Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 591

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
Chunk 591
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valuating
                                            the appropriateness of the undiscounted cash flows model.

●Testing
                                            the completeness and accuracy of the underlying data used in the model.

●Evaluating
                                            the reasonableness of the significant assumptions used by management related to estimated
                                            future undiscounted cash flows.

●Evaluating
                                            management’s ability to forecast cash flows by comparing actual results to management’s
                                            historical forecasts.

/s/
Moss Adams

Seattle,
Washington

March 26, 2025

We
have served as the Company’s auditor since 2012.

33

MicroVision,
Inc.

Consolidated
Balance Sheets

(In
thousands, except per share data)

    2024  
    2023 

    December 31, 

    2024  
    2023 
  
    Assets 

    Current assets 

    Cash and cash equivalents 
    $54,486  
    $45,167 
  
    Investment securities, available-for-sale 
     20,216  
     28,611 
  
    Restricted cash, current 
     261  
     3,263 
  
    Accounts receivable, net of allowances 
     926  
     949 
  
    Inventory 
     2,294  
     3,874 
  
    Other current assets 
     4,287  
     4,890 
  
    Total current assets 
     82,470  
     86,754 

    Property and equipment, net 
     7,061  
     9,032 
  
    Operating lease right-of-use assets 
     16,746  
     13,758 
  
    Restricted cash, net of current portion 
     1,500  
     961 
  
    Intangible assets, net 
     10,972  
     17,235 
  
    Other assets 
     2,412  
     1,895 
  
    Total assets 
    $121,161  
    $129,635 

    Liabilities and shareholders’ equity 

    Current liabilities 

    Accounts payable 
    $1,132  
    $2,271 
  
    Accrued liabilities 
     2,542  
     8,640 
  
    Accrued liability for Ibeo business combination 
     -  
     6,