2024 Q1 Form 10-K Financial Statement
#000149315224010314 Filed on March 18, 2024
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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CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.0001 | |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
115000000 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
115000000 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
1547042 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
1547042 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
310494 | shares |
CY2022Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
310494 | shares |
CY2023Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
156905000 | usd |
CY2022Q4 | us-gaap |
Additional Paid In Capital
AdditionalPaidInCapital
|
144328000 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-154218000 | usd |
CY2022Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-141351000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2687000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2977000 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
7223000 | usd |
CY2022Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
17647000 | usd |
CY2023 | us-gaap |
Revenues
Revenues
|
319000 | usd |
CY2022 | us-gaap |
Revenues
Revenues
|
592000 | usd |
CY2023 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
81000 | usd |
CY2022 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
198000 | usd |
CY2023 | MOTS |
Costs Of Revenue Impairment Of Inventory
CostsOfRevenueImpairmentOfInventory
|
488000 | usd |
CY2022 | MOTS |
Costs Of Revenue Impairment Of Inventory
CostsOfRevenueImpairmentOfInventory
|
598000 | usd |
CY2023 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
3467000 | usd |
CY2022 | us-gaap |
Research And Development Expense
ResearchAndDevelopmentExpense
|
5611000 | usd |
CY2023 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
1611000 | usd |
CY2022 | us-gaap |
Selling And Marketing Expense
SellingAndMarketingExpense
|
4425000 | usd |
CY2023 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
6579000 | usd |
CY2022 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
7611000 | usd |
CY2023 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
12226000 | usd |
CY2022 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
18443000 | usd |
CY2023 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-11907000 | usd |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
-17851000 | usd |
CY2023 | MOTS |
Gain Loss On Changes In Fair Value Of Contingent Royalty Obligation
GainLossOnChangesInFairValueOfContingentRoyaltyObligation
|
-103000 | usd |
CY2022 | MOTS |
Gain Loss On Changes In Fair Value Of Contingent Royalty Obligation
GainLossOnChangesInFairValueOfContingentRoyaltyObligation
|
-548000 | usd |
CY2023 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-284000 | usd |
CY2023 | MOTS |
Finance Income Expense Net
FinanceIncomeExpenseNet
|
761000 | usd |
CY2022 | MOTS |
Finance Income Expense Net
FinanceIncomeExpenseNet
|
1252000 | usd |
CY2023 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-18000 | usd |
CY2022 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-42000 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12867000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18597000 | usd |
CY2023 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-15.89 | |
CY2023 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-15.89 | |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-86.15 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-86.15 | |
CY2023 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
809506 | shares |
CY2023 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
809506 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
|
215863 | shares |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
215863 | shares |
CY2021Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
9657000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
9884000 | usd |
CY2022 | MOTS |
Stock Issued During Period Fractional Shares Settled In Cash Pursuant To Reverse Stock Split Value
StockIssuedDuringPeriodFractionalSharesSettledInCashPursuantToReverseStockSplitValue
|
-11000 | usd |
CY2022 | us-gaap |
Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
|
235000 | usd |
CY2022 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
1809000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18597000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2977000 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2977000 | usd |
CY2023 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
102000 | usd |
CY2023 | MOTS |
Stock Issued During Period Value Private Placement Offering Net Of Financing Fees
StockIssuedDuringPeriodValuePrivatePlacementOfferingNetOfFinancingFees
|
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
|
4000000 | usd |
CY2023 | MOTS |
Stock Issued During Period Fractional Shares Settled In Cash Pursuant To Reverse Stock Split Value
StockIssuedDuringPeriodFractionalSharesSettledInCashPursuantToReverseStockSplitValue
|
-12000 | usd |
CY2023 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
471000 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12867000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2687000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2687000 | usd |
CY2023 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-12867000 | usd |
CY2022 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-18597000 | usd |
CY2023 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
451000 | usd |
CY2022 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
510000 | usd |
CY2023 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
252000 | usd |
CY2022 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
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 |
CY2022 | MOTS |
Issuance Of Common Stock For Board Of Directors Compensation
IssuanceOfCommonStockForBoardOfDirectorsCompensation
|
235000 | usd |
CY2023 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-284000 | usd |
CY2023 | MOTS |
Impairment Of Inventory
ImpairmentOfInventory
|
488000 | usd |
CY2022 | MOTS |
Impairment Of Inventory
ImpairmentOfInventory
|
598000 | usd |
CY2022 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
46000 | usd |
CY2023 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
226000 | usd |
CY2022 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
327000 | usd |
CY2023 | MOTS |
Loss On Lease Termination
LossOnLeaseTermination
|
11000 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
17000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-50000 | usd |
CY2023 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-2000 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1302000 | usd |
CY2023 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-283000 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-12000 | usd |
CY2023 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-454000 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-650000 | usd |
CY2023 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-241000 | usd |
CY2022 | us-gaap |
Increase Decrease In Operating Lease Liability
IncreaseDecreaseInOperatingLeaseLiability
|
-330000 | usd |
CY2023 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
20000 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
43000 | usd |
CY2023 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-11194000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-17467000 | usd |
CY2023 | us-gaap |
Payments To Acquire Property Plant And Equipment
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
|
-104000 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-224000 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
121000 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
10252000 | usd |
CY2023 | us-gaap |
Proceeds From Issuance Of Private Placement
ProceedsFromIssuanceOfPrivatePlacement
|
3537000 | usd |
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 |
CY2023 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
4965000 | usd |
CY2022 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
703000 | usd |
CY2023 | us-gaap |
Payments Of Debt Issuance Costs
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 |
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 |
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
|
977000 | usd |
CY2023 | us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
14000 | usd |
CY2022 | us-gaap |
Fair Value Of Assets Acquired
FairValueOfAssetsAcquired
|
201000 | usd |
CY2022 | MOTS |
Purchase Of Fixed Assets In Prepaid Expenses
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
NatureOfOperations
|
<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
|
-154200000 | usd |
CY2023 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<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
Revenues
|
319000 | usd |
CY2023 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
295000 | usd |
CY2023 | MOTS |
Revenue Recognized In Accordance With Asc
RevenueRecognizedInAccordanceWithAsc
|
24000 | usd |
CY2022 | us-gaap |
Revenues
Revenues
|
592000 | usd |
CY2022 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
540000 | usd |
CY2022 | MOTS |
Revenue Recognized In Accordance With Asc
RevenueRecognizedInAccordanceWithAsc
|
52000 | usd |
CY2023Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
67000 | usd |
CY2022Q4 | us-gaap |
Deferred Revenue
DeferredRevenue
|
39000 | usd |
CY2023 | us-gaap |
Payments For Commissions
PaymentsForCommissions
|
0 | usd |
CY2022 | us-gaap |
Payments For Commissions
PaymentsForCommissions
|
96000 | usd |
CY2023Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
CY2022Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
0 | usd |
MOTS |
Rate Of Royalty Payment
RateOfRoyaltyPayment
|
0.03 | pure | |
CY2022 | MOTS |
Rate Of Royalty Payment
RateOfRoyaltyPayment
|
0.03 | pure |
CY2023 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2022 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2023Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
487000 | usd |
CY2022Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
697000 | usd |
CY2023Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
196000 | usd |
CY2022Q4 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
155000 | usd |
CY2023Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
541000 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
548000 | usd |
CY2023Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
728000 | usd |
CY2022Q4 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
401000 | usd |
CY2023Q4 | us-gaap |
Inventory Net
InventoryNet
|
496000 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
999000 | usd |
CY2023Q4 | MOTS |
Inventory Current
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
AssetImpairmentCharges
|
0 | usd |
CY2022 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
46000 | usd |
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
|
-29000 | usd |
CY2022 | MOTS |
Operating Lease Cost Net
OperatingLeaseCostNet
|
92000 | usd |
CY2023 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
178000 | usd |
CY2022 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
120000 | usd |
CY2023 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
161000 | usd |
CY2023 | us-gaap |
Lease Cost
LeaseCost
|
310000 | usd |
CY2022 | us-gaap |
Lease Cost
LeaseCost
|
212000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
210000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
428000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
169000 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
|
245000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
27000 | usd |
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
|
5000 | usd |
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 |