Quarterly report pursuant to Section 13 or 15(d)

FAIR VALUE MEASUREMENT

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FAIR VALUE MEASUREMENT
 6 Months Ended
Jun. 30, 2022
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENT

10. FAIR VALUE MEASUREMENT

 

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

  

    June 30, 2022  
    Level 1     Level 2     Level 3     Total  
Assets:                        
Alternative fuel credits   $ -     $ 39     $ -     $ 39  
Total assets   $ -     $ 39     $ -     $ 39  
                                 
Liabilities:                                
Common stock liability   $ 710     $ -     $ -     $ 710  

Contingent consideration

     -       -      

3,514

      

3,514

  
Warrant liability     -       -       47       47  
Total liabilities   $ 710     $ -     $ 3,561     $ 4,272  

 

    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     -       -       159       159  
Total liabilities   $ 364     $ -     $ 159     $ 523  

 

 

BLINK CHARGING CO. AND SUBSIDIARIES

 

Notes to Unaudited Condensed Consolidated Financial Statements

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

 

10. FAIR VALUE MEASUREMENT– CONTINUED

 

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:

  

Contingent Consideration      
Beginning balance as of January 1, 2022   $ -  
Contingent consideration assumed in Electric Blue acquisition     3,400  
Change in fair value of contingent consideration     114  
Ending balance as of June 30, 2022   $ 3,514  

 

Warrant Liability        
Beginning balance as of January 1, 2022   $ 90  
Change in fair value of warrant liability     (43 )
Ending balance as of June 30, 2022   $ 47