Annual report pursuant to Section 13 and 15(d)

Note 12 - Related Party Transactions

v3.19.1
Note 12 - Related Party Transactions
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
12.
Related Party Transactions
 
In
June 
2006,
the Company entered into a Development and Manufacturing Agreement (the “Agreement”) with Stellartech Research Corporation (“Stellartech”). The Agreement was amended on
October 
4,
2007.
Under the Agreement, the Company agreed to purchase
300
generators manufactured by Stellartech. As of
December 31, 2018,
the Company has purchased
809
units. The price per unit is variable and dependent on the volume and timing of units ordered. In conjunction with the Agreement, Stellartech purchased
37,500
shares of Viveve, Inc.’s common stock. Under the Agreement, the Company paid Stellartech
$10,150,000
and
$7,912,000
for goods and services during the years ended
December 31, 2018
and
2017,
respectively.
  
The Company’s long-lived assets by geographic area were as follows (in thousands):
 
   
Year Ended
 
   
December 31,
 
   
2018
   
2017
 
                 
United States
  $
2,851
    $
1,192
 
Asia Pacific
   
24
     
52
 
Canada
   
28
     
46
 
Latin America
   
5
     
12
 
Europe
   
8
     
1
 
Total
  $
2,916
    $
1,303
 
 
Long-lived assets, comprised of property and equipment, are reported based on the location of the assets at each balance sheet date.