Quarterly report pursuant to Section 13 or 15(d)

Note 14 - Related Party Transactions

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Note 14 - Related Party Transactions
9 Months Ended
Sep. 30, 2021
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

14.

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 September 30, 2021, the Company has purchased 855 units. The price per unit is variable and dependent on the volume and timing of units ordered. In conjunction with the Agreement, Stellartech purchased 38 shares of Viveve, Inc.’s common stock. Under the Agreement, the Company paid Stellartech $50,000 and $199,000 for goods and services during the three months ended September 30, 2021 and 2020, respectively, and approximately $203,000 and $948,000 for the nine months ended September 30, 2021 and 2020, respectively. The amounts due to Stellartech for accounts payable as of September 30, 2021 and December 31, 2020 were approximately $1,000 and $9,000, respectively.