Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 517

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 4A
Chunk 517
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 cash flows from finance leases 
     -  
     -  
     2 
  
    Financing cash flows from finance leases 
     -  
     21  
     26 

Supplemental
balance sheet information related to leases is as follows:

SCHEDULE
OF BALANCE SHEET INFORMATION RELATED TO LEASES   

    (in thousands) 
    2024  
    2023 

    December 31, 
  
    (in thousands) 
    2024  
    2023 
  
    Operating leases 

    Operating lease right-of-use assets 
    $16,746  
    $13,758 

    Current portion of operating lease liabilities 
     2,682  
     2,323 
  
    Operating lease liabilities, net of current portion 
     15,954  
     12,714 
  
    Total operating lease liabilities 
    $18,636  
    $15,037 

    Finance leases 

    Property and equipment, at cost 
    $112  
    $112 
  
    Accumulated depreciation 
     (112) 
     (97)
  
    Property and equipment, net 
    $-  
    $15 

    Weighted Average Remaining Lease Term 

    Operating leases 
      6.8 years  
      8.4 years 

    Weighted Average Discount Rate 

    Operating leases 
     4.9% 
     4.6%

As
of December 31, 2024, maturities of lease liabilities are as follows:

 SCHEDULE OF MATURITIES OF LEASE LIABILITIES 

    (in thousands) 
    Operating 
  
    Years Ended December 31, 
    Leases 
  
    2025 
     2,974 
  
    2026 
     3,351 
  
    2027 
     3,316 
  
    2028 
     3,279 
  
    2029 
     3,115 
  
    Thereafter 
     5,716 
  
    Total minimum lease payments 
     21,751 
  
    Less: amount representing interest 
     (3,115)
  
    Present value of capital lease liabilities 
    $18,636 

11.
COMMITMENTS AND CONTINGENCIES

Purchase
Commitments