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

Annual report pursuant to Section 13 and 15(d)

INTANGIBLE ASSETS (Tables)

INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

SCHEDULE OF INTANGIBLE ASSETS

Intangible assets consisted of the following:

SCHEDULE OF INTANGIBLE ASSETS


		Internal Use Software				Capitalized Engineering Costs				Trade Name and Patents				Customer Relationships				Favorable Leases				Internally Developed Technology				Non-Compete Agreements				Accumulated Amortization				Total
Balance as of January 1, 2022		$	600			$	237			$	340			$	1,677			$	272			$	1,148			$	139			$	(958	)		$	3,455
Additions			523				-				2,331				19,911				-				4,122				2,233				-				29,120
Foreign currency translation			-				-				88				(190	)			(15	)			(239	)			(119	)			-				(475	)
Amortization expense			-				-				-				-				-				-				-				(5,518	)			(5,518	)
Balance as of December 31, 2022			1,123				237				2,759				21,398				257				5,031				2,253				(6,476	)			26,582
Intangible assets beginning balance			1,123				237				2,759				21,398				257				5,031				2,253				(6,476	)			26,582
Additions			122				1,028				166				1,925				-				175				11				-				3,426
Impairment of intangible assets			-				-				(13	)			(4,401	)			-				(218	)			(507	)			-				(5,139	)
Foreign currency translation			-				-				(107	)			(698	)			-				(184	)			(27	)			-				(1,016	)
Amortization expense			-				-				-				-				-				-				-				(7,556	)			(7,556	)
Balance as of December 31, 2023		$	1,245			$	1,265			$	2,805			$	18,224			$	257			$	4,804			$	1,730			$	(14,032	)		$	16,298
Intangible assets ending balance		$	1,245			$	1,265			$	2,805			$	18,224			$	257			$	4,804			$	1,730			$	(14,032	)		$	16,298
Weighted average remaining amortization period at December 31, 2023 (in years)			0.8				0.0				0.0				3.9				0.0				0.2				0.0

Useful Lives			3 Years				Indefinite				1.5 Years				5.6 Years				1.6 Years				3 Years				2 Years

SCHEDULE OF CHANGES IN ACCUMULATED AMORTIZATION


		Internal Use Software				Capitalized Engineering Costs				Trade Name and Patents				Customer Relationships				Favorable Leases				Internally Developed Technology				Non-Compete Agreements				Accumulated Amortization
Balance as of January 1, 2022		$	207			$	-			$	155			$	198			$	109			$	245			$	44			$	958
Foreign currency translation			-				-				(65	)			(250	)			(6	)			(100	)			(15	)			(436	)
Amortization expense			294				-				896				2,547				154				1,254				809				5,954
Balance as of December 31, 2022			501				-				986				2,495				257				1,399				838				6,476
Intangible assets excluding goodwill beginning balance			501				-				986				2,495				257				1,399				838				6,476
Amortization expense			220				-				1,106				4,097				-				1,330				803				7,556
Balance as of December 31, 2023		$	721			$	-			$	2,092			$	6,592			$	257			$	2,729			$	1,641			$	14,032
Intangible assets excluding goodwill ending balance		$	721			$	-			$	2,092			$	6,592			$	257			$	2,729			$	1,641			$	14,032

SCHEDULE OF ESTIMATED FUTURE AMORTIZATION EXPENSE

The estimated future amortization expense is as follows:


For the Years Ending December 31,		Total
2024		$	5,697
2025			4,145
2026			3,378
2027			1,813
Thereafter			1,265
Finite-lived intangible assets, net		$	16,298