Company: MVIS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021931
Chunk: 171

Company: MICROVISION, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 171
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    $
    change  
    %
    change 
  
    Three Months Ended September 30, 
    $1,059  
    $-  
    $1,059  
     - 
  
    Nine Months Ended September 30, 
     3,853  
     -  
     3,853  
     - 

Unrealized
gain on derivative liability reflects the revaluation of our derivative liability associated with notes payable as of September 30, 2025.
Due to the decrease in the fair value of the derivative liability as of September 30, 2025, we recognized an unrealized gain. See Part
I, Item 1, Note 6. Notes Payable and Derivative Liability for additional discussion.

Unrealized
(loss) gain on warrant liability

    (in thousands) 
    2025  
    2024  
    $
    change  
    %
    change 
  
    Three Months Ended September 30, 
    $(326) 
    $-  
    $(326) 
     - 
  
    Nine Months Ended September 30, 
     2,238  
     -  
     2,238  
     - 

Unrealized
(loss) gain on warrant liability reflects the revaluation of our warrant liability as of September 30, 2025. During the three months
ended September 30, 2025, due to the increase in the fair value of the warrant liability during the period, we recognized an unrealized
loss. During the nine months ended September 30, 2025, due to the decrease in the fair value of the warrant liability during the period,
we recognized an unrealized gain. See Part I, Item 1, Note 7. Warrant Liability for additional discussion.

Realized
loss on debt extinguishment

    (in thousands) 
    2025  
    2024  
    $
    change  
    %
    change 
  
    Three Months Ended September 30, 
    $-  
    $-  
    $-  
     - 
  
    Nine Months Ended September 30, 
     (4,654) 
     -  
     (4,654) 
     - 

As
a result of the debt modification during the nine months ended September 30, 2025, we recognized