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Microbot Medical(MBOT) - 2023 Q3 - Quarterly Report
2023-11-14 21:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) Commission file number: 000-19871 MICROBOT MEDICAL INC. (Name of Registrant in Its Charter) Delaware 94-3078125 State or Other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 288 Grove Street, Suite 388 Braintree, MA 02184 (Address of principal executive of ices) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period end ...
Microbot Medical(MBOT) - 2023 Q2 - Quarterly Report
2023-08-14 13:01
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ____ to _____ Commission file number: 000-19871 MICROBOT MEDICAL INC. (Name of Registrant in Its Charter) 288 Grove Street, Suite 388 Braintree, MA 02184 (Addre ...
Microbot Medical(MBOT) - 2023 Q1 - Quarterly Report
2023-05-17 21:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ____ to _____ Commission file number: 000-19871 MICROBOT MEDICAL INC. (Name of Registrant in Its Charter) Delaware 94-3078125 State or Other Jurisdiction of In ...
Microbot Medical(MBOT) - 2022 Q4 - Annual Report
2023-03-31 20:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ____ to _____ Commission file number: 000-19871 MICROBOT MEDICAL INC. (Exact name of registrant as specified in its charter) Delaware 94-3078125 (State or Other Juri ...
Microbot Medical(MBOT) - 2022 Q3 - Quarterly Report
2022-11-14 21:45
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ____ to _____ Commission file number: 000-19871 MICROBOT MEDICAL INC. (Name of Registrant in Its Charter) Delaware 94-3078125 State or Other Jurisdiction o ...
Microbot Medical(MBOT) - 2022 Q2 - Quarterly Report
2022-08-15 18:19
Financial Performance - The company reported a net loss of $3,513,000 for the three months ended June 30, 2022, compared to a net loss of $2,511,000 for the same period in 2021, indicating an increase in loss of approximately 40.0%[11] - For the six months ended June 30, 2022, the net loss was $6,702,000, up from $4,899,000 in the same period of 2021, reflecting an increase of approximately 36.7%[11] - The company experienced a net loss of $6,702,000 for the six months ended June 30, 2022, compared to a net loss of $4,899,000 for the same period in 2021, indicating an increase in losses of approximately 36.6%[10] - The company reported basic and diluted net loss per share of $0.94 for the six months ended June 30, 2022, compared to $0.69 for the same period in 2021, indicating a worsening loss per share of approximately 36.2%[11] - The company’s net cash flows from operating activities for the six months ended June 30, 2022, were $(6,131,000), compared to $(4,291,000) for the same period in 2021, indicating a worsening cash flow situation[15] Assets and Equity - As of June 30, 2022, total assets decreased to $10,542,000 from $16,767,000 as of December 31, 2021, representing a decline of approximately 37.0%[9] - The company's cash and cash equivalents decreased to $7,294,000 as of June 30, 2022, down from $13,493,000 as of December 31, 2021, a decline of approximately 46.0%[9] - Total stockholders' equity fell to $8,540,000 as of June 30, 2022, from $14,381,000 as of December 31, 2021, representing a decrease of approximately 40.5%[9] - The company had unrestricted cash, cash equivalents, and marketable securities of approximately $9,292,000 as of June 30, 2022[26] - As of June 30, 2022, the total cash equivalents were $4,593 million, down from $8,587 million as of December 31, 2021[36] Research and Development - Research and development expenses for the three months ended June 30, 2022, were $2,193,000, compared to $1,389,000 for the same period in 2021, marking an increase of approximately 57.8%[11] - Research and development expenses for the six months ended June 30, 2022, were $3,899,000, up from $2,508,000 in the same period of 2021, reflecting a year-over-year increase of approximately 55.2%[11] - The company expects to incur additional losses for the foreseeable future due to ongoing research and development activities[27] - The company has received approximately $1,500 in grants from the Israeli Innovation Authority for research and development since 2013[45] - The repayment of grants from the Israeli government is contingent upon successful completion of research and development programs and generating sales[48] Funding and Liabilities - The company may seek to raise additional funds through future issuances of debt and/or equity securities[27] - The company has a total lease liability balance of $573 million as of June 30, 2022[44] - The company has cash payments and expenses related to operating leases amounting to $172,000 for the six months ended June 30, 2022[44] - The total future lease payments as of June 30, 2022, are summarized as $626,000, with a total lease liability balance of $573,000[44] - The company’s total liabilities decreased to $2,002,000 as of June 30, 2022, from $2,386,000 as of December 31, 2021, a reduction of approximately 16.1%[9] Stock and Shareholder Information - The company had 7,108,133 shares of common stock issued and outstanding as of June 30, 2022, unchanged from December 31, 2021[9] - The company granted stock options to purchase 100,000 shares at an exercise price of $6.48 to its CEO during the six months ended June 30, 2022[10] - The company granted options to purchase 100,000 shares to its Chairman, President, and CEO at an exercise price of $6.48, vesting over 3 years[70] - An additional 87,500 shares were granted to employees and consultants at the same exercise price and vesting schedule[71] - The company has not sold any shares of common stock under the ATM Agreement to date[54] Legal and Strategic Agreements - The company entered into an At-the-Market Offering Agreement with an aggregate offering price of up to $10,000 million[54] - The strategic collaboration agreement with Stryker aims to integrate certain instruments with the company's LIBERTY Robotic System[56] - Development activities under the collaboration with Stryker are expected to commence during the second half of 2022[59] - The Company lost an appeal in a lawsuit related to its 2017 financing, resulting in a payment of approximately $3,700 to Sabby Healthcare for 83,333 shares[61] - The ongoing litigation with Empery Asset Master Ltd. seeks rescission of the Securities Purchase Agreement and return of the $6,750 purchase price[62] Accounting and Compliance - The company is currently evaluating the impact of recently issued accounting standards on its consolidated financial statements[42] - The Company has significant uncertainties regarding the impact of COVID-19 on its operations and clinical trials[30]
Microbot Medical(MBOT) - 2022 Q1 - Quarterly Report
2022-05-16 20:36
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended March 31, 2022 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ____ to _____ Commission file number: 000-19871 MICROBOT MEDICAL INC. (Name of Registrant in Its Charter) Delaware 94-3078125 State or Other Jurisdiction of In ...
Microbot Medical(MBOT) - 2021 Q4 - Annual Report
2022-03-31 17:47
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ____ to _____ Commission file number: 000-19871 MICROBOT MEDICAL INC. (Exact name of registrant as specified in its charter) Delaware 94-3078125 (State or Other Jur ...
Microbot Medical(MBOT) - 2021 Q3 - Quarterly Report
2021-11-15 13:44
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended September 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ____ to _____ Commission file number: 000-19871 MICROBOT MEDICAL INC. (Name of Registrant in Its Charter) Delaware 94-3078125 State or Other Jurisdiction o ...
Microbot Medical(MBOT) - 2021 Q2 - Quarterly Report
2021-08-16 20:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from ____ to _____ Commission file number: 000-19871 MICROBOT MEDICAL INC. (Name of Registrant in Its Charter) State or Other Jurisdiction of Incorporation or Organi ...