2019 Q3 Form 10-Q Financial Statement

#000138713119005935 Filed on August 09, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2019 Q2 2019 Q1
Revenue $23.72M $6.079M $3.950M
YoY Change 583.54% 61.55% 4.77%
Cost Of Revenue $1.440M $1.249M $760.0K
YoY Change 105.71% 174.98% 20.63%
Gross Profit $22.28M $4.830M $3.180M
YoY Change 704.15% 45.97% 1.27%
Gross Profit Margin 93.91% 79.45% 80.51%
Selling, General & Admin $45.13M $41.39M $34.86M
YoY Change 48.7% 40.45% 67.92%
% of Gross Profit 202.6% 856.88% 1096.23%
Research & Development $4.080M $4.964M $6.320M
YoY Change -39.2% -26.98% -10.23%
% of Gross Profit 18.32% 102.78% 198.74%
Depreciation & Amortization $140.0K $66.56K $110.0K
YoY Change 100.0% 63.22% 83.33%
% of Gross Profit 0.63% 1.38% 3.46%
Operating Expenses $49.35M $46.47M $41.29M
YoY Change 32.91% 27.9% 48.21%
Operating Profit -$27.08M -$41.64M -$38.11M
YoY Change -21.2% 26.09% 54.17%
Interest Expense -$5.600M $4.029M -$2.090M
YoY Change 173.17% 658.14%
% of Operating Profit
Other Income/Expense, Net $700.0K -$13.60M $690.0K
YoY Change -13.58% 6798.33% 122.58%
Pretax Income -$31.97M -$55.24M -$39.51M
YoY Change -10.22% 66.28% 61.93%
Income Tax
% Of Pretax Income
Net Earnings -$31.97M -$55.24M -$39.51M
YoY Change -10.23% 66.28% 61.9%
Net Earnings / Revenue -134.77% -908.65% -1000.16%
Basic Earnings Per Share
Diluted Earnings Per Share -$132.5K -$229.0K -$163.9K
COMMON SHARES
Basic Shares Outstanding 241.2B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q3 2019 Q2 2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $155.3M $182.8M $122.9M
YoY Change -18.26% 18.39% 14.54%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $10.60M $7.800M $9.800M
YoY Change 63.08% 50.0% 92.16%
Inventory $10.50M $7.494M $5.000M
Prepaid Expenses
Receivables $15.30M $18.38M $14.90M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $191.8M $216.5M $152.6M
YoY Change -9.4% 29.54% 28.02%
LONG-TERM ASSETS
Property, Plant & Equipment $12.80M $1.432M $700.0K
YoY Change 3100.0% 258.03% 75.0%
Goodwill
YoY Change
Intangibles $4.688M
YoY Change
Long-Term Investments
YoY Change
Other Assets $500.0K $4.000M $4.100M
YoY Change -44.44% 344.44% 1950.0%
Total Long-Term Assets $58.20M $28.66M $29.30M
YoY Change 131.87% 497.05% 671.05%
TOTAL ASSETS
Total Short-Term Assets $191.8M $216.5M $152.6M
Total Long-Term Assets $58.20M $28.66M $29.30M
Total Assets $250.0M $246.6M $181.9M
YoY Change 5.57% 43.43% 47.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $24.10M $19.50M $25.40M
YoY Change 111.4% 71.05% 303.17%
Accrued Expenses $33.70M $14.00M $12.50M
YoY Change 120.26% 79.49% 68.92%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $67.30M $41.88M $45.00M
YoY Change 129.69% 97.53% 186.62%
LONG-TERM LIABILITIES
Long-Term Debt $194.4M $194.1M $73.50M
YoY Change 165.21% 165.52%
Other Long-Term Liabilities $9.500M $2.500M $2.700M
YoY Change
Total Long-Term Liabilities $203.9M $194.1M $76.20M
YoY Change 178.17% 165.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $67.30M $41.88M $45.00M
Total Long-Term Liabilities $203.9M $194.1M $76.20M
Total Liabilities $271.2M $238.5M $121.2M
YoY Change 164.59% 152.61% 671.97%
SHAREHOLDERS EQUITY
Retained Earnings -$614.0M
YoY Change
Common Stock $622.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$21.20M $8.094M $60.69M
YoY Change
Total Liabilities & Shareholders Equity $250.0M $246.6M $181.9M
YoY Change 5.57% 43.43% 47.89%

Cashflow Statement

Concept 2019 Q3 2019 Q2 2019 Q1
OPERATING ACTIVITIES
Net Income -$31.97M -$55.24M -$39.51M
YoY Change -10.23% 66.28% 61.9%
Depreciation, Depletion And Amortization $140.0K $66.56K $110.0K
YoY Change 100.0% 63.22% 83.33%
Cash From Operating Activities -$26.22M -$50.52M -$38.16M
YoY Change -23.04% 102.48% 94.2%
INVESTING ACTIVITIES
Capital Expenditures -$1.300M -$1.190M -$670.0K
YoY Change -93.61% 283.87% 294.12%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$20.00K $0.00
YoY Change -100.0%
Cash From Investing Activities -$1.300M -$1.210M -$670.0K
YoY Change -93.61% 290.32% 272.22%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 10.00K 111.7M 100.0K
YoY Change -99.99% 54.48% 150.0%
NET CHANGE
Cash From Operating Activities -26.22M -50.52M -38.16M
Cash From Investing Activities -1.300M -1.210M -670.0K
Cash From Financing Activities 10.00K 111.7M 100.0K
Net Change In Cash -27.51M 59.96M -38.73M
YoY Change -177.25% 27.47% 95.7%
FREE CASH FLOW
Cash From Operating Activities -$26.22M -$50.52M -$38.16M
Capital Expenditures -$1.300M -$1.190M -$670.0K
Free Cash Flow -$24.92M -$49.33M -$37.49M
YoY Change 81.5% 100.2% 92.45%

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11486 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1876171 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-491883 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
100107 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1128996 USD
us-gaap Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
-81660719 USD
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
200000000 USD
us-gaap Proceeds From Other Debt
ProceedsFromOtherDebt
75000000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
-6652270 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
-3786918 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
111787118 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
72342078 USD
us-gaap Cash Period Increase Decrease
CashPeriodIncreaseDecrease
21233224 USD
us-gaap Cash Period Increase Decrease
CashPeriodIncreaseDecrease
27251302 USD
CY2018Q4 us-gaap Cash
Cash
161613077 USD
CY2017Q4 us-gaap Cash
Cash
127135628 USD
CY2019Q2 us-gaap Cash
Cash
182846301 USD
CY2018Q2 us-gaap Cash
Cash
154386930 USD
us-gaap Interest Paid Net
InterestPaidNet
6989570 USD
us-gaap Nature Of Operations
NatureOfOperations
<div style="display: inline; text-decoration: underline; font: bold 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 – THE COMPANY</b></span></div> <div style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify"> </div> <div style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify">TherapeuticsMD, Inc., a Nevada corporation, or TherapeuticsMD or the Company, has three wholly owned subsidiaries, vitaMedMD, LLC, a Delaware limited liability company, or VitaMed; BocaGreenMD, Inc., a Nevada corporation, or BocaGreen; and VitaCare Prescription Services, Inc., a Florida corporation, or VitaCare. Unless the context otherwise requires, TherapeuticsMD, VitaMed, BocaGreen, and VitaCare collectively are sometimes referred to as “our company,” “we,” “our,” or “us.”</div> <div style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify"> </div> <div style="font:10pt Times New Roman, Times, Serif;margin:0pt 0"> <div style="display:inline;text-decoration:underline">Nature of Business</div></div> <div style="font:10pt Times New Roman, Times, Serif;margin:0pt 0"> </div> <div style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify">We are a women’s healthcare company focused on creating and commercializing innovative products to support the lifespan of women and championing awareness of women’s healthcare issues, specifically, for pregnancy prevention, pregnancy, childbirth, nursing, pre-menopause, and menopause. At TherapeuticsMD, we combine entrepreneurial spirit, clinical expertise, and business leadership to develop and commercialize health solutions that enable new standards of care for women. Our solutions range from advanced hormone therapy pharmaceutical products to patient-controlled, long-acting contraceptive. We also manufacture and distribute branded and generic prescription prenatal vitamins under the vitaMedMD<sup>®</sup> and BocaGreenMD<sup>®</sup> brands.</div> <div style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify"> </div> <div style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify">With our SYMBODA™ technology, we are developing and commercializing advanced hormone therapy pharmaceutical products to enable delivery of bio-identical hormones through a variety of dosage forms and administration routes. Our track record of commercialization allows us to efficiently leverage and grow our marketing and sales organization to commercialize our recently approved products.</div> <div style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify"> </div> <div style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify">During 2018 , U.S. Food and Drug Administration, or FDA, approval of our drugs has transitioned our company from predominately focused on conducting research and development to one focused on commercializing our drugs. In July 2018, we launched our FDA-approved product, IMVEXXY® (estradiol vaginal inserts) for the treatment of moderate-to-severe dyspareunia (vaginal pain associated with sexual activity), a symptom of vulvar and vaginal atrophy, or VVA, due to menopause. In April 2019, we launched BIJUVA®, our hormone therapy combination of bio-identical 17 ß-estradiol and bio-identical progesterone in a single, oral softgel capsule, for the treatment of moderate-to-severe vasomotor symptoms, or VMS, due to menopause in women with a uterus. We are also focused on commercialization activities necessary for launch of ANNOVERA™ (segesterone acetate/ethinyl estradiol vaginal system), the first and only patient-controlled, procedure-free, reversible prescription contraceptive that can prevent unintended pregnancy for up to a full year, which was approved by the FDA on August 10, 2018. On July 30, 2018, we entered into a license and supply agreement with Knight Therapeutics Inc., or Knight, pursuant to which we granted Knight an exclusive license to commercialize IMVEXXY and BIJUVA in Canada and Israel. In addition, on July 30, 2018, we entered into an exclusive license agreement, or the Council License Agreement, with the Population Council, Inc., or the Population Council, to commercialize ANNOVERA in the U.S. On June 6, 2019, we entered into an exclusive license and supply agreement with Theramex HQ UK Limited, or Theramex, a leading, global specialty pharmaceutical company dedicated to women’s health, to commercialize BIJUVA and IMVEXXY outside of the U.S., excluding Canada and Israel.</div>
CY2019Q2 txmd Number Of Subsidiares
NumberOfSubsidiares
3 pure
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3800000 USD
CY2019Q1 us-gaap Operating Lease Liability
OperatingLeaseLiability
4100000 USD
txmd Shelf Life Of Prescription Products
ShelfLifeOfPrescriptionProducts
P24M
txmd Enrolled Patients
EnrolledPatients
35 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
6078865 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3763010 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
10025516 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7536402 USD
CY2019Q2 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
550757 USD
CY2019Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
4382969 USD
CY2018Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2908958 USD
CY2019Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
439993 USD
CY2018Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
339312 USD
CY2019Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
2671478 USD
CY2018Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
19400 USD
CY2019Q2 us-gaap Inventory Net
InventoryNet
7494440 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
3267670 USD
CY2019Q2 txmd Prepaid Sales And Marketing Costs Current
PrepaidSalesAndMarketingCostsCurrent
2568100 USD
CY2018Q4 txmd Prepaid Sales And Marketing Costs Current
PrepaidSalesAndMarketingCostsCurrent
5148789 USD
CY2018Q4 us-gaap Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
1898074 USD
CY2019Q2 us-gaap Prepaid Insurance
PrepaidInsurance
686891 USD
CY2018Q4 us-gaap Prepaid Insurance
PrepaidInsurance
790465 USD
CY2019Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
3933300 USD
CY2018Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
2997365 USD
CY2019Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
7739048 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
10834693 USD
CY2019Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2118817 USD
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1026313 USD
CY2019Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
686680 USD
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
553630 USD
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1432137 USD
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
472683 USD
CY2019Q2 us-gaap Depreciation
Depreciation
66556 USD
CY2018Q2 us-gaap Depreciation
Depreciation
40777 USD
us-gaap Depreciation
Depreciation
133049 USD
us-gaap Depreciation
Depreciation
79201 USD
CY2019Q2 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
5058452 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
370338 USD
CY2019Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4688114 USD
CY2018Q4 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
4477391 USD
CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
384712 USD
CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
4092679 USD
txmd Intangible Written Offf
IntangibleWrittenOfff
78864 USD
CY2019Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
48503 USD
CY2018Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
24826 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
88948 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
46023 USD
CY2019Q2 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
35240 USD
CY2018Q4 us-gaap Accounts Payable And Accrued Liabilities Current
AccountsPayableAndAccruedLiabilitiesCurrent
375573 USD
CY2019Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
22376617 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
96008 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
196017 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
196017 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
196017 USD
CY2019Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
196017 USD
CY2019Q2 txmd Cash Upfront Payment Due
CashUpfrontPaymentDue
14000000 EUR
CY2019Q2 txmd Regulatory Milestone Payment Due
RegulatoryMilestonePaymentDue
2000000 EUR
CY2019Q2 txmd Sales Milestone Payments
SalesMilestonePayments
27500000 EUR
CY2019Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
5115082 USD
CY2018Q4 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
6854002 USD
CY2019Q2 txmd Sales Discounts Returns And Allowances Goods1
SalesDiscountsReturnsAndAllowancesGoods1
6340450 USD
CY2018Q4 txmd Sales Discounts Returns And Allowances Goods1
SalesDiscountsReturnsAndAllowancesGoods1
5294120 USD
CY2019Q2 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
2107696 USD
CY2018Q4 us-gaap Accrued Marketing Costs Current
AccruedMarketingCostsCurrent
2288028 USD
CY2019Q2 us-gaap Accrued Vacation Current
AccruedVacationCurrent
1492131 USD
CY2018Q4 us-gaap Accrued Vacation Current
AccruedVacationCurrent
1178110 USD
CY2019Q2 txmd Allowance For Wholesale Distributor Fees Current
AllowanceForWholesaleDistributorFeesCurrent
2077444 USD
CY2018Q4 txmd Allowance For Wholesale Distributor Fees Current
AllowanceForWholesaleDistributorFeesCurrent
792891 USD
CY2019Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
367898 USD
CY2018Q4 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
385824 USD
CY2019Q2 txmd Accrued Research And Development
AccruedResearchAndDevelopment
1402600 USD
CY2018Q4 txmd Accrued Research And Development
AccruedResearchAndDevelopment
388675 USD
CY2019Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1187029 USD
CY2018Q4 us-gaap Accrued Rent Current
AccruedRentCurrent
365155 USD
CY2019Q2 txmd Accrued Rebates
AccruedRebates
2251047 USD
CY2018Q4 txmd Accrued Rebates
AccruedRebates
412570 USD
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
18334948 USD
CY2019Q2 txmd Repayment Of Debt With New Credit Facility
RepaymentOfDebtWithNewCreditFacility
81661000 USD
CY2019Q2 txmd Prepayment Fee
PrepaymentFee
0.04 pure
CY2019Q2 txmd Repayment Fee Percent
RepaymentFeePercent
0.04 pure
CY2019Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-10057632 USD
CY2019Q2 txmd Deferred Financing Fees
DeferredFinancingFees
6652270 USD
txmd Amortization Of Deferred Financing Fees
AmortizationOfDeferredFinancingFees
196734 USD
CY2019Q2 txmd Amortization Of Deferred Financing Fees
AmortizationOfDeferredFinancingFees
196734 USD
us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
3985000 USD
CY2019Q2 us-gaap Interest Expense Borrowings
InterestExpenseBorrowings
3985000 USD
CY2019Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.11 pure
CY2019Q2 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
5904780 USD
CY2018Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
1618986 USD
CY2019Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
194095220 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
73381014 USD
CY2019Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
24945040 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
24945040 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
28218470 shares
CY2018Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
28218470 shares
CY2019Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2019Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
350000000 shares
CY2019Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
241221840 shares
CY2019Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
241221840 shares
txmd Number Of Stock Options Exercised
NumberOfStockOptionsExercised
276383 shares
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
100107 USD
txmd Number Of Stock Options Exercised In Cashless Exercise
NumberOfStockOptionsExercisedInCashlessExercise
12097 shares
txmd Number Of Common Stock Issued During Period For Stock Options Exercised In Cashless Exercise Shares
NumberOfCommonStockIssuedDuringPeriodForStockOptionsExercisedInCashlessExerciseShares
11834 shares
txmd Number Of Stock Options Exercised In Cashless Exercise
NumberOfStockOptionsExercisedInCashlessExercise
10000 shares
txmd Number Of Common Stock Issued During Period For Stock Options Exercised In Cashless Exercise Shares
NumberOfCommonStockIssuedDuringPeriodForStockOptionsExercisedInCashlessExerciseShares
9841 shares
CY2019Q2 us-gaap Warrants And Rights Outstanding
WarrantsAndRightsOutstanding
1832571 USD
txmd Warrants And Rights Weighted Average Contractual Remaining Life
WarrantsAndRightsWeightedAverageContractualRemainingLife
P2Y6M
CY2019Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
139000 USD
CY2019Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
16812383 shares
CY2019Q2 txmd Plan Awards Number Of New Shares
PlanAwardsNumberOfNewShares
14362500 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.57
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
3.15
CY2019Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2230829 USD
CY2018Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2212241 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4374069 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3872125 USD
CY2019Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
11606000 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
172651 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
176968 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
1228504 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
4602153 USD
CY2019Q2 txmd Lessee Operating Lease Liability Imputed Interest Amount
LesseeOperatingLeaseLiabilityImputedInterestAmount
927023 USD
CY2019Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
3675130 USD
CY2019Q2 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
13300000 USD
CY2019Q2 txmd Operating Leases Future Minimum Variable Payments Due Future Minimum
OperatingLeasesFutureMinimumVariablePaymentsDueFutureMinimum
6400000 USD
CY2019Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
295000 USD
CY2019Q2 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
974000 USD
CY2018Q2 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
1266000 USD
CY2019Q2 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
243000 USD
CY2018Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
88000 USD
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.60 pure
us-gaap Concentration Risk Percentage1
ConcentrationRiskPercentage1
0.71 pure
CY2019Q2 txmd Reimbursement From Landlord Tenant Improvements
ReimbursementFromLandlordTenantImprovements
1800000 USD
txmd Schedule Of Supplemental Lease Information And Cash Flow Information
ScheduleOfSupplementalLeaseInformationAndCashFlowInformation
<div style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:center"> </div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:60%;font:10pt Times New Roman, Times, Serif;margin:auto"> <tbody> <tr style="vertical-align:bottom;font-family:Times New Roman, Times, Serif"> <td style="text-align:center;border-bottom:Black 1pt solid;font-family:Times New Roman, Times, Serif"> <div style="display:inline;font-weight:bold">Supplemental lease information as of June 30, 2019</div></td> <td style="padding-bottom:1pt;font-family:Times New Roman, Times, Serif"> <div style="display:inline;font-weight:bold"> </div></td> <td colspan="2" style="font-family:Times New Roman, Times, Serif"> <div style="display:inline;font-weight:bold"> </div></td> <td style="padding-bottom:1pt;font-family:Times New Roman, Times, Serif"> <div style="display:inline;font-weight:bold"> </div></td></tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255);font-family:Times New Roman, Times, Serif"> <td style="width:44%;text-align:left;font-family:Times New Roman, Times, Serif">Right-of-use asset (included in Other assets)</td> <td style="width:2%;font-family:Times New Roman, Times, Serif"> </td> <td style="width:1%;text-align:left;font-family:Times New Roman, Times, Serif">$</td> <td style="width:12%;text-align:right;font-family:Times New Roman, Times, Serif">3,316,436</td> <td style="width:1%;text-align:left;font-family:Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align:bottom;background-color:White;font-family:Times New Roman, Times, Serif"> <td style="text-align:left;font-family:Times New Roman, Times, Serif">Short-term operating lease liability (included in Other current liabilities)</td> <td style="font-family:Times New Roman, Times, Serif"> </td> <td style="text-align:left;font-family:Times New Roman, Times, Serif">$</td> <td style="text-align:right;font-family:Times New Roman, Times, Serif">1,187,029</td> <td style="text-align:left;font-family:Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255);font-family:Times New Roman, Times, Serif"> <td style="text-align:left;font-family:Times New Roman, Times, Serif">Long-term operating lease liability</td> <td style="font-family:Times New Roman, Times, Serif"> </td> <td style="text-align:left;font-family:Times New Roman, Times, Serif">$</td> <td style="text-align:right;font-family:Times New Roman, Times, Serif">2,488,101</td> <td style="text-align:left;font-family:Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align:bottom;background-color:White;font-family:Times New Roman, Times, Serif"> <td style="font-family:Times New Roman, Times, Serif">Weighted average remaining term</td> <td style="font-family:Times New Roman, Times, Serif"> </td> <td style="text-align:left;font-family:Times New Roman, Times, Serif"> </td> <td style="text-align:right;font-family:Times New Roman, Times, Serif"> <div style="display:inline;font-family:Times New Roman, Times, Serif;font-size:10pt">5Years</div></td> <td style="text-align:left;font-family:Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255);font-family:Times New Roman, Times, Serif"> <td style="font-family:Times New Roman, Times, Serif">Weighted average discount rate</td> <td style="font-family:Times New Roman, Times, Serif"> </td> <td style="text-align:left;font-family:Times New Roman, Times, Serif"> </td> <td style="text-align:right;font-family:Times New Roman, Times, Serif">8.25</td> <td style="text-align:left;font-family:Times New Roman, Times, Serif">%</td></tr></tbody> </table> <div style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify"> </div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:60%;font:10pt Times New Roman, Times, Serif;margin:auto"> <tbody> <tr style="vertical-align:bottom;font-family:Times New Roman, Times, Serif"> <td style="text-align:center;border-bottom:Black 1pt solid;font-family:Times New Roman, Times, Serif"> <div style="display:inline;font-weight:bold">Supplemental cash flow information<br/>for the six months ended June 30, 2019</div></td> <td style="padding-bottom:1pt;font-family:Times New Roman, Times, Serif"> <div style="display:inline;font-weight:bold"> </div></td> <td colspan="2" style="font-family:Times New Roman, Times, Serif"> <div style="display:inline;font-weight:bold"> </div></td> <td style="padding-bottom:1pt;font-family:Times New Roman, Times, Serif"> <div style="display:inline;font-weight:bold"> </div></td></tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255);font-family:Times New Roman, Times, Serif"> <td style="width:44%;text-align:left;font-family:Times New Roman, Times, Serif">Cash paid for amounts included in the measurement of lease liabilities for operating lease</td> <td style="width:2%;font-family:Times New Roman, Times, Serif"> </td> <td style="width:1%;text-align:left;font-family:Times New Roman, Times, Serif">$</td> <td style="width:12%;text-align:right;font-family:Times New Roman, Times, Serif">564,092</td> <td style="width:1%;text-align:left;font-family:Times New Roman, Times, Serif"> </td></tr> <tr style="vertical-align:bottom;background-color:White;font-family:Times New Roman, Times, Serif"> <td style="text-align:left;font-family:Times New Roman, Times, Serif">Right-of-use assets obtained in exchange for lease obligation</td> <td style="font-family:Times New Roman, Times, Serif"> </td> <td style="text-align:left;font-family:Times New Roman, Times, Serif">$</td> <td style="text-align:right;font-family:Times New Roman, Times, Serif">3,760,171</td> <td style="text-align:left;font-family:Times New Roman, Times, Serif"> </td></tr></tbody> </table> <div style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify"> </div>
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
3316436 USD
CY2019Q2 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
1187029 USD
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
2488101 USD
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0825 pure
CY2019Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
564092 USD
CY2019Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3760171 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
595649 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1292914 USD
CY2019Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1135467 USD
us-gaap Operating Lease Expense
OperatingLeaseExpense
590000 USD
CY2019Q2 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
257000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
515000 USD

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