6. LEASES

OPERATING LEASES

Total operating lease expenses for the three months ended March 31, 2024 and 2023 were $788 and $493, respectively, and were recorded in other operating expenses on the condensed consolidated statements of operations. Operating lease expenses consist of rent expense, common area maintenance adjustments and other expenses.

As of March 31, 2024, the Company did not have additional operating and financing leases that have not yet commenced. As of March 31, 2024, the Company had $177 of right-of-use assets that were classified as financing leases for vehicles associated with the operations of Blink Mobility and are included as a component of property and equipment on the condensed consolidated balance sheet as of March 31, 2024.

During the three months ended March 31, 2024 and 2023, the Company recorded $10 and $10, respectively, of interest expense related to finance leases, which were recorded within interest expense on the condensed consolidated statements of operations. During the three months ended March 31, 2024 and 2023, the Company recorded amortization expense of $48 and $169, respectively, related to finance leases.

Supplemental cash flows information related to leases was as follows:

 SCHEDULE OF SUPPLEMENTAL CASH FLOWS INFORMATION RELATED TO LEASES

Future minimum payments under non-cancellable leases as of March 31, 2024 were as follows:

 SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS

BLINK CHARGING CO.

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

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