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10-Q Filing

22ND CENTURY GROUP, INC. CIK: 1347858 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0001144204-19-024238
Period End Date 20190331
Filing Date 20190507
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance xxii-20190331.xml
Filing Contents
Balance Sheet 74 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 and cash equivalents CashAndCashEquivalentsAtCarryingValue $5.55M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 300.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.66M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $588.96K USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 300.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $604.92K USD Point-in-time
Short-term investment securities ShortTermInvestments $51.26M USD Point-in-time
Short-term investment securities ShortTermInvestments $55.75M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare - USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare - USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $1.47M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 124.64M shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $871.29K USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 124.66M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 124.66M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 124.64M shares Point-in-time
Inventory, net InventoryNet $3.04M USD Point-in-time
Inventory, net InventoryNet $3.33M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $885.82K USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $928.42K USD Point-in-time
Total current assets AssetsCurrent $61.20M USD Point-in-time
Total current assets AssetsCurrent $57.55M USD Point-in-time
Machinery and equipment, net MachineryAndEquipmentNet $3.33M USD Point-in-time
Machinery and equipment, net MachineryAndEquipmentNet $3.26M USD Point-in-time
Operating leases right-of-use assets, net OperatingLeaseRightOfUseAsset $759.60K USD Point-in-time
Operating leases right-of-use assets, net OperatingLeaseRightOfUseAsset - USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $4.09M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $3.26M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $9.72M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $9.75M USD Point-in-time
Investment LongTermInvestments $3.09M USD Point-in-time
Investment LongTermInvestments $6.07M USD Point-in-time
Total other assets AssestsNoncurrentExcludingPropertyPlantAndEquipmentNet $15.79M USD Point-in-time
Total other assets AssestsNoncurrentExcludingPropertyPlantAndEquipmentNet $12.84M USD Point-in-time
Total assets Assets $77.30M USD Point-in-time
Total assets Assets $77.43M USD Point-in-time
Notes payable NotesPayableCurrent $698.05K USD Point-in-time
Notes payable NotesPayableCurrent $689.15K USD Point-in-time
Operating lease obligations OperatingLeaseLiabilityCurrent $211.52K USD Point-in-time
Operating lease obligations OperatingLeaseLiabilityCurrent - USD Point-in-time
Accounts payable AccountsPayableCurrent $2.57M USD Point-in-time
Accounts payable AccountsPayableCurrent $3.33M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $1.83M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $1.70M USD Point-in-time
Deferred income DeferredRevenueCurrent $274.07K USD Point-in-time
Deferred income DeferredRevenueCurrent $83.08K USD Point-in-time
Total current liabilities LiabilitiesCurrent $5.17M USD Point-in-time
Total current liabilities LiabilitiesCurrent $6.21M USD Point-in-time
Notes payable LongTermNotesPayable $849.98K USD Point-in-time
Notes payable LongTermNotesPayable $848.22K USD Point-in-time
Operating lease obligations OperatingLeaseLiabilityNoncurrent - USD Point-in-time
Operating lease obligations OperatingLeaseLiabilityNoncurrent $548.08K USD Point-in-time
Total liabilities Liabilities $7.61M USD Point-in-time
Total liabilities Liabilities $6.02M USD Point-in-time
Commitments and contingencies (Note 8) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 8) CommitmentsAndContingencies - USD Point-in-time
Common stock value CommonStockValue $1.25K USD Point-in-time
Common stock value CommonStockValue $1.25K USD Point-in-time
Capital in excess of par value AdditionalPaidInCapital $170.39M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapital $170.84M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $21.36K USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $184.28K USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-101.21M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-99.13M USD Point-in-time
Total shareholders' equity StockholdersEquity $77.59M USD Point-in-time
Total shareholders' equity StockholdersEquity $75.43M USD Point-in-time
Total shareholders' equity StockholdersEquity $69.82M USD Point-in-time
Total shareholders' equity StockholdersEquity $71.28M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $77.30M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $77.43M USD Point-in-time
Income Statement 58 line items
Line Item Tag Value Unit Period
Sale of products, net Revenues $6.29M USD 1 Quarter
Sale of products, net Revenues $6.12M USD 1 Quarter
Products CostOfGoodsAndServicesSold $6.40M USD 1 Quarter
Products CostOfGoodsAndServicesSold $6.04M USD 1 Quarter
Gross (loss) profit GrossProfit $-102.91K USD 1 Quarter
Gross (loss) profit GrossProfit $71.58K USD 1 Quarter
Research and development (including equity-based compensation of $99,669 and $220,413, respectively) ResearchAndDevelopmentExpense $2.52M USD 1 Quarter
Research and development (including equity-based compensation of $99,669 and $220,413, respectively) ResearchAndDevelopmentExpense $2.45M USD 1 Quarter
General and administrative (including equity-based compensation of $299,530 and $307,488 respectively) GeneralAndAdministrativeExpense $2.03M USD 1 Quarter
General and administrative (including equity-based compensation of $299,530 and $307,488 respectively) GeneralAndAdministrativeExpense $2.24M USD 1 Quarter
Sales and marketing (including equity-based compensation of $49,706 and $35,975, respectively) SellingAndMarketingExpense $199.11K USD 1 Quarter
Sales and marketing (including equity-based compensation of $49,706 and $35,975, respectively) SellingAndMarketingExpense $231.70K USD 1 Quarter
Depreciation Depreciation $124.53K USD 1 Quarter
Depreciation Depreciation $135.05K USD 1 Quarter
Amortization OtherAmortizationOfDeferredCharges $167.55K USD 1 Quarter
Amortization OtherAmortizationOfDeferredCharges $215.56K USD 1 Quarter
Total operating expenses OperatingExpenses $5.28M USD 1 Quarter
Total operating expenses OperatingExpenses $5.04M USD 1 Quarter
Operating loss OperatingIncomeLoss $-4.97M USD 1 Quarter
Operating loss OperatingIncomeLoss $-5.38M USD 1 Quarter
Unrealized gain on investment UnrealizedGainLossOnInvestments $2.97M USD 1 Quarter
Unrealized gain on investment UnrealizedGainLossOnInvestments $6.15M USD 1 Quarter
Realized (loss) gain on short-term investment securities MarketableSecuritiesRealizedGainLoss $-16.02K USD 1 Quarter
Realized (loss) gain on short-term investment securities MarketableSecuritiesRealizedGainLoss $195.00 USD 1 Quarter
Unrealized loss on short-term investment securities MarketableSecuritiesUnrealizedGainLoss - USD 1 Quarter
Unrealized loss on short-term investment securities MarketableSecuritiesUnrealizedGainLoss $-92.57K USD 1 Quarter
Gain on the sale of machinery and equipment GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Gain on the sale of machinery and equipment GainLossOnSaleOfPropertyPlantEquipment $87.35K USD 1 Quarter
Warrant liability gain - net GainLossFromWarrantLiability - USD 1 Quarter
Warrant liability gain - net GainLossFromWarrantLiability $48.71K USD 1 Quarter
Interest income, net InvestmentIncomeNonoperating $272.24K USD 1 Quarter
Interest income, net InvestmentIncomeNonoperating $251.84K USD 1 Quarter
Interest expense InterestExpense - USD 1 Quarter
Interest expense InterestExpense $10.66K USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $3.31M USD 1 Quarter
Total other income (expense) NonoperatingIncomeExpense $6.36M USD 1 Quarter
(Loss) income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $-2.07M USD 1 Quarter
(Loss) income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $1.39M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit - USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit - USD 1 Quarter
Net (loss) income NetIncomeLoss $1.39M USD 1 Quarter
Net (loss) income NetIncomeLoss $-2.07M USD 1 Quarter
Unrealized gain on short-term investment securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $146.90K USD 1 Quarter
Unrealized gain on short-term investment securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax - USD 1 Quarter
Reclassification of losses to net loss ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax $-16.02K USD 1 Quarter
Reclassification of losses to net loss ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax - USD 1 Quarter
Other Comprehensive Income (Loss), Net of Tax OtherComprehensiveIncomeLossNetOfTax $162.92K USD 1 Quarter
Other Comprehensive Income (Loss), Net of Tax OtherComprehensiveIncomeLossNetOfTax - USD 1 Quarter
Comprehensive (loss) income ComprehensiveIncomeNetOfTax $-1.91M USD 1 Quarter
Comprehensive (loss) income ComprehensiveIncomeNetOfTax $1.39M USD 1 Quarter
Net (loss) income per common share - basic EarningsPerShareBasic $-0.02 USD 1 Quarter
Net (loss) income per common share - basic EarningsPerShareBasic $0.01 USD 1 Quarter
Net (loss) income per common share - diluted EarningsPerShareDiluted $0.01 USD 1 Quarter
Net (loss) income per common share - diluted EarningsPerShareDiluted $-0.02 USD 1 Quarter
Common shares used in basic earnings per share calculation WeightedAverageNumberOfSharesOutstandingBasic 124.64M shares 1 Quarter
Common shares used in basic earnings per share calculation WeightedAverageNumberOfSharesOutstandingBasic 124.02M shares 1 Quarter
Common shares used in diluted earnings per share calculation WeightedAverageNumberOfDilutedSharesOutstanding 124.64M shares 1 Quarter
Common shares used in diluted earnings per share calculation WeightedAverageNumberOfDilutedSharesOutstanding 144.16M shares 1 Quarter
Cash Flow Statement 74 line items
Line Item Tag Value Unit Period
Net (loss) income NetIncomeLoss $1.39M USD 1 Quarter
Net (loss) income NetIncomeLoss $-2.07M USD 1 Quarter
Amortization and depreciation DepreciationDepletionAndAmortization $267.57K USD 1 Quarter
Amortization and depreciation DepreciationDepletionAndAmortization $291.06K USD 1 Quarter
Amortization of license fees AmortizationOfLicenseFees $59.55K USD 1 Quarter
Amortization of license fees AmortizationOfLicenseFees $24.51K USD 1 Quarter
Lease expense LeaseExpense - USD 1 Quarter
Lease expense LeaseExpense $54.68K USD 1 Quarter
Unrealized gain on investment UnrealizedGainLossOnInvestments $2.97M USD 1 Quarter
Unrealized gain on investment UnrealizedGainLossOnInvestments $6.15M USD 1 Quarter
Unrealized loss on short-term investment securities MarketableSecuritiesUnrealizedGainLoss - USD 1 Quarter
Unrealized loss on short-term investment securities MarketableSecuritiesUnrealizedGainLoss $-92.57K USD 1 Quarter
Realized loss (gain) on short-term investment securities MarketableSecuritiesRealizedGainLoss $-16.02K USD 1 Quarter
Realized loss (gain) on short-term investment securities MarketableSecuritiesRealizedGainLoss $195.00 USD 1 Quarter
Gain on the sale of machinery and equipment GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Gain on the sale of machinery and equipment GainLossOnSaleOfPropertyPlantEquipment $87.35K USD 1 Quarter
Warrant liability gain - net GainLossFromWarrantLiability - USD 1 Quarter
Warrant liability gain - net GainLossFromWarrantLiability $48.71K USD 1 Quarter
Accretion of interest on notes payable AccretionExpense - USD 1 Quarter
Accretion of interest on notes payable AccretionExpense $10.66K USD 1 Quarter
Equity based compensation expense ShareBasedCompensation $563.88K USD 1 Quarter
Equity based compensation expense ShareBasedCompensation $448.90K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $603.58K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-280.84K USD 1 Quarter
Inventory IncreaseDecreaseInInventories $290.45K USD 1 Quarter
Inventory IncreaseDecreaseInInventories $-120.31K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidExpense $306.77K USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidExpense $-42.60K USD 1 Quarter
Operating lease obligations IncreasedecreaseInOperatingLeaseLiability $-54.68K USD 1 Quarter
Operating lease obligations IncreasedecreaseInOperatingLeaseLiability - USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $414.57K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $989.36K USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-338.28K USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-128.52K USD 1 Quarter
Deferred income IncreaseDecreaseInDeferredRevenue $-28.35K USD 1 Quarter
Deferred income IncreaseDecreaseInDeferredRevenue $190.99K USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-3.14M USD 1 Quarter
Net cash used in operating activities NetCashProvidedByUsedInOperatingActivities $-4.68M USD 1 Quarter
Acquisition of patents and trademarks PaymentsToAcquireIntangibleAssets $28.75K USD 1 Quarter
Acquisition of patents and trademarks PaymentsToAcquireIntangibleAssets $7.04K USD 1 Quarter
Acquisition of machinery and equipment PaymentsToAcquireMachineryAndEquipment $177.38K USD 1 Quarter
Acquisition of machinery and equipment PaymentsToAcquireMachineryAndEquipment $125.23K USD 1 Quarter
Proceeds from the sale of machinery and equipment ProceedsFromSaleOfPropertyPlantAndEquipment - USD 1 Quarter
Proceeds from the sale of machinery and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $166.15K USD 1 Quarter
Sales and maturities of short-term investment securities ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment $41.94M USD 1 Quarter
Sales and maturities of short-term investment securities ProceedsFromSaleAndMaturityOfTradingSecuritiesHeldforinvestment $8.41M USD 1 Quarter
Purchase of short-term investment securities PaymentsToAcquireShortTermInvestments $36.92M USD 1 Quarter
Purchase of short-term investment securities PaymentsToAcquireShortTermInvestments $3.77M USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $4.67M USD 1 Quarter
Net cash provided by investing activities NetCashProvidedByUsedInInvestingActivities $4.81M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised $217.50K USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromStockOptionsExercised - USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities - USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $217.50K USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-15.96K USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $1.89M USD 1 Quarter
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $5.55M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $3.66M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $588.96K USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $604.92K USD Point-in-time
Cash and cash equivalents- end of period CashAndCashEquivalentsAtCarryingValue $5.55M USD Point-in-time
Cash and cash equivalents- end of period CashAndCashEquivalentsAtCarryingValue $3.66M USD Point-in-time
Cash and cash equivalents- end of period CashAndCashEquivalentsAtCarryingValue $588.96K USD Point-in-time
Cash and cash equivalents- end of period CashAndCashEquivalentsAtCarryingValue $604.92K USD Point-in-time
Cash paid during the period for interest InterestPaidNet - USD 1 Quarter
Cash paid during the period for interest InterestPaidNet - 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
Patent and trademark additions included in accounts payable PatentAndTrademarkAdditionsIncludedInAccountsPayable $179.91K USD 1 Quarter
Patent and trademark additions included in accounts payable PatentAndTrademarkAdditionsIncludedInAccountsPayable $180.07K USD 1 Quarter
Machinery and equipment additions included in accounts payable MachineryAndEquipmentAdditionsIncludedInAccountsPayable $160.92K USD 1 Quarter
Machinery and equipment additions included in accounts payable MachineryAndEquipmentAdditionsIncludedInAccountsPayable $68.56K USD 1 Quarter
Right-of-use assets and corresponding operating lease obligations RightofuseAssetsAndCorrespondingOperatingLeaseObligations - USD 1 Quarter
Right-of-use assets and corresponding operating lease obligations RightofuseAssetsAndCorrespondingOperatingLeaseObligations $814.27K USD 1 Quarter
Stockholders Equity 19 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquity $77.59M USD Point-in-time
Beginning balance StockholdersEquity $75.43M USD Point-in-time
Beginning balance StockholdersEquity $69.82M USD Point-in-time
Beginning balance StockholdersEquity $71.28M USD Point-in-time
Stock issued in connection with warrant exercises StockIssuedDuringPeriodValueWarrantsExercise - USD 1 Quarter
Stock issued in connection with option exercises StockIssuedDuringPeriodValueStockOptionsExercised $217.50K USD 1 Quarter
Stock issued in connection with option exercises StockIssuedDuringPeriodValueStockOptionsExercised - USD 1 Quarter
Equity-based compensation StockIssuedDuringPeriodValueShareBasedCompensation $448.90K USD 1 Quarter
Equity-based compensation StockIssuedDuringPeriodValueShareBasedCompensation $563.88K USD 1 Quarter
Unrealized gain on short-term investment securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax $146.90K USD 1 Quarter
Unrealized gain on short-term investment securities OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax - USD 1 Quarter
Reclassification of losses to net loss ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax $-16.02K USD 1 Quarter
Reclassification of losses to net loss ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax - USD 1 Quarter
Net loss (income) NetIncomeLoss $1.39M USD 1 Quarter
Net loss (income) NetIncomeLoss $-2.07M USD 1 Quarter
Ending balance StockholdersEquity $77.59M USD Point-in-time
Ending balance StockholdersEquity $75.43M USD Point-in-time
Ending balance StockholdersEquity $69.82M USD Point-in-time
Ending balance StockholdersEquity $71.28M USD Point-in-time

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

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