Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 72

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 72
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 $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 
    $20,172  
    $2,940  
    $-  
    $17,232  
     12 
  
    Backlog 
     26  
     23  
     -  
     3  
     - 

    $20,198  
    $2,963  
    $-  
    $17,235  

Amortization
expense was $2.1 million, $2.1 million, and $0.0 million for the years ended December 31, 2024, 2023 and 2022, respectively.

During
the quarter ended June 30, 2024, management identified various factors related to the 2024 restructuring events (see Note 14. Restructuring
Charges) that collectively indicated that it is more-likely-than-not that the fair value of the Company