Company: MVIS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009765
Chunk: 141

Company: MICROVISION, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 141
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 interest
method was 2.34%.

Maturities
of partial repayments, if elected by the Holder, are as follows:

 SCHEDULE OF MATURITIES LONG TERM DEBT

    (in
                                     thousands)
                                                       Years
                                            Ended December 31, 
    Maturities 
  
    2025 (remainder) 
    $22,000 
  
    2026 
     14,025 
  
    Total
    partial repayments 
    $36,025 

Derivative
Liability

As
a result of the modification, one embedded feature previously accounted for within the derivative liability no longer required bifurcation
and was recombined with the host contract at a fair value of $0.2 million. Subsequent to the modification, the derivative liability was
initially recorded at its fair value of $7.2 million as of the modification date of February 3, 2025. The derivative liability is subsequently
remeasured and reported at fair value each reporting period, with the changes in fair value recorded as an unrealized gain or loss and
recognized in earnings.

The
fair value of derivatives not designated as hedging instruments are as follows:

 SCHEDULE
OF DERIVATIVES INSTRUMENTS

    March
    31,  
    December
    31, 
  
    (in
    thousands) 
    2025  
    2024 
  
    Derivative
    liability 
    $4,867  
    $14,581 
  
    Total 
    $4,867  
    $14,581 

    14

Unrealized
gains and losses associated with derivatives not designated as hedging instruments are as follows:

 SCHEDULE OF UNREALIZED GAIN AND LOSS INSTRUMENTS

    March
    31,  
    March
    31, 
  
    (in
    thousands) 
    2025  
    2024 
  
    Unrealized
    gain on derivative liability 
    $842  
    $- 
  
    Total 
    $842  
    $- 

Fair
Value Measurements

The
fair value of the derivative liability is determined utilizing a “with and without” method, in which the fair value is calculated
as the difference in the fair value of the entire hybrid instrument and the fair value of the instrument excluding the bifurcated derivative
features.

The
valuation