Company: MVIS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009765
Chunk: 145

Company: MICROVISION, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 145
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 its net realizable value when
required.

    16

Property
and Equipment

Property
and equipment consists of the following (in thousands):

 SCHEDULE
OF COMPONENTS OF PROPERTY, PLANT AND EQUIPMENT

    March
    31,  
    December
    31, 

    2025  
    2024 
  
    Production equipment 
    $6,140  
    $6,140 
  
    Leasehold improvements 
     3,959  
     3,957 
  
    Computer hardware and software/lab
    equipment 
     12,244  
     12,211 
  
    Office
    furniture and equipment 
     5,191  
     4,973 
  
    Property and equipment, gross 
     27,534  
     27,281 
  
    Less:
    Accumulated depreciation 
     (20,718) 
     (20,220)
  
    Property and equipment,
    net 
    $6,816  
    $7,061 

Depreciation
expense was $0.4 million and $0.6 million for the three months ended March 31, 2025 and 2024, respectively.

Intangible
Assets

The
components of intangible assets were as follows (in thousands):

 SUMMARY OF COMPONENTS OF INTANGIBLE ASSETS

    Gross  
       
    Accumulated  
    Net  
    Weighted
                                                                  Average 

    Carrying  
    Accumulated  
    Impairment  
    Carrying  
    Remaining 
  
    As of
    March 31, 2025 
    Amount  
    Amortization  
    Expense  
    Amount  
    Period
    (Years) 
  
    Acquired technology 
    $20,172  
     5,252  
     4,181  
     10,739  
     13 
  
    Total 
    $20,172  
    $5,252  
    $4,181  
    $10,739  

    Gross  
       
    Accumulated  
    Net  
    Weighted
                                                                  Average 

    Carrying  
    Accumulated  
    Impairment  
    Carrying  
    Remaining 
  
    As of
    December 31, 202