6. LEASES

OPERATING LEASES

Total operating lease expenses for the three and six months ended June 30, 2024 were $347 and $1,135, respectively, and for the three and six months ended June 30, 2023 were $655 and $1,149, respectively, which 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 June 30, 2024, the Company did not have additional operating and financing leases that have not yet commenced. As of June 30, 2024, the Company had $168 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 June 30, 2024. As of December 31, 2023, the Company had $697 of right-of-use assets that were classified as financing leases for vehicles associated with Blink Mobility’s operations and are included as a property and equipment component on the consolidated balance sheet as of December 31, 2023.

During the three and six months ended June 30, 2024, the Company recorded $13 and $23, respectively, 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, 2023, the Company recorded $106 and $116, respectively, of interest expense related to finance leases.

During the three and six months ended June 30, 2024 the Company recorded amortization expense of $489 and $536 respectively, related to finance leases. During the three and six months ended June 30, 2023, the Company recorded amortization expense of $353 and $522 related to finance leases. These expenses were included within depreciation and amortization expense on the condensed consolidated statements of operations for the three and six months June 30, 2024 and 2023.

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 June 30, 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)