Company: MVIS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009765
Chunk: 134

Company: MICROVISION, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 134
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0.0
million shares of common stock that may be issued
through the exercise of warrants, respectively (see Note 7. Warrant Liability).

    10

4.
REVENUE RECOGNITION

Disaggregation
of Revenue

The
following table provides information about disaggregated revenue by timing of revenue recognition (in thousands):

 SCHEDULE
OF DISAGGREGATION OF REVENUE

    Revenue  
    Revenue  
    Revenue  
    Total 

    Three Months Ended March 31, 2025 

    License and  

    Product  
    Royalty  
    Contract  

    Revenue  
    Revenue  
    Revenue  
    Total 
  
    Timing of revenue recognition: 

    Products transferred at a point in time 
    $504  
    $85  
    $-  
    $589 
  
    Total 
    $504  
    $85  
    $-  
    $589 

    Revenue  
    Revenue  
    Revenue  
    Total 

    Three Months Ended March 31, 2024 

    License and  

    Product  
    Royalty  
    Contract  

    Revenue  
    Revenue  
    Revenue  
    Total 
  
    Timing of revenue recognition: 

    Products transferred at a point in time 
    $856  
    $47  
    $53  
    $956 
  
    Total 
    $856  
    $47  
    $53  
    $956 
  
    Revenue 
    $856  
    $47  
    $53  
    $956 

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.

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

    March 31,  
    December 31,  

    2025  
    2024  
    $ Change  
    % Change 
  
    Contract assets 
    $252  
    $926  
    $(674)