|
11.
FAIR VALUE MEASUREMENT
Assumptions
utilized in the valuation of Level 3 liabilities are described as follows:
SUMMARY
OF ASSUMPTIONS USED FOR VALUATION OF FAIR VALUE LIABILITIES
| |
|
For the Years
Ended |
|
| |
|
December
31, |
|
| |
|
2021 |
|
|
2020 |
|
|
2019 |
|
| Risk-free interest rate |
|
|
0.07%-0.39%
|
|
|
|
0.16%-1.69%
|
|
|
|
1.47%-2.45%
|
|
| Contractual term (years) |
|
|
1.00 |
|
|
|
1.00-8.00
|
|
|
|
1.00-10.00
|
|
| Expected volatility |
|
|
90%-148%
|
|
|
|
78%-143.8%
|
|
|
|
74%-140%
|
|
| Expected dividend yield |
|
|
0.00 |
% |
|
|
0.00 |
% |
|
|
0.00 |
% |
The
following table sets forth a summary of the changes in the fair value of Level 3 warrant liabilities that are measured at fair value
on a recurring basis:
SUMMARY
OF CHANGES IN FAIR VALUE OF LEVEL 3 WARRANT LIABILITIES MEASURED AT RECURRING BASIS
| |
|
2021 |
|
|
2020 |
|
| |
|
December
31, |
|
| |
|
2021 |
|
|
2020 |
|
| Warrant Liability |
|
|
|
|
|
|
|
|
| Beginning balance as of January 1 |
|
$ |
159 |
|
|
$ |
5 |
|
| Change in fair value of
warrant liability |
|
|
(69 |
) |
|
|
154 |
|
| Ending balance as of December 31 |
|
$ |
90 |
|
|
$ |
159 |
|
Assets
and liabilities measured at fair value on a recurring or nonrecurring basis are as follows:
SUMMARY
OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE RECURRING AND NONRECURRING BASIS
| |
|
December
31, 2021 |
|
| |
|
Level
1 |
|
|
Level
2 |
|
|
Level
3 |
|
|
Total |
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Alternative
fuel credits |
|
$ |
- |
|
|
$ |
58 |
|
|
$ |
- |
|
|
$ |
58 |
|
| Total assets |
|
$ |
- |
|
|
$ |
58 |
|
|
$ |
- |
|
|
$ |
58 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Common stock liability |
|
$ |
364 |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
364 |
|
| Warrant liability |
|
|
- |
|
|
|
- |
|
|
|
90 |
|
|
|
90 |
|
| Total liabilities |
|
$ |
364 |
|
|
$ |
- |
|
|
$ |
90 |
|
|
$ |
454 |
|
| |
|
December
31, 2020 |
|
| |
|
Level
1 |
|
|
Level
2 |
|
|
Level
3 |
|
|
Total |
|
| Assets: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Alternative
fuel credits |
|
$ |
- |
|
|
$ |
31 |
|
|
$ |
- |
|
|
$ |
31 |
|
| Total assets |
|
$ |
- |
|
|
$ |
31 |
|
|
$ |
- |
|
|
$ |
31 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Warrant liability |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
159 |
|
|
$ |
159 |
|
| Total liabilities |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
159 |
|
|
$ |
159 |
|
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)
|