22nd Century Group, Inc.
For the period ended Dec 31, 2025. Filed Mar 26, 2026.
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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$1.42-12.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive Loss
| | |
|---|---|
| 22ND CENTURY GROUP, INC. AND SUBSIDIARIES | |
| CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS(amounts in thousands, except share and per-share data) | |
| | |
| | | | | | |
|---|---|---|---|---|---|
| | Year Ended | ||||
| | December 31, | ||||
| · 2025 · · 2024 | |||||
| Revenues, net | $17,587 | | $24,382 | ||
| Cost of goods sold | | 10,186 | | | 14,278 |
| Excise taxes and fees on products | 10,538 | | 12,504 | ||
| Gross loss | (3,137) | | (2,400) | ||
| Operating expenses: | | | | ||
| Sales, general and administrative | 7,591 | | 10,287 | ||
| Research and development | 688 | | 1,133 | ||
| Other operating expense, net | 150 | | 130 | ||
| Total operating expenses | 8,429 | | 11,550 | ||
| Operating loss from continuing operations | (11,566) | | (13,950) | ||
| Other income (expense): | | | | ||
| Other income (expense), net | (207) | | 507 | ||
| Interest income | 83 | | 72 | ||
| Interest expense | (1,455) | | (2,094) | ||
| Total other income (expense), net | (1,579) | | (1,515) | ||
| Loss from continuing operations before income taxes | (13,145) | | | (15,465) | |
| (Benefit) provision for income taxes | (28) | | 30 | ||
| Net loss from continuing operations | $(13,117) | | $(15,495) | ||
| | | | | | |
| Discontinued operations: | | | | | |
| Income from discontinued operations before income taxes | $8,063 | | $331 | ||
| Provision for income taxes | | — | | | — |
| Income from discontinued operations | $8,063 | | $331 | ||
| | | | | | |
| Net loss | $(5,054) | | $(15,164) | ||
| Comprehensive loss | $(5,054) | | $(15,164) | ||
| | | | | | |
| Net loss | $(5,054) | | $(15,164) | ||
| Deemed dividends | | (4,679) | | | (10,303) |
| Net loss available to common shareholders | $(9,733) | | $(25,467) | ||
| | | | | | |
| Basic and diluted income (loss) per share: | | | | | |
| Basic and diluted loss per common share from continuing operations | $(71.26) | | $(27,812.56) | ||
| Basic and diluted income per common share from discontinued operations | $43.81 | | $594.83 | ||
| Basic and diluted loss per common share from deemed dividends | $(25.42) | | $(18,493.32) | ||
| Basic and diluted loss per common share | $(52.87) | | $(45,711.05) | ||
| | | | | | |
| Weighted average shares outstanding - basic and diluted | | 184,067 | | | 557 |
| | | | | | |
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