[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes [X] No [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes [ ] No [X]

As of November ~~09, 2018,~~8, 2019, the registrant had ~~25,719,585~~26,318,382 shares of common stock outstanding.

	September 30, 2018			December 31, 2017
	(unaudited)						September 30, 2019			December 31, 2018
							(unaudited)
Assets

Current Assets:
Cash and Cash Equivalents	$	21,304,407		$	185,151
Cash							$	7,987,019		$	15,538,849
Marketable securities								3,032,399			2,878,664
Accounts receivable and other receivables, net		207,122			227,918			312,889			168,169
Inventory, net		765,870			247,466			1,297,166			1,235,334
Current portion of operating lease right-of-use asset		95,866			-
Prepaid expenses and other current asset		866,219			108,352			1,007,032			839,520

Total Current Assets		23,239,484			768,887			13,636,505			20,660,536

Property and equipment, net		350,106			376,920			709,218			383,567
Operating lease right-of-use asset, non-current portion		183,746			-
Operating lease right-of-use asset								361,803			439,308
Intangible assets, net		98,430			106,167			86,314			95,852
Deferred public offering costs		-			1,367,730
Other assets		64,673			67,309			67,077			71,198

Total Assets	$	23,936,439		$	2,687,013		$	14,860,917		$	21,650,461

Liabilities and Stockholders’ Equity (Deficiency)
Liabilities and Stockholders’ Equity

Current Liabilities:
Accounts payable	$	1,555,220		$	4,228,073		$	2,755,841		$	2,582,196
Accrued expenses		2,737,344			23,135,344			1,036,131			1,544,921
Accrued issuable equity		1,131,474			2,939,906			336,373			318,493
Derivative liabilities		24,240			3,448,390
Current portion of convertible notes payable		-			50,000
Convertible notes payable - related party		-			747,567
Notes payable		337,966			597,966			10,000			287,966
Current portion of operating lease liabilities		95,866			-			219,001			151,997
Current portion of deferred revenue		401,458			383,771			252,935			357,048

Total Current Liabilities		6,283,568			35,531,017			4,610,281			5,242,621

Convertible notes payable, non-current portion, net of debt discount of $0 and $499,435 as of September 30, 2018 and December 31, 2017, respectively		-			3,200,096
Operating lease liabilities, non-current portion		187,548			-			183,289			299,733
Deferred revenue, non-current portion		18,456			50,283			2,807			13,878

Total Liabilities		6,489,572			38,781,396			4,796,377			5,556,232

Series B Convertible Preferred Stock, 10,000 shares designated, 0 and 8,250 issued and outstanding as of September 30, 2018 and December 31, 2017, respectively		-			825,000
Series B Convertible Preferred Stock, 10,000 shares designated, 0 issued and outstanding as of September 30, 2019 and December 31, 2018								-			-

Commitments and contingencies
Commitments and contingencies (Note 11)

Stockholders’ Equity (Deficiency):
Stockholders’ Equity:
Preferred stock, $0.001 par value, 40,000,000 shares authorized;
Series A Convertible Preferred Stock, 20,000,000 shares designated, 0 and 11,000,000 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively		-			11,000
Series C Convertible Preferred Stock, 250,000 shares designated, 0 and 229,551 issued and outstanding as of September 30, 2018 and December 31, 2017, respectively		-			230
Series D Convertible Preferred Stock, 13,000 shares designated, 5,453 and 0 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively		5			-
Common stock, $0.001 par value, 500,000,000 shares authorized, 25,564,103 and 5,523,673 shares issued and outstanding as of September 30, 2018 and December 31, 2017, respectively		25,564			5,524
Series A Convertible Preferred Stock, 20,000,000 shares designated, 0 shares issued and outstanding as of September 30, 2019 and December 31, 2018								-			-
Series C Convertible Preferred Stock, 250,000 shares designated, 0 issued and outstanding as of September 30, 2019 and December 31, 2018								-			-
Series D Convertible Preferred Stock, 13,000 shares designated, 5,125 and 5,141 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively								5			5
Common stock, $0.001 par value, 500,000,000 shares authorized, 26,261,434 and 26,118,075 shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively								26,261			26,118
Additional paid-in capital		175,021,206			119,499,141			176,540,422			175,924,587
Accumulated other comprehensive income								108,169			-
Accumulated deficit		(157,599,908	)		(156,435,278	)		(166,610,317	)		(159,856,481	)

Total Stockholders’ Equity (Deficiency)		17,446,867			(36,919,383	)

Total Liabilities and Stockholders’ Equity (Deficiency)	$	23,936,439		$	2,687,013
Total Stockholders’ Equity								10,064,540			16,094,229
Total Liabilities and Stockholders’ Equity							$	14,860,917		$	21,650,461

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

Condensed Consolidated Statement of Changes in Stockholders’ Equity (Deficiency)

																																																																Total
	Convertible Preferred Stock																								Additional						Total Stockholders’			Convertible Preferred Stock																								Additional						Stockholders’
	Series A						Series C						Series D						Common Stock						Paid-In			Accumulated			(Deficiency)			Series A						Series C						Series D						Common Stock						Paid-In			Accumulated			(Deficiency)
	Shares			Amount			Shares			Amount			Shares			Amount			Shares			Amount			Capital			Deficit			Equity			Shares			Amount			Shares			Amount			Shares			Amount			Shares			Amount			Capital			Deficit			Equity

Balance - January 1, 2018		11,000,000		$	11,000			229,551		$	230			-		$	-			5,523,673		$	5,524		$	119,499,141		$	(156,435,278	)	$	(36,919,383	)		11,000,000		$	11,000			229,551		$	230			-		$	-			5,523,673		$	5,524		$	119,499,141		$	(156,435,278	)	$	(36,919,383	)

Common stock and warrants issued in public offering [1]		-			-			-			-			-			-			4,353,000			4,353			14,876,462			-			14,880,815			-			-			-			-			-			-			4,353,000			4,353			14,876,462			-			14,880,815

Common stock issued upon conversion of Series A convertible preferred stock		(11,000,000	)		(11,000	)		-			-			-			-			550,000			550			10,450			-			-			(11,000,000	)		(11,000	)		-			-			-			-			550,000			550			10,450			-			-

Common stock issued in satisfaction of Series B convertible preferred stock		-			-			-			-			-			-			223,235			223			824,777			-			825,000			-			-			-			-			-			-			223,235			223			824,777			-			825,000

Common stock issued upon conversion of Series C convertible preferred stock		-			-			(254,557	)		(255	)		-			-			9,111,644			9,112			(8,857	)		-			-			-			-			(254,557	)		(255	)		-			-			9,111,644			9,112			(8,857	)		-			-

Series D convertible preferred stock issued in satisfaction of liabilities		-			-			-			-			12,005			12			-			-			12,004,988			-			12,005,000			-			-			-			-			12,005			12			-			-			12,004,988			-			12,005,000

Common stock issued in partial satisfaction of debt and other liabilities		-			-			-			-			-			-			1,488,021			1,488			4,282,500			-			4,283,988			-			-			-			-			-			-			1,488,021			1,488			4,282,500			-			4,283,988

Warrants reclassified from derivative liabilities		-			-			-			-			-			-			-			-			36,445			-			36,445			-			-			-			-			-			-			-			-			36,445			-			36,445

Series C convertible preferred stock dividends:
Accrual of dividends earned		-			-			-			-			-			-			-			-			(607,800	)					(607,800	)		-			-			-			-			-			-			-			-			(607,800	)					(607,800	)
Payment of dividends in kind		-			-			25,006			25			-			-			-			-			2,500,575						2,500,600			-			-			25,006			25			-			-			-			-			2,500,575						2,500,600
																																	��
Stock-based compensation		-			-			-			-			-			-			932,328			932			2,664,343			-			2,665,275			-			-			-			-			-			-			932,328			932			2,664,343			-			2,665,275

Beneficial conversion feature of Series B and C convertible preferred stock		-			-			-			-			-			-			-			-			23,458,931			-			23,458,931			-			-			-			-			-			-			-			-			23,458,931			-			23,458,931

Deemed dividend related to immediate accretion of beneficial conversion of Series B and C convertible preferred stock		-			-			-			-			-			-			-			-			(23,458,931	)		-			(23,458,931	)		-			-			-			-			-			-			-			-			(23,458,931	)		-			(23,458,931	)

Contribution of capital - related party share transfer (see Note 8)		-			-			-			-			-			-			-			-			785,200			-			785,200			-			-			-			-			-			-			-			-			785,200			-			785,200

Net income		-			-			-			-			-			-			-			-			-			2,204,088			2,204,088			-			-			-			-			-			-			-			-			-			2,204,088			2,204,088

Balance - March 31, 2018		-		$	-			-		$	-			12,005		$	12			22,181,901		$	22,182		$	156,868,224		$	(154,231,190	)	$	2,659,228			-		$	-			-		$	-			12,005		$	12			22,181,901		$	22,182		$	156,868,224		$	(154,231,190	)	$	2,659,228

Common stock issued in partial satisfaction of debt and other liabilities		-			-			-			-			-			-			25,669			25			69,975			-			70,000			-			-			-			-			-			-			25,669			25			69,975			-			70,000

Common stock issued upon conversion of Series D convertible preferred stock		-			-			-			-			(4,368	)		(4	)		1,400,000			1,400			(1,396	)		-			-			-			-			-			-			(4,368	)		(4	)		1,400,000			1,400			(1,396	)		-			-

Proceeds from exercise of warrants		-			-			-			-			-			-			4,033,660			4,034			17,139,022			-			17,143,056			-			-			-			-			-			-			4,033,660			4,034			17,139,022			-			17,143,056
																																-																																	-
Return and retirement of common stock		-			-			-			-			-			-			(2,942,099	)		(2,942	)		2,942			-			-			-			-			-			-			-			-			(2,942,099	)		(2,942	)		2,942			-			-
																																-																																	-
Warrants issued in satisfaction of accrued issuable equity		-			-			-			-			-			-			-			-			409,042			-			409,042			-			-			-			-			-			-			-			-			409,042			-			409,042
																																-																																	-
Net loss		-			-			-			-			-			-			-			-			-			(1,232,785	)		(1,232,785	)		-			-			-			-			-			-			-			-			-			(1,232,785	)		(1,232,785	)

Balance - June 30, 2018		-		$	-			-		$	-			7,637		$	8			24,699,131		$	24,699		$	174,487,809		$	(155,463,975	)	$	19,048,541			-		$	-			-		$	-			7,637		$	8			24,699,131		$	24,699		$	174,487,809		$	(155,463,975	)	$	19,048,541

Common stock issued upon conversion of Series D convertible preferred stock		-			-			-			-			(2,184	)		(3	)		700,000			700			(697	)		-			-			-			-			-			-			(2,184	)		(3	)		700,000			700			(697	)		-			-

Stock-based compensation		-			-			-			-			-			-			188,501			189			601,128			-			601,317			-			-			-			-			-			-			188,501			189			601,128			-			601,317

Return and retirement of common stock previously held as collateral		-			-			-			-			-			-			(23,529	)		(24	)		(67,034	)		-			(67,058	)		-			-			-			-			-			-			(23,529	)		(24	)		(67,034	)		-			(67,058	)

Net loss		-			-			-			-			-			-			-			-			-			(2,135,933	)		(2,135,933	)		-			-			-			-			-			-			-			-			-			(2,135,933	)		(2,135,933	)

Balance - September 30, 2018		-		$	-			-		$	-			5,453		$	5			25,564,103		$	25,564		$	175,021,206		$	(157,599,908	)	$	17,446,867			-		$	-			-		$	-			5,453		$	5			25,564,103		$	25,564		$	175,021,206		$	(157,599,908	)	$	17,446,867

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

Condensed Consolidated ~~Statement~~Statements of ~~Changes in Stockholders’ Deficiency~~

~~The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.~~

	For The Nine Months Ended						For The Nine Months Ended
	September 30,						September 30,
	2018			2017			2019			2018
Cash Flows From Operating Activities
Cash Flows From Operating Activities:
Net loss	$	(1,164,630	)	$	(101,134,331	)	$	(6,753,836	)	$	(1,164,630	)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization		290,181			323,186			210,042			290,181
Accretion of interest expense		-			239,711
Amortization of discount on convertible debt		528,929			1,863,680			-			528,929
Change in fair value of derivative and other accrued liabilities		(4,997,721	)		72,882,216			(91,603	)		(4,997,721	)
Loss on inducement		-			7,570,581
Dividend and interest income								(45,566	)		-
Provision for bad debt		80,845			38,275			91,507			80,845
Gain on settlement of debt								(310,000	)		-
Loss on settlement reserve		127,941			-			-			127,941
Loss on settlement of liabilities for equity		2,136,860			-			-			2,136,860
Gain on settlement of liabilities to JMJ for equity		(5,800,175	)		-			-			(5,800,175	)
Interest expense - related party share transfer (see Note 9)		785,200			-
Interest expense - related party share transfer								-			785,200
Provision for slow moving and obsolete inventory								189,243			-
Loss on disposal of property and equipment								72,985			12,698
Gain on settlement of accounts payable, net		(920,352	)		(22,914	)		(253,607	)		(920,352	)
Loss on deconsolidation of 350 Green		-			97,152
Loss on disposal of property and equipment		12,698			-
Non-compliance penalty for SEC registration requirement		-			73,498
Non-cash compensation:
Common stock		3,512,558			670,003			380,399			3,512,558
Options		58,664			155,938			210,763			58,664
Warrants		114,069			606,891			-			114,069
Changes in operating assets and liabilities:
Accounts receivable and other receivables		(60,049	)		(69,354	)		(236,227	)		(60,049	)
Inventory		(482,496	)		160,829			(595,291	)		(482,496	)
Prepaid expenses and other current assets		(824,925	)		(27,781	)		(167,512	)		(824,925	)
Other assets		2,636			49,536			4,121			2,636
Accounts payable and accrued expenses		(3,970,155	)		14,743,743			35,354			(3,970,155	)
Deferred revenue		(14,140	)		(240,880	)		(115,184	)		(14,140	)

Total Adjustments		(9,419,432	)		99,114,310			(620,576	)		(9,419,432	)

Net Cash Used in Operating Activities		(10,584,062	)		(2,020,021	)		(7,374,412	)		(10,584,062	)

Cash Flows From Investing Activities
Cash Flows From Investing Activities:
Purchases of property and equipment		(37,711	)		(12,681	)		(177,418	)		(37,711	)

Net Cash Used In Investing Activities		(37,711	)		(12,681	)		(177,418	)		(37,711	)

Cash Flows From Financing Activities
Cash Flows From Financing Activities:
Proceeds from sale of common stock in public offering [1]		16,243,055			-			-			16,243,055
Payment of public offering costs		(1,190,082	)		-			-			(1,190,082	)
Payments of deferred offering costs		-			(38,263	)
Payments of debt issuance costs		-			(72,945	)
Bank overdrafts, net		-			84,144
Proceeds from issuance of convertible note payable		-			1,550,100
Proceeds from issuance of notes payable to non-related party								-			55,000
Proceeds from exercise of warrants		17,143,056			-			-			17,143,056
Proceeds from issuance of notes payable to non-related party		55,000			260,000
Proceeds from advance from a related party		250,000			257,645			-			250,000
Repayment of notes and convertible notes payable		(760,000	)		(4,815	)		-			(760,000	)

Net Cash Provided by Financing Activities		31,741,029			2,035,866			-			31,741,029

Net Increase In Cash		21,119,256			3,164
Net (Decrease) Increase In Cash								(7,551,830	)		21,119,256

Cash - Beginning of Period		185,151			5,898			15,538,849			185,151

Cash - End of Period	$	21,304,407		$	9,062		$	7,987,019		$	21,304,407

[1] Includes gross proceeds of $18,504,320, less issuance costs of $2,261,265 deducted directly from the offering proceeds.

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

	For The Nine Months Ended						For The Nine Months Ended
	September 30,						September 30,
	2018			2017			2019			2018
Supplemental Disclosures of Cash Flow Information:
Cash paid during the periods for:
Interest expense	$	36,132		$	44		$	-		$	36,132

Non-cash investing and financing activities:
Common stock issued in partial satisfaction of debt and other liabilities	$	4,353,988		$	-		$	-		$	4,353,988
Reduction of additional paid-in capital for public offering issuance costs that were previously paid	$	(172,158	)	$	-		$	-		$	(172,158	)
Common stock issued upon conversion of Series A convertible preferred stock	$	11,000		$	-		$	-		$	11,000
Common stock issued in satisfaction of Series B convertible preferred stock	$	825,000		$	-		$	-		$	825,000
Common stock issued upon conversion of Series C convertible preferred stock	$	255		$	-		$	-		$	255
Common stock issued upon conversion of Series D convertible preferred stock	$	7		$	-		$	5		$	7
Issuance of common stock for services previously accrued	$	-		$	181,924
Restricted stock issued in satisfaction of accrued issuable equity							$	252,358		$	-
Warrants issued in satisfaction of accrued issuable equity	$	409,042		$	-		$	-		$	409,042
Return and retirement of common stock	$	2,942		$	-		$	(8	)	$	2,942
Warrants reclassified from derivative liabilities	$	36,445		$	-		$	-		$	36,445
Accrual of contractual dividends on Series C Convertible Preferred Stock	$	607,800		$	2,374,300		$	-		$	607,800
Issuance of Series C Convertible Preferred Stock in satisfaction of contractual dividends	$	2,500,600		$	2,731,500		$	-		$	2,500,600
Issuance of Series C Convertible Preferred Stock in satisfaction of public information fee	$	-		$	3,023,500
Issuance of Series C Convertible Preferred Stock in satisfaction registration rights penalty	$	-		$	1,245,500
Accrual of warrant obligation in connection with issuance of notes payable	$	-		$	8,616
Issuance of Series C Convertible Preferred Stock in satisfaction
Transfer of inventory to property and equipment	$	(35,908	)	$	(19,029	)	$	(344,217	)	$	(35,908	)
Accrual of deferred public offering costs	$	-		$	407,679
Issuance or accrual of common stock, warrants and embedded conversion options as debt discount in connection with the issuance of notes payable	$	-		$	1,382,224
Change in fair value of marketable securities							$	108,169		$	-
Series D convertible preferred stock issued in satisfaction of liabilities	$	12,005,000		$	-		$	-		$	12,005,000
Issuance of common stock in exchange for warrants	$	-		$	46,387,833		$	-		$	-
Return and retirement of common stock previously held as collateral	$	67,058		$	-		$	-		$	67,058

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

Blink Charging Co., through its wholly-owned subsidiaries (collectively, the “Company” or “Blink”), is a leading owner, operator, and provider of electric vehicle (“EV”) charging equipment and networked EV charging services. Blink offers both residential and commercial EV charging equipment, enabling EV drivers to easily recharge at various location types.

Blink’s principal line of products and services is its Blink EV charging network (the “Blink Network”) and EV charging equipment, also known as electric vehicle supply equipment (“EVSE”) and EV-related services. The Blink Network is a proprietary cloud-based software that operates, maintains, and tracks ~~all of~~ the Blink EV charging stations and ~~the~~their associated charging data. The Blink Network provides property owners, managers, and parking companies (“Property Partners”) with cloud-based services that enable the remote monitoring and management of EV charging stations, and payment processing, and provides EV drivers with vital station information including station location, availability, and applicable fees.

Blink offers its Property Partners a range of business models for EV charging equipment and ~~services.~~services that generally fall into one of the three business models below.

The Company has strategic partnerships across numerous transit/destination locations, including airports, auto dealers, healthcare/medical, hotels, mixed-use, municipal locations, multifamily residential and condos, parks and recreation areas, parking lots, religious institutions, restaurants, retailers, schools and universities, stadiums, supermarkets, transportation hubs, and workplace locations. At September 30, 2019, theCompany has sold or deployed a total of approximately 14,719 charging units, of which,5,014 were level 2 commercial charging units, 105 were DC fast charging units and 1,563 were residential charging units. Included in the above total number are approximately 391 level 2 units deployed on other networks and 7,646 non-networked, residential charging units.

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 of Regulation S-X. Accordingly, they do not include all of the information and disclosures required by U.S. GAAP for complete financial statements. In the opinion of management, such statements include all adjustments (consisting only of normal recurring items) which are considered necessary for a fair presentation of the condensed consolidated financial statements of the Company as of September 30, 2019 and 2018 and for the three and nine months then ended. The results of operations for the three and nine months ended September 30, ~~2018~~2019 are not necessarily indicative of the operating results for the full year ending December 31, ~~2018~~2019 or any other period. These unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and related disclosures of the Company as of December 31, ~~2017~~2018 and for the year then ended, which were filed with the Securities and Exchange Commission (“SEC”) on April 1, 2019 as part of the Company’s Annual Report on Form ~~10-K on April 17, 2018, as amended on May 10, 2018.~~10-K.

Effective August 29, 2017, pursuant to authority granted by the stockholders of the Company, the Company implemented a 1-for-50 reverse split of the Company’s issued and outstanding common stock (the “Reverse Split”). The number of authorized shares remains unchanged. All share and per share information has been retroactively adjusted to reflect the Reverse Split for all periods presented, unless otherwise indicated.

The Company’s significant accounting policies are disclosed in Note 2 – Summary of Significant Accounting Policies in the Company’s Annual Report on Form 10-K for the year ended December 31, 2017. Since the date of the Annual Report, there have been no material changes to the Company’s significant accounting policies, except as disclosed below.

As of September 30, 2018, the Company had cash, working capital and an accumulated deficit of $21,304,407, $16,955,916 and $157,599,908, respectively. During the three and nine months ended September 30, 2018, the Company had a net loss of $2,135,933 and $1,164,630, respectively.

2. ~~SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES – CONTINUED~~GOING CONCERN AND MANAGEMENT’S PLANS

~~On February 16, 2018,~~As of September 30, 2019, the Company ~~closed its underwritten public offering~~had cash, marketable securities, working capital and an accumulated deficit of ~~an aggregate 4,353,000 shares~~$7,987,019, $3,032,399, $9,026,224 and $166,610,317, respectively. During the three and nine months ended September 30, 2019, the Company incurred net losses of ~~the Company’s common stock~~$2,622,989 and warrants to purchase an aggregate of 8,706,000 shares of common stock at a combined public offering price of $4.25 per unit comprised of one share and two warrants. The Public Offering resulted in $18,504,320 and $14,880,815 of gross and net proceeds, respectively, including underwriting discounts, commissions and other offering expenses of $3,623,505, which was recorded as a reduction of additional paid-in capital. Furthermore, during$6,753,836, respectively. During the nine months ended September 30, ~~2018,~~2019, the Company ~~issued an aggregate~~used cash in operating activities of ~~4,033,660 shares of~~$7,374,412. These conditions raise substantial doubt about the Company’s ~~common stock pursuant~~ability to the exercise of warrants at an exercise price of $4.25 per share for aggregate gross proceeds of $17,143,056. See Note 8 – Stockholders’ Equity – Public Offering and Warrant Issuances for additional details.

~~The Company believes its current cash on hand is sufficient to meet its operating and capital requirements for at least twelve months from~~continue as a going concern within a year after the issuance date of these financial statements. ~~Thereafter,~~The Company expects to have the Company may need to raise further capital through the sale of additional equity or debt securities or other debt instruments to support its future operations. The Company’s operating needs include the planned costs to operate its business, including amountscash required to fund ~~working capital and capital expenditures. The Company’s future capital requirements and~~its operations into the ~~adequacy~~third quarter of ~~its available funds will depend on many factors, including~~2020 while it continues to apply efforts to raise additional capital.

Since inception, the Company’s ~~ability~~operations have primarily been funded through proceeds received in equity and debt financings. Although management believes that the Company has access to ~~successfully commercialize its products~~capital resources, there are currently no commitments in place for new financing at this time and ~~services, competing technological and market developments, and~~there is no assurance that the ~~need~~Company will be able to ~~enter into collaborations with other companies or acquire other companies or technologies to enhance or complement its product and service offerings.~~

obtain funds on commercially acceptable terms, if at all. There is also no assurance that the amount of funds the Company might raise will enable the Company to complete its development initiatives or attain profitable operations. If the Company is unable to obtain additional financing on a timely basis, it may have to curtail its development, marketing and promotional activities, which would have a material adverse effect on the Company’s business, financial condition and results of operations, and ultimately the Company could be forced to discontinue its operations and liquidate.

The Company’s operating needs include the planned costs to operate its business, including amounts required to fund working capital and capital expenditures. The Company’s future capital requirements and the adequacy of its available funds will depend on many factors, including the Company’s ability to successfully commercialize its products and services, competing technological and market developments, and the need to enter into collaborations with other companies or acquire other companies or technologies to enhance or complement its product and service offerings.

The accompanying condensed consolidated financial statements have been prepared in conformity with U.S. GAAP, which contemplate continuation of the Company as a going concern and the realization of assets and satisfaction of liabilities in the normal course of business. The condensed consolidated financial statements do not include any adjustment that might become necessary should the Company be unable to continue as a going concern.

Since the Annual Report for the year ended December 31, 2018, there have been no material changes to the Company’s significant accounting policies, except as disclosed in this note.

The Company considers all highly liquid investments purchased with an original maturity of three months or less to be cash equivalents in the condensed consolidated financial statements. The Company has cash on deposits in several financial institutions which, at times, may be in excess of Federal Deposit Insurance Corporation (“FDIC”) insurance limits. The Company has not experienced losses in such accounts and periodically evaluates the creditworthiness of its financial institutions. The Company reduces its credit risk by placing its cash and cash equivalents with major financial institutions. As of September 30, ~~2018,~~2019, the Company had cash balances in excess of FDIC insurance limits of ~~$20,667,432 of which $18,024,063 was held in a money market account at a financial institution at September 30, 2018. No funds were held in money market accounts at December 31, 2017.~~$7,651,611.

~~On January 1, 2018,~~Available-for-sale securities are recorded at fair value with the net unrealized gains and losses (that are deemed to be temporary) reported as a component of other comprehensive income (loss). Realized gains and losses and charges for other-than-temporary impairments are included in determining net income, with related purchase costs based on the first-in, first-out method. The Company adopted Accounting Standards Codification (“ASC”) Topic 606, “Revenue from Contracts with Customers” (“ASC 606”). The core principle of ASC 606 requires that an entity recognize revenue to depictevaluates its available-for-sale-investments for possible other-than-temporary impairments by reviewing factors such as the ~~transfer of promised goods or services to customers in an amount that reflects the consideration~~extent to which, and length of time, an investment’s fair value has been below the ~~company expects~~Company’s cost basis, the issuer’s financial condition, and the Company’s ability and intent to ~~be entitled~~hold the investment for sufficient time for its market value to recover. For impairments that are other-than-temporary, an impairment loss is recognized in ~~exchange~~earnings equal to the difference between the investment’s cost and its fair value at the balance sheet date of the reporting period for ~~those goods or services. ASC 606 defines a five-step process to achieve this core principle~~which the assessment is made. The fair value of the investment then becomes the new amortized cost basis of the investment and ~~in doing so,~~ it is ~~possible more judgment and estimates may be required within the revenue recognition process than required under existing accounting principles generally accepted~~not adjusted for subsequent recoveries in the United States of America (“U.S. GAAP”) including identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation.fair value.

The Company adopted ASC 606 for all applicable contracts using the modified retrospective method, which would have required a cumulative-effect adjustment, if any, as of the date of adoption. The adoption of ASC 606 did not have a material impact on the Company’s condensed consolidated financial statements as of the date of adoption. As a result, a cumulative-effect adjustment was not required.

The following summarizes our investments as of September 30, 2019 and December 31, 2018:

The following is a summary of the unrealized gains, and fair value by investment type as of September 30, 2019 and December 31, 2018:

The Company recognizes revenue primarily from ~~five~~four different types of contracts:

The following table summarizes ~~our~~ revenue recognized under ASC 606 in ~~our~~the condensed consolidated statements of operations:

	For The Three Months Ended				For The Nine Months Ended				For The Three Months Ended				For The Nine Months Ended
	September 30,				September 30,				September 30,				September 30,
	2018		2017		2018		2017		2019		2018		2019		2018

Revenues - Recognized at a Point in Time
Revenues - Recognized at a Point in Time:
Charging service revenue - company-owned charging stations	$	320,388	$	295,202	$	927,485	$	879,428	$	317,990	$	320,388	$	937,870	$	927,485
Product sales		102,958		157,264		381,557		367,808		319,254		102,958		704,472		381,557
Other		36,135		43,367		131,795		122,937		34,148		36,135		122,408		131,795
Total Revenues - Recognized at a Point in Time		459,481		495,833		1,440,837		1,370,173		671,392		459,481		1,764,750		1,440,837

Revenues - Recognized Over a Period of Time:
Warranty		25,099		36,484		89,458		103,188
Network fees		55,540		59,604		168,825		168,334
Network fees and other										88,516		80,639		275,137		258,283
Total Revenues - Recognized Over a Period of Time		80,639		96,088		258,283		271,522		88,516		80,639		275,137		258,283

Total Revenue Under ASC 606	$	540,120	$	591,921	$	1,699,120	$	1,641,695	$	759,908	$	540,120	$	2,039,887	$	1,699,120

The timing of the Company’s revenue recognition may differ from the timing of payment by its customers. A receivable is recorded when revenue is recognized prior to payment and the Company has an unconditional right to payment. Alternatively, when payment precedes the provision of the related goods or services, the Company records deferred revenue until the performance obligations are satisfied.

As of September 30, ~~2018,~~2019, the Company had ~~$307,134~~$167,118 related to contract liabilities where performance obligations have not yet been satisfied, which has been included within deferred revenue on the condensed consolidated balance sheet as of September 30, ~~2018.~~2019. The Company expects to satisfy its remaining performance obligations for network fees and warranty revenue and recognize the revenue within the next twelve months.

During the three and nine months ended September 30, ~~2018,~~2019, the Company recognized ~~$67,511~~$85,674 and ~~$237,511,~~$260,823, respectively of revenues related to network fees and warranty contracts, ~~and product sales,~~ which ~~was~~were included in deferred revenues as of December 31, ~~2017.~~2018.

During the three and nine months ended September 30, ~~2018,~~2019, there was no revenue recognized from performance obligations satisfied (or partially satisfied) in previous periods. ~~The Company has electednot to disclose information about remaining performance obligations pertaining to contracts with an original expected length of one year or less, as permitted under guidance.~~

Grants, rebates and ~~rebates,~~alternative fuel credits, which are not within the scope of ASC 606, pertaining to revenues and periodic expenses are recognized as income when the related revenue and/or periodic expense are recorded. Grants and rebates related to EV charging stations and their installation are deferred and amortized in a manner consistent with the related depreciation expense of the related asset over their useful lives over the useful life of the charging station. During the three months ended September 30, 2019 and 2018, the Company recorded $4,578 and $6,724, respectively, related to grant, rebate and alternative fuel credits revenue. During the nine months ended September 30, 2019 and 2018, the Company recorded ~~$6,724~~$17,817 and $68,062, respectively, related to grant, rebate and ~~rebate~~alternative fuel credits revenue. ~~During the three and nine months ended September 30, 2017, the Company recorded $14,978 and $93,798, respectively, related to grant and rebate revenue.~~

At September 30, ~~2018~~2019 and December ~~31,2017, $112,780~~31, 2018, there was $88,248 and ~~$181,913~~$106,066, respectively, of deferred grant and rebate revenue to be amortized.

As of September 30, 2019, and December 31, 2018, accounts receivable from a significant customer was 31% and 35% of accounts receivable, respectively. During the three months ended September 30, 2019 sales to a significant customer represented 12% of the Company’s total revenues and represented 29% of product sales. During the nine months ended September 30, 2019 the same customer represented 13% of product sales. During the three months ended September 30, 2019 and 2018 ~~one~~another significant customer ~~accounted for 11%~~represented 17% and 19% of charging service revenues and less than 10% and 11% of total revenues, respectively. During the ~~three and~~ nine months ended September 30, ~~2017, revenues generated from one~~2019 and 2018 the same customer represented ~~approximately 10%~~18% and 17% of the Company’s total revenue. As of September 30, 2018 and December 31, 2017, accounts receivable from this same customer amounted to less 10% of total accounts receivable. As of September 30, 2018 and December 31, 2017, accounts receivable from another significant customer were approximately 44% and 32%, respectively, of total accounts receivable.

In February 2016, the Financial Accounting Standards Board (“FASB”) issued a new standard related to leases to increase transparency and comparability among organizations by requiring the recognition of operating lease right-of-use (“ROU”) assets and lease liabilities on the balance sheet. Most prominent among the changes in the standard is the recognition of ROU assets and lease liabilities by lessees for those leases classified as operating leases. Under the standard, disclosures are required to meet the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. The Company is also required to recognize and measure new leases at the adoption date and recognize a cumulative-effect adjustment in the period of adoption using a modified retrospective approach, with certain practical expedients available.

The Company early adopted Accounting Standard Codification No. (“ASC”) 842 effective July 1, 2018 and elected to apply the available practical expedients and implemented internal controls and key system functionality to enable the preparation of financial information on adoption. The standard had an impact on the Company’s condensed consolidated balance sheets but did not have an impact on the Company’s condensed consolidated statements of operations or condensed consolidated statements of cash flows. The most significant impact was the recognition of ROU assets and lease liabilities for operating leases, while the Company’s accounting for finance leases remained substantially unchanged. The adoption of ASC 842 did not have a material impact in prior periods of the current year and prior year comparative periods and as a result, a cumulative-effect adjustment was not required.

~~The Company provides~~ charging services at designated locations on the hosts property at which the charging station is situated. In consideration thereof, the host shares in the monthly revenue generated by the charging station on percentage basis. As the charging station monthly revenue generated is variable, the host’s monthly revenue derived there from is similarly variable. In accordance with ASC 842 the hosts’ portion of revenue is variable and not predicated on an index or rate, as defined, these payments are not within the scope ASC 842.service revenues, respectively.

The Company measures the cost of services received in exchange for an award of equity instruments based on the fair value of the award. For employees and non-employees, the fair value of the award is measured on the grant date. The fair value amount is then recognized over the period during which services are required to be provided in exchange for the award, usually the vesting period. The Company computes the fair value of equity-classified warrants and options granted using the Black-Scholes option pricing model.

Basic net loss per common share is computed by dividing net loss attributable to common shareholders by the weighted average number of common shares outstanding during the period. Diluted net loss per common share is computed by dividing net loss attributable to common shareholders by the weighted average number of common shares outstanding, plus the number of additional common shares that would have been outstanding if the common share equivalents had been issued (computed using the treasury stock or if converted method), if dilutive.

For the three and nine months ended September 30, ~~2018~~2019 and ~~2017,~~2018, the Company calculated the potential diluted earnings per share in accordance with ASC 260, as follows:

The following common share equivalents are excluded from the calculation of weighted average common shares outstanding because their inclusion would have been anti-dilutive:

					For the Three and Nine Months Ended
	September 30,				September 30,
	2018		2017		2019		2018
Convertible preferred stock		1,747,756		2,884,383		1,642,628		1,747,756
Warrants		6,852,861		266,143		6,840,049		6,852,861
Options		106,108		147,300		128,008		106,108
Convertible notes		-		19,856
Total potentially dilutive shares		8,706,725		3,317,682		8,610,685		8,706,725

Certain prior year balances have been reclassified in order to conform to current year presentation. These reclassifications have no effect on previously reported results of operations or loss per share.

In June 2018, the FASB issued Accounting Standards Update (“ASU”) No. 2018-07, “Compensation — Stock Compensation (Topic 718),” (“ASU 2018-07”). ASU 2018-07 is intended to reduce cost and complexity and to improve financial reporting for nonemployee share-based payments. Currently, the accounting requirements for nonemployee and employee share-based payment transactions are significantly different. ASU 2018-07 expands the scope of Topic 718, Compensation — Stock Compensation (which currently only includes share-based payments to employees) to include share-based payments issued to nonemployees for goods or services. Consequently, the accounting for share-based payments to nonemployees and employees will be substantially aligned. This ASU supersedes Subtopic 505-50, Equity — Equity-Based Payments to Nonemployees. The amendments in this ASU are effective for fiscal years beginning after December 15, 2018, and interim periods within that fiscal year. Early adoption is permitted, but no earlier than a company’s adoption date of Topic 606, Revenue from Contracts with Customers. The Company early adopted ASU 2018-07 effective April 1, 2018. The adoption of ASU 2018-07 did not have a material impact on the Company’s condensed consolidated financial statements.

In July 2018, the FASB issued Accounting Standards Update No. 2018-10, “Codification Improvements to Topic 842, Leases,” (“ASU 2018-10”). The amendments in ASU 2018-10 are to address stakeholders’ questions about how to apply certain aspects of the new guidance in ASC 842. The clarifications address the rate implicit in the lease, impairment of the net investment in the lease, lessee reassessment of lease classification, lessor reassessment of lease term and purchase options, variable payments that depend on an index or rate and certain transition adjustments. The amendments in ASC Topic 842 are effective for public business entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. The Company early adopted ASU 2018-10, along with ASC 842, effective July 1, 2018. The adoption of ASU 2018-10 did not have a material impact on the Company’s condensed consolidated financial statements.

In ~~July 2018,~~June 2016, the ~~FASB~~Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. ~~2018-11, “Leases~~2016-13, Financial Instruments—Credit Losses (Topic ~~842)~~326): ~~Targeted Improvements,”~~Measurement of Credit Losses on Financial Instruments (“ASU ~~2018-11”~~2016-13”) and also issued subsequent amendments to the initial guidance: ASU 2018-19, ASU 2019-04, and ASU 2019-05 (collectively, “Topic 326”). ~~The amendments in ASU 2018-11 related to transition relief on comparative reporting at adoption affect all entities with lease contracts that choose the additional transition method~~Topic 326 requires measurement and ~~separating components~~recognition of ~~a contract affect only lessors whose lease contracts qualify~~expected credit losses for ~~the practical expedient. The amendments in ASC Topic 842 are effective for public business entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years.~~financial assets held. The Company will be required to adopt the provisions of this ASU on January 1, 2020, with early ~~adopted ASU 2018-11, along with ASC 842, effective July 1, 2018. The~~ adoption ~~of ASU 2018-11 did not have a material impact on the Company’s condensed consolidated financial statements.~~

In August 2018, the FASB issued Accounting Standards Update No. 2018-13, “Fair Value Measurement (Topic 820): Disclosure Framework—Changes to the Disclosure Requirements for Fair Value Measurement (“ASU 2018-13”). The amendments in ASU 2018-13 modify the disclosure requirements on fair value measurements based on the concepts in the Concepts Statement, including the consideration of costs and benefits. The amendments on changes in unrealized gains and losses, the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements, and the narrative description of measurement uncertainty should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented upon their effective date. The amendments are effective for all entities for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period.permitted. The Company is currently ~~evaluating ASU 2018-13 and its~~assessing the impact that this pronouncement will have on its condensed consolidated financial statements.

In April 2019, the FASB issued ASU No. 2019-04, Codification Improvements to Topic 326, Financial Instruments - Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments (“ASU 2019-04”). The new ASU provides narrow-scope amendments to help apply these recent standards. The Company will be required to adopt the provisions of this ASU on January 1, 2020, with early adoption permitted for certain amendments. The Company is currently assessing the impact that this pronouncement will have on its condensed consolidated financial statements.

~~During the nine months ended~~As of September 30, ~~2018,~~2019, the Company ~~entered into~~had remaining purchase commitments to acquire second generation charging stations and other equipment with an aggregate value of ~~$3,156,629.~~$2,067,956. The Company has ~~an aggregate~~a remaining deposit of ~~$792,204 for these~~$175,235 against second generation charging stations which is included within prepaid expenses and other current assets on the ~~Company’s~~ condensed consolidated balance sheet as of September 30, ~~2018. As of September 30, 2018, the Company had a~~2019. The net remaining ~~purchase~~ commitment of ~~$2,512,010, which~~$1,262,165 will become ~~payable~~due upon ~~the supplier’s~~ delivery of the charging stations.~~The purchase commitments were made primarily for future sales of these charging stations.~~

	September 30, 2018		December 31, 2017		September 30, 2019		December 31, 2018
	(unaudited)				(unaudited)
Accrued taxes payable					$	613,245	$	556,211
Accrued host fees	$	1,251,553	$	1,657,663		57,011		54,527
Accrued professional, board and other fees		182,581		2,683,557		84,500		159,500
Accrued wages		373,898		1,016,563		233,961		493,069
Accrued commissions		2,300		883,763		-		22,300
Warranty payable		121,000		171,000		25,000		9,700
Accrued taxes payable		646,841		551,190
Accrued payroll taxes payable		-		632,078
Accrued interest expense		32,034		347,027		-		32,034
Accrued lease termination costs		-		300,000
Accrued settlement reserve costs		-		12,980,588
Dividend payable		-		1,892,800
Inventory in transit						-		195,480
Other accrued expenses		127,137		19,115		22,414		22,100
Total accrued expenses	$	2,737,344	$	23,135,344	$	1,036,131	$	1,544,921

The Company provides a limited product warranty against defects in materials and workmanship for its Blink Network residential and commercial chargers, ranging in length from one to two years. The Company accrues for estimated warranty costs at the time of revenue recognition and records the expense of such accrued liabilities as a component of cost of sales. Estimated warranty costs are based on historical product data and anticipated future costs. Should actual cost to repair and failure rates differ significantly from estimates, the impact of these unforeseen costs would be recorded as a change in estimate in the period identified. For the nine months ended September 30, 2019, the change in reserve was approximately $15,000. Warranty expenses for the three and nine months ended September 30, 2019 and 2018 were $152,218 and $324,633 and $121,957 and $271,686, respectively, which has been included within cost of revenues on the condensed consolidated statements of operations. As of September 30, 2019, and December 31, 2018, the Company recorded a warranty liability of $25,000 and $9,700, respectively, representing the estimated cost to repair those chargers under warranty or host owned chargers for which the host has procured a maintenance contract. The Company records maintenance and repairs expenses for chargers it owns deployed at host locations as incurred. The Company estimates an approximate cost of $209,000 to repair those deployed chargers which it owns as of September 30, 2019.

See Note 11 – Commitments and Contingencies – Litigation and Disputes for additional information.

On June 8, 2017, the Board approved aggregate compensation of $490,173, compromised of $344,311 to be paid in cash and $145,862 to be paid in units, consisting of shares of the Company’s common stock and warrants (with each such warrant having an exercise price equal to the price per unit of the units sold in the public offering) at a 20% discount to the price per unit sold in the public offering to be paid to members of the Board based on the accrued amounts owed to such Board members as of March 31, 2017. The compensation will be paid by the third business day following: (i) a public offering of the Company’s securities; and (ii) the listing of the Company’s shares of common stock on the NASDAQ or other national securities exchange. During the nine months ended September 30, 2018, the Company paid $344,311 in cash and issued 80,704 shares of common stock with an issuance date fair value of $314,414.

~~See Note 8 – Stockholders’ Equity – Warrant Issuances. See Note 11 – Commitments and Contingencies – Taxes.~~

~~On April 3, 2018, the Company issued 25,668 shares of common stock with an issuance date fair value of $70,000 in settlement of a liability.~~

~~On April 9, 2018, the Company issued warrants to purchase 1,030,115 shares of common stock with an issuance date fair value of $247,360, which was included within additional paid- capital.~~

~~See Note 8 – Stockholder’s Equity – Warrant Issuances and Note 12- Subsequent Events for additional information.~~

Pursuant to a Lockup, Conversion, and Additional Investment Agreement dated October 23, 2017, as amended on November 29, 2017, January 4, 2018, and February 1, 2018 (the “JMJ Agreement”) with JMJ Financial (“JMJ”) whereby the Company and JMJ agreed to settle the current defaults under the promissory note with JMJ upon the closing of the public offering, on February 16, 2018, the Company issued 12,005 shares of Series D Convertible Preferred Stock with an issuance date fair value of $12,005,000, which represents the fair value of securities required to be issued pursuant to the JMJ Agreement, in satisfaction of aggregate liabilities previously owed to JMJ of $17,805,175, such that the Company recorded a gain on settlement of $0 and $5,800,175 on the condensed consolidated statement of operations during the three and nine months ended September 30, 2018, respectively. The Series D Convertible Preferred Stock was determined to be permanent equity on the Company’s condensed consolidated balance sheet. See Note 8 – Stockholder’s Equity – Series D Convertible Preferred Stock for additional information.

~~Separate from and unrelated to the JMJ Agreement, on January 22, 2018, JMJ advanced $250,000 to the Company (the “JMJ Advance”).~~

On February 1, 2018, the Company and JMJ entered into a letter agreement whereby the parties agreed that, concurrent with the closing of the public offering, the Company will convert the JMJ Advance into units, with each unit consisting of one share of restricted common stock and a warrant to purchase one share of restricted common stock at an exercise price equal to the exercise price of the warrants sold as part of the public offering, at a price equal to 80% of the per unit price in the public offering. On March 16, 2018, the Company issued 73,529 shares of common stock with an issuance date fair value of $205,881 to JMJ, pursuant to this agreement. On April 9, 2018, the Company issued the 147,058 warrants to purchase shares of common stock with an issuance date fair value of $35,313, which was included within additional paid-in capital.

~~See Note 9 – Related Parties – BLNK Holdings Transfers to JMJ for additional information.~~

~~On February 16, 2018 and pursuant to the closing of the public offering, the Company paid $688,238 (including principal repayments of $545,000) in satisfaction of the debt.~~

On March 16, 2018, the Company issued 74,753 shares of common stock with an issuance date fair value of $209,308 to BLNK Holdings in exchange of the principal and accrued and unpaid interest on the notes.

On February 14, 2018, the Company issued a note payable in the principal amount of $55,000. Interest on the notes accrues at a rate of 8% annually and is payable monthly. The note was repaid during the nine months ended September 30, 2018.

~~During the nine months ended September 30, 2018, in addition to the repayment of the $55,000 note discussed above, the Company made principal repayments of $160,000.~~

Interest expense for the three and nine months ended September 30, 2018 was $0 and $898,716 respectively. Interest expense for the three and nine months ended September 30, 2017 was $95,215 and $454,164, respectively.

Assumptions utilized in the valuation of Level 3 liabilities are described as follows:

	For the Three Months Ended						For the Nine Months Ended						For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,						September 30,						September 30,
	2018			2017			2018			2017			2019			2018			2019			2018

Risk-free interest rate		2.12% - 2.63	%		1.55-1.62	%		1.62% - 2.63	%		1.47%-1.62	%		1.47%-1.75	%		2.12% - 2.63	%		1.47%-2.45	%		1.62% - 2.63	%
Contractual term (years)		0.03 - 2.75			1.28-3.75			0.25-3.25			1.28-4.00			1.00-5.00			0.03 - 2.75			1.00-10.00			0.25-3.25
Expected volatility		171% - 217	%		114%-130	%		113%-217	%		114%-149	%		118%-139	%		171% - 217	%		106%-140	%		113%-217	%
Expected dividend yield		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%		0.00	%

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:

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

	September 30, 2018								September 30, 2019
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Alternative fuel credits									$	-	$	352,625	$	-	$	352,625
Marketable securities										3,032,399		-		-		3,032,399
Total assets									$	3,032,399	$	352,625	$	-	$	3,385,024

Liabilities:
Derivative liabilities	$	-	$	-	$	24,240	$	24,240
Warrants payable		-		-		2,903		2,903	$	-	$	-	$	8,610	$	8,610
Total liabilities	$	-	$	-	$	27,143	$	27,143	$	-	$	-	$	8,610	$	8,610

	December 31, 2017								December 31, 2018
	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
Assets:
Alternative fuel credits									$	-	$	331,120	$	-	$	331,120
Marketable securities										2,878,664		-		-		2,878,664
Total assets									$	2,878,644	$	331,120	$	-	$	3,209,784

Liabilities:
Derivative liabilities	$	-	$	-	$	3,448,390	$	3,448,390
Warrants payable		-		-		1,154,120		1,154,120	$	-	$	-	$	5,965	$	5,965
Total liabilities	$	-	$	-	$	4,602,510	$	4,602,510	$	-	$	-	$	5,965	$	5,965

On February 16, 2018, the Company closed its underwritten public offering of an aggregate of 4,353,000 shares of the Company’s common stock and warrants to purchase an aggregate of 8,706,000 shares of common stock at a combined public offering price of $4.25 per unit comprised of one share and two warrants. Each warrant is exercisable for five years from the date of issuance and has an exercise price equal to $4.25 per share. The public offering resulted in $18,504,320 and $14,880,815 of gross and net proceeds, respectively, including underwriting discounts, commissions and other offering expenses of $3,623,505, which was recorded as a reduction of additional paid-in capital.

The Company granted the underwriters a 45-day option to purchase up to an additional 652,950 shares of common stock and/or warrants to purchase 1,305,900 shares of common stock to cover over-allotments, if any. In connection with the closing of the public offering, the underwriters partially exercised their over-allotment option and purchased additional warrants to purchase 406,956 shares of common stock at an exercise price of $4.25 per share for aggregate gross proceeds of $4,070, or $0.01 per warrant.

On September 7, 2018, the Board of the Company , as well as a majority of the Company’s shareholders approved the Company’s 2018 Incentive Compensation Plan (the “2018 Plan”), which enables the Company to grant stock options, restricted stock, dividend equivalents, stock payments, deferred stock, restricted stock units, stock appreciation rights, performance share awards, and other incentive awards to associates, directors, consultants, and advisors of the Company and its affiliates, and to improve the ability of the Company to attract, retain, and motivate individuals upon whom the Company’s sustained growth and financial success depend, by providing such persons with an opportunity to acquire or increase their proprietary interest in the Company. Stock options granted under the 2018 Plan may be non-qualified stock options or incentive stock options, within the meaning of Section 422(b) of the Internal Revenue Code of 1986, except that stock options granted to outside directors and any consultants or advisers providing services to the Company or an affiliate shall in all cases be non-qualified stock options. The option price must be at least 100% of the fair market value on the date of grant and if issued to a 10% or greater shareholder must be at least 110% of the fair market value on the date of the grant.

The 2018 Plan is to be administered by the Compensation Committee of the Board, which shall have discretion over the awards and grants thereunder. The aggregate maximum number of shares of common stock for which stock options or awards may be granted pursuant to the 2018 Plan is 5,000,000, adjusted as provided in Section 4 of the 2018 Plan. No awards may be issued on or after September 7, 2028. As of September 30, 2018, the Company issued 188,501 shares of restricted common stock pursuant the 2018 Plan to members of our Board of Directors and Management. As of September 30, 2018, there were 4,811,499 securities available for future issuance under the 2018 Plan.

On March 22, 2018, pursuant to letter agreements dated December 6, 2017 and December 7, 2017, the Company issued 550,000 shares of common stock upon automatic conversion of 11,000,000 shares of Series A Convertible Preferred Stock.

On March 16, 2018, pursuant to a conversion agreement dated May 19, 2017, the Company issued 223,235 shares of common stock upon automatic conversion of 8,250 shares of Series B Convertible Preferred Stock with a value of $825,000. The Company determined that the Series B Convertible Preferred Stock included a beneficial conversion feature since the commitment date market price of the Company’s common stock exceeded the effective conversion price and, as a result, the Company recorded a deemed dividend in the amount of $0 and $825,000 during the three and nine months ended September 30, 2018, respectively.

Effective January 8, 2018, the Company’s Board of Directors and its shareholders amended the Certificate of Designation of its Series C Convertible Preferred Stock to add the following provisions: (a) upon closing of a public offering of the Company’s securities and the listing of the Company’s shares of common stock on an exchange, all outstanding shares of Series C Convertible Preferred Stock will be converted into that number of shares of Common Stock determined by the number of shares of Series C Preferred multiplied by a factor of 115 divided by 80% of the per share price of common stock in the offering; and (b) until 270 days after the effective date specified within the automatic preferred conversion notice, no holder of Series C Convertible Preferred Stock may offer, pledge, sell, contract to sell, grant, lend, or otherwise transfer or dispose of any Series C Preferred Shares without the prior written consent of the underwriter of the offering.

~~During the nine months ended September 30, 2018, 25,006 shares of Series C Convertible Preferred Stock were issued as payment of dividends in kind.~~

On March 28, 2018, pursuant to the terms of the amended Certificate of Designation, the Company issued an aggregate of 9,111,644 shares of common stock upon automatic conversion of 254,557 shares of Series C Convertible Preferred Stock. The Company determined that the Series C Convertible Preferred Stock included a beneficial conversion feature since the commitment date market price of the Company’s common stock exceeded the effective conversion price and, as a result, the Company recorded a deemed dividend in the amount of $0 and $22,633,931 during the three and nine months ended September 30, 2018, respectively.

On February 13, 2018, the Company’s Board of Directors approved the designation of 13,000 shares of the 40,000,000 authorized shares of preferred stock as Series D Convertible Preferred Stock, par value $0.001 per share (the “Series D Convertible Preferred Stock”). On February 15, 2018, the Company filed the Certificate of Designation with the State of Nevada related to the Series D Convertible Preferred Stock. Each share of Series D Convertible Preferred Stock will have a stated value of $1,000 per share.

~~Conversion.~~Each share of Series D Convertible Preferred Stock is convertible into shares of common stock (subject to adjustment as provided in the related certificate of designation of preferences, rights and limitations) at any time at the option of the holder at a conversion price equal to the price of the units in the public offering. Holders of Series D Convertible Preferred Stock are prohibited from converting Series D Convertible Preferred Stock into shares of common stock if, as a result of such conversion, the holder, together with its affiliates, would own more than 9.99% of the total number of shares of common stock then issued and outstanding.

~~Liquidation Preference.~~ In the event of the liquidation, dissolution or winding-up of the Company, holders of Series D Convertible Preferred Stock will be entitled to receive the same amount that a holder of common stock would receive if the Series D Convertible Preferred Stock were fully converted into shares of common stock at the conversion price (disregarding for such purposes any conversion limitations) which amounts shall be paid pari passu with all holders of Common Stock.

~~Voting Rights.~~ Shares of Series D Convertible Preferred Stock will generally have no voting rights, except as required by law and except that the affirmative vote of the holders of a majority of the then outstanding shares of Series D Convertible Preferred Stock is required to, (a) alter or change adversely the powers, preferences or rights given to the Series D Convertible Preferred Stock, (b) amend the Company’s articles of incorporation or other charter documents in any manner that materially adversely affects any rights of the holders, (c) increase the number of authorized shares of Series D Convertible Preferred Stock, or (d) enter into any agreement with respect to any of the foregoing.

~~Dividends~~. Shares of Series D Convertible Preferred Stock will not be entitled to receive any dividends, unless and until specifically declared by the Company’s board of directors. The holders of the Series D Convertible Preferred Stock will participate, on an as-if-converted-to-common stock basis, in any dividends to the holders of common stock.

~~Redemption.~~The Company is not obligated to redeem or repurchase any shares of Series D Convertible Preferred Stock. Series D Convertible Preferred Stock are not otherwise entitled to any redemption rights or mandatory sinking fund or analogous fund provisions.

~~Exchange Listing.~~ ~~The Company does not plan on making an application to list the Series D Convertible Preferred Stock on any national securities exchange or other nationally recognized trading system.~~

~~See Note 6 – Notes Payable –~~22, 2019, JMJ ~~Agreement for additional details.~~

~~On May 10, 2018 and September 12, 2018, JMJ~~Financial (“JMJ”) elected to convert ~~4,368 and 2,184~~16 shares of Series D Convertible Preferred Stock into ~~1,400,000 and 700,000~~5,128 shares of the Company’s common stock ~~respectively,~~ at a conversion price of $3.12 per ~~common~~ share. ~~The Company determined that the Series D Convertible Preferred Stock did not include a beneficial conversion feature.~~

See Note 8 – Stockholders’ Equity – Preferred Stock – Series D Convertible Preferred Stock, Note 9 – Related Parties – Letter Agreements and Note 11 – Commitments and Contingencies for additional details.

~~During the nine months ended September 30, 2018,~~On February 2, 2019, the Company issued ~~an aggregate of 1,513,690~~51,724 shares of common stock to independent board members for services rendered during 2018 and 2019 with ~~an aggregate issuance~~a grant date fair value of $4,353,988 in satisfaction of debt and other liabilities. In connection with the issuances, the Company recorded a loss on settlement of $0 and $2,136,860 during the three and nine months ended September 30, 2018, respectively.$114,310.

On ~~August 1, 2018,~~February 19, 2019, the Company retired ~~23,529~~8,066 shares of common stock previously ~~held as collateral for~~in accordance with a ~~certain debt obligation.~~settlement agreement with the former members of 350 Green LLC. See Note 11 – Commitments and Contingencies – Litigation and Disputes for additional details.

On ~~September 7, 2018~~February 22, 2019, the Company issued ~~an aggregate~~56,948 shares of ~~188,501 immediately vested~~common stock to Michael J. Calise, the Company’s former CEO, in connection with his repositioning agreement with a grant date fair value of $199,888. Such amount was previously accrued for as of December 31, 2018.

On April 18, 2019, the Company issued 12,995 shares of common stock to executives with a grant date fair value of $40,155. Such amount was previously accrued for as of December 31, 2018.

On July 26, 2019, the Company issued 4,630 shares of restricted common stock to ~~officers and directors of the Company~~a consultant for services ~~rendered. The shares had~~rendered with an ~~aggregate grant~~issuance date fair value of ~~$601,318 which was recognized immediately within~~$12,316.

On September 25, 2019, the ~~statement~~Company issued 20,000 shares of ~~operations during the three and nine months ended September 30, 2018.~~common stock to consultants with a issuance date fair value of $52,800.

The Company recognized stock-based compensation expense related to common stock, stock options and warrants for the three ~~and nine~~ months ended September 30, 2019 and 2018 of ~~$737,416~~$197,133 and ~~$3,685,291, respectively, and for the three and nine months ended September 30, 2017 of $322,426 and $1,432,832,~~$737,416, respectively, which is included within compensation expense on the condensed consolidated ~~statement~~statements of operations. The Company recognized stock-based compensation expense related to common stock, stock options and warrants for the nine months ended September 30, 2019 and 2018 of $591,162 and $3,685,291 respectively.

As of September 30, ~~2018,~~2019, there was ~~$8,216~~$96,294 of unrecognized stock-based compensation expense that will be recognized over the weighted average remaining vesting period of ~~0.31~~0.6 years.

On April 9, 2018, the Company issued five-year immediately vested warrants to purchase an aggregate of 1,703,429 shares of common stock at an exercise price of $4.25 per share in satisfaction of accrued issuable equity. The Company recorded a gain of $1,726,388 on the condensed consolidated statement of operations during the three and nine months ended September 30, 2018 related to the change in fair value of the warrant liability on the date of issuance. The warrants had an issuance date fair value of $409,042, which was charged to additional paid-in capital.

During the nine months ended September 30, ~~2018,~~2019, the Company issued five and ten-year immediately vested options to purchase an aggregate of ~~4,033,660~~4,500 shares of ~~the Company’s~~ common stock ~~pursuant~~ to the Chief Executive Officer with exercise prices ranging from $2.55 to $3.30 per share. The options had an aggregate grant date fair value of ~~warrants at an exercise price of $4.25 per share for aggregate cash proceeds of $17,143,056.~~$12,128, which was recognized immediately.

~~The following table accounts for the Company’s warrant activity for~~During the nine months ended September 30, ~~2018:~~

~~In February 2018, prior~~2019, the Company granted options to ~~the closing~~purchase an aggregate of the public offering, Mr. Farkas reached an agreement with JMJ that, following the closing of the public offering, BLNK Holdings, an entity for which Mr. Farkas had voting power and investment power with regard to this entity’s holdings, would transfer 260,000 shares to JMJ as additional consideration for JMJ agreeing to waive its claims to $12 million as a mandatory default amount pursuant to previous agreements with the Company. This transfer took place on April 18, 2018. Prior to entering into this agreement, Mr. Farkas did not bring the matter to the entire Board for a vote. The fair value of $785,200 of the 260,00072,000 shares of common stock ~~that were~~ to an executive with an exercise price of $3.45 per share. The options vest ratably over a six-month period from the date of grant. The options had an aggregate grant date fair value of $220,831, which will be ~~transferred to JMJ by BLNK Holdings is reflected as interest expense on~~recognized ratably over the ~~Company’s condensed consolidated statements of operations during~~vesting period. During the nine months ended September 30, ~~2018 with a corresponding credit to additional paid-in capital.~~

~~On March 22, 2018, pursuant to a letter agreement dated December 6, 2017,~~2019, the Company ~~issued 886,119 shares~~recognized $147,221 of ~~common stock~~expense related to ~~Mr. Farkas as compensation with an issuance date fair value of $2,534,300. On April 16, 2018, Mr. Farkas returned 2,930,596 shares of common stock to the Company which were then retired.~~

~~On March 22, 2018, pursuant to a letter agreement dated December 7, 2017, the Company issued 26,500 shares of common stock to Mr. Feintuch as compensation with an issuance date fair value of $75,790.~~this award.

On ~~April 20, 2018,~~March 5, 2019, the Company entered into a ~~three-year operating~~26-month lease agreement for ~~3,425~~an additional 1,241 square feet of office space in its current Miami Beach ~~Florida~~office building, beginning ~~May~~April 1, ~~2018~~2019 and ending May 31, 2021. The tenant and landlord have the option to cancel the contract after the first ~~year~~six months with ~~a 90-day~~90 day’s written notice. ~~As of September 30, 2018, the lease had a remaining term of approximately three years.~~ The lease does not contain an option to extend past the ~~existing~~ lease term. ~~Over the duration of the lease, payments will escalate 5% every year.~~

As of September 30, ~~2018,~~2019, the Company had no leases that were classified as a financing lease. As of September 30, ~~2018,~~2019, the Company did not have additional operating and financing leases that have not yet commenced.

Total operating lease expenses for the three and nine months ended September 30, 2019 were $40,762 and $151,694, respectively, and are recorded in other operating expenses on the condensed consolidated statement of operations. Total rent expense for the three and nine months ended September 30, 2018 was $68,960 and $147,113, respectively, and is recorded in other operating expenses on the condensed consolidated statements of operations. Total rent expense for the three and nine months ended September 30, 2017 was $39,976 and $117,194, respectively, and is recorded in other operating expenses on the condensed consolidated statementsstatement of operations.

	Nine Months Ended September 30, 2018		Nine Months Ended September 30, 2019

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	30,538	$	151,694

Right-of-use assets obtained in exchange for lease obligations:
Operating leases	$	323,301	$	266,103

Weighted Average Remaining Lease Term
Operating leases				1.79

Weighted Average Discount Rate
Operating leases				6.0	%

Future minimum payments under non-cancellable leases as of September 30, ~~2018~~2019 were as follows:

For the Years Ending December 31,	Amount
For the Years Ending September 30,				Amount

2018	$	30,495
2019		125,538
2020		131,814		$	250,323
2021		56,035			196,221
Total future minimum lease payments		343,882			446,544
Less: imputed interest		(60,468	)		(44,254	)
Total	$	283,414		$	402,290

~~The~~During the third quarter of 2019, the Company ~~has not~~ filed its Federal ~~and State~~ corporate income tax returns for the years ended December 31, 2014, 2015, 2016, 2017 and ~~2017.~~2018. The Company has sustained losses for the years ended December 31, 2014, 2015, 2016, 2017, and ~~2017.~~2018. The Company has determined that no tax liability, other than required minimums and related interest and penalties, ~~have~~has been incurred.

The Company ~~is also delinquent~~expects to be current with its state and local tax filings in ~~filing and, in certain instances, paying sales taxes collected from customers in specific states that impose a tax on sales~~the first calendar quarter of ~~the Company’s products. The Company accrued approximately $177,000 and $178,000 as of September 30, 2018 and December 31, 2017, respectively, related to this matter.~~

As of December 31, 2017, the Company was delinquent in remitting approximately $632,000 of federal and state payroll taxes withheld from employees. During the year ended December 31, 2017, the Company sent two letters to the Internal Revenue Service (“IRS”) notifying the IRS of its intention to resolve the delinquent taxes upon the receipt of additional working capital. Additionally, on March 27, 2018, the Company submitted its Forms 940 and 941 for the year ended December 31, 2017 to the IRS. As of September 30, 2018, the Company is no longer delinquent on federal and state payroll taxes, as the Company has remitted all the requisite federal and state payroll taxes withheld from employees to the appropriate taxing authorities.2020.

On January 31, 2018, ITT Cannon, Blink Network and the Company agreed that if the Company fails to consummate a registered public offering of its common stock, list such stock on NASDAQ and issue to ITT Cannon shares of the same class of the Company’s securities by February 28, 2018, the settlement agreement will expire. The public offering closed on February 16, 2018. The Company issued 47,059 shares on March 16, 2018 to ITT Cannon. This was a partial payment of the $200,000 in stock owed to ITT Cannon. On April 3, 2018 the Company issued an additional 25,669 shares to satisfy in full its obligations to ITT. As of November 9, 2018, the Company had received all charging cables due from ITT Cannon.

~~From time to time, the Company is a defendant or plaintiff in various legal actions that arise in the normal course of business.~~

In July 2017, the Company was served with a complaint by Zwick and Banyai PLLC and Jack Zwick for breach of a written agreement and unjust enrichment for failure to pay invoices in the aggregate amount of $53,069 for services rendered, plus interest and costs. The plaintiffs’ complaint was subsequently amended in February 2018. In June 2018, the court denied the Company’s motion to dismiss the amended complaint, although the plaintiffs voluntarily withdrew certain counts in the amended complaint. In July 2018, the Company filed its answer and affirmative defense to the amended complaint denying liability. As of October 26, 2018, the Company updated its affirmative defenses in its answer and the parties are proceeding with discovery. The Company intends to continue to defend this case vigorously.

From time to time, the Company is a defendant or plaintiff in various legal actions that arise in the normal course of business.

350 Green lawsuits relate solely to alleged pre-acquisition unpaid debts of 350 Green. ~~Also, there~~There are other unpaid creditors ~~aside from those noted above,~~ that claim to be owed certain amounts for pre-acquisition work done on behalf of 350 Green solely, that potentially could file lawsuits at some point in the future.

In May 2013, JNS Power & Control Systems, Inc. (“JNS”) filed a complaint against 350 Green, LLC, a former subsidiary of the Company, alleging claims for breach of contract, specific performance and indemnity. The lawsuit arose out of an asset purchase agreement from April 2013 between JNS and 350 Green, under which JNS agreed to purchase car chargers and related assets from 350 Green. Following court judgments in favor of JNS on its claim for specific performance, in April 2016, JNS amended its complaint to add the Company, alleging an unspecified amount of lost revenues from the car chargers, among other matters, caused by the defendants. In February 2018, the parties entered into an agreement to settle the litigation. The Company purchased back the EV chargers it previously sold to JNS for: (a) shares of Common Stock worth $600,000 with a price per share equal to $4.25 (the price per share of the Offering); (b) $50,000 cash payment within ten days of the closing of the Offering; and (c) $100,000 cash payment within six months following the closing of the Offering. The Offering closed on February 16, 2018. The Company issued 141,176 shares on March 16, 2018. The Company made the $50,000 payment on March 16, 2018. JNS filed a motion to dismiss the lawsuit without prejudice on March 23, 2018 and the judge granted the motion on March 26, 2018. On March 16, 2018, the Company issued 23,529 shares of Common Stock to JNS to be held in escrow as security for the $100,000 payment. On August 2, 2018, the Company paid the $100,000 to JNS and the 23,529 shares of common stock were returned to the Company and were subsequently cancelled. See Note 8 – Stockholder’s Equity – Common Stock for additional details. Concomitantly, JNS filed a motion to dismiss the lawsuit with prejudice. On March 26, 2018, the Court dismissed the case without prejudice and with leave to reinstate by November 1, 2018. In August 2018, the Company satisfied the last of its payment obligations to JNS, however, on October 29, 2018, JNS filed a motion to extend the date for reinstatement to January 11, 2019 to allow additional time to lift restrictions on the stock it received in the asset purchase. On November 1, 2018, the Court granted the motion.

On March 26, 2018, final judgment has been reached relating to the Assignment for the Benefit of the Creditors, whereby all remaining assets of 350 Green are abandoned to their respective property owners where the charging stations have been ~~installed, thus on~~installed. On March 26, 2018, the assignment proceeding has closed.

Concurrent with the closing of the Company’s February 2018 public offering, the Company was to pay the former principals of 350 Green LLC $25,000 in installment debt and $50,000 within 60 days thereafter in settlement of a $360,000 debt (inclusive of imputed interest) and the return of 8,065 shares of the Company’s common stock by the former principals of 350 Green LLC, in accordance with a Settlement Agreement between the parties dated August 21, 2015, that would have resulted in a gain of $285,000. As of the date of filing, this payment has not been made, the aforementioned gain has not been recognized, and the common shares have not been returned by the former principals of 350 Green LLC.

~~See Note 8 – Stockholders’ Equity – Common Stock for additional details.~~

On ~~January~~December 31, 2018, the Company ~~SemaConnect Inc. (“SemaConnect”) and their legal counsel~~ entered into ~~an amendment to their settlement agreement~~a modification of the Settlement Agreement and Mutual Release dated ~~June 23, 2017~~August 21, 2015 with the former members of 350 Green LLC whereby the ~~parties agreed that, concurrent with the closing of the public offering,~~members would return to the Company ~~will settle the outstanding liabilities of $153,529 by issuing~~8,064 shares of common stock atand would also cancel the outstanding note (“Note”) issued to the members with a ~~price equal~~balance of $360,000, both, initially issued in conjunction with the acquisition of 350 Green LLC, in exchange for $50,000. The Company paid the $50,000 as of December 31, 2018. The Note and common shares were returned and canceled in January 2019. The Company recorded a gain of approximately $310,000 during the first quarter of 2019 which was included in other income and expense on the condensed consolidated statement of operations.

The Company and a group of three Cyprus entities entered into a shareholders’ agreement on February 11, 2019, pertaining to ~~80%~~the parties’ respective shareholdings in a new Joint Venture Entity, Blink Charging Europe Ltd. (the “Entity”) that was formed under the laws of Cyprus on the same date. The Company owns 40% of the ~~price of~~Entity while the ~~shares sold~~other three entities own 60% in total. The entity currently has no operations. There are currently no plans for the ~~public offering, plus an additional 1,500 shares of common stock. On March 16, 2018,~~Company to make any capital contributions or investments.

Subsequent to September 30, 2019, the Company issued ~~17,595~~56,948 shares of common stock to Michael J. Calise, the Company’s former CEO, in connection with anhis repositioning agreement with a issuance date fair value of ~~$49,266 to SemaConnect.~~$120,160. Such amount was previously accrued for as of December 31, 2018.

On February 3, 2018, the Company and Schafer & Weiner, PLLC (“Schafer & Weiner”) entered into a letter agreement whereby the parties agreed that, concurrent with the closing of the public offering, the Company will settle outstanding liabilities of $813,962 owed to Schafer & Weiner as follows: (i) the Company will pay $406,981 in cash out of the proceeds of the public offering; and (ii) in satisfaction of the remaining liability of $406,981, the Company will issue units, with each unit consisting of one share of restricted common stock and a warrant to purchase one share of restricted common stock at an exercise price equal to the exercise price of the warrants sold as part of the public offering, at a price equal to 80% of the per unit price in the public offering. In consideration, Schafer & Weiner agreed to return to the Company 11,503 shares of common stock of the Company. On February 16, 2018, the Company paid $406,981 in cash. On March 19, 2018, the Company issued 119,700 shares of common stock with an issuance date fair value of $345,933 to Schafer & Weiner. On April 16, 2018, Schafer and Weiner returned and the Company then retired the 11,503 shares of common stock.

On June 17, 2018, the Company entered into a two-year employment agreement with its Chief Financial Officer (“CFO”) that will be renewed automatically for an additional one-year term, unless the Company provides a notice of non-renewal at least thirty (30) days prior to the end of the term. If the Company terminates the CFO’s employment without cause (as defined in the agreement), the Company is required to continue paying a portion of the CFO’s base salary, up to $112,500. Upon shareholder approval of an omnibus incentive plan, the CFO will be entitled to awards under the plan with a value of $112,500.

On August 28, 2018, the Company entered into a two-year employment agreement with its President that will be renewed automatically for an additional one-year term, unless the Company provides a notice of non-renewal at least thirty (30) days prior to the end of the term. If the Company terminates the President’s employment without cause (as defined in the agreement), the Company is required to continue paying a portion the President’s base salary, up to $125,000. Upon shareholder approval of an omnibus incentive plan, the President will be entitled to awards under the plan with a value of $125,000. Effective October 18, 2018, the Company’s President assumed the duties and additional position of Chief Operating Officer.

On October 19, 2018, the Company entered into an agreement with its then-Chief Executive Officer (“Former CEO”), whereby the Former CEO will be repositioned as the Company’s Senior Vice President of Sales (“VP of Sales”) in conjunction with his resignation of his position as CEO. In connection with the agreement the parties agreed to the following:

~~Subsequent to September 30, 2018, the Company issued an aggregate of 35,482 shares of common stock for services rendered.~~

~~ITEM 2.MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS~~

The following discussion and analysis of the results of operations and financial condition of Blink Charging Co. ~~(and, including~~together its subsidiaries, “Blink” and the “Company”) as of September 30, ~~2018~~2019 and for the three and nine months ended September 30, ~~2018~~2019 and ~~2017~~2018 should be read in conjunction with our financial statements and the notes to those financial statements that are included elsewhere in this Quarterly Report on Form 10-Q. References in this Management’s Discussion and Analysis of Financial Condition and Results of Operations to “us”, “we”, “our” and similar terms refer to Blink. This Quarterly Report contains forward-looking statements as that term is defined in the federal securities laws. The events described in forward-looking statements contained in this Quarterly Report may not occur. Generally, these statements relate to business plans or strategies, projected or anticipated benefits or other consequences of our plans or strategies, projected or anticipated benefits from acquisitions to be made by us, or projections involving anticipated revenues, earnings or other aspects of our operating results. The words “may,” “will,” “expect,” “believe,” “anticipate,” “project,” “plan,” “intend,” “estimate,” and “continue,” and their opposites and similar expressions, are intended to identify forward-looking statements. We caution you that these statements are not guarantees of future performance or events and are subject to a number of uncertainties, risks and other influences, many of which are beyond our control, which may influence the accuracy of the statements and the projections upon which the statements are based. Factors that may affect our results include, but are not limited to, the risks and uncertainties set forth under Item 1A. Risk Factors in the Company’s Annual Report on Form 10-K for the year ended December 31, ~~2017, as amended, and~~2018, as discussed elsewhere in this Quarterly Report on Form 10-Q particularly in Item IA - Risk Factors.

Any one or more of these uncertainties, risks and other influences could materially affect our results of operations and whether forward-looking statements made by us ultimately prove to be accurate. Our actual results, performance and achievements could differ materially from those expressed or implied in these forward-looking statements except as required by federal securities laws, We undertake no obligation to publicly update or revise any forward-looking statements, whether from new information, future events or otherwise.

We are a leading owner, operator and provider of electric vehicle (“EV”) charging equipment and networked EV charging services. We offer both residential and commercial EV charging equipment, enabling EV drivers to easily recharge at various location types.

Our principal line of products and services is our Blink EV charging network (the “Blink Network”) and EV charging equipment ~~also~~(also known as electric vehicle supply ~~equipment (“E.V.S.E.”),~~equipment) and EV related services. Our Blink Network isconsists of proprietary cloud-based software that operates, ~~maintains,~~maintain, and tracks all of the Blink EV charging stations and the associated charging data. The Blink Network provides property owners, managers and parking companies, who we refer to as our ~~Property Partners,~~“Property Partners”, with cloud-based services that enable the remote monitoring and management of EV charging stations payment processing and provide EV drivers with vital station information including station location, availability and applicable fees.

We offer our Property Partners a range of business models for EV charging equipment and ~~services.~~services that generally fall into one of the three business models below.

We have strategic partnerships across numerous transit/destination locations, including airports, auto dealers, healthcare/medical, hotels, mixed-use, municipal locations, multifamily residential and condos, parks and recreation areas, parking lots, religious institutions, restaurants, retailers, schools and universities, stadiums, supermarkets, transportation hubs, and workplace locations.As At September 30, 2019, the Company has sold or deployed a total of ~~October 24, 2018, what have deployed~~ approximately ~~14,606~~14,719 charging ~~stations,~~units, of which, ~~6,919 are operating on the Blink network: 5.090 are Level~~5,014 were level 2 commercial charging ~~stations, 107 are~~units, 105 were DC ~~Fast Charging EV stations~~fast charging units and ~~1,722 are~~1,563 were residential charging units. OfIncluded in the ~~remaining 7,687 charging stations, 504~~above total number are ~~Level~~approximately 391 level 2 ~~charging stations operating~~units deployed on other networks and ~~approximately 7,183 are~~7,646 non-networked, residential charging ~~stations. As of October 24, 2018, we have 412 charging stations that have been sold and shipped to our Property Partners that are awaiting installation and activation.~~units.

As reflected in our unaudited condensed consolidated financial statements as of September 30, ~~2018,~~2019, we had cash, working capital and an accumulated deficit of ~~$21,304,407, $16,955,916~~$7,987,019, $9,026,224 and ~~$157,599,908,~~$166,610,317, respectively. During the three and nine months ended September 30, ~~2018,~~2019, we had net losses of ~~$2,135,933~~$2,622,989 and ~~$1,164,630,~~$6,753,836 respectively. During the nine months ended September 30, 2019, the Company used cash in operating activities of $7,374,412. We have not yet achieved profitability and expect to continue to incur cash outflows from operations. It is expected that our operating expenses will continue to increase and, as a result, we will eventually need to generate significant product revenues to achieve profitability. These conditions indicate that there is substantial doubt about our ability to continue as a going concern within one year after the financial statement issuance date. Historically, we have been able to raise funds to support our business operations, although there can be no assurance we will be successful in raising additional funds in the future.

Three Months Ended September 30, ~~2018~~2019 Compared With Three Months Ended September 30, ~~2017~~2018

Total revenue for the three months ended September 30, ~~2018 decreased~~2019 increased by ~~$60,055,~~$217,642, or ~~10%~~40%, to ~~$546,844~~$764,486 compared to ~~$606,899~~$546,844 during the three months ended September 30, ~~2017~~2018 due to ~~lower~~higher equipment sales volume during the ~~2018 period.~~2019 period related to the introduction of our Generation 2 charger.

Charging service revenue from Company-owned charging stations was $317,990 for the three months ended September 30, 2019 as compared to $320,388 for the three months ended September 30, 2018, ~~as compared~~a decrease of $2,398, or 0.8%, The decrease was attributable to ~~$295,202~~a decrease in the number of subscribers in Nissan’s No Charge-To-Charge Program. The program is expected to end by June 2020.

Revenue from product sales was $319,254 for the three months ended September 30, ~~2017,~~2019 compared to $102,958 during the three months ended September 30, 2018, an increase of ~~$25,186,~~$216,296, or ~~9.0%,~~210%. This increase was attributable to a higher volume of Generation 2 commercial units and parts sales as compared to the same 2018 period.

Network fee revenues were $80,116 for the three months ended September 30, 2019 compared to $55,540 for the three months ended September 30, 2018, an increase of $24,576, or 44%. The increase was primarily due ~~a greater~~to the increase in the number of charging stations in the network as compared to ~~the~~ same ~~2017 period.~~quarter in 2018.

~~Revenue from product sales was $102,958~~Warranty revenues were $8,400 for the three months ended September 30, ~~2018~~2019 compared to $157,264 during the three months ended September 30, 2017, a decrease of $54,306 or 35%. This decrease was attributable to a lower volume of commercial units and parts sales as compared to the 2017 period.

Network fee revenues were $55,540 for the three months ended September 30, 2018 compared to $59,604 for the three months ended September 30, 2017, a decrease of $4,064 or 7%. The decrease was attributable to retroactive billing of network fees in 2017.

~~Warranty revenues were~~ $25,099 for the three months ended September 30, 2018, ~~compared to $36,484 for the three months ended September 30, 2017,~~ a decrease of ~~$11,385~~$16,699, or ~~31%~~67%.The decrease is primarily attributable to a property partners of host owned chargers not renewing their warranty contracts.

Grant and rebate ~~revenue was~~revenues were $4,578 during the three months ended September 30, 2019, compared to $6,724 during the three months ended September 30, 2018, ~~compared to $14,978 during the three months ended September 30, 2017,~~ a decrease of ~~$8,254,~~$2,146, or ~~55%~~32%. Grant and rebates relating to equipment and the related installation are deferred and amortized in a manner consistent with the depreciation expense of the related assets over their useful lives. The ~~ability to secure grant revenues is typically unpredictable and, therefore, uncertain. The 2018~~2019 revenue was related to the amortization of previous years’ grants.

Other revenue decreased by ~~$7,232~~$1,987 to $34,148 for the three months ended September 30, 2019 as compared to $36,135 for the three months ended September 30, ~~2018 as compared to $43,367 for the three months ended September 30, 2017.~~2018. The decrease was primarily attributable to in host owned station charging revenue.

Cost of revenues primarily consists of electricity reimbursements, revenue share payments to our Property Partner hosts, the cost of charging stations sold, connectivity charges provided by telco and other networks, warranty, repairs and maintenance services, and depreciation of our installed charging stations. Cost of revenues for the three months ended September 30, ~~2018~~2019 were ~~$440,081~~$643,239 as compared to ~~$305,610~~$440,081 for the three months ended September 30, ~~2017,~~2018, an increase of ~~$134,471~~$203,158, or ~~44%~~46%. There is a degree of variability in our costs in relationship to our revenues from period to ~~period.~~period, primarily due to:

Cost of charging services-company-owned charging stations (electricity reimbursements) ~~decreased~~increased by ~~$87,783~~$28,604 to $47,427 for the three months ended September 30, 2019 as compared to $18,823 for the three months ended September 30, 2018, or 152%. The increase in 2019 was attributable to the mix of charging stations generating charging service revenues subject to electricity reimbursement.

Host provider fees increased by $19,064, or 21%, to $110,628 during the three months ended September 30, 2019 as compared to $91,564 during the three months ended September 30, 2018. The increase was a result of the mix of chargers generating revenue and their corresponding revenue share percentage payments to Property Partner hosts per their agreements.

Cost of product sales increased by $182,488, or 287%, from $63,583 for the three months ended September 30, 2018 as compared to ~~$106,606~~$246,071 for the three months ended September 30, ~~2017 or 82%. The decrease is attributable in 2018 to the mix of charging stations generating charging service revenues requiring electricity reimbursement.~~

Host provider fees increased by $36,517, or 66%, to $91,564 during the three months ended September 30, 2018 as compared to $55,047 during the three months ended September 30, 2017. This increase was a result of more recently installed Company owned charging station installations having higher revenue share obligations during the three months ended September 30, 2018 as compared to the same 2017 period.

~~Cost of product sales increased by $58,922 or 1,264% from $4,661 for the three months ended September 30, 2017 as compared to $63,583 for the three months ended September 30, 2018.~~2019. The cost of product sales is based on the mix of types of charging stations and parts sold. The ~~2018~~2019 period included a ~~write-off of~~provision for excess and obsolete inventory of ~~$18,558~~$93,000 relating to non-Generation 2 inventory which was not being sold/utilized in accordance with management’s forecasts. Additionally, the increase was commensurate with increased product sales during 2019 period. The ~~2017~~2018 period included a change in estimate of chargers sold in the period that were previously thought to have a lower net realizable value than the prices that they were actually sold for.

Network costs ~~increased~~decreased by ~~$52,077,~~$25,761, or ~~239%~~35%, to $48,097 during the three months ended September 30, 2019 as compared to $73,858 during the three months ended September 30, ~~2018 as compared to $21,781 during the three months ended September 30, 2017.~~2018. The ~~2017 period was understated due to over-accruals in prior 2017 periods. The 2017~~2019 period included a ~~change in estimate as a result of prior period over accruals in 2017.~~newly negotiated rate reduction with the Company’s telco provider.

Warranty and repairs and maintenance costs increased by ~~$91,186,~~$30,261, or ~~296%~~25%, to ~~$121,957~~$152,218 during the three months ended September 30, ~~2018~~2019 from $ ~~30,771~~121,957 during the three months ended September 30, ~~2017. In 2017, our actual~~2018. The increase in 2019 was attributable to significant efforts expended to reduce the backlog in warranty and repairs and maintenance cases. As of September 30, 2019, we recorded a liability of $25,000 representing the estimated cost of ~~fulfilling~~existing backlog of known warranty ~~obligations were less than expected as warranty work was performed by employees at a lower~~cases. We estimate the cost ~~than estimated. In 2018, in order~~ to ~~resolve the warranty backlog issue, the Company retained third parties~~repair chargers which we own to ~~perform these services at a cost more closely approximating the estimate.~~

Depreciation and amortization expense declined by ~~$16,448,~~$31,498, or ~~19%~~45%, to $38,798 for the three months ended September 30, 2019 as compared to $70,296 for the three months ended September 30, 2018, as ~~compared~~additional underlying assets became fully depreciated during 2019.

Compensation expense decreased by $1,115,246, or 39%, to ~~$86,744~~$1,727,487 (consisting of approximately $1,500,000 of cash compensation and approximately $200,000 of non-cash compensation) for the three months ended September 30, ~~2017, as additional underlying assets became fully depreciated during 2018.~~

2019. Compensation expense ~~increased by $1,762,089, or 163%, to~~was $2,842,733 (consisting of approximately ~~$2.1 million~~$2,100,000 of cash compensation and approximately ~~$0.7 million~~$700,000 of non-cash compensation) for the three months ended September 30, 2018. ~~Compensation~~The decrease in compensation expense was ~~$1,080,644 (consisting~~primarily due to a decrease of ~~approximately $0.8 million of cash~~$540,000 in non-cash compensation ~~and approximately $0.3 million of non-cash compensation) for the three months ended September 30, 2017. The increase was primarily~~ attributable to ~~increased~~contractual equity obligations, a decrease in cash bonus expenses of $500,000, a decrease in board of director cash fees of $71,000 due to fewer meetings held during 2019 and a reduction in recruiting fees of $157,000 resulting from the hiring of additional senior management in 2018. The decreases in compensation expense were offset by an increase in payroll and related ~~tax expenses~~benefits of ~~$507,283 to $1,136,455 during the three months ended September 30, 2018 compared to $629,172 during the 2017 period~~$171,000 due to the hiring of additional employees and senior ~~management. Furthermore, $1,097,770 of the compensation expense increase was due to non-cash stock based compensation, inclusive of payroll tax gross ups, granted to officers and directors of Company~~management during the ~~period. Recruiting fees related to the hiring~~second half of ~~additional senior management in 2018 resulted in $156,735 of fees in~~ 2018.

General and administrative expenses ~~increased~~decreased by ~~$244,674,~~$11,194, or ~~110%~~2%, to $455,879 for the three months ended September 30, 2019. General and administrative expenses were $467,073 for the three months ended September 30, 2018. ~~General~~The decrease in general and administrative expenses ~~were $222,399 for the three months ended September 30, 2017. The increase~~ was ~~primarily~~ due to ~~increased~~a decrease in legal fees of ~~$111,392 to $157,282~~$121,000 during the three months ended September 30, ~~2018 compared~~2019 primarily because of the establishment of our internal Office of General Counsel resulting in a greater amount of our legal work being attended to ~~$45,890~~internally. Investor relations expenses decreased by $83,000 in the 2019 period as we terminated our contract with our investor relations firm during the ~~three months ended September 30, 2017. This increase was attributable to current invoices received for $108,000 in professional services rendered in prior periods~~first calendar quarter of ~~2018. Additionally, we incurred $83,490 in investor relations fees during the three months ended September 30, 2018. Furthermore, our~~2019. Our annual shareholder meeting was held on September 7, ~~2018~~2019 resulting in ~~incremental~~higher expenses specific to the 2018 period totaling ~~$69,027. Audit~~$70,000. Our current year’s annual shareholder meeting is scheduled during the fourth calendar quarter of 2019. The above decreases were offset by increases in expenses incurred for our Sarbanes-Oxley, third-party review in order to further document and ~~valuation~~strengthen our internal controls resulting in related fees ~~decreased~~of $85,000. During the third quarter of 2019, we completed our federal tax filing project whereby our federal filings are current and up-to-date resulting in an increase of $41,000 in tax preparation fees. We anticipate that out state and local tax filings will be current and up-to date during the first calendar quarter of 2020. Additionally, our marketing expenses increased by ~~$37,161 or 41% from $89,545~~$62,000 to promote Blink brand awareness and to support the sales and deployment effort of our Generation 2 chargers an increase in ~~the 2017 period to $52,384~~credit card processing fees of $17,000 as result of higher product sales and total charging activity and a net increase in ~~the 2018 period.~~general administrative expense of $58,000.

Other operating expenses increased by ~~$78,912,~~$406,496, or ~~35%~~127%, to ~~$306,839~~$726,033 for the three months ended September 30, ~~2018~~2019 from ~~$227,927~~$319,537 for the three months ended September 30, ~~2017.~~2018. The increase was primarily attributable to an increase of $144,000 related to the update of our Blink network software, an increase in rent ~~expense~~ of ~~$51,918 related to~~$47,000 as result of moving into our ~~move to a~~ larger ~~office space~~corporate offices in Miami Beach ~~Florida~~in June 2018 and our leasing of additional adjacent space to our existing Phoenix, Arizona location during the three months ended September 30, 2018 offset by a decrease in storage facility rentals of $19,935. Additionally, there was an increase in ~~software development expense~~the loss upon disposal of ~~$27,263 in order to enhance our existing systems as well as increase in taxes associated with company owned charging stations~~fixed assets of ~~$28,765 during the three months ended September 30, 2018~~$75,000 as a result of ~~a higher provision during the 2018 period relating to the~~an ongoing Exchange Program whereby old Generation 1 chargers are being exchanged for more technologically advanced Generation 2 chargers, an increase in travel expenses of $46,000 in association with our efforts to enter the ~~number~~European EV market, an increase of ~~Company owned chargers.~~$23,000 in state income tax as a result our 2019 initiative to bring our state and local income tax filing on a current and up-to date basis, an increase in insurance expenses of $18,000 primarily related to Directors and Officers liability insurance, $19,000 primarily related software license purchase of our Oracle software and a net increase in other operating expenses of $52,000 primarily consisting of increases in postage ($16,000), online service costs ($16,000) and sales tax ($13,000).

Other income ~~(expense)~~ decreased by ~~$93,764,700, or 101%, to income of~~$1,208,786 from $1,373,949 for the ~~three months~~quarter ended September 30, 2018 ~~as compared~~ to ~~an expense of $92,390,751~~$165,163 for the ~~three months~~quarter ended September 30, ~~2017. The decrease was primarily attributable to 2017 items consisting of:~~

~~Other income in 2018 consisted primarily of a~~ change in fair value of derivative and other accrued liabilities ~~and accrued liabilities.~~of $1,349,886 as opposed to a loss of $1,367 in the 2019 period.

Our net loss for the three months ended September 30, ~~2018 decreased~~2019 increased by ~~$91,484,499,~~$474,358, or ~~98%~~22%, to ~~$2,135,933~~$2,622,989 as compared to ~~$93,620,432~~$2,148,631 for the three months ended September 30, ~~2017.~~2018. The ~~decrease~~increase was primarily attributable to ~~an increase~~a decrease in other income (expenses) of ~~$93,764,700.~~$1,208,786 offset by a reduction of operating expenses of $719,944 and an increase in gross profit of $14,484. Our net loss attributable to common shareholders for the three months ended September 30, ~~2018 decreased~~2019 increased by ~~$92,312,999,~~$474,458, or ~~98%~~22% from ~~$94,448,932~~$2,148,631 to ~~$2,135,933~~$2,622,989 for the aforementioned ~~reasons and due to a decrease~~reasons.

Our total comprehensive loss for the three months ended September 30, 2019 was $2,655,827 whereas our total comprehensive loss for the three months ended September 30, 2018 was $2,148,631. The 2019 period included an increase in the ~~dividend attributable to Series C Convertible Preferred shareholders~~fair value of ~~$828,500.~~marketable securities of $32,838.

Nine Months Ended September 30, ~~2018~~2019 Compared With Nine Months Ended September 30, ~~2017~~2018

Total revenue for the nine months ended September 30, ~~2018 increased by $31,689, or 2%,~~2019 was $2,057,704, compared to $1,767,182 ~~compared to $1,735,493 during~~for the nine months ended September 30, ~~2017.~~

2018, an increase of $290,522, or 16%. Charging service revenue for company-owned charging stations was $937,870 for the nine months ended September 30, 2019 compared to $927,485 for the nine months ended September 30, 2018, ~~compared~~an increase of $10,385, or 1%. The increase was attributable to ~~$879,428~~an increase company owned charging station revenue as a result of a greater number of charging stations on our network resulting from our campaign to sell/deploy Generation 2 chargers.

Revenue from product sales was $704,472 for the nine months ended September 30, ~~2017, an increase of $48,057, or 5%. The increase was attributable to a greater number of charging stations in the network as~~2019, compared to ~~the same 2017 period.~~

~~Revenue from product sales was~~ $381,557 for the nine months ended September 30, 2018, ~~compared~~an increase of $322,915, or 85%. This increase was attributable to ~~$367,808~~the rolling out of second generation charging stations in 2019 resulting in sales of Generation 2 chargers of $494,000 and a one-time shipment of first- generation product during the current period, paid for in 2015 in the amount of $74,000.

Network fee revenue was $230,945 for the nine months ended September 30, ~~2017,~~2019, compared to $168,825 for the nine months ended September 30, 2018, an increase of ~~$13,749,~~$62,120, or 4%37%. ~~This~~The increase was ~~attributable to a higher volume~~commensurate with the increase in the number of ~~commercial units~~charging stations on our network as compared to the same ~~2017 period.~~

~~Network fee revenues were $168,825 for the three months ended September 30, 2018 compared to $168,334 for the three months ended September 30, 2017, an increase of $491.~~nine- month period in 2018.

Warranty revenue was $44,192 for the nine months ended September 30, 2019, compared to $89,458 for the nine months ended September 30, 2018, ~~compared~~a decrease of $45,266, or 51%. The decrease was primarily attributable to ~~$103,188~~a decrease in the renewal rate of Property Partners of host owned chargers warranty contracts.

Grant and rebate revenues were $17,817 for the nine months ended September 30, ~~2017, a decrease of $13,730 or 13%. The decrease is primarily attributable~~2019, compared to ~~property partners of host owned charger not renewing their warranty contracts.~~

~~Grant and rebate revenue was~~ $68,062 ~~during~~for the nine months ended September 30, 2018, ~~compared to $93,798 during the nine months ended September 30, 2017,~~ a decrease of ~~$25,736,~~$50,245, or ~~27%~~74%. Grant and rebates relating to equipment and the related installation are deferred and amortized in a manner consistent with the depreciation expense of the related assets over their useful lives. The ability to secure grant ~~revenues~~revenue is typically unpredictable and, therefore, uncertain. The ~~2018~~2019 revenue was related to the amortization of previous years’ ~~grants~~grants.

Other revenue ~~increased~~decreased by ~~$8,858 or 7%~~$9,387 to $122,408 for the nine months ended September 30, 2019, compared to $131,795 for the nine months ended September 30, ~~2018 as compared to $122,937 for the nine months ended September 30, 2017.~~2018. The ~~increase~~decrease was primarily attributable to ~~an increase~~a decrease in ~~charging revenue~~revenues earned from ~~host-owned stations as a result of property owners converting their charging stations from host-owned to company-owned.~~host owned chargers.

Cost of revenues primarily consists of electricity reimbursements, revenue share payments to our Property Partner hosts, the cost of charging stations sold (including commissions), connectivity charges provided by telco and other networks, warranty, repairs and maintenance services, and depreciation of our installed charging stations.

Cost of revenues for the nine months ended September 30, ~~2018 were $1,317,823 as~~2019 was 1,567,955, compared to ~~$1,128,066~~$1,317,823 for the nine months ended September 30, ~~2017,~~2018, an increase of ~~$189,757~~$250,132, or ~~17%~~19%. There is a degree of variability in our costs in relationship to our revenues from period to ~~period.~~period, primarily due to:

Cost of charging ~~services-company-owned~~services for Company-owned charging stations (electricity reimbursements) decreased by ~~$29,640~~$27,205 or 19% to $114,439 for the nine months ended September 30, 2019, compared to $141,644 for the nine months ended September 30, ~~2018 as compared to $171,284 for the nine months ended September 30, 2017 or 17%.~~2018. The decrease iswas attributable in ~~2018~~2019 to the mix of charging stations generating charging service revenues ~~requiring~~subject to electricity reimbursement.

Host provider fees ~~increased~~decreased by ~~$94,864,~~$23,592, or ~~47%~~8%, to ~~$297,296~~$273,704 during the nine months ended September 30, ~~2018 as~~2019, compared to ~~$202,432 during~~$297,296 for the nine months ended September 30, ~~2017.~~2018. This ~~increase~~decrease was a result of ~~more recently installed Company owned charging station installations having higher~~the mix of chargers generating revenue and their corresponding revenue share ~~obligations during~~percentage payments to Property Partner hosts per their agreements.

Cost of products sales increased by $380,788, or 229%, from $166,403 for the ~~three~~nine months ended September 30, 2018 as compared to ~~the same 2017 period.~~

~~Cost of product sales decreased by $79,429 or 32% from $245,832~~$547,191 for the ~~three~~nine months ended September 30, ~~2017 as compared to $166,403 for the three months ended September 30, 2018.~~2019. The cost of product sales is based on the mix of the types of charging stations and parts sold.

~~Network costs decreased by $18,592, or 8%,~~ The 2019 period includes a provision for excess and obsolete inventory of $217,000 relating to ~~$218,083~~non Generation 2 inventory which was not being sold/utilized in accordance with management’s forecasts. Additionally, the increase was commensurate with increased product sales during the nine months ended September 30, ~~2018 as compared~~2019.

Network costs decreased by $6,460, or 3%, to ~~$236,675 during~~$211,623 for the nine months ended September 30, ~~2017. This~~2019, compared to $218,083 for the nine months ended September 30, 2018. The decrease was ~~attributed~~attributable to ~~renegotiated contracts with connectivity service providers (telco).~~

Warranty and repairs and maintenance costs increased by ~~$298,011,~~$52,947, or ~~1,132%~~19%, to ~~$271,686 during~~$324,633 for the nine months ended September 30, ~~2018~~2019 from ~~$(26,325) during~~$271,686 for the nine months ended September 30, ~~2017. In 2017, our actual~~2018. The increase was attributable to significant efforts expended to reduce the backlog in warranty cases. As of September 30, 2019, we recorded a liability of $25,000 representing the estimated cost of ~~fulfilling~~existing backlog of known warranty ~~obligations were less than expected as warranty work was performed by employees at a lower~~cases. We estimate the cost ~~than estimated. In 2018, in order~~ to ~~resolve the warranty backlog issue, the Company retained third parties~~repair chargers which we own to ~~perform these services at a cost more closely approximating the estimate.~~

Depreciation and amortization expense declined by ~~$75,457,~~$126,346, or ~~25%~~57%, to $96,365 for the nine months ended September 30, 2019, compared to $222,711 for the nine months ended September 30, 2018, as ~~compared to $298,168 for the nine months ended September 30, 2017, as~~ additional underlying assets became fully depreciated during ~~2018.~~2019 and the impact upon depreciation expense as a result of the of the longer lives associated with the Generation 2 chargers deployed in 2018 which replaced shorter life chargers.

Compensation expense ~~increased~~decreased by ~~$3,626,052,~~$2,712,719, or ~~89%~~35%, from ~~$4,091,681~~$7,717,733 (consisting of approximately ~~$2.7 million~~$4,000,000 of cash compensation and approximately ~~$1.4 million~~$3,700,000 of non-cash compensation) for the nine months ended September 30, ~~2017~~2018, to ~~$7,717,733~~$5,005,014 (consisting of approximately ~~$4.0 million~~$4,400,000 of cash compensation and approximately ~~$3.7 million~~$600,000 of non-cash compensation) for the nine months ended September 30, ~~2018.~~

2019. The ~~increase~~decrease was primarily attributable to ~~increased payroll expenses~~a decrease in non-cash compensation of ~~$640,601~~$3,100,000 due to ~~$2,542,494 during~~common stock awards and $337,000 in cash bonuses to the ~~nine months ended September 30,~~Chief Executive Officer and the Chief Operating Officer in 2018, ~~compared~~a reduction in cash fees paid to ~~$1,901,893 during the 2017 period. The~~Board of Directors of $87,000, a reduction in recruiting expense of $95,000 offset by an increase ~~was primarily attributable to increased~~in payroll and related ~~tax expenses~~benefits of ~~$655,101 to $2,761,987 during the nine months ended September 30, 2018 compared to $2,106,886 during the 2017 period~~$998,000 due to the hiring of additional employees and senior management. Furthermore, $3,106,475 of the compensation expense increase was due to stock based compensation, inclusive of payroll tax gross ups, granted to officers and directors of Company during the period. Recruiting fees related to the hiring of additional senior management in 2018 resulted in $156,735 of fees in 2018. This increase was partially offset, by a decrease in commissions expense of $276,239 to $12,229 during the nine months ended September 30, 2018, compared to $288,468 during the nine months ended September 30, 2017 as the old commissions program was terminated during the 2018 period

General and administrative expenses increased by ~~$175,110,~~$248,478, or ~~23%~~26%, from ~~$774,482~~$949,592 for the nine months ended September 30, ~~2017~~2018 to ~~$949,592~~$1,198,070 for the ~~three~~nine months ended September 30, ~~2018. Investor relations~~2019. During the nine months ended September 30, 2019, we commenced a Sarbanes-Oxley, third-party review in order to further document and strengthen our internal controls resulting in related fees ~~increased~~of $190,000. During the 2019 period, we completed our federal tax filing project whereby our federal filings are current and up-to-date resulting in an increase of $60,000 in tax preparation fees. We anticipate that out of state and local tax filings will be current and up-to date during the first calendar quarter of 2020. We also incurred an increase in marketing expenses of $120,000 to promote Blink brand awareness and to support the sales and deployment effort of our Generation 2 chargers and net increase in increase in general and administrative expenses of $195,000 for the nine months ended September 30, 2019. The $195,000 was comprised primarily of increases in corporate registration expenses of approximately $33,000, bad debt expense of approximately $38,000 and external consulting expenses of approximately $27,000.These expense increases were offset by ~~$189,890~~a decrease in legal fees of $78,000 during the nine months ended September 30, ~~2018~~2019 primarily because of the establishment of our internal Office of General Counsel resulting in a greater amount of our legal work being attended to internally. Investor relations expenses decreased by $151,000 in the 2019 period as we terminated its contract with its investor relations ~~professionals were initially retained in 2018. Furthermore, our~~firm during the first calendar quarter of 2019. Our annual shareholder meeting was held on September 7, 2018 resulting in ~~incremental~~higher expenses specific to the 2018 period totaling ~~$91,776. This was partially offset in a decrease in legal fees of $149,909~~$88,000. Our current year’s annual shareholder meeting is scheduled during the ~~three months ended September 30, 2018 compared to the 2017 period as result~~fourth calendar quarter of ~~a decrease in litigation matters.~~2019.

Other operating expenses increased by ~~$314,899,~~$777,097, or ~~46%~~78%, from ~~$681,630 for the nine months ended September 30, 2017 to~~ $996,529 for the nine months ended September 30, ~~2018.~~2018 to $1,773,626 for the nine months ended September 30, 2019. The increase was primarily attributable to an increase in ~~rent expense~~insurance expenses of ~~$58,049~~$71,000 primarily related to Directors and Officers liability insurance, an increase of $273,000 related to the update of our ~~move~~Blink network software, an increase in travel expenses of $138,000 in association with our efforts to aenter the European EV market, an increase in rent of $136,000 as result of moving into our larger ~~office space within~~corporate offices in Miami Beach ~~Florida~~in September 2018, an increase of $45,000 in state income tax as a result our 2019 initiative to bring our state and local income tax filing on a current and up-to date basis, an increase in software expenses of $88,000 relating to the implementation and related software license purchase of our ~~leasing~~Oracle software, an increase in the loss upon disposal of ~~additional adjacent space to our existing Phoenix, Arizona location~~fixed assets of $60,000 as a result of an ongoing Exchange Program whereby old Generation 1 chargers are being exchanged for more technologically advanced Generation 2 chargers and a general net decrease in other operating expenses of $34,000 during the ~~three~~nine months ended September 30, 2018 offset by a decrease in storage facility rentals of $28,130. Additionally, there was an increase in second generation electric charger product development expense of $93,554 as well as an increase in personal property tax expense of $36,902 as a result of a higher provision during the 2018 period relating to the increase in the number of Company owned chargers. Past due sales, payroll taxes and related penalties resulted in an increased expense of $92,317.2019.

Other income ~~(expense) increased~~decreased by ~~$103,943,830~~$7,316,740 from ~~an expense of $95,893,965 for the nine months ended September 30, 2017 to income of~~ $8,049,865 for the nine months ended September 30, ~~2018.~~2018 to $731,125 for the nine months ended September 30, 2019. During the nine months ended September 30, 2019, we settled accounts payable resulting in a gain of $254,000 and $360,000 of notes payable, inclusive of accrued interest to the former members of 350 Green in exchange for the cancellation of the notes, the return of 8,066 of our common shares and the payment of $50,000, in 2018, to the former members of 350 Green, resulting in a gain of $310,000. Additionally, we realized net investment income from our cash and marketable securities portfolio of $240,000, and an increase market value of Low Carbon Fuel Standard credits of $21,000. During the nine months ended September 30, 2018, we settled ~~approximately $17.8 million~~$17,800,000 of obligations to JMJ with the issuance of Series D Convertible Preferred Stock, which resulted in a gain of approximately ~~$5.8 million. Additionally, we~~$5,800,000. We realized a decrease in the change in fair value of derivative and other accrued liabilities of ~~$77,879,937 to $4,997,721~~$4,997,621 during the nine months ended September 30, 2018 ~~compared to $72,882,216 of expense during the nine months ended September 30, 2017~~ as a result of warrant holders exchanging their warrants for equity. During the nine months ended September 30, 2018 we recorded a gain on the settlement of accounts payable of $920,352 ~~which increased by $897,438 from $22,914 during the nine months ended September 30, 2017 period.~~ This increase was due to liabilities being settled pursuant to agreements contingent upon the closing of our public offering on February 16, 2018. These items were partially offset by a loss on settlement of liabilities for equity of approximately ~~$2.1~~$2.2 million, a reduction in amortization of debt discount of ~~$1,334,751,~~$1,183,749, as well as a charge of $785,200 related to a contribution of capital by the Chief Executive ~~Chairman~~Officer during the nine months ended September 30, 2018. During the nine months ended September 30, 2018 we recorded a loss on settlement reserve of $127,941 from $12,975,588 during the nine months ended September 30, 2017 a decrease of $12,847,647 this was a result of our default on obligations to JMJ of approximately $12.5 million.

Our net loss for the nine months ended September 30, ~~2018 decreased~~2019 increased by ~~$99,969,701,~~$5,589,206, or ~~99%~~480%, to ~~$1,164,630~~$6,753,836 as compared to ~~$101,134,331 for~~$1,164,630 (for the nine months ended September 30, ~~2017.~~2018. The decrease was primarily attributable to ~~an increase~~a decrease in other income (expenses) of ~~$103,931,132.~~$7,316,740 offset by a reduction in operating expenses of $1,687,144 and an increase in gross profit of $40,390. Our net loss attributable to common shareholders for the nine months ended September 30, ~~2018~~2019 decreased by ~~$78,277,270~~$18,477,525 or ~~76%~~73%, from ~~$103,508,631~~$25,231,361 to ~~$25,231,361~~$6,753,836 for the aforementioned reasons and due to an decrease in the dividend attributable to Series C Convertible Preferred shareholders of $607,800, as well as the deemed dividend attributable to the immediate accretion of the beneficial conversion feature related to the Series B and C Convertible Preferred Stock of $23,458,931.

~~On February 16, 2018, we closed~~Our total comprehensive loss for the nine months ended September 30, 2019 was $6,645,667 whereas our underwritten public offering of an aggregate 4,353,000 shares of common stock and warrants to purchase an aggregate of 8,706,000 shares of common stock at a combined public offering price of $4.25 per unit comprised of one share and two warrants. The Public Offering resulted in $18,504,320 and $14,880,815 of gross and net proceeds, respectively, including underwriting discounts, commissions and other offering expenses of $3,623,505, which was recorded as a reduction of additional paid-in capital. Furthermore, duringtotal comprehensive income for the nine months ended September 30, 2018 ~~we issued~~was $1,164,630. The 2019 period included an ~~aggregate~~increase in the fair value of ~~4,033,660 shares~~marketable securities of ~~common stock pursuant to the exercise of warrants at an exercise price of $4.25 per share for aggregate gross proceeds of $17,143,056.~~$108,169.

	September 30, 2018		December 31, 2017			September 30, 2019		December 31, 2018
		(unaudited)				(unaudited)

Cash	$	21,304,407	$	185,151		$	7,987,019	$	15,538,849

Working Capital (Deficiency)	$	16,955,916	$	(34,762,130	)
Working Capital						$	9,026,224	$	15,586,510

Notes Payable (Gross)	$	337,966	$	5,095,064		$	10,000	$	287,966

During the nine months ended September 30, ~~2018,~~2019, we financed our activities from proceeds derived from debt and equity ~~financing.~~financings occurring in prior periods. A significant portion of the funds raised from the sale of capital stock has been used to ~~repay certain debt and other obligations,~~ cover working capital needs and personnel, office expenses and various consulting and professional fees.

For the nine months ended September 30, ~~2018~~2019 and ~~2017,~~2018, we used cash of ~~$10,584,061~~$7,374,412 and ~~$2,020,021,~~$10,584,062, respectively, in operations. Our cash use for the nine months ended September 30, 2019 was primarily attributable to our net loss of $6,753,836, adjusted for net non-cash income in the aggregate amount of $310,486, and $1,120,305 of net cash used in changes in the levels of operating assets and liabilities. Our cash used for the nine months ended September 30, 2018 was primarily attributable to our net loss of $1,164,630, ~~reduced by~~adjusted for net non-cash income in the aggregate amount of $4,070,303, and by $5,349,129 of net cash used in changes in the levels of operating assets and liabilities. ~~Our cash used for~~

During the nine months ended September 30, ~~2017~~2019, cash used in investing activities was ~~primarily attributable~~$177,418 which was used to our net loss of $101,134,331, adjusted for net non-cash expenses in the aggregate amount of $84,498,217, partially offset by $14,616,093 of net cash provided by changes in the levels of operating assetspurchase charging stations and ~~liabilities.~~

other fixed assets. During the nine months ended September 30, 2018, cash used in investing activities was $37,711, which was used to purchase charging stations and other fixed assets. ~~Net~~

There was no cash ~~used in investing~~provided by financing activities ~~was $12,681 during~~for the nine months ended September 30, ~~2017, which was used to purchase charger cables.~~

2019. Net cash provided by financing activities for the nine months ended September 30, 2018 was ~~$31,741,028,~~$31,741,029, of which ~~$15,052,973~~$16,243,055 was attributable to the ~~net~~ proceeds from the sale of common stock and warrants in our public offering, ~~and $17,143,055 in proceeds derived from investors in our~~reduced by issuance costs related to the public offering ~~subsequently exercising their purchased warrants to purchase our common stock. Additionally,~~of $1,190,082 that were paid by us during the period. In addition, $305,000 was provided in connection with the issuances of notes payable, offset by the repayment of notes payable of ~~$760,000 from public offering proceeds. Net cash provided by financing activities for the nine months ended September 30, 2017 was $2,035,866, of which $2,067,745~~$760,000. Additionally, $17,143,056 was provided in connection with ~~the issuance of convertible notes payable partially offset by $38,263 of payment of future offering costs,~~

Through September 30, ~~2018,~~2019, we incurred an accumulated deficit since inception of ~~$157,599,908.~~$166,610,317. As of September 30, ~~2018,~~2019, we had cash and working capital of ~~$21,304,407~~$7,987,019 and ~~$16,955,916,~~$9,026,224 respectively. During the three and nine months ended September 30, ~~2018,~~2019, we had net ~~loss~~losses of ~~$2,135,933~~$2,622,989 and ~~$1,164,630,~~$6,753,836, respectively.

~~During the nine months ended~~As of September 30, ~~2018,~~2019, the Company ~~entered into~~had remaining purchase commitments to acquire second generation charging stations with an aggregate value of ~~$3,156,629.~~$2,070,956. The Company has ~~an aggregate~~a remaining deposit of ~~$792,204 for these charging stations,~~$175,235 against this commitment, which is included within prepaid expenses and other current assets on the ~~Company’s~~ condensed consolidated balance sheet as of September 30, ~~2018. As of September 30, 2018, the Company had a~~2019. The remaining ~~purchase~~ commitment of ~~$2,512,010, which~~$1,262,165 will ~~come~~become due upon delivery of the charging stations.

There has been no material change in the planned use of proceeds from the public offering as described in our ~~Prospectus,~~public offering prospectus, dated February 13, 2018. Approximately $4.4 million was to be used for the repayment of certain debt and other obligations, of which, as of ~~March 27, 2018,~~September 30, 2019, approximately $3.8 million ~~has~~had been paid. ~~The~~To date, the remaining amount ~~will be~~has been used as follows:

We ~~believe~~have not yet achieved profitability and expect to continue to incur cash outflows from operations. It is expected that our ~~current cash on hand~~operating expenses will continue to increase and, as a result, we will eventually need to generate significant product revenues to achieve profitability. These conditions indicate that there is ~~sufficient~~substantial doubt about our ability to ~~meet our obligations, operating and capital requirements for at least~~continue as a going concern within one year after the ~~next twelve months from the~~issuance date of the financial statements included in this ~~filing. Thereafter,~~Report. Historically, we ~~may need~~have been able to raise ~~further capital, through the sale of additional equity or debt securities, or other debt instruments~~funds to support our ~~future operations. Our operating needs include~~business operations, although there can be no assurance, we will be successful in raising additional funds in the ~~planned costs~~future. We expect to ~~operate our business, including amounts~~have the cash required to fund ~~working~~our operations into the third quarter of 2020 while we continue to apply efforts to raise additional capital.

Since inception, our operations have primarily been funded through proceeds received in equity and debt financings. Although management believes that we have access to capital resources, there are currently no commitments in place for new financing at this time and ~~capital expenditures. Our future capital requirements and the adequacy of our available~~there is no assurance that we will be able to obtain funds ~~will depend~~ on many factors, including our ability to successfully commercialize our products and services, competing technological and market developments, and the need to enter into collaborations with other companies or acquire other companies or technologies to enhance or complement our product and service offerings.commercially acceptable terms, if at all. There is also no assurance that the amount of funds we might raise will enable us to complete our development initiatives or attain profitable operations. If we are unable to obtain additional financing on a timely basis, we may have to curtail our development, marketing and promotional activities, which would have a material adverse effect on our business, financial condition and results of operations, and ultimately, we could be forced to discontinue our operations and liquidate.

~~Since inception,~~Our operating needs include the planned costs to operate our ~~operations have primarily been funded through proceeds from equity~~business, including amounts required to fund working capital and ~~debt financings. Although management believes that we have access~~capital expenditures. Our future capital requirements and the adequacy of our available funds will depend on many factors, including our ability to ~~capital resources, there are currently no commitments in place for new financing at this time. There is no assurance that we will be able~~successfully commercialize our products and services, competing technological and market developments, and the need to ~~obtain funds on commercially acceptable terms, if at all.~~enter into collaborations with other companies or acquire other companies or technologies to enhance or complement our product and service offerings.

For a description of our critical accounting policies, see Note 23 – Summary of Significant Accounting Policies in Part 1, Item 1 of this Quarterly Report on Form 10-Q.

For a description of our recently issued accounting ~~pronouncements,~~standards, see Note 23 – Summary of Significant Accounting Policies in Part 1, Item 1 of this Quarterly Report on Form 10-Q.

We do not have any off-balance sheet arrangements, financings, or other relationships with unconsolidated entities or other persons, also known as “special purpose entities” (SPEs).

We are not required to provide the information required by this Item because we are a smaller reporting company.

As of September 30, ~~2018,~~2019, being the end of the period covered by this Report, our management conducted an evaluation, under the supervision and with the participation of our chief executive officer and chief financial officer, of the effectiveness of our disclosure controls and procedures (as defined in Rule 13a-15(e) and Rule 15d-15(e) under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

Disclosure controls and procedures are designed to provide reasonable assurance that information required to be disclosed in our reports filed or submitted under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms, and that such information is accumulated and communicated to our management, including our chief executive officer and chief financial officer, as appropriate, to allow for timely decisions regarding required disclosure.

Based on that evaluation, our chief executive officer and chief financial officer concluded that, as of September 30, ~~2018,~~2019, our disclosure controls and procedures were not effective due to the material weaknesses in our internal control over financial reporting as discussed in - Item 9A. Controls and Procedures of- the Company’s Form 10-K for the fiscal year ended December 31, ~~2017,~~2018, under the heading “Management’s Report on Internal Control Over Financial Reporting” and that continued to exist as of September 30, ~~2018.~~

~~We continue~~However, as part of its ongoing remediation initiative and with the help of an outside firm, management continued to ~~address~~commit substantial resources to documenting and evaluating our internal controls during the quarter. This included:

Management expects to make and report continuous progress in the effective remediation of the identified material weaknesses by hiring additional finance and accounting personnel, including a new Chief Financial Officer (“CFO”) who we hired in July 2018. The CFO will monitor progress in this regard and make arrangements to obtain outside advisory and consulting services to assist with the SOX compliance effort.weaknesses.

Effective July 1, 2018, we adopted Accounting Standards Codification (“ASC”) 842, “Leases” (“ASC 842”). ASC 842 requires management to make significant judgments and estimates. As a result, we implemented changes to our internal controls related to lease evaluation for the three and nine months ended September 30, 2018. These changes include updated accounting policies affected by ASC 842 as well as redesigned internal controls over financial reporting related to ASC 842 implementation. Additionally, management has expanded data gathering procedures to comply with the additional disclosure requirements and ongoing contract review requirements.

Except as stated above, there were no changes in our internal control over financial reporting identified in management’s evaluation pursuant to Rules 13a-15(d) or 15d-15(d) of the Exchange Act during the quarter ended September 30, 2018 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

In designing and evaluating the disclosure controls and procedures and internal control over financial reporting, management recognizes that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives. In addition, the design of disclosure controls and procedures and internal control over financial reporting must reflect the fact that there are resource constraints and that management is required to apply judgment in evaluating the benefits of possible controls and procedures relative to their costs.

There were no changes in our internal control over financial reporting identified in management’s evaluation pursuant to Rules 13a-15(d) or 15d-15(d) of the Exchange Act during the quarter ended September 30, 2019 that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

For a description of our legal proceedings, see Note 11 – Commitments and Contingencies – Litigation and Disputes in Part 1, Item 1 of this Quarterly Report on Form 10-Q.

In addition to the information set forth under Item 1A of Part I to our Annual Report on Form 10-K for the year ended December 31, ~~2017,~~2018, the information set forth at the beginning of Management’s Discussion and Analysis entitled “Special Note Regarding Forward-Looking Information,” and updates noted below, you should consider that there are numerous and varied risks, known and unknown, that may prevent us from achieving our goals. If any of these risks actually occur, our business, financial condition or results of operation may be materially and adversely affected. In such case, the trading price of our common stock could decline and investors could lose all or part of their investment. These risk factors may not identify all risks that we face and our operations could also be affected by factors that are not presently known to us or that we currently consider to be immaterial to our operations.

We have a history of significant losses, and if we do not achieve and sustain profitability, our financial condition could suffer.

We have experienced significant net losses, and we expect to continue to incur losses for the foreseeable future. We incurred net losses of approximately ~~$2,135,933~~$2.6 million and ~~$93,620,432~~$2.1 million for the three months ended September 30, ~~2018~~2019 and ~~2017,~~2018, respectively, and ~~incurred net losses~~as of ~~approximately $1,164,630 and incurred a net loss of approximately $101,134,331 during the nine months ended~~ September 30, ~~2018 and 2017, respectively. Our~~2019, our accumulated deficit ~~at September 30, 2018 is $157,599,908.~~was approximately $167 million.

Our net loss for the three months ended September 30, ~~2018 decreased~~2019 increased by ~~$91,484,499,~~$474,358, or ~~98%~~22%, to ~~$2,135,933~~$2,622,989 as compared to ~~$93,620,432~~$2,148,631 for the three months ended September 30, ~~2017.~~2018. The ~~decrease~~increase was primarily attributable to a decrease in other income (expenses) of ~~$93,764,700.~~ $1,208,786 offset by a reduction of operating expenses of $719,944 and an increase in gross profit of $14,484. Our net loss attributable to common shareholders for the three months ended September 30, 2019 increased by $474,358, or 22%, from $2,148,631 to $2,622,989 for the aforementioned reasons.

Our net loss for the nine months ended September 30, ~~2018 decreased~~2019 increased by ~~$99,969,701,~~$5,589,206, or ~~99%~~480%, to ~~$1,164,630~~$6,753,836 as compared to ~~$101,134,331~~$1,164,630 for the nine months ended September 30, ~~2017.~~2018. The ~~decrease~~increase in the loss was primarily attributable to ~~an increase~~a decrease in other income (expenses) of ~~$103,931,132.~~$7,316,740 offset by a reduction in operating expenses of $1,687,144 and an increase in gross profit of $40,390. Our net loss attributable to common shareholders for the nine months ended September 30, 2019 decreased by $18,477,525 or 73%, from $25,231,361 to $6,753,836 for the aforementioned reasons and due to a decrease in the dividend attributable to series c convertible preferred shareholders of $607,800, as well as the deemed dividend attributable to the immediate accretion of the beneficial conversion feature related to the series b and c convertible preferred stock of $23,458,931.

If our revenue grows ~~more slowly~~slower than we anticipate, or declines, or if our operating expenses are higher than we expect, we may not be able to achieve profitability and our financial condition could suffer. Even if we achieve profitability in the future, we may not be able to sustain profitability in subsequent periods. Whether we can achieve cash flow levels sufficient to support our operations cannot be accurately predicted. Unless such cash flow levels are ~~attained,~~achieved, we may need to borrow additional funds or sell debt or equity securities, or some combination of both, to provide funding for our operations. Such additional funding may not be available on commercially reasonable terms, orif at all. These conditions raise substantial doubt about our ability to continue as a going concern within a year after the issuance date of these financial statements.

We have a significant number of shares of our common stock issuable upon conversion of certain outstanding options, warrants and convertible preferred stock, and the issuance of such shares upon exercise or conversion will have a significant dilutive impact on our stockholders. Sales of a substantial number of shares of our common stock following the expiration of lock-ups may also adversely affect the market price of our common stock and the issuance of additional shares will dilute all other stockholders.

As of November ~~9, 2018,~~11, 2019, there ~~are~~were outstanding warrants and stock options to purchase ~~6,852,861~~6,840,049 and ~~58,968~~128,008 shares of our common stock, respectively. The warrants and options have a weighted average exercise price of $4.64 and $18.01, respectively.

As of November ~~9, 2018,~~11, 2019, there ~~are 1,747,756~~were 1,642,628 shares of common stock issuable upon conversion of our outstanding shares of ~~Series~~series D preferred stock.

In addition, our articles of incorporation ~~as amended, permits~~permit the issuance of up to approximately ~~463~~473 million additional shares of common stock. Thus, we have the ability to issue a substantial number of shares of common stock in the future, which would dilute the percentage ownership held by our stockholders.

We and our officers, directors and certain stockholders have agreed, subject to customary exceptions, not to, without the prior written consent of Joseph Gunnar & Co., LLC, the representative of the underwriters in our February 2018 public offering, during the period ending on August 15, 2018 (180 days from February 16, 2018, the closing date of the public offering) in the case of our company and our directors and officers, and up to November 13, 2018 (270 days from February 16, 2018) in the case of certain stockholders, directly or indirectly, offer to sell, sell, pledge or otherwise transfer or dispose of any of shares of our common stock, enter into any swap or other derivatives transaction that transfers to another any of the economic benefits or risks of ownership of shares of our common stock, make any demand for or exercise any right or cause to be filed a registration statement with respect to the registration of any shares of common stock or securities convertible into or exercisable or exchangeable for common stock or any other securities of our company or publicly disclose the intention to do any of the foregoing.

After the lock-up agreements with certain stockholders expire: (i) on November 13, 2018 (270 days from February 16, 2018), unless waived earlier by the representative, up to 8,367,879 shares that had been locked up will be eligible for future sale in the public market. After the lock-up agreements with our directors and officers, Horton Capital and JMJ expire on August 15, 2018 (180 days from February 16, 2018), unless waived earlier by the representative, up to 7,707,819 shares (including shares of common stock issuable upon conversion of our series D preferred stock) that had been locked up will be eligible for future sale in the public market. Sales of a significant number of these shares of common stock in the public market could reduce the market price of the common stock.

~~ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.~~During the quarterly period ended September 30, 2019, there have been no unregistered sales of equity securities that have not been previously disclosed in a Current Report on Form 8-K, except as described below:

On ~~March 16, 2018, we~~July 26, 2019, the Company issued ~~443,542~~4,630 shares of ~~our~~restricted common stock to a consultant for services rendered with aan issuance date fair value of ~~$1,284,271 at issuance date in satisfaction of liabilities.~~

~~On March 20, 2018, we issued 141,582 shares of our common stock with a fair value of $461,251 at issuance date in satisfaction of liabilities.~~

~~On March 22, 2018, we issued 1,835,225 shares of our common stock with a fair value of $5,249,743 at issuance date in satisfaction of liabilities.~~

~~On April 3, 2018, we issued 25,669 shares of our common stock with a fair value of $70,000 at issuance date in satisfaction of liabilities.~~$12,316.

On September ~~7, 2018, we~~25, 2019, the Company issued ~~188,501~~20,000 shares of ~~our~~ common stock to consultants with a issuance date fair value of ~~$601,318~~$52,800.

During the three months ended September 30, 2019, the Company granted options to purchase an aggregate of 100 shares of Common Stock at ~~issuance date~~an exercise price of $2.99 per share to one recipient.

The issuances described in ~~satisfaction~~Item 2 were deemed to be exempt from registration under the Securities Act in reliance on Section 4(a)(2) of ~~liabilities.~~the Securities Act as transactions by an issuer not involving a public offering. The recipients of securities in each such transaction represented their intention to acquire the securities for investment only and not with a view to or for sale in connection with any distribution thereof and appropriate legends were affixed to the share certificates and other instruments issued in such transactions. All recipients either received adequate information about the Company or had access, through employment or other relationships, to such information.

* In accordance with SEC Release 33-8238, Exhibits 32.1 and 32.2 are being furnished and not deemed filed for purposes of Section 18 of the Exchange Act.

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

407 Lincoln Road, Suite 704
Miami Beach, Florida		33139-3024
(Address of principal executive offices)		(Zip Code)

Title of Each Class	Trading Symbol(s)	Name of Each Exchange on Which Registered
Common Stock	BLNK	The NASDAQ Stock Market LLC
Common Stock Purchase Warrants	BLNKW	The NASDAQ Stock Market LLC

	Page

PART I - FINANCIAL INFORMATION

Item 1. Financial Statements.	3

Condensed Consolidated Balance Sheets as of September 30, ~~2018~~2019 (Unaudited) and December 31, ~~2017~~2018	31

Unaudited Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, ~~2018~~2019 and ~~2017~~2018	2

Unaudited Condensed Consolidated Statements of Comprehensive (Loss) Income for the Three and Nine Months Ended September 30, 2019 and 2018	3

Unaudited Condensed Consolidated Statement of Changes in Stockholders’ Equity for the Nine Months Ended September 30, 2019	4

Unaudited Condensed Consolidated Statement of Changes in Stockholders’ Equity ~~(Deficiency)~~ for the ~~Three and~~ Nine Months Ended September 30, 2018	5

~~Unaudited Condensed Consolidated Statement of Changes in Stockholders’ Deficiency for the Three and Nine Months Ended September 30, 2017~~	6

Unaudited Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, ~~2018~~2019 and ~~2017~~2018	76

Notes to Unaudited Condensed Consolidated Financial Statements	98

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.	2620

Item 3. Quantitative and Qualitative Disclosures About Market Risk.	3227

Item 4. Controls and Procedures.	3228

PART II - OTHER INFORMATION

Item 1. Legal Proceedings.	3429

Item 1A. Risk Factors.	3429

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.	3530

Item 3. Defaults Upon Senior Securities.	3530

Item 4. Mine Safety Disclosures.	3530

Item 5. Other Information.	3530

Item 6. Exhibits.	3631

SIGNATURES	3732

	Convertible Preferred Stock												Additional						Non Controlling			Total
	Series A				Series C				Common Stock				Paid-In			Accumulated			Interest			Stockholders’
	Shares		Amount		Shares		Amount		Shares		Amount		Capital			Deficit			Deficit			Deficiency

Balance - January 1, 2017		11,000,000	$	11,000		150,426	$	150		1,609,530	$	1,610	$	64,078,182		$	(81,071,782	)	$	(3,831,314	)	$	(20,812,154	)

Stock-based compensation		-		-		-		-		-		-		35,961			-			-			35,961

Series C convertible preferred stock dividends:
Accrual of dividends earned		-		-		-		-		-		-		(754,900	)		-			-			(754,900	)

Net loss		-		-		-		-		-		-		-			(3,097,732	)		-			(3,097,732	)
Balance - March 31, 2017		11,000,000	$	11,000		150,426	$	150		1,609,530	$	1,610	$	63,359,243		$	(84,169,514	)	$	(3,831,314	)	$	(24,628,825	)

Stock-based compensation		-		-		-		-		-		-		25,766			-			-			25,766

Series C convertible preferred stock issued in satisfaction of public information fee		-		-		30,235		30		-		-		3,023,470			-			-			3,023,500

Series C convertible preferred stock issued in satisfaction of registration rights penalty		-		-		12,455		13		-		-		1,245,487			-			-			1,245,500

Series C convertible preferred stock dividends:
Accrual of dividends earned		-		-		-		-		-		-		(790,900	)		-			-			(790,900	)
Payment of dividends in kind		-		-		19,050		19		-		-		1,904,981			-			-			1,905,000

Common stock issued in partial satisfaction of debt		-		-		-		-		21,166		21		181,904			-			-			181,925

Deconsolidation of 350 Green		-		-		-		-		-		-		-			-			3,831,314			3,831,314

Net loss		-		-		-		-		-		-		-			(4,416,167	)		-			(4,416,167	)

Balance - June 30, 2017		11,000,000	$	11,000		212,166	$	212		1,630,696	$	1,631	$	68,949,951		$	(88,585,681	)	$	-		$	(19,622,887	)

Stock-based compensation		-		-		-		-		10,000		10		142,209			-			-			142,219

Series C convertible preferred stock dividends:
Accrual of dividends earned		-		-		-		-		-		-		(828,500	)		-			-			(828,500	)
Payment of dividends in kind		-		-		8,266		8		-		-		826,492			-			-			826,500

Common stock issued in exchange for warrants		-		-		-		-		3,170,937		3,171		46,384,662			-			-			46,387,833

Impact of share rounding as a result of reverse stock split		-		-		-		-		999		1		-			-			-			1

Net loss		-		-		-		-		-		-		-			(93,620,432	)		-			(93,620,432	)

Balance - September 30, 2017		11,000,000	$	11,000		220,432	$	220		4,812,632	$	4,813	$	115,474,814		$	(182,206,113	)	$	-		$	(66,715,266	)

	●	In the Company’s comprehensive ~~turnkey~~Turnkey business model, Blink owns and operates the EV charging equipment, undertakes and manages the installation, maintenance and related services, and Blink ~~keeps~~retains substantially all of the EV charging ~~revenue~~.revenue.

●	In the Company’s Hybrid business model, the Property Partner incurs the installation costs,, while Blink provides the charging equipment. Blink operates and manages the EV charging station and provides connectivity of the charging station to the Blink ~~Network..~~Network. As a result, Blink shares a greater portion of the EV charging revenue with the Property Partner than under the turnkey ~~mode~~model above.

●	In the Company’s Host owned business model, the Property Partner purchases, owns and manages the Blink EV charging station, and incurs the installation costs of the equipment, while Blink provides site recommendations, connectivity to the Blink Network and optional maintenance services, and the Property Partner ~~keeps~~retains substantially all of the EV charging revenue.

Large accelerated filer	[ ]	Accelerated filer	[ ]

Non-accelerated filer	[X]	Smaller reporting company	[X]

		Emerging growth company	[ ]

	Convertible Preferred Stock											Additional			Accumulated Other						Total
	Series D					Common Stock						Paid-In			Comprehensive			Accumulated			Stockholders’
	Shares			Amount		Shares			Amount			Capital			Income			Deficit			Equity
																					��
Balance - January 1, 2019		5,141		$	5		26,118,075		$	26,118		$	175,924,587		$	-		$	(159,856,481	)	$	16,094,229
																						-
Stock-based compensation		-			-		51,724			52			118,684			-			-			118,736
																						-
Restricted stock issued in satisfaction of accrued issuable equity		-			-		56,948			57			199,831			-			-			199,888
																						-
Common stock issued upon conversion of Series D convertible preferred stock		(16	)		-		5,128			5			(5	)		-			-			-

Return and retirement of common stock		-			-		(8,066	)		(8	)		8			-			-			-

Other comprehensive income		-			-		-			-			-			100,686			-			100,686

Net loss		-			-		-			-			-			-			(1,893,627	)		(1,893,627	)

Balance - March 31, 2019		5,125		$	5		26,223,809		$	26,224		$	176,243,105		$	100,686		$	(161,750,108	)	$	14,619,912

Restricted stock issued in satisfaction of accrued issuable equity		-			-		12,995			13			40,142			-			-			40,155

Stock-based compensation		-			-		-			-			185,632			-			-			185,632

Other comprehensive income		-			-		-			-			-			40,321			-			40,321

Net loss		-			-		-			-			-			-			(2,237,220	)		(2,237,220	)

Balance - June 30, 2019		5,125		$	5		26,236,804		$	26,237		$	176,468,879		$	141,007		$	(163,987,328	)	$	12,648,800

Stock-based compensation		-			-		20,000			20			59,232			-			-			59,252

Restricted stock issued in satisfaction of accrued issuable equity		-			-		4,630			4			12,311			-			-			12,315

Net loss		-			-		-			-			-			(32,838	)		(2,622,989	)		(2,655,827	)

Balance - September 30, 2019		5,125		$	5		26,261,434		$	26,261		$	176,540,422		$	108,169		$	(166,610,317	)	$	10,064,540

	September 30, 2019		December 31, 2018

Short-term investments:
Available- for-sale investments	$	3,032,399	$	2,878,664

	September 30, 2019
	Gross Unrealized Gains		Fair Value
Fixed income	$	108,169	$	3,032,399

	●	Charging service revenue – company-owned charging stations - Revenue is recognized at the point when a particular charging session is completed.
	●	Product sales – Revenue is recognized at the point where the customer obtains control of the goods and the Company satisfies its performance obligation, which generally is at the time it ships the product to the customer.
	●	Network fees and other – Represents a stand-ready obligation whereby the Company is obligated to perform over a period of time and, as a result, revenue is recognized on a straight-line basis over the contract term. Network fees are billed annually.
	●	~~Warranty revenue~~ ~~– Represents a stand-ready obligation whereby the Company is obligated to perform over a period of time and, as a result, revenue is recognized on a straight-line basis over the contract term.~~
	●	Other– Primarily related to charging service revenue from non-company-owned charging stations. Revenue is recognized from non-company-owned charging stations at the point when a particular charging session is ~~completed.~~completed in accordance with a contractual relationship between the Company and the owner of the station.

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2018			2017			2018			2017
Numerator:
Net loss attributable to common shareholders (numerator for basic earnings per share)	$	(2,148,631	)	$	(94,448,932	)	$	(25,231,361	)	$	(103,508,631	)
Less: change in fair value of derivative liabilities and other accrued liabilities		(1,040,273	)		-			(2,897,095	)		-
Adjusted net loss attributable to common shareholders (denominator for basic earnings per share)	$	(3,188,904	)	$	(94,448,932	)	$	(28,128,456	)	$	(103,508,631	)

Weighted average shares outstanding (denominator for basic earnings per share)		24,867,869			2,723,437			18,916,432			1,989,022
Plus: incremental shares from assumed common stock issuance		424,681			-			-			-
Plus: incremental shares from assumed conversion of debt		-			-			196,994			-
Adjusted weighted average shares outstanding (denominator for diluted earnings per share)		25,292,550			2,723,437			19,113,426			1,989,022

Basic earnings per share	$	(0.09	)	$	(34.68	)	$	(1.33	)	$	(52.04	)
Diluted earnings per share	$	(0.13	)	$	(34.68	)	$	(1.47	)	$	(52.04	)

	For the Three Months Ended September 30,						For the Nine Months Ended September 30,
	2019			2018			2019			2018
Numerator:
Net loss attributable to common shareholders (numerator for basic earnings per share)	$	(2,622,989	)	$	(2,148,631	)	$	(6,753,836	)	$	(25,231,361	)
Less: change in fair value of derivative liabilities and other accrued liabilities		-			(1,040,273	)		-			(2,897,095	)
Adjusted net loss attributable to common shareholders (denominator for basic earnings per share)	$	(2,622,989	)	$	(3,188,904	)	$	(6,753,836	)	$	(28,128,456	)

Weighted average shares outstanding (denominator for basic earnings per share)		26,242,567			24,867,869			26,216,266			18,916,432
Plus: incremental shares from assumed common stock issuance		-			424,681			-			-
Plus: incremental shares from assumed conversion of debt		-			-			-			196,994
Adjusted weighted average shares outstanding (denominator for diluted earnings per share)		26,242,567			25,292,550			26,216,266			19,113,426

Basic earnings per share	$	(0.10	)	$	(0.09	)	$	(0.26	)	$	(1.33	)
Diluted earnings per share	$	(0.10	)	$	(0.13	)	$	(0.26	)	$	(1.47	)

Derivative Liabilities
Beginning balance as of January 1, 2018	$	3,448,390
Exchange of derivative liability for equity		(395,175	)
Reclassify derivative liability to equity		(36,445	)
Issuance of warrants		-
Change in fair value of derivative liability		(2,992,530	)
Ending balance as of September 30, 2018	$	24,240

Warrants Payable
Beginning balance as of January 1, 2018	$	1,154,120
Exchange of warrants payable for equity		(1,281,456	)
Accrual of other warrant obligations		2,135,430
Change in fair value of warrants payable		(2,005,191	)
Ending balance as of September 30, 2018	$	2,903

Warrants Payable
Beginning balance as of January 1, 2019	$	5,965
Change in fair value of warrants payable		2,645
Ending balance as of September 30, 2019	$	8,610

				Weighted		Weighted Average
				Average		Remaining		Aggregate
	Number of			Exercise		Life		Intrinsic
	Shares			Price		In Years		Value
Outstanding, December 31, 2017		275,332		$	43.15
Issued		10,795,848			4.25
Exercised		(4,033,660	)		4.25
Cancelled/forfeited/expired		(184,659	)		47.09
Outstanding, September 30, 2018		6,852,861		$	4.66		4.4	$	18,900

Exercisable, September 30, 2018		6,852,861		$	4.66		4.4	$	18,900

~~Weighted Average Remaining Lease Term~~
~~Operating leases~~		~~2.75 years~~

~~Weighted Average Discount Rate~~
~~Operating leases~~		~~6.0%~~

	●	~~the VP of Sales will be entitled to receive a base salary of $10,000 per month as well as commissions on sales;~~
	●	the VP of Sales will be entitled to receive an aggregate payment of $225,000 in connection with the VP of Sales’ previous employment agreement with the Company dated July 16, 2015 payable in January 2019;
	●	~~the VP of Sales is entitled to receive restricted common stock with an aggregate value of $250,000, half of which vests in January 2019 and half vests on October 19, 2019; and~~
	●	~~all previously outstanding vested options may be exercised in accordance with their terms and all previously outstanding unvested options shall be forfeited;~~

	●	In our comprehensive ~~turnkey~~Turnkey business model, we own and operate the EV charging equipment, ~~undertakes~~undertake and ~~manages~~manage the installation, maintenance and related services, and we keep substantially all of the EV charging revenue.

●	In our Hybrid business model, the Property Partner incurs the installation costs, while we provide the EV charging equipment. We operate and manage the EV charging station and provide connectivity of the charging station to the Blink Network. As a result, we share a greater portion of the EV charging revenue with the Property Partner than under the turnkey ~~business~~ model above.

●	In our Host owned business model, the Property Partner purchases, owns and manages the Blink EV charging station, incurs the installation costs of the equipment, while we provide site recommendations, connectivity to the Blink Network and optional maintenance services, and the Property Partner keeps substantially all of the EV charging revenue.

●	~~(i)~~	~~Electricity~~electricity reimbursements ~~which~~that are unique to those Property Partner host agreements which provide for such ~~reimbursements~~reimbursements;
●	~~(ii)~~	~~Revenue~~revenue share payments are predicated on the contractual obligation under the ~~Property Partner~~property partner agreement and the revenue generated by the applicable ~~chargers.~~chargers;
●	~~(iii)~~	~~Cost~~cost of charging stations sold is predicated on the mix of types of charging stations and parts sold during the ~~period~~period;
●	~~(iv)~~	~~Network~~network costs are fixed in nature based on the number of chargers connected to the telco network regardless of ~~regardless of~~ whether the charger generates ~~revenue.~~revenue
●	~~(v)~~Provisions for excess and obsolete inventory; and
●	~~Warranty~~warranty and repairs and maintenance expenses are based on both the number of service cases completed during the ~~period and the number of service cases awaiting service as of the end of the~~ period.

	●	~~a non-cash change~~2019. During the quarter ended September 30, 2019, we settled accounts payable resulting in a gain of $93,000. During the quarter ended September 30, 2019, we realized net income of $73,000 from our cash and marketable securities portfolio. During the quarter ended September 30, 2018, we incurred a reduction in ~~fair value of derivative and other accrued liabilities of approximately $72.1 million of which approximately $43.8 million was primarily attributable to~~ the ~~quantity of warrants held by our Executive Chairman not being subject to our Reverse Split, which, as a result of the Reverse Split, caused them to increase in value;~~
	●	~~The increase in other expense was also attributable to a loss on settlement reserve of $12.5 million, which was primarily related to our default on our note with JMJ, and~~
	●	a non-cash loss on the settlement of liabilities for equity of approximately $7.6 million which related to exchange agreements whereby the value consideration received by the counterparty exceeded the carrying value of the liability.

●	~~(vi)~~	~~Electricity~~electricity reimbursements ~~which~~that are unique to those Property Partner host agreements which provide for such ~~reimbursements~~reimbursements;
●	~~(vii)~~	~~Revenue~~revenue share payments are predicated on the contractual obligation under the ~~Property Partner~~property partner agreement and the revenue generated by the applicable ~~chargers.~~chargers;
●	~~(viii)~~	~~Cost~~cost of charging stations sold is predicated on the mix of types of charging stations and parts sold during the ~~period~~period;
●	~~(ix)~~	~~Network~~network costs are fixed in nature based on the number of chargers connected to the telco network regardless of ~~regardless of~~ whether the charger generates ~~revenue.~~revenue
●	~~(x)~~Provisions for excess and obsolete inventory; and
●	~~Warranty~~warranty and repairs and maintenance expenses are based on both the number of service cases completed during the ~~period and the number of service cases awaiting service as of the end of the~~ period.

	~~(1)~~●	Approximately ~~$4.0~~$3.7 million for the purchase or deployment of charging stations;
	~~(2)~~
●	Approximately ~~$1.0 million~~$600,000 to expand our product offerings including but not limited to completing the research and development, as well as the launch, of our next generation of EV charging ~~equipment;~~equipment and network software updates;
	~~(3)~~
●	Approximately $3.0 million to add additional staff and management in the areas of finance, sales, customer support, and engineering; and
	~~(4)~~
●	The remainder for working capital and other general corporate ~~purposes~~purposes.

	(a)	Establishing a Disclosure Controls Committee;
	(b)	Implementing enhanced disclosure controls and procedures across the organization;
	(c)	Updating the financial risk assessment on a periodic basis;
	(d)	Validating the operational effectiveness of the internal controls within the recently implemented NetSuite accounting system;
	(e)	Preparing, formalizing and putting into effect a prioritized set of accounting policies and procedures; and
	(f)	Designing and evaluating the internal controls within various business and entity-level processes including segregation of duties among personnel, to the extent practicable, in order to separate the initiation and execution of transactions and custody of assets.

Exhibit Number	Exhibit Description	Form	Exhibit	Filing Date	Herewith

3.1	Articles of Incorporation, as amended August 17, 2017.	10-K	3.1	04/17/2018

3.2	Bylaws, as amended on January 29, 2018.	10-K	3.2	04/17/2018

3.3	Certificate of Designations for Series D Preferred Stock.	8-K	3.1	02/21/2018

4.1	Warrant Agency Agreement between Blink Charging Co. and Worldwide Stock Transfer, LLC and Form of Warrant Certificate for Registered Offering.	8-K	4.1	02/21/2018

4.2	Form of Common Stock Purchase Warrant dated April 9, 2018.	8-K	4.1	04/18/2018

10.6.1	Offer Letter, dated August 28, 2018, between Blink Charging Co. and James Christodoulou.	8-K	10.1	08/30/2018

31.1	Rule 13a-14(a) Certification of Principal Executive Officer.				X

31.2	Rule 13a-14(a) Certification of Principal Financial Officer.				X

32.1*	Section 1350 Certification of Principal Executive Officer.				X

32.2*	Section 1350 Certification of Principal Financial Officer.				X

101.INS	XBRL Instance.	X

101.XSD	XBRL Schema.	X

101.PRE	XBRL Presentation.	X

101.CAL	XBRL Calculation.	X

101.DEF	XBRL Definition.	X

101.LAB	XBRL Label.	X

Date: November ~~14, 2018~~12, 2019	BLINK CHARGING CO.

	By:	/s/ Michael D. Farkas
		Michael D. Farkas
		~~Executive~~ Chairman of the Board and ~~Interim~~ Chief Executive Officer (Principal Executive Officer)