MicroVision (MVIS) 10-Q28 Oct 222022 Q3 Quarterly reportFinancial data

Company Profile

Cover

Cover - shares	9 Months Ended
Cover - shares	Sep. 30, 2022	Oct. 24, 2022
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2022
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2022
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	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		166,035,291

Condensed Balance Sheets

Condensed Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 21,977	$ 82,647
Investment securities, available-for-sale	61,281	32,720
Inventory	1,762	1,780
Other current assets	2,832	2,283
Total current assets	87,852	119,430
Property and equipment, net	4,545	3,026
Operating lease right-of-use asset	14,486	5,577
Restricted cash	1,418	1,092
Intangible assets, net	85	115
Other assets	1,005	985
Total assets	109,391	130,225
Current liabilities
Accounts payable	1,519	3,584
Accrued liabilities	1,588	1,170
Contract liabilities	4,601	5,265
Other current liabilities	1,459	1,181
Current portion of long-term debt		392
Current portion of operating lease liability	769	849
Current portion of finance lease obligations	25	21
Total current liabilities	9,961	12,462
Operating lease liability, net of current portion	13,803	4,983
Finance lease obligations, net of current portion	2	26
Total liabilities	23,766	17,471
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; 165,885 and 164,363 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively	166	164
Additional paid-in capital	754,702	742,042
Accumulated other comprehensive loss	(194)	(19)
Accumulated deficit	(669,049)	(629,433)
Total shareholders' equity	85,625	112,754
Total liabilities and shareholders' equity	$ 109,391	$ 130,225

Condensed Balance Sheets (Paren

Condensed Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2022	Dec. 31, 2021
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	165,885	164,363
Common stock, shares outstanding	165,885	164,363

Condensed Statements of Operati

Condensed Statements of Operations (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share, Basic	$ (0.08)	$ (0.06)	$ (0.24)	$ (0.19)
Earnings Per Share, Diluted	$ (0.08)	$ (0.06)	$ (0.24)	$ (0.19)
Weighted Average Number of Shares Outstanding, Basic	165,687,000	163,985,000	165,167,000	159,452,000
Weighted Average Number of Shares Outstanding, Diluted	165,687,000	163,985,000	165,167,000	159,452,000
Product [Member]
Revenue from contract with customer
Cost of goods and services	45	(10)	67	(46)
License [Member]
Revenue from contract with customer		718	664	1,943
Technology Service [Member]
Revenue from contract with customer
Cost of goods and services

Condensed Statements of Opera_2

Condensed Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
Condensed Statements of Operations - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Total revenue		$ 718	$ 664	$ 1,943
Total cost of revenue	45	(10)	67	(46)
Gross profit	(45)	728	597	1,989
Research and development expense	7,535	5,791	22,828	17,629
Sales, marketing, general and administrative expense	5,522	5,006	17,664	15,608
Total operating expenses	13,057	10,797	40,492	33,237
Loss from operations	(13,102)	(10,069)	(39,895)	(31,248)
Gain on debt extinguishment		692		692
Other income (expense), net	251	(5)	279	(19)
Net loss	$ (12,851)	$ (9,382)	$ (39,616)	$ (30,575)

Condensed Statements of Compreh

Condensed Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net loss	$ (12,851)	$ (9,382)	$ (39,616)	$ (30,575)
Other comprehensive loss
Unrealized loss on investment securities, available-for-sale	(16)		(175)
Comprehensive loss	$ (12,867)	$ (9,382)	$ (39,791)	$ (30,575)

Statements of Shareholders' Equ

Statements of Shareholders' Equity - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Receivables from Stockholder [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Total
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
Share-based compensation expense	$ 2	12,343				12,345
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture	2,235
Exercise of options	$ 1	2,539				2,540
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period	1,389
Net loss					(30,575)	(30,575)
Sales of common stock	$ 8	122,885	6,135			129,028
Stock Issued During Period, Shares, New Issues	7,554
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
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
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture	95
Exercise of options		30				30
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period	49
Net loss					(9,382)	(9,382)
Sales of common stock		(8)				(8)
Stock Issued During Period, Shares, New Issues
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
Beginning balance, value at Dec. 31, 2021	$ 164	742,042		(19)	(629,433)	$ 112,754
Common Stock, Shares, Outstanding, Beginning Balance at Dec. 31, 2021	164,363					164,363
Share-based compensation expense	$ 1	11,934				$ 11,935
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture	997
Exercise of options	$ 1	726				727
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period	525
Net loss					(39,616)	(39,616)
Other comprehensive loss				(175)		(175)
Ending balance, value at Sep. 30, 2022	$ 166	754,702		(194)	(669,049)	$ 85,625
Common Stock, Shares, Outstanding, Ending Balance at Sep. 30, 2022	165,885					165,885
Beginning balance, value at Jun. 30, 2022	$ 165	750,311		(178)	(656,198)	$ 94,100
Common Stock, Shares, Outstanding, Beginning Balance at Jun. 30, 2022	165,438
Share-based compensation expense		4,081				4,081
Shares Issued, Shares, Share-Based Payment Arrangement, after Forfeiture	240
Exercise of options	$ 1	310				311
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Exercises in Period	207
Net loss					(12,851)	(12,851)
Other comprehensive loss				(16)		(16)
Ending balance, value at Sep. 30, 2022	$ 166	$ 754,702		$ (194)	$ (669,049)	$ 85,625
Common Stock, Shares, Outstanding, Ending Balance at Sep. 30, 2022	165,885					165,885

Condensed Statements of Cash Fl

Condensed Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
Condensed Statements of Cash Flows - USD ($) $ in Thousands	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities
Net loss	$ (39,616)	$ (30,575)
Adjustments to reconcile net loss to net cash used in operations:
Depreciation and amortization	1,425	1,040
Impairment of property and equipment	60	664
Share-based compensation expense	11,935	12,345
Non-cash interest expense		(10)
Inventory write-downs	60
Net accretion of premium on short-term investments	290
Gain on extinguishment of debt		(692)
Change in:
Inventory	(42)	(1,182)
Other current and non-current assets	(662)	(3,038)
Accounts payable	(2,160)	573
Accrued liabilities	418	390
Contract liabilities and other current liabilities	(386)	(59)
Operating lease liabilities	(938)	(506)
Other long-term liabilities		(195)
Net cash used in operating activities	(29,616)	(21,245)
Cash flows from investing activities
Sales of investment securities	34,700
Purchases of investment securities	(63,726)
Purchases of property and equipment	(2,017)	(2,034)
Net cash used in investing activities	(31,043)	(2,034)
Cash flows from financing activities
Principal payments under finance leases	(20)	(25)
Principal payments under long-term debt	(392)
Payments received on subscriptions receivable		6,135
Proceeds from stock option exercises	727	2,540
Net proceeds from issuance of common stock		122,902
Net cash provided by financing activities	315	131,552
Change in cash, cash equivalents, and restricted cash	(60,344)	108,273
Cash, cash equivalents, and restricted cash at beginning of period	83,739	17,297
Cash, cash equivalents, and restricted cash at end of period	23,395	125,570
Supplemental schedule of non-cash investing and financing activities
Non-cash additions to property and equipment	$ 645	$ 298

Reconciliation of Cash Suppleme

Reconciliation of Cash Supplement - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Cash and cash equivalents	$ 21,977	$ 82,647
Restricted cash	1,418	1,092
Cash, cash equivalents and restricted cash	$ 23,395	$ 83,739	$ 125,570	$ 17,297

1. MANAGEMENT'S STATEMENT

1. MANAGEMENT'S STATEMENT	9 Months Ended
1. MANAGEMENT'S STATEMENT	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
1. MANAGEMENT'S STATEMENT	1. MANAGEMENT'S STATEMENT Accounting Policy The Condensed Consolidated Balance Sheets as of September 30, 2022, the Condensed Consolidated Statements of Operations, Condensed Consolidated Statements of Comprehensive Loss and the Condensed Consolidated Statements of Shareholders’ Equity for the three and nine months ended September 30, 2022 and 2021, and the Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2022 and 2021, 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, 2022 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 consolidated 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, 2021. The results of operations for the three and nine months ended September 30, 2022 are not necessarily indicative of the operating results that may be attained for the entire fiscal year. We are developing lidar sensors and sensor fusion software to address the needs of the Level 2+, or L2+, and Level 3, or L3, Advanced Driver-Assistance Systems (ADAS) markets to be used in automotive safety and autonomous driving applications. Our lidar sensor uses our pioneering laser beam scanning (LBS) technology. Our solution-based development approach recognizes two key realities of the L2+ and L3 markets: that safety is mission critical and that OEMs require cost efficiency and adaptability. With these factors in mind, we believe that our best-in-class lidar sensor supports critical safety needs by providing the highest resolution at range and velocity of moving objects with a dynamic field of view while running at 30 hertz. Our LBS technology is based on our patented expertise in systems that include micro-electromechanical systems (MEMS), laser diodes, opto-mechanics, electronics, algorithms and software, and how those elements are packaged into a small form factor. Our lidar sensor also utilizes edge computing and machine intelligence as part of the solution. Though automotive lidar is our priority now, we have developed solutions for Augmented Reality, Interactive Displays, and Consumer Lidar in the recent past. Prior to our shift in focus to automotive lidar, our strategy had been to sell Augmented Reality (AR) displays or components, Interactive Displays, or Consumer Lidar to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) for incorporation into their products. For the two fiscal years ended December 31, 2021 and the nine months ended September 30, 2022, our sole customer has been Microsoft Corporation. Our arrangement with this customer generates royalty income; however, the volume of sales and resulting royalties from that arrangement are not significant. In the recent past, we shifted our strategic focus to increase the value of the Company by completing development of our 1st Generation long range lidar module to a level that would be ready to scale in the market for automotive applications. We believe the size of the ADAS market is significantly bigger than the AR market and related applications. We believe our technology and designs for automotive lidar can be successful in the market, and our solutions will have features and performance that exceed those of competitors and will provide a sustainable strategic advantage in the market. 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, 2022, we had total liquidity of $ 83.3 22.0 61.3 12

2. NET LOSS PER SHARE

2. NET LOSS PER SHARE	9 Months Ended
2. NET LOSS PER SHARE	Sep. 30, 2022
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, 2022 2021 2022 2021 Numerator: Net loss available for common shareholders - basic and diluted $ (12,851) $ (9,382) $ (39,616) $ (30,575) Denominator: Weighted-average common shares outstanding - basic and diluted 165,687 163,985 165,167 159,452 Net loss per share - basic and diluted $ (0.08) $ (0.06) $ (0.24) $ (0.19) For the three and nine months ended September 30, 2022 and 2021, 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 954,000 1,712,000 9,591,000 2,553,000

3. REVENUE RECOGNITION

3. REVENUE RECOGNITION	9 Months Ended
3. REVENUE RECOGNITION	Sep. 30, 2022
Revenue from Contract with Customer [Abstract]
3. REVENUE RECOGNITION	3. 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, 2022 License and Product royalty Contract revenue revenue revenue Total Timing of revenue recognition: Products transferred at a point in time $ - $ - $ - $ - Product and services transferred over time - - - - Total $ - $ - $ - $ - Nine Months Ended September 30, 2022 License and Product royalty Contract revenue revenue revenue Total Timing of revenue recognition: Products transferred at a point in time $ - $ 664 $ - $ 664 Product and services transferred over time - - - - Total $ - $ 664 $ - $ 664 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 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, 2022 2021 $ Change % Change Contract assets $ - $ - $ - - Contract liabilities (4,601) (5,265) 664 (12.6) Net contract assets (liabilities) $ (4,601) $ (5,265) $ 664 (12.6) 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 4.7 0 664,000 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 Transaction price allocated to the remaining performance obligations The $ 10.0 4.6

4. INVESTMENT SECURITIES, AVAIL

4. INVESTMENT SECURITIES, AVAILABLE-FOR-SALE AND FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2022
Investments, All Other Investments [Abstract]
4. INVESTMENT SECURITIES, AVAILABLE-FOR-SALE AND FAIR VALUE MEASUREMENTS	4. INVESTMENT SECURITIES, AVAILABLE-FOR-SALE AND FAIR VALUE MEASUREMENTS Our investment securities, available-for-sale are comprised of corporate and government debt securities. The principal markets for the debt securities are dealer markets which have a high level of price transparency. The market participants for debt securities are typically large money center banks and regional banks, brokers, dealers, pension funds, and other entities with debt investment portfolios. 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. The hierarchy is summarized below. Level 1 - Quoted prices in active markets for identical assets and liabilities at the measurement date that the reporting entity has the ability to access. Level 2 - Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3 - Unobservable inputs for which there is little or no market data, which requires us to develop our own assumptions, which are significant to the measurement of the fair values. The valuation inputs hierarchy classification for assets measured at fair value on a recurring basis are summarized below as of September 30, 2022 and December 31, 2021 (in thousands). These tables do not include cash held in our money market savings accounts. Schedule of Fair Value Hierarchy Assets and Liabilities As of September 30, 2022 Level 1 Level 2 Level 3 Total Assets Corporate debt securities $ - $ 23,651 $ - $ 23,651 U.S. Treasury securities - 37,630 - 37,630 $ - $ 61,281 $ - $ 61,281 As of December 31, 2021 Level 1 Level 2 Level 3 Total Assets Corporate debt securities $ - $ 32,720 $ - $ 32,720 $ - $ 32,720 $ - $ 32,720 Our short-term investments are summarized below as of September 30, 2022 and December 31, 2021 (in thousands). Schedule of Unrealized Gain or Loss on Short-term Investments Investment Cost/ Gross Gross Securities, Amortized Unrealized Unrealized Available- Cost Gains Losses For-Sale As of September 30, 2022 Assets Corporate debt securities $ 23,722 $ 2 $ (73) $ 23,651 U.S. Treasury securities 37,753 2 (125) 37,630 $ 61,475 $ 4 $ (198) $ 61,281 Investment Cost/ Gross Gross Securities, Amortized Unrealized Unrealized Available- Cost Gains Losses For-Sale As of December 31, 2021 Assets Corporate debt securities $ 32,739 $ 3 $ (22) $ 32,720 $ 32,739 $ 3 $ (22) $ 32,720 The maturities of the investment securities available-for-sale as of September 30, 2022 and December 31, 2021 are shown below (in thousands): +Maturity Date of Available-for-sale Securities Gross Gross As of September 30, 2022 Amortized Unrealized Unrealized Estimated Maturity date Cost Gains Losses Fair Value Less than one year $ 61,475 $ 4 $ (198) $ 61,281 $ 61,475 $ 61,281 Gross Gross As of December 31, 2021 Amortized Unrealized Unrealized Estimated Maturity date Cost Gains Losses Fair Value Less than one year $ 32,739 $ 3 $ (22) $ 32,720 $ 32,739 $ 32,720 The following table summarizes investments that have been in a continuous unrealized loss position for less than 12 months and those that have been in a continuous unrealized loss position for more than 12 months as of September 30, 2022 and December 31, 2021 (in thousands): Schedule of Unrealized Loss on Investment Securities Less than Twelve Months Twelve Months or Greater Total As of September 30, 2022 Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Corporate debt securities $ 16,249 $ (73) $ - $ - $ 16,249 $ (73) U.S. Treasury securities 31,684 (125) - - 31,684 (125) $ 47,933 $ (198) $ - $ - $ 47,933 $ (198) Less than Twelve Months Twelve Months or Greater Total As of December 31, 2021 Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Corporate debt securities $ 27,195 $ (22) $ - $ - $ 27,195 $ (22) $ 27,195 $ (22) $ - $ - $ 27,195 $ (22)

5. CONCENTRATION OF CREDIT RISK

5. CONCENTRATION OF CREDIT RISK AND MAJOR CUSTOMERS AND SUPPLIERS	9 Months Ended
	Sep. 30, 2022
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 investment securities. As of September 30, 2022, our cash and cash equivalents are comprised of operating checking accounts and short-term highly rated money market savings accounts. Our short-term investments are comprised of highly rated corporate bonds and U.S. Treasury securities. Concentration of major customers and suppliers For the three and nine months ended September 30, 2022, one customer, Microsoft Corporation, accounted for $ 0 664,000 100 718,000 1.9 100 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
6. INVENTORY	Sep. 30, 2022
Inventory Disclosure [Abstract]
6. INVENTORY	6. INVENTORY Inventory consists of the following: Components of Inventory September 30, December 31, (in thousands) 2022 2021 Raw materials $ 1,572 $ 1,780 Work in process 190 - $ 1,762 $ 1,780 Inventory 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
7. SHARE-BASED COMPENSATION	Sep. 30, 2022
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 Monte Carlo simulation 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) 2022 2021 2022 2021 Research and development expense $ 1,831 $ 1,371 $ 5,681 $ 4,758 Sales, marketing, general and administrative expense 2,250 1,439 6,254 7,587 $ 4,081 $ 2,810 $ 11,935 $ 12,345 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, 2022: Option Positions Weighted- Weighted- Average Average Remaining Aggregate Options Exercise Contractual Intrinsic Shares Price Term (years) Value Outstanding as of September 30, 2022 945,000 $ 1.26 5.9 $ 2,302,000 Exercisable as of September 30, 2022 941,000 $ 1.26 5.9 $ 2,288,000 As of September 30, 2022, our unrecognized share-based employee compensation related to stock options was $ 1,000 1.4 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, 2022: Restricted Stock Unit Activity Weighted-average Shares price Unvested as of December 31, 2021 2,625,000 $ 13.05 Granted 9,083,000 2.45 Vested (1,019,000) 10.59 Forfeited (1,098,000) 7.34 Unvested as of September 30, 2022 9,591,000 $ 3.93 In June 2022, we issued 6.0 During the nine months ended September 30, 2022, we issued 2.4 During the nine months ended September 30, 2022, we issued 511,000 As of September 30, 2022, our unrecognized share-based compensation related to RSUs was $ 15.9 1.8 8.5 2.9 4.0 1.2

8. LEASES

8. LEASES	9 Months Ended
8. LEASES	Sep. 30, 2022
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 less than one year to ten 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 lease approximately 16,681 square feet of space located in Redmond, Washington that we use primarily for general office space, lab space and product testing. The lease provides for an initial term of 128 months that commenced 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 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 lease is $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 space. The lease provides for an initial term of 120 months and is expected to commence on December 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. The delivery date of the new space was September 1, 2022 to allow for the build out of tenant improvements before the commencement date. During the quarter ended September 30, 2022, we recorded a right-of-use asset in the amount of $ 9.3 In connection with the effectiveness of the second lease with Redmond East Office Park, we amended our current office lease and will have access until January 31, 2023 to coincide with our move into the new 36,062 square feet of space. In April 2022, we entered into an office lease with Universal-Investment-Gesellschaft mbH, a German investment company, pursuant to which we lease approximately 3,533 square feet of space located in Nuremberg, Germany that we use primarily for general office space for business development activities. The lease provides for a term of 60 months that commenced May 1, 2022. Pursuant to the lease, annual base rent is approximately $76,000 per year. The total minimum lease payments related to this lease is approximately $ 380,000 The components of lease expense were as follows: Components of Lease Expense Three Months Ended Nine Months Ended September 30, September 30, (in thousands) 2022 2021 2022 2021 Operating lease expense $ 365 $ 116 $ 865 $ 348 Finance lease expense: Amortization of leased assets 6 7 19 24 Interest on lease liabilities 1 - 2 2 Total finance lease expense 7 7 21 26 Total lease expense $ 372 $ 123 $ 886 $ 374 Supplemental cash flow information related to leases was as follows: Cash Flow Information Related to Leases Nine Months Ended September 30, (in thousands) 2022 2021 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 938 $ 506 Operating cash flows from finance leases 2 2 Financing cash flows from finance leases 20 25 Supplemental balance sheet information related to leases was as follows: Supplemental Balance Sheet Information Related to Leases September 30, December 31, (in thousands) 2022 2021 Operating leases Operating lease right-of-use assets $ 14,486 $ 5,577 Current portion of operating lease liability 769 849 Operating lease liability, net of current portion 13,803 4,983 Total operating lease liabilities $ 14,572 $ 5,832 Finance leases Property and equipment, at cost $ 112 $ 112 Accumulated depreciation (75) (56) Property and equipment, net $ 37 $ 56 Current portion of finance lease obligations $ 25 $ 21 Finance lease obligations, net of current portion 2 26 Total finance lease liabilities $ 27 $ 47 Weighted Average Remaining Lease Term Operating leases 9.9 9.5 Finance leases 0.7 1.2 Weighted Average Discount Rate Operating leases 4.6% 2.5% Finance leases 6.3% 6.3% As of September 30, 2022, maturities of lease liabilities were as follows: Maturities of Lease Liabilities (in thousands) Operating Finance Years Ended December 31, leases leases 2022 $ 303 $ 7 2023 1,753 21 2024 1,804 - 2025 1,855 - Thereafter 12,733 - Total minimum lease payments 18,448 28 Less: amount representing interest (3,876) (1) Present value of capital lease liabilities $ 14,572 $ 27

9. COMMITMENTS AND CONTINGENCIE

9. COMMITMENTS AND CONTINGENCIES	9 Months Ended
9. COMMITMENTS AND CONTINGENCIES	Sep. 30, 2022
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
10. COMMON STOCK	Sep. 30, 2022
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, 2022, 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 was 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 have issued 2.1 12.7

1. MANAGEMENT'S STATEMENT (Poli

1. MANAGEMENT'S STATEMENT (Policies)	9 Months Ended
1. MANAGEMENT'S STATEMENT (Policies)	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounting Policy	Accounting Policy The Condensed Consolidated Balance Sheets as of September 30, 2022, the Condensed Consolidated Statements of Operations, Condensed Consolidated Statements of Comprehensive Loss and the Condensed Consolidated Statements of Shareholders’ Equity for the three and nine months ended September 30, 2022 and 2021, and the Condensed Consolidated Statements of Cash Flows for the nine months ended September 30, 2022 and 2021, 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, 2022 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 consolidated 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, 2021. The results of operations for the three and nine months ended September 30, 2022 are not necessarily indicative of the operating results that may be attained for the entire fiscal year. We are developing lidar sensors and sensor fusion software to address the needs of the Level 2+, or L2+, and Level 3, or L3, Advanced Driver-Assistance Systems (ADAS) markets to be used in automotive safety and autonomous driving applications. Our lidar sensor uses our pioneering laser beam scanning (LBS) technology. Our solution-based development approach recognizes two key realities of the L2+ and L3 markets: that safety is mission critical and that OEMs require cost efficiency and adaptability. With these factors in mind, we believe that our best-in-class lidar sensor supports critical safety needs by providing the highest resolution at range and velocity of moving objects with a dynamic field of view while running at 30 hertz. Our LBS technology is based on our patented expertise in systems that include micro-electromechanical systems (MEMS), laser diodes, opto-mechanics, electronics, algorithms and software, and how those elements are packaged into a small form factor. Our lidar sensor also utilizes edge computing and machine intelligence as part of the solution. Though automotive lidar is our priority now, we have developed solutions for Augmented Reality, Interactive Displays, and Consumer Lidar in the recent past. Prior to our shift in focus to automotive lidar, our strategy had been to sell Augmented Reality (AR) displays or components, Interactive Displays, or Consumer Lidar to original equipment manufacturers (OEMs) and original design manufacturers (ODMs) for incorporation into their products. For the two fiscal years ended December 31, 2021 and the nine months ended September 30, 2022, our sole customer has been Microsoft Corporation. Our arrangement with this customer generates royalty income; however, the volume of sales and resulting royalties from that arrangement are not significant. In the recent past, we shifted our strategic focus to increase the value of the Company by completing development of our 1st Generation long range lidar module to a level that would be ready to scale in the market for automotive applications. We believe the size of the ADAS market is significantly bigger than the AR market and related applications. We believe our technology and designs for automotive lidar can be successful in the market, and our solutions will have features and performance that exceed those of competitors and will provide a sustainable strategic advantage in the market. 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, 2022, we had total liquidity of $ 83.3 22.0 61.3 12

2. NET LOSS PER SHARE (Policies

2. NET LOSS PER SHARE (Policies)	9 Months Ended
2. NET LOSS PER SHARE (Policies)	Sep. 30, 2022
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.

3. REVENUE RECOGNITION (Policie

3. REVENUE RECOGNITION (Policies)	9 Months Ended
3. REVENUE RECOGNITION (Policies)	Sep. 30, 2022
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
6. INVENTORY (Policies)	Sep. 30, 2022
Inventory Disclosure [Abstract]
Inventory	Inventory 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
7. SHARE-BASED COMPENSATION (Policies)	Sep. 30, 2022
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 Monte Carlo simulation 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
8. LEASES (Policies)	Sep. 30, 2022
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 less than one year to ten 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
2. NET LOSS PER SHARE (Tables)	Sep. 30, 2022
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, 2022 2021 2022 2021 Numerator: Net loss available for common shareholders - basic and diluted $ (12,851) $ (9,382) $ (39,616) $ (30,575) Denominator: Weighted-average common shares outstanding - basic and diluted 165,687 163,985 165,167 159,452 Net loss per share - basic and diluted $ (0.08) $ (0.06) $ (0.24) $ (0.19)

3. REVENUE RECOGNITION (Tables)

3. REVENUE RECOGNITION (Tables)	9 Months Ended
3. REVENUE RECOGNITION (Tables)	Sep. 30, 2022
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, 2022 License and Product royalty Contract revenue revenue revenue Total Timing of revenue recognition: Products transferred at a point in time $ - $ - $ - $ - Product and services transferred over time - - - - Total $ - $ - $ - $ - Nine Months Ended September 30, 2022 License and Product royalty Contract revenue revenue revenue Total Timing of revenue recognition: Products transferred at a point in time $ - $ 664 $ - $ 664 Product and services transferred over time - - - - Total $ - $ 664 $ - $ 664 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
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, 2022 2021 $ Change % Change Contract assets $ - $ - $ - - Contract liabilities (4,601) (5,265) 664 (12.6) Net contract assets (liabilities) $ (4,601) $ (5,265) $ 664 (12.6) 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 4.7 0 664,000

4. INVESTMENT SECURITIES, AVA_2

4. INVESTMENT SECURITIES, AVAILABLE-FOR-SALE AND FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2022
Investments, All Other Investments [Abstract]
Schedule of Fair Value Hierarchy Assets and Liabilities	The valuation inputs hierarchy classification for assets measured at fair value on a recurring basis are summarized below as of September 30, 2022 and December 31, 2021 (in thousands). These tables do not include cash held in our money market savings accounts. Schedule of Fair Value Hierarchy Assets and Liabilities As of September 30, 2022 Level 1 Level 2 Level 3 Total Assets Corporate debt securities $ - $ 23,651 $ - $ 23,651 U.S. Treasury securities - 37,630 - 37,630 $ - $ 61,281 $ - $ 61,281 As of December 31, 2021 Level 1 Level 2 Level 3 Total Assets Corporate debt securities $ - $ 32,720 $ - $ 32,720 $ - $ 32,720 $ - $ 32,720
Schedule of Unrealized Gain or Loss on Short-term Investments	Our short-term investments are summarized below as of September 30, 2022 and December 31, 2021 (in thousands). Schedule of Unrealized Gain or Loss on Short-term Investments Investment Cost/ Gross Gross Securities, Amortized Unrealized Unrealized Available- Cost Gains Losses For-Sale As of September 30, 2022 Assets Corporate debt securities $ 23,722 $ 2 $ (73) $ 23,651 U.S. Treasury securities 37,753 2 (125) 37,630 $ 61,475 $ 4 $ (198) $ 61,281 Investment Cost/ Gross Gross Securities, Amortized Unrealized Unrealized Available- Cost Gains Losses For-Sale As of December 31, 2021 Assets Corporate debt securities $ 32,739 $ 3 $ (22) $ 32,720 $ 32,739 $ 3 $ (22) $ 32,720
+Maturity Date of Available-for-sale Securities	The maturities of the investment securities available-for-sale as of September 30, 2022 and December 31, 2021 are shown below (in thousands): +Maturity Date of Available-for-sale Securities Gross Gross As of September 30, 2022 Amortized Unrealized Unrealized Estimated Maturity date Cost Gains Losses Fair Value Less than one year $ 61,475 $ 4 $ (198) $ 61,281 $ 61,475 $ 61,281 Gross Gross As of December 31, 2021 Amortized Unrealized Unrealized Estimated Maturity date Cost Gains Losses Fair Value Less than one year $ 32,739 $ 3 $ (22) $ 32,720 $ 32,739 $ 32,720
Schedule of Unrealized Loss on Investment Securities	The following table summarizes investments that have been in a continuous unrealized loss position for less than 12 months and those that have been in a continuous unrealized loss position for more than 12 months as of September 30, 2022 and December 31, 2021 (in thousands): Schedule of Unrealized Loss on Investment Securities Less than Twelve Months Twelve Months or Greater Total As of September 30, 2022 Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Corporate debt securities $ 16,249 $ (73) $ - $ - $ 16,249 $ (73) U.S. Treasury securities 31,684 (125) - - 31,684 (125) $ 47,933 $ (198) $ - $ - $ 47,933 $ (198) Less than Twelve Months Twelve Months or Greater Total As of December 31, 2021 Gross Gross Gross Fair Unrealized Fair Unrealized Fair Unrealized Value Losses Value Losses Value Losses Corporate debt securities $ 27,195 $ (22) $ - $ - $ 27,195 $ (22) $ 27,195 $ (22) $ - $ - $ 27,195 $ (22)

6. INVENTORY (Tables)

6. INVENTORY (Tables)	9 Months Ended
6. INVENTORY (Tables)	Sep. 30, 2022
Inventory Disclosure [Abstract]
Components of Inventory	Inventory consists of the following: Components of Inventory September 30, December 31, (in thousands) 2022 2021 Raw materials $ 1,572 $ 1,780 Work in process 190 - $ 1,762 $ 1,780

7. SHARE-BASED COMPENSATION (Ta

7. SHARE-BASED COMPENSATION (Tables)	9 Months Ended
7. SHARE-BASED COMPENSATION (Tables)	Sep. 30, 2022
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) 2022 2021 2022 2021 Research and development expense $ 1,831 $ 1,371 $ 5,681 $ 4,758 Sales, marketing, general and administrative expense 2,250 1,439 6,254 7,587 $ 4,081 $ 2,810 $ 11,935 $ 12,345
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, 2022: Option Positions Weighted- Weighted- Average Average Remaining Aggregate Options Exercise Contractual Intrinsic Shares Price Term (years) Value Outstanding as of September 30, 2022 945,000 $ 1.26 5.9 $ 2,302,000 Exercisable as of September 30, 2022 941,000 $ 1.26 5.9 $ 2,288,000
Restricted Stock Unit Activity	The following table summarizes activity and positions with respect to RSUs and PSUs for the nine months ended September 30, 2022: Restricted Stock Unit Activity Weighted-average Shares price Unvested as of December 31, 2021 2,625,000 $ 13.05 Granted 9,083,000 2.45 Vested (1,019,000) 10.59 Forfeited (1,098,000) 7.34 Unvested as of September 30, 2022 9,591,000 $ 3.93

8. LEASES (Tables)

8. LEASES (Tables)	9 Months Ended
8. LEASES (Tables)	Sep. 30, 2022
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) 2022 2021 2022 2021 Operating lease expense $ 365 $ 116 $ 865 $ 348 Finance lease expense: Amortization of leased assets 6 7 19 24 Interest on lease liabilities 1 - 2 2 Total finance lease expense 7 7 21 26 Total lease expense $ 372 $ 123 $ 886 $ 374
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) 2022 2021 Cash paid for amounts included in measurement of lease liabilities: Operating cash flows from operating leases $ 938 $ 506 Operating cash flows from finance leases 2 2 Financing cash flows from finance leases 20 25
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) 2022 2021 Operating leases Operating lease right-of-use assets $ 14,486 $ 5,577 Current portion of operating lease liability 769 849 Operating lease liability, net of current portion 13,803 4,983 Total operating lease liabilities $ 14,572 $ 5,832 Finance leases Property and equipment, at cost $ 112 $ 112 Accumulated depreciation (75) (56) Property and equipment, net $ 37 $ 56 Current portion of finance lease obligations $ 25 $ 21 Finance lease obligations, net of current portion 2 26 Total finance lease liabilities $ 27 $ 47 Weighted Average Remaining Lease Term Operating leases 9.9 9.5 Finance leases 0.7 1.2 Weighted Average Discount Rate Operating leases 4.6% 2.5% Finance leases 6.3% 6.3%
Maturities of Lease Liabilities	As of September 30, 2022, maturities of lease liabilities were as follows: Maturities of Lease Liabilities (in thousands) Operating Finance Years Ended December 31, leases leases 2022 $ 303 $ 7 2023 1,753 21 2024 1,804 - 2025 1,855 - Thereafter 12,733 - Total minimum lease payments 18,448 28 Less: amount representing interest (3,876) (1) Present value of capital lease liabilities $ 14,572 $ 27

1. MANAGEMENT'S STATEMENT (Deta

1. MANAGEMENT'S STATEMENT (Details Narrative) $ in Thousands	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Total liquidity	$ 83,300
Cash and Cash Equivalents, at Carrying Value	21,977	$ 82,647
Available-for-Sale Securities	$ 61,281	$ 32,720
Number of months cash and cash equivalents on hand to fund operations	12

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, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Numerator:
Net loss available for common shareholders - basic and diluted	$ (12,851)	$ (9,382)	$ (39,616)	$ (30,575)
Weighted-average common shares outstanding - basic	165,687,000	163,985,000	165,167,000	159,452,000
Weighted-average common shares outstanding - diluted	165,687,000	163,985,000	165,167,000	159,452,000
Net loss per share - basic	$ (0.08)	$ (0.06)	$ (0.24)	$ (0.19)
Net loss per share - diluted	$ (0.08)	$ (0.06)	$ (0.24)	$ (0.19)

2. NET LOSS PER SHARE (Details

2. NET LOSS PER SHARE (Details Narrative) - shares	9 Months Ended
2. NET LOSS PER SHARE (Details Narrative) - shares	Sep. 30, 2022	Sep. 30, 2021
Share-Based Payment Arrangement [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	954,000	1,712,000
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive shares	9,591,000	2,553,000

Disaggregation of Revenue (Deta

Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Timing of revenue recognition:			Timing of revenue recognition:	Timing of revenue recognition:
Disaggregated revenue		$ 718	$ 664	$ 1,943
Product Revenue [Member]
Disaggregation of Revenue [Line Items]
Disaggregated revenue
License And Royalty Revenue [Member]
Disaggregation of Revenue [Line Items]
Disaggregated revenue		718	664	1,943
Contract Revenue [Member]
Disaggregation of Revenue [Line Items]
Disaggregated revenue
Transferred at Point in Time [Member]
Disaggregation of Revenue [Line Items]
Disaggregated revenue		718	664	1,943
Transferred at Point in Time [Member] \| Product Revenue [Member]
Disaggregation of Revenue [Line Items]
Disaggregated revenue
Transferred at Point in Time [Member] \| License And Royalty Revenue [Member]
Disaggregation of Revenue [Line Items]
Disaggregated revenue		718	664	1,943
Transferred at Point in Time [Member] \| Contract Revenue [Member]
Disaggregation of Revenue [Line Items]
Disaggregated revenue
Transferred over Time [Member]
Disaggregation of Revenue [Line Items]
Disaggregated revenue
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

Significant Changes in Contract

Significant Changes in Contract Assets and Contract Liabilities (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Revenue from Contract with Customer [Abstract]
Contract assets
Change in Contract Asset
Percent Change in Contract Asset
Contract liabilities	$ (4,601)	(5,265)
Change in Contract Liability	$ 664
Percent Change in Contract Liability	(1,260)
Net contract assets (liabilities)	$ (4,601)	$ (5,265)
Change in Net Contract Assets (Liabilities)	$ 664
Percent Change in Net Contract Assets (Liabilities)	(1,260)

3. REVENUE RECOGNITION (Details

3. REVENUE RECOGNITION (Details Narrative) - USD ($)	3 Months Ended	9 Months Ended	44 Months Ended
3. REVENUE RECOGNITION (Details Narrative) - USD ($)	Sep. 30, 2022	Sep. 30, 2022	Dec. 31, 2020	Dec. 31, 2021	Apr. 30, 2017
Disaggregation of Revenue [Line Items]
Accrued Commissions	$ 0	$ 0
Contract with Customer, Liability	4,601,000	4,601,000		$ 5,265,000
License [Member]
Disaggregation of Revenue [Line Items]
Upfront payment					$ 10,000,000
Appled against contract liability	$ 0	$ 664,000	$ 4,700,000

Schedule of Fair Value Hierarch

Schedule of Fair Value Hierarchy Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets [Abstract]
Debt Securities, Available-for-Sale, Current	$ 61,281	$ 32,720
Fair Value, Recurring [Member]
Assets [Abstract]
Debt Securities, Current	61,281	32,720
Fair Value, Recurring [Member] \| Corporate Debt Securities [Member]
Assets [Abstract]
Debt Securities, Available-for-Sale, Current	23,651	32,720
Fair Value, Recurring [Member] \| US Treasury Securities [Member]
Assets [Abstract]
Debt Securities, Available-for-Sale, Current	37,630
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Recurring [Member]
Assets [Abstract]
Debt Securities, Current
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Recurring [Member] \| Corporate Debt Securities [Member]
Assets [Abstract]
Debt Securities, Available-for-Sale, Current
Fair Value, Inputs, Level 1 [Member] \| Fair Value, Recurring [Member] \| US Treasury Securities [Member]
Assets [Abstract]
Debt Securities, Available-for-Sale, Current
Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring [Member]
Assets [Abstract]
Debt Securities, Current	61,281	32,720
Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring [Member] \| Corporate Debt Securities [Member]
Assets [Abstract]
Debt Securities, Available-for-Sale, Current	23,651	32,720
Fair Value, Inputs, Level 2 [Member] \| Fair Value, Recurring [Member] \| US Treasury Securities [Member]
Assets [Abstract]
Debt Securities, Available-for-Sale, Current	37,630
Fair Value, Inputs, Level 3 [Member] \| Fair Value, Recurring [Member]
Assets [Abstract]
Debt Securities, Current
Fair Value, Inputs, Level 3 [Member] \| Fair Value, Recurring [Member] \| Corporate Debt Securities [Member]
Assets [Abstract]
Debt Securities, Available-for-Sale, Current
Fair Value, Inputs, Level 3 [Member] \| Fair Value, Recurring [Member] \| US Treasury Securities [Member]
Assets [Abstract]
Debt Securities, Available-for-Sale, Current

Schedule of Unrealized Gain or

Schedule of Unrealized Gain or Loss on Short-term Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Assets [Abstract]
Debt Securities, Available-for-Sale, Amortized Cost, Current	$ 61,475	$ 32,739
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	4	3
Available-for-Sale Securities, Accumulated Gross Unrealized Loss, before Tax	(198)	(22)
Debt Securities, Available-for-Sale, Current	61,281	32,720
Corporate Debt Securities [Member]
Assets [Abstract]
Debt Securities, Available-for-Sale, Amortized Cost, Current	23,722	32,739
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	2	3
Available-for-Sale Securities, Accumulated Gross Unrealized Loss, before Tax	(73)	(22)
Debt Securities, Available-for-Sale, Current	23,651	$ 32,720
US Treasury Securities [Member]
Assets [Abstract]
Debt Securities, Available-for-Sale, Amortized Cost, Current	37,753
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	2
Available-for-Sale Securities, Accumulated Gross Unrealized Loss, before Tax	(125)
Debt Securities, Available-for-Sale, Current	$ 37,630

+Maturity Date of Available-for

+Maturity Date of Available-for-sale Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	$ 4	$ 3
Available-for-Sale Securities, Accumulated Gross Unrealized Loss, before Tax	(198)	(22)
Debt Securities, Available-for-Sale, Amortized Cost, Current	61,475	32,739
Debt Securities, Available-for-Sale, Current	61,281	32,720
Corporate Debt And U S Treasury Securities [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Amortized Cost	61,475
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	4
Available-for-Sale Securities, Accumulated Gross Unrealized Loss, before Tax	(198)
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value	61,281
Corporate Debt Securities [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Amortized Cost		32,739
Debt Securities, Available-for-Sale, Accumulated Gross Unrealized Gain, before Tax	2	3
Available-for-Sale Securities, Accumulated Gross Unrealized Loss, before Tax	(73)	(22)
Debt Securities, Available-for-Sale, Maturity, Allocated and Single Maturity Date, Rolling within One Year, Fair Value		32,720
Debt Securities, Available-for-Sale, Amortized Cost, Current	23,722	32,739
Debt Securities, Available-for-Sale, Current	$ 23,651	$ 32,720

Schedule of Unrealized Loss on

Schedule of Unrealized Loss on Investment Securities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Net Investment Income [Line Items]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	$ 47,933	$ 27,195
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(198)	(22)
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss
Available-for-Sale Securities, Continuous Unrealized Loss Position, Fair Value	47,933	27,195
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss	(198)	(22)
Corporate Debt Securities [Member]
Net Investment Income [Line Items]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	16,249	27,195
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(73)	(22)
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss
Available-for-Sale Securities, Continuous Unrealized Loss Position, Fair Value	16,249	27,195
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss	(73)	$ (22)
US Treasury Securities [Member]
Net Investment Income [Line Items]
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months	31,684
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, Less than 12 Months, Accumulated Loss	(125)
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer
Debt Securities, Available-for-Sale, Continuous Unrealized Loss Position, 12 Months or Longer, Accumulated Loss
Available-for-Sale Securities, Continuous Unrealized Loss Position, Fair Value	31,684
Debt Securities, Available-for-Sale, Unrealized Loss Position, Accumulated Loss	$ (125)

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, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Concentration Risk [Line Items]
Revenues		$ 718,000	$ 664,000	$ 1,943,000
Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Revenues	$ 0	$ 718,000	$ 664,000	$ 1,900,000
Concentration Risk, Percentage			10,000%	10,000%

Components of Inventory (Detail

Components of Inventory (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Inventory Disclosure [Abstract]
Raw materials	$ 1,572	$ 1,780
Work in process	190
	$ 1,762	$ 1,780

Share-based Compensation Expens

Share-based Compensation Expense by Line Item (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-Based Payment Arrangement, Expense	$ 4,081	$ 2,810	$ 11,935	$ 12,345
Research and Development Expense [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-Based Payment Arrangement, Expense	1,831	1,371	5,681	4,758
Sales Marketing General And Administrative Expense [Member]
Share-Based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-Based Payment Arrangement, Expense	$ 2,250	$ 1,439	$ 6,254	$ 7,587

Option Positions (Details)

Option Positions (Details)	9 Months Ended
Option Positions (Details)	Sep. 30, 2022 USD ($) $ / shares shares
Share-Based Payment Arrangement [Abstract]
Outstanding shares \| shares	945,000
Weighted-average exercise price of options outstanding \| $ / shares	$ 1.26
Weighted-average remaining contractual term (in years) of options outstanding	5 years 10 months 24 days
Aggregate intrinsic value of options outstanding \| $	$ 2,302,000
Exercisable shares \| shares	941,000
Weighted-average exercise price of options exercisable \| $ / shares	$ 1.26
Weighted-average remaining contractual term (in years) of options exercisable	5 years 10 months 24 days
Aggregate intrinsic value of options exercisable \| $	$ 2,288,000

Restricted Stock Unit Activity

Restricted Stock Unit Activity (Details)	9 Months Ended
Restricted Stock Unit Activity (Details)	Sep. 30, 2022 $ / shares shares
Share-Based Payment Arrangement [Abstract]
Unvested, number of shares (in shares) \| shares	2,625,000
Unvested, weighted average award price (in dollars per share) \| $ / shares	$ 13.05
Granted, number of shares (in shares) \| shares	9,083,000
Granted, weighted average award price (in dollars per share) \| $ / shares	$ 2.45
Vested, number of shares (in shares) \| shares	(1,019,000)
Vested, weighted average award price (in dollars per share) \| $ / shares	$ 10.59
Forfeited, number of shares (in shares) \| shares	(1,098,000)
Forfeited, weighted average award price (in dollars per share) \| $ / shares	$ 7.34
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Ending Balance \| shares	9,591,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance \| $ / shares	$ 3.93

7. SHARE-BASED COMPENSATION (De

7. SHARE-BASED COMPENSATION (Details Narrative) - USD ($)	1 Months Ended	9 Months Ended
7. SHARE-BASED COMPENSATION (Details Narrative) - USD ($)	Jun. 30, 2022	Sep. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period		9,083,000
Share-Based Payment Arrangement, Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized share-based employee compensation		$ 1,000
Amortization period		1 year 4 months 24 days
Performance Shares [Member] \| Share Based Payment Arrangement Executive [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Amortization period		2 years 10 months 24 days
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount		$ 8,500,000
Performance Shares [Member] \| Share Based Payment Arrangement Non Executive [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Amortization period		1 year 2 months 12 days
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount		$ 4,000,000
Performance Shares [Member] \| P S Uto Executives [Member] \| Share Based Payment Arrangement Executive [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Terms of Award	In June 2022, we issued 6.0 million PSUs to our executive officers. The PSUs are subject to the achievement of performance goals and time-based vesting. The PSUs will become eligible to vest if the closing price of our common stock reaches or exceeds specified price thresholds for at least 20 consecutive trading days during the performance period through December 31, 2025. If the performance goals are met, the portion of the PSUs deemed earned will become subject to time-based vesting in equal quarterly installments over two years starting from the date on which the goal is achieved. These PSUs were valued using a Monte Carlo simulation model using the following inputs: stock price, volatility, and risk-free interest rates.
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period	6,000,000
Performance Shares [Member] \| P S Uto Non Executive [Member] \| Share Based Payment Arrangement Non Executive [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Terms of Award		During the nine months ended September 30, 2022, we issued 2.4 million PSUs to non-executive employees subject to the achievement of development goals. These shares were valued based on the closing price of our common stock on the dates of grant. These shares vest quarterly over two years from the achievement of established performance criteria.
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period		2,400,000
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Amortization period		1 year 9 months 18 days
Share-Based Payment Arrangement, Nonvested Award, Excluding Option, Cost Not yet Recognized, Amount		$ 15,900,000
Restricted Stock Units (RSUs) [Member] \| R S Uto Retentionand New Hire Non Executive [Member] \| Share Based Payment Arrangement Non Executive [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share-Based Compensation Arrangement by Share-Based Payment Award, Terms of Award		During the nine months ended September 30, 2022, we issued 511,000 time-based RSUs to non-executive employees for promotion, retention, and new hire grants. These shares were valued based on the closing price of our common stock on the dates of grant. These shares vest over three or four years from the date of grant.
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period		511,000

Components of Lease Expense (De

Components of Lease Expense (Details) - USD ($)	3 Months Ended		9 Months Ended
Components of Lease Expense (Details) - USD ($)	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Operating lease expense	$ 365	$ 116	$ 865	$ 348
Finance lease expense:
Amortization of leased assets	6	7	19	24
Interest on lease liabilities	1		2	2
Total finance lease expense	7	7	21	26
Total lease expense	$ 372	$ 123	$ 886	$ 374

Cash Flow Information Related t

Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash paid for amounts included in measurement of lease liabilities:
Operating cash flows from operating leases	$ 938	$ 506
Operating cash flows from finance leases	2	2
Financing cash flows from finance leases	$ 20	$ 25

Supplemental Balance Sheet Info

Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Operating leases
Operating lease right-of-use assets	$ 14,486	$ 5,577
Operating lease liability, net of current	14,572
Finance leases
Property and equipment, net	4,545	3,026
Total finance lease liabilities	$ 27	$ 47
Weighted Average Remaining Lease Term
Operating Lease, Weighted Average Remaining Lease Term	9 years 10 months 24 days	9 years 6 months
Finance Lease, Weighted Average Remaining Lease Term	8 months 12 days	1 year 2 months 12 days
Weighted Average Discount Rate
Operating leases	4.60%	2.50%
Finance leases	6.30%	6.30%
Financial Lease [Member]
Finance leases
Property and equipment, at cost	$ 112	$ 112
Accumulated depreciation	(75)	(56)
Property and equipment, net	37	56
Other Current Liabilities [Member]
Operating leases
Operating lease liability, net of current	769	849
Finance leases
Total finance lease liabilities	25	21
Other Noncurrent Liabilities [Member]
Operating leases
Operating lease liability, net of current	13,803	4,983
Finance leases
Total finance lease liabilities	2	26
Other Liabilities [Member]
Operating leases
Operating lease liability, net of current	$ 14,572	$ 5,832

Maturities of Lease Liabilities

Maturities of Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Leases [Abstract]
Operating leases, 2021	$ 303
Finance leases, 2021	7
Operating leases, 2022	1,753
Finance leases, 2022	21
Operating leases 2023	1,804
Finance leases, 2023
Operating leases, 2024	1,855
Finance leases, 2024
Operating leases, thereafter	12,733
Finance leases, thereafter
Operating leases, total mimimum lease payments	18,448
Finance Lease, Liability, to be Paid	28
Operating leases, less amount representing interest	(3,876)
Finance leases, less amount representing interest	(1)
Operating leases present value	14,572
Finance leases present value	$ 27	$ 47

8. LEASES (Details Narrative)

8. LEASES (Details Narrative)	3 Months Ended	9 Months Ended
8. LEASES (Details Narrative)	Sep. 30, 2022 USD ($)	Sep. 30, 2022 USD ($)
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.
Operating Lease, Increase in Right-of-Use Asset	$ 9,300,000
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 lease approximately 16,681 square feet of space located in Redmond, Washington that we use primarily for general office space, lab space and product testing. The lease provides for an initial term of 128 months that commenced 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 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 lease is $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 space. The lease provides for an initial term of 120 months and is expected to commence on December 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. The delivery date of the new space was September 1, 2022 to allow for the build out of tenant improvements before the commencement date. During the quarter ended September 30, 2022, we recorded a right-of-use asset in the amount of $9.3 million on our balance sheet.
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 and will have access until January 31, 2023 to coincide with our move into the new 36,062 square feet of space.
Nuremberg Office Lease [Member]
Lessee, Lease, Description [Line Items]
Operating Lease Description		In April 2022, we entered into an office lease with Universal-Investment-Gesellschaft mbH, a German investment company, pursuant to which we lease approximately 3,533 square feet of space located in Nuremberg, Germany that we use primarily for general office space for business development activities. The lease provides for a term of 60 months that commenced May 1, 2022. Pursuant to the lease, annual base rent is approximately $76,000 per year. The total minimum lease payments related to this lease is approximately $380,000.
Operating Leases, Future Minimum Payments Due	$ 380,000	$ 380,000

10. COMMON STOCK (Details Narra

10. COMMON STOCK (Details Narrative) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Class of Stock [Line Items]
Cash received from stock sale	$ (8)		$ 129,028
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, 2022, we had issued 4.0 million shares of our common stock for net proceeds of $67.8 million under this ATM agreement. There have been no transactions under this agreement since June 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 was 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 have 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