XML 46 R33.htm IDEA: XBRL DOCUMENT
v3.22.1

Stockholders’ Deficit (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Summary of our Outstanding and Exercisable Warrants and Related Transactions | The following table summarizes the status of our outstanding and exercisable warrants and related for each of the following years (in thousands, except weighed average exercise price and weighted average remaining contractual life data):
|  | Warrants outstanding and exercisable |
|  | Warrants |  |  | Weighted Average Exercise Price |  |  | Aggregate Intrinsic Value |  |  | Weighted Average Remaining Contractual Life (in Years) |
Balance, January 1, 2019 |  |  | 3,008 |  |  | $ | 2.78 |  |  | $ | 4,826 |  |  |  | 1.6 |
Issued/granted |  |  | 75 |  |  |  | 5.63 |  |  |  |  |  |  |  |  |
Exercised |  |  | (1,250 | ) |  |  | 3.20 |  |  |  | 2,263 |  |  |  |  |
Balance, December 31, 2019 |  |  | 1,833 |  |  |  | 2.62 |  |  |  | 2,448 |  |  |  | 2.0 |
Issued/granted |  |  | 4,752 |  |  |  | 1.19 |  |  |  |  |  |  |  |  |
Cancelled/Forfeited |  |  | (50 | ) |  |  | 6.35 |  |  |  |  |  |  |  |  |
Balance, December 31, 2020 |  |  | 6,535 |  |  |  | 1.55 |  |  |  | 1,041 |  |  |  | 7.3 |
Exercised |  |  | (1,163 | ) |  |  | 0.31 |  |  |  | 1,146 |  |  |  |  |
Expired |  |  | (245 | ) |  |  | 7.90 |  |  |  |  |  |  |  |  |
Balance, December 31, 2021 |  |  | 5,127 |  |  | $ | 1.52 |  |  | $ | — |  |  |  | 8.3 |
Summary of Outstanding Awards Issued Pursuant to Share-based Payment Award Plans and Inducement Grants | The following table summarizes the outstanding awards issued pursuant to our share-based payment award plans and inducement grants as of December 31, 2021 and the remaining shares of common stock available for future issuance (in thousands):
Plan Name |  | Options |  |  | RSUs |  |  | PSUs (1) |  |  | Remaining shares of common stock available for future issuance (2) |
2019 Plan (3) |  |  | 3,332 |  |  |  | 10,174 |  |  |  | 5,193 |  |  |  | 13,054 |
2012 Plan (4) |  |  | 4,601 |  |  |  | — |  |  |  | — |  |  |  | — |
2009 Plan (5) |  |  | 9,722 |  |  |  | — |  |  |  | — |  |  |  | — |
2021 Inducement Grants (6) |  |  | — |  |  |  | 3,410 |  |  |  | 3,010 |  |  |  | — |
| (1) | The number of PSUs represents the base number of PSUs that may vest. The actual number of PSUs that will vest will be between zero and 11,687,530 depending on the Company’s achievement of certain performance goals.
| (2) | The number of remaining shares of common stock available for future issuance is based on an assumption that the maximu m performance goals for PSUs were achieved, where applicable.
| (3) | As of December 31, 2021, outstanding options have exercise prices ranging from $1.07 to $2.73 and will expire between January 2022 and June 2030. Unvested RSUs will vest between January 2022 and December 2024. If and when certain performance goals are achieved, then unvested PSUs will vest between June 2022 and March 2024.
| (4) | As of December 31, 2021, outstanding options have exercise prices ranging from $2.55 to $8.92 and will expire between March 2022 and February 2029.
| (5) | As of December 31, 2021, outstanding options have exercise prices ranging from $1.80 to $8.92 and will expire between January 2022 and February 2029.
| (6) | As of December 31, 2021, unvested RSUs will vest between August 2022 and October 2024 and unvested PSUs upon achievement of certain performance goals will vest between October 15, 2022 and August 2024.
Summary of Stock Option Activity | The following table summarizes the status of our outstanding and exercisable options and related transactions, including the Exchange Offer, for each for the following years (in thousands, except weighed average exercise price and weighted average remaining contractual life data):
|  | Options awards outstanding |  |  | Options awards exercisable |
|  | Options Awards |  |  | Weighted Average Exercise Price |  |  | Aggregate Intrinsic Value |  |  | Weighted Average Remaining Contractual Life (in Years) |  |  | Options Awards |  |  | Weighted Average Exercise Price |  |  | Aggregate Intrinsic Value |  |  | Weighted Average Remaining Contractual Life (in Years) |
Balance, January 1, 2019 |  |  | 20,873 |  |  | $ | 4.93 |  |  | $ | 12,240 |  |  |  | 5.9 |  |  |  | 16,069 |  |  | $ | 4.61 |  |  | $ | 12,240 |  |  |  | 5.1 |
Granted |  |  | 4,620 |  |  |  | 3.10 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exercised |  |  | (344 | ) |  |  | 0.32 |  |  |  | 1,427 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cancelled/Forfeited |  |  | (93 | ) |  |  | 5.16 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expired |  |  | (26 | ) |  |  | 5.57 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2019 |  |  | 25,030 |  |  |  | 4.65 |  |  |  | 3,668 |  |  |  | 5.8 |  |  |  | 18,026 |  |  |  | 4.88 |  |  |  | 3,320 |  |  |  | 4.6 |
Granted |  |  | 737 |  |  |  | 1.58 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exercised |  |  | (1,182 | ) |  |  | 0.23 |  |  |  | 1,739 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cancelled/Forfeited |  |  | (416 | ) |  |  | 3.80 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expired |  |  | (387 | ) |  |  | 3.76 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2020 |  |  | 23,782 |  |  |  | 4.80 |  |  |  | 152 |  |  |  | 5.2 |  |  |  | 19,863 |  |  |  | 5.06 |  |  |  | 117 |  |  |  | 4.6 |
Granted |  |  | 60 |  |  |  | 1.21 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exercised |  |  | (111 | ) |  |  | 0.03 |  |  |  | 61 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cancelled/Forfeited |  |  | (5,048 | ) |  |  | 6.01 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expired |  |  | (1,028 | ) |  |  | 4.02 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2021 |  |  | 17,655 |  |  | $ | 4.52 |  |  | $ | — |  |  |  | 3.8 |  |  |  | 16,776 |  |  | $ | 4.62 |  |  | $ | — |  |  |  | 3.6 |
Summary of Unrecognized Share Based Compensation Cost Expected to be Recognized | The unrecognized compensation cost as of December 31, 2021is expected to be recognized as share-based payment award compensation over a weighted average period of 2.1 years as follows (in thousands):
Year ending December 31, |  |  |  |
2022 |  | $ | 8,646 |
2023 |  |  | 5,199 |
2024 |  |  | 2,355 |
|  | $ | 16,200 |
Restricted Stock Units [Member] |
Schedule of RSUs and PSUs | The following table summarizes the status of our RSUs and related transactions, including the Exchange Offer, for each for the following years (in thousands, except weighed average grant date fair value):
|  | RSUs awards outstanding |  |  | RSUs awards vested and not settled |
|  | RSUs |  |  | Weighted Average Grant Date Fair Value |  |  | Aggregate Intrinsic Value |  |  | RSUs |  |  | Weighted Average Grant Date Fair Value |  |  | Aggregate Intrinsic Value |
Balance, January 1, 2019 |  |  | 1,040 |  |  | $ | 4.06 |  |  | $ | 3,962 |  |  |  | — |  |  | $ | — |  |  | $ | — |
Granted |  |  | 200 |  |  |  | 2.18 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2019 |  |  | 1,240 |  |  |  | 3.56 |  |  |  | 3,001 |  |  |  | 150 |  |  |  | 4.06 |  |  |  | 363 |
Granted |  |  | 6,153 |  |  |  | 1.39 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Vested and settled |  |  | (301 | ) |  |  | 1.78 |  |  |  | 479 |  |  |  |  |  |  |  |  |  |  |  |  |
Cancelled/Forfeited |  |  | (31 | ) |  |  | 1.07 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2020 |  |  | 7,061 |  |  |  | 1.76 |  |  |  | 8,544 |  |  |  | — |  |  |  | — |  |  |  | — |
Granted |  |  | 12,977 |  |  |  | 1.05 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Vested and settled |  |  | (5,126 | ) |  |  | 1.57 |  |  |  | 4,021 |  |  |  |  |  |  |  |  |  |  |  |  |
Cancelled/Forfeited |  |  | (1,328 | ) |  |  | 1.47 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2021 |  |  | 13,584 |  |  | $ | 1.16 |  |  | $ | 4,890 |  |  |  | 1,573 |  |  | $ | 2.11 |  |  | $ | 566 |
Performance Shares Unit [Member] |
Schedule of RSUs and PSUs | The following table summarizes the status of our PSUs and related transactions for each for the following years (in thousands, except weighed average grant date fair value):
|  | PSUs awards outstanding |  |  | PSUs awards vested and not settled |
|  | PSUs |  |  |  | Weighted Average Grant Date Fair Value |  |  | Aggregate Intrinsic Value |  |  | PSUs |  |  | Weighted Average Grant Date Fair Value |  |  | Aggregate Intrinsic Value |
Balance, January 1, 2019 |  |  | — |  |  |  | $ | — |  |  | $ | — |  |  |  | — |  |  | $ | — |  |  | $ | — |
Granted |  |  | 2,586 |  |  |  |  | 1.08 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Vested and settled |  |  | (152 | ) |  |  |  | 1.14 |  |  |  | 226 |  |  |  |  |  |  |  |  |  |  |  |  |
Cancelled/Forfeited |  |  | (30 | ) |  |  |  | 1.07 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2020 |  |  | 2,404 |  |  |  |  | 1.08 |  |  |  | 2,909 |  |  |  | — |  |  |  | — |  |  |  | — |
Granted |  |  | 7,597 |  |  |  |  | 1.04 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Vested and settled |  |  | (1,680 | ) |  |  |  | 1.16 |  |  |  | 1,057 |  |  |  |  |  |  |  |  |  |  |  |  |
Cancelled/Forfeited |  |  | (118 | ) |  |  |  | 1.07 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Balance, December 31, 2021 |  |  | 8,203 |  | (1) |  | $ | 1.03 |  |  | $ | 2,953 |  |  |  | 1,968 |  |  | $ | 1.18 |  |  | $ | 709 |
| (1) | The number of PSUs represents the base number of PSUs that may vest. The actual number of PSUs that will vest will be between zero and 11,687,530 depending on the Company’s achievement of certain performance goals.

X
- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for warrants that were outstanding at the beginning and end of the year, vested and expected to vest, exercisable or convertible at the end of the year, and the number of warrants that were granted, exercised, forfeited, and expired during the year. + References No definition available. + Details
Name: | txmd_ScheduleOfWarrantRollForwardTableTextBlock
Namespace Prefix: | txmd_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of an equity-based arrangement (such as stock or unit options and stock or unit awards) with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain equity-based awards at future dates, sometimes including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares or units issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 710 -SubTopic 10 -Section 30 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6409875&loc=d3e20015-108363 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 710 -SubTopic 10 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6409961&loc=d3e20517-108367 + Details
Name: | us-gaap_ScheduleOfDeferredCompensationArrangementWithIndividualShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (i) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_PerformanceSharesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |