$XXII Income Statement

22nd Century Group, Inc. (XXII)

Income Statement

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All numbers in thousands

Period Ending		Dec 31, 2014	Sep 30, 2014	Jun 30, 2014	Mar 31, 2014
Total Revenue		1	64	16	448
Cost of Revenue		2	306	369	(178)

Gross Profit		(1)	(241)	3	270

	Operating Expenses
	Research Development	414	349	708	(222)
	Selling General and Administrative	5,135	2,104	3,980	(1,163)
	Non Recurring	–	–	–	–
	Others	137	130	267	(71)

	Total Operating Expenses	–	–	–	–


Operating Income or Loss		(5,687)	(2,825)	(2,038)	(1,187)

	Income from Continuing Operations
	Total Other Income/Expenses Net	98	102	(215)	(3,837)
	Earnings Before Interest And Taxes	(5,588)	(2,723)	(1,961)	(5,317)
	Interest Expense	2	2	5	(2)
	Income Before Tax	(5,590)	(2,724)	(1,966)	(5,315)
	Income Tax Expense	–	–	–	–
	Minority Interest	–	–	–	–

	Net Income From Continuing Ops	(5,590)	(2,724)	(1,966)	(5,315)

	Non-recurring Events
	Discontinued Operations	–	–	–	–
	Extraordinary Items	–	–	–	–
	Effect Of Accounting Changes	–	–	–	–
	Other Items	–	–	–	–


Net Income		(5,590)	(2,724)	(1,966)	(5,315)
Preferred Stock And Other Adjustments		–	–	–	–

Net Income Applicable To Common Shares		(5,590)	(2,724)	(1,966)	(5,315)

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