美國
證券交易委員會 及交易所
華盛頓，D.C. 20549
表單
截至年度季度結束
或
在從_____________到____________的過渡期間
佣金
文件號碼
(根據公司章程所述的註冊人的正確名稱)
（註冊地點或其他管轄區的州份 註冊或組織） |
（聯邦國稅局雇主身分識別號碼） 識別號碼） |
| （總執行辦公室地址） | （郵政編碼） |
申報人的電話號碼，包括區號：
(如有更改，請填寫更改前的名稱、地址和財政年度)
根據該法案第12(b)條紀錄的證券：
| 每個類別的標題 | 交易標誌 | 注冊在每個交易所的名稱 | ||
| 這 |
請勾選以下選項，以指示公司是否：（1）已在過去12個月內（或對於公司被要求提交此類報告的較短期間）提交了《證券交易法》第13條或第15(d)條所要求提交的所有報告；以及（2）在過去90天內是否需要遵守此等提交要求。
標示
勾選該項，表示申報人於過去12個月（或更短期間，申報人必須申報此類檔案的期間）內已按照法規S-t第405條（本章節第232.405條）要求遞交每一個互動式資料檔案。
標示： 請勾選該註冊者是否為大型加速遞交者、加速遞交者、非加速遞交者、較小的報告公司或新興成長公司。請參閱交易所法案第1202條中「大型加速文件提交者」、「加速文件提交者」、「較小的報告公司」和「新興成長公司」的定義。
| 大型及加速提交者 | ☐ | ☒ | |
| 非加速提交者 | ☐ | 較小的報告公司 | |
| 新興成長型公司 |
若屬新興成長公司，則請在適用於依據第13(a)款擬定的任何新或修訂財務會計準則時，打勾表示註冊人已選擇不使用過度過渡期遵守該準則。 ☐
請選上勾號，表示申報人是否屬於外殼公司（定義於法案第1202條規定中）。是 ☐ 否
截至2024年11月8日，登記人持有 截至2024年7月30日，申報人持有184,769,862股普通股。
blink charging co.
表格 10-Q
截至2024年9月30日季度結束
目錄
第一部分 - 財務信息
| 項目 1. | 基本報表。 |
blink charging co.
未經查核的 合併資產負債表
(以千為單位，股份數除外)
| 九月三十日 | 十二月三十一日 | |||||||
| 2024 | 2023 | |||||||
| 資產 | ||||||||
| 流動資產： | ||||||||
| 現金及現金等值 | $ | $ | ||||||
| 應收帳款淨額 | ||||||||
| 庫存，淨值 | ||||||||
| 預付費用及其他流動資產 | ||||||||
| 流動資產總額 | ||||||||
| 限制現金 | ||||||||
| 物業及設備，淨值 | ||||||||
| 營運租賃使用權資產 | ||||||||
| 無形資產淨值 | ||||||||
| 善良 | ||||||||
| 其他資產 | ||||||||
| 總資產 | $ | $ | ||||||
| 負債及股東權益 | ||||||||
| 流動負債： | ||||||||
| 應付帳款 | $ | $ | ||||||
| 累計費用及其他流動負債 | ||||||||
| 應付的現行部分 | ||||||||
| 營運租賃負債的流動部分 | ||||||||
| 融資租賃負債的流動部分 | ||||||||
| 延期收入的當前部分 | ||||||||
| 流動負債總額 | ||||||||
| 應付的代價，非流動部分 | ||||||||
| 營運租賃負債，非流動部分 | ||||||||
| 融資租賃負債，非流動部分 | ||||||||
| 其他負債 | ||||||||
| 延期收入，非流動部分 | ||||||||
| 負債總額 | ||||||||
| 承諾及應急事項 (註 9) | ||||||||
| 股東權益： | ||||||||
| 普通股票，$ 額定值， 授權的股份， 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別發行及未償還的股份 | ||||||||
| 額外支付資本 | ||||||||
| 累積其他綜合損失 | ( | ) | ( | ) | ||||
| 累計赤字 | ( | ) | ( | ) | ||||
| 股東權益總數 | ||||||||
| 負債總額及股東權益 | $ | $ | ||||||
附帶附註是這些未經審核的簡明合併財務報表中不可或缺的一部分。
| 1 |
blink charging co.
未經審計的 簡明綜合損益表
(以千為單位，除了股份和每股金額)
| 為結束的三個月 | 為結束的九個月 | |||||||||||||||
| 九月三十日 | 九月三十日 | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| 收入： | ||||||||||||||||
| 產品銷售 | $ | $ | $ | $ | ||||||||||||
| 充電服務收入-公司擁有的充電站 | ||||||||||||||||
| 網絡費用 | ||||||||||||||||
| 保固 | ||||||||||||||||
| 撥款和回贈 | ||||||||||||||||
| 汽車共享服務 | ||||||||||||||||
| 其他 | ||||||||||||||||
| 總收入 | ||||||||||||||||
| 收入成本： | ||||||||||||||||
| 產品銷售成本 | ||||||||||||||||
| 充電服務費用-公司擁有的充電站 | ||||||||||||||||
| 主機提供商費用 | ||||||||||||||||
| 網絡成本 | ||||||||||||||||
| 保修和維修和維護 | ||||||||||||||||
| 汽車共享服務 | ||||||||||||||||
| 折舊和攤銷 | ||||||||||||||||
| 總收入成本 | ||||||||||||||||
| 毛利 | ||||||||||||||||
| 營運費用： | ||||||||||||||||
| 賠償 | ||||||||||||||||
| 一般及行政費用 | ||||||||||||||||
| 其他營運費用 | ||||||||||||||||
| 應付之代價公平價值變動 | ||||||||||||||||
| 無形資產的減值 | ||||||||||||||||
| 商譽的減值 | ||||||||||||||||
| 營運開支總額 | ||||||||||||||||
| 營運損失 | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||
| 其他收入（費用）： | ||||||||||||||||
| 利息支出 | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||
| 應付票據消除所產生的收益（虧損） | ( | ) | ( | ) | ||||||||||||
| 衍生工具及其他累計負債的公平價值變動 | ( | ) | ||||||||||||||
| 其他費用 | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||
| 股息及利息收入 | ||||||||||||||||
| 其他收入總額（費用） | ( | ) | ( | ) | ||||||||||||
| 所得稅前損失 | $ | ( | ) | $ | ( | ) | $ | ( | ) | $ | ( | ) | ||||
| 所得稅的福利（補助） | ( | ) | ( | ) | ( | ) | ||||||||||
| 淨虧損 | $ | ( | ) | $ | ( | ) | $ | ( | ) | $ | ( | ) | ||||
| 每股淨虧損： | ||||||||||||||||
| 基本 | $ | ( | ) | $ | ( | ) | $ | ( | ) | $ | ( | ) | ||||
| 稀釋 | $ | ( | ) | $ | ( | ) | $ | ( | ) | $ | ( | ) | ||||
| 加權平均數 | ||||||||||||||||
| 未償還的普通股： | ||||||||||||||||
| 基本 | ||||||||||||||||
| 稀釋 | ||||||||||||||||
附帶附註是這些未經審核的簡明合併財務報表中不可或缺的一部分。
| 2 |
blink charging co.
未經查核的 綜合損益簡明綜合報表
(以 千為單位)
| 截至三個月結束 | 截至九個月結束時 | |||||||||||||||
| 九月三十日， | 九月三十日， | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| 淨虧損 | $ | ( | ) | $ | ( | ) | $ | ( | ) | $ | ( | ) | ||||
| 其他綜合損益： | ||||||||||||||||
| 累計翻譯調整 | ( | ) | ( | ) | ||||||||||||
| 綜合虧損總額 | $ | ( | ) | $ | ( | ) | $ | ( | ) | $ | ( | ) | ||||
隨附註釋為這些未經審計的縮短綜合財務報表的一個重要組成部分。
| 3 |
blink charging co.
未經審計 股東權益變動表彙總資料
截至2024年9月30日的三個月和九個月
(以千為單位，股份數除外)
| 累積 | ||||||||||||||||||||||||
| 額外 | 其他 | 總計 | ||||||||||||||||||||||
| 普通股票 | 資本剩餘 | 綜合 | 累積 | 股東權益 | ||||||||||||||||||||
| 股票 | 金額 | 資本 | 損失 | 虧損 | 股權 | |||||||||||||||||||
| 賬戶餘額-2024年1月1日 | $ | $ | $ | ( | ) | $ | ( | ) | $ | |||||||||||||||
| 扣除發行成本後的公開發行常股 [1] | ||||||||||||||||||||||||
| 基於股票的補償 | ||||||||||||||||||||||||
| 其他全面損失 | - | ( | ) | ( | ) | |||||||||||||||||||
| 淨虧損 | - | ( | ) | ( | ) | |||||||||||||||||||
| Balance - March 31, 2024 | $ | $ | $ | ( | ) | $ | ( | ) | $ | |||||||||||||||
| 基於股票的補償 | ||||||||||||||||||||||||
| 普通股票發行，淨額 | ||||||||||||||||||||||||
| 其他全面損失 | - | ( | ) | ( | ) | |||||||||||||||||||
| 淨虧損 | - | ( | ) | ( | ) | |||||||||||||||||||
| 2024年6月30日的賬目 | $ | $ | $ | ( | ) | $ | ( | ) | $ | |||||||||||||||
| 基於股票的補償 | ||||||||||||||||||||||||
| 其他全面損失 | - | |||||||||||||||||||||||
| 淨虧損 | - | ( | ) | ( | ) | |||||||||||||||||||
| 截至2024年9月30日的結餘 | $ | $ | $ | ( | ) | $ | ( | ) | $ | |||||||||||||||
| [1] |
隨附註釋為這些未經審計的縮短綜合財務報表的一個重要組成部分。
| 4 |
blink charging co.
未經審計 股東權益變動表彙總資料
截至2023年9月30日止三個月和九個月
(以上) 數千，除股份金額外）
| 累積 | ||||||||||||||||||||||||
| 額外 | 其他 | 總計 | ||||||||||||||||||||||
| 普通股票 | 資本剩餘 | 綜合 | 累積 | 股東權益 | ||||||||||||||||||||
| 股票 | 金額 | 資本 | 損失 | 虧損 | 股權 | |||||||||||||||||||
| $ | $ | $ | $ | ( | ) | $ | ( | ) | $ | | ||||||||||||||
| 扣除發行成本後的公開發行常股 [1] | ||||||||||||||||||||||||
| 由行使warrants而發行的普通股 | ||||||||||||||||||||||||
| - | ||||||||||||||||||||||||
| 基於股票的補償 | ||||||||||||||||||||||||
| 其他全面損失 | - | ( | ) | ( | ) | |||||||||||||||||||
| 淨虧損 | - | ( | ) | ( | ) | |||||||||||||||||||
| Balance - March 31, 2023 | $ | $ | $ | ( | ) | $ | ( | ) | $ | |||||||||||||||
| 基於股份的報酬 | ||||||||||||||||||||||||
| 公開發行後發行的普通股，扣除發行成本 [2] | ||||||||||||||||||||||||
| 普通股負債重新分類為股本 | ||||||||||||||||||||||||
| 支付期權和warrants進行無現金行使後發行的普通股 | ||||||||||||||||||||||||
| 其他綜合收益 | - | |||||||||||||||||||||||
| 淨損失 | - | ( | ) | ( | ) | |||||||||||||||||||
| Balance - June 30, 2023 | $ | $ | $ | ( | ) | $ | ( | ) | $ | |||||||||||||||
| 公開發行後發行的普通股，扣除發行成本淨額 [3] | ||||||||||||||||||||||||
| 放棄和取消普通股 | ( | ) | ( | ) | ( | ) | ||||||||||||||||||
| 基於股票的薪酬 | ||||||||||||||||||||||||
| 發行普通股以清償應付票據 | ||||||||||||||||||||||||
| - | ||||||||||||||||||||||||
| 發行普通股以滿足應付股份 | ||||||||||||||||||||||||
| 其他綜合損失 | - | ( | ) | ( | ) | |||||||||||||||||||
| 淨虧損 | - | ( | ) | ( | ) | |||||||||||||||||||
| 賬目餘額 - 2023年9月30日 | $ | $ | $ | ( | ) | $ | ( | ) | $ | |||||||||||||||
| [1] |
| [2] |
| [3] |
隨附註釋為這些未經審計的縮短綜合財務報表的一個重要組成部分。
| 5 |
blink charging co.
未經查核 縮表合併現金流量表
(以 千為單位)
| 截至九個月結束 | ||||||||
| 九月三十日， | ||||||||
| 2024 | 2023 | |||||||
| 營運活動之現金流量： | ||||||||
| 淨虧損 | $ | ( | ) | $ | ( | ) | ||
| 調整為使淨虧損轉化為經營活動所使用現金： | ||||||||
| 折舊和攤銷 | ||||||||
| 非現金租賃費用 | ||||||||
| 條件性考慮變動的公允價值 | ||||||||
| 固定資產處置損益 | ( | ) | ||||||
| 衍生金融工具及其他應計負債公允價值變動 | ||||||||
| 應付代價公允價值變動 | ||||||||
| 慢動和淘汰庫存的提存 | ||||||||
| 信用損失準備 | ||||||||
| 清償應付票據的(利得)虧損 | ( | ) | ||||||
| 商譽減損損失 | ||||||||
| 無形資產減損 | ||||||||
| 基於股票的補償 | ||||||||
| 營運資產和負債的變化： | ||||||||
| 應收帳款 | ( | ) | ( | ) | ||||
| 存貨 | ( | ) | ( | ) | ||||
| 預付費用及其他流動資產 | ( | ) | ||||||
| 其他資產 | ||||||||
| 應付帳款和應計費用 | ( | ) | ||||||
| 其他負債 | ( | ) | ||||||
| 租賃負債 | ( | ) | ( | ) | ||||
| 递延收入 | ||||||||
| 調整總額 | ||||||||
| 經營活動所使用的淨現金 | ( | ) | ( | ) | ||||
| 投資活動現金流量： | ||||||||
| Envoy的購買考慮金額，扣除取得之現金 | ( | ) | ||||||
| 工程成本的資本化 | ( | ) | ( | ) | ||||
| 購買不動產和設備 | ( | ) | ( | ) | ||||
| 投資活動所使用的淨現金 | ( | ) | ( | ) | ||||
| 來自融資活動的現金流量： | ||||||||
| 公開發行普通股後的凈售股款 [1] | ||||||||
| 應付票據的還款 | ( | ) | ||||||
| 行使期權和warrants而產生的收益 | ||||||||
| 與融資租賃有關的融資負債還款 | ( | ) | ( | ) | ||||
| 與內部使用軟件有關的融資負債支付 | ( | ) | ( | ) | ||||
| 融資活動中提供的凈現金 | ( | ) | ||||||
| 匯率變動對現金及現金等價物的影響 | ( | ) | ||||||
| 現金及現金等價物和受限現金的減少或增加 | ( | ) | ||||||
| 現金及現金等價物和受限現金 - 期初 | ||||||||
| 現金及現金等價物和限制現金-期末 | $ | $ | ||||||
| 現金及現金等價物和限制現金包括以下: | ||||||||
| 現金及現金等價物 | $ | $ | ||||||
| 受限現金 | ||||||||
| $ | $ | |||||||
| [1] |
隨附註釋為這些未經審計的縮短綜合財務報表的一個重要組成部分。
| 6 |
BLINK CHARGING CO.
Unaudited Condensed Consolidated Statements of Cash Flows — Continued
(in thousands)
| 截至九個月結束 | ||||||||
| 九月三十日， | ||||||||
| 2024 | 2023 | |||||||
| 增補現金流量資訊： | ||||||||
| 期間內支付的現金： | ||||||||
| 利息 | $ | $ | ||||||
| 所得稅 | $ | $ | ||||||
| 非現金投資和融資活動： | ||||||||
| 以發行普通股以清償應計權益 | $ | $ | ||||||
| 普通股的投降和取消 | $ | $ | ( | ) | ||||
| 作為租賃負債交換而獲得的使用權資產 | $ | $ | ||||||
| 為融資租賃責任而取得的資產和設備 | $ | $ | ||||||
| 為融資負債而取得的無形資產 | $ | $ | ||||||
| 應用於Envoy購買考慮的應收票據 | $ | $ | ( | ) | ||||
| 普通股票發行，淨額 | $ | $ | ||||||
| 將存貨轉移到資產和設備 | $ | $ | ||||||
隨附註釋為這些未經審計的縮短綜合財務報表的一個重要組成部分。
| 7 |
BLINK CHARGING CO.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(in thousands except for share and per share amounts)
1. BUSINESS ORGANIZATION, NATURE OF OPERATIONS, BASIS OF PRESENTATION AND RISKS AND UNCERTAINTIES
Organization and Operations
Blink Charging Co., through its wholly-owned subsidiaries (collectively, the “Company” or “Blink”), is a leading manufacturer, owner, operator and provider of electric vehicle (“EV”) charging equipment and networked EV charging services in the rapidly growing U.S. and international markets for EVs. Blink offers residential and commercial EV charging equipment and services, enabling EV drivers to recharge at various location types. Blink’s principal line of products and services is its nationwide Blink EV charging networks (the “Blink Networks”) and Blink EV charging equipment, also known as electric vehicle supply equipment (“EVSE”), and other EV-related services. The Blink Networks is a proprietary, cloud-based system that operates, maintains and manages Blink charging stations and handles the associated charging data, back-end operations and payment processing. The Blink Networks provide property owners, managers, parking companies, state and municipal entities, and other types of commercial customers (“Property Partners”) with cloud-based services that enable the remote monitoring and management of EV charging stations. The Blink Networks also provide EV drivers with vital station information, including station location, availability and fees. Blink also operates an EV based ride-sharing business through its wholly-owned subsidiary, Envoy Mobility, Inc.
Basis of Presentation
隨附的未經審核的簡明合併基本報表已按照美國普遍公認會計準則（“U.S. GAAP”）編製，適用於中期財務信息，並遵循Form 10-Q和Regulation S-X的第8條規定。因此，它們不包括所有基本報表所需的所有信息和披露。在管理層的意見中，這些報表包含了為使公司截至2024年9月30日的簡明合併基本報表公正呈現所需的所有調整（僅包括正常週期性項目）。截至2024年9月30日結束的三個和九個月的營運結果不一定代表截至2024年12月31日結束的整個財政年度或任何其他時期的營運結果。應該閱讀這些未經審核的簡明合併基本報表，並與公司截至2023年12月31日和當年結束時的經審核合併基本報表及相關披露一起閱讀，該報表已於2024年3月18日提交給證券交易委員會（“SEC”）作為公司年度報告Form 10-k（“年度報告”）的一部分。
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blink charging co.
附註 至未經審核之簡明合併基本財務報表
(按千計，除分享和每股金額外)
2. 重要會計政策摘要
自2023年12月31日止年度的年度報告以來，公司重要的會計政策並無實質更改，除非在本附註中另有披露。
流動性
截至2024年9月30日，公司擁有現金及現金等價物$
截至2024年9月30日止九個月，公司按市場價格出售了整個的 普通股股份，在「市價持平」股票發行計劃下，總毛利為$
本公司尚未盈利並預計繼續從業務運營中產生現金流出。該公司在歷史上一直能夠籌集資金支持其業務運營，儘管未必能夠確保未來能成功籌集相當額外的資金。本公司預期手頭現金足以資助其業務運營，至少在這些基本報表的發行日期後的12個月內。
自成立以來，公司的運營主要是通過股本和債務融資所獲得的款項。公司相信自己能夠獲得資本資源並繼續評估其他融資機會。無法保證公司能夠按商業可接受的條件獲得資金，如果能夠的話。也無法保證公司可能籌集的資金金額將足以完成其發展項目或實現盈利運作。
公司的營運需求包括營運業務的計劃成本，包括運營工作資本和資本支出所需的金額。公司未來的資本需求及其可用資金的充足性將取決於許多因素，包括公司成功將其產品和服務商業化的能力、競爭性技術和市場發展以及需要與其他公司合作或收購其他公司或技術以增強或補充其產品和服務提供。公司正在執行旨在通過增加營業收入獲得經濟效益、通過產品優化增加毛利潤、并購進行整合以及通過成本避免和成本削減策略來降低營運費用的計劃，以提高公司的流動性。不能保證這些策略將實現。
庫存
截至2024年9月30日，公司庫存包括 $
外國 貨幣翻譯
交易損失歸因於匯率期貨的影響。 $
資產 待售
公司最初對分類為待售資產的資產進行計量，其計量金額或公允價值減去出售 成本的較低者。公司在每個報告期評估待售資產的公允價值減去出售成本，並將任何隨後的變動報告為資產計量金額 的調整。在資產被分類為待售期間，不對其進行折舊或攤銷。
辦公室 空間
2024年第一季，公司開始計劃賣出其在邁阿密海灘約
Underperforming Subsidiary
During
the first quarter of 2024, the Company’s Board of Directors approved a plan for the sale of underperforming assets of a subsidiary.
On April 30, 2024, the Company entered into an agreement to sell installed and inventory charging units and the associated agreements
with existing customers, hosts, and drivers. This transaction was completed and funded on July 3, 2024. As a result, the Company recorded
a loss of $
| 9 |
BLINK CHARGING CO.
附註 至未經審核之簡明合併基本財務報表
(按千計，除分享和每股金額外)
2. 重大會計政策摘要 - 繼續
營業收入 收入確認
公司主要從以下途徑認識營業收入：
| ● | 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 $
| 10 |
BLINK CHARGING CO.
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(in thousands except for share and per share amounts)
2. 重要會計政策摘要 - 繼續
營業收入 持續認列
補貼、回扣和另類燃料積分不在ASC 606的範圍內，涉及的營業收入和定期費用在相關的營業收入和/或定期費用記錄時確認為收入。與電動車充电桩和其安裝相關的補貼和回扣被延遲和以一致的方式攤銷，與相關資產的折舊費用相關，這些資產的壽命期間在充電樁的有用壽命內。在2024年和2023年9月30日終了的三個月內，公司分別認識了營業收入$
共享汽車服務屬於ASC 842主題，即租賃，涉及與洛杉磯市簽訂的共享汽車服務協議相關的收入和費用，該協議允許顧客通過訂閱服務租用新能源車。公司將此類租賃列為營運租賃。租賃條款包含在公司的合同中，確定公司的合同是否包含租賃通常不需要做出重大的假設或判斷。公司的租賃收入不包括大量的變量支付。公司不提供租賃人在租約期末購買所租設備的選擇。
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.
| 截至三個月和九個月結束時 | ||||||||
| 九月三十日， | ||||||||
| 2024 | 2023 | |||||||
| 認股權證 | ||||||||
| 限制性股票單位 | ||||||||
| 選擇權 | ||||||||
| 可能增加股份總數 | ||||||||
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.
| 11 |
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.
對於涉及的每個報告單位的公允價值估計涉及使用某些主觀性假設對未來現金流的折現進行投影，包括與歷史和市場增長率以及毛利率改善相關的假設，以及未來的營運費用協同效應和優化，以及其他因素。根據其分析，公司確定截至2024年9月30日，某些報告單位的帳面價值超過了估計的公平值。因此，公司在營運綜合表中於2024年9月30日結束的三個月和九個月內確認了一筆商譽減損費用為$
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日期初餘額 | $ | |||
| 償還Semaconnect票據 | ( | ) | ||
| 償還Envoy票據 | ( | ) | ||
| 考慮支付金額公平價值變動 | ||||
| 2024年9月30日期末余额 | $ |
See Note 8 – Fair Value Measurement for additional information.
| 12 |
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
公司於2024年9月30日結束的三個月和九個月內，承認了與普通股、期權和認股權證相關的股份報酬費用，金額為$ 和$ 相應地，在2023年9月30日結束的三個月和九個月內，公司承認了與普通股、期權和認股權證相關的股份報酬費用，金額分別為$ 和$，分別包含在簡明合併營運報表的報酬費用中。截至2024年9月30日，未確認的股份報酬費用為$ ，將在加權平均剩餘彌畢期間內承認。 年
在2024年9月30日結束的九個月內，公司總共授予了 股限制股票，總授予日期公平價值為$ 將按比例認列於解凍期之間。限制股票解凍日期從在綜合損益表的薪酬費用中。
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，公司沒有未開始的額外營運和融資租賃。截至2024年9月30日，公司擁有尚未開始的融資租賃資產$
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日的年終 | 營運租賃 | 融資租賃 | ||||||
| 2024 | $ | $ | ||||||
| 2025 | ||||||||
| 2026 | ||||||||
| 2027 | ||||||||
| 2028 | ||||||||
| 此後 | ||||||||
| 未來最低租金支付總額 | ||||||||
| 減：隱含利息 | ( | ) | ( | ) | ||||
| 總計 | $ | $ | ||||||
| 14 |
blink charging co.
附註 至未經審核之簡明合併基本財務報表
(按千計，除分享和每股金額外)
8. 公允價值衡量
在估值第3級負債時所使用的假設如下所述:
| 截至三個月結束 | 截至九個月結束時 | |||||||||||||||
| 九月三十日， | 九月三十日， | |||||||||||||||
| 2024 | 2023 | 2024 | 2023 | |||||||||||||
| 無風險利率 | % | % | % | % | ||||||||||||
| 合約期限（年） | ||||||||||||||||
| 預期波動率 | % | % | % | % | ||||||||||||
| 1.28 | % | % | % | % | ||||||||||||
以下表格概述了定期衡量的具有重大變動的Level 3認股權和應付考慮負債的公平價值變動：
| 2024 | ||||
| 應付款項 | ||||
| 截至1月1日的期初餘額， | $ | |||
| 考慮支付金額公平價值變動 | ||||
| 截至9月30日的期末餘額， | $ | |||
| 認股權負債 | ||||
| 1月1日的期初餘額， | $ | |||
| 公允價值調整權證負債 | ( | ) | ||
| 9月30日的期末餘額， | $ | |||
常見股票代付款記錄於2024年9月30日及2023年12月31日的公允價值為$。
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 | ||||||||||||||||
| 一級 | 二級 | 三級 | 總計 | |||||||||||||
| 資產： | ||||||||||||||||
| 替代燃料信貸 | $ | $ | $ | $ | ||||||||||||
| 資產總額 | $ | $ | $ | $ | ||||||||||||
| 負債： | ||||||||||||||||
| 選擇權負債 | $ | $ | $ | $ | ||||||||||||
| 認股權負債 | ||||||||||||||||
| 普通股負債 | ||||||||||||||||
| 應付普通股對價 | ||||||||||||||||
| 總負債 | $ | $ | $ | $ | ||||||||||||
| 15 |
blink charging co.
附註 至未經審核之簡明合併基本財務報表
(按千計，除分享和每股金額外)
9. 承諾事項與可能負擔之事項
採購承諾
截至2024年9月30日，公司
已有約$的採購承諾。
訴訟、 爭議和和解
公司可能會面臨訴訟、調查、知識產權事項、索賠和訴訟案件，其中包括但不限於與供應商和客戶的合同爭議以及與就業、健康和安全事項相關的責任，這些可能在業務一般運作過程中出現。公司為可能性高且能夠合理估計的損失作出賠償。損失的不確定性很大，因此，確定損失的可能性和/或任何損失的計量可能是複雜的且可能會變化。
本公司相信，截至2024年9月30日，已對任何此類訴訟、調查、索賠和訴訟作適當的提列，並且本公司認為未出現溢出已在簡明綜合財務報表中承認的金額的重大損失是合理不可能發生的。鑑於訴訟的固有不確定性，無法確定地預測本文所述進行中事項的最終結果。雖然訴訟具有不可預測性，但本公司認為在目前對其進行中的法律事務方面具有有效辯護。然而，對於管理人員目前未知的未來事件或情況，可能會對本公司在任何未來報告期間的財務狀況、流動性或營運成果產生重大影響。
於2020年8月，一宗聲稱的證券集體訴訟案件，名為Bush v. blink charging co等，案號20-cv-23527，在美國佛羅里達南部地方法院對該公司、Michael Farkas（blink的前董事會主席兼首席執行官）和Michael Rama（blink的財務長）（以下簡稱“Bush 訴訟”）提起訴訟。2020年9月，另一宗聲稱的證券集體訴訟案件，名為Vittoria v. blink charging co等，案號20-cv-23643，在美國佛羅里達南部地方法院對相同被告提起訴訟，旨在追回相同的被指控損害。在將兩宗訴訟合併並由法庭指定Tianyou Wu、Alexander Yu和H. Marc Joseph擔任共同首席原告後，共同首席原告於2021年2月提出修訂訴訟。修訂訴訟除其他事項外，指控被告對於blink網路的規模和功能性做出虛假或誤導性陳述，並根據1934年證券交易法第10(b)和20(a)條款提出訴訟。2021年4月，blink和其他被告提交了一項駁回修訂訴訟的動議。2023年11月，法庭駁回了共同首席原告關於blink充電網路規模的主張，並否決了其餘的駁回動議。經過2024年4月的調解，各方同意達成和解條款，被告同意支付3,750美元（包括律師費和行政成本）以換取對所有主張的終局駁回。2024年10月21日，法院召開了最終和解聽證會，批准了和解，將Bush訴訟結案並終局駁回，並結案。該和解金額已由公司董事和高級主管保險政策支付。
2020年9月，一位股東代表訴訟案件Klein（代表blink charging co.）v. Farkas等人，案號20-19815CA01，在邁阿密代表郡巡迴法院提出，以追究公司對blink的董事會和Michael Rama 的權利。Blink 被指名為名義被告。Klein 訴訟主張董事被告導致 Blink 就在證券集體訴訟中提出的聲明，公司因此費用增加，捍衛Bush 訴訟及其他未指明的調查。Klein 訴訟主張對董事被告違反盡忠職守和公司濫用行為提出索賠，對所有被告提出不公正豐厚索賠。Klein 在他的控訴中沒有量化所述損害，但他尋求作為公司遭受到的被告所述盡忠職守違反的損害、公司治理變革、歸還、以及從被告那裡及律師費用及其他訴訟費用中追回利潤。2020年12月，另一位股東代表訴訟案件Bhatia（代表blink charging co.）v. Farkas等人，案號20-27632CA01，在邁阿密代表郡巡迴法院對同一位 Klein 訴訟中的被告提起訴訟，並主張類似的索賠，以及與公司提名、任命和聘請少數族裔和女性及公司決定保留外部審計師有關的其他索賠（Bhatia 訴訟）。2022年6月，法院將 Klein 和 Bhatia 的行動合併為以 In re Blink Charging Company 股東代表訴訟為標題的主案號2020-019815-CA-01。該訴訟仍然中止。公司完全否認指控。公司已經聘請法律顧問積極捍衛該訴訟。截至2024年9月30日，公司尚未記錄與此事相關的應計費用，因為公司確定任何此類損失可能性都不大或無法估計。
2022年2月，一宗股東代理訴訟案，名為McCauley（代表Blink Charging Co.提起），原告為Farkas等人，案號為A-22-847894-C，在內華達州克拉克縣提出，旨在代表公司追討對Blink的董事會和Michael Rama的索賠（“McCauley訴訟”）。Blink被列為名義被告。 McCauley訴訟主張相似的要求並尋求與Klein訴訟相似的賠償。該訴訟仍然處於留置狀態。公司完全否認這些指控。公司已聘請法律顧問積極捍衛此訴訟。截至2024年9月30日，公司未記錄與此事相關的賠償準備金，因為公司認定任何此類損失應應或不能估計。
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| 項目 2. | 管理層討論及分析財務控制項和營運成果 |
關於前瞻性資訊的特別提示
應該閱讀與我們的基本報表和包含在此《季度報告》表格10-Q中其他地方的基本報表附註一起，于2024年9月30日和2024年9月30日結束的三個和九個月的營運和財務狀況的討論和分析，以及參閱Blink Charging Co.（連同其子公司，“Blink”或“公司”）的2023年12月31日年報表格10-k中的第1部分，項目1A下裡設定的風險因素，以及本《季度報告》中其他地方討論的類似項目，特別是在第II部分的項目IA - 風險因素。在本管理的財務狀況和營運結果中對“我們”，“我們”，“我們的”等類似術語的參考指向Blink。本《季度報告》包含根據聯邦證券法定義的前瞻性陳述。本《季度報告》中包含的前瞻性陳述所描述的事件可能不會發生。一般來說，這些陳述涉及業務計劃或策略，計劃或預期的利益或其他後果，我們計劃或策略的預期收購的預期利益，或涉及預期收入、收益或營運結果其他方面的預測。“可能”，“將”，“期望”，“相信”，“預期”，“計劃”，“打算”，“估計”，“和“繼續”，及其相反和類似表達，旨在識別前瞻性陳述。我們提醒您，這些陳述並不保證未來的表現或事件，並且受到多種我們控制範圍之外的不確定性，風險和其他影響力的影響，這些不確定性，風險和其他影響力可能影響陳述的準確性。可能影響我們結果的因素包括但不限於在公司年報表格10-k上設定的風險因素下設定的風險和不確定性，該年結束於2023年12月31日，和後續定期報告中的類似項目，如本《季度報告》中其他地方討論的那樣。
這些不確定性、風險和其他影響中的任何一項或多項，都可能實質影響我們的營運結果，以及我們所提出的前瞻性聲明最終是否準確。我們的實際結果、表現和成就可能與這些前瞻性聲明中所表達或暗示的不同。除非根據聯邦證券法的規定，否則我們不承諾公開更新或修訂任何前瞻性聲明，無論是來自新資訊、未來事件或其他原因。
美金以千元為單位報告，股份及每股金額除外。
概觀
我們是美國和國際市場上不斷增長的電動汽車（EV）充電設備和網絡EV充電服務的領先製造商、擁有者、運營商和服務商。Blink提供住宅和商業EV充電設備和服務，讓EV驅動員可以在各種不同類型的位置充電。Blink的主要產品和服務是其Blink EV充電網絡（“Blink網絡”）和Blink EV充電設備，也被稱為電動汽車供應設備（“EVSE”）和其他與EV相關的服務。Blink網絡是一個專有的基於雲的系統，運營、維護和管理Blink充電站，處理相關的充電數據、後端運營和付款處理。Blink網絡為物業所有者、管理者、停車公司、州政府和市政實體以及其他類型的商業客戶（“物業合作夥伴”）提供基於雲的服務，使他們能夠遠程監控和管理EV充電站。Blink網絡還為EV驅動員提供重要的站點信息，包括站點位置、可用性和費用。
為了從為商業客戶提供充電桩設備中獲得更多收入，並幫助區隔Blink在充電桩製造行業中的地位，Blink為物業合作夥伴提供廣泛的充電桩設備和服務解決方案，通常分為以下一種業務模式，這些模式區分於誰擁有設備以及誰承擔安裝、設備和維護成本，以及分享收入的百分比。
| ● | 在 我們的 Blink 擁有的整廠包 業務模式，我們承擔充電設備和安裝成本。我們擁有和操作電動汽車 充電站並提供充電站與 Blink 網絡的連接。在這個模式中，它有利於經常性收入， 我們承擔大部分與電動車充電站相關的成本；因此，我們在扣除後大部分保留所有電動汽車充電收入 網絡連接和處理費用。我們與物業合作夥伴的協議通常持續七年，延長期為： 可以將期限延長到 21 年。 | |
| ● | 在 我們的 Blink 自有的混合動力 業務模式，我們承擔充電設備費用，而物業合作夥伴承擔安裝 成本。我們擁有並經營電動車充電站，並提供與 Blink 網絡的連接。在此模型中，因為屬性 合作夥伴承擔安裝，扣除後，我們將更豐富的部分電動車充電收入與房地產合作夥伴分享 Blink 網絡連接和處理費用。我們與物業合作夥伴的協議持續五年，並可延長可以 將期限延長到 15 年。 | |
| ● | 在 我們的 主機擁有 業務模式，房地產合作夥伴購買、擁有和經營 Blink EV 充電站並承擔 安裝成本。我們通過提供網站建議，與 Blink 網絡的連接，與房地產合作夥伴合作， 付款處理，以及可選維護服務。在此型號中，物業合作夥伴會保留並保留所有電動車充電 扣除 Blink 網絡連接和處理費用後的收入。 | |
| ● | 在 我們的 閃爍即服務 型號，我們擁有和操作電動車充電站，而物業合作夥伴負責安裝 成本。房地產合作夥伴為我們支付固定的每月服務費用，並扣除 Blink 後保留所有電動車充電收入 網絡連接和處理費用。通常，我們與物業所有者的協議通常持續五年。 |
我們也擁有並運營一個全資子公司Envoy Mobility, Inc.通過這個計畫，顧客可以透過訂閱服務共享新能源車，並在我們的充電站為這些汽車充電。
為了通過全球範圍內建立和管理充電桩基礎設施，從而促進電動車的廣泛應用，我們堅定地致力於減緩氣候變化。透過我們努力減少源自汽油車輛的溫室氣體排放，證明了我們對此的承諾。我們的目標是成為充電桩基礎設施建設的領導者，並最大程度地佔領電動車充電市場份額。我們已在行業板塊不同的商業、市政和零售合作夥伴企業建立戰略合作關係，並覆蓋眾多的交通/目的地位置，包括機場、汽車經銷商、醫療保健、酒店、綜合用途、市政場所、多層住宅和公寓、公園和康樂區域、停車場、宗教機構、餐廳、零售商、學校和高校、體育場館、超市、交通樞紐和工作地點。
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我們與重要客戶達成了協議，包括美國郵政服務（USPS）、Mack Trucks、McArthurGlen、BluePoint、Mike Albert Fleet Solutions、Royal Farms、John Henry General Store、Moberly Motor Company、arcos dorados（麥當勞波多黎各）、AAA、Allegiant Stadium（拉斯維加斯）、Tuckahoe村（紐約州）、邁阿密海灘（佛羅里達州）、Nashville-Davidson郡政府、鹽湖城國際機場、三菱、庫什曼與韋克菲爾德、Triple J、Q-Park、百思買、瑞銀、Bosch墨西哥、保時捷波多黎各和瓜地馬拉、Veris Residential、Greystar、Cambium，以及亞特蘭大（喬治亞州）、羅克福德（伊利諾伊州）、牛頓（愛荷華州）和溫斯羅（新澤西州）、里茲（英國），這些擴大了我們的單元銷售和部署潛力。
截至2024年9月30日，我們總共合約、銷售或部署了105,239個充電器，其中84,696個位於Blink Networks（包括60,164個二級商用充電器、1,278個直流快充商用充電器、682個住宅充電器，以及22,572個待投入運營的充電器）。在Blink Networks中，有6,442個充電器是我們擁有的。剩餘的20,543個充電器未連網，位於其他網絡、國際銷售或部署（包括4,012個二級商用充電器、72個快速直流充電器、12,267個住宅二級Blink EV充電器，其中2,467個賣給其他美國網絡，以及1,725個國際銷售）。Blink連網充電器包括公共和私人充電器，由站點擁有者指定，且扣除換裝、更換單元和已停用的單元。某些商用充電器包括安裝在住宅環境中以商業用途的充電器。所有充電器，包括所有國際Blink位置的充電器，均根據美國能源部的指南進行分類。
依據我們截至2024年9月30日的簡明綜合基本報表，我們的現金及現金等價物為$64,584，流動資本為$96,596 ，累積虧損為$662,344。在截至2024年9月30日的三個月和九個月內，我們分別出現淨虧損$87,389和$124,621。在截至2024年9月30日的九個月內，我們營運現金流出金額達34,830。我們尚未實現盈利。
近期 發展情況
市價供應
2022年9月2日，我們與巴克萊銀行、美國美林證券公司、匯豐證券（美國）公司、ThinkEquity LLC、H.C. Wainwright & Co. LLC和Roth Capital Partners LLC（總稱“代理商”）簽署了一份銷售協議（”銷售協議“） ，以進行以市場爲目的（”ATM“）股權發行計劃，根據該計劃，我們可以隨時公開發行和賣出代理商的共同股票，總發售價值高达250,000美元。我們使用ATM股權發行計劃下賣出的普通股票的淨收益來補充運營現金流，以資助我們的充電樁部署和其他增長計劃。我們還將使用我們收到的淨收益的一部分用于運營資本和其他企業目的。我們使用淨收益的金額和時間將取決於許多因素，如我們充電樁部署工作的時間和進展、任何合作夥伴關係和合作努力的時間和進展，以及技術進步。根據銷售協議，代理商有權從售出的股票的總毛收益中獲得高達3%的固定佣金，我們向代理商提供了通常的賠償權利。
我們於2023年11月16日簽署了一項修訂銷售協議，並於2023年11月2日（“修訂”生效）與代理商達成協議。該修訂修訂了銷售協議中使用的“登記聲明”一詞，修改為我們新的S-3表格註冊聲明，編號為333-275123，並將銷售協議中使用的“招股說明書增補”一詞修訂為我們於2023年11月2日發行的與銷售協議中所討論ATm股權發行計畫相關的增補說明書。
在2023年12月31日結束的一年中，公司根據ATm計畫出售了30,914,695股普通股，總收入約116,651美元，扣除發行費用後淨收入約114,317美元。
截至2024年9月30日止九個月，公司根據ATm計劃出售了8,177,472股普通股，總收益約為$25,651，扣除發行費用後淨收益約為$25,070。截至2024年9月30日，已根據ATm計劃出售了39,650,888股，總收益約為$149,999。
產品 和服務提供
我們為物業合作夥伴和電動車司機提供各種充電桩產品和服務。
EV 充電解決方案
| ● | 2 級。 我們提供多種 2 級(AC) 充電裝置，適用於商業和住宅使用，配備北美標準 J1772 連接器、北美充電標準(NACS) 連接器，以及與歐洲和拉丁美洲電動車兼容的 Type 2 連接器。 | |
| ● | 我們的商用 2 級充電器包括 EQ、HQ、MQ 和 IQ 200 系列，以及 4、6、7 和 8 系列，可提供底座、壁掛和立柱安裝配置。 MQ 和 IQ 200 系列，以及 6、7 和 8 系列充電器提供可選的充電線管理系統。此外，我們為美洲提供三款住宅 2 級充電器：壁掛式 HQ 200、4 系列，以及為歐洲市場設計的智能充電線 PQ 150。我們的商用和住宅充電器(除了非網絡 HQ 150)可以連接到 Blink Networks 或本地網絡。 2 級充電站通常在二至八小時內充滿電量。 2 級充電器非常適合低成本安裝，並經常用於工作場所、多住宅、零售店、酒店、綜合用途停車場、市政、大學/學校、醫院和機場等停車場。 | |
| ● | 國際產品。 我們為快速擴大的國際市場提供 2 級交流和直流產品，目標對象包括住宅、工作場所、零售店、停車場、租賃公司、酒店和其他地點。這些產品提供 Type 2、GBt 和 CCS 2 連接器，包括 PQ 150、3 系列(適用於 2/3 輪車輛的理想產品) 和 EQ 200。 | |
| ● | 行動充電器我們為行動/緊急充電市場提供HQ 200-m Level 2充電器，適用於需要使用便攜式充電器的路邊或其他情況，無法連接到電網的情況。 |
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| ● | DCFC。 我們提供一系列完整的DC快速充電設備（“DCFC”），功率範圍從30kW到360kW，支持‘CHAdeMo'，CCS1和NACS連接器，通常可以在不到30分鐘內提供80％的充電。安裝DCFC站和電網要求通常大於2級充電站，理想情況是適用於交通樞紐和旅行目的地之間的地點。包括Series 9 30kW DC快速充電器，適用於車隊和汽車經銷業務部門，可提供壁掛和基座安裝配置，Blink 30kW DC快速充電器佔地面積小，最大輸出可達100安培，以及提供140到500安培功率的Blink 60kW - 360kW DC快速充電器。, Blink充電網絡。 | |
| ● | Blink Network。 Blink Network是一個基於雲的平台，用於管理我們世界各地的EV充電桩網絡，進行遠程監控、管理、支付處理、客戶支持和運營Blink EV充電位置所需的其他功能。 | |
| ● | blink charging手機應用程式。 我們提供Blink Charging手機應用程式（iOS和Android），讓電動汽車駕駛員透過提供更好的搜索功能來控制，使他們可以搜索附近的便利設施，以及按郵政編碼、城市、業務、類別或地址搜索充電器，以及擴展關鍵字搜索。應用程式還包括支付功能，消除了使用信用卡的需要。 | |
| ● | 車隊管理。我們提供針對商業、市政和聯邦車隊的車隊管理應用程式，用於計畫、管理和優化其出發時間表和能源成本。我們的車隊管理應用程式可以作為獨立工具使用，也可以集成到現有的車隊管理解決方案中，這使得Blink成為現有軟體堆中的靈活和增值解決方案。 |
影響營運結果的關鍵因素
我們相信我們的表現和未來成功取決於幾個因素，包括下面所討論的那些：
競爭 - 充电桩設備和服務市場競爭激烈，我們預計隨著新進入者加入這個不斷增長的市場，市場競爭將變得日益激烈。我們的產品和服務在產品性能和功能、總擁有成本、製造業的來源、銷售能力、財務穩定性、品牌認知度、產品可靠性以及已安裝基地的大小上進行競爭。現有競爭對手可能擴大其產品供應和銷售策略，新競爭者可能進入市場。如果由於競爭加劇導致我們的市場份額下降，其未來的營業收入和利潤能力可能會受到負面影響。
成長 - 我們的增長高度依賴消費者對電動車的採用，我們面臨電動車需求降低的風險。 替代燃料車輛市場仍然相對新興，快速發展，特點是技術快速變化、價格競爭、增加競爭對手、不斷演變的政府監管和行業標準、頻繁的新車型公告、電動車原始設備制造商長開發週期以及消費者需求和行為的變化。可能影響替代燃料車輛及特別是電動車購買和使用的因素包括以下: 對電動車質量、安全性（特別是與電池化學相關的安全性）、設計、性能和成本的看法；電動車單次電池充電可行駛的有限區間及使用過程中擔心耗盡電量；內燃機動力效益的提升； 消費者購買奢侈汽車或被認為獨具特色的汽車的渴望和能力；消費者對環保的意識；石油和汽油價格的波動性；消費者對美國對來自不穩定或敵對國家的石油依賴以及國際衝突影響的看法；政府規定和經濟激勵措施促進燃油效率和其他形式的能源；充電站訪問、EV充電系統標準化和消費者對EV充電便利性和費用的看法；以及購買和駕駛EV或未來規定要求增加非污染車輛使用的稅收和其他政府激勵措施的可用性。如果EV市場無法獲得廣泛市場接受或發展速度低於預期，我們的業務、前景、財務狀況和營運結果可能會受到不利影響。
規定 - 我們的業務受聯邦、州和國際法律和規定管轄，包括關於政府鼓勵提高燃油效率和採用其他形式的能源、新能源車和其他方面的法律。這些法律和規定，以及對這些法律和規定的解釋或應用，可能會發生變化。政府補助金和經濟激勵措施的減少、取消或歧視性應用，可能是因政策變化、財政緊縮或其他原因，導致我們的產品減少來自政府的收入和需求。此外，可能會頒布影響我們業務的新法律或規定。遵守這些適用的法律或規定通常成本高昂，可能會佔用管理層大部分注意力。對這些相關法律或規定的修改可能會影響業務，或損害我們的客戶，從而不利於我們的業務、財務狀況和營運結果。
通過收購進行擴張 - 我們可能通過戰略性國內和國際收購來擴大業務。在收購交易中的風險包括將收購的業務整合到我們的業務和控制環境中存在困難，整合和留住員工和中間人存在困難，保留收購實體現有客戶存在困難，承擔或未料到的與收購業務相關的負債，交易對手無法履行對我們對收購業務產生的責任進行保護的義務，以及可能不利的市場條件可能對我們對所收購業務的增長期望產生負面影響。完全將一家收購的公司或業務整合到我們的業務中可能需要很長的時間。如果我們無法整合或進行戰略收購，將對我們的財務狀況和營運結果產生負面影響。
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營運結果
2024年9月30日結束的三個月和九個月，與2023年9月30日結束的三個月和九個月相比
| 截至三個月的結束日期 | 截至九個月結束 | |||||||||||||||||||||||||||||||
| 九月三十日， | 九月三十日, | 3個月 | 九個月間 | |||||||||||||||||||||||||||||
| 2024 | 2023 | 2024 | 2023 | 差額 $ | 差額 % | Difference $ | Difference % | |||||||||||||||||||||||||
| 營業收入： | ||||||||||||||||||||||||||||||||
| 產品銷售 | $ | 13,448 | $ | 35,059 | $ | 64,538 | $ | 76,035 | $ | (21,611 | ) | -62 | % | $ | (11,497 | ) | -15 | % | ||||||||||||||
| 充電服務營收-公司擁有的充電站 | 5,254 | 3,859 | 15,217 | 11,111 | 1,395 | 36 | % | 4,106 | 37 | % | ||||||||||||||||||||||
| 網絡費用 | 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 | % | ||||||||||||||||||||||
| 補助和退款 | 982 | 47 | 1,617 | 284 | 935 | 1989 | % | 1,333 | 469 | % | ||||||||||||||||||||||
| 共享汽車服務 | 1,168 | 903 | 3,467 | 2,112 | 265 | 29 | % | 1,355 | 64 | % | ||||||||||||||||||||||
| 其他 | 598 | 687 | 1,176 | 914 | (89 | ) | -13 | % | 262 | 29 | % | |||||||||||||||||||||
| 總收益 | 25,187 | 43,377 | 96,017 | 97,887 | (18,190 | ) | -42 | % | (1,870 | ) | -2 | % | ||||||||||||||||||||
| 營收成本： | ||||||||||||||||||||||||||||||||
| 產品銷售成本 | 9,122 | 24,619 | 39,965 | 49,509 | (15,497 | ) | -63 | % | (9,544 | ) | -19 | % | ||||||||||||||||||||
| 充電服務成本 - 公司擁有充電站 | 724 | 566 | 1,924 | 2,196 | 158 | 28 | % | (272 | ) | -12 | % | |||||||||||||||||||||
| 主機提供商費用 | 2,982 | 2,399 | 9,306 | 6,285 | 583 | 24 | % | 3,021 | 48 | % | ||||||||||||||||||||||
| 網絡成本 | 577 | 407 | 1,816 | 1,339 | 170 | 42 | % | 477 | 36 | % | ||||||||||||||||||||||
| 保修、維修和保養 | 294 | 561 | 1,880 | 2,924 | (267 | ) | -48 | % | (1,044 | ) | -36 | % | ||||||||||||||||||||
| 共乘服務 | 1,156 | 931 | 3,302 | 3,162 | 225 | 24 | % | 140 | 4 | % | ||||||||||||||||||||||
| 折舊和攤銷 | 1,213 | 1,109 | 4,573 | 2,853 | 104 | 9 | % | 1,720 | 60 | % | ||||||||||||||||||||||
| 總收益成本 | 16,068 | 30,592 | 62,766 | 68,268 | (14,524 | ) | -47 | % | (5,502 | ) | -8 | % | ||||||||||||||||||||
| 毛利潤 | 9,119 | 12,785 | 33,251 | 29,619 | (3,666 | ) | -29 | % | 3,632 | 12 | % | |||||||||||||||||||||
| 營業費用： | ||||||||||||||||||||||||||||||||
| 補償 | 15,159 | 15,268 | 47,770 | 75,967 | (109 | ) | -1 | % | (28,197 | ) | -37 | % | ||||||||||||||||||||
| 總部開支 | 7,972 | 8,539 | 23,782 | 26,466 | (567 | ) | -7 | % | (2,684 | ) | -10 | % | ||||||||||||||||||||
| 其他營業費用 | 4,739 | 5,300 | 16,135 | 13,630 | (561 | ) | -11 | % | 2,505 | 18 | % | |||||||||||||||||||||
| 考慮支付金額公平價值變動 | 364 | - | 2,811 | - | 364 | 0 | % | 2,811 | 0 | % | ||||||||||||||||||||||
| 無形資產減損 | - | 5,143 | - | 5,143 | (5,143 | ) | -100 | % | (5,143 | ) | -100 | % | ||||||||||||||||||||
| 商譽減損損失 | 69,111 | 89,087 | 69,111 | 89,087 | (19,976 | ) | -22 | % | (19,976 | ) | -22 | % | ||||||||||||||||||||
| 營業費用總計 | 97,345 | 123,337 | 159,609 | 210,293 | (25,992 | ) | -21 | % | (50,684 | ) | -24 | % | ||||||||||||||||||||
| 營運損失 | (88,226 | ) | (110,552 | ) | (126,358 | ) | (180,674 | ) | 22,326 | -20 | % | 54,316 | -30 | % | ||||||||||||||||||
| 其他收入（費用）： | ||||||||||||||||||||||||||||||||
| 利息支出 | (2 | ) | (970 | ) | (475 | ) | (2,373 | ) | 968 | -100 | % | 1,898 | -80 | % | ||||||||||||||||||
| 註銷應付票據的利潤（虧損） | 36 | (1,000 | ) | 36 | (1,000 | ) | 1,036 | -104 | % | 1,036 | -104 | % | ||||||||||||||||||||
| 衍生金融工具及其他應計遞延負債公允價值變動 | 4 | - | (11 | ) | 10 | 4 | 0 | % | (21 | ) | -210 | % | ||||||||||||||||||||
| 其他費用 | (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（費用）總額 | 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 | % | ||||||||||||
| 所得稅負債（資產） | 18 | (807 | ) | (174 | ) | (1,225 | ) | 825 | -102 | % | 1,051 | -86 | % | |||||||||||||||||||
| 淨虧損 | $ | (87,389 | ) | $ | (112,721 | ) | $ | (124,621 | ) | $ | (184,004 | ) | $ | 25,332 | -22 | % | $ | 59,383 | -32 | % | ||||||||||||
| 20 |
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.
根據該評估，我們的首席執行官和致富金融(臨時代碼)在2024年9月30日得出結論，我們的披露控制和程序由於我們內部財務報告控制方面的重大弱點，如在2023年12月31日結束的財政年度中公司的10-k表格第9A項中所討論的內部財務報告管理年度報告中的控制和程序，並不有效。
控制程序的有效性限制
在設計和評估披露控制和程序以及財務報告內部控制時，管理層認識到，無論控制和程序設計和運作得多麼良好，都只能提供合理保證，以達到所需的控制目標。此外，披露控制和程序以及財務報告內部控制的設計必須反映資源限制的事實，並要求管理層在評估可能的控制和程序的效益與成本之間進行判斷。
財務報告內部控制的變化
在截至2024年9月30日的季度中，管理層持續投入資源以改善在公司截至2023年12月31日的10-K表格中報告的重大缺陷。此外，管理層繼續增強其資源，以改善在資訊科技通用控制及其他財務報告內部控制中識別出的缺陷。
除了以上之外，在截至2024年9月30日的季度內，我們的財務報告內部控制沒有其他變化，這些變化對我們的財務報告內部控制有重大影響或者可能對我們的財務報告內部控制產生重大影響。
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第二部分 - 其他資訊
| 項目 1. | 法律訴訟。 |
關於我們的法律訴訟描述，請參見本十三份報告第一部分第一項「註8 - 承諾和條款 - 訴訟、爭議和和解」。
有關我們與The Farkas Group, Inc.之間的仲裁相關信息，請參閱截至2024年3月31日的第一季度10-Q表格。
| 項目 1A. | 風險因素。 |
除了在我們截至2023年12月31日年度報告第I部分中列出的信息之外，以及在隨後期間報告中類似項目下的信息外，在「管理討論與分析」開頭標題為「有關前瞻性資訊的特別注意事項」，以及下面註明的更新，您應該考慮到存在眾多各種已知和未知的風險，這些風險可能會阻礙我們實現目標。如果這些風險中有任何一個實際發生，我們的業務、財務狀況或營運結果可能會受到重大且不利影響。在這種情況下，我們的普通股交易價格可能會下跌，投資者可能會失去全部或部分投資。這些風險因素可能無法識別出我們面臨的所有風險，我們的營運也可能受到我們目前未知或我們目前認為對我們營運不重要的因素的影響。
我們有嚴重的淨虧損歷史，並預計將來仍將持續虧損；如果我們無法實現和維持盈利，我們的財務狀況可能會受到影響。
我們經歷了大量的淨虧損，並且預計在可預見的將來將繼續出現大量虧損。我們在截至2024年9月30日的季度中擁有大約$的淨虧損87 發行人截至2024年9月30日的資金周轉量約為$，並且累積虧損約為$97 資本金約為$百萬美元，累積虧損約為$百萬美元。我們尚未實現盈利。662 我們尚未實現盈利。
如果我們的營業收入增長速度慢於預期，或者如果我們的營業費用高於預期，我們可能無法實現盈利，我們的財務狀況可能會受到影響。我們無法保證我們將永遠實現盈利運營。即使在將來實現盈利，也可能無法在後續時期維持盈利。我們是否能夠實現足夠支持運作的現金流水平無法準確預測。我們可能需要借入額外的資金、賣出我們的債務或權益證券，或兩者結合，以提供未來運作的資金。這樣的額外資金可能無法以商業上合理的條款或根本無法獲得。
| 項目 2. | 未註冊的股票銷售和收益使用 |
None.
| ITEM 3. | DEFAULTS UPON SENIOR SECURITIES |
None.
| ITEM 4. | MINE SAFETY DISCLOSURES. |
Not applicable.
| ITEM 5. | OTHER INFORMATION |
None.
| 27 |
| ITEM 6. | EXHIBITS |
| 參考附錄 | 已提交或已提供 | |||||||||
| 附件 編號 |
展品 描述 | 形式 | 附件 | 日期 | 展品 描述 | |||||
| 3.1 | 最近於2017年8月17日修訂的公司章程。 | 10-K | 3.1 | 04/17/2018 | ||||||
| 3.2 | 最近於2018年1月29日修改的公司章程。 | 10-K | 3.2 | 04/17/2018 | ||||||
| 3.4 | Series A可轉換優先股撤銷證書。 | 8-K | 3.1 | 04/07/2022 | ||||||
| 3.5 | Series B優先股撤銷證書。 | 8-K | 3.2 | 04/07/2022 | ||||||
| 3.6 | Series C可轉換優先股撤銷證書。 | 8-K | 3.3 | 04/07/2022 | ||||||
| 3.7 | Series D可轉換優先股撤銷證書。 | 8-K | 3.4 | 04/07/2022 | ||||||
| 10.1 | 2024年8月27日生效的《blink charging co.與Brendan S.Jones之間的執行顧問就業協議》。 | 8-K | 10.1 | 08/30/2024 | ||||||
| 31.1 | 主要執行官的13a-14(a)或15d-14(a)證書 | X | ||||||||
| 31.2 | 信安金融負責人的13a-14(a)或15d-14(a)證書 | X | ||||||||
| 32.1* | 主要執行官的第1350條證書 | X | ||||||||
| 32.2* | 信安金融負責人的第1350條證書 | X | ||||||||
| 101 | 來自公司截至2024年9月30日季度結束的公司十週報告的以下基本報表，格式為內聯XBRL：(i) 2024年9月30日（未經審核）和2023年12月31日的摘要合併資產負債表；(ii) 2024年9月30日、2023年的三個月以及2024年9月30日、2023年的九個月的未經審核摘要合併經營報表；(iii) 2024年9月30日、2023年的三個月以及2024年9月30日、2023年的九個月的未經審核摘要合併綜合損益表；(iv) 2024年9月30日的未經審核摘要合併股東權益變動表；(v) 2023年9月30日的未經審核摘要合併股東權益變動表；(vi) 2024年及2023年9月30日的未經審核摘要合併現金流量表；以及(vii) 未經審核摘要合併財務報表附註。 | X | ||||||||
| 104 | 來自公司截至2024年6月30日季度結束的公司十週報告的封面頁面，格式為內聯XBRL（作為附件101包含）。 | X | ||||||||
| * | 根據SEC發布的333-8238條例，展示文件32.1和32.2正在提供，並且不被視為根據《交易所法》第18條而歸檔。 |
| 28 |
簽名
根據1934年證券交易法的要求，註冊人已經適當地委託被授權的簽署者代表其簽署本報告。
| 日期: 2024年11月12日 | 閃電 充電有限公司。 | |
| 根據: | /s/ Brendan S. Jones | |
| Brendan S. Jones | ||
總統 及首席執行官 (主要 執行官) | ||
| 日期: 2024年11月12日 | 根據: | Michael P. Rama |
| Michael P. Rama | ||
財務長 （財務和會計負責人） |
| 29 |