Motus GI Holdings, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)

3 Months Ended

Mar. 31, 2019

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 and exercisable at December 31, 2018		2,629,468	$	5.24		3.58	$	—
Granted		115,000		6.28
Outstanding and exercisable at March 31, 2019		2,744,468	$	5.28		3.30	$	—

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 December 31, 2018		2,520,101		$	4.32		8.72	$	—
Granted		837,144			4.32
Exercised		(416	)		3.78				*
Forfeited/cancelled		(35,834	)		4.28
Outstanding at March 31, 2019		3,320,995		$	4.32		8.56	$	—

*represents amount less than $1,000

Schedule of option pricing model using weighted average assumptions

The options granted during the three months ended March 31, 2019 and 2018 were valued using the Black-Scholes option pricing model using the following weighted average assumptions:

	For the three months ended March 31,
	2019			2018
Expected term, in years		5.8			5.7
Expected volatility		70.57	%		67.04	%
Risk-free interest rate		2.56	%		2.63	%
Dividend yield		—			—
Grant date fair value	$	2.73		$	2.79

Schedule of restricted stock unit awards activity

A summary of the Company’s restricted stock unit awards activity is as follows:

	Number of Shares			Weighted Average Grant Date Fair Value
Nonvested at December 31, 2018		165,000		$	810
Granted		76,112			329
Vested		(10,313	)		51
Nonvested at March 31, 2019		230,799		$	1,088

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 three months ended March 31, 2019 and 2018:

	Three Months ended March 31,
	2019		2018
Research and development	$	125	$	68
Sales and marketing		63		29
General and administrative		753		505
Total⁽¹⁾⁽²⁾	$	941	$	602

(1)

As of March 31, 2019 and December 31, 2018, the Company recorded a prepaid expense in the amount of $240 and $344, respectively, for the value of vested warrants for future services to be rendered.

(2)

As of March 31, 2019 and December 31, 2018, the Company recorded a warrant liability in the amount of $25 and $22, respectively, for the value of warrants to be issued for services provided.