Annual report [Section 13 and 15(d), not S-K Item 405]

SEGMENT REPORTING

v3.25.1
SEGMENT REPORTING
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SEGMENT REPORTING

17. SEGMENT REPORTING

 

The Chief Executive Officer is the Chief Operating Decision Maker (“CODM”). The CODM organizes the Company, manages resource allocations and measures performance as one operating and reportable segment. The Company manufactures, owns, and operates residential and commercial EV charging solutions, including its Blink Networks and EVSE, to support EV drivers at various locations. Furthermore, the Company owns and operates an EV car-sharing and ride-sharing program that allows customers to share electric vehicles through subscription services and charge those cars through charging stations.

 

The CODM is provided asset information by reportable segment as asset information is provided to the CODM on a consolidated basis. The CODM reviews the following information on a consolidated basis: revenues, cost of revenues, gross profit, compensation expense and operating loss in order to allocate operating and capital resources and assesses performance of the Company by comparing actual results to historical results and previously forecasted financial information. Other than certain disaggregated expense information provided in relation to other operating expenses, significant expenses regularly provided to the CODM are presented as shown on the statement of operations. The CODM is also regularly provided disaggregated expense information for other operating expenses, which is disaggregated between software costs and other expenses as shown in the table below:

 

    2024     2023     2022  
    For The Years Ended  
    December 31,  
    2024     2023     2022  
Other operating expenses                        
Software     4,947       3,343       1,578  
Other (1)     15,444       14,482       14,067  
Total other operating expenses   $ 20,391     $ 17,825     $ 15,645  

 

(1) Includes operating lease expense, insurance expense, office expenses and travel expenses.

 

The following table sets forth our long-lived assets by geographic area, which consists of property and equipment, net and operating lease right-of-use assets:

 

    2024     2023  
    December 31,  
    2024     2023  
             
United States   $ 35,035     $ 33,274  
International     12,848       11,584  
                 
Total   $ 47,883     $ 44,858  

 

For information regarding revenue disaggregated by geography and revenue concentrations, see Note 2 — Summary of Significant Accounting Policies.

 

For additional information related to goodwill, see Note 6 - Goodwill.

 

 

BLINK CHARGING CO.

Notes to Consolidated Financial Statements

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