Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 624

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
Chunk 624
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    Years Ended December 31, 
    Revenue  
    Expense  
    Total 
  
    2025 
    $869  
             54  
    $923 
  
    2026 
     869  
     27  
     896 
  
    2027 
     829  
     1  
     830 
  
    2028 
     825  
     -  
     825 
  
    2029 
     825  
     -  
     825 
  
    Thereafter 
     6,673  
     -  
     6,673 
  
    Total 
    $10,890  
    $82  
    $10,972 

Accrued
Liabilities

Accrued
liabilities consists of the following (in thousands):

 SCHEDULE OF ACCRUED LIABILITIES

    2024  
    2023 

    December 31, 

    2024  
    2023 
  
    Bonuses 
    $571  
    $1,359 
  
    Payroll and payroll taxes 
     1,127  
     3,704 
  
    Income taxes payable 
     20  
     2,111 
  
    Accrued professional fees 
     140  
     236 
  
    Liabilities to suppliers 
     381  
     885 
  
    Other 
     303  
     345 
  
    Total accrued liabilities 
    $2,542  
    $8,640 

In
addition, as of December 31, 2023, the accrued liability for Ibeo business combination on the consolidated balance sheet in the amount
of $6.3 million included $3.3 million that was withheld from the Purchase Price and held in escrow for a maximum period of 13 months
post-Closing as partial security for potential claims arising out of or in connection with the Asset Purchase Agreement and a $3.0 million
holdback. Both were settled during the year ended December 31, 2024.

9.
SHARE-BASED COMPENSATION

The
Company issues share-based compensation to employees in the form of restricted stock units (RSUs), performance stock units (PSUs), and
stock options. The following table summarizes the amount of share-based