Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 81

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 81
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In
June 2023, the Company entered into a $45.0 million ATM equity offering agreement with Craig-Hallum. Under the agreement, the Company
was able, with discretion, to offer and sell shares of common stock having an aggregate value of up to $45.0 million through Craig-Hallum.
As of June 30, 2023, the Company had completed sales under such sales agreement, having sold 10.9 million shares for net proceeds of
$43.9 million. No further shares are available for sales under this agreement.

In
June 2021, the Company entered into a $140.0 million ATM equity offering agreement with Craig-Hallum. Under the agreement, the Company
was able, with discretion, to offer and sell shares of common stock having an aggregate value of up to $140.0 million through Craig-Hallum.
As of December 31, 2022, the Company had issued 8.3 million shares of common stock for net proceeds of $81.8 million under the agreement.
During the quarter ended March 31, 2023, the Company issued 5.0 million shares of common stock for net proceeds of $12.5 million under
the agreement. The sales agreement was terminated in June 2023.

13.
INCOME TAXES

Components
of net loss before income taxes are as follows (in thousands):

SCHEDULE
OF COMPONENTS OF NET LOSS BEFORE INCOME TAXES  

    Year Ended December 31, 

    2024  
    2023  
    2022 

    United States 
    $(97,893) 
    $(86,730) 
    $(53,091)
  
    Foreign 
     1,485  
     5,034  
     - 
  
    Total 
    $(96,408) 
    $(81,696) 
    $(53,091)

Components
of income tax expense (benefit) are as follows (in thousands):

SCHEDULE OF COMPONENTS
OF INCOME TAX EXPENSE (BENEFIT)  

    Year Ended December 31, 

    2024  
    2023  
    2022 

    Current 

    Federal 
    $-  
    $-  
    $- 
  
    State 
     -  
     -  
     - 
  
    International 
     581