Note 15 - Subsequent Events |
6 Months Ended |
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Jun. 30, 2025 | |
Notes to Financial Statements | |
Subsequent Events [Text Block] |
NOTE 15 – SUBSEQUENT EVENTS
Completion of Acquisition or Disposition of Assets
On August 8, 2025, Charlie's Holdings, Inc. (the "Company") entered into and closed on an Amendment to the Asset Purchase Agreement (the “Amendment”) with R. J. Reynolds Vapor Company (the “Buyer”) pursuant to which the Buyer purchased one additional PACHA synthetic product and related asset (the “Additional Assets”) that are covered by a premarket tobacco application (“PMTA”) first submitted by the Company in 2022, bringing the total purchased by the Buyer to sixteen. The purchase price for the Additional Assets was $1.0 million paid at closing.
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