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

BUSINESS COMBINATIONS (Tables)

12 Months Ended

Dec. 31, 2024

	Purchase Price Allocation
Purchase Consideration:
Cash	$	6,000
Deferred cash consideration		6,782
Common stock		18,118

Total Purchase Consideration	$	30,900

Less:
Trade name	$	166
Customer relationships		1,925
Internally developed technology		175
Non-compete agreements		11
Property and equipment		1,802
Other assets		52
Notes payable- non current portion		(24	)
Lease liability- non current portion		(1,730	)
Debt-free net working capital deficit		(1,595	)

Fair Value of Identified Net Assets	$	782

Remaining Unidentified Goodwill Value	$	30,118

The components of debt free net working capital deficit are as follows:

	Purchase Price Allocation
Current assets:
Cash	$	19
Accounts receivable		391
Prepaid expenses and other current assets		254

Total current assets	$	664

Less current liabilities:
Accounts payable	$	853
Current portion of lease liability		591
Current portion of notes payable		7
Deferred revenue		229
Accrued expenses and other current liabilities		579

Total current liabilities	$	2,259

Net working capital deficit	$	(1,595	)

The following table summarizes the fair values of the assets acquired and liabilities assumed as of the acquisition date of SemaConnect:


	Purchase Price Allocation
Purchase Consideration:
Cash	$	46,136
Deferred cash consideration		40,600
Common stock		113,837

Total Purchase Consideration	$	200,573

Less:
Trade name	$	1,831
Customer relationships		15,055
Internally developed technology		3,607
Non-compete agreements		241
Property and equipment		614
Right of use asset		1,092
Other assets		449
Deferred revenue- non current portion		(702	)
Lease liability- non current portion		(611	)
Debt-free net working capital		4,558

Fair Value of Identified Net Assets	$	26,134

Remaining Unidentified Goodwill Value	$	174,439

The components of debt free net working capital are as follows:

Current assets:
Cash	$	3,753
Restricted cash		8,103
Accounts receivable		5,515
Inventory		5,472
Prepaid expenses and other current assets		1,309

Total current assets	$	24,152

Less current liabilities:
Accounts payable	$	2,305
Merger consideration payable		8,103
Current portion of lease liability		481
Current portion of notes payable		186
Deferred revenue		2,677
Accrued expenses and other current liabilities		5,842

Total current liabilities	$	19,594

Debt free net working capital	$	4,558

The following table summarizes the fair values of the assets acquired and liabilities assumed as of the acquisition date of EB:


Purchase Consideration:
Cash	$	12,651
Common stock		2,852
Contingent consideration		3,814

Total Purchase Consideration	$	19,317

Less:
Trade name	$	500
Customer relationships		4,856
Internally developed technology		515
Non-compete agreements		1,992
Property and equipment		4,325
Deferred revenue- non current portion		(2,689	)
Debt-free net working capital deficit		(625	)

Fair Value of Identified Net Assets	$	8,874

Remaining Unidentified Goodwill Value	$	10,443

The components of debt free net working capital are as follows:

Current assets:
Cash	$	1,291
Accounts receivable		1,618
Prepaid expenses and other current assets		508

Total current assets	$	3,417

Less current liabilities:
Accounts payable	$	647
Current portion of lease liabilities		22
Current portion of notes payable		611
Accrued expenses and other current liabilities		2,762

Total current liabilities	$	4,042

Debt free net working capital deficit	$	(625	)