2022 Q4 Form 10-Q Financial Statement
#000149315222032096 Filed on November 14, 2022
Income Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
Revenue | $109.0K | $278.0K | $141.0K |
YoY Change | 10.1% | 97.16% | 370.0% |
Cost Of Revenue | $471.0K | $83.00K | $65.00K |
YoY Change | 923.91% | 27.69% | 116.67% |
Gross Profit | -$362.0K | $195.0K | $76.00K |
YoY Change | -783.02% | 156.58% | |
Gross Profit Margin | -332.11% | 70.14% | 53.9% |
Selling, General & Admin | $2.315M | $3.327M | $3.040M |
YoY Change | -24.1% | 9.44% | 14.29% |
% of Gross Profit | 1706.15% | 4000.0% | |
Research & Development | $1.350M | $1.573M | $1.187M |
YoY Change | 3.77% | 32.52% | 2.33% |
% of Gross Profit | 806.67% | 1561.84% | |
Depreciation & Amortization | $129.0K | $128.0K | $118.0K |
YoY Change | 6.61% | 8.47% | 47.5% |
% of Gross Profit | 65.64% | 155.26% | |
Operating Expenses | $3.665M | $4.900M | $4.227M |
YoY Change | -15.77% | 15.92% | 10.37% |
Operating Profit | -$4.027M | -$4.705M | -$4.151M |
YoY Change | -6.31% | 13.35% | 8.38% |
Interest Expense | $345.0K | $338.0K | -$255.0K |
YoY Change | -231.18% | -232.55% | 112.5% |
% of Operating Profit | |||
Other Income/Expense, Net | $0.00 | $0.00 | $5.000K |
YoY Change | -100.0% | ||
Pretax Income | -$3.682M | -$4.964M | -$4.824M |
YoY Change | -23.58% | 2.9% | 22.44% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$3.682M | -$4.964M | -$4.824M |
YoY Change | -23.58% | 2.9% | 22.44% |
Net Earnings / Revenue | -3377.98% | -1785.61% | -3421.28% |
Basic Earnings Per Share | -$1.69 | -$2.00 | |
Diluted Earnings Per Share | -$0.79 | -$1.690M | -$2.000M |
COMMON SHARES | |||
Basic Shares Outstanding | 4.656M shares | 2.997M shares | |
Diluted Shares Outstanding | 183.9K shares |
Balance Sheet
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $14.04M | $13.29M | $23.65M |
YoY Change | -37.77% | -43.79% | -0.16% |
Cash & Equivalents | $14.00M | $13.29M | $23.65M |
Short-Term Investments | |||
Other Short-Term Assets | $781.0K | $1.018M | $530.0K |
YoY Change | -1.51% | 92.08% | -40.45% |
Inventory | $999.0K | $1.014M | $515.0K |
Prepaid Expenses | |||
Receivables | $59.00K | $161.0K | $181.0K |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $15.37M | $15.49M | $24.88M |
YoY Change | -35.85% | -37.75% | -3.98% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.325M | $1.395M | $2.187M |
YoY Change | -7.21% | -36.21% | 20.83% |
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 | $2.277M | $1.879M | $2.200M |
YoY Change | 7.0% | -14.59% | 20.22% |
TOTAL ASSETS | |||
Total Short-Term Assets | $15.37M | $15.49M | $24.88M |
Total Long-Term Assets | $2.277M | $1.879M | $2.200M |
Total Assets | $17.65M | $17.37M | $27.08M |
YoY Change | -32.36% | -35.87% | -2.39% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.969M | $2.696M | $2.337M |
YoY Change | -23.8% | 15.36% | 23.65% |
Accrued Expenses | $245.0K | $248.0K | $300.0K |
YoY Change | -20.2% | -17.33% | 25.0% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $2.532M | $2.453M | |
YoY Change | 487.47% | ||
Total Short-Term Liabilities | $4.799M | $5.467M | $2.646M |
YoY Change | 44.03% | 106.61% | -74.85% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $4.589M | $5.251M | $8.426M |
YoY Change | -35.56% | -37.68% | |
Other Long-Term Liabilities | $1.390M | $2.009M | $2.226M |
YoY Change | -35.2% | -9.75% | 0.27% |
Total Long-Term Liabilities | $4.589M | $5.251M | $10.65M |
YoY Change | -35.56% | -50.7% | 379.82% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $4.799M | $5.467M | $2.646M |
Total Long-Term Liabilities | $4.589M | $5.251M | $10.65M |
Total Liabilities | $14.67M | $16.60M | $13.30M |
YoY Change | -10.72% | 24.86% | 4.38% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$141.4M | -$137.7M | |
YoY Change | 15.19% | ||
Common Stock | $0.00 | $0.00 | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $2.977M | $762.0K | $13.78M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $17.65M | $17.37M | $27.08M |
YoY Change | -32.36% | -35.87% | -2.39% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q3 | 2021 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$3.682M | -$4.964M | -$4.824M |
YoY Change | -23.58% | 2.9% | 22.44% |
Depreciation, Depletion And Amortization | $129.0K | $128.0K | $118.0K |
YoY Change | 6.61% | 8.47% | 47.5% |
Cash From Operating Activities | -$4.038M | -$3.618M | -$2.910M |
YoY Change | 3.09% | 24.33% | 9.4% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $9.000K | -$166.0K | -$156.0K |
YoY Change | -120.0% | 6.41% | 1460.0% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | ||
YoY Change | |||
Cash From Investing Activities | -$9.000K | -$166.0K | -$156.0K |
YoY Change | -80.0% | 6.41% | 1460.0% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 4.795M | 1.321M | 339.0K |
YoY Change | 66.9% | 289.68% | -96.33% |
NET CHANGE | |||
Cash From Operating Activities | -4.038M | -3.618M | -2.910M |
Cash From Investing Activities | -9.000K | -166.0K | -156.0K |
Cash From Financing Activities | 4.795M | 1.321M | 339.0K |
Net Change In Cash | 748.0K | -2.463M | -2.727M |
YoY Change | -168.69% | -9.68% | -141.57% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$4.038M | -$3.618M | -$2.910M |
Capital Expenditures | $9.000K | -$166.0K | -$156.0K |
Free Cash Flow | -$4.047M | -$3.452M | -$2.754M |
YoY Change | 4.52% | 25.34% | 3.92% |
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CY2021Q3 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
725000 | usd |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
3554000 | usd | |
us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
2196000 | usd | |
CY2022Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
1978000 | usd |
CY2021Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2315000 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6167000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
7104000 | usd | |
CY2022Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
4983000 | usd |
CY2021Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
4478000 | usd |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
14307000 | usd | |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
13661000 | usd | |
CY2022Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4705000 | usd |
CY2021Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-4337000 | usd |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-13824000 | usd | |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-13369000 | usd | |
CY2022Q3 | mots |
Gain Loss On Change In Estimated Fair Value Of Contingent Royalty Obligation
GainLossOnChangeInEstimatedFairValueOfContingentRoyaltyObligation
|
34000 | usd |
CY2021Q3 | mots |
Gain Loss On Change In Estimated Fair Value Of Contingent Royalty Obligation
GainLossOnChangeInEstimatedFairValueOfContingentRoyaltyObligation
|
-35000 | usd |
mots |
Gain Loss On Change In Estimated Fair Value Of Contingent Royalty Obligation
GainLossOnChangeInEstimatedFairValueOfContingentRoyaltyObligation
|
-29000 | usd | |
mots |
Gain Loss On Change In Estimated Fair Value Of Contingent Royalty Obligation
GainLossOnChangeInEstimatedFairValueOfContingentRoyaltyObligation
|
-152000 | usd | |
CY2021Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-237000 | usd |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-237000 | usd | |
CY2022Q3 | mots |
Finance Incomeexpense Net
FinanceIncomeexpenseNet
|
-310000 | usd |
CY2021Q3 | mots |
Finance Incomeexpense Net
FinanceIncomeexpenseNet
|
-216000 | usd |
mots |
Finance Incomeexpense Net
FinanceIncomeexpenseNet
|
-1001000 | usd | |
mots |
Finance Incomeexpense Net
FinanceIncomeexpenseNet
|
-450000 | usd | |
CY2021Q3 | us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
5000 | usd |
us-gaap |
Other Nonoperating Income
OtherNonoperatingIncome
|
5000 | usd | |
CY2022Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
17000 | usd |
CY2021Q3 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-4000 | usd |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-61000 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-12000 | usd | |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4964000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4824000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-14915000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-14215000 | usd | |
mots |
Deemed Dividends From Warrant Issuance
DeemedDividendsFromWarrantIssuance
|
-6145000 | usd | |
CY2022Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-4964000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-4824000 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-14915000 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-20360000 | usd | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-1.69 | |
CY2021Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-2.00 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-5.40 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-8.77 | ||
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
2937530 | shares |
CY2021Q3 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
2412059 | shares |
us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
2763164 | shares | |
us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
2320982 | shares | |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9657000 | usd |
CY2022Q1 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
111000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
3004000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
235000 | usd |
CY2022Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
521000 | usd |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4811000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
8606000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3972000 | usd |
CY2022Q3 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
55000 | usd |
CY2022Q2 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
5000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
45000 | usd |
CY2022Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
461000 | usd |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-5140000 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
1324000 | usd |
CY2022Q3 | mots |
Stock Issued During Period Fractional Shares Settled In Cash Pursuant To Reverse Stock Split Value
StockIssuedDuringPeriodFractionalSharesSettledInCashPursuantToReverseStockSplitValue
|
-11000 | usd |
CY2022Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
441000 | usd |
CY2022Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4964000 | usd |
CY2022Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
762000 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
11290000 | usd |
CY2021Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
366000 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
11593000 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
272000 | usd |
CY2021Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
919000 | usd |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4649000 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
19425000 | usd |
CY2021Q2 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
74000 | 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 |
CY2021Q3 | us-gaap |
Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
|
165000 | usd |
CY2021Q3 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
848000 | usd |
CY2021Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-4824000 | usd |
CY2021Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
13780000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-14915000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-14215000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
381000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
318000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
195000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
32000 | usd | |
mots |
Loss On Change In Estimated Fair Value Of Contingent Royalty Obligation
LossOnChangeInEstimatedFairValueOfContingentRoyaltyObligation
|
-29000 | usd | |
mots |
Loss On Change In Estimated Fair Value Of Contingent Royalty Obligation
LossOnChangeInEstimatedFairValueOfContingentRoyaltyObligation
|
-152000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1423000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2777000 | usd | |
mots |
Issuance Of Common Stock For Board Of Directors Compensation
IssuanceOfCommonStockForBoardOfDirectorsCompensation
|
177000 | usd | |
mots |
Issuance Of Common Stock For Board Of Directors Compensation
IssuanceOfCommonStockForBoardOfDirectorsCompensation
|
174000 | usd | |
us-gaap |
Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
|
53000 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-237000 | usd | |
mots |
Impairment Of Inventory
ImpairmentOfInventory
|
159000 | usd | |
mots |
Impairment Of Inventory
ImpairmentOfInventory
|
186000 | usd | |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
46000 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
253000 | usd | |
us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
152000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
52000 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
146000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
843000 | usd | |
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-48000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
167000 | usd | |
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
97000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
79000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
38000 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-255000 | usd | |
us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-163000 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
61000 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-51000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-13429000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-10505000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
215000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
425000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-215000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-425000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
4544000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1900000 | usd | |
mots |
Fractional Shares Paid In Cash Pursuant To Reverse Stock Split
FractionalSharesPaidInCashPursuantToReverseStockSplit
|
11000 | usd | |
us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
11959000 | usd | |
us-gaap |
Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
|
9000000 | usd | |
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
8220000 | usd | |
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
437000 | usd | |
mots |
Equity Financing Fees
EquityFinancingFees
|
-158000 | usd | |
mots |
Equity Financing Fees
EquityFinancingFees
|
-439000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
4375000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
13763000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-9269000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
2833000 | 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 |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
13294000 | usd |
CY2021Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
23652000 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
779000 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
443000 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
56000 | usd | |
mots |
Common Stock Issued For Prepaid Board Of Directors Compensation
CommonStockIssuedForPrepaidBoardOfDirectorsCompensation
|
58000 | usd | |
mots |
Common Stock Issued For Prepaid Board Of Directors Compensation
CommonStockIssuedForPrepaidBoardOfDirectorsCompensation
|
61000 | usd | |
mots |
Reclassification Of Inventory To Fixed Assets
ReclassificationOfInventoryToFixedAssets
|
163000 | usd | |
mots |
Reclassification Of Inventory To Fixed Assets
ReclassificationOfInventoryToFixedAssets
|
56000 | usd | |
mots |
Reclassification Of Prepaid Expenses To Fixed Assets
ReclassificationOfPrepaidExpensesToFixedAssets
|
4000 | usd | |
mots |
Reclassification Of Prepaid Expenses To Fixed Assets
ReclassificationOfPrepaidExpensesToFixedAssets
|
75000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
12000 | usd | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
22000 | usd | |
mots |
Financing Costs Included In Accounts Payable And Accrued Expenses
FinancingCostsIncludedInAccountsPayableAndAccruedExpenses
|
13000 | usd | |
mots |
Warrants Issued Related To Convertible Note And Longterm Debt Recorded As Debt Discount
WarrantsIssuedRelatedToConvertibleNoteAndLongtermDebtRecordedAsDebtDiscount
|
165000 | usd | |
mots |
Accrued End Of Loan Payment Recorded As Debt Discount
AccruedEndOfLoanPaymentRecordedAsDebtDiscount
|
88000 | usd | |
mots |
Operating Lease Liabilities Arising From Obtaining Rightofuse Assets
OperatingLeaseLiabilitiesArisingFromObtainingRightofuseAssets
|
3000 | usd | |
mots |
Operating Lease Liabilities Arising From Obtaining Rightofuse Assets
OperatingLeaseLiabilitiesArisingFromObtainingRightofuseAssets
|
135000 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_805_eus-gaap--NatureOfOperations_zv461gN0HvO5" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Note 1 – <span id="xdx_82B_zOTjAnotYSjl">Description of Business</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 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 0pt 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 0pt 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 0pt 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
|
-13429000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-14915000 | usd | |
CY2022Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
13294000 | usd |
us-gaap |
Use Of Estimates
UseOfEstimates
|
<p id="xdx_84A_eus-gaap--UseOfEstimates_zKRttKhtBZS3" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86D_zQHSQ3tJvTDg">Use of estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 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 0pt 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 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
CY2022Q3 | mots |
Deemed Dividend Warrants
DeemedDividendWarrants
|
0 | usd |
mots |
Deemed Dividend Warrants
DeemedDividendWarrants
|
6145000 | usd | |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
186000 | 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 $130 and a 2% increase in the discount rate would decrease the liability by $119 | ||
CY2022Q3 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
0 | usd |
us-gaap |
Inventory Write Down
InventoryWriteDown
|
159000 | usd | |
CY2021Q3 | us-gaap |
Inventory Write Down
InventoryWriteDown
|
186000 | usd |
CY2022Q3 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
194000 | usd |
CY2021Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
569000 | usd |
CY2022Q3 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
120000 | usd |
CY2022Q3 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
745000 | usd |
CY2021Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
292000 | usd |
CY2022Q3 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
45000 | usd |
CY2021Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
365000 | usd |
CY2022Q3 | us-gaap |
Inventory Net
InventoryNet
|
1014000 | usd |
CY2021Q4 | us-gaap |
Inventory Net
InventoryNet
|
496000 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
3159000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2818000 | usd |
CY2022Q3 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1764000 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1390000 | usd |
CY2022Q3 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1395000 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1428000 | usd |
CY2022Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
128000 | usd |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
381000 | usd | |
CY2022Q3 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
10000 | usd |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
46000 | usd | |
CY2021Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
118000 | usd |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
318000 | 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 | ||
CY2022Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
16000 | usd |
CY2021Q3 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
36000 | usd |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
78000 | usd | |
us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
100000 | usd | |
CY2022Q3 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
30000 | usd |
CY2021Q3 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
30000 | usd |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
90000 | usd | |
us-gaap |
Variable Lease Cost
VariableLeaseCost
|
90000 | usd | |
CY2022Q3 | us-gaap |
Lease Cost
LeaseCost
|
46000 | usd |
CY2021Q3 | us-gaap |
Lease Cost
LeaseCost
|
66000 | usd |
us-gaap |
Lease Cost
LeaseCost
|
168000 | usd | |
us-gaap |
Lease Cost
LeaseCost
|
190000 | usd | |
CY2022Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
471000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
687000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
248000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
307000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
220000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
385000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
468000 | usd |
CY2021Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
692000 | usd |
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P1Y10M24D | |
CY2021Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P2Y5M26D | |
CY2022Q3 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0746 | pure |
CY2021Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0766 | pure |
CY2022Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
46000 | usd |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
168000 | usd | |
CY2022Q3 | us-gaap |
Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
|
66000 | usd |
us-gaap |
Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
|
173000 | usd | |
CY2021Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
66000 | usd |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
190000 | usd | |
CY2021Q3 | us-gaap |
Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
|
47000 | usd |
us-gaap |
Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
|
141000 | usd | |
us-gaap |
Interest Expense Other
InterestExpenseOther
|
803000 | usd | |
us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
195000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
998000 | usd | |
CY2022Q3 | us-gaap |
Interest Expense Other
InterestExpenseOther
|
268000 | usd |
CY2022Q3 | us-gaap |
Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
|
70000 | usd |
CY2022Q3 | us-gaap |
Interest Expense
InterestExpense
|
338000 | usd |
CY2011 | us-gaap |
Proceeds From Royalties Received
ProceedsFromRoyaltiesReceived
|
1332000 | usd |
CY2022Q3 | mots |
London Interbank Offered Rate
LondonInterbankOfferedRate
|
1426000 | 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 | |
CY2022Q3 | mots |
Contingent Royalty Obligation Non Current
ContingentRoyaltyObligationNonCurrent
|
1789000 | usd |
CY2021Q4 | mots |
Contingent Royalty Obligation Non Current
ContingentRoyaltyObligationNonCurrent
|
1760000 | usd |
CY2022Q3 | mots |
Loss On Change In Fair Value Of Contingent Royalty Obligation
LossOnChangeInFairValueOfContingentRoyaltyObligation
|
34000 | usd |
mots |
Loss On Change In Estimated Fair Value Of Contingent Royalty Obligation
LossOnChangeInEstimatedFairValueOfContingentRoyaltyObligation
|
-29000 | usd | |
CY2021Q3 | mots |
Loss On Change In Fair Value Of Contingent Royalty Obligation
LossOnChangeInFairValueOfContingentRoyaltyObligation
|
35000 | usd |
mots |
Loss On Change In Fair Value Of Contingent Royalty Obligation
LossOnChangeInFairValueOfContingentRoyaltyObligation
|
152000 | usd | |
us-gaap |
Manufacturing Costs
ManufacturingCosts
|
211000 | usd | |
us-gaap |
Severance Costs1
SeveranceCosts1
|
1428000 | usd | |
CY2022Q3 | mots |
License Fees
LicenseFees
|
66000 | usd |
mots |
License Fees
LicenseFees
|
173000 | usd | |
CY2021Q3 | mots |
License Fees
LicenseFees
|
47000 | usd |
mots |
License Fees
LicenseFees
|
141000 | usd | |
CY2022Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
441000 | usd |
CY2021Q3 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
848000 | usd |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
1423000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2777000 | usd | |
CY2022Q3 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
0 | usd |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
26 | shares |