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

Quarterly report pursuant to Section 13 or 15(d)

Notes Payable

Notes Payable	6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]
Notes Payable	7. NOTES PAYABLE CONVERTIBLE NOTE On February 20, 2015, the Company renegotiated the terms of the $200,000 secured convertible note such that the due date was extended to March 31, 2015. In connection with the extension, the Company issued the investor an immediately vested five-year warrant to purchase 400,000 shares of the Companys common stock at an exercise price of $1.00 per share. The warrant had an issuance date fair value of $23,641, which was recognized as amortization of debt discount during the six months ended June 30, 2015. On May 1, 2015, the Company further renegotiated the terms of the convertible note such that: (i) the unpaid balance would accrue interest at the rate of 2% per month effective April 1, 2015 and (ii) the maturity date was extended to June 1, 2015. In connection with the extension, the Company: (i) issued the lender an immediately vested five-year warrant to purchase 50,000 shares of the Companys common stock at $1.00 per share with an issuance date fair value of $13,516 and (ii) extended the expiration dates of warrants issued in October 2012 to purchase 150,000 shares of the Companys common stock at an exercise price of $1.00 per share to the lender and its affiliates from October 2015 to October 2017 and recorded incremental compensation cost of $12,954. Amortization of debt discount for the three and six months ended June 30, 2015 was $0 and $41,998, respectively, related to convertible notes payable. During the six months ended June 30, 2015, the Company made aggregate principal repayments of $100,000 associated with its convertible note payable. See Note 12 Subsequent Events Convertible Note Payable for additional details. NON-CONVERTIBLE NOTES During the six months ended June 30, 2015, the Company made aggregate principal repayments of $71,585 associated with non-convertible notes payable. INTEREST EXPENSE Interest expense for the three and six months ended June 30, 2015 was $11,960 and $21,019, respectively, and $11,537 and $45,868 during the three and six months ended June 30, 2014, respectively.

Notes Payable

6 Months Ended

Jun. 30, 2015

Debt Disclosure [Abstract]

Notes Payable

7. NOTES PAYABLE

CONVERTIBLE NOTE

On February 20, 2015, the Company renegotiated the terms of the $200,000 secured convertible note such that the due date was extended to March 31, 2015. In connection with the extension, the Company issued the investor an immediately vested five-year warrant to purchase 400,000 shares of the Companys common stock at an exercise price of $1.00 per share. The warrant had an issuance date fair value of $23,641, which was recognized as amortization of debt discount during the six months ended June 30, 2015.

On May 1, 2015, the Company further renegotiated the terms of the convertible note such that: (i) the unpaid balance would accrue interest at the rate of 2% per month effective April 1, 2015 and (ii) the maturity date was extended to June 1, 2015. In connection with the extension, the Company: (i) issued the lender an immediately vested five-year warrant to purchase 50,000 shares of the Companys common stock at $1.00 per share with an issuance date fair value of $13,516 and (ii) extended the expiration dates of warrants issued in October 2012 to purchase 150,000 shares of the Companys common stock at an exercise price of $1.00 per share to the lender and its affiliates from October 2015 to October 2017 and recorded incremental compensation cost of $12,954.

Amortization of debt discount for the three and six months ended June 30, 2015 was $0 and $41,998, respectively, related to convertible notes payable.

During the six months ended June 30, 2015, the Company made aggregate principal repayments of $100,000 associated with its convertible note payable.

See Note 12 Subsequent Events Convertible Note Payable for additional details.

NON-CONVERTIBLE NOTES

During the six months ended June 30, 2015, the Company made aggregate principal repayments of $71,585 associated with non-convertible notes payable.

INTEREST EXPENSE

Interest expense for the three and six months ended June 30, 2015 was $11,960 and $21,019, respectively, and $11,537 and $45,868 during the three and six months ended June 30, 2014, respectively.