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

Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Details Narrative)

Stock-Based Compensation (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands							3 Months Ended				6 Months Ended
	Jun. 11, 2020	May 14, 2020	Feb. 06, 2020	Nov. 13, 2019	Aug. 08, 2019	Jul. 03, 2018	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Feb. 13, 2019	Feb. 06, 2019	Jan. 02, 2019	Oct. 06, 2018	Oct. 02, 2018	Jul. 02, 2018	Jun. 06, 2018	Dec. 31, 2016
Restricted stock unit		30,916
Issuances of options to employees	$ 842,500
Issuances of options to employees, exercise price	$ 1.17
Option expected life											5 years 8 months 12 days	5 years 9 months 18 days
General and administrative expense							$ 2,365		$ 2,364		$ 5,277	$ 5,161
Unamortized share-based for stock options							$ 3,117				$ 3,117
Unamortized share-based for stock options period											1 year 15 days
Number of outstanding options to purchase											2,239,933
Weighted-average exercise price (in dollars per share)							$ 4.27				$ 4.27
Share based compensation expense related to stock options							$ 498		618		$ 1,180	1,233
Number of warrant exercisable											2,795,801
Description of incentive plan											On January 1, 2020, pursuant to an annual evergreen provision, the number of shares of common stock reserved for future grants was increased by 1,728,665 shares. Under the 2016 Plan, effective as of January 1, 2020, the maximum number of shares of the Company’s common stock authorized for issuance is 5,656,324. As of June 30, 2020, there were 627,065 shares of common stock available for future grant under the 2016 Plan.
Description of service agreement	The Company entered into a services agreement whereby it agreed to issue warrants to purchase 50,000 shares of common stock of the Company which vested immediately. The warrants are exercisable at $1.17 per share and expire three years from the date of issuance. The fair value of the warrants were valued on the date of grant at $28 using the Black-Scholes option-pricing model with the following parameters: (1) risk-free interest rate of 0.22%; (2) expected life in years of 3.0; (3) expected stock volatility of 73.06%; and (4) expected dividend yield of 0%. The Company recorded $3 as general and administrative expense in the accompanying condensed consolidated statement of comprehensive loss in relation to the consulting agreement for both the three and six months ended June 30, 2020. As of June 30, 2020, the Company has recorded a prepaid expense which will be recognized through December 31, 2020, in the amount of $25 related to the fully vested nonforfeitable shares of common stock and warrants issued for which services have not been rendered. On July 10, 2020 and August 3, 2020, the Company issued an aggregate of 50,000 shares of common stock upon exercise of the warrant which resulted in aggregate proceeds of approximately $59.
Restricted Stock Units (RSUs) [Member]
Number of shares issued											501,265
Granted											260,154
General and administrative expense							124				$ 227
Unamortized share-based for stock options							$ 1,145				$ 1,145
Unamortized share-based for stock options period											1 year 3 months 29 days
August 2019 Consultant Warrants [Member]
Warrant term (in years)				3 years
Warrant [Member]
Warrant exercise price (in dollars per share)							$ 5.02				$ 5.02		$ 5.24
Common Stock [Member]
Issuance of common shares upon vesting							30,916	15,070		10,313
Percentage of number of shares																					6.00%
Employee [Member] \| Common Stock [Member] \| Executive Officer [Member]
Expected life			3 years
Consultant Agreement [Member] \| Warrant [Member]
Number of warrants purchased																25,000		25,000
Warrant exercise price (in dollars per share)																$ 10.00		$ 8.75
Expected life																24 months		18 months
General and administrative expense									0			31
Consultant Agreement [Member] \| Warrant Issued with 30 Days of Agreement [Member]
Number of warrants purchased																			25,000
Warrant exercise price (in dollars per share)																			$ 7.39
Expected life																			18 months
Consultant Agreement [Member] \| Warrant Issued with 30 Days of Agreement One [Member]
Number of warrants purchased																			25,000
Warrant exercise price (in dollars per share)																			$ 7.39
Expected life																			12 months
Consultant Agreement [Member] \| Warrant Issued with 10 Consecutive Trading Days [Member]
Warrant exercise price (in dollars per share)																			$ 0.01
Consultant Agreement [Member] \| Warrant Issued with 10 Consecutive Trading Days [Member] \| Minimum [Member]
Warrant exercise price (in dollars per share)																			9.00
Consultant Agreement [Member] \| Warrant Issued with 10 Consecutive Trading Days [Member] \| Maximum [Member]
Warrant exercise price (in dollars per share)																			$ 13.00
Consultant Agreement [Member] \| Consultant [Member] \| August 2019 Consultant Warrants [Member]
Warrant term (in years)					3 years
Description of vesting terms					Vest for four equal tranches beginning November 1, 2019 through August 1, 2020.
Consultant Agreement [Member] \| Consultant [Member] \| Warrant [Member]
Number of warrants purchased															10,000		10,000			10,000
Warrant exercise price (in dollars per share)															$ 7.25		$ 6.25			$ 5.25
General and administrative expense									0			10
Fair value of warrants									30,000			30,000
Consulting Agreement [Member] \| Warrant [Member]
Number of warrants purchased						90,000
Warrant exercise price (in dollars per share)						$ 8.50
Number of shares issued upon services						30,000
Expected life						5 years
General and administrative expense									139			$ 276
Amended and Restated Consultant Agreement [Member] \| Warrant [Member]
Number of warrants purchased														50,000
Warrant exercise price (in dollars per share)														$ 5.00
Expiration date												Mar. 20, 2022
General and administrative expense									30			$ 60
Amended and Restated Consultant Agreement [Member] \| November 2019 Consultant Warrant [Member]
Number of warrants purchased														30,000
Warrant exercise price (in dollars per share)														$ 5.00
Number of shares issued upon services												30,000
Value of shares issued upon services									$ 0			$ 55
Services Agreement [Member] \| Warrant [Member]
Exercise price (in dollars per share)			$ 2.16
Warrant term (in years)			3 years
Granted			60,000
General and administrative expense							$ 28				$ 47
Risk-free interest rate			1.43%
Expected life in years			3 years
Expected stock volatility			74.82%
Expected dividend yield			0.00%
Fair value of warrants			$ 112
Services Agreement [Member] \| Common Stock [Member]
Number of warrants purchased			120,000
Warrant exercise price (in dollars per share)			$ 3.50
Remaining warrants granted			60,000