Company: MVIS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021931
Chunk: 153

Company: MICROVISION, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 153
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idend yield 
     0% 
     0%
  
    Volatility 
     71.25% 
     80.14%

8.
FINANCIAL STATEMENT COMPONENTS

The
following financial statement components have significant balances as of September 30, 2025.

Inventory

Inventory
consists of the following as of September 30, 2025 and December 31, 2024:

 SCHEDULE OF COMPONENTS OF INVENTORY

    September
30,  
    December 31, 
  
    (in thousands) 
    2025  
    2024 
  
    Raw materials 
    $3,096  
    $1,616 
  
    Work in process 
     -  
     - 
  
    Finished goods 
     5,035  
     678 
  
    Total inventory 
    $8,131  
    $2,294 

Inventory
is computed using the first-in, first-out (FIFO) method and is stated at the lower of cost and net realizable value. Management periodically
assesses the need to account for obsolescence of inventory and adjusts the carrying value of inventory to its net realizable value when
required.

    17

Property
and Equipment

Property
and equipment consists of the following as of September 30, 2025 and December 31, 2024:

 SCHEDULE
OF COMPONENTS OF PROPERTY, PLANT AND EQUIPMENT

    September 30,  
    December 31, 
  
    (in thousands) 
    2025  
    2024 
  
    Production equipment 
    $6,140  
    $6,140 
  
    Leasehold improvements 
     4,080  
     3,957 
  
    Computer hardware and software/lab equipment 
     12,347  
     12,211 
  
    Office furniture and equipment 
     5,548  
     4,973 
  
    Property and equipment, gross 
     28,115  
     27,281 
  
    Less: Accumulated depreciation 
     (21,541) 
     (20,220)
  
    Property and equipment,
    net 
    $6,574  
    $7,061 

Depreciation
expense was $0.4 million and $0.6 million for the three months ended September 30,