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Note 10 - Related Party Transactions
 6 Months Ended
Jun. 30, 2023
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

Note 10.    Related Party Transactions 

 

The Company’s Gamma Knife business is operated through its 81% indirect interest in its GKF subsidiary. The remaining 19% of GKF is owned by a wholly owned U.S. subsidiary of Elekta, which is the manufacturer of the Gamma Knife. Since the Company purchases its Gamma Knife units from Elekta, there are significant related party transactions with Elekta, such as equipment purchases, commitments to purchase and service equipment, and costs to maintain the equipment. 

 

The following table summarizes related party activity for the three and six-month periods ended June 30, 2023 and 2022:

 

  

Three Months Ended June 30,

  

Six Months Ended June 30,

 
  

2023

  

2022

  

2023

  

2022

 

Equipment purchases and de-install costs

 $1,217,000  $131,000  $1,418,000  $1,363,000 

Costs incurred to maintain equipment

  295,000   279,000   590,000   548,000 

Total related party transactions

 $1,512,000  $410,000  $2,008,000  $1,911,000 

 

The Company also had commitments to purchase or upgrade gamma knife units, purchase a LINAC and service the related equipment of $25,511,000 as of   June 30, 2023.  

 

Related party liabilities on the condensed consolidated balance sheets consist of the following as of  June 30, 2023 and December 31, 2022

 

  

June 30,

  

December 31,

 
  

2023

  

2022

 

Accounts payable, asset retirement obligation and other accrued liabilities

 $2,091,000  $857,000