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Note 18 - Related Party Transactions
6 Months Ended
Jun. 30, 2020
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]
1
8
.
Related Party Transactions
 
On
March 10, 2016,
the Company entered into the
2016
Purchase Agreement with Liquidmetal Technology Limited, providing for the purchase of
405,000,000
shares of the Company's common stock for an aggregate purchase price of
$63,400.
Liquidmetal Technology Limited was a newly formed company owned by Professor Li. In connection with the
2016
Purchase Agreement and also on
March 10, 2016,
the Company and Eontec, entered into a license agreement pursuant to which the Company and Eontec entered into a cross-license of their respective technologies. Eontec is a publicly held Hong Kong corporation of which Professor Li is the Chairman and major shareholder. Eontec is also an affiliate of Yihao, which is currently the Company's primary outsourced manufacturer. As of
June 30, 2020,
Professor Li is a greater-than
5%
beneficial owner of the Company and serves as the Company's Chairman, President, and Chief Executive Officer. Equipment and services procured from Eontec, and their affiliates, were
$45
and
$68
during the
three
and
six
months ended
June 30, 2020,
respectively. Equipment and services procured from Eontec, and their affiliates, were
$0
and
$0
during the
three
and
six
months ended
June 30, 2019,
respectively.