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

Annual report pursuant to Section 13 and 15(d)

Share-based compensation and Common Stock Issuance (Tables)

Share-based compensation and Common Stock Issuance (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

The following table sets forth total non-cash share-based compensation for the issuance of common stock, options to purchase common stock, warrants to purchase common stock, and restricted stock unit awards by operating statement classification for the years ended December 31, 2022 and 2021:

Schedule of Stock-based Compensation

	2022		2021
	Year ended December 31,
	2022		2021
Research and development	$	388	$	575
Sales and marketing		238		353
General and administrative		1,183		2,544
Total	$	1,809	$	3,472

Schedule of Stock option and Warrants

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

Schedule of Stock option and Warrants

	Options									Warrants
	Shares Underlying Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (years)		Average Intrinsic Value		Shares Underlying Warrants			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (years)		Average Intrinsic Value
Outstanding at December 31, 2020		251,419		$	60.00		7.96	$	-		852,820		$	37.20		5.78	$	-
Granted		64,675		$	32.80						326,548		$	41.40
Forfeited		(8,502	)	$	68.60						(45,758	)	$	100.00
Exercised		(713,363	)	$	24.80						-		$	-
Outstanding at December 31, 2021		307,592		$	54.10		7.45	$	-		420,247		$	54.76		3.40	$	-
Granted		102,997		$	8.73						6,000		$	10.00
Expired		(6,597	)	$	64.24						(26,986	)	$	101.13
Cancelled		-		$	-						(6,000	)	$	56.60
Forfeited		(3,855	)	$	11.48						-		$	-
Outstanding at December 31, 2022		400,137		$	42.69		7.21	$	-		393,261		$	50.86		2.66	$	-
Exercisable at December 31, 2022		294,152		$	52.77						393,261		$	50.86

Schedule of Option Pricing Model Using Weighted Average Assumptions

The options granted during the years ended December 31, 2022 and 2021 were valued using the Black-Scholes option pricing model using the following weighted average assumptions:

	For the year ended December 31,
	2022			2021
Expected term, in years		5.8			5.8
Expected volatility		99.21	%		106.24	%
Risk-free interest rate		2.10	%		0.77	%
Dividend yield		-			-

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, 2020		16,891		$	62.00
Granted		21,300			34.20
Vested		(12,071	)		48.40
Nonvested at December 31, 2021		25,120		$	44.77
Granted		18,250			9.07
Vested		(23,092	)		39.53
Nonvested at December 31, 2022		20,278		$	18.62