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)

6 Months Ended

Jun. 30, 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 June 30, 2019		2,744,468	$	5.28		3.06	$	-

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		1,072,144			4.25
Exercised		(416	)		3.78				*
Forfeited/cancelled		(120,618	)		4.41
Outstanding at June 30, 2019		3,471,211		$	4.30		8.53	$	52

represents amount less than $1,000

Schedule of option pricing model using weighted average assumptions

The options granted during the six months ended June 30, 2019 and 2018 were valued using the Black-Scholes option pricing model using the following weighted average assumptions:

	For the six months ended June 30,
	2019			2018
Expected term, in years		5.8			5.7
Expected volatility		71.86	%		66.73	%
Risk-free interest rate		2.48	%		2.72	%
Dividend yield		-			-
Grant date fair value	$	2.72		$	2.72

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		(25,383	)		(122	)
Nonvested at June 30, 2019		215,729		$	1,017

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 and six months ended June 30, 2019 and 2018:

	Three Months ended June 30,				Six Months ended June 30,
	2019		2018		2019		2018
Research and development	$	160	$	35	$	285	$	103
Sales and marketing		65		10		128		39
General and administrative		634		426		1,387		931
Total⁽¹⁾⁽²⁾	$	859	$	471	$	1,800	$	1,073

(1)

As of June 30, 2019 and December 31, 2018, the Company recorded a prepaid expense in the amount of $71 and $344, respectively, for the value of vested warrants for future services to be rendered.

(2)

As of June 30, 2019 and December 31, 2018, the Company recorded a warrant liability in the amount of $16 and $22, respectively, for the value of warrants to be issued for services provided.