Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 553

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
Chunk 553
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15, 2025, and interim reporting periods within those annual reporting periods. Early adoption is permitted for all entities that have
adopted the amendments in Update 2020-06. The ASU is not expected to have a material impact on the Company’s financial statements
or disclosures.

3.
NET LOSS PER SHARE

Basic
net loss per share is calculated using the weighted-average number of common shares outstanding during the period. Diluted net loss per
share is calculated using the weighted-average number of common shares outstanding and the dilutive effect of all potentially dilutive
securities, including common stock equivalents and convertible securities. As the effect of dilutive securities outstanding during the
period is anti-dilutive, diluted net loss per share is equal to basic net loss per share.

The
components of basic and diluted net loss per share are as follows (in thousands, except loss per share data):

 SCHEDULE OF BASIC AND DILUTED NET LOSS PER SHARE

    2024  
    2023  
    2022 

    Year Ended December 31, 

    2024  
    2023  
    2022 
  
    Numerator: 

    Net loss available for common shareholders - basic and diluted 
    $(96,915) 
    $(82,842) 
    $(53,091)

    Denominator: 

    Weighted-average common shares outstanding - basic and diluted 
     209,510  
     182,802  
     165,958 

    Net loss per share - basic and diluted 
    $(0.46) 
    $(0.45) 
    $(0.32)

For
the years ended December 31, 2024, 2023 and 2022, the following securities from net loss per share have been excluded as the effect of
including them would have been anti-dilutive: outstanding options exercisable into a total of 0.7 million, 0.8 million, and 0.9 million
shares of common stock, respectively;  12.0 million, 10.0 million and 8.9 million nonvested restricted and performance stock units,
respectively; and 34.6 million shares of common stock that may be issued through conversion of the derivative liability (see
Note 7. Notes Payable and Derivative Liability).

4.
BUSINESS COMBINATION

On
January 31,