Company: MVIS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009765
Chunk: 200

Company: MICROVISION, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 200
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 COMPONENTS

Inventory

Inventory
consists of the following (in thousands):

 SCHEDULE OF COMPONENTS OF INVENTORY

    March
    31,  
    December
    31, 

    2025  
    2024 
  
    Raw materials 
    $1,823  
    $1,616 
  
    Finished
    goods 
     711  
     678 
  
    Total inventory 
    $2,534  
    $2,294 

Inventory
is computed using the first-in, first-out (FIFO) method and is stated at the lower of cost and net realizable value. Management periodically
assesses the need to account for obsolescence of inventory and adjusts the carrying value of inventory to its net realizable value when
required.

    16

Property
and Equipment

Property
and equipment consists of the following (in thousands):

 SCHEDULE
OF COMPONENTS OF PROPERTY, PLANT AND EQUIPMENT

    March
    31,  
    December
    31, 

    2025  
    2024 
  
    Production equipment 
    $6,140  
    $6,140 
  
    Leasehold improvements 
     3,959  
     3,957 
  
    Computer hardware and software/lab
    equipment 
     12,244  
     12,211 
  
    Office
    furniture and equipment 
     5,191  
     4,973 
  
    Property and equipment, gross 
     27,534  
     27,281 
  
    Less:
    Accumulated depreciation 
     (20,718) 
     (20,220)
  
    Property and equipment,
    net 
    $6,816  
    $7,061 

Depreciation
expense was $0.4 million and $0.6 million for the three months ended March 31, 2025 and 2024, respectively.

Intangible
Assets

The
components of intangible assets were as follows (in thousands):

 SUMMARY OF COMPONENTS OF INTANGIBLE ASSETS

    Gross  
       
    Accumulated  
    Net  
    Weighted
                                                                  Average 

    Carrying  
    Accumulated  
    Impairment  
    Carrying  
    Remaining 
  
    As of
    March 31