Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 622

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 8
Chunk 622
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3 

    December 31, 

    2024  
    2023 
  
    Production equipment 
    $6,140  
    $6,140 
  
    Leasehold improvements 
     3,957  
     3,843 
  
    Computer hardware and software/lab equipment 
     12,211  
     12,149 
  
    Office furniture and equipment 
     4,973  
     5,367 
  
    Property and equipment, gross  
     27,281  
     27,499 
  
    Less: Accumulated depreciation 
     (20,220) 
     (18,467)
  
    Property and equipment,
    net  
    $7,061  
    $9,032 

Depreciation
expense was $2.1 million, $3.1 million, and $0.7 million for the years ended December 31, 2024, 2023 and 2022 respectively.

Intangible
Assets

The
components of intangible assets are as follows:

 SUMMARY OF COMPONENTS OF INTANGIBLE ASSETS

    As of December 31, 2024 
    Gross  

    Net  
    Weighted
    Average Remaining 

    Carrying  
    Accumulated  
    Impairment  
    Carrying  
    Period 
  
    (in
    thousands) 
    Amount  
    Amortization  
    Expense  
    Amount  
    (Years) 
  
    Acquired technology 
    $20,172  
     5,019  
    $4,181  
    $10,972  
     13 
  
    Backlog 
     -  
     -  
     -  
     -  
     - 

    $20,172  
    $5,019  
    $4,181  
    $10,972  

    As of December 31, 2023 
    Gross  

    Net  
    Weighted
    Average Remaining 

    Carrying  
    Accumulated  
    Impairment  
    Carrying 
    Period 
  
    (in
    thousands) 
    Amount  
    Amortization  
    Expense  
    Amount  
    (Years) 
  
    Acquired technology