Company: MVIS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001641172-25-022632
Chunk: 23

Company: MICROVISION, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 23
---
 recorded as an unrealized gain or loss and
recognized in earnings.

The
fair value of derivatives not designated as hedging instruments as of June 30, 2025 and December 31, 2024 are as follows:

 SCHEDULE
OF DERIVATIVES INSTRUMENTS

    June
    30,  
    December
    31, 
  
    (in
    thousands) 
    2025  
    2024 
  
    Derivative
    liability 
    $2,915  
    $14,581 
  
    Total 
    $2,915  
    $14,581 

Unrealized
gains and losses associated with derivatives not designated as hedging instruments for the three and six months ended June 30, 2025
and 2024 are as follows:

 SCHEDULE OF UNREALIZED GAIN AND LOSS INSTRUMENTS

    (in
    thousands) 
    2025  
    2024  
    2025  
    2024 

    Three
    Months Ended  
    Six
    Months Ended 

    June
    30,  
    June
    30, 
  
    (in
    thousands) 
    2025  
    2024  
    2025  
    2024 
  
    Unrealized
    gain (loss) on derivative liability 
    $1,952  
    $-  
    $2,794  
    $- 

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 inputs hierarchy classification for liabilities measured at fair value on a recurring basis are summarized below as of June
30, 2025 and December 31, 2024 (in thousands). See Note 5. Investment Securities, Available-For-Sale and Fair Value Measurements,
for discussion of the fair value level hierarchy.

    15

 SCHEDULE
OF HIERARCHY LIABILITIES FAIR VALUE

    As
    of June 30, 2025 
    Level
    1  
    Level
    2  
    Level
    3