Company: MVIS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021931
Chunk: 8

Company: MICROVISION, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 2
Chunk 8
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 2025, due to the decrease in the fair value of the warrant liability during the period,
we recognized an unrealized gain. See Part I, Item 1, Note 7. Warrant Liability for additional discussion.

Realized
loss on debt extinguishment

    (in thousands) 
    2025  
    2024  
    $
    change  
    %
    change 
  
    Three Months Ended September 30, 
    $-  
    $-  
    $-  
     - 
  
    Nine Months Ended September 30, 
     (4,654) 
     -  
     (4,654) 
     - 

As
a result of the debt modification during the nine months ended September 30, 2025, we recognized a loss on extinguishment of notes payable.
See Part I, Item 1, Note 6. Notes Payable and Derivative Liability for additional discussion.

26

Other
income

    (in thousands) 
    2025  
    2024  
    $
    change  
    %
    change 
  
    Three Months Ended September 30, 
    $140  
    $318  
    $(178) 
     (56.0)
  
    Nine Months Ended September 30, 
     363  
     1,764  
     (1,401) 
     (79.4)

The
decrease in other income during the three and nine months ended September 30, 2025 compared to the same period in 2024 is primarily due
to decreased interest income.

Liquidity
and Capital Resources

We
have incurred significant losses since inception. We have funded operations to date primarily through the sale of common stock, convertible
preferred stock, warrants, the issuance of convertible debt and, to a lesser extent, from development contract revenues, product sales,
and licensing activities. As of September 30, 2025, we had $72.8 million in cash and cash equivalents and $26.7 million in short-term
investment securities. Also on that date, we had approximately $46.2 million availability left on our existing $150.0 million ATM facility
that was put in place in the first quarter of 2024. In addition, we have a remaining commitment pursuant to the convertible note facility
of $30.0 million, subject to certain limitations. Based