Note 11 - Related Party Transactions

3 Months Ended

Mar. 31, 2018

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

11.

      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

March 31, 2018,

the Company has purchased

601

units. The price per unit is variable and dependent on the volume and timing of units ordered. In conjunction with the Agreement, Stellartech purchased

37,500

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

$3,273,000

and

$2,025,000

for goods and services during the

three

months ended

March 31, 2018

and

2017,

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

March 31, 2018

and

December 31, 2017

were

$1,129,000

and

$938,000,

respectively.

In connection with the Distributorship Agreement entered into with ICM, the Company also entered into a Membership Unit Subscription Agreement with ICM and the Company invested

$2,500,000

in ICM. As of

March 31, 2018,

the Company has purchased

2,100

units. Under the Agreement, the Company paid ICM

$80,000

during the

three

months ended

March 31, 2018.

The amounts due to ICM for the accounts payable as of

March 31, 2018

and

December 31, 2017

were

$26,000

and

$28,000

respectively.