2015 Q2 Form 10-Q Financial Statement

#000114420415046007 Filed on August 04, 2015

View on sec.gov

Income Statement

Concept 2015 Q2 2014 Q2
Revenue $2.307M $16.11K
YoY Change 14216.45%
Cost Of Revenue $2.600M $13.18K
YoY Change 19636.23%
Gross Profit -$293.5K $2.938K
YoY Change -10089.55%
Gross Profit Margin -12.72% 18.23%
Selling, General & Admin $1.588M $1.379M
YoY Change 15.16% -1.55%
% of Gross Profit 46931.25%
Research & Development $283.6K $263.3K
YoY Change 7.7% 59.51%
% of Gross Profit 8963.07%
Depreciation & Amortization $78.63K $74.68K
YoY Change 5.29% 24.47%
% of Gross Profit 2541.83%
Operating Expenses $2.060M $2.041M
YoY Change 0.91% 30.37%
Operating Profit -$2.347M -$2.038M
YoY Change 15.14% 25.61%
Interest Expense $13.75K $1.769K
YoY Change 677.44% -99.85%
% of Operating Profit
Other Income/Expense, Net $1.065M $72.35K
YoY Change 1371.44% -93.85%
Pretax Income -$1.289M -$1.970M
YoY Change -34.58% 337.78%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$1.289M -$1.966M
YoY Change -34.44% 340.81%
Net Earnings / Revenue -55.86% -12199.42%
Basic Earnings Per Share
Diluted Earnings Per Share -$19.36K -$33.53K
COMMON SHARES
Basic Shares Outstanding 66.62M shares 58.75M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q2 2014 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.200M $4.170M
YoY Change 96.64% 826.67%
Cash & Equivalents $8.197M $4.173M
Short-Term Investments
Other Short-Term Assets $460.0K $250.0K
YoY Change 84.0% 733.33%
Inventory $2.382M $1.733M
Prepaid Expenses $251.1K
Receivables $449.5K $16.11K
Other Receivables $600.0K $0.00
Total Short-Term Assets $12.13M $6.218M
YoY Change 95.09% 247.63%
LONG-TERM ASSETS
Property, Plant & Equipment $2.716M $2.950M
YoY Change -7.94% 10509.98%
Goodwill
YoY Change
Intangibles $7.206M
YoY Change
Long-Term Investments $1.230M $250.0K
YoY Change 392.0%
Other Assets
YoY Change
Total Long-Term Assets $11.15M $2.071M
YoY Change 438.35% 50.84%
TOTAL ASSETS
Total Short-Term Assets $12.13M $6.218M
Total Long-Term Assets $11.15M $2.071M
Total Assets $23.28M $11.24M
YoY Change 107.1% 255.53%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $984.7K $730.0K
YoY Change 34.89% 72.76%
Accrued Expenses $1.149M $660.0K
YoY Change 74.04% 100.09%
Deferred Revenue
YoY Change
Short-Term Debt $170.0K $170.0K
YoY Change 0.0% -54.05%
Long-Term Debt Due $330.0K
YoY Change
Total Short-Term Liabilities $2.927M $1.562M
YoY Change 87.46% -31.48%
LONG-TERM LIABILITIES
Long-Term Debt $610.0K $0.00
YoY Change -100.0%
Other Long-Term Liabilities $3.180M $550.0K
YoY Change 478.18% -93.06%
Total Long-Term Liabilities $3.790M $550.0K
YoY Change 589.09% -93.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.927M $1.562M
Total Long-Term Liabilities $3.790M $550.0K
Total Liabilities $6.710M $2.111M
YoY Change 217.91% -79.65%
SHAREHOLDERS EQUITY
Retained Earnings -$60.93M -$47.21M
YoY Change 29.06% 182.1%
Common Stock $708.00 $593.00
YoY Change 19.39% 33.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $16.57M $9.130M
YoY Change
Total Liabilities & Shareholders Equity $23.28M $11.24M
YoY Change 107.09% 255.55%

Cashflow Statement

Concept 2015 Q2 2014 Q2
OPERATING ACTIVITIES
Net Income -$1.289M -$1.966M
YoY Change -34.44% 340.81%
Depreciation, Depletion And Amortization $78.63K $74.68K
YoY Change 5.29% 24.47%
Cash From Operating Activities -$1.080M -$1.110M
YoY Change -2.7% 200.0%
INVESTING ACTIVITIES
Capital Expenditures -$140.0K -$50.00K
YoY Change 180.0%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$330.0K
YoY Change -100.0%
Cash From Investing Activities -$140.0K -$390.0K
YoY Change -64.1%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 5.570M 300.0K
YoY Change 1756.67% -45.45%
NET CHANGE
Cash From Operating Activities -1.080M -1.110M
Cash From Investing Activities -140.0K -390.0K
Cash From Financing Activities 5.570M 300.0K
Net Change In Cash 4.350M -1.200M
YoY Change -462.5% -766.67%
FREE CASH FLOW
Cash From Operating Activities -$1.080M -$1.110M
Capital Expenditures -$140.0K -$50.00K
Free Cash Flow -$940.0K -$1.060M
YoY Change -11.32% 186.49%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2015Q2 us-gaap Inventory Net
InventoryNet
2381923 USD
CY2015Q2 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
0 USD
CY2014Q4 us-gaap Other Prepaid Expense Current
OtherPrepaidExpenseCurrent
1978785 USD
CY2015Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
455625 USD
CY2014Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
214469 USD
CY2015Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2715807 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
2850615 USD
CY2015Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
7205927 USD
CY2015Q2 us-gaap Advances To Affiliate
AdvancesToAffiliate
1226520 USD
CY2014Q4 us-gaap Advances To Affiliate
AdvancesToAffiliate
1318335 USD
CY2015Q2 xxii Assests Noncurrent Excluding Property Plant And Equipment Net
AssestsNoncurrentExcludingPropertyPlantAndEquipmentNet
8432447 USD
CY2014Q4 xxii Assests Noncurrent Excluding Property Plant And Equipment Net
AssestsNoncurrentExcludingPropertyPlantAndEquipmentNet
8396094 USD
CY2015Q2 us-gaap Assets
Assets
23278071 USD
CY2014Q4 us-gaap Assets
Assets
21953515 USD
CY2015Q2 us-gaap Interest Expense
InterestExpense
13753 USD
CY2015Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
16567623 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
15219737 USD
CY2014Q2 us-gaap Sales Revenue Goods Gross
SalesRevenueGoodsGross
16114 USD
CY2015Q2 us-gaap Sales Revenue Goods Gross
SalesRevenueGoodsGross
2306953 USD
CY2015Q2 us-gaap Gross Profit
GrossProfit
-293493 USD
CY2014Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
274582 USD
CY2015Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
0 USD
CY2014Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
124344 USD
CY2015Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
163827 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
1769 USD
us-gaap Sales Revenue Goods Gross
SalesRevenueGoodsGross
2923091 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
3233026 USD
us-gaap Gross Profit
GrossProfit
-309935 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
491080 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
0 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
324718 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-6466199 USD
xxii Gain Loss From Warrant Liability
GainLossFromWarrantLiability
171833 USD
xxii Warrant Exchange Inducement Expense
WarrantExchangeInducementExpense
144548 USD
CY2014Q2 us-gaap Cash
Cash
4172795 USD
CY2014Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
884412 USD
CY2015Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1148668 USD
CY2014Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
1081545 USD
CY2015Q2 us-gaap Liabilities Current
LiabilitiesCurrent
2927172 USD
CY2014Q4 us-gaap Liabilities Current
LiabilitiesCurrent
2673407 USD
CY2015Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
984664 USD
CY2014Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
13176 USD
CY2014Q2 us-gaap Gross Profit
GrossProfit
2938 USD
CY2014Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
263335 USD
CY2015Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
2600446 USD
CY2014Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
0 USD
CY2014Q4 us-gaap Assets Current
AssetsCurrent
10706806 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2038163 USD
CY2014Q2 xxii Gain Loss From Warrant Liability
GainLossFromWarrantLiability
74117 USD
CY2014Q2 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
-1965815 USD
CY2014Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.03
CY2014Q4 xxii Accrued Severance Liabilities Current
AccruedSeveranceLiabilitiesCurrent
212012 USD
CY2015Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
308105 USD
CY2015Q2 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
174925 USD
CY2014Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
174925 USD
CY2015Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
2871013 USD
CY2014Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
3042846 USD
CY2015Q2 us-gaap Liabilities
Liabilities
6710448 USD
CY2014Q4 us-gaap Liabilities
Liabilities
6733778 USD
CY2015Q2 us-gaap Common Stock Value
CommonStockValue
708 USD
CY2015Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
77497451 USD
CY2014Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
70744190 USD
CY2015Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-60930536 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-55525094 USD
CY2015Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
23278071 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
21953515 USD
CY2015Q2 us-gaap Notes Payable Current
NotesPayableCurrent
332497 USD
CY2014Q4 us-gaap Notes Payable Current
NotesPayableCurrent
320513 USD
CY2015Q2 us-gaap Long Term Notes Payable
LongTermNotesPayable
605217 USD
CY2014Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
605217 USD
CY2015Q2 us-gaap Accounts Payable And Accrued Liabilities Noncurrent
AccountsPayableAndAccruedLiabilitiesNoncurrent
307046 USD
CY2014Q4 us-gaap Accounts Payable And Accrued Liabilities Noncurrent
AccountsPayableAndAccruedLiabilitiesNoncurrent
412308 USD
CY2015Q2 xxii Accrued Severance Liabilities Current
AccruedSeveranceLiabilitiesCurrent
286418 USD
CY2014Q4 us-gaap Inventory Net
InventoryNet
2064796 USD
CY2015Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
449461 USD
CY2015Q2 us-gaap Assets Current
AssetsCurrent
12129817 USD
CY2015Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2346736 USD
CY2015Q2 xxii Gain Loss From Warrant Liability
GainLossFromWarrantLiability
112620 USD
CY2015Q2 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
-40834 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
-1288703 USD
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58749240 shares
CY2015Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66616739 shares
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
449461 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
85621 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
0 USD
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
-91815 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65408908 shares
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
4934462 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
406004 USD
us-gaap Interest Expense
InterestExpense
19261 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
886745 USD
us-gaap Stock Issued During Period Value Other
StockIssuedDuringPeriodValueOther
325000 USD
xxii Warrant Exchange Inducement Expense
WarrantExchangeInducementExpense
0 USD
us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
34500 USD
us-gaap Profit Loss
ProfitLoss
-7280943 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
195613 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
324718 USD
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
0 USD
us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
49011 USD
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
85621 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
0 USD
xxii Gain Loss From Warrant Liability
GainLossFromWarrantLiability
-3993153 USD
us-gaap Share Based Compensation
ShareBasedCompensation
994049 USD
us-gaap Issuance Of Stock And Warrants For Services Or Claims
IssuanceOfStockAndWarrantsForServicesOrClaims
0 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
288841 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
251095 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
433339 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
108396 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
392123 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-179014 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
0 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-2232530 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-3604029 USD
us-gaap Payments To Acquire Intangible Assets
PaymentsToAcquireIntangibleAssets
89352 USD
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
130184 USD
us-gaap Payments To Acquire Machinery And Equipment
PaymentsToAcquireMachineryAndEquipment
4631 USD
us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
631484 USD
us-gaap Proceeds From Sale Of Machinery And Equipment
ProceedsFromSaleOfMachineryAndEquipment
0 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
69054 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-143502 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
466201 USD
us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
34500 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
25200 USD
us-gaap Proceeds From Contributed Capital
ProceedsFromContributedCapital
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
7471 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
505672 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
5541583 USD
CY2013Q4 us-gaap Cash
Cash
5830599 USD
CY2014Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
3031375 USD
CY2014Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
55355 USD
CY2014Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
236115 USD
us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P8Y7M28D
xxii Patent And Trademark Additions Included In Accounts Payable
PatentAndTrademarkAdditionsIncludedInAccountsPayable
213800 USD
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
18000 USD
us-gaap Noncash Or Part Noncash Acquisition Payables Assumed1
NoncashOrPartNoncashAcquisitionPayablesAssumed1
25852 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
325000 USD
us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
0 USD
us-gaap Interest Paid Net
InterestPaidNet
3537 USD
us-gaap Interest Paid Net
InterestPaidNet
7296 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
0 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
16114 USD
xxii Reclassification Of Machinery And Equipment Purchases To Inventory
ReclassificationOfMachineryAndEquipmentPurchasesToInventory
0 USD
xxii Reclassification Of Machinery And Equipment Purchases To Inventory
ReclassificationOfMachineryAndEquipmentPurchasesToInventory
37856 USD
xxii Reclassification Of Derivative Liability To Equity Due To Warrant Amendments
ReclassificationOfDerivativeLiabilityToEquityDueToWarrantAmendments
0 USD
xxii Reclassification Of Derivative Liability To Equity Due To Warrant Amendments
ReclassificationOfDerivativeLiabilityToEquityDueToWarrantAmendments
7367915 USD
xxii Patent And Trademark Additions Included In Accounts Payable
PatentAndTrademarkAdditionsIncludedInAccountsPayable
205586 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
1794052 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-1657804 USD
xxii Increase Decrease In Accrued Severance
IncreaseDecreaseInAccruedSeverance
-30857 USD
xxii Increase Decrease In Accrued Severance
IncreaseDecreaseInAccruedSeverance
0 USD
us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
34500 USD
us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
0 USD
xxii Inventory Reserve Adjustments
InventoryReserveAdjustments
-60000 USD
xxii Inventory Reserve Adjustments
InventoryReserveAdjustments
0 USD
CY2015Q2 xxii Inventory Tobacco Leaf Gross
InventoryTobaccoLeafGross
1554258 USD
CY2014Q4 xxii Inventory Tobacco Leaf Gross
InventoryTobaccoLeafGross
1537521 USD
CY2015Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
110623 USD
CY2014Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
50623 USD
CY2015Q2 us-gaap Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
402605 USD
CY2014Q4 us-gaap Inventory Finished Goods And Work In Process
InventoryFinishedGoodsAndWorkInProcess
154568 USD
CY2015Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
535683 USD
CY2014Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
423330 USD
CY2015Q2 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.2 pure
xxii Working Capital
WorkingCapital
9202645 USD
CY2015Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
8196739 USD
CY2015Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
3031375 USD
CY2015Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
77987 USD
CY2014Q2 us-gaap Equity Method Investments
EquityMethodInvestments
250000 USD
xxii Percentage Of Net Loss
PercentageOfNetLoss
0.25 pure
CY2014Q2 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.1 pure
us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.0075 pure
CY2015Q2 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0400 pure
dei Document Type
DocumentType
10-Q
dei Amendment Flag
AmendmentFlag
false
dei Document Period End Date
DocumentPeriodEndDate
2015-06-30
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2015
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Entity Registrant Name
EntityRegistrantName
22nd Century Group, Inc.
dei Entity Central Index Key
EntityCentralIndexKey
0001347858
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
dei Trading Symbol
TradingSymbol
XXII
CY2015Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
70873164 shares
CY2014Q4 us-gaap Severance Costs1
SeveranceCosts1
624320 USD
xxii Severance Term
SeveranceTerm
P36M
CY2014Q4 xxii Finite Lived Intangible Assets Acquired With Notes Payable
FiniteLivedIntangibleAssetsAcquiredWithNotesPayable
925730 USD
CY2014Q4 us-gaap Long Term Notes Payable
LongTermNotesPayable
605217 USD
CY2014 xxii Finite Lived Intangible Assets Acquired With Notes Payable
FiniteLivedIntangibleAssetsAcquiredWithNotesPayable
925730 USD
us-gaap Debt Instrument Frequency Of Periodic Payment
DebtInstrumentFrequencyOfPeriodicPayment
30 days
CY2015Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2015Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.00001
CY2015Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2014Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
300000000 shares
CY2015Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2014Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.00001
CY2015Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
70773164 shares
CY2015Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
70773164 shares
CY2014Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
64085042 shares
CY2014Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
64085042 shares
CY2015Q2 xxii Property Plant And Equipment Including Assets Held For Sale
PropertyPlantAndEquipmentIncludingAssetsHeldForSale
3109362 USD
CY2014Q4 xxii Property Plant And Equipment Including Assets Held For Sale
PropertyPlantAndEquipmentIncludingAssetsHeldForSale
3086730 USD
CY2015Q2 us-gaap Depreciation
Depreciation
78630 USD
us-gaap Depreciation
Depreciation
157440 USD
CY2015Q2 us-gaap Operating Expenses
OperatingExpenses
2053243 USD
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
2041101 USD
CY2015Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1058033 USD
CY2014Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
72348 USD
CY2015Q2 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
1000000 USD
CY2014Q2 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 USD
CY2014Q2 us-gaap Depreciation
Depreciation
74679 USD
us-gaap Depreciation
Depreciation
75535 USD
us-gaap Sales Revenue Goods Gross
SalesRevenueGoodsGross
463649 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
190872 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
485715 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
2349867 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
432767 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
34160 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
195613 USD
us-gaap Operating Expenses
OperatingExpenses
6156264 USD
us-gaap Operating Expenses
OperatingExpenses
3498122 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-3225345 USD
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
1000000 USD
us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0 USD
us-gaap Interest Expense
InterestExpense
3518 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
1060757 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4055598 USD
us-gaap Net Income Loss
NetIncomeLoss
-7280943 USD
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.13
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
58075029 shares
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
250000 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
1952000 USD
us-gaap Cash Acquired From Acquisition
CashAcquiredFromAcquisition
105000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
5576083 USD
CY2015Q2 xxii Inventorytobacco Leaf Net
InventorytobaccoLeafNet
2492546 USD
CY2014Q4 xxii Inventorytobacco Leaf Net
InventorytobaccoLeafNet
2115419 USD
CY2015Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
109702 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
216289 USD
CY2014Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
49665 USD
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
120078 USD
CY2015Q2 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
600000 USD
CY2014Q4 us-gaap Accounts And Other Receivables Net Current
AccountsAndOtherReceivablesNetCurrent
0 USD
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
600000 USD
us-gaap Increase Decrease In Accounts And Other Receivables
IncreaseDecreaseInAccountsAndOtherReceivables
0 USD
us-gaap Accretion Expense
AccretionExpense
11984 USD
CY2015Q2 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
1.25
us-gaap Gross Profit
GrossProfit
272777 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
5576083 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
0 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
0 USD
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
342894 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
0 USD
us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
2500 USD
CY2015Q2 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
16674778 shares
CY2014Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.0400 pure
CY2014 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.0075 pure
CY2012Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
4173140 USD
CY2013Q1 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
6022319 USD
CY2013Q2 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
711675 USD
CY2013Q3 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
1622069 USD
xxii Reclassification Of Warrant Liability To Equity Upon Exercise Of Warrants
ReclassificationOfWarrantLiabilityToEquityUponExerciseOfWarrants
204513 USD
xxii Reclassification Of Warrant Liability To Equity Upon Exercise Of Warrants
ReclassificationOfWarrantLiabilityToEquityUponExerciseOfWarrants
6542904 USD
CY2013 xxii Reclassification Of Warrant Liability To Equity Upon Exercise Of Warrants
ReclassificationOfWarrantLiabilityToEquityUponExerciseOfWarrants
7712170 USD
CY2013 xxii Inducement Costs From Warrant Amendments
InducementCostsFromWarrantAmendments
3274313 USD
CY2013 xxii Reclassification Of Warrant Liability To Equity Resulting From Warrant Exchange Program
ReclassificationOfWarrantLiabilityToEquityResultingFromWarrantExchangeProgram
19639465 USD
CY2013 us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
19271977 USD
CY2013Q4 us-gaap Derivative Liabilities Noncurrent
DerivativeLiabilitiesNoncurrent
3779522 USD
CY2014Q1 xxii Inducement Costs From Warrant Amendments
InducementCostsFromWarrantAmendments
144548 USD
CY2014 us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
3676691 USD
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
171833 USD
CY2012Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
12972664 shares
CY2013Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
10653469 shares
CY2013Q4 xxii Class Of Warrant Or Right Issued
ClassOfWarrantOrRightIssued
11570274 shares
CY2013 xxii Class Of Warrants Or Rights Issued Under Warrant Exchange Program
ClassOfWarrantsOrRightsIssuedUnderWarrantExchangeProgram
138666 shares
CY2013 xxii Common Stock Warrants Issued Additional Number
CommonStockWarrantsIssuedAdditionalNumber
1665400 shares
CY2013 xxii Number Of Warrants Exercised
NumberOfWarrantsExercised
9831414 shares
CY2013 xxii Number Of Warrants Exercised Under Warrant Exchange Program
NumberOfWarrantsExercisedUnderWarrantExchangeProgram
5862121 shares
CY2014 xxii Warrants Issued In Conjunction With Consulting Agreement
WarrantsIssuedInConjunctionWithConsultingAgreement
4250000 shares
CY2014 xxii Number Of Warrants Exercised
NumberOfWarrantsExercised
1247443 shares
CY2014 xxii Common Stock Warrants Issued Additional Number
CommonStockWarrantsIssuedAdditionalNumber
18383 shares
xxii Common Stock Warrants Issued Additional Number
CommonStockWarrantsIssuedAdditionalNumber
369 shares
xxii Warrants With Provision Of Anti Dilution
WarrantsWithProvisionOfAntiDilution
130178 shares
xxii Warrants Without Provision Of Anti Dilution
WarrantsWithoutProvisionOfAntiDilution
16544600 shares
CY2015Q2 xxii Warrants Outstanding
WarrantsOutstanding
16674778 shares
xxii Warrants Issued In Conjunction With Registered Direct Offering
WarrantsIssuedInConjunctionWithRegisteredDirectOffering
3000000 shares
CY2013Q4 us-gaap Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
3921381 USD
CY2014 xxii Warrants Without Provision Of Anti Dilution
WarrantsWithoutProvisionOfAntiDilution
13544600 shares
CY2014 xxii Warrants With Provision Of Anti Dilution
WarrantsWithProvisionOfAntiDilution
129809 shares
CY2015Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
112620 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
171833 USD
CY2014Q2 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
74117 USD
us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
3993153 USD
xxii Warrants Expiration Period
WarrantsExpirationPeriod
P66M
CY2015Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2015Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
66616739 shares
CY2014Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
58749240 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
65408908 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
58075029 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
10600784 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
19436420 shares
xxii Common Stock And Warrants Issued To Purchase Common Stock
CommonStockAndWarrantsIssuedToPurchaseCommonStock
3000000 shares
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
65000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
146000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
156000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
169000 USD
CY2015Q2 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
24506 USD
CY2014Q2 us-gaap Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
0 USD
CY2015Q2 xxii Lease Payments
LeasePayments
30750 USD
xxii Lease Payments
LeasePayments
61500 USD
CY2014Q2 xxii Lease Payments
LeasePayments
24000 USD
xxii Lease Payments
LeasePayments
45093 USD
CY2015Q1 us-gaap Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
225000 USD
CY2015Q2 us-gaap Supplemental Unemployment Benefits Severance Benefits
SupplementalUnemploymentBenefitsSeveranceBenefits
675000 USD
CY2015Q1 us-gaap Litigation Reserve
LitigationReserve
46069 USD
CY2015Q2 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
400000 USD
CY2015Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 USD
CY2014Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
0 USD
CY2015Q2 us-gaap Preferred Stock Value
PreferredStockValue
USD
CY2015Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1.00
xxii Common Stock And Warrants Issued To Purchase Common Stock
CommonStockAndWarrantsIssuedToPurchaseCommonStock
3000000 shares
us-gaap Fair Value Assumptions Risk Free Interest Rate
FairValueAssumptionsRiskFreeInterestRate
0.0150 pure
us-gaap Fair Value Assumptions Risk Free Interest Rate
FairValueAssumptionsRiskFreeInterestRate
0.0180 pure
us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Fair Value Assumptions Expected Dividend Rate
FairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
0.9 pure
us-gaap Fair Value Assumptions Expected Volatility Rate
FairValueAssumptionsExpectedVolatilityRate
0.9 pure
us-gaap Fair Value Assumptions Expected Term
FairValueAssumptionsExpectedTerm
P10Y
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
465000 shares
CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
215000 shares
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
20000 shares
CY2014 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
300000 shares
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
890000 shares
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
660000 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2661642 shares
CY2014 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
70000 shares
xxii Share Based Compensation Arrangement By Sharebased Payment Award Options Reinstated In Period
ShareBasedCompensationArrangementBySharebasedPaymentAwardOptionsReinstatedInPeriod
50000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
1721642 shares
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
790000 shares
CY2012Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.69
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.80
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
2.61
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.08
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.26
CY2014 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.69
CY2013Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.74
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.17
CY2014Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
1.38
xxii Share Based Compensation Arrangements By Share Based Payment Award Options Reinstated In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsReinstatedInPeriodWeightedAverageExercisePrice
0.69
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
1.10
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P8Y
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P7Y4M24D
CY2015Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
148800 USD
CY2015Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
135600 USD
CY2015Q2 us-gaap Share Based Compensation
ShareBasedCompensation
331773 USD
CY2014Q2 us-gaap Share Based Compensation
ShareBasedCompensation
637365 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
189196 shares
CY2014Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
100000 shares
CY2015Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
1017000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
1721642 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
300000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.59
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
2.07
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
-50000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
206500 USD
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
103250 USD
CY2014Q4 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
13674409 shares
us-gaap Use Of Estimates
UseOfEstimates
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 29.7pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 29.7pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> <strong><i><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font>Use of Estimates</i> -</strong> The preparation of financial statements in conformity with accounting principles generally accepted in the U.S. requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from those estimates.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 29.7pt; MARGIN: 0px; FONT: 10pt Times New Roman, Times, Serif"> <i><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"> </font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><font style="FONT-FAMILY: 'Times New Roman','serif'; FONT-SIZE: 10pt"></font><strong> Reclassifications</strong> -</i> Certain items in the 2014 financial statements have been reclassified to conform to the 2015 classification.</div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
us-gaap Substantial Doubt About Going Concern Managements Plans Substantial Doubt Alleviated
SubstantialDoubtAboutGoingConcernManagementsPlansSubstantialDoubtAlleviated
The Company believes it will have adequate cash reserves to sustain operations and meet all current obligations as they come due for a period of approximately 12 months.
us-gaap Description Of Regulatory Requirements Capital Adequacy Purposes
DescriptionOfRegulatoryRequirementsCapitalAdequacyPurposes
The universal shelf registration statement will allow, but not compel, the Company to raise up to approximately $33 million of capital over a three-year period after the effectiveness of the registration statement through a wide array of securities at times and in amounts to be determined by the Company
us-gaap Accretion Expense
AccretionExpense
0 USD
CY2015Q2 xxii Fair Value Of Warrants
FairValueOfWarrants
2067000 USD
CY2014Q3 xxii Fair Value Of Warrants
FairValueOfWarrants
2067000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
169000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
169000 USD
CY2015Q2 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
141000 USD

Files In Submission

Name View Source Status
0001144204-15-046007-index-headers.html Edgar Link pending
0001144204-15-046007-index.html Edgar Link pending
0001144204-15-046007.txt Edgar Link pending
0001144204-15-046007-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
v416146_10q.htm Edgar Link pending
v416146_ex31-1.htm Edgar Link pending
v416146_ex31-2.htm Edgar Link pending
v416146_ex32-1.htm Edgar Link pending
xxii-20150630.xml Edgar Link completed
xxii-20150630.xsd Edgar Link pending
xxii-20150630_cal.xml Edgar Link unprocessable
xxii-20150630_def.xml Edgar Link unprocessable
xxii-20150630_lab.xml Edgar Link unprocessable
xxii-20150630_pre.xml Edgar Link unprocessable