2022 Q3 Form 10-Q Financial Statement

#000149315222022084 Filed on August 11, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2022 Q1
Revenue $278.0K $185.0K $20.00K
YoY Change 97.16% 85.0% -60.0%
Cost Of Revenue $83.00K $68.00K $174.0K
YoY Change 27.69% 61.9% 480.0%
Gross Profit $195.0K $117.0K -$154.0K
YoY Change 156.58% 101.72% -870.0%
Gross Profit Margin 70.14% 63.24% -770.0%
Selling, General & Admin $3.327M $3.297M $3.097M
YoY Change 9.44% 5.0% -0.74%
% of Gross Profit 1706.15% 2817.95%
Research & Development $1.573M $1.413M $1.275M
YoY Change 32.52% -6.3% -5.56%
% of Gross Profit 806.67% 1207.69%
Depreciation & Amortization $128.0K $129.0K $124.0K
YoY Change 8.47% 29.0% 24.0%
% of Gross Profit 65.64% 110.26%
Operating Expenses $4.900M $4.710M $4.372M
YoY Change 15.92% 1.33% -1.97%
Operating Profit -$4.705M -$4.593M -$4.526M
YoY Change 13.35% 0.07% 1.94%
Interest Expense $338.0K $356.0K -$285.0K
YoY Change -232.55% -334.21% 35.71%
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income -$4.964M -$5.140M -$4.811M
YoY Change 2.9% 8.39% 3.46%
Income Tax
% Of Pretax Income
Net Earnings -$4.964M -$5.140M -$4.811M
YoY Change 2.9% 8.39% 3.48%
Net Earnings / Revenue -1785.61% -2778.38% -24055.0%
Basic Earnings Per Share -$1.69 -$1.86 -$1.86
Diluted Earnings Per Share -$1.690M -$1.863M -$1.858M
COMMON SHARES
Basic Shares Outstanding 2.997M shares
Diluted Shares Outstanding 183.9K shares 2.758M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2022 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $13.29M $15.76M $20.34M
YoY Change -43.79% -40.27% -26.71%
Cash & Equivalents $13.29M $15.76M $20.34M
Short-Term Investments
Other Short-Term Assets $1.018M $1.317M $1.347M
YoY Change 92.08% 53.32% 10.41%
Inventory $1.014M $1.038M $700.0K
Prepaid Expenses
Receivables $161.0K $81.00K $18.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $15.49M $18.19M $22.40M
YoY Change -37.75% -35.06% -24.85%
LONG-TERM ASSETS
Property, Plant & Equipment $1.395M $1.329M $2.009M
YoY Change -36.21% -38.56% -1.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.00K $13.00K $13.00K
YoY Change 0.0% 0.0% 30.0%
Total Long-Term Assets $1.879M $1.889M $2.022M
YoY Change -14.59% -13.19% -1.84%
TOTAL ASSETS
Total Short-Term Assets $15.49M $18.19M $22.40M
Total Long-Term Assets $1.879M $1.889M $2.022M
Total Assets $17.37M $20.08M $24.43M
YoY Change -35.87% -33.49% -23.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.696M $2.212M $1.992M
YoY Change 15.36% 2.88% -1.39%
Accrued Expenses $248.0K $266.0K $296.0K
YoY Change -17.33% 1.92% 23.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.453M $1.757M $1.083M
YoY Change -77.99% -86.43%
Total Short-Term Liabilities $5.467M $4.253M $3.379M
YoY Change 106.61% -59.11% -67.0%
LONG-TERM LIABILITIES
Long-Term Debt $5.251M $5.892M $10.36M
YoY Change -37.68%
Other Long-Term Liabilities $2.009M $2.103M $2.077M
YoY Change -9.75% -4.45% -5.59%
Total Long-Term Liabilities $5.251M $5.892M $12.44M
YoY Change -50.7% 167.7% 465.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.467M $4.253M $3.379M
Total Long-Term Liabilities $5.251M $5.892M $12.44M
Total Liabilities $16.60M $16.11M $15.82M
YoY Change 24.86% 27.84% 27.15%
SHAREHOLDERS EQUITY
Retained Earnings -$137.7M -$132.7M
YoY Change
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $762.0K $3.972M $8.606M
YoY Change
Total Liabilities & Shareholders Equity $17.37M $20.08M $24.43M
YoY Change -35.87% -33.49% -23.36%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2022 Q1
OPERATING ACTIVITIES
Net Income -$4.964M -$5.140M -$4.811M
YoY Change 2.9% 8.39% 3.48%
Depreciation, Depletion And Amortization $128.0K $129.0K $124.0K
YoY Change 8.47% 29.0% 24.0%
Cash From Operating Activities -$3.618M -$4.565M -$5.246M
YoY Change 24.33% 49.43% 15.55%
INVESTING ACTIVITIES
Capital Expenditures -$166.0K -$48.00K -$1.000K
YoY Change 6.41% -62.79% -99.29%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$166.0K -$48.00K -$1.000K
YoY Change 6.41% -62.79% -99.29%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.321M 32.00K 3.022M
YoY Change 289.68% -98.24% -73.97%
NET CHANGE
Cash From Operating Activities -3.618M -4.565M -5.246M
Cash From Investing Activities -166.0K -48.00K -1.000K
Cash From Financing Activities 1.321M 32.00K 3.022M
Net Change In Cash -2.463M -4.581M -2.225M
YoY Change -9.68% 234.38% -132.11%
FREE CASH FLOW
Cash From Operating Activities -$3.618M -$4.565M -$5.246M
Capital Expenditures -$166.0K -$48.00K -$1.000K
Free Cash Flow -$3.452M -$4.517M -$5.245M
YoY Change 25.34% 54.37% 19.2%

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CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1826000 usd
CY2021Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1826000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
19000 usd
CY2021Q2 us-gaap Stock Issued During Period Value Issued For Services
StockIssuedDuringPeriodValueIssuedForServices
53000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1010000 usd
CY2021Q2 us-gaap Net Income Loss
NetIncomeLoss
-4742000 usd
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
17591000 usd
us-gaap Net Income Loss
NetIncomeLoss
-9951000 usd
us-gaap Net Income Loss
NetIncomeLoss
-9391000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
253000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
200000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
125000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4000 usd
mots Loss On Change In Estimated Fair Value Of Contingent Royalty Obligation
LossOnChangeInEstimatedFairValueOfContingentRoyaltyObligation
-63000 usd
mots Loss On Change In Estimated Fair Value Of Contingent Royalty Obligation
LossOnChangeInEstimatedFairValueOfContingentRoyaltyObligation
-117000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
982000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1929000 usd
mots Provision For Excess And Obsolete Inventory
ProvisionForExcessAndObsoleteInventory
159000 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
36000 usd
mots Issuance Of Common Stock For Board Of Directors Compensation
IssuanceOfCommonStockForBoardOfDirectorsCompensation
118000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
175000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
54000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-28000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
38000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
764000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-43000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
407000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
366000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-459000 usd
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
-204000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-177000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-57000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
8000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9811000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-7595000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
49000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
269000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-49000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-269000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
34000 usd
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
11959000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1901000 usd
mots Proceeds From Issuance Of Common Shares Pursuant To Atthemarket Issuance Registered Offering
ProceedsFromIssuanceOfCommonSharesPursuantToAtthemarketIssuanceRegisteredOffering
3165000 usd
mots Payments Of Financing Fees
PaymentsOfFinancingFees
111000 usd
mots Payments Of Financing Fees
PaymentsOfFinancingFees
436000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3054000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13424000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-6806000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5560000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
22563000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
20819000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
15757000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
26379000 usd
us-gaap Interest Paid Net
InterestPaidNet
511000 usd
us-gaap Interest Paid Net
InterestPaidNet
222000 usd
us-gaap Stock Issued1
StockIssued1
56000 usd
mots Common Stock Issued For Prepaid Board Of Directors Compensation
CommonStockIssuedForPrepaidBoardOfDirectorsCompensation
117000 usd
mots Common Stock Issued For Prepaid Board Of Directors Compensation
CommonStockIssuedForPrepaidBoardOfDirectorsCompensation
121000 usd
mots Reclassification Of Prepaid Expenses To Fixed Assets
ReclassificationOfPrepaidExpensesToFixedAssets
4000 usd
mots Reclassification Of Prepaid Expenses To Fixed Assets
ReclassificationOfPrepaidExpensesToFixedAssets
75000 usd
mots Reclassification Of Inventory To Fixed Assets
ReclassificationOfInventoryToFixedAssets
62000 usd
mots Reclassification Of Inventory To Fixed Assets
ReclassificationOfInventoryToFixedAssets
56000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
75000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
73000 usd
mots Financing Fees Included In Accounts Payable And Accrued Expenses
FinancingFeesIncludedInAccountsPayableAndAccruedExpenses
5000 usd
mots Financing Fees Included In Accounts Payable And Accrued Expenses
FinancingFeesIncludedInAccountsPayableAndAccruedExpenses
4000 usd
mots Prepaid In Addition On Lease Rightofuse Aset
PrepaidInAdditionOnLeaseRightofuseAset
3000 usd
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80E_eus-gaap--NatureOfOperations_zhMWb3zbaHmd" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Note 1 – <span id="xdx_820_zB9pWhvDfzw2">Description of Business</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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: 0pt 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: 0pt 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: 0pt 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 February 2022 from the FDA for its Pure-Vu EVS System and recently commenced commercialization of this product.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9811000 usd
us-gaap Net Income Loss
NetIncomeLoss
-9951000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15757000 usd
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_843_eus-gaap--UseOfEstimates_zUurZhDbMQo5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Use of estimates</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 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: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the unaudited condensed 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: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
569000 usd
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
68000 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
670000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
292000 usd
CY2022Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
50000 usd
us-gaap Servicing Liability At Fair Value Description Of Other Changes In Fair Value
ServicingLiabilityAtFairValueDescriptionOfOtherChangesInFairValue
The Company recalculated the fair value of the liability by applying a +/- 2% change to the input variable in the discounted cash flow model; the discount rate. A 2% decrease in the discount rate would increase the liability by $137 and a 2% increase in the discount rate would decrease the liability by $125.
CY2022Q2 us-gaap Inventory Write Down
InventoryWriteDown
0 usd
us-gaap Inventory Write Down
InventoryWriteDown
159000 usd
us-gaap Inventory Write Down
InventoryWriteDown
0 usd
CY2021Q2 us-gaap Inventory Write Down
InventoryWriteDown
0 usd
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
350000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
365000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
1038000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
496000 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2955000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2818000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1626000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1390000 usd
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1329000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1428000 usd
CY2022Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
129000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
253000 usd
CY2022Q2 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
36000 usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
36000 usd
CY2021Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
102000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
200000 usd
us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
Certain operating leases include escalation clauses and some of which may include options to extend the leases for up to 3 years.
CY2022Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
23000 usd
CY2021Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
32000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
62000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
64000 usd
CY2022Q2 us-gaap Variable Lease Cost
VariableLeaseCost
30000 usd
CY2021Q2 us-gaap Variable Lease Cost
VariableLeaseCost
30000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
60000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
60000 usd
CY2022Q2 us-gaap Lease Cost
LeaseCost
53000 usd
CY2021Q2 us-gaap Lease Cost
LeaseCost
62000 usd
us-gaap Lease Cost
LeaseCost
122000 usd
us-gaap Lease Cost
LeaseCost
124000 usd
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
547000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
687000 usd
CY2022Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
266000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
307000 usd
mots Loss On Change In Fair Value Of Contingent Royalty Obligation
LossOnChangeInFairValueOfContingentRoyaltyObligation
117000 usd
us-gaap Manufacturing Costs
ManufacturingCosts
285000 usd
us-gaap Severance Costs1
SeveranceCosts1
1428000 usd
CY2022Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
280000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
385000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
546000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
692000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y1M2D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y5M26D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0744 pure
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0766 pure
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
53000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
122000 usd
CY2022Q2 us-gaap Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
60000 usd
us-gaap Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
107000 usd
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
62000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
124000 usd
CY2021Q2 us-gaap Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
47000 usd
us-gaap Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
94000 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
540000 usd
us-gaap Interest Expense Other
InterestExpenseOther
535000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
125000 usd
us-gaap Interest Expense
InterestExpense
660000 usd
CY2022Q2 us-gaap Interest Expense Other
InterestExpenseOther
291000 usd
CY2022Q2 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
65000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
356000 usd
us-gaap Proceeds From Royalties Received
ProceedsFromRoyaltiesReceived
1332000 usd
CY2022Q2 mots London Interbank Offered Rate
LondonInterbankOfferedRate
1424000 usd
CY2021Q4 mots London Interbank Offered Rate
LondonInterbankOfferedRate
1419000 usd
mots Royalties Percentage
RoyaltiesPercentage
0.04 pure
mots Net Sales Percentage
NetSalesPercentage
0.03 pure
mots Licensing Percentage
LicensingPercentage
0.05 pure
us-gaap Proceeds From Royalties Received
ProceedsFromRoyaltiesReceived
30000000 usd
us-gaap Proceeds From Royalties Received
ProceedsFromRoyaltiesReceived
30000000 usd
CY2022Q2 mots Contingent Royalty Obligation Non Current
ContingentRoyaltyObligationNonCurrent
1823000 usd
CY2021Q4 mots Contingent Royalty Obligation Non Current
ContingentRoyaltyObligationNonCurrent
1760000 usd
CY2022Q2 mots Loss On Change In Fair Value Of Contingent Royalty Obligation
LossOnChangeInFairValueOfContingentRoyaltyObligation
92000 usd
mots Loss On Change In Fair Value Of Contingent Royalty Obligation
LossOnChangeInFairValueOfContingentRoyaltyObligation
63000 usd
CY2021Q2 mots Loss On Change In Fair Value Of Contingent Royalty Obligation
LossOnChangeInFairValueOfContingentRoyaltyObligation
37000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0204 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0073 pure
CY2022Q2 mots License Fees
LicenseFees
60000 usd
mots License Fees
LicenseFees
107000 usd
CY2021Q2 mots License Fees
LicenseFees
47000 usd
mots License Fees
LicenseFees
94000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
26000 usd
CY2021Q1 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
11000000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Non Option Equity Instruments Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionEquityInstrumentsExercised
394577 shares
CY2022Q2 mots Share Based Compensation Arrangement By Share Based Payment Award Non Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardNonOptionsOutstandingWeightedAverageExercisePrice
50.87
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
307592 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
54.10
mots Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm
P7Y5M12D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
98747 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
8.98
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
75 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
36.77
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
2353 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
12.17
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
403911 shares
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
43.34
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y6M29D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y9M3D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y9M
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.9931 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.0676 pure
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
5.0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.80
CY2022Q2 us-gaap Share Based Compensation
ShareBasedCompensation
461000 usd
CY2021Q2 us-gaap Share Based Compensation
ShareBasedCompensation
1010000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
982000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1929000 usd

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