Quarterly report [Sections 13 or 15(d)]

FAIR VALUE MEASUREMENT

v3.26.1
FAIR VALUE MEASUREMENT
 6 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENT

6. FAIR VALUE MEASUREMENT

 

Assets and liabilities measured at fair value on a recurring basis are as follows:

 

                 
    June 30, 2026  
    Level 1     Level 2     Level 3     Total  
Assets:                        
Money market funds   $ 29,039     $ -     $ -     $ 29,039  
Total assets   $ 29,039     $ -     $ -     $ 29,039  
                                 
Liabilities:                                
Warrant liability   $ -     $ -     $ 30     $ 30  
Earn-out liabilities     -       -       713       713  
Total liabilities   $ -     $ -     $ 743     $ 743  

 

                 
    December 31, 2025  
    Level 1     Level 2     Level 3     Total  
Assets:                        
Money market funds   $ 32,500     $ -     $ -     $ 32,500  
Total assets   $ 32,500     $ -     $ -     $ 32,500  
                                 
Liabilities:                                
Warrant liability   $ -     $ -     $ 30     $ 30  
Earn-out liabilities     -       -       1,986       1,986  
Total liabilities   $ -     $ -     $ 2,016     $ 2,016  

 

In addition to assets and liabilities that are measured at fair value on a recurring basis, The Company also measures certain assets and liabilities at fair value on a nonrecurring basis. Non-financial assets, including goodwill, intangible assets, operating lease right of use assets, and property, plant and equipment, are measured at fair value when there is an indication of impairment and the carrying amount exceeds the asset’s projected undiscounted cash flows. These assets are recorded at fair value only when an impairment charge is recognized.

 

The Company’s earn-out and consideration payable liabilities represent contingent consideration recognized in connection with the Company’s business acquisitions and are classified within Level 3 of the fair value hierarchy. The Company remeasures these liabilities at fair value on a recurring basis at each reporting date using a probability-based approach that reflects management’s estimate of the likelihood that the performance thresholds underlying the arrangements will be achieved. During the three and six months ended June 30, 2026, changes in these estimates were recognized in the condensed consolidated statements of operations.

 

The following table sets forth a summary of the changes in the fair value of Level 3 liabilities that are measured at fair value on a recurring basis during the six months ended June 30, 2026:

 

    2026  
Earn-Out Liabilities        
Beginning balance as of January 1,   $ 1,986  
Change in fair value of earn-out liabilities     (1,273 )
Ending balance as of June 30,   $ 713  

 

 

BLINK CHARGING CO.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

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