Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.8.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Current Assets:    
Cash $ 185,151 $ 5,898
Accounts receivable and other receivables, net 227,918 128,315
Inventory, net 247,466 394,825
Prepaid expenses and other current assets 108,352 84,631
Total Current Assets 768,887 613,669
Fixed assets, net 376,920 755,682
Intangible assets, net 106,167 116,482
Deferred public offering costs 1,367,730 335,475
Other assets 67,309 89,573
Total Assets 2,687,013 1,910,881
Current Liabilities:    
Accounts payable 4,228,073 3,500,267
Accounts payable [1] [1] 3,728,193
Accrued expenses 26,075,250 7,955,976
Accrued expenses [1] [1] 5,969
Accrued public information fee 3,005,277
Derivative liabilities 3,448,390 1,583,103
Current portion of convertible notes payable, net of debt discount of $0 and $501,981 50,000 581,274
Convertible notes payable - related party 747,567 495,000
Notes payable 597,966 342,781
Current portion of deferred revenue 383,771 600,700
Total Current Liabilities 35,531,017 21,798,540
Convertible notes payable, non-current portion, net of debt discount of $499,435 and $0 as of December 31, 2017 and 2016, respectively 3,200,096
Deferred revenue, non-current portion 50,283 99,495
Total Liabilities 38,781,396 21,898,035
Series B Convertible Preferred Stock, 10,000 shares designated, 8,250 shares issued and outstanding as of December 31, 2017 and 2016, respectively 825,000 825,000
Commitments and contingencies
Stockholders’ Deficiency:    
Common stock, $0.001 par value, 500,000,000 shares authorized, 5,523,673 and 1,609,530 shares issued and outstanding as of December 31, 2017 and 2016, respectively 5,524 1,610
Additional paid-in capital 119,499,141 64,078,182
Accumulated deficit (156,435,278) (81,071,782)
Total Blink Charging Co. - Stockholders’ Deficiency (36,919,383) (16,980,840)
Non-controlling interest [1] [1] (3,831,314)
Total Stockholders’ Deficiency (36,919,383) (20,812,154)
Total Liabilities and Stockholders’ Deficiency 2,687,013 1,910,881
Series A Convertible Preferred Stock [Member]    
Stockholders’ Deficiency:    
Preferred stock, $0.001 par value, 40,000,000 shares authorized; 11,000 11,000
Series C Convertible Preferred Stock [Member]    
Stockholders’ Deficiency:    
Preferred stock, $0.001 par value, 40,000,000 shares authorized; 230 150
Series D Convertible Preferred Stock [Member]    
Stockholders’ Deficiency:    
Preferred stock, $0.001 par value, 40,000,000 shares authorized;
[1] Related to 350 Green, which, as of May 18, 2017, is no longer a variable interest entity of the Company and, accordingly, 350 Green's was deconsolidated as of May 18, 2017.