2023 Q1 Form 10-K Financial Statement

#000149315223010263 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $56.00K $109.0K $592.0K
YoY Change 180.0% 10.1% 51.41%
Cost Of Revenue $9.000K $471.0K $198.0K
YoY Change -94.83% 923.91% 9.39%
Gross Profit $47.00K -$362.0K $394.0K
YoY Change -130.52% -783.02% 87.62%
Gross Profit Margin 83.93% -332.11% 66.55%
Selling, General & Admin $2.787M $2.315M $12.04M
YoY Change -10.01% -24.1% -2.54%
% of Gross Profit 5929.79% 3054.82%
Research & Development $1.454M $1.350M $5.611M
YoY Change 14.04% 3.77% 5.06%
% of Gross Profit 3093.62% 1424.11%
Depreciation & Amortization $117.0K $129.0K $510.0K
YoY Change -5.65% 6.61% 16.17%
% of Gross Profit 248.94% 129.44%
Operating Expenses $4.241M $3.665M $17.65M
YoY Change -3.0% -15.77% -0.25%
Operating Profit -$4.359M -$4.027M -$17.85M
YoY Change -3.69% -6.31% 2.12%
Interest Expense $308.0K $345.0K $1.331M
YoY Change -208.07% -231.18% -251.77%
% of Operating Profit
Other Income/Expense, Net $0.00 $0.00
YoY Change -100.0%
Pretax Income -$4.386M -$3.682M -$18.60M
YoY Change -8.83% -23.58% -2.29%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$4.400M -$3.682M -$18.60M
YoY Change -8.54% -23.58% -2.27%
Net Earnings / Revenue -7857.14% -3377.98% -3141.89%
Basic Earnings Per Share -$0.92 -$86.15
Diluted Earnings Per Share -$0.92 -$0.79 -$5.74
COMMON SHARES
Basic Shares Outstanding 4.779M shares 4.656M shares
Diluted Shares Outstanding 317.5K shares 215.9K shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.648M $14.04M $14.04M
YoY Change -57.48% -37.77% -37.77%
Cash & Equivalents $8.600M $14.00M $14.04M
Short-Term Investments
Other Short-Term Assets $1.093M $781.0K $781.0K
YoY Change -18.86% -1.51% -1.51%
Inventory $798.0K $999.0K $488.0K
Prepaid Expenses
Receivables $52.00K $59.00K $59.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $10.26M $15.37M $15.37M
YoY Change -54.22% -35.85% -35.85%
LONG-TERM ASSETS
Property, Plant & Equipment $1.237M $1.325M $1.753M
YoY Change -38.43% -7.21% -17.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.00K $13.00K $524.0K
YoY Change 0.0% 0.0% 3930.77%
Total Long-Term Assets $1.974M $2.277M $2.277M
YoY Change -2.37% 7.0% 7.0%
TOTAL ASSETS
Total Short-Term Assets $10.26M $15.37M $15.37M
Total Long-Term Assets $1.974M $2.277M $2.277M
Total Assets $12.23M $17.65M $17.65M
YoY Change -49.92% -32.36% -32.36%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.472M $1.969M $1.969M
YoY Change -26.1% -23.8% -23.8%
Accrued Expenses $248.0K $245.0K $245.0K
YoY Change -16.22% -20.2% -20.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.611M $2.532M $2.532M
YoY Change 141.09% 487.47%
Total Short-Term Liabilities $4.378M $4.799M $4.799M
YoY Change 29.56% 44.03% 65.43%
LONG-TERM LIABILITIES
Long-Term Debt $3.904M $4.589M $8.481M
YoY Change -62.32% -35.56% -25.51%
Other Long-Term Liabilities $1.128M $1.390M $1.390M
YoY Change -45.69% -35.2% -35.2%
Total Long-Term Liabilities $3.904M $4.589M $9.871M
YoY Change -68.61% -35.56% -27.05%
TOTAL LIABILITIES
Total Short-Term Liabilities $4.378M $4.799M $4.799M
Total Long-Term Liabilities $3.904M $4.589M $9.871M
Total Liabilities $13.32M $14.67M $14.67M
YoY Change -15.82% -10.72% -10.72%
SHAREHOLDERS EQUITY
Retained Earnings -$145.7M -$141.4M
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 -$1.085M $2.977M $2.977M
YoY Change
Total Liabilities & Shareholders Equity $12.23M $17.65M $17.65M
YoY Change -49.92% -32.36% -32.36%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$4.400M -$3.682M -$18.60M
YoY Change -8.54% -23.58% -2.27%
Depreciation, Depletion And Amortization $117.0K $129.0K $510.0K
YoY Change -5.65% 6.61% 16.17%
Cash From Operating Activities -$4.800M -$4.038M -$17.47M
YoY Change -8.5% 3.09% 21.11%
INVESTING ACTIVITIES
Capital Expenditures $39.00K $9.000K $224.0K
YoY Change -4000.0% -120.0% -147.66%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$39.00K -$9.000K -$224.0K
YoY Change 3800.0% -80.0% -52.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $10.25M
YoY Change -26.03%
Debt Paid & Issued, Net $703.0K
YoY Change -87.76%
Cash From Financing Activities -$553.0K 4.795M $9.170M
YoY Change -118.3% 66.9% -44.88%
NET CHANGE
Cash From Operating Activities -$4.800M -4.038M -$17.47M
Cash From Investing Activities -$39.00K -9.000K -$224.0K
Cash From Financing Activities -$553.0K 4.795M $9.170M
Net Change In Cash -$5.394M 748.0K -$8.521M
YoY Change 142.43% -168.69% -588.59%
FREE CASH FLOW
Cash From Operating Activities -$4.800M -$4.038M -$17.47M
Capital Expenditures $39.00K $9.000K $224.0K
Free Cash Flow -$4.839M -$4.047M -$17.69M
YoY Change -7.74% 4.52% 26.8%

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CY2022 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
368000 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
9884000 usd
CY2022 mots Stock Issued During Period Fractional Shares Settled In Cash Pursuant To Reverse Stock Split Value
StockIssuedDuringPeriodFractionalSharesSettledInCashPursuantToReverseStockSplitValue
-11 usd
CY2022 us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
235000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1809000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-18597000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
2977000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
2977000 usd
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-18597000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-19033000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
510000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
439000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
330000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
95000 usd
CY2022 mots Gain Loss On Change In Estimated Fair Value Of Contingent Royalty Obligation
GainLossOnChangeInEstimatedFairValueOfContingentRoyaltyObligation
548000 usd
CY2021 mots Gain Loss On Change In Estimated Fair Value Of Contingent Royalty Obligation
GainLossOnChangeInEstimatedFairValueOfContingentRoyaltyObligation
-143000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
1809000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
3472000 usd
CY2022 mots Issuance Of Common Stock For Board Of Directors Compensation
IssuanceOfCommonStockForBoardOfDirectorsCompensation
235000 usd
CY2021 mots Issuance Of Common Stock For Board Of Directors Compensation
IssuanceOfCommonStockForBoardOfDirectorsCompensation
235000 usd
CY2021 us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
53000 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-237000 usd
CY2022 mots Impairment Of Inventory
ImpairmentOfInventory
598000 usd
CY2021 mots Impairment Of Inventory
ImpairmentOfInventory
443000 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
46000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
327000 usd
CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
262000 usd
CY2022 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-50000 usd
CY2021 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
74000 usd
CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1302000 usd
CY2021 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
274000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-12000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
413000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-650000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
303000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-330000 usd
CY2021 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-260000 usd
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
43000 usd
CY2021 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-50000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-17467000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-14422000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
224000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
470000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-224000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-470000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
10252000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
1900000 usd
CY2022 mots Fractional Shares Paid In Cash Pursuant To Reverse Stock Split
FractionalSharesPaidInCashPursuantToReverseStockSplit
11000 usd
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
11959000 usd
CY2021 us-gaap Proceeds From Issuance Of Convertible Preferred Stock
ProceedsFromIssuanceOfConvertiblePreferredStock
12000000 usd
CY2022 us-gaap Repayments Of Debt
RepaymentsOfDebt
703000 usd
CY2021 us-gaap Repayments Of Debt
RepaymentsOfDebt
8220000 usd
CY2021 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
563000 usd
CY2022 mots Payments For Equity Financing Fees
PaymentsForEquityFinancingFees
368000 usd
CY2021 mots Payments For Equity Financing Fees
PaymentsForEquityFinancingFees
440000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9170000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16636000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8521000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
1744000 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
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14042000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
22563000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
977000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
640000 usd
CY2021 mots Common Stock Issued To Settle Accrued Expenses For Board Of Directors Compensation
CommonStockIssuedToSettleAccruedExpensesForBoardOfDirectorsCompensation
56000 usd
CY2022 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
201000 usd
CY2021 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
140000 usd
CY2022 mots Purchase Of Fixed Assets In Prepaid Expenses
PurchaseOfFixedAssetsInPrepaidExpenses
4000 usd
CY2021 mots Purchase Of Fixed Assets In Prepaid Expenses
PurchaseOfFixedAssetsInPrepaidExpenses
75000 usd
CY2022 mots Purchase Of Property And Equipment In Accounts Payable And Accrued Expenses
PurchaseOfPropertyAndEquipmentInAccountsPayableAndAccruedExpenses
24000 usd
CY2021 mots Purchase Of Property And Equipment In Accounts Payable And Accrued Expenses
PurchaseOfPropertyAndEquipmentInAccountsPayableAndAccruedExpenses
4000 usd
CY2021 us-gaap Stock Issued1
StockIssued1
165000 usd
CY2021 mots Accrued End Of Loan Payment Recorded As Debt Discount
AccruedEndOfLoanPaymentRecordedAsDebtDiscount
140000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
66000 usd
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
184000 usd
CY2021 mots Prepayment Of Lease Obligation
PrepaymentOfLeaseObligation
17000 usd
CY2022 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_805_eus-gaap--NatureOfOperations_zuMoW7lMKl63" 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_z5irFm0SEbIl">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; background-color: white">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 the Pure-Vu EVS System and has commenced initial commercialization of this product. </span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company does not expect to generate significant revenue from product sales until it further expands its commercialization efforts, which is subject to significant uncertainty.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-18600000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14000000.0 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-141400000 usd
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_848_eus-gaap--UseOfEstimates_zLCh00ujSol8" 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><span id="xdx_86D_z4H5ycMaeLac">Basis of presentation and use of estimates</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">The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and include the accounts of the Company and its wholly owned subsidiaries, Motus Ltd., an Israel corporation, which has operations in Tirat Carmel, Israel, and Motus Inc., a Delaware corporation, which has operations in the U.S. All inter-company accounts and transactions have been eliminated in consolidation. Any reference in these notes to applicable guidance is meant to refer to the authoritative GAAP as found in the Accounting Standards Codification, or ASC, and Accounting Standards Updates, or ASUs, of the Financial Accounting Standards Board (“FASB”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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 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> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p>
CY2022 us-gaap Revenues
Revenues
592000 usd
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
540000 usd
CY2022 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
52000 usd
CY2021 us-gaap Revenues
Revenues
391000 usd
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
303000 usd
CY2021 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
88000 usd
CY2022 us-gaap Payments For Commissions
PaymentsForCommissions
96000 usd
CY2021 us-gaap Payments For Commissions
PaymentsForCommissions
35000 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2022 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 approximately $126 and a 2% increase in the discount rate would decrease the liability by approximately $112.
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
697000 usd
CY2021Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
569000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
155000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
548000 usd
CY2021Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
292000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
401000 usd
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
365000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
999000 usd
CY2021Q4 us-gaap Inventory Net
InventoryNet
496000 usd
CY2022Q4 mots Inventory Current
InventoryCurrent
488000 usd
CY2021Q4 mots Inventory Current
InventoryCurrent
496000 usd
CY2022Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
511000 usd
CY2022 mots Cost Of Revenue Impairment Of Inventory
CostOfRevenueImpairmentOfInventory
598000 usd
CY2021 mots Cost Of Revenue Impairment Of Inventory
CostOfRevenueImpairmentOfInventory
443000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3218000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2818000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1893000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1390000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1325000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1428000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
510000 usd
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
439000 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
46000 usd
CY2022 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.
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
92000 usd
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
139000 usd
CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
120000 usd
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
119000 usd
CY2022 us-gaap Lease Cost
LeaseCost
212000 usd
CY2021 us-gaap Lease Cost
LeaseCost
258000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
428000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
687000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
245000 usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
307000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
178000 usd
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
385000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
423000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
692000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M14D
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y5M26D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0736 pure
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0766 pure
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
212000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
258000 usd
CY2022 us-gaap Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
242000 usd
CY2021 us-gaap Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
189000 usd
CY2022 mots Loss On Change In Fair Value Of Contingent Royalty Obligation
LossOnChangeInFairValueOfContingentRoyaltyObligation
548000 usd
CY2021 mots Loss On Change In Fair Value Of Contingent Royalty Obligation
LossOnChangeInFairValueOfContingentRoyaltyObligation
143000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
266000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
176000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
7000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
449000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
26000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
423000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
342000 usd
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
324000 usd
CY2022 us-gaap Interest Expense Other
InterestExpenseOther
1001000 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
330000 usd
CY2022 us-gaap Interest Expense
InterestExpense
1331000 usd
us-gaap Proceeds From Royalties Received
ProceedsFromRoyaltiesReceived
1332000 usd
CY2022Q4 mots London Interbank Offered Rate
LondonInterbankOfferedRate
1426000 usd
CY2021Q4 mots London Interbank Offered Rate
LondonInterbankOfferedRate
1419000 usd
CY2022 mots Royalties Percentage
RoyaltiesPercentage
0.04 pure
CY2022 mots Net Sales Percentage
NetSalesPercentage
0.03 pure
CY2022 mots Licensing Percentage
LicensingPercentage
0.05 pure
CY2022 us-gaap Proceeds From Royalties Received
ProceedsFromRoyaltiesReceived
30000000 usd
CY2022 us-gaap Proceeds From Royalties Received
ProceedsFromRoyaltiesReceived
30000000 usd
CY2022Q4 mots Contingent Royalty Obligation Non Current
ContingentRoyaltyObligationNonCurrent
1212000 usd
CY2021Q4 mots Contingent Royalty Obligation Non Current
ContingentRoyaltyObligationNonCurrent
1760000 usd
CY2022 us-gaap Severance Costs1
SeveranceCosts1
1408000 usd
CY2022 us-gaap Manufacturing Costs
ManufacturingCosts
41000 usd
CY2022 mots License Fees
LicenseFees
242000 usd
CY2021 mots License Fees
LicenseFees
189000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
1809000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
3472000 usd
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y9M18D
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y9M18D
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.9921 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
1.0624 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0210 pure
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0077 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
8.62
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
26.4
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
26 shares
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
37400000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
27200000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
37400000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
27200000 usd
CY2022 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
10200000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
14614000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
5281000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
18813000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
19354000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1735000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1732000 usd
CY2022Q4 mots Deferred Tax Asset Deferred Expense Capitalized Research And Development Costs
DeferredTaxAssetDeferredExpenseCapitalizedResearchAndDevelopmentCosts
2246000 usd
CY2021Q4 mots Deferred Tax Asset Deferred Expense Capitalized Research And Development Costs
DeferredTaxAssetDeferredExpenseCapitalizedResearchAndDevelopmentCosts
218000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
681000 usd
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
831000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
38089000 usd
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
27416000 usd
CY2022Q4 mots Deferred Tax Liabilities Accelerated Research And Development Expense
DeferredTaxLiabilitiesAcceleratedResearchAndDevelopmentExpense
548000 usd
CY2022Q4 mots Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
109000 usd
CY2021Q4 mots Deferred Tax Liabilities Right Of Use Asset
DeferredTaxLiabilitiesRightOfUseAsset
158000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
34000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
14000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
691000 usd
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
172000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
37398000 usd
CY2021Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
27244000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
37398000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
27244000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.066 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.020 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.008 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.009 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.027 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.019 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
-0.107 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Other Reconciling Items Percent
EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent
0.025 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.150 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
-0.245 pure
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
134100000 usd
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
119600000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Research And Development
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment
4900000 usd
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
8800000 usd
CY2021Q4 mots Operating Loss Carryforwards Utilization Limitation
OperatingLossCarryforwardsUtilizationLimitation
3700000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
26875000 usd
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
18420000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
25464000 usd
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
17009000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
81794000 usd
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
84148000 usd
CY2022 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
134133000 usd
CY2021 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
119577000 usd
CY2022 mots Expire Date Description
ExpireDateDescription
begin to expire after 2036 through 2042

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