Company: MVIS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001641172-25-022632
Chunk: 137

Company: MICROVISION, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 2
Chunk 137
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Impairment
loss on intangible assets includes impairment charges on intangible assets. During the three months ended June 30, 2024, management identified
impairment indicators related to MOSAIK software. We performed an assessment of projected future cash flows which resulted in a $3.0
million impairment charge and reduction in the estimated useful life of the asset. See
Item 1, Note 8. Financial Statement Components – Intangible Assets for additional discussion.

Interest
expense

    (in thousands) 
    2025  
    2024  
    $
    change  
    %
    change 
  
    Three Months Ended June 30, 
    $(2,170) 
    $(13) 
    $(2,157) 
     16,592.3
  
    Six Months Ended June 30, 
     (15,073) 
     (32) 
     (15,041) 
     47,003.1

The
increase in interest expense during the three months ended June 30, 2025 compared to the same period in 2024 relates to non-cash interest
expense related to amortization of the debt discount on notes payable.

The
increase in interest expense during the six months ended June 30, 2025 compared to the same period in 2024 relates to $7.3 million of
non-cash interest expense representing the discount on the 2025 Purchase Agreement for warrants and shares of common stock (see Part
I, Item 1, Note 7. Warrant Liability), $5.7 million of non-cash interest expense related to amortization of the debt discount and
issuance costs on notes payable, and $2.1 million of non-cash interest expense related to the modification of notes payable (see Part
I, Item 1, Note 6. Notes Payable and Derivative Liability).

Unrealized
gain on derivative liability

    (in thousands) 
    2025  
    2024  
    $
    change  
    %
    change 
  
    Three Months Ended June 30, 
    $1,952  
    $-  
    $1,952  
     - 
  
    Six Months Ended June 30, 
     2,794  
     -  
     2,794  
     - 

Unrealized
gain