Company: MVIS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001641172-25-022632
Chunk: 83

Company: MICROVISION, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 8
Chunk 83
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.2 million
and $0.0 million
for the three months ended June 30, 2025 and 2024, respectively, and $5.7 million
and $0.0 million
for the six months ended June 30, 2025 and 2024, respectively. Total interest expense for the three and six months ended June 30,
2025 and 2024 is comprised of the following components:

 SCHEDULE OF COMPONENTS INTEREST EXPENSE

    (in
    thousands) 
    2025 
     
    2024

    2025

    2024

    Three
                                            Months Ended June 30,

    Six Months Ended June 30,

    (in
    thousands) 
    2025 
     
    2024

    2025

    2024

    Amortization
    of debt discount and issuance costs 
    $(2,164)
     
    $
    -

    $
    (5,666
    )
     
    $
    -

    Interest
    expense from modification of notes payable 
     - 

    -

    (2,057
    )

    -

    Discount
    on warrants (see Note 7. Warrant Liability) 
     - 

    -

    (7,325
    )

    -

    Other expense 
     (6)

    (13
    )

    (25
    )

    (32
    )
  
    Total
    interest expense 
    $(2,170)
     
    $
    (13
    )
     
    $
    (15,073
    )
     
    $
    (32
    )

The
monthly effective interest rate implicit in the Note as of June 30, 2025 under the interest method was 2.34%.

Maturities
of partial repayments, if elected by the Holder, are as follows as of June 30, 2025:

 SCHEDULE OF MATURITIES LONG TERM DEBT

    (in
    thousands) 

    Years
    Ended December 31, 
    Maturities 
  
    2025
    (remainder) 
    $22,000 
  
    2026 
     14,025 
  
    Total
    partial repayments 
    $36,025 

Derivative
Liability

As
a result of the modification, one embedded feature previously accounted