Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 230

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1C
Chunk 230
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    2024  
    2023  
    2022 

    Year Ended December 31, 

    2024  
    2023  
    2022 

    Statutory rate 
     21.0% 
     21.0% 
     21.0%
  
    Permanent Items and adjustments 
     0.0% 
     0.1% 
     0.0%
  
    Compensation related 
     0.0% 
     (0.4)% 
     (0.5)%
  
    Share-based compensation 
     (2.4)% 
     (1.7)% 
     (2.2)%
  
    Net operating loss expiration 
     (6.2)% 
     (6.3)% 
     (9.0)%
  
    Tax credits 
     1.0% 
     1.0% 
     1.5%
  
    Change in valuation allowance 
     (11.0)% 
     (15.0)% 
     (10.8)%
  
    Bargain Purchase gain 
     0.0% 
     0.9% 
     0.0%
  
    Notes payable related 
     (2.7)% 
     0.0% 
     0.0%
  
    Other 
     (0.2)% 
     (1.0)% 
     0.0%
  
    Total 
     (0.5)% 
     (1.4)% 
     0.0%

Components
of deferred tax assets are as follows (in thousands):

SCHEDULE OF DEFERRED TAX ASSETS  

    December 31, 

    2024  
    2023 
  
    Deferred tax assets 

    Reserves 
    $430  
    $632 
  
    Net operating loss carryforwards 
     104,575  
     97,254 
  
    R&D credit carryforwards 
     11,052  
     10,114 
  
    Depreciation/amortization deferred 
     29,618  
     26,079 
  
    Operating lease liabilities 
     5,099  
     3,878 
  
    Other 
     6,475  
     7,