Company: MVIS
Filing Date: 2025-08-08
Form Type: 10-Q
Source: 0001641172-25-022632
Chunk: 0

Company: MICROVISION, INC.
Filing Date: 2025-08-08
Form: 10-Q
Item: Part I, Item 1
Chunk 0
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MicroVision,
Inc. 

Condensed
Consolidated Balance Sheets 

(In
thousands, except per share data)

(Unaudited)

    June 30,  
    December 31, 

    2025  
    2024 
  
    Assets 

    Current assets 

    Cash and cash
    equivalents 
    $74,094  
    $54,486 
  
    Investment securities,
    available-for-sale 
     17,313  
     20,216 
  
    Restricted cash, current 
     76  
     261 
  
    Accounts receivable, net
    of allowances 
     104  
     926 
  
    Inventory 
     6,128  
     2,294 
  
    Other current assets 
     5,468  
     4,287 
  
    Total current assets 
     103,183  
     82,470 

    Property and equipment,
    net 
     6,739  
     7,061 
  
    Operating lease right-of-use
    assets 
     16,123  
     16,746 
  
    Restricted cash, net of
    current portion 
     1,621  
     1,500 
  
    Intangible assets, net 
     10,510  
     10,972 
  
    Other assets 
     2,441  
     2,412 
  
    Total
    assets 
    $140,617  
    $121,161 

    Liabilities and shareholders’
    equity 

    Current liabilities 

    Accounts payable 
    $1,564  
    $1,132 
  
    Accrued liabilities 
     2,267  
     2,542 
  
    Contract liabilities 
     337  
     308 
  
    Derivative liability 
     2,915  
     14,581 
  
    Notes payable, current 
     32,271  
     24,248 
  
    Operating lease liabilities,
    current 
     3,462  
     2,682 
  
    Finance lease liabilities,
    current 
     13  
     - 
  
    Other current liabilities 
     -  
     458 
  
    Total current liabilities 
     42,829  
     45,951