5. LEASES

OPERATING AND FINANCE LEASES

Total operating lease expenses for the three months ended March 31, 2026 and 2025 were $815 and $840, respectively. Of these amounts, $425 and $479, respectively, were recorded in other operating expenses and $390 and $361, respectively, were recorded in cost of car-sharing revenue on the condensed consolidated statements of operations. Operating lease expenses consist of rent expense, common area maintenance adjustments and other expenses.

During the three months ended March 31, 2026, the Company entered into new operating leases, which resulted in approximately $330 of additional operating lease right-of-use assets and corresponding lease liabilities recorded during the period. As of March 31, 2026, the Company had not entered into additional finance or operating lease obligations that have not yet commenced.

As of March 31, 2026, the Company had $96 of right-of-use assets that were classified as financing leases for vehicles associated with the operations of Envoy Mobility, Inc. (formerly Blink Mobility, LLC) and are included as a component of property and equipment on the condensed consolidated balance sheet as of March 31, 2026. During the three months ended March 31, 2026 and 2025, the Company recorded $12 and $2, respectively, of interest expense related to finance leases, which were recorded within interest expense on the condensed consolidated statements of operations.

Supplemental cash flows information related to leases was as follows:

SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES

Future minimum payments under non-cancellable leases as of March 31, 2026 were as follows:

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

SUBLEASE

In January 2026, the Company commenced a sublease of a portion of its facility located at 5081 Howerton Way, Bowie, Maryland. The sublease has a term through March 31, 2031, with rent commencing February 1, 2026 following an initial abatement period. Under the sublease, aggregate base rental income is approximately $2,286 over the sublease term. In connection with the sublease, the Company received from the sublessee an irrevocable letter of credit of approximately $70, equal to the first and last months’ base rent, as security for the sublessee’s obligations under the sublease. The letter of credit is reducible to approximately $26 on the second anniversary of the rent commencement date, subject to no defaults.

The following table presents future undiscounted sublease lease payments to be received as of March 31, 2026:

SCHEDULE OF FUTURE UNDISCOUNTED SUBLEASE LEASE PAYMENTS

BLINK CHARGING CO.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

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