Note 10 - Commitments and Contingencies

3 Months Ended

Mar. 31, 2026

Notes to Financial Statements

Commitments and Contingencies Disclosure [Text Block]

10. Commitments and Contingencies

Lease

The Company has four leases for facilities used by VBI in San Antonio, Texas.  Refer to Note 7, Leases, for a full discussion of each of the leases and the total commitment by year for the facility leases as a whole. 

Additionally, the Company signed a one-year lease for corporate office space in San Antonio, TX with an effective date of March 16, 2026. The lease calls for monthly base rent of $1,188 and will automatically renew for successive one-year terms unless terminated by either party.   

Exclusive License Agreement – Statera BioPharma

As discussed above in Note 9, the Company is obligated to make certain payments to Statera pursuant to the A&R License Agreement, upon the achievement of certain commercialization milestones.

Contingencies

From time to time, the Company may have certain contingent liabilities that arise in the ordinary course of its business activities. The Company accrues a liability for such matters when future expenditures are probable and such expenditures can be reasonably estimated. The Company recorded no liabilities for contingent matters as of March 31, 2026.