Blink Charging Co. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Accounts Payable and Accrued Expenses

Accounts Payable and Accrued Expenses

9 Months Ended

12 Months Ended

Sep. 30, 2013

Dec. 31, 2012

Accounts Payable and Accrued Expenses [Abstract]

ACCOUNTS PAYABLE AND ACCRUED EXPENSES

6. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following at:

	September 30, 2013		December 31, 2012
Accounts payable	$	2,978,852	$	370,675
Accrued wages		115,500		97,961
Accrued sales and payroll taxes		214,679		-
Accrued fees		1,293,854		72,038
Accrued interest expense		4,553		7,200
Total	$	4,607,438	$	547,874

Accrued fees consist primarily of fees owed to consultants, revenue share and electricity reimbursements to property owners where the EV chargers are situated.

In conjunction with the acquisition of 350Green, the 350Green vendor’s accounts payable was collateralized by 28 EV charging stations installed by 350Green in California and Maryland to be paid in monthly installments of $10,000. The vendor’s account payable was $126,141 at such time and is $66,141 as of September 30, 2013.

4. ACCOUNTS PAYABLE AND ACCRUED EXPENSES

Accounts payable and accrued expenses consisted of the following at:

	December 31 ,2012		December 31, 2011
Accounts payable	$	370,675	$	294,083
Accrued wages		97,961		71,030
Accrued fees		72,038		-
Accrued interest expense		7,200		-
Total	$	547,874	$	365,113