22nd century group, inc. (XXII)
Income statement / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Sep'10Jun'10
Revenue:
Sale of products, net

-

-

-

-

-

-

-

-

-

-

-

-

11,492

-

11,875

11,445

10,924

8,521

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other income - therapeutic grant

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

223

0

0

0

-

-

Sale of products, net

26,596

25,832

25,706

25,504

26,604

26,426

23,821

21,459

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,012

1,045

437

0

0

0

Cost of goods sold (exclusive of depreciation shown separately below):
Sale of products

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Total Revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

2

516

671

788

821

294

0

0

0

Products

-

-

-

-

-

-

-

-

-

-

-

-

12,319

-

12,066

11,733

11,365

9,102

6,183

3,294

706

252

277

238

225

48

81

0

0

-

0

-

-

418

229

99

0

0

0

Royalties for licensing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Cost of Revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Products

26,192

25,818

25,401

25,027

25,879

25,527

23,778

21,731

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Gross profit (loss)

404

14

304

476

724

898

455

-35

-362

-707

-1,007

-851

-827

-429

-191

-287

-440

-580

-592

-552

-255

30

6,816

7,089

7,086

6,816

0

0

0

-

-

-

-

-

-

-

-

-

-

Operating expenses:
Research and development (including equity-based compensation of $41 and $100, respectively)

6,566

8,057

10,112

12,129

14,923

14,989

12,525

9,300

5,332

3,366

2,690

2,597

2,294

2,340

2,423

2,236

2,010

1,571

1,328

1,172

1,152

1,216

1,080

874

775

744

743

756

832

729

1,073

1,629

1,969

2,097

1,576

984

0

0

0

Sales, general and administrative (including equity-based compensation of $439 and $349, respectively)

0

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General and administrative (including equity-based compensation)

-

-

-

8,326

-

-

-

7,638

7,528

-

6,454

6,050

5,967

6,193

6,307

6,379

5,955

7,760

10,914

11,422

11,470

8,823

4,810

3,907

3,963

4,106

3,929

3,392

3,043

2,205

2,136

2,217

1,769

1,785

1,520

1,217

0

0

0

Pre-manufacturing facility costs (including equity based compensation of $0, $0 and $27,923, respectively)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,176

702

432

158

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Sales and marketing costs (including equity-based compensation)

-

-

-

968

-

-

-

1,001

1,065

-

1,193

1,191

1,174

1,581

1,711

1,905

1,944

1,357

904

457

201

85

61

38

0

-

0

0

-

61

64

89

118

286

0

0

0

-

-

Depreciation

610

589

573

549

533

522

476

432

389

353

348

341

333

326

323

323

321

319

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization

791

835

933

919

868

819

721

648

620

593

565

549

532

516

503

489

472

454

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization and depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

225

212

205

198

193

188

182

179

173

169

0

0

0

Total operating expenses

22,733

23,580

24,118

22,893

25,153

24,917

22,447

19,021

14,936

12,591

11,252

10,729

10,302

10,958

11,269

11,334

10,704

11,463

11,230

10,795

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total operating expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

4,858

4,387

4,139

3,194

3,722

4,449

4,410

4,767

3,767

2,702

0

0

0

Operating loss

-22,329

-23,566

-23,813

-22,417

-24,428

-24,018

-21,991

-19,056

-15,298

-13,299

-12,259

-11,581

-11,129

-11,387

-11,460

-11,622

-11,145

-12,043

-14,955

-15,022

-14,707

-11,767

-136

1,601

2,016

1,812

-4,890

-4,436

-4,188

-3,244

-3,719

-3,853

-3,565

-3,755

-2,721

-2,264

0

0

0

Other income (expense):
Unrealized (loss) gain on investment

-5,838

-2,419

-11,288

-4,405

-2,888

284

10,159

6,236

6,143

342

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized gain on investments

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized (loss) on short-term investment securities

233

220

140

43

-70

-54

-48

-42

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Litigation expense

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrant liability loss - net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Warrant amendment inducement expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

144

3,880

3,880

3,880

3,736

0

0

0

-

-

-

-

-

-

-

-

-

-

Settlement Proceeds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on the disposition of machinery and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

71

71

85

85

0

0

0

0

-

-

-

-

-

-

-

-

-

-

Gain (loss) on investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-142

-145

-131

-95

-200

-192

-152

-101

-26

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on short-term investment securities

-

-

-

-

-

-

-

-

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on the sale of machinery and equipment

0

87

87

87

87

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrant liability gain (loss), net

-

-

-

-

-

48

29

-26

-103

-157

-123

-114

-46

29

-40

34

156

144

373

488

449

-3,676

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest income, net

1,406

1,066

1,067

1,080

1,089

1,069

825

590

351

115

58

40

30

16

13

21

25

31

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest expense

57

56

43

35

21

10

10

13

21

29

31

33

35

37

54

53

57

52

29

22

10

7

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warrant liability (loss) gain - net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,504

0

0

-

0

-

-

-

-

Related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41

91

141

272

266

220

172

45

94

148

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,053

797

1,025

1,221

928

645

351

58

27

27

0

0

0

Total other income (expense)

-6,146

-2,992

-5,465

9,687

13,002

16,051

19,208

6,652

6,277

270

219

177

179

-193

-238

-158

977

1,011

1,198

1,302

310

-3,827

-17,689

-32,076

-30,971

-27,965

-17,746

-3,276

-2,937

-3,492

2,146

2,278

744

2,407

215

0

0

0

-

Loss before income taxes

-28,475

-26,558

-29,279

-12,729

-11,426

-7,966

-2,783

-12,404

-9,021

-13,029

-12,040

-11,403

-10,950

-11,581

-11,699

-11,781

-10,167

-11,031

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes - deferred

38

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

-4

10

7

6

0

0

0

-

-

Net loss

-28,513

-26,558

-29,279

-12,729

-11,426

-7,966

-2,783

-12,404

-9,021

-13,029

-12,040

-11,403

-10,950

-11,581

-11,699

-11,781

-10,167

-11,031

-13,757

-13,719

-14,396

-15,595

-25,377

0

0

-

0

-

-

-6,735

-1,569

-1,585

-2,827

-1,353

-2,515

-2,435

0

0

0

Other comprehensive (loss) income:
Unrealized (loss) gain on short-term investment securities

-136

206

254

285

125

-21

-37

-70

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reclassification of losses to net loss

233

220

152

55

-59

-43

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other comprehensive income (loss)

-370

-14

102

230

184

21

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Comprehensive loss

-28,883

-26,572

-29,176

-12,499

-11,242

-7,945

-2,352

-12,052

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income per common share - basic

-

-

-0.08

-

-

-

0.05

-

0.01

-

-0.03

-

-0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income per common share - diluted

-

-

-0.08

-

-

-

0.04

-

0.01

-

-0.03

-

-0.03

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,713

-7,125

-6,736

-1,573

-1,575

-2,820

-1,347

-2,506

-2,440

0

0

0

Net loss per common share - basic and diluted

-0.03

-

-

-0.06

-0.02

-

-

-0.05

-

-

-

-0.04

-

-0.04

-0.03

-0.04

-0.04

-0.04

-0.04

-0.02

-0.06

-0.09

-0.05

-0.03

-0.09

-0.20

-0.32

-0.01

-0.07

-0.13

-0.01

0.00

-0.08

0.04

-0.02

-0.04

-0.03

-0.02

-0.03

Common shares used in basic and diluted net loss per share calculation

138,854

-

-

124,661

124,644

-

-

124,311

-

-

-

91,577

-

88,929

80,386

76,024

74,031

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common shares used in basic net (loss) income per share calculation

-

-

125,420

-

-

-

124,376

-

124,019

-

100,673

-

90,699

-

-

-

-

-

70,798

66,616

64,187

63,473

60,103

58,749

57,647

51,051

47,389

39,794

36,305

33,351

31,048

29,257

28,020

27,260

27,209

27,204

23,890

15,322

11,193

Common shares used in diluted net (loss) income per share calculation

-

-

125,420

-

-

-

144,382

-

144,164

-

100,673

-

90,699

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-