Blink Charging Co. Quarterly report pursuant to sections 13 or 15(d)

Quarterly report pursuant to sections 13 or 15(d)

Accounts Payable and Accrued Expenses

Accounts Payable and Accrued Expenses

3 Months Ended

Mar. 31, 2013

Accounts Payable and Accrued Expenses [Abstract]

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

5. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following at:

	March 31, 2012		December 31, 2012
Accounts payable	$	888,565	$	370,675
Accrued wages		10,891		97,961
Accrued fees		327,313		72,038
Accrued interest expense		10,951		7,200
Total	$	1,237,720	$	547,874

Accrued fees consist primarily of fees owed to consultants, commissions owed to consultants in connection with the sale of shares of the Company’s common stock during the three months ended March 31, 2013 and the value of 50,000 shares of the Company’s common stocks under the 2013 Omnibus Plan obligated to be issued an individual upon the execution of an offer to serve on the Company’s Board of Directors. As the Company’s Board of Directors did not approve his appointment to the Board of Directors until April 3, 2013 in conjunction with the Company’s acquisition of EV Pass LLC, the Company has recorded a prepaid asset and corresponding liability of as of March 31, 2013.