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COMMITMENTS AND CONTINGENCIES (Tables) | 9 Months Ended
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Sep. 30, 2025
COMMITMENTS AND CONTINGENCIES |
Schedule of future commitments | ​
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​ | ​ | ​ | ​ | ​ | ​ | Future Commitments | ​
Commitment |  | Counter Party |  | Commitment Type |  | 2025 |  | 2026 |  | 2027 |  | 2028 | ​ | 2029 & After | ​ | Total |
License Agreement | ​ | NCSU | ​ | Minimum annual royalty | ​ | $ | 25 | ​ | $ | 100 | ​ | $ | 150 | ​ | $ | 150 | ​ | $ | 3,275 | ​ | $ | 3,700 | (1)
License Agreement | ​ | NCSU | ​ | Contract fee | ​ | ​ | 250 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 250 | (2)
Consulting Agreements | ​ | Various | ​ | Contract fee | ​ | ​ | 87 | ​ | ​ | 146 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 233 | (3)
​ | ​ | ​ | ​ | ​ | ​ | $ | 362 | ​ | $ | 246 | ​ | $ | 150 | ​ | $ | 150 | ​ | $ | 3,275 | ​ | $ | 4,183 | ​
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| (1) | The minimum annual royalty fee is credited against running royalties on sales of licensed products. The Company is also responsible for reimbursing NCSU for actual third-party patent costs incurred, including capitalized patent costs and patent maintenance costs. These costs vary from year to year and the Company has certain rights to direct the activities that result in these costs.
| (2) | On November 1, 2023, the Company entered into a license agreement with NCSU for an exclusive sublicensable right and license under specific patent rights and plant variety rights for the field of use in specific licensed territories. Additional milestone fees could be required pending achievement of events pursuant to the agreement. The amount was subsequently included in the note payable issued in October 2025. See Note 14 “Subsequent Events.”
| (3) | As a requirement for a modified risk tobacco product and condition of the marketing authorization by the FDA, the Company engaged various consulting firms to conduct post-market studies and research.

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