Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENT

v3.22.2.2
FAIR VALUE MEASUREMENT
 9 Months Ended
Sep. 30, 2022
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENT

10. FAIR VALUE MEASUREMENT

 

Assets and liabilities measured at fair value on a recurring or nonrecurring basis are as follows:

    September 30, 2022  
    Level 1     Level 2     Level 3     Total  
Assets:                                
Alternative fuel credits   $ -     $ 35     $ -     $ 35  
Total assets   $ -     $ 35     $ -     $ 35  
                                 
Liabilities:                                
Common stock liability   $ 558     $ -     $ -     $ 558  
Contingent consideration     -       -       4,030       4,030  
Warrant liability     -       -       55       55  
Total liabilities   $ 558     $ -     $ 4,085     $ 4,643  

 

    December 31, 2021  
    Level 1     Level 2     Level 3     Total  
Assets:                                
Alternative fuel credits   $ -     $ 58     $ -     $ 58  
Total assets   $ -     $ 58     $ -     $ 58  
                                 
Liabilities:                                
Common stock liability   $ 364     $ -     $ -     $ 364  
Warrant liability     -       -       90       90  
Total liabilities   $ 364     $ -     $ 90     $ 454  

 

The following table sets forth a summary of the changes in the fair value of Level 3 warrant liabilities that are measured at fair value on a recurring basis:

 

Contingent Consideration      
Beginning balance as of January 1, 2022   $ -  
Contingent consideration assumed in Electric Blue acquisition     3,814  
Change in fair value of contingent consideration     216  
Ending balance as of September 30, 2022   $ 4,030  

 

Warrant Liability      
Beginning balance as of January 1, 2022   $ 90  
Change in fair value of warrant liability     (35 )
Ending balance as of September 30, 2022   $ 55  

 

 

BLINK CHARGING CO. AND SUBSIDIARIES

 

Notes to Unaudited Condensed Consolidated Financial Statements

(in thousands, except for share and per share amounts)