LEASES |
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LEASES |
6. LEASES
OPERATING LEASES
Total operating lease expenses for the three and six months ended June 30, 2025 were $751 and $1,230, respectively, and for the three and six months ended June 30, 2024 were $347 and $1,135, respectively, which were recorded in other operating expenses on the condensed consolidated statements of operations. Operating lease expenses consist of rent expense, common area maintenance adjustments and other expenses.
As of June 30, 2025, the Company did not have additional operating and financing leases that have not yet commenced. As of June 30, 2025, the Company had $117 of right-of-use assets that were classified as financing leases for vehicles associated with the operations of Blink Mobility and are included as a component of property and equipment on the condensed consolidated balance sheet as of June 30, 2025.
During the three and six months ended June 30, 2025, the Company recorded $2 and $4, respectively, of interest expense related to finance leases, which was recorded within interest expense on the condensed consolidated statements of operations. During the three and six months ended June 30, 2024, the Company recorded $13 and $23, respectively, of interest expense related to finance leases.
Supplemental cash flows information related to leases was as follows:
BLINK CHARGING CO. NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (in thousands, except for share and per share amounts)
6. LEASES- CONTINUED
Future minimum payments under non-cancellable leases as of June 30, 2025 were as follows:
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