10-Q Filing

22ND CENTURY GROUP, INC. CIK: 1347858 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0001144204-13-028007`
Period End Date	20130331
Filing Date	20130510
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	xxii-20130331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 32 Cash Flow Statement 90 Stockholders Equity 13

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	-	USD	Point-in-time
Cash	`Cash`	$177.00	USD	Point-in-time
Cash	`Cash`	$278.88K	USD	Point-in-time
Cash	`Cash`	$252.25K	USD	Point-in-time
Cash	`Cash`	$188.00	USD	Point-in-time
Due from related party	`DueFromRelatedPartiesCurrent`	$36.97K	USD	Point-in-time
Due from related party	`DueFromRelatedPartiesCurrent`	$38.47K	USD	Point-in-time
Due from officers	`DueFromOfficersOrStockholdersCurrent`	$7.78K	USD	Point-in-time
Due from officers	`DueFromOfficersOrStockholdersCurrent`	$3.58K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Inventory	`InventoryNet`	$1.23M	USD	Point-in-time
Inventory	`InventoryNet`	$1.23M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$10.04K	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$49.27K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	-	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	34.29M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.61M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	37.71M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.28M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	37.71M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	34.29M	shares	Point-in-time
Patent and trademark costs, net	`IntangibleAssetsNetExcludingGoodwill`	$1.34M	USD	Point-in-time
Patent and trademark costs, net	`IntangibleAssetsNetExcludingGoodwill`	$1.35M	USD	Point-in-time
Office furniture and fixtures, net	`PropertyPlantAndEquipmentNet`	$28.15K	USD	Point-in-time
Office furniture and fixtures, net	`PropertyPlantAndEquipmentNet`	$6.03K	USD	Point-in-time
Deferred debt issuance costs, net	`DeferredFinanceCostsNoncurrentNet`	$4.23K	USD	Point-in-time
Deferred debt issuance costs, net	`DeferredFinanceCostsNoncurrentNet`	-	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.36M	USD	Point-in-time
Total other assets	`AssetsNoncurrent`	$1.37M	USD	Point-in-time
Total assets	`Assets`	$2.64M	USD	Point-in-time
Total assets	`Assets`	$2.97M	USD	Point-in-time
Demand bank loan	`ShortTermBankLoansAndNotesPayable`	$174.93K	USD	Point-in-time
Demand bank loan	`ShortTermBankLoansAndNotesPayable`	$174.93K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$212.33K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.41M	USD	Point-in-time
Accrued interest payable to related parties	`InterestPayableRelatedPartiesCurrent`	$4.13K	USD	Point-in-time
Accrued interest payable to related parties	`InterestPayableRelatedPartiesCurrent`	$3.57K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$503.00K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$224.32K	USD	Point-in-time
Preferred stock dividend payable	`DividendsPayableCurrent`	-	USD	Point-in-time
Preferred stock dividend payable	`DividendsPayableCurrent`	$52.08K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$617.00K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$1.05M	USD	Point-in-time
Convertible notes, net of unamortized discount	`ConvertibleNotesPayableCurrent`	$1.89M	USD	Point-in-time
Convertible notes, net of unamortized discount	`ConvertibleNotesPayableCurrent`	$143.03K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.86M	USD	Point-in-time
Long term portion of notes payable	`LongTermNotesPayable`	-	USD	Point-in-time
Long term portion of notes payable	`LongTermNotesPayable`	$175.00K	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesNoncurrent`	$550.00K	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesNoncurrent`	$4.17M	USD	Point-in-time
Warrant liability	`DerivativeLiabilitiesNoncurrent`	$8.67M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$8.78M	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred shares value	`PreferredStockValue`	-	USD	Point-in-time
Preferred shares value	`PreferredStockValue`	-	USD	Point-in-time
Common shares value	`CommonStockValue`	$344.00	USD	Point-in-time
Common shares value	`CommonStockValue`	$378.00	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$8.61M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapital`	$7.65M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-13.78M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.73M	USD	Point-in-time
Total shareholders' deficit	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-6.13M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.97M	USD	Point-in-time
Total liabilities and shareholders' deficit	`LiabilitiesAndStockholdersEquity`	$2.64M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$190.75K	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$87.73K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.15M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$309.79K	USD	1 Quarter
Sales and marketing costs	`SellingAndMarketingExpense`	-	USD	1 Quarter
Sales and marketing costs	`SellingAndMarketingExpense`	$3.83K	USD	1 Quarter
Amortization and depreciation	`DepreciationAndAmortization`	$45.96K	USD	1 Quarter
Amortization and depreciation	`DepreciationAndAmortization`	$52.62K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$447.32K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$1.39M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-447.32K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-1.39M	USD	1 Quarter
Warrant liability change - net	`DerivativeGainsLossesNet`	$-1.24M	USD	1 Quarter
Warrant liability change - net	`DerivativeGainsLossesNet`	$-1.02M	USD	1 Quarter
Related parties	`InterestExpenseRelatedParty`	$138.28K	USD	1 Quarter
Related parties	`InterestExpenseRelatedParty`	$6.55K	USD	1 Quarter
Other	`InterestExpenseOther`	$295.62K	USD	1 Quarter
Other	`InterestExpenseOther`	$98.98K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-1.68M	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-1.12M	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.51M	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.12M	USD	1 Quarter
Net loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net loss attributable to non-controlling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$-1.46K	USD	1 Quarter
Net loss attributed to common shareholders	`NetIncomeLoss`	$-2.12M	USD	1 Quarter
Net loss attributed to common shareholders	`NetIncomeLoss`	$-2.51M	USD	1 Quarter
Loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.07	USD	1 Quarter
Loss per common share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$-0.08	USD	1 Quarter
Common shares used in basic earnings per share calculation	`WeightedAverageNumberOfSharesOutstandingBasic`	36.31M	shares	1 Quarter
Common shares used in basic earnings per share calculation	`WeightedAverageNumberOfSharesOutstandingBasic`	28.02M	shares	1 Quarter

Cash Flow Statement 90 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-2.51M	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.12M	USD	1 Quarter
Amortization and depreciation	`DepreciationAndAmortization`	$45.96K	USD	1 Quarter
Amortization and depreciation	`DepreciationAndAmortization`	$52.62K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$4.23K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$2.16K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$393.71K	USD	1 Quarter
Amortization of debt discount	`AmortizationOfDebtDiscountPremium`	$54.73K	USD	1 Quarter
Interest due to debt conversion	`NonCashInterestOnConvertibleDebt`	$20.75K	USD	1 Quarter
Interest due to debt conversion	`NonCashInterestOnConvertibleDebt`	$17.39K	USD	1 Quarter
Loss (gain) warrant liability - derivative	`DerivativeGainsLossesNet`	$-1.24M	USD	1 Quarter
Loss (gain) warrant liability - derivative	`DerivativeGainsLossesNet`	$-1.02M	USD	1 Quarter
Equity based employee compensation expense	`ShareBasedCompensation`	$48.98K	USD	1 Quarter
Equity based employee compensation expense	`ShareBasedCompensation`	$873.63K	USD	1 Quarter
Equity based payments for outside services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$90.05K	USD	1 Quarter
Equity based payments for outside services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$10.75K	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$487.00	USD	1 Quarter
Inventory	`IncreaseDecreaseInInventories`	$30.00	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$39.22K	USD	1 Quarter
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$51.43K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-460.29K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$350.93K	USD	1 Quarter
Accrued interest payable to related parties	`IncreaseDecreaseInDueToRelatedParties`	$563.00	USD	1 Quarter
Accrued interest payable to related parties	`IncreaseDecreaseInDueToRelatedParties`	$18.93K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-233.31K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-235.71K	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-1.14M	USD	1 Quarter
Net cash used by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-276.23K	USD	1 Quarter
Acquisition of patents and trademarks	`PaymentsToAcquireIntangibleAssets`	$500.00	USD	1 Quarter
Acquisition of patents and trademarks	`PaymentsToAcquireIntangibleAssets`	$14.62K	USD	1 Quarter
Acquisition of office furniture and fixtures	`PaymentsToAcquireFurnitureAndFixtures`	-	USD	1 Quarter
Acquisition of office furniture and fixtures	`PaymentsToAcquireFurnitureAndFixtures`	$13.98K	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-500.00	USD	1 Quarter
Net cash used by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-28.61K	USD	1 Quarter
Proceeds from issuance of notes	`ProceedsFromNotesPayable`	$25.00K	USD	1 Quarter
Proceeds from issuance of notes	`ProceedsFromNotesPayable`	$150.00K	USD	1 Quarter
Payments on borrowings - notes payable	`RepaymentsOfNotesPayable`	-	USD	1 Quarter
Payments on borrowings - notes payable	`RepaymentsOfNotesPayable`	$395.29K	USD	1 Quarter
Payments on borrowings - convertible notes	`RepaymentsOfConvertibleDebt`	$339.25K	USD	1 Quarter
Payments on borrowings - convertible notes	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Net proceeds from January 2013 preferred stock private placement	`ProceedsFromIssuanceOrSaleOfEquity`	-	USD	1 Quarter
Net proceeds from January 2013 preferred stock private placement	`ProceedsFromIssuanceOrSaleOfEquity`	$786.50K	USD	Point-in-time
Net proceeds from January 2013 preferred stock private placement	`ProceedsFromIssuanceOrSaleOfEquity`	$2.03M	USD	1 Quarter
Net proceeds from January 2013 preferred stock private placement	`ProceedsFromIssuanceOrSaleOfEquity`	$681.00K	USD	Point-in-time
Net payments to related party	`RepaymentsOfRelatedPartyDebt`	$4.00K	USD	1 Quarter
Net payments to related party	`RepaymentsOfRelatedPartyDebt`	$1.50K	USD	1 Quarter
Net advances (to) from officers	`ProceedsFromPaymentsForOtherFinancingActivities`	$-4.21K	USD	1 Quarter
Net advances (to) from officers	`ProceedsFromPaymentsForOtherFinancingActivities`	$3.66K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$24.66K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.44M	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$278.70K	USD	1 Quarter
Net increase (decrease) in cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-252.07K	USD	1 Quarter
Cash - beginning of period	`Cash`	$177.00	USD	Point-in-time
Cash - beginning of period	`Cash`	$278.88K	USD	Point-in-time
Cash - beginning of period	`Cash`	$252.25K	USD	Point-in-time
Cash - beginning of period	`Cash`	$188.00	USD	Point-in-time
Cash - end of period	`Cash`	$177.00	USD	Point-in-time
Cash - end of period	`Cash`	$278.88K	USD	Point-in-time
Cash - end of period	`Cash`	$252.25K	USD	Point-in-time
Cash - end of period	`Cash`	$188.00	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	$196.54K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$30.55K	USD	1 Quarter
Cash paid during the period for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Cash paid during the period for income taxes	`IncomeTaxesPaid`	-	USD	1 Quarter
Common stock issued as payment of accounts payable	`IssuanceOfCommonStockInExchangeForAccountPayable`	$209.75K	USD	1 Quarter
Common stock issued as payment of accounts payable	`IssuanceOfCommonStockInExchangeForAccountPayable`	-	USD	1 Quarter
Accounts payable converted to promissory notes	`ConversionOfAccountsPayableToNotePayable`	$769.38K	USD	1 Quarter
Accounts payable converted to promissory notes	`ConversionOfAccountsPayableToNotePayable`	-	USD	1 Quarter
Accrued interest converted to promissory notes	`ConversionOfAccruedInterestToNotePayable`	$26.42K	USD	1 Quarter
Accrued interest converted to promissory notes	`ConversionOfAccruedInterestToNotePayable`	-	USD	1 Quarter
Common stock issued for prepaid services	`CommonStockToBeIssuedForServices`	$171.25K	USD	1 Quarter
Common stock issued for prepaid services	`CommonStockToBeIssuedForServices`	-	USD	1 Quarter
Notes payable and accrued interest converted to common shares	`ConversionOfNotesPayableAndAccruedInterestToCommonStock`	$86.25K	USD	1 Quarter
Notes payable and accrued interest converted to common shares	`ConversionOfNotesPayableAndAccruedInterestToCommonStock`	-	USD	1 Quarter
Common stock issued for fees relating to January 2013 preferred stock private placement	`IssuanceOfCommonStockValueInPaymentOfFinancingCost`	$416.67K	USD	1 Quarter
Common stock issued for fees relating to January 2013 preferred stock private placement	`IssuanceOfCommonStockValueInPaymentOfFinancingCost`	-	USD	1 Quarter
Preferred stock dividend payable	`DividendPayableOnPreferredStock`	-	USD	1 Quarter
Preferred stock dividend payable	`DividendPayableOnPreferredStock`	$52.08K	USD	1 Quarter
Refinance of convertible note to note payable	`RefinanceOfNotePayableToAccountsPayable`	-	USD	1 Quarter
Refinance of convertible note to note payable	`RefinanceOfNotePayableToAccountsPayable`	$57.50K	USD	1 Quarter
Issuance of warrants as derivative liability instruments upon conversion of notes payable and accrued interest	`SupplementalIssuanceOfWarrantLiability`	$107.00K	USD	1 Quarter
Issuance of warrants as derivative liability instruments upon conversion of notes payable and accrued interest	`SupplementalIssuanceOfWarrantLiability`	$1.43M	USD	1 Quarter
Issuance of warrants as derivative liability instruments and reduction of capital	`IssuanceOfWarrantsAsDerivativeLiabilityInstrument`	-	USD	1 Quarter
Issuance of warrants as derivative liability instruments and reduction of capital	`IssuanceOfWarrantsAsDerivativeLiabilityInstrument`	$2.03M	USD	1 Quarter
Patent and trademark additions included in accounts payable	`PatentAndTrademarkAdditionsIncludedInAccountsPayable`	$22.63K	USD	1 Quarter
Patent and trademark additions included in accounts payable	`PatentAndTrademarkAdditionsIncludedInAccountsPayable`	$19.39K	USD	1 Quarter
Office furniture and fixture additions included in accounts payable	`OfficeFurnitureAndFixtureAdditionsIncludedInAccountsPayable`	-	USD	1 Quarter
Office furniture and fixture additions included in accounts payable	`OfficeFurnitureAndFixtureAdditionsIncludedInAccountsPayable`	$8.71K	USD	1 Quarter
Deferred debt issuance costs included in accounts payable	`DeferredPrivatePlacementCostAdditionsIncludedInAccountsPayable`	-	USD	1 Quarter
Deferred debt issuance costs included in accounts payable	`DeferredPrivatePlacementCostAdditionsIncludedInAccountsPayable`	$5.00K	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.73M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-6.13M	USD	Point-in-time
Common stock issued upon exercise of Convertible Notes	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	-	USD	1 Quarter
Preferred stock issued in January 2013 private placement	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Preferred stock issued in January 2013 private placement, shares	`StockIssuedDuringPeriodSharesNewIssues`	3.24M	shares	Point-in-time
Preferred stock issued in January 2013 private placement, shares	`StockIssuedDuringPeriodSharesNewIssues`	1.71M	shares	Point-in-time
Stock based compensation	`StockIssuedDuringPeriodValueShareBasedCompensation`	$963.68K	USD	1 Quarter
Accrued dividends on preferred stock	`DividendPayableOnPreferredStock`	-	USD	1 Quarter
Accrued dividends on preferred stock	`DividendPayableOnPreferredStock`	$52.08K	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.51M	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.12M	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-7.73M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$-6.13M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.