22nd Century Group, Inc.
For the period ended Dec 31, 2024. Filed Mar 20, 2025.
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FY2024 · Filed Mar 20, 2025
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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Consolidated Statements of Operations
22nd CENTURY GROUP, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS(amounts in thousands, except per-share data)
| | | | | | |
|---|---|---|---|---|---|
| | Year Ended | ||||
| | December 31, | ||||
| · 2024 · 2023 | |||||
| Revenues, net | $24,382 | | $32,204 | ||
| Cost of goods sold | | 14,278 | | | 24,891 |
| Excise taxes and fees on products | 12,504 | | 16,009 | ||
| Gross (loss) profit | (2,400) | | (8,696) | ||
| Operating expenses: | | | | ||
| Sales, general and administrative | 10,287 | | 31,064 | ||
| Research and development | 1,133 | | 2,644 | ||
| Other operating expense, net | 130 | | 2,527 | ||
| Total operating expenses | 11,550 | | 36,235 | ||
| Operating loss from continuing operations | (13,950) | | (44,931) | ||
| Other income (expense): | | | | ||
| Other income (expense), net | 507 | | 334 | ||
| Loss on transfer of promissory note | — | | (895) | ||
| Interest income, net | 72 | | 219 | ||
| Interest expense | (2,094) | | (9,366) | ||
| Total other income (expense), net | (1,515) | | (9,708) | ||
| Loss from continuing operations before income taxes | (15,465) | | | (54,639) | |
| Provision for income taxes | 30 | | 47 | ||
| Net loss from continuing operations | $(15,495) | | $(54,686) | ||
| | | | | | |
| Discontinued operations: | | | | | |
| Income (loss) from discontinued operations before income taxes | $331 | | $(85,634) | ||
| Provision for income taxes | | — | | | 455 |
| Net income (loss) from discontinued operations | $331 | | $(86,089) | ||
| | | | | | |
| Net loss | $(15,164) | | $(140,775) | ||
| Deemed dividends | | (10,303) | | | (9,992) |
| Net loss available to common shareholders | $(25,467) | | $(150,767) | ||
| | | | | | |
| Basic loss per share: | | | | | |
| Basic loss per common share from continuing operations | $(105.85) | | $(5,776.63) | ||
| Basic income (loss) per common share from discontinued operations | $2.26 | | $(9,093.89) | ||
| Basic loss per common share from deemed dividends | $(70.38) | | $(1,055.47) | ||
| Basic loss per common share | $(173.97) | | $(15,925.99) | ||
| | | | | | |
| Diluted loss per share: | | | | | |
| Diluted loss per common share from continuing operations | $(105.85) | | $(5,776.63) | ||
| Diluted income (loss) per common share from discontinued operations | $0.24 | | $(9,093.89) | ||
| Diluted loss per common share from deemed dividends | $(70.38) | | $(1,055.47) | ||
| Diluted loss per common share | $(175.99) | | $(15,925.99) | ||
| | | | | | |
| Weighted average shares outstanding: | | | | | |
| Basic | | 146,392 | | | 9,467 |
| Diluted | | 1,389,983 | | | 9,467 |
| | | | | | |
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