Company: MVIS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001641172-25-022632
Chunk: 43

Company: MICROVISION, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 expense related to the modification of notes payable (see Part
I, Item 1, Note 6. Notes Payable and Derivative Liability).

Unrealized
gain on derivative liability

    (in thousands) 
    2025  
    2024  
    $
    change  
    %
    change 
  
    Three Months Ended June 30, 
    $1,952  
    $-  
    $1,952  
     - 
  
    Six Months Ended June 30, 
     2,794  
     -  
     2,794  
     - 

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

25

Unrealized
gain on warrant liability

    (in thousands) 
    2025  
    2024  
    $
    change  
    %
    change 
  
    Three Months Ended June 30, 
    $803  
    $-  
    $803  
     - 
  
    Six Months Ended June 30, 
     2,564  
     -  
     2,564  
     - 

Unrealized
gain on warrant liability reflects the revaluation of our warrant liability as of June 30, 2025. Due to the decrease in the fair value
of the warrant liability as of June 30, 2025, 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 June 30, 
    $-  
    $-  
    $-  
     - 
  
    Six Months Ended June 30, 
     (4,654) 
     -  
     (4,654) 
     - 

As
a result of the debt modification during the six months