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Midas Edge

22nd Century Group Inc

For the period ended Dec 31, 2023. Filed Mar 28, 2024.

View on SEC.gov

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.

FY2023 · Filed Mar 28, 2024

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 Statements of Changes in Shareholders’ Equity

​​
22nd CENTURY GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY
(amounts in thousands, except share amounts)​
​​​​​​​​​​​​​​​​​​
​ · ​ · ​ · ​ · ​ · ​
​Years Ended December 31, 2023 and 2022
​ · ​ · Common · ​ · Par Value · ​ · Capital in · ​ · Other · ​ · ​ · ​ · ​ · ​ · ​
​ · ​ · Shares · ​ · of Common · ​ · Excess of · ​ · Comprehensive · ​ · Accumulated · ​ · Shareholders'
​ · Outstanding · Shares · Par Value · Income (Loss) · Deficit · Equity
Balance at January 1, 202210,858,237​$—​$244,249​$(162)​$(178,013)​$66,074
Stock issued in connection with option exercises10,001​—​174​—​—​174
Stock issued in connection with RSU vesting, net of shares withheld for taxes149,482​—​(149)​—​—​(149)
Stock issued in connection with acquisition2,193,334​—​51,653​—​—​51,653
Stock issued in connection with capital raise, net of issuance costs of 2,5161,138,221​—​32,484​—​—​32,484
Equity-based compensation—​—​5,489​—​—​5,489
Other comprehensive income—​—​—​51​—​51
Net loss—​—​—​—​(59,801)​(59,801)
Balance at December 31, 202214,349,275​$—​$333,900​$(111)​$(237,814)​$95,975
Stock issued in connection with RSU vesting, net of shares withheld for taxes114,786​—​(419)​​—​—​(419)
Stock issued in connection with acquisition​31,056​—​503​​—​—​503
Stock issued in connection with ATM, net of fees of $178​284,343​—​2,563​​—​—​2,563
Stock issued in connection with licensing arrangement​333,334​​—​3,570​​—​—​3,570
Stock issued in connection with capital raises, net of issuance costs of 2,279​13,499,827​​—​22,880​​—​—​22,880
Stock issued in connection with warrant exercises, net of fees of $292​14,847,206​​—​3,044​​—​—​3,044
Equity detachable warrants​—​​—​​1,577​​—​​—​​1,577
Adoption of ASU 2016-13​—​​—​​—​​—​​(118)​​(118)
Fractional shares issued for reverse stock split​66,035​​—​​—​​—​​—​​—
Equity-based compensation​—​—​2,679​​—​—​2,679
Other comprehensive income—​—​—​​111​—​111
Net loss—​—​—​​—​(140,775)​(140,775)
Balance at December 31, 202343,525,862​$—​$370,297​$—​$(378,707)​$(8,410)
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.