2024 Q1 Form 10-K Financial Statement

#000149315224010314 Filed on March 18, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4 2023
Revenue $64.00K $64.00K $319.0K
YoY Change 14.29% -41.28% -46.11%
Cost Of Revenue $12.00K $286.0K $81.00K
YoY Change 33.33% -39.28% -59.09%
Gross Profit $52.00K -$222.0K $238.0K
YoY Change 10.64% -38.67% -39.59%
Gross Profit Margin 81.25% -346.88% 74.61%
Selling, General & Admin $1.623M $1.689M $8.190M
YoY Change -41.77% -27.04% -31.95%
% of Gross Profit 3121.15% 3441.18%
Research & Development $455.0K $561.0K $3.467M
YoY Change -68.71% -58.44% -38.21%
% of Gross Profit 875.0% 1456.72%
Depreciation & Amortization $95.00K $110.0K $451.0K
YoY Change -18.8% -14.73% -11.57%
% of Gross Profit 182.69% 189.5%
Operating Expenses $2.078M $2.250M $11.66M
YoY Change -51.0% -38.61% -33.94%
Operating Profit -$2.026M -$2.472M -$11.91M
YoY Change -53.52% -38.61% -33.3%
Interest Expense $85.00K $211.00 $947.0K
YoY Change -72.4% -99.94% -28.85%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$2.113M -$2.805M -$12.87M
YoY Change -51.82% -23.82% -30.81%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$2.100M -$2.805M -$12.90M
YoY Change -52.27% -23.82% -30.65%
Net Earnings / Revenue -3281.25% -4382.81% -4043.89%
Basic Earnings Per Share -$0.88 -$15.89
Diluted Earnings Per Share -$0.88 -$1.57 -$15.89
COMMON SHARES
Basic Shares Outstanding 5.031M shares 578.5K shares
Diluted Shares Outstanding 8.613M shares 809.5K shares

Balance Sheet

Concept 2024 Q1 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.944M $4.958M $4.958M
YoY Change -42.83% -64.69% -64.69%
Cash & Equivalents $4.900M $5.000M $4.958M
Short-Term Investments
Other Short-Term Assets $497.0K $227.0K $227.0K
YoY Change -54.53% -70.93% -70.93%
Inventory $479.0K $496.0K $496.0K
Prepaid Expenses
Receivables $81.00K $76.00K $76.00K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $5.750M $5.757M $5.757M
YoY Change -43.94% -62.54% -62.54%
LONG-TERM ASSETS
Property, Plant & Equipment $897.0K $992.0K $1.202M
YoY Change -27.49% -25.13% -31.43%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $13.00K $13.00K $264.0K
YoY Change 0.0% 0.0% -49.62%
Total Long-Term Assets $1.316M $1.466M $1.466M
YoY Change -33.33% -35.62% -35.62%
TOTAL ASSETS
Total Short-Term Assets $5.750M $5.757M $5.757M
Total Long-Term Assets $1.316M $1.466M $1.466M
Total Assets $7.066M $7.223M $7.223M
YoY Change -42.23% -59.07% -59.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.495M $1.842M $1.842M
YoY Change 1.56% -6.45% -6.45%
Accrued Expenses $116.0K $169.0K $169.0K
YoY Change -53.23% -31.02% -31.02%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $1.632M $1.033M $1.033M
YoY Change -37.5% -59.2% -59.2%
Total Short-Term Liabilities $3.309M $3.270M $3.270M
YoY Change -24.42% -31.86% -31.86%
LONG-TERM LIABILITIES
Long-Term Debt $669.0K $1.239M $1.239M
YoY Change -82.86% -73.0% -85.39%
Other Long-Term Liabilities $21.00K $27.00K $27.00K
YoY Change -98.14% -98.06% -98.06%
Total Long-Term Liabilities $669.0K $1.239M $1.266M
YoY Change -82.86% -73.0% -87.17%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.309M $3.270M $3.270M
Total Long-Term Liabilities $669.0K $1.239M $1.266M
Total Liabilities $3.999M $4.536M $4.536M
YoY Change -69.97% -69.08% -69.08%
SHAREHOLDERS EQUITY
Retained Earnings -$156.3M -$154.2M
YoY Change 7.28% 9.05%
Common Stock $1.000K $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.067M $2.687M $2.687M
YoY Change
Total Liabilities & Shareholders Equity $7.066M $7.223M $7.223M
YoY Change -42.23% -59.07% -59.07%

Cashflow Statement

Concept 2024 Q1 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$2.100M -$2.805M -$12.90M
YoY Change -52.27% -23.82% -30.65%
Depreciation, Depletion And Amortization $95.00K $110.0K $451.0K
YoY Change -18.8% -14.73% -11.57%
Cash From Operating Activities -$2.000M -$1.856M -$11.19M
YoY Change -58.33% -54.04% -35.91%
INVESTING ACTIVITIES
Capital Expenditures $4.000K $104.0K
YoY Change -55.56% -53.57%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$4.000K -$104.0K
YoY Change -55.56% -53.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $121.0K
YoY Change -98.82%
Debt Paid & Issued, Net $4.965M
YoY Change 606.26%
Cash From Financing Activities $2.009M 1.090M $2.214M
YoY Change -463.29% -77.27% -75.86%
NET CHANGE
Cash From Operating Activities -$2.000M -1.856M -$11.19M
Cash From Investing Activities -4.000K -$104.0K
Cash From Financing Activities $2.009M 1.090M $2.214M
Net Change In Cash -$14.00K -766.0K -$9.084M
YoY Change -99.74% -202.41% 6.61%
FREE CASH FLOW
Cash From Operating Activities -$2.000M -$1.856M -$11.19M
Capital Expenditures $4.000K $104.0K
Free Cash Flow -$2.000M -$1.860M -$11.30M
YoY Change -58.67% -54.04% -36.14%

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CY2023 MOTS Stock Issued During Period Value Private Placement Offering Net Of Financing Fees
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3070000 usd
CY2023 MOTS Stock Issued During Period Value Issuance Of Common Share Upon Public Offering
StockIssuedDuringPeriodValueIssuanceOfCommonShareUponPublicOffering
3875000 usd
CY2023 MOTS Stock Issued During Period Value Issuance Of Common Shares Upon Extinguishment Of Contingent Royalty Obligation
StockIssuedDuringPeriodValueIssuanceOfCommonSharesUponExtinguishmentOfContingentRoyaltyObligation
1071000 usd
CY2023 MOTS Stock Issued During Period Value Settlement Of Convertible
StockIssuedDuringPeriodValueSettlementOfConvertible
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471000 usd
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CY2023Q4 us-gaap Stockholders Equity
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CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2022 us-gaap Net Income Loss
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DepreciationAndAmortization
451000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
510000 usd
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AmortizationOfFinancingCosts
252000 usd
CY2022 us-gaap Amortization Of Financing Costs
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330000 usd
CY2023 MOTS Gain Loss On Change In Estimated Fair Value Of Contingent Royalty Obligation
GainLossOnChangeInEstimatedFairValueOfContingentRoyaltyObligation
103000 usd
CY2022 MOTS Gain Loss On Change In Estimated Fair Value Of Contingent Royalty Obligation
GainLossOnChangeInEstimatedFairValueOfContingentRoyaltyObligation
548000 usd
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
471000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
1809000 usd
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IssuanceOfCommonStockForBoardOfDirectorsCompensation
235000 usd
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GainsLossesOnExtinguishmentOfDebt
-284000 usd
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ImpairmentOfInventory
488000 usd
CY2022 MOTS Impairment Of Inventory
ImpairmentOfInventory
598000 usd
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ImpairmentOfLongLivedAssetsHeldForUse
46000 usd
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OperatingLeaseRightOfUseAssetAmortizationExpense
226000 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
327000 usd
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LossOnLeaseTermination
11000 usd
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IncreaseDecreaseInAccountsReceivable
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CY2022 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
1302000 usd
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IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-283000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
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IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-650000 usd
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IncreaseDecreaseInOperatingLeaseLiability
-241000 usd
CY2022 us-gaap Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
-330000 usd
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IncreaseDecreaseInOtherOperatingLiabilities
20000 usd
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
43000 usd
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-11194000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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PaymentsToAcquirePropertyPlantAndEquipment
104000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
224000 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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ProceedsFromIssuanceOfCommonStock
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CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
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CY2023 us-gaap Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
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CY2023 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
5000000 usd
CY2023 MOTS Fractional Shares Paid In Cash Pursuant To Reverse Stock Split
FractionalSharesPaidInCashPursuantToReverseStockSplit
12000 usd
CY2022 MOTS Fractional Shares Paid In Cash Pursuant To Reverse Stock Split
FractionalSharesPaidInCashPursuantToReverseStockSplit
11000 usd
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RepaymentsOfLongTermDebt
4965000 usd
CY2022 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
703000 usd
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PaymentsOfDebtIssuanceCosts
200000 usd
CY2023 MOTS Payments For Equity Financing Fees
PaymentsForEquityFinancingFees
1267000 usd
CY2022 MOTS Payments For Equity Financing Fees
PaymentsForEquityFinancingFees
368000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2214000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
9170000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-9084000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8521000 usd
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14042000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
22563000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
4958000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
14042000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
836000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
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FairValueOfAssetsAcquired
14000 usd
CY2022 us-gaap Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
201000 usd
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PurchaseOfFixedAssetsInPrepaidExpenses
4000 usd
CY2022 MOTS Purchase Of Property And Equipment In Accounts Payable And Accrued Expenses
PurchaseOfPropertyAndEquipmentInAccountsPayableAndAccruedExpenses
24000 usd
CY2023 MOTS Noncash Issuance Costs From Private Placement
NoncashIssuanceCostsFromPrivatePlacement
264000 usd
CY2023 MOTS Noncash Issuance Cost From Public Offering
NoncashIssuanceCostFromPublicOffering
154000 usd
CY2023 MOTS Financing Fees Incurred But Unpaid At Period End
FinancingFeesIncurredButUnpaidAtPeriodEnd
228000 usd
CY2023 MOTS Debt Issuance Costs Incurred But Unpaid At Period End
DebtIssuanceCostsIncurredButUnpaidAtPeriodEnd
100000 usd
CY2023 MOTS Extinguishment Of Contingent Royalty Obligation
ExtinguishmentOfContingentRoyaltyObligation
1109000 usd
CY2023 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
68000 usd
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
66000 usd
CY2023 MOTS Settlement Of Convertible Note To Equity
SettlementOfConvertibleNoteToEquity
4000000 usd
CY2023 us-gaap Nature Of Operations
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<p id="xdx_801_eus-gaap--NatureOfOperations_z73qfL7ZUtsf" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Note 1 – <span id="xdx_824_z83FxwbNwMF5">Description of Business</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 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-top: 0pt; margin-bottom: 0pt; margin-left: 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 these products 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-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 us-gaap Net Income Loss
NetIncomeLoss
-12900000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
5000000.0 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2023 us-gaap Use Of Estimates
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<p id="xdx_844_eus-gaap--UseOfEstimates_z9nDASeL0JS5" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86D_z9Mj8cjWwdXh">Basis of presentation and use of estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; 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-top: 0pt; margin-bottom: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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.
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_842_eus-gaap--ConcentrationRiskCreditRisk_z7Kq8JeUNAv4" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_868_zAhUnfKInb2">Concentrations of Credit Risk and Off-balance Sheet Risk</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to concentrations of credit risk are primarily cash and cash equivalents. The Company has not experienced any credit losses in such accounts and does not believe it is exposed to any significant credit risk on these funds. The Company has no financial instruments with off-balance sheet risk of loss.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2023 us-gaap Revenues
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CY2023 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
295000 usd
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RevenueRecognizedInAccordanceWithAsc
24000 usd
CY2022 us-gaap Revenues
Revenues
592000 usd
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RevenueFromContractWithCustomerExcludingAssessedTax
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CY2022 MOTS Revenue Recognized In Accordance With Asc
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CY2023Q4 us-gaap Deferred Revenue
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CY2022Q4 us-gaap Deferred Revenue
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CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
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MOTS Rate Of Royalty Payment
RateOfRoyaltyPayment
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CY2022 MOTS Rate Of Royalty Payment
RateOfRoyaltyPayment
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CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
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CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
196000 usd
CY2022Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
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InventoryFinishedGoods
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CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
548000 usd
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InventoryValuationReserves
728000 usd
CY2022Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
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496000 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
999000 usd
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InventoryCurrent
245000 usd
CY2022Q4 MOTS Inventory Current
InventoryCurrent
488000 usd
CY2023Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
251000 usd
CY2022Q4 us-gaap Inventory Noncurrent
InventoryNoncurrent
511000 usd
CY2023 us-gaap Inventory Write Down
InventoryWriteDown
488000 usd
CY2022 us-gaap Inventory Write Down
InventoryWriteDown
598000 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3336000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3218000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2344000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1893000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
992000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1325000 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
451000 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
510000 usd
CY2023 us-gaap Asset Impairment Charges
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CY2022 us-gaap Asset Impairment Charges
AssetImpairmentCharges
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CY2023 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
CY2023 MOTS Operating Lease Cost Net
OperatingLeaseCostNet
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CY2022 MOTS Operating Lease Cost Net
OperatingLeaseCostNet
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CY2023 us-gaap Variable Lease Cost
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CY2022 us-gaap Variable Lease Cost
VariableLeaseCost
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ShortTermLeaseCost
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CY2023 us-gaap Lease Cost
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CY2022 us-gaap Lease Cost
LeaseCost
212000 usd
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OperatingLeaseRightOfUseAsset
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CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
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CY2023Q4 us-gaap Operating Lease Liability Current
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169000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
245000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
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CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
178000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
196000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
423000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y2M4D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P1Y9M14D
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0730 pure
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0736 pure
CY2023 us-gaap Operating Lease Cost
OperatingLeaseCost
310000 usd
CY2022 us-gaap Operating Lease Cost
OperatingLeaseCost
212000 usd
CY2023 us-gaap Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
270000 usd
CY2022 us-gaap Direct Taxes And Licenses Costs
DirectTaxesAndLicensesCosts
242000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
175000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
23000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
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CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
203000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
7000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
196000 usd
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
CY2023 MOTS License Fees
LicenseFees
270000 usd
CY2022 MOTS License Fees
LicenseFees
242000 usd
CY2023 us-gaap Operating Lease Payments
OperatingLeasePayments
256000 usd
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
342000 usd
CY2023Q4 us-gaap Interest Expense
InterestExpense
211 usd
CY2022Q4 us-gaap Interest Expense
InterestExpense
128 usd
CY2023 us-gaap Interest Expense Other
InterestExpenseOther
695000 usd
CY2022 us-gaap Interest Expense Other
InterestExpenseOther
1001000 usd
CY2023 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
252000 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
330000 usd
CY2023 us-gaap Interest Expense
InterestExpense
947000 usd
CY2022 us-gaap Interest Expense
InterestExpense
1331000 usd
us-gaap Proceeds From Royalties Received
ProceedsFromRoyaltiesReceived
1332000 usd
CY2023Q4 MOTS London Interbank Offered Rate
LondonInterbankOfferedRate
1439000 usd
CY2022Q4 MOTS London Interbank Offered Rate
LondonInterbankOfferedRate
1426000 usd
CY2023 MOTS Royalties Percentage
RoyaltiesPercentage
0.04 pure
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
CY2023 MOTS Gain Loss On Settlement Equity Additional Paid In Capital
GainLossOnSettlementEquityAdditionalPaidInCapital
<p id="xdx_89A_ecustom--GainLossOnSettlementEquityAdditionalPaidInCapital_zEyZA394ayO6" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8BF_zyIEbmgjdqX9" style="display: none">Schedule of Extinguishment of Royalty Obligation</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="padding-bottom: 1.5pt; text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49D_20230101__20230912_znsMwdeWxbg4" style="border-bottom: Black 1.5pt solid; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Extinguishment</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>of Royalty</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 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_z3gfta3Kpt8e" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; 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: 16%; text-align: right">1,212</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_ecustom--GainLossOnChangeInEstimatedFairValueOfContingentRoyaltyObligation_i01N_pn3n3_di_msNCPBUzwDp_zzQflMw1tuo7" 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_zmtdNTzZnQ8e" 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="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt; text-align: right">1,109</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_409_ecustom--ContingentRoyaltyObligation_i01E_pn3n3_maLzgSy_zrwr4gxU7wv3" 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_zeQb40Avoohj" 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_zHAL85rnLsyb" 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>
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
471000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
1809000 usd
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y4M2D
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y9M18D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.8066 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.9921 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0293 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0210 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
6.96
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
129.30
CY2023Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P2Y3M29D
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
0 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
26 shares
CY2023Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
35000 shares
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
40200000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
37400000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
40200000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
37400000 usd
CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
2800000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
17943000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards State And Local
DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal
14614000 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
18740000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards Foreign
DeferredTaxAssetsOperatingLossCarryforwardsForeign
18813000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
975000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
1735000 usd
CY2023Q4 MOTS Deferred Tax Asset Deferred Expense Capitalized Research And Development Costs
DeferredTaxAssetDeferredExpenseCapitalizedResearchAndDevelopmentCosts
2184000 usd
CY2022Q4 MOTS Deferred Tax Asset Deferred Expense Capitalized Research And Development Costs
DeferredTaxAssetDeferredExpenseCapitalizedResearchAndDevelopmentCosts
1698000 usd
CY2023Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
409000 usd
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Accrued Liabilities
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAccruedLiabilities
681000 usd
CY2023Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
40251000 usd
CY2022Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
37541000 usd
CY2023Q4 MOTS Deferred Tax Liabilities Accelerated Research And Development Expense
DeferredTaxLiabilitiesAcceleratedResearchAndDevelopmentExpense
52000 usd
CY2022Q4 MOTS Deferred Tax Liabilities Accelerated Research And Development Expense
DeferredTaxLiabilitiesAcceleratedResearchAndDevelopmentExpense
109000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
39000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
34000 usd
CY2023Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
91000 usd
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
143000 usd
CY2023Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
40160000 usd
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
37398000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
40160000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
37398000 usd
CY2023 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 At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.007 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.066 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.008 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.008 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.058 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense
EffectiveIncomeTaxRateReconciliationNondeductibleExpense
0.027 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.019 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.080 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
0.107 pure
CY2023 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.106 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance
0.150 pure
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
151400000 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
134100000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense Research And Development
IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment
1800000 usd
CY2023 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
10600000 usd
CY2021Q4 MOTS Operating Loss Carryforwards Utilization Limitation
OperatingLossCarryforwardsUtilizationLimitation
3700000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
35676000 usd
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
26875000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
34266000 usd
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
25464000 usd
CY2023 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
81480000 usd
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
81794000 usd
CY2023 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
151422000 usd
CY2022 us-gaap Deferred Federal State And Local Tax Expense Benefit
DeferredFederalStateAndLocalTaxExpenseBenefit
134133000 usd
CY2023 MOTS Expire Date Description
ExpireDateDescription
begin to expire after 2036 through 2042
CY2023Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1.50
CY2023Q4 MOTS Shares Issued Revised Price Per Share
SharesIssuedRevisedPricePerShare
0.925
CY2023Q4 us-gaap Class Of Warrant Or Right Number Of Securities Called By Warrants Or Rights
ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights
4400001 shares
CY2023 us-gaap Class Of Warrant Or Right Expense Or Revenue Recognized
ClassOfWarrantOrRightExpenseOrRevenueRecognized
the terms of 2,933,334 Series A Common Warrants issued in December 2023 held by the same institutional investor to reduce the existing exercise price thereof from $1.50 to $0.74 per share and warrants to purchase up to 276,134 shares of Common Stock issued in May 2023 held by the institutional investor to reduce the existing exercise price thereof from $10.80 to $0.74

Files In Submission

Name View Source Status
mots-20231231_lab.xml Edgar Link unprocessable
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0001493152-24-010314-index.html Edgar Link pending
0001493152-24-010314.txt Edgar Link pending
0001493152-24-010314-xbrl.zip Edgar Link pending
endo_001.jpg Edgar Link pending
ex23-1.htm Edgar Link pending
ex31-1.htm Edgar Link pending
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ex97-1.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10-k.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
form10-k_htm.xml Edgar Link completed
high_001.jpg Edgar Link pending
market_001.jpg Edgar Link pending
MetaLinks.json Edgar Link pending
mots-20231231.xsd Edgar Link pending
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mots-20231231_def.xml Edgar Link unprocessable
mots-20231231_pre.xml Edgar Link unprocessable
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report.css Edgar Link pending
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solution_001.jpg Edgar Link pending
solution_002.jpg Edgar Link pending
study_001.jpg Edgar Link pending
mots-20231231_cal.xml Edgar Link unprocessable