Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 299

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 2
Chunk 299
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, Germany which commenced in November 2024. The
lease, which expires in October 2029, includes an option to extend the term for two three-year renewal periods.

The
components of lease expense are as follows:

SCHEDULE OF COMPONENTS OF LEASE EXPENSE  

    (in thousands) 
    2024  
    2023  
    2022 

    Year Ended December 31, 
  
    (in thousands) 
    2024  
    2023  
    2022 
  
    Operating lease expense 
    $2,701  
    $2,625  
    $1,501 
  
    Finance lease expense: 

    Amortization of leased assets 
     -  
     21  
     26 
  
    Interest on lease liabilities 
     -  
     -  
     2 
  
    Total finance lease expense 
     -  
     21  
     28 
  
    Total lease expense 
    $2,701  
    $2,646  
    $1,529 

    55

Supplemental
cash flow information related to leases is as follows:

SCHEDULE OF CASH FLOW INFORMATION RELATED TO LEASES  

    (in thousands) 
    2024  
    2023  
    2022 

    Year Ended December 31, 
  
    (in thousands) 
    2024  
    2023  
    2022 
  
    Cash paid for amounts included in measurement of lease liabilities: 

    Operating cash flows from operating leases 
    $2,491  
    $2,500  
    $1,280 
  
    Operating 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