Note 13 - Other Current Liabilities

9 Months Ended

Sep. 30, 2025

Notes to Financial Statements

Other Liabilities Disclosure [Text Block]

Note 13 - Other Current Liabilities

In 2008, we entered into an Amended and Restated License Agreement with Philip Morris USA, Inc., or PMUSA, with respect to the U.S., or the U.S. License Agreement, and, as PMUSA had assigned its ex-U.S. rights to Philip Morris Products S.A., or PMPSA, effective on the same date and on substantially the same terms and conditions, we entered into a license agreement with PMPSA with respect to rights outside of the U.S., which we refer to, together with the U.S. License Agreement, as the PM License Agreements. Under amendment no. 2 to each of these agreements, we owe $200,000 to PMUSA and $125,000 to PMPSA. Interest accrues at the rate of 36% per annum on such balance until the date of payment.  Accrued interest currently totals approximately $100,000.