22nd Century Group, Inc.

For the period ended Dec 31, 2024. Filed Mar 20, 2025.

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.

FY2024 · Filed Mar 20, 2025

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

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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,
· 2024 · 2023
ASSETS · ·
Current assets: · ·
Cash and cash equivalents	$4,422	$2,058
Accounts receivable, net	1,698	1,671
Inventories	2,015	4,346
Insurance recoveries	768	3,768
GVB promissory note	500	2,000
Prepaid expenses and other current assets	1,068	1,180
Current assets of discontinued operations held for sale	1,051	1,254
Total current assets	11,522	16,277
Property, plant and equipment, net	2,773	3,393
Operating lease right-of-use assets, net	1,639	1,894
Intangible assets, net	5,724	5,924
Other assets	15	15
Total assets	$21,673	$27,503

LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT)
Current liabilities:
Notes and loans payable - current	$254	$543
Current portion of long-term debt	1,500	5,848
Operating lease obligations	261	231
Accounts payable	2,401	4,445
Accrued expenses	1,021	1,322
Accrued litigation	768	3,768
Accrued payroll	318	883
Accrued excise taxes and fees	2,038	2,234
Deferred income	20	726
Other current liabilities	100	1,849
Current liabilities of discontinued operations held for sale	1,281	3,185
Total current liabilities	9,962	25,034
Long-term liabilities:
Operating lease obligations	1,437	1,698
Long-term debt	5,165	8,058
Other long-term liabilities	1,097	1,123
Total liabilities	17,661	35,913
Commitments and contingencies (Note 11)
Shareholders' equity (deficit):
Preferred stock, $.00001 par value, 10,000,000 shares authorized
Common stock, $.00001 par value, 250,000,000 shares authorized
Capital stock issued and outstanding:
730,148 common shares (20,313 at December 31, 2023)
Common stock, par value	—	—
Capital in excess of par value	397,883	370,297
Accumulated deficit	(393,871)	(378,707)
Total shareholders' equity (deficit)	4,012	(8,410)
Total liabilities and shareholders’ equity (deficit)	$21,673	$27,503

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.