Note 13 - Related Parties

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

NOTE

1

3

—RELATED PARTIES

In

2017

and

2016,

the Company paid

$196,000

and

$182,100,

respectively, to Mr. Dave Gollnick for product development, clinical sales and marketing support services. In addition, as of

December 31, 2016,

the Company granted Mr. Gollnick

6,500

RSUs with a grant-date fair value of

$87,100,

that vest over

three

years at the rate of

33.33%

per year on each of the

three

anniversaries from the vesting commencement date of

October 28, 2016,

subject to him continuing to provide consulting and/ or board services to the Company. The Company’s Audit Committee approved the extension of Mr. Gollnick’s consulting agreement through

December 31, 2018

at the rate of

$200

per hour for a maximum of

40

hours per week.

The Company signed an agreement with a real estate firm,

T3

Advisors, effective

September 2017,

to assist the Company in real estate related issues (including strategic planning and search for new facilities). One of

T3

Ad

visors’ Senior Vice President "Mr. Austin Barrett" is related to Greg Barrett – a member of the Company’s board of directors. In

2017,

the Company paid

$38

,000

to

T3

Advisors for Real estate brokerage services.