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

Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Estimated Useful Life of Property and Equipment

Property and equipment is stated at cost, net of accumulated depreciation and amortization which is recorded commencing at the in-service date using the straight-line method over the estimated useful lives of the assets.

		Useful Lives
Asset		(In Years)

Computer software and office and computer equipment		3 - 5
Machinery and equipment, automobiles, furniture and fixtures		3 - 10
Installed Level 2 electric vehicle charging stations		3 - 7
Installed Level 3 (DC Fast Chargers (“DCFC”)) electric vehicle charging stations		5

Schedule of Revenue Recognition by Contract

The following table summarizes our revenue recognized under ASC 606 in our consolidated statements of operations:

	For The Years Ended
	December 31,
	2018		2017

Revenues - Recognized at a Point in Time
Charging service revenue - company-owned charging stations	$	1,264,719	$	1,186,710
Product sales		476,930		495,086
Other		187,252		338,440
Total Revenues - Recognized at a Point in Time		1,928,901		2,020,236

Revenues - Recognized Over a Period of Time:
Network fees and other		351,440		359,216
Total Revenues - Recognized Over a Period of Time		351,440		359,216

Total Revenue Under ASC 606	$	2,280,341	$	2,379,452

Schedule of Outstanding Diluted Shares Excluded from Diluted Loss Per Share Computation

The following common share equivalents are excluded from the calculation of weighted average common shares outstanding because their inclusion would have been anti-dilutive:

	For the Years Ended
	December 31,
	2018		2017
Convertible preferred stock		1,647,756		2,998,355
Warrants		6,837,061		275,332
Options		109,546		107,901
Convertible notes		-		20,555
Total potentially dilutive shares		8,594,363		3,402,143