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Stockholders’ Equity
3 Months Ended
Mar. 31, 2026
Stockholders’ Equity [Abstract]  
Stockholders’ Equity

7. Stockholders’ equity

 

Warrants

 

As of March 31, 2026, the following table summarizes the status of our outstanding and exercisable warrants and related transactions since December 31, 2025 (in thousands, except weighted 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, as of December 31, 2025   98   $63.33   $
        —
    4.6 
Balance, as of March 31, 2026   98   $63.33   $
    4.3 

 

Share-based compensation payment plans

 

As of March 31, 2026, 105,212 shares of common stock were subject to outstanding awards under our share-based payment award plans and inducement grants. As of March 31, 2026, 429,529 shares of common stock were available for future grants of share-based payment awards under the TherapeuticsMD, Inc. 2019 Stock Incentive Plan.

The following table summarizes the status of our outstanding and exercisable options and related transactions since December 31, 2025 (in thousands, except weighted average exercise price and weighted average remaining contractual life data):

 

   Outstanding   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, as of December 31, 2025   105   $74.05   $
    7.3    105   $74.04   $
    7.3 
Balance, as of March 31, 2026   105   $73.18   $
    7.1    105   $73.17   $
    7.1 

 

The following table summarizes the status of our RSUs and related transactions since December 31, 2025 (in thousands, except weighted average grant date fair value):

 

   RSUs awards outstanding 
   RSUs   Weighted
Average
Grant Date
Fair Value
   Aggregate
Intrinsic
Value
 
Balance, as of December 31, 2025   26   $1.15   $41.57 
Balance, as of March 31, 2026   26   $1.15   $
 

 

As of March 31, 2026 and December 31, 2025, there were no outstanding PSUs remaining. 

Share-based payment compensation cost

 

Share-based payment compensation expense for PSUs is based on 100% vesting which was a part of the termination benefits for all employees who were terminated in 2022. We recorded share-based payment award compensation costs related to previously issued options, RSU and PSUs totaling $2 and $23 thousand for the three months ended March 31, 2026 and 2025, respectively.

 

The unrecognized compensation costs as of March 31, 2026 of $25 thousand are expected to be recognized as share-based payment award compensation related to unvested RSUs over a weighted average period of 2.6 years. No tax benefit was realized due to a continued pattern of net losses.