2023 Q4 Form 10-Q Financial Statement

#000149315223040502 Filed on November 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3 2022 Q3
Revenue $64.00K $86.00K $278.0K
YoY Change -41.28% -69.06% 97.16%
Cost Of Revenue $286.0K $22.00K $83.00K
YoY Change -39.28% -73.49% 27.69%
Gross Profit -$222.0K $64.00K $195.0K
YoY Change -38.67% -67.18% 156.58%
Gross Profit Margin -346.88% 74.42% 70.14%
Selling, General & Admin $1.689M $1.739M $3.327M
YoY Change -27.04% -47.73% 9.44%
% of Gross Profit 2717.19% 1706.15%
Research & Development $561.0K $693.0K $1.573M
YoY Change -58.44% -55.94% 32.52%
% of Gross Profit 1082.81% 806.67%
Depreciation & Amortization $110.0K $110.0K $128.0K
YoY Change -14.73% -14.06% 8.47%
% of Gross Profit 171.88% 65.64%
Operating Expenses $2.250M $2.432M $4.900M
YoY Change -38.61% -50.37% 15.92%
Operating Profit -$2.472M -$2.394M -$4.705M
YoY Change -38.61% -49.12% 13.35%
Interest Expense $211.00 $281.0K $338.0K
YoY Change -99.94% -16.86% -232.55%
% of Operating Profit
Other Income/Expense, Net $0.00
YoY Change -100.0%
Pretax Income -$2.805M -$2.680M -$4.964M
YoY Change -23.82% -46.01% 2.9%
Income Tax
% Of Pretax Income
Net Earnings -$2.805M -$2.679M -$4.964M
YoY Change -23.82% -46.03% 2.9%
Net Earnings / Revenue -4382.81% -3115.12% -1785.61%
Basic Earnings Per Share -$4.28 -$1.69
Diluted Earnings Per Share -$1.57 -$4.28 -$1.690M
COMMON SHARES
Basic Shares Outstanding 578.5K shares 5.893M shares 2.997M shares
Diluted Shares Outstanding 626.5K shares 183.9K shares

Balance Sheet

Concept 2023 Q4 2023 Q3 2022 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.958M $5.720M $13.29M
YoY Change -64.69% -56.97% -43.79%
Cash & Equivalents $5.000M $5.700M $13.29M
Short-Term Investments
Other Short-Term Assets $227.0K $510.0K $1.018M
YoY Change -70.93% -49.9% 92.08%
Inventory $496.0K $781.0K $1.014M
Prepaid Expenses
Receivables $76.00K $102.0K $161.0K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.757M $6.742M $15.49M
YoY Change -62.54% -56.47% -37.75%
LONG-TERM ASSETS
Property, Plant & Equipment $992.0K $1.101M $1.395M
YoY Change -25.13% -21.08% -36.21%
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% 0.0%
Total Long-Term Assets $1.466M $1.749M $1.879M
YoY Change -35.62% -6.92% -14.59%
TOTAL ASSETS
Total Short-Term Assets $5.757M $6.742M $15.49M
Total Long-Term Assets $1.466M $1.749M $1.879M
Total Assets $7.223M $8.491M $17.37M
YoY Change -59.07% -51.11% -35.87%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.842M $1.470M $2.696M
YoY Change -6.45% -45.47% 15.36%
Accrued Expenses $169.0K $220.0K $248.0K
YoY Change -31.02% -11.29% -17.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.033M $2.781M $2.453M
YoY Change -59.2% 13.37%
Total Short-Term Liabilities $3.270M $4.529M $5.467M
YoY Change -31.86% -17.16% 106.61%
LONG-TERM LIABILITIES
Long-Term Debt $1.239M $2.470M $5.251M
YoY Change -73.0% -52.96% -37.68%
Other Long-Term Liabilities $27.00K $30.00K $2.009M
YoY Change -98.06% -98.51% -9.75%
Total Long-Term Liabilities $1.239M $2.470M $5.251M
YoY Change -73.0% -52.96% -50.7%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.270M $4.529M $5.467M
Total Long-Term Liabilities $1.239M $2.470M $5.251M
Total Liabilities $4.536M $10.97M $16.60M
YoY Change -69.08% -33.94% 24.86%
SHAREHOLDERS EQUITY
Retained Earnings -$154.2M -$151.4M -$137.7M
YoY Change 9.05% 9.97%
Common Stock $0.00 $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.687M -$2.478M $762.0K
YoY Change
Total Liabilities & Shareholders Equity $7.223M $8.491M $17.37M
YoY Change -59.07% -51.11% -35.87%

Cashflow Statement

Concept 2023 Q4 2023 Q3 2022 Q3
OPERATING ACTIVITIES
Net Income -$2.805M -$2.679M -$4.964M
YoY Change -23.82% -46.03% 2.9%
Depreciation, Depletion And Amortization $110.0K $110.0K $128.0K
YoY Change -14.73% -14.06% 8.47%
Cash From Operating Activities -$1.856M -$1.970M -$3.618M
YoY Change -54.04% -45.55% 24.33%
INVESTING ACTIVITIES
Capital Expenditures $4.000K $10.00K -$166.0K
YoY Change -55.56% -106.02% 6.41%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$4.000K -$10.00K -$166.0K
YoY Change -55.56% -93.98% 6.41%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.090M -820.0K 1.321M
YoY Change -77.27% -162.07% 289.68%
NET CHANGE
Cash From Operating Activities -1.856M -1.970M -3.618M
Cash From Investing Activities -4.000K -10.00K -166.0K
Cash From Financing Activities 1.090M -820.0K 1.321M
Net Change In Cash -766.0K -2.800M -2.463M
YoY Change -202.41% 13.68% -9.68%
FREE CASH FLOW
Cash From Operating Activities -$1.856M -$1.970M -$3.618M
Capital Expenditures $4.000K $10.00K -$166.0K
Free Cash Flow -$1.860M -$1.980M -$3.452M
YoY Change -54.04% -42.64% 25.34%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2023Q3 us-gaap Common Stock Value
CommonStockValue
usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
dei Amendment Flag
AmendmentFlag
false
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Central Index Key
EntityCentralIndexKey
0001686850
CY2023Q3 MOTS Contingent Royalty Obligation
ContingentRoyaltyObligation
usd
CY2023Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
usd
CY2022Q3 MOTS Costs Of Revenue Impairment Of Inventory
CostsOfRevenueImpairmentOfInventory
usd
CY2023Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
usd
CY2023Q3 MOTS Stock Issued During Period Value Issuance Of Common Shares Upon Exercise Of Warrants
StockIssuedDuringPeriodValueIssuanceOfCommonSharesUponExerciseOfWarrants
usd
CY2022Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
usd
CY2022Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
usd
CY2022Q3 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
usd
MOTS Issuance Of Common Stock For Board Of Directors Compensation
IssuanceOfCommonStockForBoardOfDirectorsCompensation
usd
us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
usd
MOTS Fractional Shares Paid In Cash Pursuant To Reverse Stock Split
FractionalSharesPaidInCashPursuantToReverseStockSplit
usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
usd
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
usd
MOTS Common Stock Issued For Prepaid Board Of Directors Compensation
CommonStockIssuedForPrepaidBoardOfDirectorsCompensation
usd
MOTS Purchase Of Fixed Assets In Prepaid Expenses
PurchaseOfFixedAssetsInPrepaidExpenses
usd
MOTS Purchase Of Property And Equipment In Accounts Payable And Accrued Expenses
PurchaseOfPropertyAndEquipmentInAccountsPayableAndAccruedExpenses
usd
MOTS Extinguishment Of Contingent Royalty Obligation
ExtinguishmentOfContingentRoyaltyObligation
usd
MOTS Operating Lease Liabilities Arising From Obtaining Rightofuse Assets
OperatingLeaseLiabilitiesArisingFromObtainingRightofuseAssets
usd
MOTS Noncash Issuance Costs From Private Placement
NoncashIssuanceCostsFromPrivatePlacement
usd
MOTS Rightofuse Asset Obtained In Exchange For Lease Obligation
RightofuseAssetObtainedInExchangeForLeaseObligation
usd
dei Document Type
DocumentType
10-Q
dei Document Quarterly Report
DocumentQuarterlyReport
true
dei Document Period End Date
DocumentPeriodEndDate
2023-09-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2023
dei Document Transition Report
DocumentTransitionReport
false
dei Entity File Number
EntityFileNumber
001-38389
dei Entity Registrant Name
EntityRegistrantName
Motus GI Holdings, Inc.
dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
dei Entity Tax Identification Number
EntityTaxIdentificationNumber
81-4042793
dei Entity Address Address Line1
EntityAddressAddressLine1
1301 East Broward Boulevard
dei Entity Address Address Line2
EntityAddressAddressLine2
3rd Floor
dei Entity Address City Or Town
EntityAddressCityOrTown
Ft. Lauderdale
dei Entity Address State Or Province
EntityAddressStateOrProvince
FL
dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
33301
dei City Area Code
CityAreaCode
(954)
dei Local Phone Number
LocalPhoneNumber
541 8000
dei Security12b Title
Security12bTitle
Common Stock, $0.0001 par value per share
dei Trading Symbol
TradingSymbol
MOTS
dei Security Exchange Name
SecurityExchangeName
NASDAQ
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
dei Entity Small Business
EntitySmallBusiness
true
dei Entity Emerging Growth Company
EntityEmergingGrowthCompany
true
dei Entity Ex Transition Period
EntityExTransitionPeriod
true
dei Entity Shell Company
EntityShellCompany
false
CY2023Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
578515 shares
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5724000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
14042000 usd
CY2023Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
102000 usd
CY2022Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
59000 usd
CY2023Q3 MOTS Inventory Current
InventoryCurrent
407000 usd
CY2022Q4 MOTS Inventory Current
InventoryCurrent
488000 usd
CY2023Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
509000 usd
CY2022Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
781000 usd
CY2023Q3 us-gaap Assets Current
AssetsCurrent
6742000 usd
CY2022Q4 us-gaap Assets Current
AssetsCurrent
15370000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1101000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1325000 usd
CY2023Q3 us-gaap Inventory Noncurrent
InventoryNoncurrent
374000 usd
CY2022Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
511000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
261000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
428000 usd
CY2023Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
13000 usd
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
13000 usd
CY2023Q3 us-gaap Assets
Assets
8491000 usd
CY2022Q4 us-gaap Assets
Assets
17647000 usd
CY2023Q3 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1466000 usd
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
1969000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
220000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
245000 usd
CY2023Q3 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
62000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
53000 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
132000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Current
DebtInstrumentUnamortizedDiscountCurrent
182000 usd
CY2023Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
2781000 usd
CY2022Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
2532000 usd
CY2023Q3 us-gaap Liabilities Current
LiabilitiesCurrent
4529000 usd
CY2022Q4 us-gaap Liabilities Current
LiabilitiesCurrent
4799000 usd
CY2022Q4 MOTS Contingent Royalty Obligation
ContingentRoyaltyObligation
1212000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
34000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
178000 usd
CY2023Q3 MOTS Convertible Debt Unamortized Discount Noncurrent
ConvertibleDebtUnamortizedDiscountNoncurrent
64000 usd
CY2022Q4 MOTS Convertible Debt Unamortized Discount Noncurrent
ConvertibleDebtUnamortizedDiscountNoncurrent
108000 usd
CY2023Q3 MOTS Convertible Note Noncurrent
ConvertibleNoteNoncurrent
3936000 usd
CY2022Q4 MOTS Convertible Note Noncurrent
ConvertibleNoteNoncurrent
3892000 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
44000 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Noncurrent
DebtInstrumentUnamortizedDiscountNoncurrent
135000 usd
CY2023Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2470000 usd
CY2022Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
4589000 usd
CY2023Q3 us-gaap Liabilities
Liabilities
10969000 usd
CY2022Q4 us-gaap Liabilities
Liabilities
14670000 usd
CY2023Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2023Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
115000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
115000000 shares
CY2023Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
530449 shares
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
530449 shares
CY2022Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
310494 shares
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
310494 shares
CY2023Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
148935000 usd
CY2022Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
144328000 usd
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-151413000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-141351000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-2478000 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
2977000 usd
CY2023Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
8491000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
17647000 usd
CY2023Q3 us-gaap Revenues
Revenues
86000 usd
CY2022Q3 us-gaap Revenues
Revenues
278000 usd
us-gaap Revenues
Revenues
255000 usd
us-gaap Revenues
Revenues
483000 usd
CY2023Q3 us-gaap Cost Of Revenue
CostOfRevenue
22000 usd
CY2022Q3 us-gaap Cost Of Revenue
CostOfRevenue
83000 usd
us-gaap Cost Of Revenue
CostOfRevenue
62000 usd
us-gaap Cost Of Revenue
CostOfRevenue
166000 usd
CY2023Q3 MOTS Costs Of Revenue Impairment Of Inventory
CostsOfRevenueImpairmentOfInventory
26000 usd
MOTS Costs Of Revenue Impairment Of Inventory
CostsOfRevenueImpairmentOfInventory
221000 usd
MOTS Costs Of Revenue Impairment Of Inventory
CostsOfRevenueImpairmentOfInventory
159000 usd
CY2023Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
693000 usd
CY2022Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
1573000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
2906000 usd
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
4261000 usd
CY2023Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
188000 usd
CY2022Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1349000 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1367000 usd
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
3554000 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1551000 usd
CY2022Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1978000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
5134000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
6167000 usd
CY2023Q3 us-gaap Costs And Expenses
CostsAndExpenses
2480000 usd
CY2022Q3 us-gaap Costs And Expenses
CostsAndExpenses
4983000 usd
us-gaap Costs And Expenses
CostsAndExpenses
9690000 usd
us-gaap Costs And Expenses
CostsAndExpenses
14307000 usd
CY2023Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-2394000 usd
CY2022Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-4705000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-9435000 usd
us-gaap Operating Income Loss
OperatingIncomeLoss
-13824000 usd
CY2023Q3 MOTS Gain Loss On Changes In Fair Value Of Contingent Royalty Obligation
GainLossOnChangesInFairValueOfContingentRoyaltyObligation
53000 usd
CY2022Q3 MOTS Gain Loss On Changes In Fair Value Of Contingent Royalty Obligation
GainLossOnChangesInFairValueOfContingentRoyaltyObligation
-34000 usd
MOTS Gain Loss On Changes In Fair Value Of Contingent Royalty Obligation
GainLossOnChangesInFairValueOfContingentRoyaltyObligation
-103000 usd
MOTS Gain Loss On Changes In Fair Value Of Contingent Royalty Obligation
GainLossOnChangesInFairValueOfContingentRoyaltyObligation
29000 usd
CY2023Q3 MOTS Finance Income Expense Net
FinanceIncomeExpenseNet
222000 usd
CY2022Q3 MOTS Finance Income Expense Net
FinanceIncomeExpenseNet
310000 usd
MOTS Finance Income Expense Net
FinanceIncomeExpenseNet
707000 usd
MOTS Finance Income Expense Net
FinanceIncomeExpenseNet
1001000 usd
CY2023Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-10000 usd
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
17000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-23000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-61000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-2679000 usd
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-4964000 usd
us-gaap Net Income Loss
NetIncomeLoss
-10062000 usd
us-gaap Net Income Loss
NetIncomeLoss
-14915000 usd
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-4.28
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-4.28
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-26.99
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-26.99
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-20.80
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-20.80
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-80.97
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-80.97
CY2023Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
626470 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
626470 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
183897 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
183897 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
483711 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
483711 shares
us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
184210 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
184210 shares
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
2977000 usd
CY2023Q1 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
19000 usd
CY2023Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
102000 usd
CY2023Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
222000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-4386000 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
-1085000 usd
CY2023Q2 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
731000 usd
CY2023Q2 MOTS Stock Issued During Period Value Private Placement Offering Net Of Financing Fees
StockIssuedDuringPeriodValuePrivatePlacementOfferingNetOfFinancingFees
3070000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
49000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-2997000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
-963000 usd
CY2023Q3 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
38000 usd
CY2023Q3 MOTS Stock Issued During Period Value Issuance Of Common Shares Upon Extinguishment Of Contingent Royalty Obligation
StockIssuedDuringPeriodValueIssuanceOfCommonSharesUponExtinguishmentOfContingentRoyaltyObligation
1071 usd
CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
93000 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-2679000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
-2478000 usd
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 Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
6000 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
CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
3972000 usd
CY2022Q3 us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
55000 usd
CY2022Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
1324000 usd
CY2022Q3 MOTS Stock Issued During Period Value Fractional Shares Settled In Cash Pursuant To Reverse Stock Split Value
StockIssuedDuringPeriodValueFractionalSharesSettledInCashPursuantToReverseStockSplitValue
-11 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
us-gaap Net Income Loss
NetIncomeLoss
-10062000 usd
us-gaap Net Income Loss
NetIncomeLoss
-14915000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
341000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
381000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
184000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
195000 usd
MOTS Gain Loss On Change In Estimated Fair Value Of Contingent Royalty Obligation
GainLossOnChangeInEstimatedFairValueOfContingentRoyaltyObligation
103000 usd
MOTS Gain Loss On Change In Estimated Fair Value Of Contingent Royalty Obligation
GainLossOnChangeInEstimatedFairValueOfContingentRoyaltyObligation
-29000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
364000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1423000 usd
MOTS Issuance Of Common Stock For Board Of Directors Compensation
IssuanceOfCommonStockForBoardOfDirectorsCompensation
177000 usd
MOTS Impairment Of Inventory
ImpairmentOfInventory
221000 usd
MOTS Impairment Of Inventory
ImpairmentOfInventory
159000 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
176000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
253000 usd
MOTS Loss On Lease Termination
LossOnLeaseTermination
11000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
43000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
52000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
16000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
843000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-266000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
167000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-503000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
79000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-183000 usd
us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-255000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
9000 usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
61000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-9338000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-13429000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
104000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
215000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-104000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-215000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
121000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
4544000 usd
MOTS Fractional Shares Paid In Cash Pursuant To Reverse Stock Split
FractionalSharesPaidInCashPursuantToReverseStockSplit
11000 usd
us-gaap Repayments Of Debt
RepaymentsOfDebt
2010000 usd
us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
3537000 usd
MOTS Equity Financing Fees
EquityFinancingFees
-524000 usd
MOTS Equity Financing Fees
EquityFinancingFees
-158000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1124000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
4375000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8318000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9269000 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
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5724000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
13294000 usd
us-gaap Interest Paid Net
InterestPaidNet
690000 usd
us-gaap Interest Paid Net
InterestPaidNet
779000 usd
MOTS Common Stock Issued For Prepaid Board Of Directors Compensation
CommonStockIssuedForPrepaidBoardOfDirectorsCompensation
58000 usd
MOTS Purchase Of Fixed Assets In Inventory
PurchaseOfFixedAssetsInInventory
13000 usd
MOTS Purchase Of Fixed Assets In Inventory
PurchaseOfFixedAssetsInInventory
163000 usd
MOTS Purchase Of Fixed Assets In Prepaid Expenses
PurchaseOfFixedAssetsInPrepaidExpenses
4000 usd
MOTS Purchase Of Property And Equipment In Accounts Payable And Accrued Expenses
PurchaseOfPropertyAndEquipmentInAccountsPayableAndAccruedExpenses
12000 usd
MOTS Financing Fees Included In Accounts Payable And Accrued Expenses
FinancingFeesIncludedInAccountsPayableAndAccruedExpenses
38000 usd
MOTS Financing Fees Included In Accounts Payable And Accrued Expenses
FinancingFeesIncludedInAccountsPayableAndAccruedExpenses
13000 usd
MOTS Extinguishment Of Contingent Royalty Obligation
ExtinguishmentOfContingentRoyaltyObligation
1109000 usd
MOTS Operating Lease Liabilities Arising From Obtaining Rightofuse Assets
OperatingLeaseLiabilitiesArisingFromObtainingRightofuseAssets
3000 usd
MOTS Noncash Issuance Costs From Private Placement
NoncashIssuanceCostsFromPrivatePlacement
264000 usd
MOTS Rightofuse Asset Obtained In Exchange For Lease Obligation
RightofuseAssetObtainedInExchangeForLeaseObligation
69000 usd
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80A_eus-gaap--NatureOfOperations_zqN7IOyQDgd7" 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_82A_zZseW7Jhi4il">Description of Business</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Motus GI Holdings, Inc. (the “Company”) was incorporated in Delaware, U.S.A. in September 2016. The Company and its subsidiaries, Motus GI Technologies, Ltd. and Motus GI, LLC, are collectively referred to as “Motus GI” or the “Company”.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has developed the Pure-Vu System, a medical device that has been cleared by the U.S. Food and Drug Administration (the “FDA”) to help facilitate the cleansing of a poorly prepared gastrointestinal tract during colonoscopy and to help facilitate upper gastrointestinal (“GI”) endoscopy procedures. The Pure-Vu System has received a CE Mark in the EU for use in colonoscopy. The Pure-Vu System integrates with standard and slim colonoscopes, as well as gastroscopes, to improve visualization during colonoscopy and upper GI procedures while preserving established procedural workflow and techniques. Through irrigation and evacuation of debris, the Pure-Vu System is designed to provide better-quality exams. The Company received 510(k) clearance in October 2023 from the FDA for the Pure-Vu EVS System for use in the Upper GI tract and Gen 4 Colon and will commence market introduction of this product in the coming months. Both devices leverage the same Workstation and feature key enhancements such as a larger and more powerful suction channel, more efficient irrigation jets, a smaller profile distal tip that offers enhanced flexibility during insertion, enhanced navigation and a much easier bed side set up. The Company does not expect to generate significant revenue from product sales until it further expands its commercialization efforts, which is subject to significant uncertainty.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 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"> </span></p>
us-gaap Net Income Loss
NetIncomeLoss
-10100000 usd
MOTS Net Cash Used In Operating Activities
NetCashUsedInOperatingActivities
-9300000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5700000 usd
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-151400000 usd
CY2023Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
35000 shares
CY2023Q4 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
On November 2, 2023, the Company effected a reverse stock split of its issued and outstanding common stock, par value $0.0001 per share, at a ratio of 1-for-15 (the “2023 Reverse Stock Split”)
us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_84D_eus-gaap--UseOfEstimates_zS3FYHF5rAZ" 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_zxYlfTeQP8gi">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 preparation of the unaudited condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><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"> </span></p>
CY2023Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
375811 shares
CY2022Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
54510 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
375811 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
54510 shares
MOTS Rate Of Royalty Payment
RateOfRoyaltyPayment
0.03 pure
CY2022 MOTS Rate Of Royalty Payment
RateOfRoyaltyPayment
0.03 pure
CY2023Q3 MOTS Cost Of Revenue Impairment Of Inventory
CostOfRevenueImpairmentOfInventory
26000 usd
MOTS Cost Of Revenue Impairment Of Inventory
CostOfRevenueImpairmentOfInventory
221000 usd
CY2022Q3 MOTS Cost Of Revenue Impairment Of Inventory
CostOfRevenueImpairmentOfInventory
0 usd
MOTS Cost Of Revenue Impairment Of Inventory
CostOfRevenueImpairmentOfInventory
159000 usd
CY2023Q3 MOTS Operating Lease Cost Net
OperatingLeaseCostNet
-36000 usd
CY2022Q3 MOTS Operating Lease Cost Net
OperatingLeaseCostNet
16000 usd
MOTS Operating Lease Cost Net
OperatingLeaseCostNet
-18000 usd
CY2023Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
554000 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
697000 usd
CY2023Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
177000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
155000 usd
CY2023Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
672000 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
548000 usd
CY2023Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
622000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
401000 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
781000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
999000 usd
CY2023Q3 MOTS Inventory Current
InventoryCurrent
407000 usd
CY2022Q4 MOTS Inventory Current
InventoryCurrent
488000 usd
CY2023Q3 us-gaap Inventory Noncurrent
InventoryNoncurrent
374000 usd
CY2022Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
511000 usd
CY2023Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3335000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3218000 usd
CY2023Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2234000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1893000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1101000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1325000 usd
CY2023Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
111000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
341000 usd
CY2022Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
128000 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
381000 usd
CY2022Q3 us-gaap Asset Impairment Charges
AssetImpairmentCharges
10000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
46000 usd
MOTS Operating Lease Cost Net
OperatingLeaseCostNet
78000 usd
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
103000 usd
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
30000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
167000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
90000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
67000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
46000 usd
us-gaap Lease Cost
LeaseCost
149000 usd
us-gaap Lease Cost
LeaseCost
168000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
261000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
428000 usd
CY2023Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
220000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
245000 usd
CY2023Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
34000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
178000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
254000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
423000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y4M9D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M14D
CY2023Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0733 pure
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0736 pure
CY2023Q3 us-gaap Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
67000 usd
CY2022Q3 us-gaap Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
66000 usd
us-gaap Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
202000 usd
us-gaap Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
173000 usd
us-gaap Interest Expense Other
InterestExpenseOther
690000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
184000 usd
us-gaap Interest Expense
InterestExpense
874000 usd
CY2023Q3 us-gaap Interest Expense Other
InterestExpenseOther
220000 usd
CY2023Q3 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
61000 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
281000 usd
CY2023Q3 us-gaap Debt Conversion Converted Instrument Shares Issued1
DebtConversionConvertedInstrumentSharesIssued1
88221 shares
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
8821 shares
MOTS Gain Loss On Settlement Equity Additional Paid In Capital
GainLossOnSettlementEquityAdditionalPaidInCapital
<p id="xdx_89A_ecustom--GainLossOnSettlementEquityAdditionalPaidInCapital_zBLoTTZh0bA7" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><span style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_8BD_zr5gEVwF8Gzk"> Schedule of Extinguishment of Royalty Obligation</span></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49D_20230101__20230912_zzrSOBRcQnSe" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Extinguishment of Royalty</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Obligation </b></span></p></td><td style="padding-bottom: 1.5pt"> </td></tr> <tr id="xdx_403_ecustom--ContingentRoyaltyObligation_i01S_pn3n3_maLzgSy_zbze0jKEnCof" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 82%; text-align: justify">Balance at December 31, 2022</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 14%; text-align: right">1,212</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_ecustom--GainLossOnChangeInEstimatedFairValueOfContingentRoyaltyObligation_iN_pn3n3_di_msNCPBUzwDp_zvpXnmiRSun7" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1.5pt">Change in estimated fair value of royalty obligation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(103</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_406_ecustom--ContingentRoyaltyObligation_i01E_pn3n3_maLzgSy_zgD7qcvCKkF7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt">Balance at September 12, 2023</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,109</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_407_ecustom--ContingentRoyaltyObligation_i01E_pn3n3_maLzgSy_z71M4jCmwFLa" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt">Contingent royalty obligation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1,109</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--CommonStockExchangedForExtinguishmentOfRoyaltyObligation_i01N_pn3n3_di_z60xPuY9YB12" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1.5pt">Less fair value of common stock exchanged for extinguishment of royalty obligation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">711</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--GainsLossesOnExtinguishmentOfDebt_i01_pn3n3_zXRMmoiGa397" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 2.5pt">Gain on extinguishment – recorded within additional paid-in-capital</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">398</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>
CY2022Q4 MOTS Contingent Royalty Obligation
ContingentRoyaltyObligation
1212000 usd
MOTS Gain Loss On Change In Estimated Fair Value Of Contingent Royalty Obligation
GainLossOnChangeInEstimatedFairValueOfContingentRoyaltyObligation
103000 usd
CY2023Q3 MOTS Contingent Royalty Obligation
ContingentRoyaltyObligation
1109000 usd
CY2023Q3 MOTS Contingent Royalty Obligation
ContingentRoyaltyObligation
1109000 usd
MOTS Common Stock Exchanged For Extinguishment Of Royalty Obligation
CommonStockExchangedForExtinguishmentOfRoyaltyObligation
-711000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
398000 usd
CY2023Q3 MOTS License Fees
LicenseFees
67000 usd
MOTS License Fees
LicenseFees
202000 usd
CY2022Q3 MOTS License Fees
LicenseFees
66000 usd
MOTS License Fees
LicenseFees
173000 usd
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
93000 usd
CY2022Q3 us-gaap Share Based Compensation
ShareBasedCompensation
441000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
364000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
1423000 usd
CY2023Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
0.0001
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
0 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
26000 usd
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
35000 shares
CY2023Q1 us-gaap Restructuring And Related Cost Description
RestructuringAndRelatedCostDescription
the Company commenced a strategic restructuring program aimed at capital preservation. In April 2023, the Company approved the implementation of additional cost cutting measures, including an executive reorganization and other cuts in clinical expenses, in connection with its ongoing efforts to reduce operating expenses. In addition, the non-management members of the Board agreed to defer their Board fees until a future date
CY2023Q3 us-gaap Restructuring Charges
RestructuringCharges
94000 usd
us-gaap Restructuring Charges
RestructuringCharges
1517000 usd

Files In Submission

Name View Source Status
0001493152-23-040502-index-headers.html Edgar Link pending
0001493152-23-040502-index.html Edgar Link pending
0001493152-23-040502.txt Edgar Link pending
0001493152-23-040502-xbrl.zip Edgar Link pending
ex31-1.htm Edgar Link pending
ex31-2.htm Edgar Link pending
ex31-3.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-20230930.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
FilingSummary.xml Edgar Link unprocessable
mots-20230930_cal.xml Edgar Link unprocessable
mots-20230930_def.xml Edgar Link unprocessable
mots-20230930_lab.xml Edgar Link unprocessable
mots-20230930_pre.xml Edgar Link unprocessable
form10-q_htm.xml Edgar Link completed
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
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending