Private company

TREX WIND-DOWN, INC.

American pharmaceutical preparations company based in Basking Ridge. Summary from the record

Last updated Oct 19, 2026.

Overview

IndustryPharmaceutical Preparations¹
HeadquartersWarren, New Jersey¹
Incorporated inDE²
Business address3 Mountainview Road, Suite 100, Warren, Nj 07059²
Filer categoryNon-accelerated filer, Smaller reporting company²
Legal formCorporation

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2022

-23125.9%Operating margin³

-23299.0%Net margin³

-90.6%Revenue growth, 2022³

-370.2%Return on equity³

-$15.9MFree cash flow³

Where the money goes

Where each dollar of revenue went, fiscal 2022

Research and developmentSelling, general and admin

Research and development61¢$9.3M
Selling, general and admin39¢$6.0M
Income tax0¢$7.6K

Out of $83.2K in revenue.³ The company lost money this year.

Financial statements

Revenue⁴⁵⁶⁷³$83.2K in 2022+30% since 2016

Gross profit⁴⁵⁸⁶-$26.0K in 2019−85% since 2016

Operating income⁴⁵⁸⁶⁷³-$19.2M in 2022+27% since 2016

Net income⁴⁵⁸⁶⁷³-$19.4M in 2022+24% since 2016

Fiscal year	2016	2017	2018	2019	2020	2021	2022
Revenue	$64.0K⁴	$100.0K⁵	$73.0K⁵	$57.0K⁶	$453.8K⁷	$886.5K³	$83.2K³
Cost of revenue	$237.0K⁴	$516.0K⁵	$250.0K⁸	$83.0K⁶
Gross profit	-$173.0K⁴	-$416.0K⁵	-$177.0K⁸	-$26.0K⁶
Research and development	$5.7M⁴	$10.2M⁵	$9.1M⁸	$9.1M⁶	$2.7M⁷	$6.1M³	$9.3M³
Selling, general and admin					$4.1M⁷	$5.4M³	$6.0M³
Operating expenses						$11.5M³	$19.3M³
Operating income	-$15.2M⁴	-$18.4M⁵	-$16.9M⁸	-$16.5M⁶	-$20.2M⁷	-$10.7M³	-$19.2M³
Interest		$145.0K⁵
Income before tax						-$10.7M³	-$19.4M³
Income tax	$4.0K⁴	$2.0K⁵	$2.0K⁸	$2.0K⁶	$37.8K⁷	-$30.2K³	$7.6K³
Net income	-$15.6M⁴	-$18.4M⁵	-$16.6M⁸	-$17.3M⁶	-$15.1M⁷	-$10.6M³	-$19.4M³
Earnings per share					-$0.97⁷	-$13.31³	-$9.19³
Earnings per share (diluted)					-$0.97⁷	-$13.31³	-$9.19³
Shares (weighted, basic)						808.8K shares³	2.1M shares³
Shares (weighted, diluted)						808.8K shares³	2.1M shares³

Total assets⁴⁵⁸¹¹⁷³$10.3M in 2022+112% since 2016

Total liabilities⁴⁵⁸¹¹⁷³$5.0M in 2022+80% since 2016

Shareholders’ equity⁵⁸⁶⁷³$5.2M in 2022+155% since 2016

Cash⁵⁸¹¹⁷³$9.1M in 2022+125% since 2016

Fiscal year	2016	2017	2018	2019	2020	2021	2022
Cash	$4.0M⁵	$6.5M⁸	$7.6M⁸	$57.1K¹¹	$10.3M⁷	$16.8M³	$9.1M³
Current assets	$4.4M⁴	$6.8M⁵	$8.0M⁸	$89.9K¹¹	$10.7M⁷	$17.1M³	$9.8M³
Property, plant and equipment						$16.4K³	$19.4K³
Total assets	$4.9M⁴	$7.1M⁵	$8.1M⁸	$89.9K¹¹	$11.6M⁷	$17.9M³	$10.3M³
Accounts payable						$953.3K³	$1.4M³
Current liabilities	$2.8M⁴	$3.7M⁵	$3.0M⁸	$1.5M¹¹	$1.4M⁷	$4.2M³	$5.0M³
Total liabilities	$2.8M⁴	$4.1M⁵	$3.0M⁸	$1.5M¹¹	$2.1M⁷	$4.6M³	$5.0M³
Retained earnings						-$28.9M³	-$48.3M³
Shareholders’ equity	$2.1M⁵	$3.0M⁸	$5.1M⁶	-$1.4M⁷	$7.6M³	$13.3M³	$5.2M³
Shares outstanding	28.8M shares¹²	67.7M shares⁴	191.5M shares⁵	0 shares¹¹	27.1M shares⁷	1.3M shares³	2.7M shares³

Cash from operations⁵⁸⁶⁷³-$15.9M in 2022+1% since 2017

Capital spending⁴⁵⁸⁶³$7.1K in 2022−81% since 2016

Free cash flow⁵⁸⁶⁷³-$15.9M in 2022+0% since 2017

Fiscal year	2016	2017	2018	2019	2020	2021	2022
Cash from operations		-$15.7M⁵	-$15.6M⁸	-$15.0M⁶	-$8.3M⁷	-$9.3M³	-$15.9M³
Stock-based compensation						$636.1K³	$1.0M³
Capital spending	$38.0K⁴	$45.0K⁵	$41.0K⁸	$43.0K⁶	$30.0K⁶	$17.8K³	$7.1K³
Free cash flow		-$15.8M	-$15.6M	-$15.0M	-$8.3M	-$9.3M	-$15.9M
Cash from investing						-$17.8K³	-$7.1K³
Cash from financing						$15.8M³	$8.1M³

Compare TREX WIND-DOWN, INC. with another company

Leadership

Who has led TREX WIND-DOWN, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

Chair

President

Chief financial officer

Chief operating officer

201520202025

Chief executive officerJohn Koconis May 20, 2020 to Aug 22, 2023¹³
Chief executive officerDavid S. Tierney Sep 13, 2018 to Jun 14, 2019¹⁴
Chief executive officerJames R. Pekarsky Jan 30, 2014 to Jan 30, 2014¹⁵
Chief executive officerKade Thompson Dec 13, 2013 to Dec 13, 2013¹⁶
ChairJohn Koconis Apr 19, 2022 to Aug 22, 2023¹⁷
ChairMichael Derby May 20, 2020 to May 20, 2020¹⁸
PresidentJohn Koconis Sep 16, 2021 to Dec 16, 2021¹⁹
PresidentAnja B. Krammer Feb 4, 2014 to Sep 11, 2018²⁰
Chief financial officerJoseph Lucchese May 20, 2020 to Aug 22, 2023²¹
Chief financial officerGregory David Kitchener Aug 12, 2015 to Dec 22, 2017²²
Chief financial officerJames R. Pekarsky Jan 30, 2014 to Jan 30, 2014¹⁵
Chief financial officerKade Thompson Dec 13, 2013 to Dec 13, 2013¹⁶
Chief operating officerZachary Rome May 20, 2020 to Sep 16, 2021²³
Chief operating officerSteven Bosacki Jul 18, 2019 to Jul 18, 2019²⁴

Board members and other officers (20)

Chief Medical OfficerAlan Mendelsohn Feb 4, 2021 to Aug 22, 2023²⁵
Chief Scientific OfficerAmir Tavakkol May 20, 2020 to May 20, 2020²⁶
ControllerKimberly Bragg Jun 9, 2020 to Jun 9, 2020²⁷
Board memberEdward J. Sitar May 20, 2020 to Apr 18, 2023²⁸
Board memberGianluca Pirozzi May 20, 2020 to Apr 18, 2023²⁹
Board memberJohn Koconis May 20, 2020 to Dec 16, 2021¹³
Board memberLinda A. Broenniman May 20, 2020 to Jun 9, 2020³⁰
Board memberMichael Stocum May 20, 2020 to Jun 9, 2020³¹
Board memberZachary Rome May 20, 2020 to Apr 15, 2022²³
Board memberDavid E. Cohen Aug 25, 2020 to Apr 18, 2023³²
Board memberLubor Gaal Aug 26, 2020 to Apr 18, 2023³³
Board memberRonald Todd Plott Feb 21, 2019 to Jun 14, 2019³⁴
Board memberDavid S. Tierney Sep 13, 2018 to Sep 20, 2018¹⁴
Board memberCharles Gregory Vontz Jan 20, 2017 to Apr 19, 2017³⁵
Board memberCraig A. Barbarosh Jan 27, 2016 to Jul 25, 2016³⁶
Board memberMichael Hubbard Feb 13, 2015 to Jun 14, 2019³⁷
Board memberStephen Morlock Apr 1, 2015 to Jun 14, 2019³⁸
Board memberJames R. Pekarsky Jan 30, 2014 to Jan 30, 2014¹⁵
Board memberAnja B. Krammer Feb 4, 2014 to Jan 25, 2019²⁰
Board memberKade Thompson Dec 13, 2013 to Dec 13, 2013¹⁶

Former names

Timber Pharmaceuticals, Inc.May 20, 2020 to Jan 26, 2024²
BioPharmX CorpMar 4, 2014 to May 15, 2020²
THOMPSON DESIGNS INCOct 27, 2010 to Feb 18, 2014²

Timeline

May 20, 2020New chief executive John Koconis becomes CEO¹³
Sep 13, 2018New chief executive David S. Tierney becomes CEO¹⁴
Jan 30, 2014New chief executive James R. Pekarsky becomes CEO¹⁵
Dec 13, 2013New chief executive Kade Thompson becomes CEO¹⁶

Filings

140 filings to the SEC since October 2021: 2 annual reports, 6 quarterly reports, 57 major events, 22 insider forms, 4 large holders, 1 private raises, 48 other. The latest 20:

The 140 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

3 open-market trades by officers, directors and large owners since October 2021: 3 buys and 0 sales. Grants, option exercises and gifts are left out.

Date	Who	Trade	Shares	Price	Value	Filing
Dec 15, 2021	Koconis JohnCEO & Chairman	Buy	20,000	$0.38	$7.6K	Form 4
Nov 23, 2021	Mendelsohn AlanEVP & CMO	Buy	10,000	$0.47	$4.7K	Form 4
Nov 23, 2021	Sitar Edward JDirector	Buy	15,000	$0.46	$6.9K	Form 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

INTRACOASTAL CAPITAL, LLCSC 13G, 1 filing Aug 15, 2022³⁹
Altium Capital Management LLCSC 13G/A, 1 filing Feb 14, 2022⁴⁰
Hudson Bay Capital Management LPSC 13G/A, 1 filing Feb 4, 2022⁴¹
Empery Asset Management, LPSC 13G/A, 1 filing Jan 18, 2022⁴²

Money raised

Private offerings the company reported to the SEC on Form D.

Oct 3, 2022Filed a private offering of equity Form D: 2 investors so far Form D

Sources

The numbers on this page point here. Each one links to the record it came from.

1
SEC EDGARTREX WIND-DOWN, INC. filings on SEC EDGAR
2
SEC EDGARTREX WIND-DOWN, INC. filings on SEC EDGAR
3
SEC EDGARTREX WIND-DOWN, INC. 10-K for fiscal 2022
4
SEC EDGARTREX WIND-DOWN, INC. 10-K for fiscal 2016
5
SEC EDGARTREX WIND-DOWN, INC. 10-K for fiscal 2017
6
SEC EDGARTREX WIND-DOWN, INC. 10-K for fiscal 2019
7
SEC EDGARTREX WIND-DOWN, INC. 10-K for fiscal 2020
8
SEC EDGARTREX WIND-DOWN, INC. 10-K for fiscal 2018
9
SEC EDGARTREX WIND-DOWN, INC. 10-Q for fiscal 2023
10
SEC EDGARTREX WIND-DOWN, INC. 10-Q for fiscal 2023
11
SEC EDGARTREX WIND-DOWN, INC. 10-K for fiscal 2019
12
SEC EDGARTREX WIND-DOWN, INC. 10-K for fiscal 2016
13
SEC EDGARJohn Koconis, Chief executive officer
14
SEC EDGARDavid S. Tierney, Chief executive officer
15
SEC EDGARJames R. Pekarsky, Chief executive officer
16
SEC EDGARKade Thompson, Chief executive officer
17
SEC EDGARJohn Koconis, Chair
18
SEC EDGARMichael Derby, Chair
19
SEC EDGARJohn Koconis, President
20
SEC EDGARAnja B. Krammer, President
21
SEC EDGARJoseph Lucchese, Chief financial officer
22
SEC EDGARGregory David Kitchener, Chief financial officer
23
SEC EDGARZachary Rome, Chief operating officer
24
SEC EDGARSteven Bosacki, Chief operating officer
25
SEC EDGARAlan Mendelsohn, Chief Medical Officer
26
SEC EDGARAmir Tavakkol, Chief Scientific Officer
27
SEC EDGARKimberly Bragg, Controller
28
SEC EDGAREdward J. Sitar, Board member
29
SEC EDGARGianluca Pirozzi, Board member
30
SEC EDGARLinda A. Broenniman, Board member
31
SEC EDGARMichael Stocum, Board member
32
SEC EDGARDavid E. Cohen, Board member
33
SEC EDGARLubor Gaal, Board member
34
SEC EDGARRonald Todd Plott, Board member
35
SEC EDGARCharles Gregory Vontz, Board member
36
SEC EDGARCraig A. Barbarosh, Board member
37
SEC EDGARMichael Hubbard, Board member
38
SEC EDGARStephen Morlock, Board member
39
SEC EDGARINTRACOASTAL CAPITAL, LLC SC 13G on TREX WIND-DOWN, INC.
40
SEC EDGARAltium Capital Management LLC SC 13G/A on TREX WIND-DOWN, INC.
41
SEC EDGARHudson Bay Capital Management LP SC 13G/A on TREX WIND-DOWN, INC.
42
SEC EDGAREmpery Asset Management, LP SC 13G/A on TREX WIND-DOWN, INC.