10-Q Filing

DROR ORTHO-DESIGN, INC. CIK: 1282980 Q3 2023

Filing Information

Form Type	10-Q
Accession Number	`0001999371-23-000407`
Period End Date	20230930
Filing Date	20231120
Fiscal Year	2023
Fiscal Period	Q3
XBRL Instance	dror-10q_093023_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 56 Cash Flow Statement 58 Stockholders Equity 34

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	12.50M	shares	Point-in-time
Preferred stock, authorized	`PreferredStockSharesAuthorized`	12.50M	shares	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	7.58M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.04M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$4.02M	USD	Point-in-time
Preferred stock, outstanding	`PreferredStockSharesOutstanding`	10.46M	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Receivables and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$146.84K	USD	Point-in-time
Receivables and prepaid expenses	`PrepaidExpenseAndOtherAssetsCurrent`	$101.35K	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$4.16M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.14M	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	495.45M	shares	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	437.74M	shares	Point-in-time
Property and equipment, at cost, net	`PropertyPlantAndEquipmentNet`	$3.00K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	495.45M	shares	Point-in-time
Property and equipment, at cost, net	`PropertyPlantAndEquipmentNet`	$2.50K	USD	Point-in-time
Common stock, outstanding	`CommonStockSharesOutstanding`	437.74M	shares	Point-in-time
Total Assets	`Assets`	$1.14M	USD	Point-in-time
Total Assets	`Assets`	$4.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$5.83K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$30.79K	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	-	USD	Point-in-time
Accrued royalties	`AccruedRoyaltiesCurrent`	$720.63K	USD	Point-in-time
Founders claim accrual	`NotesPayableCurrent`	$240.00K	USD	Point-in-time
Founders claim accrual	`NotesPayableCurrent`	-	USD	Point-in-time
Accrued expenses and other payables	`OtherAccruedLiabilitiesCurrent`	$276.13K	USD	Point-in-time
Accrued expenses and other payables	`OtherAccruedLiabilitiesCurrent`	$254.32K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$980.78K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$546.92K	USD	Point-in-time
Accrued severance	`PostemploymentBenefitsLiabilityNoncurrent`	$416.00	USD	Point-in-time
Accrued severance	`PostemploymentBenefitsLiabilityNoncurrent`	$383.00	USD	Point-in-time
Total Liabilities	`Liabilities`	$981.16K	USD	Point-in-time
Total Liabilities	`Liabilities`	$547.33K	USD	Point-in-time
Preferred A Stock, $.0001 Par value, 12,500,000 shares authorized; 10,463,363 and 7,576,999 shares outstanding at September 30, 2023 and December 31, 2022, respectively	`PreferredStockValue`	$1.05K	USD	Point-in-time
Preferred A Stock, $.0001 Par value, 12,500,000 shares authorized; 10,463,363 and 7,576,999 shares outstanding at September 30, 2023 and December 31, 2022, respectively	`PreferredStockValue`	$758.00	USD	Point-in-time
Common stock, $0.0001 par value; 500,000,000 shares authorized, 495,454,546 and 437,735,093 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$49.55K	USD	Point-in-time
Common stock, $0.0001 par value; 500,000,000 shares authorized, 495,454,546 and 437,735,093 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively	`CommonStockValue`	$43.77K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$14.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$10.71M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-10.16M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-11.47M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.87M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$-145.19K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.17M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$2.26M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.45M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$596.08K	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$3.18M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$135.50K	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$1.14M	USD	Point-in-time
Total Liabilities and Stockholders Equity	`LiabilitiesAndStockholdersEquity`	$4.16M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Research and development	`ResearchAndDevelopmentExpense`	$459.94K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$129.42K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$596.61K	USD	3 Qtrs
Research and development	`ResearchAndDevelopmentExpense`	$247.03K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$308.33K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$152.45K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$724.68K	USD	3 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$637.68K	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$281.88K	USD	1 Quarter
Total Operating Expenses	`OperatingExpenses`	$1.10M	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$1.32M	USD	3 Qtrs
Total Operating Expenses	`OperatingExpenses`	$555.36K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.32M	USD	3 Qtrs
Loss from operations	`OperatingIncomeLoss`	$-281.88K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-555.36K	USD	1 Quarter
Loss from operations	`OperatingIncomeLoss`	$-1.10M	USD	3 Qtrs
Financial Expenses, net	`InterestIncomeExpenseNonoperatingNet`	$-2.15K	USD	1 Quarter
Financial Expenses, net	`InterestIncomeExpenseNonoperatingNet`	$16.36K	USD	3 Qtrs
Financial Expenses, net	`InterestIncomeExpenseNonoperatingNet`	$1.82K	USD	1 Quarter
Financial Expenses, net	`InterestIncomeExpenseNonoperatingNet`	$-4.05K	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$1.82K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-4.05K	USD	3 Qtrs
Total other expense	`NonoperatingIncomeExpense`	$-2.15K	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$16.36K	USD	3 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-553.54K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-284.03K	USD	1 Quarter
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.30M	USD	3 Qtrs
Loss before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.10M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
Net earnings (loss)	`NetIncomeLoss`	$-426.79K	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$-553.54K	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$-465.60K	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$-285.78K	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$-1.30M	USD	3 Qtrs
Net earnings (loss)	`NetIncomeLoss`	$-284.03K	USD	1 Quarter
Net earnings (loss)	`NetIncomeLoss`	$-1.10M	USD	3 Qtrs
Net earnings (loss)	`NetIncomeLoss`	$-390.86K	USD	1 Quarter
Net loss per common share. basic	`EarningsPerShareBasic`	-	USD	3 Qtrs
Net loss per common share. basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per common share. basic	`EarningsPerShareBasic`	$-0.01	USD	3 Qtrs
Net loss per common share. basic	`EarningsPerShareBasic`	-	USD	1 Quarter
Net loss per common share. diluted	`EarningsPerShareDiluted`	-	USD	3 Qtrs
Net loss per common share. diluted	`EarningsPerShareDiluted`	$-0.01	USD	3 Qtrs
Net loss per common share. diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Net loss per common share. diluted	`EarningsPerShareDiluted`	-	USD	1 Quarter
Weighted-average common shares outstanding. basic	`WeightedAverageNumberOfSharesOutstandingBasic`	437.74M	shares	3 Qtrs
Weighted-average common shares outstanding. basic	`WeightedAverageNumberOfSharesOutstandingBasic`	230.12M	shares	3 Qtrs
Weighted-average common shares outstanding. basic	`WeightedAverageNumberOfSharesOutstandingBasic`	437.74M	shares	1 Quarter
Weighted-average common shares outstanding. basic	`WeightedAverageNumberOfSharesOutstandingBasic`	309.57M	shares	1 Quarter
Weighted-average common shares outstanding. diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	437.74M	shares	1 Quarter
Weighted-average common shares outstanding. diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	230.12M	shares	3 Qtrs
Weighted-average common shares outstanding. diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	437.74M	shares	3 Qtrs
Weighted-average common shares outstanding. diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	309.57M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-426.79K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-553.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-465.60K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-285.78K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.30M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-284.03K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.10M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-390.86K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$14.76K	USD	3 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$5.14K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.52K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$12.64K	USD	3 Qtrs
Depreciation	`Depreciation`	$502.00	USD	3 Qtrs
Depreciation	`Depreciation`	$502.00	USD	3 Qtrs
Receivables and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$30.88K	USD	3 Qtrs
Receivables and prepaid expenses	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$40.01K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-4.05K	USD	3 Qtrs
Accounts payable	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-56.90K	USD	3 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilities`	$-114.53K	USD	3 Qtrs
Accrued expenses and other payables	`IncreaseDecreaseInAccruedLiabilities`	$28.45K	USD	3 Qtrs
Founders claim accrual	`IncreaseDecreaseInOtherOperatingLiabilities`	-	USD	3 Qtrs
Founders claim accrual	`IncreaseDecreaseInOtherOperatingLiabilities`	$-240.00K	USD	3 Qtrs
Accrued royalties	`IncreaseDecreaseInRoyaltiesPayable`	$6.44K	USD	3 Qtrs
Accrued royalties	`IncreaseDecreaseInRoyaltiesPayable`	-	USD	3 Qtrs
Accrued severance	`IncreaseDecreaseInPostemploymentObligations`	$-33.00	USD	3 Qtrs
Accrued severance	`IncreaseDecreaseInPostemploymentObligations`	$-6.64K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.10M	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.74M	USD	3 Qtrs
Cash acquired in reverse merger	`CashAcquiredFromAcquisition`	$17.97K	USD	3 Qtrs
Cash acquired in reverse merger	`CashAcquiredFromAcquisition`	-	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$17.97K	USD	3 Qtrs
Proceeds from private placement raise, net of expenses	`ProceedsFromIssuanceOfPrivatePlacement`	$4.70M	USD	3 Qtrs
Proceeds from private placement raise, net of expenses	`ProceedsFromIssuanceOfPrivatePlacement`	$5.03M	USD	Point-in-time
Proceeds from private placement raise, net of expenses	`ProceedsFromIssuanceOfPrivatePlacement`	$200.00K	USD	Point-in-time
Proceeds from private placement raise, net of expenses	`ProceedsFromIssuanceOfPrivatePlacement`	-	USD	3 Qtrs
Net cash provided in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$4.70M	USD	3 Qtrs
Net cash provided in financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$2.98M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-1.10M	USD	3 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.46M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.02M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.56M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.04M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.46M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.02M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.56M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.04M	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Shares issued at reverse recapitalization	`StockIssued1`	-	USD	3 Qtrs
Shares issued at reverse recapitalization	`StockIssued1`	$20.23K	USD	3 Qtrs
Net liabilities assumed in merger	`LiabilitiesAssumed1`	$791.23K	USD	3 Qtrs
Net liabilities assumed in merger	`LiabilitiesAssumed1`	-	USD	3 Qtrs
Accrued transaction costs	`AccruedTransactionCosts`	$42.13K	USD	3 Qtrs
Accrued transaction costs	`AccruedTransactionCosts`	-	USD	3 Qtrs

Stockholders Equity 34 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$1.87M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-145.19K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.17M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.26M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.45M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$596.08K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$3.18M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$135.50K	USD	Point-in-time
Return of founders shares to the Company as part of claim settlement	`ReturnOfFoundersSharesInClaimSettlement`	-	USD	1 Quarter
Private Placement Investment, net of issuance costs	`StockIssuedDuringPeriodValueNewIssues`	$4.65M	USD	1 Quarter
Settlement of Treasury Stock prior to recapitalization	`SettlementOfTreasuryStock`	-	USD	1 Quarter
Reverse re-capitalization	`StockholdersEquityOther`	$773.27K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.88K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.14K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.09K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$2.52K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.74K	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$5.03K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-426.79K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-553.54K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-465.60K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-285.78K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.30M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-284.03K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.10M	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-390.86K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$1.87M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-145.19K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.17M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.26M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.45M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$596.08K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$3.18M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$135.50K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.