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

Quarterly report pursuant to Section 13 or 15(d)

Fair Value Measurement

Fair Value Measurement

6 Months Ended

Jun. 30, 2020

7.	FAIR VALUE MEASUREMENT

Assumptions utilized in the valuation of Level 3 liabilities are described as follows:

	For the Three Months Ended						For the Six Months Ended
	June 30,						June 30,
	2020			2019			2020			2019

Risk-free interest rate		0.16%-1.69	%		1.88% - 2.45	%		0.16%-1.69	%		1.88% - 2.63	%
Contractual term (years)		1.00-8.00			1.00 - 10.00			1.00-8.00			1.00 - 10.00
Expected volatility		93%-138	%		106% - 139	%		78%-138	%		106% - 140	%
Expected dividend yield		0.00	%		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:

Warrants Payable
Beginning balance as of January 1, 2020	$	5,102
Change in fair value of warrants payable		16,039
Ending balance as of June 30, 2020	$	21,141

Assets and liabilities measured at fair value on a recurring or nonrecurring basis are as follows:

	June 30, 2020
	Level 1		Level 2		Level 3		Total
Assets:
Alternative fuel credits	$	-	$	199,069	$	-	$	199,069
Marketable securities		508,871		-		-		508,871
Total assets	$	508,871	$	199,069	$	-	$	707,940

Liabilities:
Warrants payable	$	-	$	-	$	21,141	$	21,141
Total liabilities	$	-	$	-	$	21,141	$	21,141

	December 31, 2019
	Level 1		Level 2		Level 3		Total
Assets:
Alternative fuel credits	$	-	$	476,992	$	-	$	476,992
Marketable securities		3,150,332		-		-		3,150,332
Total assets	$	3,150,332	$	476,992	$	-	$	3,627,324

Liabilities:
Warrants payable	$	-	$	-	$	5,102	$	5,102
Total liabilities	$	-	$	-	$	5,102	$	5,102

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details