Mormolyca ringens grows from Mexico down into Central America. It is warm to hot growing and does well in a basket. The plant can flower all spring and summer.
This is the lead part of a plant I got a year ago and divided in May. The small pseudobulb was there already.
On a well grown plant each pseudobulb is at least as large as the previous generation. The plant had roots but may have been grown too cold. Since the green color of the pseudobulb is darker, it may not have had enough light.
The spike is coming from the small, mature pseudobulb at the same time as the new growth (on the right) is developing. What the flower lacks in size it makes up for in height. The flower is just under 1/2 inch wide and the spike is 10 inches tall.