Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 557

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
Chunk 557
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 $664  
    $21,409 
  
    Germany 
     3,628  
     6,224  
     2,138  
     3,210  
     -  
     - 
  
    Other foreign countries 
     10  
     -  
     494  
     -  
     -  
     - 
  
    Total 
    $4,696  
    $23,807  
    $7,259  
    $22,790  
    $664  
    $21,409 

Contract
Balances

Under
Topic 606, the Company’s rights to consideration are presented separately depending on whether those rights are conditional or
unconditional. Unconditional rights to consideration are included within accounts receivable, net of allowances in the consolidated balance
sheets.

Significant
changes in the contract assets and the contract liabilities balances during the period are as follows (in thousands, except percentages):

 SCHEDULE
OF CONTRACT WITH CUSTOMER, CONTRACT ASSET, CONTRACT LIABILITY, AND RECEIVABLE

    December 31,  
    December 31,  

    2024  
    2023  
    $ Change  
    % Change 

    Contract assets and accounts receivable 
    $926  
    $949  
    $(23) 
     (2.4)
  
    Contract liabilities 
     (308) 
     (300) 
     (8) 
     (2.7)
  
    Net contract assets (liabilities) 
    $618  
    $649  
    $(31) 
     (4.8)

Contract
Acquisition Costs

The
Company is required to capitalize certain contract acquisition costs consisting primarily of commissions paid when contracts are signed.
As the Company currently does not pay any commissions upon the signing of a contract, no commission cost has been incurred as of December
31, 2024.

Transaction
Price Allocated to the Remaining Performance Obligations

The
remaining balance of the contract liabilities was approximately $0.3 million as of December 31, 2024. The Company expects to recognize
100% of this revenue over the next 12 months.

6.
INVESTMENT SECURITIES, AVAILABLE-FOR-SALE AND FAIR VALUE MEASUREMENTS

Investment
securities, available-for-sale is comprised of corporate and