2022 Q4 Form 10-Q Financial Statement

#000149315222032096 Filed on November 14, 2022

View on sec.gov

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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CY2022Q2 us-gaap Stockholders Equity
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CY2022Q2 us-gaap Payments Of Stock Issuance Costs
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CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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461000 usd
CY2022Q2 us-gaap Net Income Loss
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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
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StockIssuedDuringPeriodValueIssuedForServices
53000 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1010000 usd
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NetIncomeLoss
-4742000 usd
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17591000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Warrant Issued
AdjustmentsToAdditionalPaidInCapitalWarrantIssued
165000 usd
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AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
848000 usd
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us-gaap Net Income Loss
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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
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us-gaap Share Based Compensation
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1423000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2777000 usd
mots Issuance Of Common Stock For Board Of Directors Compensation
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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
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53000 usd
us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
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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
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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
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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
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mots Reclassification Of Prepaid Expenses To Fixed Assets
ReclassificationOfPrepaidExpensesToFixedAssets
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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
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mots Operating Lease Liabilities Arising From Obtaining Rightofuse Assets
OperatingLeaseLiabilitiesArisingFromObtainingRightofuseAssets
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us-gaap Nature Of Operations
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<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

Files In Submission

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0001493152-22-032096-index-headers.html Edgar Link pending
0001493152-22-032096-index.html Edgar Link pending
0001493152-22-032096.txt Edgar Link pending
0001493152-22-032096-xbrl.zip Edgar Link pending
ex3-1.htm Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex32-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
mots-20220930.xsd Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
mots-20220930_cal.xml Edgar Link unprocessable
mots-20220930_def.xml Edgar Link unprocessable
mots-20220930_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
R22.htm Edgar Link pending
R23.htm Edgar Link pending
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