Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 302

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 2
Chunk 302
---
, 

    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  
     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)%