Company: VUZI
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001558370-25-011550
Chunk: 22

Company: Vuzix Corp
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 22
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 the estimated fair values of the financial instruments were not materially different from their carrying values as presented due to the short maturities of these instruments.Going Concern ​The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern. This basis of accounting contemplates the recovery of our assets and the satisfaction of liabilities in the normal course of business. These consolidated financial statements do not include any adjustments to the specific amounts and classifications of assets and liabilities, which might be necessary should we be unable to continue as a going concern. ​The Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. (ASU) 2014-15, “Presentation of Financial Statements — Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern”. As a result, management is primarily responsible for assessing if there is a going concern issue when issuing an entity’s financial statements. The going concern assumption underlies all GAAP financial