Note 17 - Related Party Transactions

12 Months Ended

Dec. 31, 2024

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

NOTE 17.     RELATED PARTY TRANSACTIONS

Some relatives of Nikolay Shilev, Apyx Bulgaria’s Managing Director, are considered related parties. Teodora Shileva, Mr. Shilev’s spouse, is an employee of the Company working in the accounting department. Svetoslav Shilev, Mr. Shilev’s son, is a quality manager in the quality assurance department.

The partner in the Company’s China joint venture is also a supplier of the Company. For the years ended December 31, 2024 and 2023, the Company made purchases from this supplier of approximately $1.0 million and $0.6 million, respectively. At December 31, 2024 and 2023, the Company had payables to this supplier of approximately $243,000 and $82,000, respectively.