Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 82

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 82
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     2,061  
     - 
  
    Total Current Tax Expense 
     581  
     2,061  
     - 

    Deferred 

    Federal 
     -  
     -  
     - 
  
    State 
     -  
     -  
     - 
  
    International 
     (74) 
     (915) 
     - 
  
    Total Deferred Tax Expense 
     (74) 
     (915) 
     - 

    Total Tax Expense 
    $507  
    $1,146  
    $- 

    57

The
percentage difference between the effective tax rate of the provision (benefit) for income taxes and the Federal statutory rate is as
follows:

SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION  

    2024  
    2023  
    2022 

    Year Ended December 31, 

    2024  
    2023  
    2022 

    Statutory rate 
     21.0% 
     21.0% 
     21.0%
  
    Permanent Items and adjustments 
     0.0% 
     0.1% 
     0.0%
  
    Compensation related 
     0.0% 
     (0.4)% 
     (0.5)%
  
    Share-based compensation 
     (2.4)% 
     (1.7)% 
     (2.2)%
  
    Net operating loss expiration 
     (6.2)% 
     (6.3)% 
     (9.0)%
  
    Tax credits 
     1.0% 
     1.0% 
     1.5%
  
    Change in valuation allowance 
     (11.0)% 
     (15.0)% 
     (10.8)%
  
    Bargain Purchase gain 
     0.0% 
     0.9% 
     0.0%
  
    Notes payable related 
     (2.7)% 
     0.0% 
     0.0%
  
    Other 
     (0.2)% 
     (1.0)% 
     0.