Note 29 - Related Party Transactions

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

29—RELATED

PARTY TRANSACTIONS

The General Manager of the Company's Korean branch "EDAP-TMS Korea" is also Chairman of a Korean company named Dae You. EDAP-TMS Korea subcontracts to Dae You the service contract maintenance of our medical devices installed in Korea. The amounts invoiced by Dae You under this contract were

€62

thousand,

€78

thousand and

€68

thousand, for

2016,

2015

and

2014

respectively. As of

December

31,

2016,

payables to Dae You amounted to

€9

thousand. As of

December

31,

2015,

payables to Dae You amounted to

€53

thousand.

Dae You has purchased medical devices from us, which it operates in partnership with hospitals or clinics. These purchases (‘Sales of goods’) amounted to

€483

thousand,

€408

thousand and

€308

thousand, in

2016,

2015

and

2014,

respectively. As of

December

31,

2016,

receivables (‘Net trade accounts and notes receivable’) amounted to

€325

thousand. As of

December

31,

2015,

receivables (‘Net trade accounts and notes receivable’) amounted to

€380

thousand.