Note 12 - Related Party Transactions

9 Months Ended

Sep. 30, 2019

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

September 30, 2019,

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

375

shares of Viveve, Inc.’s common stock. Under the Agreement, the Company paid Stellartech approximately

$720,000

and

$3,015,000

for goods and services during the

three

months ended

September 30, 2019

and

2018,

respectively, and approximately

$3,853,000

and

$8,613,000

for the

nine

months ended

September 30, 2019

and

2018,

respectively. The amounts due to Stellartech for accounts payable as of

September 30, 2019

and

December 31, 2018

were approximately $

456,000

and

$960,000,

respectively.