9. LEASES

As of June 30, 2022, the Company had $860 of right of use assets that were classified as a financing leases for vehicles associated with the operations of Blink Mobility are included as a component of property and equipment on the condensed consolidated balance sheet as of June 30, 2022. The duration of the leases are three years and the Company is expected to pay approximately $1,020 throughout the term.

Total operating lease expenses for the three and six months ended June 30, 2022 were $175 and $343, respectively, and for the three and six months ended June 30, 2021 were $128 and $298, respectively, which were recorded in other operating expenses on the condensed consolidated statements of operations.

During the three and six months ended June 30, 2022, the Company recorded $14 of interest expense related to finance leases, which were recorded within interest expense on the condensed consolidated statements of operations. During the three and six months ended June 30, 2022, the Company recorded amortization expense of $181 related to finance leases. Finance lease liabilities are included within accrued expenses and other liabilities on the condensed consolidated balance sheet as of June 30, 2022.

Supplemental cash flows information related to leases was as follows:

SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES  

BLINK CHARGING CO. AND SUBSIDIARIES

Notes to Unaudited Condensed Consolidated Financial Statements

(in thousands, except for share and per share amounts)

9. LEASES – CONTINUED

Future minimum payments under non-cancellable leases as of June 30, 2022 were as follows:

 SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS