MICROVISION, INC.
For the period ended Dec 31, 2024. Filed Mar 26, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Mar 26, 2025
MVIS$1.15-7.3%Stored close · as of Nov 10, 2026
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Item 15. Exhibits, Financial Statement Schedules
(A) Documents filed as part of this Annual Report on Form 10-K:
1. Consolidated Financial Statements
| ● | Report of Independent Registered Public Accounting Firm |
| ● | Consolidated Balance Sheets as of December 31, 2024 and 2023 |
| ● | Consolidated Statements of Operations for the years ended December 31, 2024, 2023 and 2022 |
| ● | Consolidated Statements of Comprehensive Loss for the years ended December 31, 2024, 2023 and 2022 |
| ● | Consolidated Statements of Shareholders’ Equity for the years ended December 31, 2024, 2023 and 2022 |
| ● | Consolidated Statements of Cash Flows for the years ended December 31, 2024, 2023 and 2022 |
| ● | Notes to Consolidated Financial Statements |
2. Financial Statement Schedules
Schedule II
MicroVision, Inc.
Valuation and Qualifying Accounts and Reserves Schedule
| Additions | |||||||
|---|---|---|---|---|---|---|---|
| Year Ended December 31, · Balance at beginning of fiscal period · Charges to costs and expenses · Charges to other accounts · Deductions · Balance at end of fiscal period | |||||||
| Tax valuation allowance | $124,380 | $5,745 | $ | - | $ | - | $130,125 |
| Tax valuation allowance | $130,125 | $12,252 | $ | - | $ | - | $142,377 |
| Tax valuation allowance | $142,377 | 10,558 | $ | - | $ | - | $152,935 |
All other schedules are omitted because they are not applicable, or because the information required is included in the consolidated financial statements and notes thereto.
3. Exhibits
The following exhibits are referenced or included in this Annual Report on Form 10-K.
| Exhibit Number | Description |
| 2.1 | Asset Purchase Agreement, dated December 1, 2022, by and between Ibeo Automotive Systems GmbH and MicroVision GmbH(14) |
| 2.2 | Amendment Agreement, dated January 31, 2023, to the Asset Purchase Agreement, dated December 1, 2022, by and between Ibeo Automotive Systems GmbH and MicroVision GmbH(14) |
| 3.1 | Amended and Restated Certificate of Incorporation of MicroVision, Inc., as amended(2) |
| 3.2 | Certificate of Amendment to the Amended and Restated Certificate of Incorporation of MicroVision, Inc(4) |
| 3.3 | Certificate of Amendment to the Amended and Restated Certificate of Incorporation of MicroVision, Inc. dated June 7, 2018(6) |
| 3.4 | Certificate of Amendment to the Amended and Restated Certificate of Incorporation of MicroVision, Inc. dated October 8, 2020(8) |
| 3.5 | Certificate of Amendment to the Amended and Restated Certificate of Incorporation of MicroVision, Inc. dated May, 18, 2023(7) |
| 3.6 | Amended and Restated Bylaws of MicroVision, Inc(5) |
| 4.1 | Form of Specimen Stock Certificate for Common Stock(1) |
| 4.2 | Description of Common Stock(9) |
| 4.3 | Form of Senior Secured Convertible Note(19) |
| 10.1 | 2022 MicroVision, Inc. Incentive Plan(13)* |
| 10.2 | Lease Agreement Concerning Office Premises between Victoria Immo Properties I S.à r.l., dated December 15, 2023 (covering approximately 60,000 square feet)(20) |
| 10.3 | Key Executive Severance and Change in Control Plan(3)* |
| 10.4 | Employment Agreement between MicroVision, Inc. and Sumit Sharma dated April 8, 2021(11) |
| 10.5 | At-the-Market Issuance Sales Agreement, dated August 29, 2023, by and between the Company and Craig-Hallum Capital Group LLC(10) |
| 10.6 | Lease Agreement between Redmond East Office Park LLC and MicroVision, Inc. dated September 24, 2021 (covering approximately 16,681 square feet)(12) |
| 10.7 | Lease Agreement between Redmond East Office Park LLC and MicroVision, Inc. dated September 24, 2021 (covering approximately 36,062 square feet)(12) |
| 10.8 | Form of Performance-Based Restricted Stock Unit Agreement(13)* |
| 10.9 | Form of Restricted Stock Unit Agreement(15)* |
| 10.10 | At-the-Market Issuance Sales Agreement, dated June 16,2023, by and between the Company and Craig-Hallum Capital Group LLC(16) |
| 10.11 | 2024 Executive Bonus Plan(3) |
| 10.12 | At-the-Market Issuance Sales Agreement, dated March 5, 2024, by and among the Company and various banks(17) |
| 10.13 | 2024 CEO Agreement(18)* |
| 10.14 | Securities Purchase Agreement(19) |
| 19.1 | MicroVision Statement of Policy on Insider Trading and Pre-Clearance Procedures |
| 21.1 | List of Subsidiaries of the Registrant |
| 23.1 | Consent of Independent Registered Public Accounting Firm – Moss Adams LLP |
| 31.1 | Principal Executive Officer Certification pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 31.2 | Principal Financial Officer Certification pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 |
| 32.1 | Principal Executive Officer Certification pursuant to Rule 13a-14(b) or Rule 15d-14(b) and Section 1350, Chapter 63 of Title 18, United States Code (18 U.S.C. 1350), as adopted pursuant to Section 906 of Sarbanes-Oxley Act of 2002 |
| 32.2 | Principal Financial Officer Certification pursuant to Rule 13a-14(b) or Rule 15d-14(b) and Section 1350, Chapter 63 of Title 18, United States Code (18 U.S.C. 1350), as adopted pursuant to Section 906 of Sarbanes-Oxley Act of 2002 |
| 97.1 | Policy on Recoupment of Incentive Compensation |
| 101.INS | Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document). |
| 101.SCH | Inline XBRL Taxonomy Extension Schema |
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document |
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document |
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document |
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document |
| 104 | Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101) |
| (1) | Incorporated by reference to the Company’s Post-Effective Amendment to Form S-3 Registration Statement, Registration No. 333-102244. |
| (2) | Incorporated by reference to the Company’s Form 10-Q for the quarterly period ended September 30, 2009. |
| (3) | Incorporated by reference to the Company’s Form 10-Q for the quarterly period ended June 30, 2024. |
| (4) | Incorporated by reference to the Company’s Current Report on Form 8-K filed on February 17, 2012. |
| (5) | Incorporated by reference to the Company’s Current Report on Form 8-K filed on July 14, 2023. |
| (6) | Incorporated by reference to the Company’s Amendment No. 2 to Form S-1 Registration Statement, Registration No. 333-222857. |
| (7) | Incorporated by reference to the Company’s Current Report on Form 8-K filed on May 19, 2023. |
| (8) | Incorporated by reference to the Company’s Form 10-Q for the quarterly period ended September 30, 2020. |
| (10) | Incorporated by reference to the Company’s Current Report on Form 8-K filed on August 29, 2023. |
| (11) | Incorporated by reference to the Company’s Form 10-Q for the quarterly period ended June 30, 2021. |
| (12) | Incorporated by reference to the Company’s Form 10-Q for the quarterly period ended September 30, 2021. |
| (13) | Incorporated by reference to the Company’s Form S-8 filed on June 8, 2022. |
| (14) | Incorporated by reference to the Company’s Current Report on Form 8-K filed on February 3, 2023. |
| (16) | Incorporated by reference to the Company’s Current Report on Form 8-K filed on June 16, 2023. |
| (17) | Incorporated by reference to the Company’s Current Report on Form 8-K filed on March 5, 2025. |
| (18) | Incorporated by reference to the Company’s Form 10-Q for the quarterly period ended September 30, 2024. |
| (19) | Incorporated by reference to the Company’s Current Report on Form 8-K filed on October 15, 2024. |
| * | Management contracts and compensatory plans and arrangements required to be filed as exhibits pursuant to Item 15(b) of this Annual Report on Form 10-K. |
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