Company: MVIS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009765
Chunk: 128

Company: MICROVISION, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 128
---
  
    $46,337 

    Supplemental schedule of non-cash investing and financing activities 

    Common stock issued in conversions of notes payable 
    $21,980  
    $- 
  
    Issuance of warrants 
    $6,297  
     - 
  
    Acquisition of right-of-use asset 
    $(107) 
     - 
  
    Non-cash additions to property and equipment 
    $-  
    $21 
  
    Accrued liability for Ibeo business combination 
    $-  
    $2,969 
  
    Accrued financing fees 
    $41  
    $396 
  
    Foreign currency translation adjustment 
    $138  
    $(19)
  
    Unrealized gain (loss) in investment securities, available-for-sale 
    $(19) 
    $(34)

The
following table provides a reconciliation of the cash, cash equivalents, and restricted cash balances as of March 31, 2025 and March 31, 2024:

    March 31,  
    March 31, 

    2025  
    2024 
  
    Cash and cash equivalents 
    $51,918  
    $44,298 
  
    Restricted cash, current 
     70  
     71 
  
    Restricted cash, net of current portion 
     1,537  
     1,968 
  
    Cash, cash equivalents, and restricted cash 
    $53,525  
    $46,337 

The
accompanying notes are an integral part of these financial statements.

7

MicroVision, Inc. 

Notes
to Condensed Consolidated Financial Statements 

(Unaudited)

1.
DESCRIPTION OF BUSINESS

MicroVision,
Inc. is committed to driving the global adoption of proprietary products, which leverage deterministic AI at the edge with the Company’s
innovative perception and application software running on diverse lidar sensors. The Company’s solutions enable ADAS and autonomy
features for customers in a wide range of industries including robotics, automated warehouse, agriculture, mining, military, and automotive.
The Company’s deterministic AI at the edge software running on sensors enables intelligent autonomous, active safety, and automation
systems which depend on secure, cost-effective and energy-efficient solutions. This software has been developed in close collaboration
with automotive customers and the Company is now rapidly expanding with it into new industrial and commercial vehicle sectors.

With