Company: MVIS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021931
Chunk: 127

Company: MICROVISION, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 127
---
MicroVision,
Inc. 

Condensed
Consolidated Balance Sheets 

(In
thousands, except per share data)

(Unaudited)

    September 30,  
    December 31, 

    2025  
    2024 
  
    Assets 

    Current assets 

    Cash and cash equivalents 
    $72,832  
    $54,486 
  
    Investment securities, available-for-sale 
     26,676  
     20,216 
  
    Restricted cash, current 
     328  
     261 
  
    Accounts receivable, net of allowances 
     40  
     926 
  
    Inventory 
     8,131  
     2,294 
  
    Other current assets 
     6,969  
     4,287 
  
    Total current assets 
     114,976  
     82,470 

    Property and equipment, net 
     6,574  
     7,061 
  
    Operating lease right-of-use assets 
     15,365  
     16,746 
  
    Restricted cash, net of current portion 
     1,374  
     1,500 
  
    Intangible assets, net 
     10,281  
     10,972 
  
    Other assets 
     2,252  
     2,412 
  
    Total assets 
    $150,822  
    $121,161 

    Liabilities and shareholders’ equity 

    Current liabilities 

    Accounts payable 
    $1,339  
    $1,132 
  
    Accrued liabilities 
     3,754  
     2,542 
  
    Contract liabilities 
     147  
     308 
  
    Derivative liability 
     1,856  
     14,581 
  
    Notes payable, current 
     28,963  
     24,248 
  
    Operating lease liabilities, current 
     3,154  
     2,682 
  
    Finance lease liabilities, current 
     14  
     - 
  
    Other current liabilities 
     672  
     458 
  
    Total current liabilities 
     39,899  
     45,951 

    Notes payable, net of current portion 
     -