Note 15 - Related Party Transactions

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

15. 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, 2020,

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

$1,051,000

and

$4,889,000

for goods and services during the years ended

December 31, 2020

and

2019,

respectively.

In

August 2017,

the Company entered into a Distributorship Agreement with ICM. Under the terms of the Distributorship Agreement, the Company had a minimum purchase requirement to purchase a certain quantity of ICM products per month during the term of this agreement. In

February 2019,

the Company executed a mutual termination of the Distributorship Agreement with ICM. As a result, the Company

no

longer has a minimum purchase requirement to purchase a certain quantity of ICM products per month. (See Note

5

– Investment in Limited Liability Company for transactions with ICM.)