| SCHEDULE OF PREVIOUSLY REPORTED CONSOLIDATED FINANCIAL STATEMENTS |
A
summary of the corrections to the impacted financial statement line items in the Company’s previously issued condensed
consolidated balance sheet and condensed consolidated statement of cash flows as of and for the three and six months ended June 30,
2024.
SCHEDULE
OF PREVIOUSLY REPORTED CONSOLIDATED FINANCIAL
STATEMENTS
BLINK CHARGING CO.
Condensed Consolidated Balance Sheets
(In thousands, except share amounts)
| |
|
As Previously |
|
|
Revision |
|
|
As |
|
| |
|
Reported |
|
|
Adjustments |
|
|
Revised |
|
| Assets |
|
|
|
|
|
|
|
|
|
|
|
|
| Current Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
73,885 |
|
|
$ |
(18,104 |
) |
|
$ |
55,781 |
|
| Marketable securities |
|
$ |
- |
|
|
$ |
18,104 |
|
|
$ |
18,104 |
|
| Total Current Assets |
|
$ |
173,175 |
|
|
$ |
- |
|
|
$ |
173,175 |
|
| Total Assets |
|
$ |
380,272 |
|
|
$ |
- |
|
|
$ |
380,272 |
|
BLINK
CHARGING CO.
Condensed
Consolidated Statements of Cash Flows
(in
thousands)
| |
|
As Previously |
|
|
Revision |
|
|
As |
|
| |
|
Reported |
|
|
Adjustments |
|
|
Revised |
|
| |
|
|
|
|
|
|
|
|
|
| Cash Flows From Investing Activities: |
|
|
|
|
|
|
|
|
|
|
|
|
| Proceeds from sale of marketable securities |
|
$ |
- |
|
|
$ |
5,500 |
|
|
$ |
5,500 |
|
| Net Cash Used In Investing Activities |
|
$ |
(8,739 |
) |
|
$ |
4,866 |
|
|
$ |
(3,873 |
) |
| Net Decrease In Cash and Cash Equivalents and Restricted Cash |
|
$ |
(47,810 |
) |
|
$ |
4,866 |
|
|
$ |
(42,944 |
) |
| Cash and Cash Equivalents and Restricted Cash - Beginning of Period |
|
$ |
121,770 |
|
|
$ |
(22,970 |
) |
|
$ |
98,800 |
|
| Cash and Cash Equivalents and Restricted Cash - End of Period |
|
$ |
73,960 |
|
|
$ |
(18,104 |
) |
|
$ |
55,856 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents and restricted cash consisted of the following: |
|
|
|
|
|
|
|
|
|
|
|
|
| Cash and cash equivalents |
|
$ |
73,885 |
|
|
$ |
(18,104 |
) |
|
$ |
55,781 |
|
| Restricted cash |
|
$ |
75 |
|
|
$ |
- |
|
|
$ |
75 |
|
| Cash and cash equivalents
and restricted cash |
|
$ |
73,960 |
|
|
$ |
(18,104 |
) |
|
$ |
55,856 |
|
|