10-K
Annual Report
22nd Century Group, Inc.
XXII
NASDAQ
CIK: 1347858
File #: 001-36338
Balance Sheet
46 line items · 2 periods
XBRL
| Item | Dec 31, 2024 | Dec 31, 2023 |
|---|---|---|
CONSOLIDATED BALANCE SHEETS | ||
ASSETS | ||
Current assets: | ||
Cash and cash equivalents | 4,422,000 | 2,058,000 |
Accounts receivable, net | 1,698,000 | 1,671,000 |
Inventories | 2,015,000 | 4,346,000 |
Insurance recoveries | 768,000 | 3,768,000 |
GVB promissory note | 500,000 | 2,000,000 |
Prepaid expenses and other current assets | 1,068,000 | 1,180,000 |
Current assets of discontinued operations held for sale | 1,051,000 | 1,254,000 |
Held for sale | 1,051,000 | 1,254,000 |
Total current assets | 11,522,000 | 16,277,000 |
Property, plant and equipment, net | 2,773,000 | 3,393,000 |
Operating lease right-of-use assets, net | 1,639,000 | 1,894,000 |
Intangible assets, net | 5,724,000 | 5,924,000 |
Other assets | 15,000 | 15,000 |
Total assets | 21,673,000 | 27,503,000 |
LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) | ||
Current liabilities: | ||
Notes and loans payable - current | 254,000 | 543,000 |
Current portion of long-term debt | 1,500,000 | 5,848,000 |
Senior Secured Credit Facility - JGB | 1,500,000 | — |
Operating lease obligations | 261,000 | 231,000 |
Accounts payable | 2,401,000 | 4,445,000 |
Accrued expenses | 1,021,000 | 1,322,000 |
Accrued litigation | 768,000 | 3,768,000 |
Accrued payroll | 318,000 | 883,000 |
Accrued excise taxes and fees | 2,038,000 | 2,234,000 |
Deferred income | 20,000 | 726,000 |
Other current liabilities | 100,000 | 1,849,000 |
Current liabilities of discontinued operations held for sale | 1,281,000 | 3,185,000 |
Held for sale | 1,281,000 | 3,185,000 |
Total current liabilities | 9,962,000 | 25,034,000 |
Long-term liabilities: | ||
Operating lease obligations | 1,437,000 | 1,698,000 |
Long-term debt | 5,165,000 | 8,058,000 |
Other long-term liabilities | 1,097,000 | 1,123,000 |
Total liabilities | 17,661,000 | 35,913,000 |
Shareholders' equity (deficit): | ||
Capital in excess of par value | 397,883,000 | 370,297,000 |
Accumulated deficit | (393,871,000) | (378,707,000) |
Total shareholders' equity (deficit) | 4,012,000 | (8,410,000) |
Accumulated Deficit | (393,871,000) | (378,707,000) |
Capital in Excess of Par Value | 397,883,000 | 370,297,000 |
Cumulative Effect, Period of Adoption, Adjustment - Accounting Standards Update 2016-13 - Accumulated Deficit | — | 118,000 |
Total liabilities and shareholders' equity (deficit) | 21,673,000 | 27,503,000 |