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)

Stock-Based Compensation (Details) - USD ($) $ / shares in Units, $ in Thousands		1 Months Ended					3 Months Ended
	Feb. 06, 2020	Feb. 17, 2021	Jan. 27, 2021	Jan. 22, 2021	Jan. 20, 2021	Aug. 28, 2020	Mar. 31, 2021	Mar. 31, 2020	Jan. 02, 2021	Dec. 31, 2020
Stock-Based Compensation (Details) [Line Items]
Accrued expenses (in Dollars)								$ 56
Weighted average grant date fair value (in Dollars per share)							$ 1.08
Prepaid compensation amount (in Dollars)							$ 162
Compensation expense (in Dollars)							$ 55
Number of warrants purchased							8,733,625
Exercise price (in Dollars per share)							$ 1.30
Risk-free interest rate							0.71%	1.49%
Expected life in years							5 years 255 days	5 years 292 days
Expected stock volatility percentage							106.90%	79.59%
Expected dividend yields percentage							0.00%	0.00%
General and administrative expense (in Dollars)							$ 9	$ 19
Services agreement, description					The fair value of the warrants were valued on the date of grant at $355 using the Black-Scholes option-pricing model with the following parameters: (1) risk-free interest rate of 0.19%; (2) expected life in years of 3.0; (3) expected stock volatility of 100.99%; and (4) expected dividend yield of 0%. The Company recorded $59 as general and administrative expense in the accompanying consolidated statement of comprehensive loss in relation to the consulting agreement for the three months ended March 31, 2021.
Securities purchase agreement, description						the Company entered into a securities purchase agreement (the “Securities Purchase Agreement”) under which it sold and issued to an institutional investor (the “Holder”), in a registered direct offering, an aggregate of 3,200,000 shares of the Company’s common stock par value $0.0001 per share (the “Common Stock”), and pre-funded warrants to purchase an aggregate of 5,533,625 shares of Common Stock (the “Pre-Funded Warrants”) at an exercise price of $0.001 per share. During the three months ended March 31, 2021, the Pre-Funded Warrants for 5,533,625 shares of common stock were exercised which resulted in aggregate proceeds of $6.
Due to exercise units				733,625
Cash paid payment per share (in Dollars per share)			$ 0.10
Number warrant issued			600,000
Received gross proceeds before expenses (in Dollars)			$ 11,000
Outstanding private placement warrants			8,000,000
Exercisable and expire term			5 years
Fair alue adjustment of warrants, shares							6,000,000
Fair value warrants amount (in Dollars)							$ 6,745
Risk free interest rates minimum							0.41%
Risk free interest rates maximum							0.57%
Expected stock volatilities percentage minimum							103.00%
Expected stock volatilities percentage maximum							103.23%
Deemed dividend (in Dollars)							$ 6,145
Cash fees (in Dollars)							$ 300
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number							8,847,471
Description of incentive plan							On January 1, 2021, pursuant to an annual evergreen provision, the number of shares of common stock reserved for future grants was increased by 1,936,669 shares. Under the 2016 Plan, effective as of January 1, 2021, the maximum number of shares of the Company’s common stock authorized for issuance is 7,592,663. As of March 31, 2021, there were 371,577 shares of common stock available for future grant under the 2016 Plan.
Number of shares of common stock reserved for future grants was increased									1,936,669
Maximum number of shares									7,592,663
Unamortized share based compensation for stock options (in Dollars)							$ 3,006
Weighted-average recognition period restricted stock units							1 year 25 days
Number of outstanding options to purchase							2,645,219
Weighted-average exercise price (in Dollars per share)							$ 4.14
Share based compensation expense related to stock options (in Dollars)							$ 669	$ 682
Restricted stock unit		160,000
Restricted stock units		266,000
Minimum [Member]
Stock-Based Compensation (Details) [Line Items]
Expected life in years							4 years 346 days
Common Stock [Member]
Stock-Based Compensation (Details) [Line Items]
Exercised, shares							14,267,250
Percentage of number of shares							6.00%
Restricted stock unit							65,915	15,070
Warrant [Member]
Stock-Based Compensation (Details) [Line Items]
Exercise price (in Dollars per share)							$ 3.00			$ 1.86
Warrants outstanding							9,130,821			17,058,051
New Warrants [Member]
Stock-Based Compensation (Details) [Line Items]
Gross proceeds before expenses			6,000,000
Exercised, shares							8,000,000
Cash excercise (in Dollars)			$ 200
Services Agreement [Member] \| Common Stock [Member]
Stock-Based Compensation (Details) [Line Items]
Number of warrants purchased	120,000
Warrant term	3 years
Services Agreement [Member] \| Warrant [Member]
Stock-Based Compensation (Details) [Line Items]
Granted	60,000
Number of warrants purchased					340,020
Warrant term					3 years
Exercise price (in Dollars per share)	$ 2.16
Remaining warrants granted	60,000
Exercise price (in Dollars per share)	$ 3.50				$ 1.75
Fair value of warrants share (in Dollars)	$ 112
Risk-free interest rate	1.43%
Expected life in years	3 years
Expected stock volatility percentage	74.82%
Expected dividend yields percentage	0.00%
Restricted Stock Units (RSUs) [Member]
Stock-Based Compensation (Details) [Line Items]
Granted							426,000
General and administrative expense (in Dollars)							$ 182
Weighted-average recognition period restricted stock units							1 year 43 days
Restricted stock units							501,265
Restricted stock unit awards granted (in Dollars)		$ 758
Unamortized stock compensation for restricted stock units (in Dollars)							$ 1,473
Private Placement [Member]
Stock-Based Compensation (Details) [Line Items]
Private placement warrants shares						8,000,000
Private Placement [Member] \| New Warrants [Member]
Stock-Based Compensation (Details) [Line Items]
Exercise price (in Dollars per share)			$ 2.12
Warrants outstanding			6,000,000
Purchase warrant per share (in Dollars per share)			$ 0.75
Private Placement [Member] \| Exercise Agreement [Member]
Stock-Based Compensation (Details) [Line Items]
Warrants outstanding			8,000,000
Private Placement [Member] \| Exercise Agreement [Member] \| New Warrants [Member]
Stock-Based Compensation (Details) [Line Items]
Warrants outstanding				8,000,000
Executives and Employees [Member]
Stock-Based Compensation (Details) [Line Items]
Number of shares issued		52,317
Board of Directors [Member]
Stock-Based Compensation (Details) [Line Items]
Granted		121,237
Share price (in Dollars per share)		$ 1.78
Cash compensation for service (in Dollars)		$ 216