Company: MVIS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009765
Chunk: 150

Company: MICROVISION, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 150
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    2025  
    2024 
  
    Operating
    lease expense 
    $859  
    $665 
  
    Finance
    lease expense: 

    Amortization
    of leased assets 
     2  
     - 

    Interest
    on lease liabilities 
     1  
     - 

    Total
    finance lease expense 
     3  
     - 

    Total
    lease expense 
    $862  
    $665 

Supplemental
cash flow information related to leases was as follows:

 SCHEDULE OF CASH FLOW INFORMATION RELATED TO LEASES

    (in
    thousands) 
    2025  
    2024 

    Three
    Months Ended 

    March
    31, 
  
    (in
    thousands) 
    2025  
    2024 
  
    Cash paid for amounts included in measurement of lease
    liabilities: 

    Operating cash
    flows from operating leases 
    $554  
    $639 
  
    Operating cash flows from
    finance leases 
     2   
     - 

    19

Supplemental
balance sheet information related to leases was as follows:

 SCHEDULE
OF BALANCE SHEET INFORMATION RELATED TO LEASES

    March
    31,  
    December
    31, 
  
    (in
    thousands) 
    2025  
    2024 
  
    Operating leases 

    Operating
    lease right-of-use assets 
    $16,306  
    $16,746 

    Current
    portion of operating lease liabilities 
     2,979  
     2,682 
  
    Operating
    lease liabilities, net of current portion 
     15,436  
     15,954 
  
    Total
    operating lease liabilities 
    $18,415  
    $18,636 

    Finance leases 

    Property
    and equipment, at cost 
    $145  
    $112 
  
    Accumulated
    depreciation 
     (115) 
     (112)
  
    Property
    and equipment, net 
    $30  
    $- 

    Weighted Average Remaining Lease Term 

    Operating
    leases 
     6.5