Blink Charging Co. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stockholders' Deficiency (Tables)

Stockholders' Deficiency (Tables)

12 Months Ended

Dec. 31, 2014

Summary of Black-Scholes Option Pricing Model to Stock Options Granted Assumption

In applying the Black-Scholes option pricing model to stock options granted, the Company used the following assumptions:

	For the Year Ended
	December 31,
	2014			2013

Risk free interest rate		0.46% - 1.77	%		0.30% - 1.56	%
Expected term (years)		2.50 - 4.00			2.50 - 5.00
Expected volatility		85% - 141	%		136% - 760	%
Expected dividends		0.00	%		0.00	%

Summary of Options Activity

A summary of the option activity during the years ended December 31, 2014 and 2013 is presented below:

						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
	Number of			Exercise		Life		Intrinsic
	Shares			Price		In Years		Value

Outstanding, December 31, 2012		4,500,000		$	1.49
Granted		935,665			1.16
Exercised		-			-
Cancelled/forfeited		(492,000	)		1.46
Outstanding, December 31, 2013		4,943,665		$	1.43
Granted		3,198,000			0.96
Exercised		-			-
Cancelled/forfeited		(451,000	)		1.33
Outstanding, December 31, 2014		7,690,665		$	1.00		3.5	$	2,000

Exercisable, December 31, 2014		4,076,666		$	1.30		3.2	$	400

Schedule of Stock Options

The following table presents information related to stock options at December 31, 2014:

Options Outstanding				Options Exercisable
				Weighted
		Outstanding		Average		Exercisable
Exercise		Number of		Remaining Life		Number of
Price		Options		In Years		Options

$	0.33		25,000		5.0		5,000
	0.50		150,000		3.2		150,000
	0.53		330,000		4.6		305,000
	0.54		25,000		4.6		5,000
	0.90		10,000		-		-
	0.95		20,000		-		-
	0.99		5,000		-		-
	1.00		1,954,000		-		-
	1.01		420,000		6.3		400,000
	1.06		20,000		-		-
	1.10		210,000		-		-
	1.17		10,000		-		-
	1.19		5,000		-		-
	1.22		15,000		-		-
	1.28		696,665		1.7		696,665
	1.31		20,000		3.5		10,000
	1.35		5,000		-		-
	1.45		5,000		3.5		5,000
	1.46		3,000,000		3.0		2,000,001
	1.56		10,000		-		-
	1.61		750,000		3.0		500,000
	1.72		5,000		-		-
			7,690,665		3.2		4,076,666

Schedule of Assumptions Used in Valuation of Warrants Using Multinomial Lattice Model

The assumptions used in connection with the valuation of warrants using the multinomial lattice model were as follows:

	For the Year Ended
	December 31,
	2014			2013

Risk free interest rate		1.10	%		0.32% - 1.71	%
Expected term (years)		2.78 - 4.98			3.00 - 5.00
Expected volatility		84	%		90% - 467	%
Expected dividends		0.00	%		0.00	%

Summary of Warrants Activity

The following table accounts for the Company’s warrant activity for the years ended December 31, 2014 and 2013:

						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
	Number of			Exercise		Life		Intrinsic
	Shares			Price		In Years		Value

Outstanding, December 31, 2012		11,295,968		$	3.50
Issued		35,016,334			1.37
Exercised		-			-
Cancelled/forfeited		(8,417,165	)		4.03
Outstanding, December 31, 2013		37,895,137		$	1.42
Issued		18,825,355			1.00
Exercised		(959,000	)		0.69
Cancelled/forfeited		(1,673,169	)		1.58
Outstanding, December 31, 2014		54,088,323		$	1.28		3.4	$	50

Exercisable, December 31, 2014		54,083,323		$	1.28		3.4	$	50

Schedule of Stock Warrants

The following table presents information related to stock warrants at December 31, 2014:

Warrants Outstanding				Warrants Exercisable
				Weighted
		Outstanding		Average		Exercisable
Exercise		Number of		Remaining Life		Number of
Price		Warrants		In Years		Warrants

$	0.40		5,000		2.0		5,000
	0.50		102,693		0.6		102,693
	0.52		353		0.8		353
	0.53		304		0.8		304
	0.54		270		0.8		270
	0.70		101,731		0.6		101,731
	0.87		723,618		3.7		723,618
	0.90		196		0.6		196
	0.95		227		0.6		227
	0.97		2,635,074		2.7		2,635,074
	1.00		20,276,341		4.3		20,276,341
	1.01		5,438		0.6		5,438
	1.05		14,817,663		3.5		14,817,663
	1.06		392		0.6		392
	1.19		1,579		0.6		1,579
	1.20		1,087		0.6		1,087
	1.22		1,877		0.6		1,877
	1.25		3,089		0.6		3,089
	1.27		124		0.6		124
	1.28		3,344		0.6		3,344
	1.29		3,433,882		4.6		3,433,882
	1.30		2,588		0.6		2,588
	1.31		2,200,875		1.3		2,200,875
	1.33		51		0.6		51
	1.37		1,264		0.6		1,264
	1.42		674		0.6		674
	1.50		466		0.6		466
	1.56		196		0.6		196
	1.59		100,000		1.0		100,000
	1.62		33		0.6		33
	1.75		15,000		3.3		10,000
	1.85		61		0.6		61
	2.25		9,599,000		1.4		9,599,000
	20.00		50,000		1.0		50,000
	30.00		3,833		0.3		3,833
			54,088,323		3.4		54,083,323

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details