Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 373

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 3
Chunk 373
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 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  
    $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