Company: XXII
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001558370-25-011464
Chunk: 1

Company: 22nd Century Group, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Item 8
Chunk 1
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 it can generate significant revenue and profit in its tobacco business. The Company had negative cash flow from operations of $6,454 and $6,970 for the six months ended June 30, 2025 and 2024, respectively, and an accumulated deficit of $401,606 and $393,871 as of June 30, 2025 and December 31, 2024, respectively. As of June 30, 2025, the Company had cash and cash equivalents of $3,083.Given the Company’s projected operating requirements and its existing cash and cash equivalents, there is substantial doubt about the Company’s ability to continue as a going concern through one year following the date that the Condensed Consolidated Financial Statements are issued.In response to these conditions, management continues to evaluate different strategies for reducing expenses, as well as pursuing financing strategies which include raising additional funds through the issuance of debt or equity securities, asset sales, and through arrangements with strategic partners. If capital is not available to the Company when, and in the amounts needed, it could be required to liquidate inventory, cease or curtail operations, or seek protection under applicable bankruptcy laws or similar state proceedings. There can be no assurance that the Company will be able to raise the capital it needs to continue operations. Management’s plans do not alleviate substantial doubt about the Company’s ability to continue as a going concern through one year following the date that the Condensed Consolidated Financial Statements are issued.​