REVISION OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS (Tables)

12 Months Ended

Dec. 31, 2025

Accounting Changes and Error Corrections [Abstract]

SCHEDULE OF PREVIOUSLY REPORTED CONSOLIDATED FINANCIAL STATEMENTS

A summary of the corrections to the impacted financial statement line items in the Company’s previously issued consolidated financial statements as of and for the year ended December 31, 2024 are as follows:

Consolidated Balance Sheet

(in thousands)

As of December 31, 2024

		As Previously Reported				Revision Adjustments				Notes				As Revised
Assets
Current Assets:
Accounts receivable, net		$	43,201			$	(1,129	)			(f)			$	42,072
Inventory, net			38,280				(1,672	)			(c)				36,608
Prepaid expenses and other current assets			4,267				1,129				(f)				5,396

Total Current Assets			141,152				(1,672	)							139,480
Property and equipment, net			38,671				(1,290	)			(d)				37,381

Total Assets		$	217,988			$	(2,962	)						$	215,026

Liabilities and Stockholders’ Equity

Current Liabilities:
Accounts payable, accrued expenses and other current liabilities		$	38,370			$	505				(b), (e), (f)			$	38,875
Current portion of deferred revenue			17,359				(281	)			(f)				17,078

Total Current Liabilities			59,244				224								59,468
Deferred revenue, non-current portion			10,603				(5,543	)			(f)				5,060
Other liabilities			1,152				5,543				(f)				6,695

Total Liabilities			99,286				224								99,510

Stockholders’ Equity:
Accumulated deficit			(735,855	)			(3,186	)			(a)-(g)				(739,041	)

Total Stockholders’ Equity			118,702				(3,186	)							115,516

Total Liabilities and Stockholders’ Equity		$	217,988			$	(2,962	)						$	215,026

BLINK CHARGING CO.

Notes to Consolidated Financial Statements

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

19. REVISION OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED

Consolidated Statement of Operations-For the Year Ended December 31, 2024

(in thousands)

		As Previously Reported				Revision Adjustments				Notes				As Revised
Revenues:
Network fees		$	8,716			$	(764	)			(b)			$	7,952
Warranty			6,427				(740	)			(b)				5,687
Grant and fees rebate			1,704				(656	)			(a)				1,048

Total Revenues			126,197				(2,160	)							124,037

Cost of Revenues:
Cost of product sales			54,164				1,632				(b), (c), (d), (e)				55,796
Depreciation and amortization			6,299				(656	)			(a)				5,643

Total Cost of Revenues			85,416				976								86,392

Gross Profit			40,781				(3,136	)							37,645

Operating Expenses:
General and administrative expenses			31,779				108				(d)				31,887

Total Operating Expenses			240,729				108								240,837

Loss From Operations			(199,948	)			(3,244	)							(203,192	)

Other Income (Expense):

Loss Before Income Taxes		$	(197,418	)		$	(3,244	)						$	(200,662	)

Provision for income taxes			(714	)			58				(g)				(656	)

Net Loss		$	(198,132	)		$	(3,186	)						$	(201,318	)
Net Loss Per Share:
Basic		$	(1.96	)		$	(0.03	)						$	(2.00	)
Diluted		$	(1.96	)		$	(0.03	)						$	(2.00	)

Weighted Average Number of Common Shares Outstanding:
Basic			100,844,970				100,844,970								100,844,970
Diluted			100,844,970				100,844,970								100,844,970

Consolidated Statement of Comprehensive Loss- For the Year Ended December 31, 2024

(in thousands)

		As Previously Reported				Revision Adjustments				As Revised

Net Loss		$	(198,132	)		$	(3,186	)		$	(201,318	)
Other Comprehensive Loss:
Cumulative translation adjustments			(3,309	)			-				(3,309	)

Total Comprehensive Loss		$	(201,441	)		$	(3,186	)		$	(204,627	)

BLINK CHARGING CO.

Notes to Consolidated Financial Statements

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

19. REVISION OF PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS - CONTINUED

Consolidated Statement of Changes in Stockholder’s Equity

(in thousands)

As of December 31, 2024

		As Previously Reported				Revision Adjustments				As Revised

Stockholders’ Equity:
Accumulated deficit			(735,855	)			(3,186	)			(739,041	)

Total Stockholders’ Equity		$	118,702			$	(3,186	)		$	115,516

Consolidated Statement of Cash Flows- For the Year Ended December 31, 2024

(in thousands)

		As Previously Reported				Revision Adjustments				Notes				As Revised

Cash Flows From Operating Activities:
Net loss		$	(198,132	)		$	(3,186	)			(a)-(g)			$	(201,318	)
Adjustments to reconcile net loss to net cash
used in operating activities:
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization			13,407				(656	)			(a)				12,751
Loss on disposal of property and equipment			679				1,290				(d)				1,969
Provision for slow moving and obsolete inventory			2,352				1,672				(c)				4,024
Changes in operating assets and liabilities:															-
Accounts receivable			(2,036	)			1,130				(f)				(906	)
Prepaid expenses and other current assets			2,231				(2,260	)			(f)				(29	)
Accounts payable, accrued expenses, and other current liabilities			(4,930	)			1,162				(b), (e), (f)				(3,768	)
Other liabilities			815				5,543				(f)				6,358
Deferred revenue			2,327				(5,824	)			(f)				(3,497	)

Total Adjustments			150,970				2,057								153,027

Net Cash Used In Operating Activities			(47,162	)			(1,129	)							(48,291	)

Cash Flows From Investing Activities:
Proceeds from government grants			-				1,129				(f)				1,129

Net Cash Provided By Investing Activities			4,148				1,129								5,277