Company: MVIS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021931
Chunk: 7

Company: MICROVISION, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 7
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The
increase in interest expense during the nine months ended September 30, 2025 compared to the same period in 2024 relates to $7.3 million
of non-cash interest expense representing the discount on the 2025 Purchase Agreement for warrants and shares of common stock (see Part
I, Item 1, Note 7. Warrant Liability), $7.9 million of non-cash interest expense related to amortization of the debt discount and
issuance costs on notes payable, and $2.1 million of non-cash interest expense related to the modification of notes payable (see Part
I, Item 1, Note 6. Notes Payable and Derivative Liability).

Unrealized
gain on derivative liability

    (in thousands) 
    2025  
    2024  
    $
    change  
    %
    change 
  
    Three Months Ended September 30, 
    $1,059  
    $-  
    $1,059  
     - 
  
    Nine Months Ended September 30, 
     3,853  
     -  
     3,853  
     - 

Unrealized
gain on derivative liability reflects the revaluation of our derivative liability associated with notes payable as of September 30, 2025.
Due to the decrease in the fair value of the derivative liability as of September 30, 2025, we recognized an unrealized gain. See Part
I, Item 1, Note 6. Notes Payable and Derivative Liability for additional discussion.

Unrealized
(loss) gain on warrant liability

    (in thousands) 
    2025  
    2024  
    $
    change  
    %
    change 
  
    Three Months Ended September 30, 
    $(326) 
    $-  
    $(326) 
     - 
  
    Nine Months Ended September 30, 
     2,238  
     -  
     2,238  
     - 

Unrealized
(loss) gain on warrant liability reflects the revaluation of our warrant liability as of September 30, 2025. During the three months
ended September 30, 2025, due to the increase in the fair value of the warrant liability during the period, we recognized an unrealized
loss. During the nine months ended September 30,