22nd Century Group, Inc.

For the period ended Dec 31, 2025. Filed Mar 26, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 26, 2026

XXII$1.63+5.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Balance Sheets

22ND CENTURY GROUP, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS
(amounts in thousands, except share and per-share data)


· · December 31, · · December 31,
· · 2025 · · 2024
ASSETS · · · ·
Current assets: · · · ·
Cash and cash equivalents	$7,149	$4,422
Accounts receivable, net	3,594	1,698
Inventories	4,326	2,015
Insurance recoveries	—	768
GVB promissory note, net	—	500
Prepaid expenses and other current assets	2,562	1,068
Current assets of discontinued operations held for sale	—	1,051
Total current assets	17,631	11,522
Property, plant and equipment, net	2,440	2,773
Operating lease right-of-use assets, net	728	1,639
Intangible assets, net	6,224	5,724
Other assets	—	15
Total assets	$27,023	$21,673

LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY
Current liabilities:
Notes and loans payable-current	$204	$254
Current portion of long-term debt	—	1,500
Operating lease obligations	168	261
Accounts payable	1,000	2,401
Accrued expenses and other current liabilities	836	1,439
Accrued litigation	—	768
Accrued excise taxes and fees	3,343	2,038
Contract liabilities	1,721	20
Current liabilities of discontinued operations held for sale	—	1,281
Total current liabilities	7,272	9,962
Long-term liabilities:
Notes and loans payable	504	—
Operating lease obligations	601	1,437
Long-term debt	—	5,165
Other long-term liabilities	154	1,097
Total liabilities	8,531	17,661
Commitments and contingencies (Note 11)

Mezzanine equity:
Series A convertible preferred shares, $0.00001 par value; 10,000,000 shares authorized, 9,650 shares issued and outstanding at December 31, 2025 and 0 at December 31, 2024, respectively	2,734	—
Total mezzanine equity	2,734	—

Shareholders' equity:
Common stock, $.00001 par value, 500,000,000 shares authorized, 510,384 shares issued and outstanding at December 31, 2025 and 2,285 at December 31, 2024, respectively
Common stock, par value	—	—
Capital in excess of par value	414,683	397,883
Accumulated deficit	(398,925)	(393,871)
Total shareholders' equity	15,758	4,012
Total liabilities, mezzanine equity and shareholders’ equity	$27,023	$21,673

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.