6. LEASES

OPERATING LEASES

As of March 31, 2022, the Company had no leases that were classified as a financing lease. As of March 31, 2022, the Company had additional operating leases for vehicles obtained in relation to the operations of Blink Mobility. As of March 31, 2022, the leases had not commenced since the vehicles were not available to the Company until the second quarter of 2022. The duration of the leases are three years and the Company is expected to pay approximately $1,044 throughout the term.

Total operating lease expenses for the three months ended March 31, 2022 and 2021 were $168 and $170, respectively, and are recorded in other operating expenses on the condensed consolidated statements of operations.

Supplemental cash flows information related to leases was as follows:

 SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES

BLINK CHARGING CO. AND SUBSIDIARIES

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(in thousands except for share and per share amounts)

(UNAUDITED)

6. LEASES – CONTINUED

Future minimum payments under non-cancellable leases as of March 31, 2022 were as follows:

 SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS