Motus GI Holdings, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stockholder's Equity (Tables)

Stockholder's Equity (Tables)

12 Months Ended

Dec. 31, 2018

A summary of the Company’s warrants to purchase common stock activity is as follows:

	Shares Underlying Warrants		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (years)		Aggregate Intrinsic Value
Outstanding at January 1, 2017		907,237	$	5.00		2.92	$	—
Granted		433,632		5.21
Outstanding at December 31, 2017		1,340,869		5.07		4.03		—
Granted		1,288,599		5.42
Outstanding at December 31, 2018		2,629,468	$	5.24		3.58	$	—

Schedule of stock option activity

A summary of the Company’s stock option activity is as follows:

	Shares Underlying Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (years)		Aggregate Intrinsic Value
Outstanding at January 1, 2017		125,730		$	2.43		7.87	$	204
Granted		2,020,769			4.51
Exercised		(1,438	)		2.38
Forfeited/cancelled		(341,967	)
Outstanding at December 31, 2017		1,803,094			4.41		8.86		421
Granted		812,000			4.16
Exercised		(15,292	)		3.31				6
Forfeited/cancelled		(79,701	)
Outstanding at December 31, 2018		2,520,101		$	4.32		8.72	$	—

Schedule of stock-based compensation

The following table sets forth total non-cash stock-based compensation for the issuance of common stock, options to purchase common stock, warrants to purchase common stock, and restricted stock unit award by operating statement classification for the years ended December 31, 2018 and 2017:

	December 31,
	2018		2017
Research and development	$	170	$	182
Sales and marketing		158		139
General and administrative		2,147		1,899
Total ^{(1), (2)}		2,475		2,220

⁽¹⁾

As of December 31, 2018 and 2017, the Company recorded a prepaid expense in the amount of $344 and $0, respectively, for the value of vested warrants for future services to be rendered.

⁽²⁾

As of December 31, 2018 and 2017, the Company recorded a warrant liability in the amount of $22 and $0, respectively, for the value of warrants to be issued for services provided.

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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