5. LEASES

OPERATING AND FINANCE LEASES

Total operating lease expenses for the three and six months ended June 30, 2026 were $839 and $1,654, respectively. Of these amounts, $568 and $994, respectively, were recorded in other operating expenses and $271 and $660, respectively, were recorded in cost of car-sharing revenue on the condensed consolidated statements of operations. Total operating lease expenses for the three and six months ended June 30, 2025 were $1,063 and $2,024, respectively. Of these amounts, $629 and $1,230, respectively, were recorded in other operating expenses and $434 and $794, respectively, were recorded in cost of car-sharing revenue on the condensed consolidated statements of operations. Operating lease expenses consist of rent expense, common area maintenance adjustments and other expenses. 

In June 2026, the Company terminated its lease for its facility located at 17301 Melford Boulevard, Bowie, Maryland and accrued a lease termination fee. The Company derecognized the operating lease right-of-use asset and corresponding lease liabilities and recognized a gain on lease termination of $193 within other operating expenses during the three and six months ended June 30, 2026.

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, 2026 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)

5. LEASES – CONTINUED

SUBLEASE

In January 2026, the Company commenced a sublease of a portion of its facility located at 5081 Howerton Way, Bowie, Maryland. The sublease has a term through March 31, 2031, and rent commenced February 1, 2026 following an initial abatement period. Under the sublease, aggregate base rental income is approximately $2,286 over the sublease term. In connection with the sublease, the Company received from the sublessee an irrevocable letter of credit of approximately $70, equal to the first and last months’ base rent, as security for the sublessee’s obligations under the sublease. The letter of credit is reducible to approximately $26 on the second anniversary of the rent commencement date, subject to no defaults.

The following table presents future undiscounted sublease lease payments to be received as of June 30, 2026:

SCHEDULE OF FUTURE UNDISCOUNTED SUBLEASE LEASE PAYMENTS