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MVIS Stock Price Correlated With MicroVision Financials
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Income Statement
Cash Flow
Balance Sheet
MVIS Income Statement
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Revenue, Net:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
MVIS Cash Flow
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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:
MVIS Balance Sheet
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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:
COMPANY PROFILE
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Use of estimates
The preparation of financial statements in conformity
with generally accepted accounting principles of the United States requires us to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the
reported amounts of revenues and expenses during the reporting period. Actual results could differ from our estimates. We have identified
the following areas where estimates and assumptions have been made in preparing the financial statements: revenue recognition, inventory
valuation, valuation of share-based payments, income taxes, depreciable lives assessment and related disclosure of contingent assets and
liabilities.
Cash and cash equivalents and fair value of financial
instruments
Fair value is defined as the exchange price that would be received for
an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based
measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis
for considering such assumptions, the authoritative guidance establishes a three level fair value inputs hierarchy, and requires an entity
to maximize the use of observable valuation inputs and minimize the use of unobservable inputs. We use market data, assumptions and risks
we believe market participants would use in measuring the fair value of the asset or liability, including the risks inherent in the inputs
and the valuation techniques.
Our financial instruments include cash and cash equivalents, investment
securities, accounts receivable, accounts payable and accrued liabilities. The carrying value of our financial instruments approximates
fair value due to their short maturities. Our cash equivalents are comprised of short-term highly rated money market
savings accounts.
Our short-term investment securities are primarily debt securities. The
Company has classified its entire investment portfolio as available-for-sale. Available-for-sale securities are stated at fair value with
unrealized gains and losses included in other comprehensive income (loss). Dividend and interest income are recognized when earned. Realized
gains and losses are presented separately on the income statement.
Intangible assets
Our intangible assets consist exclusively of purchased
patents. The patents are amortized using the straight-line method over their estimated period of benefit, ranging from one to seventeen
years. Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying value may not be
recoverable. Recoverability of these assets is measured by comparison of their carrying values to the projected undiscounted net cash
flows associated with the related intangible assets or group of assets over their remaining lives. Measurement of an impairment loss for
our intangible assets is based on the difference between the fair value of the asset and its carrying value.
Property and equipment
Property and equipment is stated at cost and depreciated
over the estimated useful lives of the assets (two to five years) using the straight-line method. Our property and equipment may include
assets related to future product lines. As our production needs change, we periodically assess the remaining estimated useful life of
our production equipment. If necessary, we adjust the depreciation on our production equipment to reflect the remaining estimated useful
life. Leasehold improvements are depreciated over the shorter of estimated useful lives or the lease term. Costs for repairs and maintenance
are charged to expense as incurred and expenditures for major improvements are capitalized at cost. Gains or losses on the disposition
of assets are reflected in the income statements at the time of dispos
Use of estimates
The preparation of financial statements in conformity
with generally accepted accounting principles of the United States requires us to make estimates and assumptions that affect the reported
amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the
reported amounts of revenues and expenses during the reporting period. Actual results could differ from our estimates. We have identified
the following areas where estimates and assumptions have been made in preparing the financial statements: revenue recognition, inventory
valuation, valuation of share-based payments, income taxes, depreciable lives assessment and related disclosure of contingent assets and
liabilities.
Cash and cash equivalents and fair value of financial
instruments
Fair value is defined as the exchange price that would be received for
an asset or paid to transfer a liability in an orderly transaction between market participants. As such, fair value is a market-based
measurement that should be determined based on assumptions that market participants would use in pricing an asset or liability. As a basis
for considering such assumptions, the authoritative guidance establishes a three level fair value inputs hierarchy, and requires an entity
to maximize the use of observable valuation inputs and minimize the use of unobservable inputs. We use market data, assumptions and risks
we believe market participants would use in measuring the fair value of the asset or liability, including the risks inherent in the inputs
and the valuation techniques.
Our financial instruments include cash and cash equivalents, investment
securities, accounts receivable, accounts payable and accrued liabilities. The carrying value of our financial instruments approximates
fair value due to their short maturities. Our cash equivalents are comprised of short-term highly rated money market
savings accounts.
Our short-term investment securities are primarily debt securities. The
Company has classified its entire investment portfolio as available-for-sale. Available-for-sale securities are stated at fair value with
unrealized gains and losses included in other comprehensive income (loss). Dividend and interest income are recognized when earned. Realized
gains and losses are presented separately on the income statement.
Intangible assets
Our intangible assets consist exclusively of purchased
patents. The patents are amortized using the straight-line method over their estimated period of benefit, ranging from one to seventeen
years. Intangible assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying value may not be
recoverable. Recoverability of these assets is measured by comparison of their carrying values to the projected undiscounted net cash
flows associated with the related intangible assets or group of assets over their remaining lives. Measurement of an impairment loss for
our intangible assets is based on the difference between the fair value of the asset and its carrying value.
Property and equipment
Property and equipment is stated at cost and depreciated
over the estimated useful lives of the assets (two to five years) using the straight-line method. Our property and equipment may include
assets related to future product lines. As our production needs change, we periodically assess the remaining estimated useful life of
our production equipment. If necessary, we adjust the depreciation on our production equipment to reflect the remaining estimated useful
life. Leasehold improvements are depreciated over the shorter of estimated useful lives or the lease term. Costs for repairs and maintenance
are charged to expense as incurred and expenditures for major improvements are capitalized at cost. Gains or losses on the disposition
of assets are reflected in the income statements at the time of dispos
Free historical financial statements for MicroVision Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 48 quarters since 2012. Compare with MVIS stock chart to see long term trends.
Data imported from MicroVision Inc. SEC filings. Check original filings before making any investment decision.