Microvision, Inc. MVIS Balance Sheet

Microvision, inc. (MVIS)

Balance Sheet / Yearly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Dec'10
Assets
Current assets
Cash and cash equivalents
2,325	5,837	6,642	4,614	6,979	13,766	13,210	20,993	7,228	16,966	25,303	17,744	7,655	15,139	5,803	7,191	11,209	7,888	11,160	15,085	16,685	8,349	10,896	12,464	15,338	5,375	8,321	6,003	3,310	6,850	10,743	14,764	6,808	13,075	9,369	9,339	19,413
Investment securities, available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	-	8	9	13
Accounts receivable, net of allowances of $0 and $0, respectively
552	1,079	505	2,524	274	476	5,044	2,672	2,502	15	240	805	160	245	1,821	2,087	996	1,687	574	1,320	478	669	577	54	135	24	137	1,088	1,506	1,115	979	558	389	463	877	684	1,116
Costs and estimated earnings in excess of billings on uncompleted contracts
-	-	-	-	-	987	1,080	0	258	680	-	-	309	125	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	70	-	-	-
Costs and estimated earnings in excess of billings on uncompleted contracts
0	0	0	0	1,199	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12	12	12	12	12	12	63	-	257	132	137
Inventory
0	192	241	54	1,062	1,109	3,347	4,505	4,519	4,541	4,253	2,677	2,052	1,233	1,252	1,118	906	862	269	348	432	116	79	31	49	49	28	44	217	497	622	866	1,119	4,254	4,443	5,042	6,075
Current restricted investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	306	306
Other current assets
413	729	574	951	1,091	1,311	893	1,221	1,547	1,015	3,192	4,233	810	606	461	626	590	638	543	542	541	491	458	547	256	336	420	305	699	1,221	606	501	925	793	1,120	978	564
Total current assets
3,290	7,837	7,962	8,143	10,605	17,649	23,574	29,391	16,054	23,217	32,988	25,459	10,986	17,348	9,337	11,022	13,701	11,075	12,546	17,295	18,136	9,625	12,010	13,096	15,778	5,784	8,918	7,452	5,744	9,695	12,962	16,701	9,317	18,655	16,074	16,490	27,624
Property and equipment, net
1,733	1,849	2,111	2,263	2,675	2,993	2,954	3,122	2,950	3,251	3,200	3,299	2,569	1,537	1,367	1,324	1,537	1,669	1,662	1,519	1,025	894	842	893	924	1,065	1,182	1,191	1,003	1,205	1,465	1,650	1,984	2,347	2,736	3,380	4,169
Operating lease right-of-use asset
1,221	1,308	1,394	1,477	1,559	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
435	435	435	435	435	435	435	435	435	435	435	435	435	435	435	435	435	435	435	435	435	435	435	435	435	435	435	435	435	436	436	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	786	-	-	-
Restricted investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	436	436	-	1,019	1,019	1,189
Intangible assets
207	221	306	428	457	486	515	544	573	602	631	660	689	718	750	781	813	845	877	909	941	973	1,046	1,079	1,112	1,145	1,462	1,501	1,540	1,580	1,910	1,956	2,002	2,048	2,094	2,140	2,233
Other assets
18	186	186	1,494	1,470	1,470	2,492	2,498	2,506	2,262	50	58	144	68	18	18	18	18	18	18	18	18	18	18	18	18	18	18	18	22	22	22	34	34	30	30	18
Total assets
6,904	11,836	12,394	14,240	17,201	23,033	29,970	35,990	22,518	29,767	37,304	29,911	14,823	20,106	11,907	13,580	16,504	14,042	15,538	20,176	20,555	11,945	14,351	15,521	18,267	8,447	12,015	10,597	8,740	12,938	16,795	20,765	13,773	23,870	21,953	23,059	35,233
Liabilities and Shareholders' Equity (Deficit)
Current liabilities
Accounts payable
2,113	1,871	1,091	1,705	2,003	2,411	1,631	2,275	1,989	3,063	3,858	1,852	2,237	2,195	2,149	2,496	2,354	2,183	1,627	1,971	2,152	1,626	1,660	1,715	1,369	1,610	1,809	2,106	2,314	3,035	3,877	4,348	6,406	7,341	6,301	6,785	7,665
Accrued liabilities
837	2,045	4,064	4,816	5,092	5,602	5,719	6,155	6,607	5,864	3,995	4,706	4,219	3,704	3,242	3,153	3,882	3,399	2,776	3,269	2,948	2,729	2,361	2,118	2,700	2,470	3,014	3,253	3,501	4,007	4,087	4,438	5,031	5,113	4,432	4,026	4,135
Deferred revenue
-	-	28	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
15	21	-	-	-	0	-	5,000	-	-	999	999	999	999	2,184	1,904	1,203	2,122	1,002	1,284	1,224	0	-	-	-	-	0	28	363	609	-	-	-	0	-	-	-
Contract liabilities
9,271	9,755	10,000	101	5	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Billings on uncompleted contracts in excess of related costs
-	-	-	-	-	-	1	446	4	5	1,453	3,667	127	168	-	-	-	0	5	5	409	230	103	120	347	680	209	863	692	98	86	187	602	156	50	47	81
Other current liabilities
42	83	8	10,042	10,095	10,154	10,027	10,063	10,103	10,142	10,034	10,070	-	178	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of operating lease liability
661	656	651	646	642	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Current portion of finance lease obligations
23	25	24	23	22	21	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Warrant liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,902	6,716	3,755	-	0	-	-	-	-	-	-	-
Current portion of capital lease obligations
-	-	-	-	-	-	13	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	5	-	29	43	51	48	46	44	41	39	40	35	40
Current portion of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	17	42	67	91	97	95	93	91	89	85
Total current liabilities
12,962	14,456	15,866	17,333	17,859	18,188	17,391	23,939	18,703	19,074	20,339	21,294	7,582	7,244	7,575	7,553	7,439	7,704	5,410	6,529	6,733	4,585	4,124	3,953	4,421	9,662	11,777	10,065	6,963	7,864	8,187	9,114	12,175	12,742	10,914	10,982	12,006
Capital lease obligations, net of current portion
-	-	-	-	-	-	27	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	5	20	34	47	60	72	84	94	114
Deferred revenue, net of current portion
-	-	-	-	-	-	-	-	-	-	4,402	4,654	4,903	5,150	5,402	5,654	5,903	6,149	6,401	6,653	6,902	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liability, net of current portion
1,211	1,348	1,482	1,615	1,746	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance lease obligations, net of current portion
5	9	15	22	28	33	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt, net of current portion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	17	42	67	91	114	159
Deferred rent, net of current portion
-	-	0	0	0	695	504	416	366	302	59	102	143	185	226	265	304	342	381	417	453	488	523	557	533	481	428	330	-	0	0	48	119	187	253	497	697
Other long-term liabilities
-	-	-	-	-	-	0	21	163	305	27	36	45	53	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	424
Total liabilities
14,178	15,813	17,363	18,970	19,633	18,916	17,922	24,376	19,232	19,681	24,827	26,086	12,673	12,632	13,203	13,472	13,646	14,195	12,192	13,599	14,088	5,073	4,647	4,510	4,954	10,143	12,205	10,395	6,968	7,884	8,221	9,226	12,396	13,068	11,342	11,687	13,400
Commitments and contingencies (Note 9)
-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	-
Shareholders' equity (deficit)
Preferred stock, par value $0.001; 25,000 shares authorized; 0 and 0 shares issued and outstanding
0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Common stock, par value $0.001; 150,000 shares authorized; 130,878 and 125,803 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively
131	126	119	110	102	100	93	93	79	79	79	72	68	68	54	52	51	47	47	47	46	45	44	44	43	32	32	28	25	25	25	25	17	17	118	108	13
Additional paid-in capital
570,128	568,496	564,227	558,334	551,650	550,133	546,123	545,978	529,205	528,873	528,623	514,737	507,572	507,249	493,123	490,459	489,734	483,171	482,372	482,090	479,212	475,656	-	473,095	471,997	-	448,066	444,795	442,932	442,560	442,006	441,126	426,031	425,658	415,560	408,450	400,880
Accumulated other comprehensive loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-30	-35	-35	-34	-30
Accumulated deficit
-577,533	-572,599	-569,315	-563,174	-554,184	-546,116	-534,168	-534,457	-525,998	-518,866	-516,225	-510,984	-505,490	-499,843	-494,473	-490,403	-486,927	-483,371	-479,073	-475,560	-472,791	-468,829	-	-462,128	-458,727	-	-448,288	-444,621	-441,185	-437,531	-433,457	-429,612	-424,641	-414,838	-405,032	-397,242	-379,030
Total shareholders' equity (deficit)
-7,274	-3,977	-4,969	-4,730	-2,432	4,117	12,048	11,614	3,286	10,086	12,477	3,825	2,150	7,474	-1,296	108	2,858	-153	3,346	6,577	6,467	6,872	-	11,011	13,313	-	-190	202	1,772	5,054	8,574	11,539	1,377	10,802	10,611	11,372	21,833
Additional paid-in capital
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	475,143	-	-	448,981	-	-	-	-	-	-	-	-	-	-	-
Accumulated deficit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-465,483	-	-	-450,709	-	-	-	-	-	-	-	-	-	-	-
Total shareholders' equity (deficit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,704	-	-	-1,696	-	-	-	-	-	-	-	-	-	-	-
Total liabilities and shareholders' equity (deficit)
6,904	11,836	12,394	14,240	17,201	23,033	29,970	35,990	22,518	29,767	37,304	29,911	14,823	20,106	11,907	13,580	16,504	14,042	15,538	20,176	20,555	11,945	14,351	15,521	18,267	8,447	12,015	10,597	8,740	12,938	16,795	20,765	13,773	23,870	21,953	23,059	35,233
Reconciliation of cash, cash equivalents, and restricted cash balances
Cash and cash equivalents
2,325	5,837	6,642	4,614	6,979	13,766	13,210	20,993	7,228	16,966	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
435	435	435	435	435	435	435	435	435	435	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash, cash equivalents, and restricted cash
2,760	6,272	7,077	5,049	7,414	14,201	13,645	21,428	7,663	17,401	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-