Company: MVIS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001641172-25-022632
Chunk: 88

Company: MICROVISION, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 88
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 in process 
     -  
     - 
  
    Finished goods 
     3,767  
     678 
  
    Total
    inventory 
    $6,128  
    $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.

Property
and Equipment

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

 SCHEDULE
OF COMPONENTS OF PROPERTY, PLANT AND EQUIPMENT

    June 30,  
    December 31, 
  
    (in thousands) 
    2025  
    2024 
  
    Production equipment 
    $6,140  
    $6,140 
  
    Leasehold improvements 
     3,966  
     3,957 
  
    Computer hardware and software/lab equipment 
     12,371  
     12,211 
  
    Office furniture and equipment 
     5,556  
     4,973 
  
    Property
    and equipment, gross 
     28,033  
     27,281 
  
    Less: Accumulated depreciation 
     (21,294) 
     (20,220)
  
    Property and equipment,
    net 
    $6,739  
    $7,061 

Depreciation
expense was $0.3 million and $0.6 million for the three months ended June 30, 2025 and 2024, respectively, and $0.7 million and $1.1
million for the six months ended June 30, 2025 and 2024, respectively.

    17

Intangible
Assets

The
components of intangible assets were as follows as of June 30, 2025 and December 31, 2024:

 SUMMARY OF COMPONENTS OF INTANGIBLE ASSETS

    As of June 30, 2025 
    Gross  
       
    Accumulated  
    Net  
    Weighted
                                                                  Average 

    Carrying  
    Accumulated  
    Impairment  
    Carrying