarily attributable to decreases in legal, marketing, recruiting, software licensing, investor/public relations and external consulting/other professional service expenditures of $1,827 partially offset by increases in accounting/auditing and bad debt expenses of $735.
Other operating expenses decreased by $561, or 11%, to $4,739 for the three months ended September 30, 2024 from $5,300 for the three months ended September 30, 2023. The decrease was primarily attributable to decreases in website, rent, vehicle, travel, annual meeting, hardware and software development costs of $1,981. The decrease was primarily offset by increases in software licensing expenses, property/use tax expenditures and insurance expense of $963.
The Company recorded a loss on change in fair value of consideration payable related to the Envoy acquisition of $364 in the 2024 period due to the change in the inputs to the probability-weighted discounted cash flow model. There was no such amount recognized in the 2023 period.
During the three months ended September 30, 2024, we observed certain triggering events, including a decline in our stock price and, as a result, we conducted a quantitative impairment analysis of our goodwill and intangible assets and determined that the fair value of certain reporting units were less than the carrying amount and, as a result, recorded an impairment charge of $69,111 related to goodwill during the 2024 period. During the three months ended September 30, 2023, we observed certain triggering events, including a decline in our stock price and, as a result, we conducted a quantitative impairment analysis of our goodwill and intangible assets and determined that the fair value of our reporting units were less than the carrying amount and, as a result, recorded an impairment charge of $89,087 related to goodwill and $5,143 related to intangible assets during the 2023 period.
Other Income (Expense)
We recorded other income of $819 during the three months ended September 30, 2024 as compared to other expense of $(1,362) for the three months ended September 30, 2023. The increase in other income was primarily due to an increase of $63 related to dividend and interest income, partially offset by a decrease in interest expense of $968 compared to the 2023 period and a decrease in loss on extinguishment on notes payable.
Net Loss
Our net loss for the three months ended September 30, 2024 decreased by $25,332, or 22%, to $87,389 as compared to $112,721 for the three months ended September 30, 2023. The decrease was primarily attributable to a decrease in operating expenses, partially offset by an increase in gross profit.
Total Comprehensive Loss
Our total comprehensive loss for the three months ended September 30, 2024 was $84,790 whereas our total comprehensive loss for the three months ended September 30, 2023 was $114,399.
Nine Months Ended September 30, 2024 Compared With Nine Months Ended September 30, 2023
Revenues
Total revenue for the nine months ended September 30, 2024 increased by $1,870, or 2%, to $96,017 compared to $97,887 during the nine months ended September 30, 2023.
Revenue from product sales was $64,538 for the nine months ended September 30, 2024 as compared to $76,035 during the nine months ended September 30, 2023, a decrease of $11,497, or 15%. This decrease was attributable to decreased sales of commercial chargers, DC fast chargers and residential chargers when compared to the same period in 2023.
Charging service revenue from Company-owned charging stations was $15,217 for the nine months ended September 30, 2024 as compared to $11,111 for the nine months ended September 30, 2023, an increase of $4,106, or 37%. The increase is due to the increase in utilization of chargers and an increased number of chargers on the Blink Networks.
Network fee revenues were $6,304 for the nine months ended September 30, 2024 as compared to $5,268 for the nine months ended September 30, 2023, an increase of $1,036, or 20%. The increase was attributable to increases in host owned units during the nine months ended September 30, 2024, as compared to the nine months ended September 30, 2023.
Warranty revenues were $3,698 for the nine months ended September 30, 2024 as compared to $2,163 for the nine months ended September 30, 2023, an increase of $1,535, or 71%. The increase was primarily attributable to an increase in warranty contracts sold for the nine months ended September 30, 2024 as compared to the nine months ended September 30, 2023. As of September 30, 2024, we recorded a liability of $782 which represents the estimated cost of existing backlog of known warranty cases.
Grant and rebate revenues were $1,617 during the nine months ended September 30, 2024 as compared to $284 during the nine months ended September 30, 2023, an increase of $1,333, or 469%. Grant and rebates relating to equipment and the related installation are deferred and amortized in a manner consistent with the depreciation expense of the related assets over their useful lives. The increase in revenue was primarily related to the timing of the amortization of previous years’ state grants/rebates associated with the installation of chargers during the nine months ended September 30, 2024 and 2023.
Car-sharing services revenues were $3,467 during the nine months ended September 30, 2024 as compared to $2,112 during the nine months ended September 30, 2023, an increase of $1,355, or 64%. The increase in revenues is due to the increase in properties and participants subscribing to are derived from car-sharing subscription services.
Other revenue increased by $262 or 29% to $1,176 for the nine months ended September 30, 2024 as compared to $914 for the nine months ended September 30, 2023. The increase was primarily attributable to higher Low Carbon Fuel Standard (LCFS) credits generated during the nine months ended September 30, 2024 compared to the same period in 2023. We generate these credits from the electricity utilized by our electric car charging stations as a byproduct from our charging services in the states of California and Oregon.
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Cost of Revenues
Cost of revenues primarily consists of electricity reimbursements, revenue share payments to our Property Partner hosts, the cost of charging stations sold, connectivity charges provided by telco and other networks, warranty, repairs and maintenance services, and depreciation of our installed charging stations. Cost of revenues for the nine months ended September 30, 2024 were $62,766 as compared to $68,268 for the nine months ended September 30, 2023, a decrease of $5,502 or 8%. There is a degree of variability in our costs in relationship to our revenues from period to period, primarily due to:
| ● | electricity reimbursements that are unique to those Property Partner host agreements which provide for such reimbursements; | |
| ● | revenue share payments are predicated on the contractual obligation under the property partner agreement and the revenue generated by the applicable chargers; | |
| ● | cost of charging stations sold is predicated on the mix of types of charging stations and parts sold during the period; | |
| ● | network costs are fixed in nature based on the number of chargers connected to the telco network regardless of whether the charger generates revenue; | |
| ● | provisions for excess and obsolete inventory; and | |
| ● | warranty and repairs and maintenance expenses are based on both the number of service cases completed during the period. |
Cost of product sales decreased by $9,544, or 19%, from $49,509 for the nine months ended September 30, 2023 as compared to $39,965 for the nine months ended September 30, 2024. The decrease was primarily due to the decrease in product sales of commercial chargers, DC fast chargers and home residential chargers during the nine months ended September 30, 2024 compared to the same period in 2023.
Cost of charging services-company-owned charging stations (electricity reimbursements) decreased by $272, or 12%, to $1,924 for the nine months ended September 30, 2024 as compared to $2,196 for the nine months ended September 30, 2023. The decrease in 2024 was attributable to the mix of charging stations generating charging service revenues subject to electricity reimbursement.
Host provider fees increased by $3,021, or 48%, to $9,306 during the nine months ended September 30, 2024 as compared to $6,285 during the nine months ended September 30, 2023. This increase was a result of the mix of chargers generating revenue and their corresponding revenue share percentage payments to Property Partner hosts pursuant to their agreements.
Network costs increased by $477 or 36%, to $1,816 during the nine months ended September 30, 2024 as compared to $1,339 during the nine months ended September 30, 2023. The increase was a result of the increase in charging stations on our network and costs incurred related to the upgrading of our network system compared to the same period in 2023.
Warranty and repairs and maintenance costs decreased by $1,044, or 36%, to $1,880 during the nine months ended September 30, 2024 from $2,924 during the nine months ended September 30, 2023. The decrease in 2024 was attributable to significant efforts expended to reduce the backlog in warranty and repairs and maintenance cases in the prior year.
Cost of car-sharing services was $3,302 during the nine months ended September 30, 2024 as compared to $3,162 during the nine months ended September 30, 2023. The decrease was due to a reduction in costs related to vehicles used in this operation during the period.
Depreciation and amortization expense increased by $1,720, or 60%, to $4,573 for the nine months ended September 30, 2024 as compared to $2,853 for the nine months ended September 30, 2023. The increase in depreciation expense was attributable to an increase in the number of EV charging stations and vehicles associated with the ride-share services.
Operating Expenses
Compensation expense decreased by $28,197, or 37%, to $47,770 (consisting of approximately $44,900 of cash compensation and benefits and approximately $2,900 of non-cash compensation) for the nine months ended September 30, 2024. Compensation expense was $75,967 (consisting of approximately $55,400 of cash compensation and benefits and approximately $20,500 of non-cash compensation) for the nine months ended September 30, 2023. The decrease in compensation expense for the nine months ended September 30, 2024 compared to the same period in 2023 was primarily related to decreases in personnel and compensation in executive, marketing, sales and operations departments as a result of cost savings and synergies realized. Also contributing to the decrease was the recording during the nine months ended September 30, 2023 of compensation expense for (1) non-cash stock-based compensation of approximately $5,500 related to the accelerated vesting of equity award grants and additional stock-based compensation associated with the resignation of our former Chief Executive Officer pursuant to the terms of his Executive Chairman and CEO Employment Agreement, dated May 28, 2021 (the “Former CEO Employment Agreement”), as set forth in the Separation and General Release Agreement, dated as of September 20, 2023, between our Company and the former Chief Executive Officer; and (2) non-recurring expenses of approximately $11,500, consisting of the non-recurring payment of approximately $6,100 to our former Chief Executive Officer pursuant to the Former CEO Employment Agreement and non-recurring bonus expense of $6,000 related to the achievement of key performance milestones by our Chief Technology Officer under his employment agreement, dated April 12, 2021. Furthermore, the decrease in compensation expense was partially offset by severance expense of $1,200 recorded during the nine months ended September 30, 2024 associated with the cost reduction plans we initiated during 2024.
General and administrative expenses decreased by $2,684, or 10%, to $23,782 for the nine months ended September 30, 2024 as compared to $26,466 for the nine months ended September 30, 2023. The decrease was primarily attributable to decreases in consulting/other professional services, marketing, software licensing, recruiting and investor/public relations of $2,888 partially offset by increases in accounting/auditing, legal expenditures and bad debt expenses of $1,173. Further, general and administrative expenses decreased due to a decrease in amortization expense of $1,754.
Other operating expenses increased by $2,505, or 18%, to $16,135 for the nine months ended September 30, 2024 from $14,555 for the nine months ended September 30, 2023. The increase was primarily attributable to increases in loss on sale of assets, software licensing and property/use taxes expenses of $3,073 partially offset by decreases in insurance, website, rent, annual meeting, hardware and software development expenditures, travel and vehicle expenditures of $2,318 for nine months ended September 30, 2024 compared to the same period in 2023.
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The Company recorded a loss on change in fair value of consideration payable related to the Envoy acquisition of $2,811 in the 2024 period due to the change in the inputs to the probability-weighted discounted cash flow model. There was no such amount recognized in the 2023 period.
During the nine months ended September 30, 2024, we observed certain triggering events, including a decline in our stock price and, as a result, we conducted a quantitative impairment analysis of our goodwill and intangible assets and determined that the fair value of certain reporting units were less than the carrying amount and, as a result, recorded an impairment charge of $69,111 related to goodwill during the 2024 period. During the nine months ended September 30, 2023, we observed certain triggering events, including a decline in our stock price and, as a result, we conducted a quantitative impairment analysis of our goodwill and intangible assets and determined that the fair value of our reporting units were less than the carrying amount and, as a result, recorded an impairment charge of $89,087 related to goodwill and $5,143 related to intangible assets during the 2023 period.
Other Income (Expense)
We recorded other income of $1,911 during the nine months ended September 30, 2024 as compared to other expense of ($2,105) for the nine months ended September 30, 2023. The increase was primarily due to an increase of $1,043 related to dividend and interest income, and by a decrease in interest expense of $1,898 compared to the 2023 period and a decrease on loss on extinguishment of notes payable of $1,036.
Net Loss
Our net loss for the nine months ended September 30, 2024 decreased by $59,383 or 32%, to $124,621 as compared to $184,004 for the nine months ended September 30, 2023. The decrease was primarily attributable to a decrease in operating expenses, partially offset by an increase in gross profit.
Total Comprehensive Loss
Our total comprehensive loss for the nine months ended September 30, 2024 was $123,659 whereas our total comprehensive loss for the nine months ended September 30, 2023 was $185,387.
Liquidity and Capital Resources
We measure our liquidity in a number of ways, including the following:
| September 30, 2024 | December 31, 2023 | |||||||
| (unaudited) | ||||||||
| Cash and Cash Equivalents | $ | 64,584 | $ | 121,691 | ||||
| Working Capital | $ | 96,596 | $ | 152,033 | ||||
| Debt | $ | 265 | $ | 38,108 | ||||
During the nine months ended September 30, 2024, we financed our activities from proceeds derived from equity financings occurring in prior periods. A significant portion of the funds raised from the sale of capital stock has been used to cover working capital needs and personnel, office expenses and various consulting and professional fees.
For the nine months ended September 30, 2024 and 2023, we used cash of $34,830 and $77,162, respectively, in operations. Our cash use for the nine months ended September 30, 2024 was primarily attributable to our net loss of $124,621, adjusted for net non-cash expenses in the aggregate amount of $89,612, partially offset by $179 of net cash provided by changes in the levels of operating assets and liabilities. Our cash use for the nine months ended September 30, 2023 was primarily attributable to our net loss of $184,004, adjusted for net non-cash expenses in the aggregate amount of $129,253, partially offset by $22,411 of net cash used in changes in the levels of operating assets and liabilities.
During the nine months ended September 30, 2024, net cash used in investing activities was $9,738, of which, $9,577 was used to purchase charging stations and other fixed assets and $161 related to the capitalization of certain engineering costs. During the nine months ended September 30, 2023, net cash used in investing activities was $12,451, of which $7,265 was used to purchase charging stations and other fixed assets, $4,660 was used as cash consideration for Envoy (net of cash acquired) and $526 related to the capitalization of certain engineering costs.
During the nine months ended September 30, 2024, cash used in financing activities was $13,731, of which, $37,881 was used to pay down notes payable, $582 was used to pay down our liability in connection with a finance lease and $338 was used to pay down our liability in connection with internal use software, partially offset by $25,070 provided by offering proceeds related to the sale of common stock. During the nine months ended September 30, 2023, cash provided by financing activities was $120,891, of which, $122,379 was provided by offering proceeds related to the sale of common stock, $835 was provided by the exercise of options and warrants, offset by $2,103 used to pay down our liability in connection with a finance lease and $220 used to pay down our liability in connection with internal use software.
As of September 30, 2024, we had cash and cash equivalents, working capital and an accumulated deficit of $64,584, $96,596 and $662,344, respectively. During the three and nine months ended September 30, 2024, we had a net loss of $87,389 and $124,621 respectively.
In February 2023, the Company completed an underwritten registered public offering of 8,333,333 shares of its common stock at a public offering price of $12.00 per share. The Company received approximately $100,000 in gross proceeds from the public offering and $94,766 in net proceeds after deducting the underwriting discount and offering expenses paid by the Company. The public offering was made pursuant to our automatic shelf registration statement on Form S-3 filed with the SEC on January 6, 2021, and prospectus supplement dated February 8, 2023. Barclays acted as the sole book-running manager for the offering. H.C. Wainwright & Co., Roth Capital Partners and ThinkEquity acted as co-managers for the offering. The underwriters did not exercise the over-allotment granted to them in connection with the offering.
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We have not yet achieved profitability and expect to continue to incur cash outflows from operations Historically, we have been able to raise funds to support our business operations, although there can be no assurance that we will be successful in raising significant additional funds in the future. We expect that our cash on hand will fund our operations for at least 12 months after the issuance date of the financial statements included in this Quarterly Report on Form 10-Q.
Since inception, our operations have primarily been funded through proceeds received in equity and debt financings. We believe we have access to capital resources and continue to evaluate additional financing opportunities. There is no assurance that we will be able to obtain funds on commercially acceptable terms, if at all. There is also no assurance that the amount of funds we might raise will enable us to complete our EV development initiatives or attain profitable operations.
Contractual Obligations and Commitments
We have operating and finance lease obligations over the next five years of approximately $10,385. These operating lease obligations are primarily related to corporate office space, warehousing, and parking spaces related to our car-sharing services.
As of September 30, 2024, the Company had purchase commitments of approximately $2,300 which will become payable upon the suppliers’ service of warranty contracts.
Critical Accounting Estimates
The preparation of financial statements and related disclosures are in conformity with U.S. GAAP. These accounting principles require us to make estimates and judgments that can affect the reported amounts of assets and liabilities as of the date of the financial statements, as well as the reported amounts of revenue and expense during the periods presented. We believe that the estimates and judgments upon which we rely are reasonable based upon information available to us at the time that we make these estimates and judgments. To the extent that there are material differences between these estimates and actual results, our financial results will be affected. The accounting policies that reflect our more significant estimates and judgments and which we believe are the most critical to aid in fully understanding and evaluating our reported financial results are described below.
We consider an accounting estimate to be critical if: (i) the accounting estimate requires us to make assumptions about matters that were highly uncertain at the time the accounting estimate was made, and (ii) changes in the estimate that are reasonably likely to occur from period to period or use of different estimates that we reasonably could have used in the current period, would have a material impact on our financial condition or results of operations.
Management has identified certain critical accounting estimates which are outlined below. In addition, there are other items within our financial statements that require estimation but are not deemed critical, as defined above. Changes in estimates used in these and other items could have a material impact on our financial statements.
Business Combination
We follow the acquisition method of accounting to record identifiable assets acquired and liabilities assumed recognized in connection with acquired businesses at their estimated fair value as of the date of acquisition. Identifiable intangible assets from business combinations are recognized at their estimated fair values as of the date of acquisition and consist of customer relationships, developed technology and trade names. Determination of the estimated fair value of identifiable intangible assets requires judgment. The fair value of intangible assets is estimated using the relief from royalty method for the acquired developed technology and trade names and the multi-period excess earnings method for the acquired customer relationships. The fair value of non-compete agreements is estimated using the discounted cash flow approach. All of these fair value methods are income-based valuation approaches, which require judgment to estimate appropriate discount rates, royalty rates related to the developed technology and trade name intangible assets, revenue growth attributable to the intangible assets and remaining useful lives.
Consideration payable liability is estimated using a Monte Carlo simulation model to determine the probability of achieving certain milestones. In order to perform the fair value calculations the following estimates are considered: probability of a public offering and discount rates. The fair value for consideration payable is reviewed each quarter after the original valuation to determine if revised estimates are necessary.
Long-Lived Assets
Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. We assess the recoverability of its long-lived assets by monitoring current selling prices of car charging units in the open market, the adoption rate of various auto manufacturers in the EV market and projected car charging utilization at various public car charging stations throughout its network in determining fair value. An impairment loss would be recognized when estimated future cash flows expected to result from the use of the asset and its eventual disposition are less than its carrying amount. Fair value is determined using various valuation techniques including discounted cash flow models, quoted market values, and third-party independent appraisals, as necessary.
Goodwill and Intangible Asset Impairment
Goodwill is the excess of consideration paid for an acquired entity over the fair value of the amounts assigned to assets acquired, including other identifiable intangible assets, and liabilities assumed in a business combination. To determine the amount of goodwill resulting from a business combination, the Company performs an assessment to determine the acquisition date fair value of the acquired company’s tangible and identifiable intangible assets and liabilities.
Goodwill is evaluated for impairment on November 1 of each year or whenever events or changes in circumstances indicate the asset may be impaired. An entity has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not that the fair value of a reporting unit is less than its carrying amount. These qualitative factors include: macroeconomic and industry conditions, cost factors, overall financial performance and other relevant entity-specific events. If the entity determines that this threshold is met, then the Company may apply a one-step quantitative test and record the amount of goodwill impairment as the excess of a reporting unit’s carrying amount over its fair value, not to exceed the total amount of goodwill allocated to the reporting unit. 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.
The Company tests goodwill for impairment at the reporting unit level. The Company identifies the Company’s reporting units by assessing whether the components of the Company constitute businesses for which discrete financial information is available and segment management regularly reviews the operating results of those components. The Company’s goodwill is contained in the Legacy Blink reporting unit resulting from the acquisition of SemaConnect and the Mobility reporting unit resulting from the acquisition of Envoy Technologies.
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The Company determines fair value through multiple valuation techniques including discounted cash flow models, quoted market values, and third-party independent appraisals and weighs the results accordingly. The Company is required to make certain subjective and complex judgments in assessing whether an event of impairment of goodwill has occurred, including assumptions and estimates used to determine the fair value of its reporting units. Reporting unit fair value estimates include significant assumptions such as: revenue growth rates, operating margins, estimated royalty rates, company-specific risk premiums used in the weighted-average cost of capital, and certain multiples, which are affected by expectations about future market or economic conditions. The Company performs sensitivity analyses on significant assumptions to evaluate how changes in the estimated fair values of reporting units respond to changes in assumptions, specifically the revenue growth rates and the weighted-average cost of capital.
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.
| ITEM 3. | QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK |
Foreign Currency Risk
We have foreign currency risks related to our revenue and operating expenses denominated in currencies other than the U.S. dollar, primarily the euro, causing both our revenue and our operating results to be impacted by fluctuations in the exchange rates. Gains or losses from the revaluation of certain cash balances, accounts receivable balances and intercompany balances that are denominated in these currencies impact our net loss. A hypothetical decrease in all foreign currencies against the U.S. dollar of 1% would not result in a material foreign currency loss on foreign-denominated balances, as of September 30, 2024. As our foreign operations expand, our results may be more materially impacted by fluctuations in the exchange rates of the currencies in which we do business. At this time, we do not enter into financial instruments to hedge our foreign currency exchange risk.
| ITEM 4. | CONTROLS AND PROCEDURES |
Evaluation of Disclosure Controls and Procedures
As of September 30, 2024, being the end of the period covered by this Quarterly Report, our management conducted an evaluation, under the supervision and with the participation of our chief executive officer and chief financial officer, of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).
Disclosure controls and procedures are designed to provide reasonable assurance that information required to be disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate, to allow for timely decisions regarding required disclosure.
根据该评估，我们的首席执行官和致富金融(临时代码)在2024年9月30日得出结论，我们的披露控制和程序由于我们内部财务报告控制方面的重大弱点，如在2023年12月31日结束的财政年度中公司的10-k表格第9A项中所讨论的内部财务报告管理年度报告中的控制和程序，并不有效。
控制程序的有效性限制
在设计和评估披露控制和程序以及财务报告内部控制时，管理层认识到，无论控制和程序设计和运作得多么良好，都只能提供合理保证，以达到所需的控制目标。此外，披露控制和程序以及财务报告内部控制的设计必须反映资源限制的事实，并要求管理层在评估可能的控制和程序的效益与成本之间进行判断。
财务报告内部控制的变化
在截至2024年9月30日的季度中，管理层持续投入资源以改善在公司截至2023年12月31日的10-K表格中报告的重大缺陷。此外，管理层继续增强其资源，以改善在资讯科技通用控制及其他财务报告内部控制中识别出的缺陷。
除了以上之外，在截至2024年9月30日的季度内，我们的财务报告内部控制没有其他变化，这些变化对我们的财务报告内部控制有重大影响或者可能对我们的财务报告内部控制产生重大影响。
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第二部分 - 其他资讯
| 项目 1. | 法律诉讼。 |
关于我们的法律诉讼描述，请参见本十三份报告第一部分第一项「注8 - 承诺和条款 - 诉讼、争议和和解」。
有关我们与The Farkas Group, Inc.之间的仲裁相关信息，请参阅截至2024年3月31日的第一季度10-Q表格。
| 项目 1A. | 风险因素。 |
除了在我们截至2023年12月31日年度报告第I部分中列出的信息之外，以及在随后期间报告中类似项目下的信息外，在「管理讨论与分析」开头标题为「有关前瞻性资讯的特别注意事项」，以及下面注明的更新，您应该考虑到存在众多各种已知和未知的风险，这些风险可能会阻碍我们实现目标。如果这些风险中有任何一个实际发生，我们的业务、财务状况或营运结果可能会受到重大且不利影响。在这种情况下，我们的普通股交易价格可能会下跌，投资者可能会失去全部或部分投资。这些风险因素可能无法识别出我们面临的所有风险，我们的营运也可能受到我们目前未知或我们目前认为对我们营运不重要的因素的影响。
我们有严重的净亏损历史，并预计将来仍将持续亏损；如果我们无法实现和维持盈利，我们的财务状况可能会受到影响。
我们经历了大量的净亏损，并且预计在可预见的将来将继续出现大量亏损。我们在截至2024年9月30日的季度中拥有大约$的净亏损87 发行人截至2024年9月30日的资金周转量约为$，并且累积亏损约为$97 资本金约为$百万美元，累积亏损约为$百万美元。我们尚未实现盈利。662 我们尚未实现盈利。
如果我们的营业收入增长速度慢于预期，或者如果我们的营业费用高于预期，我们可能无法实现盈利，我们的财务状况可能会受到影响。我们无法保证我们将永远实现盈利运营。即使在将来实现盈利，也可能无法在后续时期维持盈利。我们是否能够实现足够支持运作的现金流水平无法准确预测。我们可能需要借入额外的资金、卖出我们的债务或权益证券，或两者结合，以提供未来运作的资金。这样的额外资金可能无法以商业上合理的条款或根本无法获得。
| 项目 2. | 未注册的股票销售和收益使用 |
None.
| ITEM 3. | DEFAULTS UPON SENIOR SECURITIES |
None.
| ITEM 4. | MINE SAFETY DISCLOSURES. |
Not applicable.
| ITEM 5. | OTHER INFORMATION |
None.
| 27 |
| ITEM 6. | EXHIBITS |
| 参考附录 | 已提交或已提供 | |||||||||
| 附件 编号 |
展品 描述 | 形式 | 附件 | 日期 | 展品 描述 | |||||
| 3.1 | 最近于2017年8月17日修订的公司章程。 | 10-K | 3.1 | 04/17/2018 | ||||||
| 3.2 | 最近于2018年1月29日修改的公司章程。 | 10-K | 3.2 | 04/17/2018 | ||||||
| 3.4 | Series A可转换优先股撤销证书。 | 8-K | 3.1 | 04/07/2022 | ||||||
| 3.5 | Series B优先股撤销证书。 | 8-K | 3.2 | 04/07/2022 | ||||||
| 3.6 | Series C可转换优先股撤销证书。 | 8-K | 3.3 | 04/07/2022 | ||||||
| 3.7 | Series D可转换优先股撤销证书。 | 8-K | 3.4 | 04/07/2022 | ||||||
| 10.1 | 2024年8月27日生效的《blink charging co.与Brendan S.Jones之间的执行顾问就业协议》。 | 8-K | 10.1 | 08/30/2024 | ||||||
| 31.1 | 主要执行官的13a-14(a)或15d-14(a)证书 | X | ||||||||
| 31.2 | 信安金融负责人的13a-14(a)或15d-14(a)证书 | X | ||||||||
| 32.1* | 主要执行官的第1350条证书 | X | ||||||||
| 32.2* | 信安金融负责人的第1350条证书 | X | ||||||||
| 101 | 来自公司截至2024年9月30日季度结束的公司十周报告的以下基本报表，格式为内联XBRL：(i) 2024年9月30日（未经审核）和2023年12月31日的摘要合并资产负债表；(ii) 2024年9月30日、2023年的三个月以及2024年9月30日、2023年的九个月的未经审核摘要合并经营报表；(iii) 2024年9月30日、2023年的三个月以及2024年9月30日、2023年的九个月的未经审核摘要合并综合损益表；(iv) 2024年9月30日的未经审核摘要合并股东权益变动表；(v) 2023年9月30日的未经审核摘要合并股东权益变动表；(vi) 2024年及2023年9月30日的未经审核摘要合并现金流量表；以及(vii) 未经审核摘要合并财务报表附注。 | X | ||||||||
| 104 | 来自公司截至2024年6月30日季度结束的公司十周报告的封面页面，格式为内联XBRL（作为附件101包含）。 | X | ||||||||
| * | 根据SEC发布的333-8238条例，展示文件32.1和32.2正在提供，并且不被视为根据《交易所法》第18条而归档。 |
| 28 |
签名
根据1934年证券交易法的要求，注册人已经适当地委托被授权的签署者代表其签署本报告。
| 日期: 2024年11月12日 | 闪电 充电有限公司。 | |
| 根据: | /s/ Brendan S. Jones | |
| Brendan S. Jones | ||
总统 及首席执行官 (主要 执行官) | ||
| 日期: 2024年11月12日 | 根据: | Michael P. Rama |
| Michael P. Rama | ||
财务长 （财务和会计负责人） |
| 29 |