Company: MVIS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021931
Chunk: 142

Company: MICROVISION, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 142
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    Revenue  
    Total 
  
    Timing of revenue recognition: 

    Transferred at a point in time 
    $65  
    $125  
    $-  
    $190 
  
    Total 
    $65  
    $125  
    $-  
    $190 

    Revenue  
    Revenue  
    Revenue  
    Total 

    Nine Months Ended September 30, 2024 

    License and  

    Product  
    Royalty  
    Contract  

    Revenue  
    Revenue  
    Revenue  
    Total 
  
    Timing of revenue recognition: 

    Transferred at a point in time 
    $2,617  
    $323  
    $106  
    $3,046 
  
    Total 
    $2,617  
    $323  
    $106  
    $3,046 

Contract
Balances

Under
Topic 606, the Company’s rights to consideration are presented separately depending on whether those rights are conditional or
unconditional. Unconditional rights to consideration are included within accounts receivable, net of allowances in the condensed consolidated
balance sheets.

    11

Significant
changes in the contract assets and the contract liabilities balances during the period are as follows (in thousands, except percentages):

 SCHEDULE OF CONTRACT WITH CUSTOMER, CONTRACT ASSET, CONTRACT LIABILITY, AND RECEIVABLE

    September 30,  
    December 31,  

    2025  
    2024  
    $ Change  
    % Change 

    Contract assets and accounts receivable 
    $40  
    $926  
    $(886) 
     (95.7)
  
    Contract liabilities 
     (147) 
     (308) 
     161  
     (52.3)
  
    Net contract (liabilities) assets 
    $(107) 
    $618  
    $(725) 
     (117.3)

Contract
Acquisition Costs

The
Company is required to capitalize certain contract acquisition costs consisting primarily of commissions paid when contracts are signed.
As the Company currently does not pay any commissions upon the signing of a contract, no commission cost has been incurred as of September
30, 2025.

Transaction
Price Allocated to the Remaining Performance Obligations

The
remaining balance of the