22Nd Century Group, Inc. (XXII) 10K Annual Reports & 10Q SEC Filings

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
Document and Entity Information - USD ($) $ in Millions	Dec. 31, 2021	Feb. 22, 2022	Jun. 30, 2021
Document and Entity Information
Document Type	10-K
Document Annual Report	true
Document Transition Report	false
Amendment Flag	false
Document Period End Date	Dec. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity File Number	001-36338
Entity Registrant Name	22nd Century Group, Inc.
Entity Central Index Key	0001347858
Current Fiscal Year End Date	--12-31
Entity Incorporation, State or Country Code	NV
Entity Tax Identification Number	98-0468420
Entity Address, Address Line One	500 Seneca Street, Suite 507
Entity Address, City or Town	Buffalo
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	14204
City Area Code	716
Local Phone Number	270-1523
Title of 12(b) Security	Common Stock, $0.00001 par value
Security Exchange Name	NASDAQ
Trading Symbol	XXII
Entity Current Reporting Status	Yes
ICFR Auditor Attestation Flag	true
Auditor Name	Freed Maxick, CPAs, P.C.
Auditor Firm ID	317
Auditor Location	Buffalo, New York
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 740
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		162,938,375

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Inside 22Nd Century Group, Inc.'s 10-K Annual Report:

Other - Other Highlight
Net cash provided by (used in) financing activities During the year ended December 31, 2021, cash provided by financing activities increased by $51,179 resulting from (i) the net proceeds of $11,782 resulting from cash exercises of all outstanding warrants during the first quarter of 2021; (ii) net proceeds of $38,206 resulting from a capital raise in June 2021; (iii) net proceeds pertaining to notes payable issuances and payments of $49; and (iv) net proceeds from stock option exercises of $1,307.

Other - Other Highlight
This increase in working capital was primarily due to a $26,394 increase in cash, cash equivalents and short-term investment securities resulting from (i) net proceeds of $11,782 from the cash exercises of all outstanding warrants during the first quarter of 2021; and (ii) net proceeds of $38,206 from a capital raise in June 2021 described below, offset primarily by cash and cash equivalents consumed in the operating activities of the Company.
Financial - Expense Highlight
Costs of goods sold - Products / Gross profit For the year ended December 31, 2021, the increase in gross profit as compared to 2020 was primarily driven by improved contract manufactured sales mix due to new customer contracts, cigarette price increases and sales of our higher margin SPECTRUM research cigarettes.
Financial - Expense Highlight
The decrease in 2021 was primarily due to amortization expense on a lower base of amortizable intangible assets.
Financial - Expense Highlight
Research and development expense R&D expense during the year ended December 31, 2021, decreased $834 as compared to the prior year, primarily driven by lower costs for R&D personnel, consulting and professional services, and licenses and contracts, as well as a 2020 tobacco leaf inventory impairment of $360 that did not recur in 2021.
Financial - Expense
Interest expense ? Interest expense...Read more
Financial - Expense
Depreciation expense ? The decrease...Read more
Revenue - Product
We believe our short-term investment...Read more
Financial - Income
Cash interest income for the...Read more
Other - Other
Under the new administration and...Read more
Financial - Shares
Amounts in thousands, except for...Read more
Other - Other
This increase was primarily due...Read more
Financial - Expense
Personnel expense decreased by $222...Read more
Other - Other
This overall change of $44,198...Read more
Other - Other
We will maintain diligent financial...Read more
Other - Other
As of December 31, 2021,...Read more
Financial - Expense
With the addition of this...Read more
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Net cash used in operating...Read more
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In addition, during 2021 director...Read more
Revenue - Product
Sales, general and administrative expense...Read more
Other - Other
We also have an effective...Read more
Other - Other
Impairment of Long-Lived Assets -...Read more
Financial - Expense
Consulting and professional services decreased...Read more
Revenue - Product
We anticipate a phased rollout...Read more
Financial - Earnings
Since reporting third quarter 2021...Read more
Other - Other
We believe that recent political...Read more
Financial - Shares
These transactions resulted in the...Read more
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Unrealized (loss) gain on investments...Read more
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Our intangible assets subject to...Read more
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We recorded an unrealized loss...Read more
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Net loss for the full...Read more

Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Material Contracts, Statements, Certifications & more

22Nd Century Group, Inc. provided additional information to their SEC Filing as exhibits

Exhibit 4.1: Instruments Defining The Rights Of Security Holders, Including Indentures

Exhibit 23.1: Consents Of Experts And Counsel

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification

Exhibit 32.1: Section 1350 Certification

Ticker: XXII
CIK: 1347858
Form Type: 10-K Annual Report
Accession Number: 0001558370-22-002452
Submitted to the SEC: Tue Mar 01 2022 6:14:30 AM EST
Accepted by the SEC: Tue Mar 01 2022
Period: Friday, December 31, 2021
Industry: Cigarettes

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22Nd Century Group, Inc. (XXII) SEC Filing 10-K Annual Report for the fiscal year ending Friday, December 31, 2021

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