Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 130

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1B
Chunk 130
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 accounted for by recognizing the fair value of share-based compensation expense on a straight-line
basis over the service period of the award, net of estimated forfeitures. The fair value of RSUs and PSUs is determined by the closing
price of common stock on the date of grant. The fair value of stock options is estimated on the grant date using the Black-Scholes option
pricing model. Changes in estimated inputs or using other option valuation methods may result in materially different option values and
share-based compensation expense.

Recently
Adopted Accounting Pronouncements

In
November 2023, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2023-07,
Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. The amendments in this update expand annual and interim
disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. All disclosure
requirements under this standard will also be required for public entities with a single reportable segment. The Company adopted ASU
2023-07 during the year ended December 31, 2024.

Recently
Issued Accounting Pronouncements

In
December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The amendments in this
update require disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on
income taxes paid. ASU 2023-09 is effective for the Company for annual periods beginning January 1, 2025, with early adoption permitted.
The ASU is expected to result in incremental disclosures to the Company’s financial statements.

    44

In
March 2024, the FASB issued ASU No. 2024-01, Compensation: Stock Compensation (Topic 718). The amendments in this ASU clarify existing
guidance related to profits interest and similar awards. ASU 2024-01 is effective for annual and interim periods for the Company beginning
January 1, 2025, with early adoption permitted. The Company is currently evaluating the impact this ASU may have on its financial statements
and related disclosures.

In
November 2024, the FASB issued ASU No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures
(Subtopic 220-40). The amendments in this ASU require additional disclosure of specified information about certain