2024 Q1 Form 10-K Financial Statement

#000149315224010314 Filed on March 18, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.944M $4.958M $4.958M
YoY Change -42.83% -64.69% -64.69%
Cash & Equivalents $4.900M $5.000M $4.958M
Short-Term Investments
Other Short-Term Assets $497.0K $227.0K $227.0K
YoY Change -54.53% -70.93% -70.93%
Inventory $479.0K $496.0K $496.0K
Prepaid Expenses
Receivables $81.00K $76.00K $76.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.750M $5.757M $5.757M
YoY Change -43.94% -62.54% -62.54%
LONG-TERM ASSETS
Property, Plant & Equipment $897.0K $992.0K $1.202M
YoY Change -27.49% -25.13% -31.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.00K $13.00K $264.0K
YoY Change 0.0% 0.0% -49.62%
Total Long-Term Assets $1.316M $1.466M $1.466M
YoY Change -33.33% -35.62% -35.62%
TOTAL ASSETS
Total Short-Term Assets $5.750M $5.757M $5.757M
Total Long-Term Assets $1.316M $1.466M $1.466M
Total Assets $7.066M $7.223M $7.223M
YoY Change -42.23% -59.07% -59.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.495M $1.842M $1.842M
YoY Change 1.56% -6.45% -6.45%
Accrued Expenses $116.0K $169.0K $169.0K
YoY Change -53.23% -31.02% -31.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.632M $1.033M $1.033M
YoY Change -37.5% -59.2% -59.2%
Total Short-Term Liabilities $3.309M $3.270M $3.270M
YoY Change -24.42% -31.86% -31.86%
LONG-TERM LIABILITIES
Long-Term Debt $669.0K $1.239M $1.239M
YoY Change -82.86% -73.0% -85.39%
Other Long-Term Liabilities $21.00K $27.00K $27.00K
YoY Change -98.14% -98.06% -98.06%
Total Long-Term Liabilities $669.0K $1.239M $1.266M
YoY Change -82.86% -73.0% -87.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.309M $3.270M $3.270M
Total Long-Term Liabilities $669.0K $1.239M $1.266M
Total Liabilities $3.999M $4.536M $4.536M
YoY Change -69.97% -69.08% -69.08%
SHAREHOLDERS EQUITY
Retained Earnings -$156.3M -$154.2M
YoY Change 7.28% 9.05%
Common Stock $1.000K $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.067M $2.687M $2.687M
YoY Change
Total Liabilities & Shareholders Equity $7.066M $7.223M $7.223M
YoY Change -42.23% -59.07% -59.07%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023

Facts In Submission

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CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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FractionalSharesPaidInCashPursuantToReverseStockSplit
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FractionalSharesPaidInCashPursuantToReverseStockSplit
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PaymentsForEquityFinancingFees
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14042000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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PurchaseOfPropertyAndEquipmentInAccountsPayableAndAccruedExpenses
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NoncashIssuanceCostsFromPrivatePlacement
264000 usd
CY2023 MOTS Noncash Issuance Cost From Public Offering
NoncashIssuanceCostFromPublicOffering
154000 usd
CY2023 MOTS Financing Fees Incurred But Unpaid At Period End
FinancingFeesIncurredButUnpaidAtPeriodEnd
228000 usd
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DebtIssuanceCostsIncurredButUnpaidAtPeriodEnd
100000 usd
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68000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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CY2023 MOTS Settlement Of Convertible Note To Equity
SettlementOfConvertibleNoteToEquity
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CY2023 us-gaap Nature Of Operations
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<p id="xdx_801_eus-gaap--NatureOfOperations_z73qfL7ZUtsf" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Note 1 – <span id="xdx_824_z83FxwbNwMF5">Description of Business</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Motus GI Holdings, Inc. (the “Company”) was incorporated in Delaware, U.S.A. in September 2016. The Company and its subsidiaries, Motus GI Technologies, Ltd. and Motus GI, LLC, are collectively referred to as “Motus GI” or the “Company”.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has developed the Pure-Vu System, a medical device that has been cleared by the U.S. Food and Drug Administration (the “FDA”) to help facilitate the cleansing of a poorly prepared gastrointestinal tract during colonoscopy and to help facilitate upper gastrointestinal (“GI”) endoscopy procedures. The Pure-Vu System has received a CE Mark in the EU for use in colonoscopy. The Pure-Vu System integrates with standard and slim colonoscopes, as well as gastroscopes, to improve visualization during colonoscopy and upper GI procedures while preserving established procedural workflow and techniques. Through irrigation and evacuation of debris, the Pure-Vu System is designed to provide better-quality exams. The Company received 510(k) clearance in October 2023 from the FDA for the Pure-Vu EVS System for use in the upper GI tract and Gen 4 Colon and will commence market introduction of these products in the coming months. Both devices leverage the same workstation and feature key enhancements such as a larger and more powerful suction channel, more efficient irrigation jets, a smaller profile distal tip that offers enhanced flexibility during insertion, enhanced navigation and a much easier bed side set up. The Company does not expect to generate significant revenue from product sales until it further expands its commercialization efforts, which is subject to significant uncertainty.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 us-gaap Net Income Loss
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CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
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CY2023 us-gaap Use Of Estimates
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<p id="xdx_844_eus-gaap--UseOfEstimates_z9nDASeL0JS5" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86D_z9Mj8cjWwdXh">Basis of presentation and use of estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and include the accounts of the Company and its wholly owned subsidiaries, Motus Ltd., an Israel corporation, which has operations in Tirat Carmel, Israel, and Motus Inc., a Delaware corporation, which has operations in the U.S. All inter-company accounts and transactions have been eliminated in consolidation. Any reference in these notes to applicable guidance is meant to refer to the authoritative GAAP as found in the Accounting Standards Codification, or ASC, and Accounting Standards Updates, or ASUs, of the Financial Accounting Standards Board (“FASB”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023Q4 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
On November 2, 2023, the Company effected a reverse stock split of its issued and outstanding common stock, par value $0.0001 per share, at a ratio of 1-for-15.
CY2023 us-gaap Concentration Risk Credit Risk
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<p id="xdx_842_eus-gaap--ConcentrationRiskCreditRisk_z7Kq8JeUNAv4" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_868_zAhUnfKInb2">Concentrations of Credit Risk and Off-balance Sheet Risk</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to concentrations of credit risk are primarily cash and cash equivalents. The Company has not experienced any credit losses in such accounts and does not believe it is exposed to any significant credit risk on these funds. The Company has no financial instruments with off-balance sheet risk of loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 us-gaap Revenues
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RevenueFromContractWithCustomerExcludingAssessedTax
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CY2022 MOTS Rate Of Royalty Payment
RateOfRoyaltyPayment
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CY2022 us-gaap Income Tax Expense Benefit
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CY2022Q4 us-gaap Inventory Valuation Reserves
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CY2022Q4 us-gaap Inventory Net
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CY2022Q4 MOTS Inventory Current
InventoryCurrent
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CY2022Q4 us-gaap Inventory Noncurrent
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CY2023 us-gaap Inventory Write Down
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488000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
598000 usd
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3336000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
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2344000 usd
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AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1893000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
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CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2023 us-gaap Depreciation And Amortization
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CY2023 us-gaap Lessee Operating Lease Option To Extend
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Certain operating leases include escalation clauses and some of which may include options to extend the leases for up to 3 years
CY2023 MOTS Operating Lease Cost Net
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
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P1Y2M4D
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P1Y9M14D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
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CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0736 pure
CY2023 us-gaap Operating Lease Cost
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310000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
212000 usd
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270000 usd
CY2022 us-gaap Direct Taxes And Licenses Costs
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242000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
175000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
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CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7000 usd
CY2023Q4 us-gaap Operating Lease Liability
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196000 usd
CY2022Q4 MOTS Contingent Royalty Obligation
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MOTS Gain Loss On Change In Estimated Fair Value Of Contingent Royalty Obligation
GainLossOnChangeInEstimatedFairValueOfContingentRoyaltyObligation
103000 usd
CY2023Q3 MOTS Contingent Royalty Obligation
ContingentRoyaltyObligation
1109000 usd
CY2023Q3 MOTS Contingent Royalty Obligation
ContingentRoyaltyObligation
1109000 usd
MOTS Common Stock Exchanged For Extinguishment Of Royalty Obligation
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us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
398000 usd
CY2023 MOTS License Fees
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270000 usd
CY2022 MOTS License Fees
LicenseFees
242000 usd
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256000 usd
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OperatingLeasePayments
342000 usd
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InterestExpense
128 usd
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InterestExpenseOther
1001000 usd
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AmortizationOfDebtDiscountPremium
252000 usd
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330000 usd
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InterestExpense
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us-gaap Proceeds From Royalties Received
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1332000 usd
CY2023Q4 MOTS London Interbank Offered Rate
LondonInterbankOfferedRate
1439000 usd
CY2022Q4 MOTS London Interbank Offered Rate
LondonInterbankOfferedRate
1426000 usd
CY2023 MOTS Royalties Percentage
RoyaltiesPercentage
0.04 pure
CY2023Q3 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
88221 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
8821 shares
CY2023 MOTS Gain Loss On Settlement Equity Additional Paid In Capital
GainLossOnSettlementEquityAdditionalPaidInCapital
<p id="xdx_89A_ecustom--GainLossOnSettlementEquityAdditionalPaidInCapital_zEyZA394ayO6" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8BF_zyIEbmgjdqX9" style="display: none">Schedule of Extinguishment of Royalty Obligation</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49D_20230101__20230912_znsMwdeWxbg4" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Extinguishment</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>of Royalty</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Obligation </b></span></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr id="xdx_403_ecustom--ContingentRoyaltyObligation_i01S_pn3n3_maLzgSy_z3gfta3Kpt8e" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; text-align: justify">Balance at December 31, 2022</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">1,212</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_ecustom--GainLossOnChangeInEstimatedFairValueOfContingentRoyaltyObligation_i01N_pn3n3_di_msNCPBUzwDp_zzQflMw1tuo7" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1.5pt">Change in estimated fair value of royalty obligation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(103</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_406_ecustom--ContingentRoyaltyObligation_i01E_pn3n3_maLzgSy_zmtdNTzZnQ8e" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt">Balance at September 12, 2023</td><td style="padding-bottom: 1.5pt"> </td> <td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt; text-align: right">1,109</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--ContingentRoyaltyObligation_i01E_pn3n3_maLzgSy_zrwr4gxU7wv3" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt">Contingent royalty obligation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,109</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--CommonStockExchangedForExtinguishmentOfRoyaltyObligation_i01N_pn3n3_di_zeQb40Avoohj" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1.5pt">Less fair value of common stock exchanged for extinguishment of royalty obligation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">711</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--GainsLossesOnExtinguishmentOfDebt_i01_pn3n3_zHAL85rnLsyb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Gain on extinguishment – recorded within additional paid-in-capital</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">398</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
471000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
1809000 usd
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
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6.96
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
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129.30
CY2023Q4 us-gaap Warrants And Rights Outstanding Term
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0 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
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26 shares
CY2023Q2 us-gaap Common Stock Shares Issued
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35000 shares
CY2023Q4 us-gaap Deferred Tax Assets Gross
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40200000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
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37400000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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2800000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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17943000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
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CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
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CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
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18813000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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975000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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1735000 usd
CY2023Q4 MOTS Deferred Tax Asset Deferred Expense Capitalized Research And Development Costs
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2184000 usd
CY2022Q4 MOTS Deferred Tax Asset Deferred Expense Capitalized Research And Development Costs
DeferredTaxAssetDeferredExpenseCapitalizedResearchAndDevelopmentCosts
1698000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
409000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
681000 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
40251000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
37541000 usd
CY2023Q4 MOTS Deferred Tax Liabilities Accelerated Research And Development Expense
DeferredTaxLiabilitiesAcceleratedResearchAndDevelopmentExpense
52000 usd
CY2022Q4 MOTS Deferred Tax Liabilities Accelerated Research And Development Expense
DeferredTaxLiabilitiesAcceleratedResearchAndDevelopmentExpense
109000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Other
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39000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
34000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
91000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
143000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
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40160000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
37398000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
40160000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
37398000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.007 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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0.066 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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0.008 pure
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0.008 pure
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0.058 pure
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0.027 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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0.019 pure
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0.080 pure
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0.107 pure
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0.106 pure
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0.150 pure
CY2023Q4 us-gaap Operating Loss Carryforwards
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151400000 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
134100000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Research And Development
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment
1800000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
10600000 usd
CY2021Q4 MOTS Operating Loss Carryforwards Utilization Limitation
OperatingLossCarryforwardsUtilizationLimitation
3700000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
35676000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
26875000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
34266000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
25464000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
81480000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
81794000 usd
CY2023 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
151422000 usd
CY2022 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
134133000 usd
CY2023 MOTS Expire Date Description
ExpireDateDescription
begin to expire after 2036 through 2042
CY2023Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1.50
CY2023Q4 MOTS Shares Issued Revised Price Per Share
SharesIssuedRevisedPricePerShare
0.925
CY2023Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
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4400001 shares
CY2023 us-gaap Class Of Warrant Or Right Expense Or Revenue Recognized
ClassOfWarrantOrRightExpenseOrRevenueRecognized
the terms of 2,933,334 Series A Common Warrants issued in December 2023 held by the same institutional investor to reduce the existing exercise price thereof from $1.50 to $0.74 per share and warrants to purchase up to 276,134 shares of Common Stock issued in May 2023 held by the institutional investor to reduce the existing exercise price thereof from $10.80 to $0.74

Files In Submission

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