Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 120

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1B
Chunk 120
---
    $49,391  
    $21,954 

    Supplemental schedule of non-cash investing and financing activities 

    Common stock issued in conversion of note payable 
    $3,745  
    $-  
    $- 

    Non-cash additions to property and equipment 
    $-  
    $-  
    $764 

    Amounts issued to escrow for acquisition consideration 
    $-  
    $6,300  
    $- 

    Acquisition of right-of-use asset 
    $5,395  
    $1,338  
    $10,184 

    Accrued financing fees 
    $-  
    $(32) 
    $- 

    Foreign currency translation adjustments 
    $(210) 
    $184  
    $- 

    Unrealized (gain) loss on investment securities, available-for-sale 
    $-  
    $153  
    $(108)

The following table provides
a reconciliation of the cash, cash equivalents, and restricted cash balances as of December 31, 2024, 2023 and 2022: 

    2024  
    2023  
    2022 

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Cash and cash equivalents 
    $54,486  
    $45,167  
    $20,536 
  
    Restricted cash, current 
     261  
     3,263  
     - 
  
    Restricted cash, net of current portion 
     1,500  
     961  
     1,418 
  
    Cash, cash equivalents and restricted cash 
    $56,247  
    $49,391  
    $21,954 

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

38

MicroVision,
Inc.

Notes
to Consolidated Financial Statements

1.
DESCRIPTION OF BUSINESS

MicroVision,
Inc. is committed to driving the global adoption of proprietary products, which leverage deterministic AI at the edge with the
Company’s innovative perception and application software running on diverse lidar sensors. The Company’s solutions
enable ADAS and autonomy features for customers in a wide range of industries including robotics, automated warehouse, agriculture,
mining, military, and automotive. The