Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 154

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1B
Chunk 154
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allum.
As of December 31, 2022, the Company had issued 8.3 million shares of common stock for net proceeds of $81.8 million under the agreement.
During the quarter ended March 31, 2023, the Company issued 5.0 million shares of common stock for net proceeds of $12.5 million under
the agreement. The sales agreement was terminated in June 2023.

13.
INCOME TAXES

Components
of net loss before income taxes are as follows (in thousands):

SCHEDULE
OF COMPONENTS OF NET LOSS BEFORE INCOME TAXES  

    Year Ended December 31, 

    2024  
    2023  
    2022 

    United States 
    $(97,893) 
    $(86,730) 
    $(53,091)
  
    Foreign 
     1,485  
     5,034  
     - 
  
    Total 
    $(96,408) 
    $(81,696) 
    $(53,091)

Components
of income tax expense (benefit) are as follows (in thousands):

SCHEDULE OF COMPONENTS
OF INCOME TAX EXPENSE (BENEFIT)  

    Year Ended December 31, 

    2024  
    2023  
    2022 

    Current 

    Federal 
    $-  
    $-  
    $- 
  
    State 
     -  
     -  
     - 
  
    International 
     581  
     2,061  
     - 
  
    Total Current Tax Expense 
     581  
     2,061  
     - 

    Deferred 

    Federal 
     -  
     -  
     - 
  
    State 
     -  
     -  
     - 
  
    International 
     (74) 
     (915) 
     - 
  
    Total Deferred Tax Expense 
     (74) 
     (915) 
     - 

    Total Tax Expense 
    $507  
    $1,146  
    $- 

    57

The
percentage difference between the effective tax rate of the provision (benefit) for income taxes and the Federal statutory rate is as
follows:

SCHEDULE OF