10-Q
Quarterly Report
22nd Century Group, Inc.
XXII
NASDAQ
CIK: 1347858
File #: 001-36338
Balance Sheet
37 line items · 2 periods
XBRL
| Item | Jun 30, 2026 | Dec 31, 2025 |
|---|---|---|
CONDENSED CONSOLIDATED BALANCE SHEETS | ||
ASSETS | ||
Current assets: | ||
Cash and cash equivalents | 6,058,000 | 7,149,000 |
Accounts receivable, net | 3,575,000 | 3,594,000 |
Inventories | 4,536,000 | 4,326,000 |
Prepaid expenses and other current assets | 2,650,000 | 2,562,000 |
Total current assets | 16,819,000 | 17,631,000 |
Property, plant and equipment, net | 2,596,000 | 2,440,000 |
Operating lease right-of-use assets, net | 647,000 | 728,000 |
Intangible assets, net | 6,058,000 | 6,224,000 |
Other assets | 46,000 | — |
Total assets | 26,166,000 | 27,023,000 |
LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY | ||
Current liabilities: | ||
Notes and loans payable-current | 616,000 | 204,000 |
Operating lease obligations | 176,000 | 168,000 |
Accounts payable | 695,000 | 1,000,000 |
Accrued expenses and other current liabilities | 1,074,000 | 836,000 |
Accrued excise taxes and fees | 2,463,000 | 3,343,000 |
Contract liabilities | 1,430,000 | 1,721,000 |
Total current liabilities | 6,454,000 | 7,272,000 |
Long-term liabilities: | ||
Notes and loans payable | 446,000 | 504,000 |
Operating lease obligations | 511,000 | 601,000 |
Other long-term liabilities | 114,000 | 154,000 |
Total liabilities | 7,525,000 | 8,531,000 |
Mezzanine equity: | ||
Series A convertible preferred shares, $0.00001 par value; 10,000,000 shares authorized, 0 shares issued and outstanding at June 30, 2026 and 9,650 at December 31, 2025, respectively | — | 2,734,000 |
Series A Convertible Preferred Shares | — | 2,734,000 |
Shareholders' equity: | ||
Capital in excess of par value | 424,173,000 | 414,683,000 |
Accumulated deficit | (405,532,000) | (398,925,000) |
Total shareholders' equity | 18,641,000 | 15,758,000 |
Accumulated Deficit | (405,532,000) | (398,925,000) |
Capital in Excess of Par Value | 424,173,000 | 414,683,000 |
Total liabilities, mezzanine equity and shareholders' equity | 26,166,000 | 27,023,000 |