Company: MVIS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009765
Chunk: 122

Company: MICROVISION, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 122
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MicroVision,
Inc. 

Condensed
Consolidated Balance Sheets 

(In
thousands, except per share data)

(Unaudited)

    March 31,  
    December 31, 

    2025  
    2024 
  
    Assets 

    Current assets 

    Cash and cash equivalents 
    $51,918  
    $54,486 
  
    Investment securities, available-for-sale 
     17,126  
     20,216 
  
    Restricted cash, current 
     70  
     261 
  
    Accounts receivable, net of allowances 
     252  
     926 
  
    Inventory 
     2,534  
     2,294 
  
    Other current assets 
     7,100  
     4,287 
  
    Total current assets 
     79,000  
     82,470 

    Property and equipment, net 
     6,816  
     7,061 
  
    Operating lease right-of-use assets 
     16,306  
     16,746 
  
    Restricted cash, net of current portion 
     1,537  
     1,500 
  
    Intangible assets, net 
     10,739  
     10,972 
  
    Other assets 
     2,345  
     2,412 
  
    Total assets 
    $116,743  
    $121,161 

    Liabilities and shareholders’ equity 

    Current liabilities 

    Accounts payable 
    $1,268  
    $1,132 
  
    Accrued liabilities 
     2,194  
     2,542 
  
    Contract liabilities 
     314  
     308 
  
    Derivative liability 
     4,867  
     14,581 
  
    Notes payable, current 
     30,107  
     24,248 
  
    Operating lease liabilities, current 
     2,979  
     2,682 
  
    Finance lease liabilities, current 
     9  
     - 
  
    Other current liabilities 
     116  
     458 
  
    Total current liabilities 
     41,854  
     45,951 

    Notes payable, net of current portion 
     -