Company: MVIS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009765
Chunk: 202

Company: MICROVISION, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 202
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6,673  
     -  
     6,673 
  
    Total 
    $10,673  
    $66  
    $10,739 

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. Share-based awards are accounted for by recognizing the fair value of share-based compensation expense on a straight-line
basis over the service period of the award, net of estimated forfeitures. The fair value of RSUs and PSUs is determined by the closing
price of common stock on the date of grant. The fair value of stock options is estimated on the grant date using the Black-Scholes option
pricing model. Changes in estimated inputs or using other option valuation methods may result in materially different option values and
share-based compensation expense.

    17

The
following table summarizes the amount of share-based compensation expense by line item on the condensed consolidated statements of operations:

 SCHEDULE
OF SHARE-BASED COMPENSATION EXPENSE

    Share-based
    compensation expense 
    2025  
    2024 

    Three
    Months Ended 

    March
    31, 
  
    Share-based
    compensation expense 
    2025  
    2024 
  
    Research and development
    expense 
    $508  
    $1,344 
  
    Sales,
    marketing, general and administrative expense 
     1,413  
     2,399 
  
    Total Share-based compensation
    expense 
    $1,921  
    $3,743 

Options
Activity and Positions

The
following table summarizes shares, weighted-average exercise price, weighted-average remaining contractual term, and aggregate intrinsic
value of options outstanding and options exercisable as of March 31, 2025 (in thousands, except per share data):

 SCHEDULE OF OPTIONS ACTIVITY AND POSITIONS

    Weighted-  

    Weighted-  
    Average  

    Average  
    Remaining  
    Aggregate 

    Exercise  
    Contractual  
    Intrinsic 
  
    Options 
    Shares  
    Price  
    Term (years)  
    Value 

    Outstanding as
    of March 31, 2025 
     666  
    $1.43