MicroVision (MVIS) 10-Q 8 Nov 21 2021 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Sep. 30, 2021	Nov. 03, 2021
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2021
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2021
Current Fiscal Year End Date	--12-31
Entity File Number	001-34170
Entity Registrant Name	MicroVision, Inc.
Entity Central Index Key	0000065770
Entity Tax Identification Number	91-1600822
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	6244 185th Avenue NE
Entity Address, Address Line Two	Suite 100
Entity Address, City or Town	Redmond
Entity Address, State or Province	WA
Entity Address, Postal Zip Code	98052
City Area Code	(425)
Local Phone Number	936-6847
Title of 12(b) Security	Common Stock, $0.001 par value per share
Trading Symbol	MVIS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		164,103,810

Condensed Balance Sheets

Condensed Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 125,135	$ 16,862
Inventory	1,182
Other current assets	2,780	698
Total current assets	129,097	17,560
Property and equipment, net	2,780	1,883
Operating lease right-of-use asset	652	946
Restricted cash	435	435
Intangible assets, net	127	164
Other assets	974	18
Total assets	134,065	21,006
Current liabilities
Accounts payable	1,394	630
Accrued liabilities	885	495
Contract liabilities	5,822	7,765
Other current liabilities	1,884
Current portion of long-term debt	685	431
Current portion of operating lease liability	691	676
Current portion of finance lease obligations	23	31
Total current liabilities	11,384	10,028
Long-term debt, net of current portion		1,151
Operating lease liability, net of current portion	307	774
Finance lease obligations, net of current portion	27	44
Total liabilities	11,718	11,997
Shareholders' equity
Preferred stock, par value $0.001; 25,000 shares authorized; no and     no shares issued and outstanding
Common stock, par value $0.001; 210,000 shares authorized;     164,104 and 152,926 shares issued and outstanding at September 30,     2021 and December 31, 2020, respectively	164	153
Additional paid-in capital	738,991	601,224
Subscriptions receivable		(6,135)
Accumulated deficit	(616,808)	(586,233)
Total shareholders' equity	122,347	9,009
Total liabilities and shareholders' equity	$ 134,065	$ 21,006

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	25,000	25,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	210,000	210,000
Common stock, shares issued	164,104	152,926
Common stock, shares outstanding	164,104	152,926

Condensed Statements of Operati

Condensed Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Product [Member]
Revenue from contract with customer		$ 100		$ 1,347
Cost of goods and services	(10)		(46)	(1,394)
Cost of goods and services	10		46	1,394
License [Member]
Revenue from contract with customer	718	539	1,943	1,323
Technology Service [Member]
Revenue from contract with customer				25
Cost of goods and services				(4)
Cost of goods and services				$ 4

Condensed Statements of Opera_2

Condensed Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Total revenue	$ 718	$ 639	$ 1,943	$ 2,695
Total cost of revenue	(10)		(46)	1,398
Gross profit	728	639	1,989	1,297
Research and development expense	5,791	1,972	17,629	7,262
Sales, marketing, general and administrative expense	5,006	1,485	15,608	4,536
Gain on disposal of fixed assets				(450)
Total operating expenses	10,797	3,457	33,237	11,348
Loss from operations	(10,069)	(2,818)	(31,248)	(10,051)
Gain on debt extinguishment	692		692
Other expenses, net	(5)	(8)	(19)	(13)
Net loss	$ (9,382)	$ (2,826)	$ (30,575)	$ (10,064)
Net loss per share - basic and diluted	$ (0.06)	$ (0.02)	$ (0.19)	$ (0.07)
Weighted-average shares outstanding - basic and diluted	163,985	143,685	159,452	137,027

Condensed Statements of Shareho

Condensed Statements of Shareholders' Equity (Deficit) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Receivables from Stockholder [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2019	$ 126	$ 568,496		$ (572,599)	$ (3,977)
Common Stock, Shares, Outstanding, Beginning Balance at Dec. 31, 2019	125,803
Share-based compensation expense		793			793
Share-based compensation expense, shares	201
Exercise of options		107			107
Exercise of options, shares	102
Sales of common stock	$ 18	8,930			8,948
Sales of common stock, shares	17,800
Net loss				(10,064)	(10,064)
Ending balance, value at Sep. 30, 2020	$ 144	578,326		(582,663)	(4,193)
Common Stock, Shares, Outstanding, Ending Balance at Sep. 30, 2020	143,906
Beginning balance, value at Dec. 31, 2019	$ 126	568,496		(572,599)	(3,977)
Common Stock, Shares, Outstanding, Beginning Balance at Dec. 31, 2019	125,803
Ending balance, value at Dec. 31, 2020	$ 153	601,224	(6,135)	(586,233)	$ 9,009
Common Stock, Shares, Outstanding, Ending Balance at Dec. 31, 2020	152,926				152,926
Beginning balance, value at Jun. 30, 2020	$ 143	577,172		(579,837)	$ (2,522)
Common Stock, Shares, Outstanding, Beginning Balance at Jun. 30, 2020	143,433
Share-based compensation expense		449			449
Share-based compensation expense, shares
Exercise of options		104			104
Exercise of options, shares	98
Sales of common stock	$ 1	601			602
Sales of common stock, shares	375
Net loss				(2,826)	(2,826)
Ending balance, value at Sep. 30, 2020	$ 144	578,326		(582,663)	(4,193)
Common Stock, Shares, Outstanding, Ending Balance at Sep. 30, 2020	143,906
Beginning balance, value at Dec. 31, 2020	$ 153	601,224	(6,135)	(586,233)	$ 9,009
Common Stock, Shares, Outstanding, Beginning Balance at Dec. 31, 2020	152,926				152,926
Share-based compensation expense	$ 2	12,343			$ 12,345
Share-based compensation expense, shares	2,235
Exercise of options	$ 1	2,539			2,540
Exercise of options, shares	1,389
Sales of common stock	$ 8	122,885	6,135		129,028
Sales of common stock, shares	7,554
Net loss				(30,575)	(30,575)
Ending balance, value at Sep. 30, 2021	$ 164	738,991		(616,808)	$ 122,347
Common Stock, Shares, Outstanding, Ending Balance at Sep. 30, 2021	164,104				164,104
Beginning balance, value at Jun. 30, 2021	$ 164	736,159		(607,426)	$ 128,897
Common Stock, Shares, Outstanding, Beginning Balance at Jun. 30, 2021	163,960
Share-based compensation expense		2,810			2,810
Share-based compensation expense, shares	95
Exercise of options		30			30
Exercise of options, shares	49
Sales of common stock		(8)			(8)
Sales of common stock, shares
Net loss				(9,382)	(9,382)
Ending balance, value at Sep. 30, 2021	$ 164	$ 738,991		$ (616,808)	$ 122,347
Common Stock, Shares, Outstanding, Ending Balance at Sep. 30, 2021	164,104				164,104

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities
Net loss	$ (30,575)	$ (10,064)
Adjustments to reconcile net loss to net cash used in operations:
Depreciation and amortization	1,040	726
Impairment of property and equipment	664
Gain on disposal of property and equipment		(450)
Share-based compensation expense	12,345	839
Non-cash interest expense	(10)	7
Inventory write-downs		168
Gain on extinguishment of debt	(692)
Change in:
Accounts receivable, net		1,079
Inventory	(1,182)	24
Other current and non-current assets	(3,038)	104
Accounts payable	573	(340)
Accrued liabilities	390	(1,750)
Deferred revenue		(21)
Contract liabilities and other current liabilities	(59)	(1,678)
Operating lease liabilities	(506)	(491)
Other long-term liabilities	(195)
Net cash used in operating activities	(21,245)	(11,847)
Cash flows from investing activities
Proceeds on sale of property and equipment		525
Purchases of property and equipment	(2,034)	(94)
Net cash provided by (used in) investing activities	(2,034)	431
Cash flows from financing activities
Principal payments under finance leases	(25)	(19)
Increase in long-term debt		1,571
Payments received on subscriptions receivable	6,135
Net proceeds from issuance of common stock	125,442	9,054
Net cash provided by financing activities	131,552	10,606
Change in cash, cash equivalents, and restricted cash	108,273	(810)
Cash, cash equivalents, and restricted cash at beginning of period	17,297	6,272
Cash, cash equivalents, and restricted cash at end of period	125,570	5,462
Supplemental schedule of non-cash investing and financing activities
Non-cash additions to property and equipment	$ 298	$ 19

Reconciliation of Cash Suppleme

Reconciliation of Cash Supplement - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Statement of Financial Position [Abstract]
Cash and cash equivalents	$ 125,135	$ 16,862
Restricted cash	435	435
Cash, cash equivalents and restricted cash	$ 125,570	$ 17,297	$ 5,462	$ 6,272

1. MANAGEMENT'S STATEMENT

1. MANAGEMENT'S STATEMENT	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
1. MANAGEMENT'S STATEMENT	1. MANAGEMENT'S STATEMENT Accounting Policy The Condensed Balance Sheets as of September 30, 2021, the Condensed Statements of Operations and the Condensed Statements of Shareholders’ Equity (Deficit) for the three and nine months ended September 30, 2021 and 2020, and the Condensed Statements of Cash Flows for the nine months ended September 30, 2021 and 2020, have been prepared by MicroVision, Inc. ("we" or "our") and have not been audited. In the opinion of management, all adjustments necessary to state fairly the financial position at September 30, 2021 and the results of operations and cash flows for all periods presented have been made and consist of normal recurring adjustments. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to the rules of the Securities and Exchange Commission (SEC). The year-end condensed balance sheet data was derived from audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. You should read these condensed financial statements in conjunction with the financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2020. The results of operations for the three and nine months ended September 30, 2021 are not necessarily indicative of the operating results that may be attained for the entire fiscal year. We are focused on increasing the value of the Company by completing development of our 1st Generation Long Range Lidar (LRL) module to a level that it would be ready to scale in the market. We believe our technology and designs for automotive lidar can be successful in the market, and we expect our solutions to have features and performance that exceed those of competitors and will provide a sustainable strategic advantage in the market. For the past few years, our strategy has been to sell Augmented Reality (AR) displays or components, Interactive Displays, or Consumer Lidars to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) for incorporation into their products. However, while we do have a customer for one of these products which generates royalty income, the volume of sales and resulting royalties from that product are not significant, and we have been unable to secure additional customers to launch one of our products. As a result, in February 2020, we began seeking strategic alternatives while continuing to develop our 1st Generation Long Range Lidar module. We have incurred significant losses since inception. We have funded our operations to date primarily through the sale of common stock, convertible preferred stock, warrants, the issuance of convertible debt and, to a lesser extent, from development contract revenues, product sales and licensing activities. At September 30, 2021, we had $125.1 million in cash and cash equivalents. Based on our current operating plan, we anticipate that we have sufficient cash and cash equivalents to fund our operations for at least the next 12 months.

2. NET LOSS PER SHARE

2. NET LOSS PER SHARE	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
2. NET LOSS PER SHARE	2. NET LOSS PER SHARE Net loss per share Basic net loss per share is calculated using the weighted-average number of common shares outstanding during the period. Net loss per share, assuming dilution, is calculated using the weighted-average number of common shares outstanding and the dilutive effect of all potentially dilutive securities, including common stock equivalents and convertible securities. Net loss per share, assuming dilution, is equal to basic net loss per share because the effect of dilutive securities outstanding during the period, including options and warrants computed using the treasury stock method, is anti-dilutive. The components of basic and diluted net loss per share were as follows (in thousands, except loss per share data): Components of Basic and Diluted Net Loss Per Share Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Numerator: Net loss available for common shareholders - basic and diluted $ (9,382) $ (2,826) $ (30,575) $ (10,064) Denominator: Weighted-average common shares outstanding - basic and diluted 163,985 143,685 159,452 137,027 Net loss per share - basic and diluted $ (0.06) $ (0.02) $ (0.19) $ (0.07) For the three and nine months ended September 30, 2021 and 2020, we excluded the following securities from net loss per share as the effect of including them would have been anti-dilutive: outstanding options exercisable into a total of 1,712,000 3,906,000 2,553,000 2,001,000

3. LONG-TERM CONTRACTS

3. LONG-TERM CONTRACTS	9 Months Ended
	Sep. 30, 2021
Contractors [Abstract]
3. LONG-TERM CONTRACTS	3. LONG-TERM CONTRACTS In May 2018, we signed a five-year license agreement with Sharp Corporation granting them exclusive license to our laser beam scanning (LBS) technology for display-only applications. The agreement includes an initial exclusivity period with requirements that must be met in order to maintain exclusivity. Because of the impact of COVID-19 on global commerce and new product introductions of consumer electronic devices, in February 2021 the agreement was amended to increase the term to six years and add twelve months to the initial exclusivity period. If this licensee acquires a customer, the agreement requires the licensee to buy specific components from us. The exclusivity period is scheduled to end in the fourth quarter of 2021.

4. REVENUE RECOGNITION

4. REVENUE RECOGNITION	9 Months Ended
	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
4. REVENUE RECOGNITION	4. REVENUE RECOGNITION The following is a description of principal activities from which we generate revenue. Revenues are recognized when control of the promised goods or services are transferred to our customers, in an amount that reflects the consideration that we expect to receive in exchange for those goods or services. We generate all of our revenue from contracts with customers. We evaluate contracts based on the 5-step model as stated in Topic 606 as follows: (i) identify the contract, (ii) identify the performance obligations, (iii) determine the transaction price, (iv) allocate the transaction price, and (v) recognize revenue when (or as) performance obligations are satisfied. A contract contains a promise (or promises) to transfer goods or services to a customer. A performance obligation is a promise (or a group of promises) that is distinct, as defined in the revenue standard. The transaction price is the amount of consideration an entity expects to be entitled to from a customer in exchange for providing the goods or services. A number of factors should be considered to determine the transaction price, including whether there is variable consideration, a significant financing component, noncash consideration, or amounts payable to the customer. The determination of variable consideration will require a significant amount of judgment. In estimating the transaction price we will use either the expected value method or the most likely amount method. The transaction price is allocated to the separate performance obligations in the contract based on relative standalone selling prices. Determining the relative standalone selling price can be challenging when goods or services are not sold on a standalone basis. The revenue standard sets out several methods that can be used to estimate a standalone selling price when one is not directly observable. Allocating discounts and variable consideration must also be considered. Allocating the transaction price can require significant judgement on our part. Revenue is recognized when (or as) the customer obtains control of the good or service/performance obligations are satisfied. Topic 606 provides guidance to help determine if a performance obligation is satisfied at a point in time or over time. Where a performance obligation is satisfied over time, the related revenue is also recognized over time. Disaggregation of revenue The following table provides information about disaggregated revenue by timing of revenue recognition (in thousands): Disaggregation of Revenue Three Months Ended September 30, 2021 License and Product royalty Contract revenue revenue revenue Total Timing of revenue recognition Products transferred at a point in time $ $ 718 $ $ 718 Product and services transferred over time Total $ $ 718 $ $ 718 Nine Months ended September 30, 2021 License and Product royalty Contract revenue revenue revenue Total Timing of revenue recognition: Products transferred at a point in time $ $ 1,943 $ $ 1,943 Product and services transferred over time Total $ $ 1,943 $ $ 1,943 Three Months Ended September 30, 2020 License and Product royalty Contract revenue revenue revenue Total Timing of revenue recognition: Products transferred at a point in time $ 100 $ 539 $ $ 639 Product and services transferred over time Total $ 100 $ 539 $ $ 639 Nine Months ended September 30, 2020 License and Product royalty Contract revenue revenue revenue Total Timing of revenue recognition: Products transferred at a point in time $ 1,347 $ 1,323 $ 4 $ 2,674 Product and services transferred over time 21 21 Total $ 1,347 $ 1,323 $ 25 $ 2,695 Contract balances Under Topic 606, our rights to consideration are presented separately depending on whether those rights are conditional or unconditional. We present our unconditional rights to consideration as “accounts receivable” in our Balance Sheet. Significant changes in the contract assets and the contract liabilities balances during the period are as follows (in thousands, except percentages): Significant Changes in Contract Assets and Contract Liabilities September 30, December 31, 2021 2020 $ Change % Change Contract assets $ $ $ - Contract liabilities (5,822) (7,765) 1,943 (25.0) Net contract assets (liabilities) $ (5,822) $ (7,765) $ 1,943 (25.0) In April 2017, we signed a contract with Microsoft Corporation to develop an LBS display system. Under the agreement, we received an upfront payment of $ 10.0 2.2 718,000 1.9 Contract acquisition costs We are required to capitalize certain contract acquisition costs consisting primarily of commissions paid when contracts are signed. We currently do not pay any commissions upon the signing of a contract; therefore, no commission cost has been incurred as of September 30, 2021. Transaction price allocated to the remaining performance obligations The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period. The $10.0 million upfront payment received from our customer as noted above was being recognized as revenue as component sales were transferred to the customer. Under the arrangement reached in March 2020, the royalties we expect to earn will be applied against the remaining prepayment. We expect to apply an additional $582,000 during the remainder of 2021 and $2.5 million during 2022, and this amount is included in revenue below. Because there is uncertainty about the timing of the application of the remainder of the contract liability, it has been excluded from future estimated revenue in the table below. The $5.8 million contract liability is classified as a current liability on our balance sheet. It is likely that recognition of revenue may extend beyond the next twelve months. The following table provides information about the estimated timing of revenue recognition (in thousands): Estimated Timing of Revenue Recognition Remainder of 2021 2022 License and royalty revenue $ 582 $ 2,500

5. CONCENTRATION OF CREDIT RISK

5. CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS AND SUPPLIERS	9 Months Ended
	Sep. 30, 2021
Risks and Uncertainties [Abstract]
5. CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS AND SUPPLIERS	5. CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS AND SUPPLIERS Concentration of credit risk Financial instruments that potentially subject us to a concentration of credit risk are primarily cash equivalents and accounts receivable. We typically do not require collateral from our customers. As of September 30, 2021, our cash and cash equivalents are comprised of operating checking accounts and short-term highly rated money market savings accounts. Concentration of major customers and suppliers For the three and nine months ended September 30, 2021, one customer, Microsoft Corporation, accounted for $ 718,000 1.9 100% 539,000 2.6 84% 96 Typically, a significant concentration of our components and the products we have sold are manufactured and obtained from single or limited-source suppliers. The loss of any single or limited-source supplier, the failure of any of these suppliers to perform as expected, or the disruption in the supply chain of components from these suppliers could subject us to risks and uncertainties including, but not limited to, increased cost of sales, possible loss of revenues, or significant delays in product development or product deliveries, any of which could adversely affect our financial condition and operating results.

6. INVENTORY

6. INVENTORY	9 Months Ended
	Sep. 30, 2021
Inventory Disclosure [Abstract]
6. INVENTORY	6. INVENTORY Inventory consists of the following: Components of Inventory September 30, December 31, (in thousands) 2021 2020 Raw materials $ 1,182 $ Finished goods $ 1,182 $ Inventory Inventory consists of raw materials and finished goods assemblies. Inventory is computed using the first-in, first-out (FIFO) method and is stated at the lower of cost and net realizable value. Management periodically assesses the need to account for obsolescence of inventory and adjusts the carrying value of inventory to its net realizable value when required.

7. SHARE-BASED COMPENSATION

7. SHARE-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
7. SHARE-BASED COMPENSATION	7. SHARE-BASED COMPENSATION Share-Based Compensation We issue share-based compensation to employees in the form of stock options, restricted stock units (RSUs), and performance stock units (PSUs). We account for the share-based awards by recognizing the fair value of share-based compensation expense on a straight-line basis over the service period of the award, net of estimated forfeitures. The fair value of stock options is estimated on the grant date using the Black-Scholes option pricing model. The fair value of RSUs and non-executive PSUs is based on the closing price of our common stock on the grant date. Executive PSUs are valued using a binomial option pricing model using the following inputs: stock price, volatility, and risk-free interest rates. Changes in estimated inputs or using other option valuation methods may result in materially different option values and share-based compensation expense. The following table summarizes the amount of share-based compensation expense by line item on the statements of operations: Share-based Compensation Expense by Line Item Share-based compensation expense Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2021 2020 2021 2020 Research and development expense $ 1,371 $ 291 $ 4,758 $ 433 Sales, marketing, general and administrative expense 1,439 159 7,587 406 $ 2,810 $ 450 $ 12,345 $ 839 Options activity and positions The following table summarizes shares, weighted-average exercise price, weighted-average remaining contractual term and aggregate intrinsic value of options outstanding and options exercisable as of September 30, 2021: Option Positions Weighted- Weighted- Average Average Remaining Aggregate Options Exercise Contractual Intrinsic Shares Price Term (years) Value Outstanding as of September 30, 2021 1,712,000 $ 1.31 6.5 $ 16,689,000 Exercisable as of September 30, 2021 1,351,000 $ 1.49 6.1 $ 12,942,000 As of September 30, 2021, our unrecognized share-based employee compensation related to stock options was $ 103,000 0.8 Restricted stock activity and positions The following table summarizes activity and positions with respect to RSUs and PSUs for the nine months ended September 30, 2021: Restricted Stock Unit Activity Weighted-average Shares price Unvested as of December 31, 2020 1,983,000 $ 0.76 Granted 3,937,000 13.21 Vested (2,250,000) 2.99 Forfeited (1,117,000) 12.16 Unvested as of September 30, 2021 2,553,000 $ 13.01 As of September 30, 2021, our unrecognized share-based compensation related to RSUs was $ 26.0 million 2.5 1.2 1.0 .

8. LEASES

8. LEASES	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
8. LEASES	8. LEASES Lessee Lease Policy We lease our office space and certain equipment under finance and operating leases. Our leases have remaining lease terms of one to two years. Our office lease agreement includes both lease and non-lease components, which are accounted for separately. Our finance leases contain options to purchase the leased property. The depreciable life of assets and leasehold improvements are limited by the expected lease term, unless we are reasonably certain to exercise the purchase option. In September 2021, we entered into an office lease with Redmond East Office Park LLC, a Washington limited liability company, pursuant to which we will lease approximately 16,681 square feet of space located in Redmond, Washington that we will use primarily for general office space and product testing. The lease provides for an initial term of 128 months commencing November 1, 2021. Pursuant to the lease, annual base rent will be approximately $500,000 for the first year and is subject to annual increases of 3.0%. In addition to base rent, we will pay additional rent comprised of our proportionate share of any operating expenses, real estate taxes, and management fees. We have the option to extend the term for one ten-year renewal period, provided that the rent would be subject to market adjustment at the beginning of the renewal term. The total minimum lease payments related to this forward-starting lease are $6.4 million. In September 2021, we entered into a second office lease with Redmond East Office Park LLC, pursuant to which we will lease approximately 36,062 square feet of space located in Redmond, Washington that we will use primarily for general office and lab space. The lease provides for an initial term of 120 months with a target commencement date of July 1, 2022. Pursuant to the lease, annual base rent will be approximately $1.1 million for the first year and is subject to annual increases of 3.0%. In addition to base rent, we will pay additional rent comprised of our proportionate share of any operating expenses, real estate taxes, and management fees. We have the option to extend the term for one ten-year renewal period, provided that the rent would be subject to market adjustment at the beginning of the renewal term. The total minimum lease payments related to this forward-starting lease are $13.0 million. In connection with the effectiveness of the second lease with Redmond East Office Park, we amended our current office lease to provide for early termination intended to coincide with our move into the new 36,062 square feet of space but, in any event, no later than October 31, 2022. The components of lease expense were as follows: Components of Lease Expense Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2021 2020 2021 2020 Operating lease expense $ 116 $ 116 $ 348 $ 348 Finance lease expense: Amortization of leased assets 7 6 24 18 Interest on lease liabilities 2 2 Total finance lease expense 7 6 26 20 Total lease expense $ 123 $ 122 $ 374 $ 368 Supplemental cash flow information related to leases was as follows: Cash Flow Information Related to Leases Nine Months Ended September 30, (in thousands) 2021 2020 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 506 $ 491 Operating cash flows from finance leases 2 2 Financing cash flows from finance leases 25 19 Supplemental balance sheet information related to leases was as follows: Supplemental Balance Sheet Information Related to Leases September 30, December 31, (in thousands) 2021 2020 Operating leases Operating lease right-of-use assets $ 652 $ 946 Current portion of operating lease liability 691 676 Operating lease liability, net of current portion 307 774 Total operating lease liabilities $ 998 $ 1,450 Finance leases Property and equipment, at cost $ 112 $ 112 Accumulated depreciation (49) (28) Property and equipment, net $ 63 $ 84 Current portion of finance lease obligations $ 23 $ 31 Finance lease obligations, net of current portion 27 44 Total finance lease liabilities $ 50 $ 75 Weighted Average Remaining Lease Term Operating leases 1.5 2.3 Finance leases 1.3 2.0 Weighted Average Discount Rate Operating leases 6.0% 6.0% Finance leases 6.3% 6.3% As of September 30, 2021, maturities of lease liabilities were as follows: Maturities of Lease Liabilities (in thousands) Operating Finance Years Ended December 31, leases leases 2021 $ 170 $ 6 2022 696 26 2023 175 21 2024 Thereafter Total minimum lease payments 1,041 53 Less: amount representing interest (43) (3) Present value of capital lease liabilities $ 998 $ 50

9. COMMITMENTS AND CONTINGENCIE

9. COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
9. COMMITMENTS AND CONTINGENCIES	9. COMMITMENTS AND CONTINGENCIES Litigation We are subject to various claims and pending or threatened lawsuits in the normal course of business. We are not currently party to any legal proceedings that management believes are reasonably possible to have a material adverse effect on our financial position, results of operations or cash flows.

10. COMMON STOCK

10. COMMON STOCK	9 Months Ended
	Sep. 30, 2021
Equity [Abstract]
10. COMMON STOCK	10. COMMON STOCK In June 2021, we entered into a $140.0 million ATM equity offering agreement with Craig-Hallum. Under the agreement we are able, at our discretion, to offer and sell shares of our common stock having an aggregate value of up to $140.0 million through Craig-Hallum. As of September 30, 2021, we had issued 4.0 67.8 In February 2021, we entered into a $50.0 million ATM equity offering agreement with Craig-Hallum. Under the agreement we were able, at our discretion, to offer and sell shares of our common stock having an aggregate value of up to $50.0 million through Craig-Hallum. We issued 2.5 48.8 In December 2020, we entered into a $13.0 million ATM equity offering agreement with Craig-Hallum. Under the agreement we were able, from time to time, at our discretion to offer and sell shares of our common stock having an aggregate value of up to $13.0 million through Craig-Hallum. As of December 31, 2020, we had issued 1.0 million shares for net proceeds of $6.1 million that was received in January 2021. The $6.1 million was classified as subscriptions receivable on our December 31, 2020 balance sheet and is not included in the cash balance as of December 31, 2020. In January 2021, we issued 1.1 million shares of our common stock for net proceeds of $6.6 million under the agreement. In total, we issued 2.1 12.7 In November 2020, we entered into a $10.0 million ATM equity offering agreement with Craig-Hallum Capital Group. Under the agreement we were able, from time to time, at our discretion to offer and sell shares of our common stock having an aggregate value of up to $10.0 million through Craig-Hallum. As of December 31, 2020, we had completed sales under such sales agreement, having sold 4.9 9.6 In December 2019, we entered into a Common Stock Purchase Agreement with Lincoln Park granting us the right to sell shares of our common stock having an aggregate value of up to $16.0 million. Under the terms of the agreement, Lincoln Park made an initial purchase of 1.5 million shares of common stock for $1.0 million at a purchase price of $0.6531 per share. Subject to various limitations and conditions set forth in the agreement, we were able to sell up to an additional $15.0 million in shares of common stock, from time to time, at our sole discretion to Lincoln Park over a 24-month period beginning December 2019. In consideration for entering into the agreement, we issued 375,000 shares of our common stock, having a value of $277,000, based on the closing stock price at the date of grant, to Lincoln Park as a commitment fee. We incurred an additional $90,000 in issuance costs. As of December 31, 2020, we had completed sales under such sales agreement, having sold 22.2 15.6

11. LONG-TERM DEBT

11. LONG-TERM DEBT	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
11. LONG-TERM DEBT	11. LONG-TERM DEBT In April 2020, we received funds in the amount of approximately $ 1.6 0.98 690,000
Debt Instrument, Description	In April 2020, we received funds in the amount of approximately $1.6 million pursuant to a loan under the Paycheck Protection Program of the 2020 CARES Act (PPP) administered by the Small Business Administration. The loan has an interest rate of 0.98% and a term of 24 months. Due to an extension of the program, no payments were due until August 2021, although interest accrued during that period. Thereafter, the loan was repayable in monthly installments over the next 9 months to retire the loan plus accrued interest. Funds from the loan could only be used for certain purposes, including payroll, benefits, rent and utilities, and a portion of the loan used to pay certain costs was forgivable, all as provided by the terms of the PPP. The CARES Act provided that the forgivable portion of the PPP loan could be reduced if the borrower reduced full-time equivalent employees during the covered period as compared to a base period. As of December 31, 2020, all of the funds received under the PPP had been used for qualified purposes. We applied for and, in July 2021, received partial forgiveness of the loan of approximately $690,000 in accordance with PPP guidelines. The forgiveness was recorded in our financial statements in the third quarter of 2021 as a gain on debt extinguishment. The loan is evidenced by a promissory note, which contains customary events of default relating to, among other things, payment defaults and breaches of representations and warranties. We may prepay the loan at any time prior to maturity with no prepayment penalties.

1. MANAGEMENT'S STATEMENT (Poli

1. MANAGEMENT'S STATEMENT (Policies)	9 Months Ended
	Sep. 30, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounting Policy	Accounting Policy The Condensed Balance Sheets as of September 30, 2021, the Condensed Statements of Operations and the Condensed Statements of Shareholders’ Equity (Deficit) for the three and nine months ended September 30, 2021 and 2020, and the Condensed Statements of Cash Flows for the nine months ended September 30, 2021 and 2020, have been prepared by MicroVision, Inc. ("we" or "our") and have not been audited. In the opinion of management, all adjustments necessary to state fairly the financial position at September 30, 2021 and the results of operations and cash flows for all periods presented have been made and consist of normal recurring adjustments. Certain information and footnote disclosures normally included in financial statements prepared in accordance with generally accepted accounting principles have been condensed or omitted pursuant to the rules of the Securities and Exchange Commission (SEC). The year-end condensed balance sheet data was derived from audited financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. You should read these condensed financial statements in conjunction with the financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2020. The results of operations for the three and nine months ended September 30, 2021 are not necessarily indicative of the operating results that may be attained for the entire fiscal year. We are focused on increasing the value of the Company by completing development of our 1st Generation Long Range Lidar (LRL) module to a level that it would be ready to scale in the market. We believe our technology and designs for automotive lidar can be successful in the market, and we expect our solutions to have features and performance that exceed those of competitors and will provide a sustainable strategic advantage in the market. For the past few years, our strategy has been to sell Augmented Reality (AR) displays or components, Interactive Displays, or Consumer Lidars to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) for incorporation into their products. However, while we do have a customer for one of these products which generates royalty income, the volume of sales and resulting royalties from that product are not significant, and we have been unable to secure additional customers to launch one of our products. As a result, in February 2020, we began seeking strategic alternatives while continuing to develop our 1st Generation Long Range Lidar module. We have incurred significant losses since inception. We have funded our operations to date primarily through the sale of common stock, convertible preferred stock, warrants, the issuance of convertible debt and, to a lesser extent, from development contract revenues, product sales and licensing activities. At September 30, 2021, we had $125.1 million in cash and cash equivalents. Based on our current operating plan, we anticipate that we have sufficient cash and cash equivalents to fund our operations for at least the next 12 months.

2. NET LOSS PER SHARE (Policies

2. NET LOSS PER SHARE (Policies)	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Net loss per share	Net loss per share Basic net loss per share is calculated using the weighted-average number of common shares outstanding during the period. Net loss per share, assuming dilution, is calculated using the weighted-average number of common shares outstanding and the dilutive effect of all potentially dilutive securities, including common stock equivalents and convertible securities. Net loss per share, assuming dilution, is equal to basic net loss per share because the effect of dilutive securities outstanding during the period, including options and warrants computed using the treasury stock method, is anti-dilutive.

4. REVENUE RECOGNITION (Policie

4. REVENUE RECOGNITION (Policies)	9 Months Ended
	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
The following is a description of principal activities from which we generate revenue. Revenues are recognized when control of the promised goods or services are transferred to our customers, in an amount that reflects the consideration that we expect to receive in exchange for those goods or services. We generate all of our revenue from contracts with customers.	The following is a description of principal activities from which we generate revenue. Revenues are recognized when control of the promised goods or services are transferred to our customers, in an amount that reflects the consideration that we expect to receive in exchange for those goods or services. We generate all of our revenue from contracts with customers. We evaluate contracts based on the 5-step model as stated in Topic 606 as follows: (i) identify the contract, (ii) identify the performance obligations, (iii) determine the transaction price, (iv) allocate the transaction price, and (v) recognize revenue when (or as) performance obligations are satisfied. A contract contains a promise (or promises) to transfer goods or services to a customer. A performance obligation is a promise (or a group of promises) that is distinct, as defined in the revenue standard. The transaction price is the amount of consideration an entity expects to be entitled to from a customer in exchange for providing the goods or services. A number of factors should be considered to determine the transaction price, including whether there is variable consideration, a significant financing component, noncash consideration, or amounts payable to the customer. The determination of variable consideration will require a significant amount of judgment. In estimating the transaction price we will use either the expected value method or the most likely amount method. The transaction price is allocated to the separate performance obligations in the contract based on relative standalone selling prices. Determining the relative standalone selling price can be challenging when goods or services are not sold on a standalone basis. The revenue standard sets out several methods that can be used to estimate a standalone selling price when one is not directly observable. Allocating discounts and variable consideration must also be considered. Allocating the transaction price can require significant judgement on our part. Revenue is recognized when (or as) the customer obtains control of the good or service/performance obligations are satisfied. Topic 606 provides guidance to help determine if a performance obligation is satisfied at a point in time or over time. Where a performance obligation is satisfied over time, the related revenue is also recognized over time.

6. INVENTORY (Policies)

6. INVENTORY (Policies)	9 Months Ended
	Sep. 30, 2021
Inventory Disclosure [Abstract]
Inventory	Inventory Inventory consists of raw materials and finished goods assemblies. Inventory is computed using the first-in, first-out (FIFO) method and is stated at the lower of cost and net realizable value. Management periodically assesses the need to account for obsolescence of inventory and adjusts the carrying value of inventory to its net realizable value when required.

7. SHARE-BASED COMPENSATION (Po

7. SHARE-BASED COMPENSATION (Policies)	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation We issue share-based compensation to employees in the form of stock options, restricted stock units (RSUs), and performance stock units (PSUs). We account for the share-based awards by recognizing the fair value of share-based compensation expense on a straight-line basis over the service period of the award, net of estimated forfeitures. The fair value of stock options is estimated on the grant date using the Black-Scholes option pricing model. The fair value of RSUs and non-executive PSUs is based on the closing price of our common stock on the grant date. Executive PSUs are valued using a binomial option pricing model using the following inputs: stock price, volatility, and risk-free interest rates. Changes in estimated inputs or using other option valuation methods may result in materially different option values and share-based compensation expense.

8. LEASES (Policies)

8. LEASES (Policies)	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Lessee Lease Policy	Lessee Lease Policy We lease our office space and certain equipment under finance and operating leases. Our leases have remaining lease terms of one to two years. Our office lease agreement includes both lease and non-lease components, which are accounted for separately. Our finance leases contain options to purchase the leased property. The depreciable life of assets and leasehold improvements are limited by the expected lease term, unless we are reasonably certain to exercise the purchase option.

2. NET LOSS PER SHARE (Tables)

2. NET LOSS PER SHARE (Tables)	9 Months Ended
	Sep. 30, 2021
Earnings Per Share [Abstract]
Components of Basic and Diluted Net Loss Per Share	The components of basic and diluted net loss per share were as follows (in thousands, except loss per share data): Components of Basic and Diluted Net Loss Per Share Three Months Ended Nine Months Ended September 30, September 30, 2021 2020 2021 2020 Numerator: Net loss available for common shareholders - basic and diluted $ (9,382) $ (2,826) $ (30,575) $ (10,064) Denominator: Weighted-average common shares outstanding - basic and diluted 163,985 143,685 159,452 137,027 Net loss per share - basic and diluted $ (0.06) $ (0.02) $ (0.19) $ (0.07)

4. REVENUE RECOGNITION (Tables)

4. REVENUE RECOGNITION (Tables)	9 Months Ended
	Sep. 30, 2021
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table provides information about disaggregated revenue by timing of revenue recognition (in thousands): Disaggregation of Revenue Three Months Ended September 30, 2021 License and Product royalty Contract revenue revenue revenue Total Timing of revenue recognition Products transferred at a point in time $ $ 718 $ $ 718 Product and services transferred over time Total $ $ 718 $ $ 718 Nine Months ended September 30, 2021 License and Product royalty Contract revenue revenue revenue Total Timing of revenue recognition: Products transferred at a point in time $ $ 1,943 $ $ 1,943 Product and services transferred over time Total $ $ 1,943 $ $ 1,943 Three Months Ended September 30, 2020 License and Product royalty Contract revenue revenue revenue Total Timing of revenue recognition: Products transferred at a point in time $ 100 $ 539 $ $ 639 Product and services transferred over time Total $ 100 $ 539 $ $ 639 Nine Months ended September 30, 2020 License and Product royalty Contract revenue revenue revenue Total Timing of revenue recognition: Products transferred at a point in time $ 1,347 $ 1,323 $ 4 $ 2,674 Product and services transferred over time 21 21 Total $ 1,347 $ 1,323 $ 25 $ 2,695
Significant Changes in Contract Assets and Contract Liabilities	Significant changes in the contract assets and the contract liabilities balances during the period are as follows (in thousands, except percentages): Significant Changes in Contract Assets and Contract Liabilities September 30, December 31, 2021 2020 $ Change % Change Contract assets $ $ $ - Contract liabilities (5,822) (7,765) 1,943 (25.0) Net contract assets (liabilities) $ (5,822) $ (7,765) $ 1,943 (25.0) In April 2017, we signed a contract with Microsoft Corporation to develop an LBS display system. Under the agreement, we received an upfront payment of $ 10.0 2.2 718,000 1.9
Estimated Timing of Revenue Recognition	The following table provides information about the estimated timing of revenue recognition (in thousands): Estimated Timing of Revenue Recognition Remainder of 2021 2022 License and royalty revenue $ 582 $ 2,500

6. INVENTORY (Tables)

6. INVENTORY (Tables)	9 Months Ended
	Sep. 30, 2021
Inventory Disclosure [Abstract]
Components of Inventory	Inventory consists of the following: Components of Inventory September 30, December 31, (in thousands) 2021 2020 Raw materials $ 1,182 $ Finished goods $ 1,182 $

7. SHARE-BASED COMPENSATION (Ta

7. SHARE-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Share-based Compensation Expense by Line Item	The following table summarizes the amount of share-based compensation expense by line item on the statements of operations: Share-based Compensation Expense by Line Item Share-based compensation expense Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2021 2020 2021 2020 Research and development expense $ 1,371 $ 291 $ 4,758 $ 433 Sales, marketing, general and administrative expense 1,439 159 7,587 406 $ 2,810 $ 450 $ 12,345 $ 839
Option Positions	The following table summarizes shares, weighted-average exercise price, weighted-average remaining contractual term and aggregate intrinsic value of options outstanding and options exercisable as of September 30, 2021: Option Positions Weighted- Weighted- Average Average Remaining Aggregate Options Exercise Contractual Intrinsic Shares Price Term (years) Value Outstanding as of September 30, 2021 1,712,000 $ 1.31 6.5 $ 16,689,000 Exercisable as of September 30, 2021 1,351,000 $ 1.49 6.1 $ 12,942,000
Restricted Stock Unit Activity	The following table summarizes activity and positions with respect to RSUs and PSUs for the nine months ended September 30, 2021: Restricted Stock Unit Activity Weighted-average Shares price Unvested as of December 31, 2020 1,983,000 $ 0.76 Granted 3,937,000 13.21 Vested (2,250,000) 2.99 Forfeited (1,117,000) 12.16 Unvested as of September 30, 2021 2,553,000 $ 13.01

8. LEASES (Tables)

8. LEASES (Tables)	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Components of Lease Expense	The components of lease expense were as follows: Components of Lease Expense Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2021 2020 2021 2020 Operating lease expense $ 116 $ 116 $ 348 $ 348 Finance lease expense: Amortization of leased assets 7 6 24 18 Interest on lease liabilities 2 2 Total finance lease expense 7 6 26 20 Total lease expense $ 123 $ 122 $ 374 $ 368
Cash Flow Information Related to Leases	Supplemental cash flow information related to leases was as follows: Cash Flow Information Related to Leases Nine Months Ended September 30, (in thousands) 2021 2020 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 506 $ 491 Operating cash flows from finance leases 2 2 Financing cash flows from finance leases 25 19
Supplemental Balance Sheet Information Related to Leases	Supplemental balance sheet information related to leases was as follows: Supplemental Balance Sheet Information Related to Leases September 30, December 31, (in thousands) 2021 2020 Operating leases Operating lease right-of-use assets $ 652 $ 946 Current portion of operating lease liability 691 676 Operating lease liability, net of current portion 307 774 Total operating lease liabilities $ 998 $ 1,450 Finance leases Property and equipment, at cost $ 112 $ 112 Accumulated depreciation (49) (28) Property and equipment, net $ 63 $ 84 Current portion of finance lease obligations $ 23 $ 31 Finance lease obligations, net of current portion 27 44 Total finance lease liabilities $ 50 $ 75 Weighted Average Remaining Lease Term Operating leases 1.5 2.3 Finance leases 1.3 2.0 Weighted Average Discount Rate Operating leases 6.0% 6.0% Finance leases 6.3% 6.3%
Maturities of Lease Liabilities	As of September 30, 2021, maturities of lease liabilities were as follows: Maturities of Lease Liabilities (in thousands) Operating Finance Years Ended December 31, leases leases 2021 $ 170 $ 6 2022 696 26 2023 175 21 2024 Thereafter Total minimum lease payments 1,041 53 Less: amount representing interest (43) (3) Present value of capital lease liabilities $ 998 $ 50

Components of Basic and Diluted

Components of Basic and Diluted Net Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Numerator:
Net loss available for common shareholders - basic and diluted	$ (9,382)	$ (2,826)	$ (30,575)	$ (10,064)
Weighted-average common shares outstanding - basic and diluted	163,985	143,685	159,452	137,027
Net loss per share - basic and diluted	$ (0.06)	$ (0.02)	$ (0.19)	$ (0.07)

2. NET LOSS PER SHARE (Details

2. NET LOSS PER SHARE (Details Narrative) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Share-based Payment Arrangement [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	1,712,000	3,906,000	1,712,000	3,906,000
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	2,553,000	2,001,000	2,553,000	2,001,000

Disaggregation of Revenue (Deta

Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Disaggregation of Revenue [Line Items]
Timing of revenue recognition:	Timing of revenue recognition	Timing of revenue recognition:	Timing of revenue recognition:	Timing of revenue recognition:
Disaggregated revenue	$ 718	$ 639	$ 1,943	$ 2,695
Product Revenue [Member]
Disaggregation of Revenue [Line Items]
Disaggregated revenue		100		1,347
License And Royalty Revenue [Member]
Disaggregation of Revenue [Line Items]
Disaggregated revenue	718	539	1,943	1,323
Contract Revenue [Member]
Disaggregation of Revenue [Line Items]
Disaggregated revenue				25
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Disaggregated revenue	718	639	1,943	2,674
Transferred at Point in Time [Member] | Product Revenue [Member]
Disaggregation of Revenue [Line Items]
Disaggregated revenue		100		1,347
Transferred at Point in Time [Member] | License And Royalty Revenue [Member]
Disaggregation of Revenue [Line Items]
Disaggregated revenue	718	539	1,943	1,323
Transferred at Point in Time [Member] | Contract Revenue [Member]
Disaggregation of Revenue [Line Items]
Disaggregated revenue				4
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Disaggregated revenue				21
Transferred over Time [Member] | Product Revenue [Member]
Disaggregation of Revenue [Line Items]
Disaggregated revenue
Transferred over Time [Member] | License And Royalty Revenue [Member]
Disaggregation of Revenue [Line Items]
Disaggregated revenue
Transferred over Time [Member] | Contract Revenue [Member]
Disaggregation of Revenue [Line Items]
Disaggregated revenue				$ 21

Significant Changes in Contract

Significant Changes in Contract Assets and Contract Liabilities (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)	Dec. 31, 2020USD ($)
Revenue from Contract with Customer [Abstract]
Contract assets
Change in Contract Asset
Percent Change in Contract Asset
Contract liabilities	$ (5,822)	(7,765)
Change in Contract Liability	$ 1,943
Percent Change in Contract Liability	(2,500)
Net contract assets (liabilities)	$ (5,822)	$ (7,765)
Change in Net Contract Assets (Liabilities)	$ 1,943
Percent Change in Net Contract Assets (Liabilities)	(2,500)

Estimated Timing of Revenue Rec

Estimated Timing of Revenue Recognition (Details) - License And Royalty Revenue [Member] $ in Thousands	Sep. 30, 2021USD ($)
Remainder 2021 [Member]
Disaggregation of Revenue [Line Items]
Revenue, Remaining Performance Obligation	$ 582
Year 2022 [Member]
Disaggregation of Revenue [Line Items]
Revenue, Remaining Performance Obligation	$ 2,500

4. REVENUE RECOGNITION (Details

4. REVENUE RECOGNITION (Details Narrative) - License [Member] - USD ($)	3 Months Ended	9 Months Ended	44 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Dec. 31, 2020	Apr. 30, 2017
Disaggregation of Revenue [Line Items]
Upfront payment				$ 10,000,000
Appled against contract liability	$ 718,000	$ 1,900,000	$ 2,200,000

5. CONCENTRATION OF CREDIT RI_2

5. CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS AND SUPPLIERS (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Concentration Risk [Line Items]
Total revenue	$ 718,000	$ 639,000	$ 1,943,000	$ 2,695,000
Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Total revenue	$ 718,000	$ 539,000	$ 1,900,000	$ 2,600,000
Concentration Risk, Percentage	100.00%	84.00%	100.00%	9600.00%

Components of Inventory (Detail

Components of Inventory (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Inventory Disclosure [Abstract]
Raw materials	$ 1,182
Finished goods
	$ 1,182

Share-based Compensation Expens

Share-based Compensation Expense by Line Item (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based employee compensation expense	$ 2,810	$ 450	$ 12,345	$ 839
Research and Development Expense [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based employee compensation expense	1,371	291	4,758	433
Sales Marketing General And Administrative Expense [Member]
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based employee compensation expense	$ 1,439	$ 159	$ 7,587	$ 406

Option Positions (Details)

Option Positions (Details)	9 Months Ended
	Sep. 30, 2021USD ($)$ / sharesshares
Share-based Payment Arrangement [Abstract]
Outstanding shares | shares	1,712,000
Weighted-average exercise price of options outstanding | $ / shares	$ 1.31
Weighted-average remaining contractual term (in years) of options outstanding	6 years 6 months
Aggregate intrinsic value of options outstanding | $	$ 16,689,000
Exercisable shares | shares	1,351,000
Weighted-average exercise price of options exercisable | $ / shares	$ 1.49
Weighted-average remaining contractual term (in years) of options exercisable	6 years 1 month 6 days
Aggregate intrinsic value of options exercisable | $	$ 12,942,000

Restricted Stock Unit Activity

Restricted Stock Unit Activity (Details)	9 Months Ended
	Sep. 30, 2021$ / sharesshares
Share-based Payment Arrangement [Abstract]
Unvested, number of shares (in shares) | shares	1,983,000
Unvested, weighted average award price (in dollars per share) | $ / shares	$ 0.76
Granted, number of shares (in shares) | shares	3,937,000
Granted, weighted average award price (in dollars per share) | $ / shares	$ 13.21
Vested, number of shares (in shares) | shares	(2,250,000)
Vested, weighted average award price (in dollars per share) | $ / shares	$ 2.99
Forfeited, number of shares (in shares) | shares	(1,117,000)
Forfeited, weighted average award price (in dollars per share) | $ / shares	$ 12.16
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance | shares	2,553,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 13.01

7. SHARE-BASED COMPENSATION (De

7. SHARE-BASED COMPENSATION (Details Narrative)	9 Months Ended
	Sep. 30, 2021USD ($)
Share-based Payment Arrangement, Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized share-based employee compensation	$ 103,000
Amortization period	9 months 18 days
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Amortization period	2 years 6 months
Unrecognized share-based employee compensation	$ 26,000,000
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Amortization period	1 year
Unrecognized share-based employee compensation	$ 1,200,000

Components of Lease Expense (De

Components of Lease Expense (Details) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Leases [Abstract]
Operating lease expense	$ 116	$ 116	$ 348	$ 348
Finance lease expense:
Amortization of leased assets	7	6	24	18
Interest on lease liabilities			2	2
Total finance lease expense	7	6	26	20
Total lease expense	$ 123	$ 122	$ 374	$ 368

Cash Flow Information Related t

Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$ 506	$ 491
Operating cash flows from finance leases	2	2
Financing cash flows from finance leases	$ 25	$ 19

Supplemental Balance Sheet Info

Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Operating leases
Operating lease right-of-use assets	$ 652	$ 946
Operating lease liability, net of current	998
Finance leases
Property and equipment, net	2,780	1,883
Total finance lease liabilities	$ 50	$ 75
Weighted Average Remaining Lease Term
Operating Lease, Weighted Average Remaining Lease Term	1 year 6 months	2 years 3 months 18 days
Finance Lease, Weighted Average Remaining Lease Term	1 year 3 months 18 days	2 years
Weighted Average Discount Rate
Operating leases	6.00%	6.00%
Finance leases	6.30%	6.30%
Financial Lease [Member]
Finance leases
Property and equipment, at cost	$ 112	$ 112
Accumulated depreciation	(49)	(28)
Property and equipment, net	63	84
Other Current Liabilities [Member]
Operating leases
Operating lease liability, net of current	691	676
Finance leases
Total finance lease liabilities	23
Other Noncurrent Liabilities [Member]
Operating leases
Operating lease liability, net of current	307	774
Finance leases
Total finance lease liabilities	27
Other Liabilities [Member]
Operating leases
Operating lease liability, net of current	$ 998	$ 1,450

Maturities of Lease Liabilities

Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Leases [Abstract]
Operating leases, 2021	$ 170
Finance leases, 2021	6
Operating leases, 2022	696
Finance leases, 2022	26
Operating leases 2023	175
Finance leases, 2023	21
Operating leases, 2024
Finance leases, 2024
Operating leases, thereafter
Finance leases, thereafter
Operating leases, total mimimum lease payments	1,041
Finance Lease, Liability, Payment, Due	53
Operating leases, less amount representing interest	(43)
Finance leases, less amount representing interest	(3)
Operating leases present value	998
Finance leases present value	$ 50	$ 75

8. LEASES (Details Narrative)

8. LEASES (Details Narrative)	9 Months Ended
	Sep. 30, 2021
Lessee, Lease, Description [Line Items]
Finance lease, description	Our finance leases contain options to purchase the leased property. The depreciable life of assets and leasehold improvements are limited by the expected lease term, unless we are reasonably certain to exercise the purchase option.
Office Lease [Member]
Lessee, Lease, Description [Line Items]
Operating Lease Description	In September 2021, we entered into an office lease with Redmond East Office Park LLC, a Washington limited liability company, pursuant to which we will lease approximately 16,681 square feet of space located in Redmond, Washington that we will use primarily for general office space and product testing. The lease provides for an initial term of 128 months commencing November 1, 2021. Pursuant to the lease, annual base rent will be approximately $500,000 for the first year and is subject to annual increases of 3.0%. In addition to base rent, we will pay additional rent comprised of our proportionate share of any operating expenses, real estate taxes, and management fees. We have the option to extend the term for one ten-year renewal period, provided that the rent would be subject to market adjustment at the beginning of the renewal term. The total minimum lease payments related to this forward-starting lease are $6.4 million.
Second Office Lease [Member]
Lessee, Lease, Description [Line Items]
Operating Lease Description	In September 2021, we entered into a second office lease with Redmond East Office Park LLC, pursuant to which we will lease approximately 36,062 square feet of space located in Redmond, Washington that we will use primarily for general office and lab space. The lease provides for an initial term of 120 months with a target commencement date of July 1, 2022. Pursuant to the lease, annual base rent will be approximately $1.1 million for the first year and is subject to annual increases of 3.0%. In addition to base rent, we will pay additional rent comprised of our proportionate share of any operating expenses, real estate taxes, and management fees. We have the option to extend the term for one ten-year renewal period, provided that the rent would be subject to market adjustment at the beginning of the renewal term. The total minimum lease payments related to this forward-starting lease are $13.0 million.
Current Office Lease [Member]
Lessee, Lease, Description [Line Items]
Operating Lease Description	In connection with the effectiveness of the second lease with Redmond East Office Park, we amended our current office lease to provide for early termination intended to coincide with our move into the new 36,062 square feet of space but, in any event, no later than October 31, 2022.

10. COMMON STOCK (Details Narra

10. COMMON STOCK (Details Narrative) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Class of Stock [Line Items]
Cash received from stock sale	$ (8)	$ 602	$ 129,028	$ 8,948
June 2021 [Member]
Class of Stock [Line Items]
Stock agreement terms and provisions			In June 2021, we entered into a $140.0 million ATM equity offering agreement with Craig-Hallum. Under the agreement we are able, at our discretion, to offer and sell shares of our common stock having an aggregate value of up to $140.0 million through Craig-Hallum. As of September 30, 2021, we had issued 4.0 million shares of our common stock for net proceeds of $67.8 million under this ATM agreement. There were no transactions under this agreement in the third quarter of 2021.
Number of shares of common stock issued			4
Cash received from stock sale			$ 67,800
February 2021 [Member]
Class of Stock [Line Items]
Stock agreement terms and provisions			In February 2021, we entered into a $50.0 million ATM equity offering agreement with Craig-Hallum. Under the agreement we were able, at our discretion, to offer and sell shares of our common stock having an aggregate value of up to $50.0 million through Craig-Hallum. We issued 2.5 million shares of our common stock for net proceeds of $48.8 million under this ATM agreement. No further shares are available for sales under this agreement.
Number of shares of common stock issued			2.5
Cash received from stock sale			$ 48,800
December 2020 [Member]
Class of Stock [Line Items]
Stock agreement terms and provisions			In December 2020, we entered into a $13.0 million ATM equity offering agreement with Craig-Hallum. Under the agreement we were able, from time to time, at our discretion to offer and sell shares of our common stock having an aggregate value of up to $13.0 million through Craig-Hallum. As of December 31, 2020, we had issued 1.0 million shares for net proceeds of $6.1 million that was received in January 2021. The $6.1 million was classified as subscriptions receivable on our December 31, 2020 balance sheet and is not included in the cash balance as of December 31, 2020. In January 2021, we issued 1.1 million shares of our common stock for net proceeds of $6.6 million under the agreement. In total, we issued 2.1 million shares of our common stock for net proceeds of $12.7 million under this ATM agreement. No further shares are available for sales under this agreement.
Number of shares of common stock issued			2.1
Cash received from stock sale			$ 12,700
November 2020 [Member]
Class of Stock [Line Items]
Stock agreement terms and provisions			In November 2020, we entered into a $10.0 million ATM equity offering agreement with Craig-Hallum Capital Group. Under the agreement we were able, from time to time, at our discretion to offer and sell shares of our common stock having an aggregate value of up to $10.0 million through Craig-Hallum. As of December 31, 2020, we had completed sales under such sales agreement, having sold 4.9 million shares for net proceeds of $9.6 million.
Number of shares of common stock issued					4.9
Cash received from stock sale					$ 9,600
December 2019 [Member]
Class of Stock [Line Items]
Stock agreement terms and provisions			In December 2019, we entered into a Common Stock Purchase Agreement with Lincoln Park granting us the right to sell shares of our common stock having an aggregate value of up to $16.0 million. Under the terms of the agreement, Lincoln Park made an initial purchase of 1.5 million shares of common stock for $1.0 million at a purchase price of $0.6531 per share. Subject to various limitations and conditions set forth in the agreement, we were able to sell up to an additional $15.0 million in shares of common stock, from time to time, at our sole discretion to Lincoln Park over a 24-month period beginning December 2019. In consideration for entering into the agreement, we issued 375,000 shares of our common stock, having a value of $277,000, based on the closing stock price at the date of grant, to Lincoln Park as a commitment fee. We incurred an additional $90,000 in issuance costs. As of December 31, 2020, we had completed sales under such sales agreement, having sold 22.2 million shares for net proceeds of $15.6 million.
Number of shares of common stock issued					22.2
Cash received from stock sale					$ 15,600

11. LONG-TERM DEBT (Details Nar

11. LONG-TERM DEBT (Details Narrative) - USD ($)	Sep. 30, 2021	Jul. 31, 2021	Apr. 30, 2020
Debt Disclosure [Abstract]
Debt instrument, face amount			$ 1,600,000
Debt Instrument, Interest Rate, Stated Percentage	98.00%
[custom:AmountOfPppLoanForgiven-0]		$ 690,000