Annual report pursuant to Section 13 and 15(d)

DEFERRED REVENUE

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DEFERRED REVENUE
 12 Months Ended
Dec. 31, 2021
Revenue from Contract with Customer [Abstract]  
DEFERRED REVENUE

10.   DEFERRED REVENUE

 

The Company is the recipient of various private and governmental grants, rebates and marketing incentives. Reimbursements of periodic expenses are recognized as income when the related expense is incurred. Private and government grants and rebates related to EV charging stations and their installation are deferred and amortized in a manner consistent with the recognition of the related depreciation expense of the related asset over their useful lives.

 

Deferred revenue consists of the following:

 

    2021     2020  
    December 31,  
    2021     2020  
Prepaid network, charging and maintenance fees   $ 2,647     $ 288  
AFIG-PAT     70       70  
Other     269       128  
Total deferred revenue     2,986       486  
Deferred revenue, non-current portion     (128 )     (7 )
Current portion of deferred revenue   $ 2,858     $ 479  

 

It is anticipated that deferred revenue as of December 31, 2021 will be recognized as follows:

 

For the Year Ending

December 31,

   Revenue  
2022   $ 2,858  
2023     118  
2024     3  
2025     3  
2026     3  
Thereafter     1  
Total   $ 2,986  

 

 

BLINK CHARGING CO. AND SUBSIDIARIES

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2021, 2020 and 2019

(in thousands except for share and per share amounts)