Quarterly report pursuant to Section 13 or 15(d)

CONSIDERATION PAYABLE

v3.24.3
CONSIDERATION PAYABLE
9 Months Ended
Sep. 30, 2024
Debt Disclosure [Abstract]  
CONSIDERATION PAYABLE

4. CONSIDERATION PAYABLE

 

SEMACONNECT - NOTES PAYABLE

 

During the nine months ended September 30, 2024, the Company repaid the remaining principal balance of $31,354 due under this note as well as paid $1,139 of accrued interest. The amounts were previously included within consideration payable on the condensed consolidated balance sheets.

 

ENVOY - NOTES PAYABLE

 

During the nine months ended September 30, 2024, the Company repaid the remaining principal balance of $6,527 due under this note as well as paid $297 of accrued interest. The amounts were previously included within consideration payable on the condensed consolidated balance sheets.

 

Changes in consideration payable during the nine months ended September 30, 2024 were as follows:

 SCHEDULE OF CHANGES IN CONSIDERATION PAYABLE

 

         
Beginning balance January 1, 2024   $ 56,226  
Repayment of Semaconnect note     (31,354 )
Repayment of Envoy note     (6,527 )
Change in fair value of consideration payable     2,811  
Ending balance September 30, 2024   $ 21,156  

 

See Note 8 – Fair Value Measurement for additional information.

 

 

BLINK CHARGING CO.

 

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(in thousands except for share and per share amounts)