Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 104

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1B
Chunk 104
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2023  
    $
    change  
    %
    change 
  
    (In thousands) 

    Bargain purchase gain, net of tax 
    $-  
    $1,669  
    $(1,669) 
     (100.0)

During
the year ended December 31, 2023, we recorded a bargain purchase gain related to the acquisition of assets from Ibeo. The bargain purchase
gain represents the excess of the fair value of the underlying net assets acquired and liabilities assumed over the purchase consideration
paid in the transaction.

Interest
expense

    2024  
    2023  
    $
    change  
    %
    change 
  
    (In thousands) 

    Interest expense 
    $(4,457) 
    $(80) 
    $(4,377) 
     5,471.3 

The
increase in interest expense during the year ended December 31, 2024 compared to the same period in 2023 relates to $4.4 million of non-cash
interest expense on notes payable that originated in October 2024. See Part II, Item 8, Note 7. Notes Payable and Derivative Liability
for additional discussion.

Unrealized
loss on derivative liability

    2024  
    2023  
    $
    change  
    %
    change 
  
    (In
    thousands) 

    Unrealized loss
    on derivative liability 
    $(8,866) 
    $-  
    $(8,866) 
     - 

Unrealized
loss on derivative liability reflects the revaluation of our derivative liability associated with notes payable as of December 31, 2024.
Due to the increase in the fair value of the derivative liability as of December 31, 2024 relative to its initial measurement on October
23, 2024, we recognized an unrealized loss during 2024. See Part II, Item 8, Note 7. Notes Payable and Derivative Liability for
additional discussion.

Other
income (expense), net 

    2024  
    2023  
    $
    change  
    %
    change 
  
    (In thousands) 

    Other income 
    $2,434  
    $5,590  
    $(3,156) 
     (56.5)

The
de