Equity Method Investments

12 Months Ended

Dec. 31, 2021

Note 13. Equity Method Investments

Associates consisted of the following:


			December 31, 2020			December 31, 2021
		Place of
		Incorporation
Name of	Principal	and	Carrying		Holding	Carrying		Holding
Associate	Activities	Operation	amount		%	amount		%
			(in thousands)				(in thousands)
Ganzin Technology Corp.	Eye tracking chip and module	Taipei, Taiwan	$	577	45.64	$	-	42.01
Iris Optronics Co., Ltd.	E-paper manufacturing and sales	Tainan, Taiwan		61	1.25		174	6.25
Viewsil Microelectronics (Kunshan) Limited	IC design and sales	Kunshan, China		2,621	49.00		2,671	49.00
Guangzhou Pixtalks Information Technology Co., Ltd.	3D structured light module	Guangzhou, China		724	25.00		457	22.50
			$	3,983		$	3,302

Guangzhou Pixtalks Information Technology Co., Ltd. was purchased with original investment amount of $758 thousand in November 2020.

There is no individually significant associate for the Company. The following table summarized the amount recognized by the Company at its share of those associates:


	For the year ended December 31,
	2019		2020	2021

	(in thousands)

The Company’s share of losses of associates	$	(477)	(638)	(1,392)
The Company’s share of other comprehensive income of associates	$	26	58	55
The Company’s share of total comprehensive income of associates	$	(451)	(580)	(1,337)

As of December 31, 2020 and 2021, none of the Company’s equity method investments was pledged as collateral.