Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 61

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 61
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 gain was attributable to the negotiation process with Ibeo during its insolvency proceedings
                                            resulting in cash consideration paid being less than the fair value of the net assets acquired.

The
estimated fair value of acquired technology was calculated through the income approach using the multi-period excess earnings and relief
from royalty methodologies. The estimated fair value of the order backlog was calculated through the income approach using the multi-period
excess earnings methodology.

Revenue and net income from the acquisition included in the consolidated statement of operations from the acquisition
date through December 31, 2023 is $2.3 million and $3.9 million, respectively.

5.
REVENUE RECOGNITION

Disaggregation
of Revenue

The
following table provides information about disaggregated revenue by timing of revenue recognition (in thousands):

 SCHEDULE
OF DISAGGREGATION OF REVENUE

    Revenue  
    Revenue  
    Revenue  
    Total 

    Year Ended December 31, 2024 

    License and  

    Product  
    Royalty  
    Contract  

    Revenue  
    Revenue  
    Revenue  
    Total 
  
    Timing of revenue recognition: 

    Products transferred at a point in time 
    $4,117  
    $475  
    $104  
    $4,696 
  
    Products and services transferred over time 
     -  
     -  
     -  
     - 
  
    Total 
    $4,117  
    $475  
    $104  
    $4,696 

    46

    Revenue  
    Revenue  
    Revenue  
    Total 

    Year Ended December 31, 2023 

    License and  

    Product  
    Royalty  
    Contract  

    Revenue  
    Revenue  
    Revenue  
    Total 
  
    Timing of revenue recognition: 

    Products transferred at a point in time 
    $1,019  
    $4,888  
    $1,106  
    $7,013 
  
    Products and services transferred over time 
     -  
     -  
     246  
     246 
  
    Total 
    $1,019  
    $4,888  
    $1,352  
    $7,259 

    Revenue