Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 31

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 31
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 assets

    2024  
    2023  
    $
    change  
    %
    change 
  
    (In thousands) 

    Impairment loss on intangible assets 
    $4,181  
    $-  
    $4,181  
     - 

Impairment
loss on intangible assets includes impairment charges on intangible assets. During the year ended December 31, 2024, management identified
impairment indicators related to MOSAIK software. We performed an assessment of projected future cash flows and determined the software
was fully impaired, which resulted in a $4.2 million impairment charge. See Part II, Item 8, Note 8. Financial Statement Components
for additional discussion.

Bargain
purchase gain, net of tax

    2024  
    2023  
    $
    change  
    %
    change 
  
    (In thousands) 

    Bargain purchase gain, net of tax 
    $-  
    $1,669  
    $(1,669) 
     (100.0)

During
the year ended December 31, 2023, we recorded a bargain purchase gain related to the acquisition of assets from Ibeo. The bargain purchase
gain represents the excess of the fair value of the underlying net assets acquired and liabilities assumed over the purchase consideration
paid in the transaction.

Interest
expense

    2024  
    2023  
    $
    change  
    %
    change 
  
    (In thousands) 

    Interest expense 
    $(4,457) 
    $(80) 
    $(4,377) 
     5,471.3 

The
increase in interest expense during the year ended December 31, 2024 compared to the same period in 2023 relates to $4.4 million of non-cash
interest expense on notes payable that originated in October 2024. See Part II, Item 8, Note 7. Notes Payable and Derivative Liability
for additional discussion.

Unrealized
loss on derivative liability

    2024  
    2023  
    $
    change  
    %
    change 
  
    (In
    thousands) 

    Unrealized loss
    on derivative liability 
    $(8,866) 
    $-  
    $(8,866)