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CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2016
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS |
Schedule showing break-down of the Company's total investments |
|  | Accounting Method |  | December 31, 2016 |  | December 31, 2015 |
|  |  |  |  |  | (Restated) |
|  |  |  | (in thousands) |
Cortina |  | Cost Method |  | $ | — |  | $ | — |
GCT Semiconductor, Inc. |  | Cost Method |  | — |  | 811 |
Xalted Networks |  | Cost Method |  | — |  | — |
UTStarcom Hong Kong Holdings Ltd |  | Cost Method |  | 3,499 |  | 3,499 |
SBI |  | Cost Method |  | — |  | 1,283 |
Total Investments using Cost Method |  |  |  | 3,499 |  | 5,593 |
ACELAND |  | Equity Method |  | 2,554 |  | 1,109 |
UiTV |  | Equity Method |  | — |  | — |
Shareholder Loan to ACELAND |  | Equity Method |  | — |  | 7,119 |
Total Investments using Equity Method |  |  |  | 2,554 |  | 8,228 |
AioTV |  | AFS |  | 1,700 |  | 5,700 |
SBI |  | AFS |  | 479 |  | — |
Total Investments Classified as AFS |  |  |  | 2,179 |  | 5,700 |
Total Investment |  |  |  | $ | 8,232 |  | $ | 19,521 |
Less :Short-term investment |  |  |  |  |  |  |
SBI |  | AFS |  | 479 |  | — |
Short-term Investment |  |  |  | $ | 479 |  | $ | — |
Long-term Investment |  |  |  | $ | 7,753 |  | $ | 19,521 |
Summary of condensed financial information of equity method investees |
|  | Condensed Year Ended December 31, 2016 |  | Condensed Year Ended December 31, 2015 |  | Condensed Year Ended December 31, 2014 |
|  | (In thousands) |  | (In thousands) |  | (In thousands) |
Operating data: |  |  |  |  |  |  |
Revenue |  | $ | — |  | $ | — |  | $ | — |
Gross profit |  | $ | — |  | $ | — |  | $ | — |
Income (loss) from operations |  | $ | 950 |  | $ | ( | 9) | $ | (2 | )
Net income (loss) |  | $ | 2,812 |  | $ | ( | 9) | $ | (2 | )
Net income (loss) attributable to Equity method investees |  | $ | 984 |  | $ | ( | 3) | $ | (1 | )
|  | Year Ended December 31, 2016 |  | Year Ended December 31, 2015 |  | Year Ended December 31, 2014 |
|  | (In thousands) |  | (In thousands) |  | (In thousands) |
Balance sheet data: |  |  |  |  |  |  |
Current assets |  | $ | 18,616 |  | $ | 7 |  | $ | 7 |
Long-term assets |  | $ | 105 |  | $ | 18,238 |  | $ | 18,381 |
Current liabilities |  | $ | (11,669 | ) | $ | (14,135 | ) | $ | (14,233 | )
Long-term liabilities |  | $ | — |  | $ | — |  | $ | — |
Non-controlling interests |  | $ | — |  | $ | — |  | $ | — |
Summary of available-for-sale investments | The following is a summary of available-for-sale investment as of December 31,2016:
|  | Cost |  | Cash Collection |  | Impairment charges and equity losses |  | Transfer-out from available-for-sale investments |  | Realized gain |  | Estimated fair value |
|  | (in thousands) |
Security of a private company |  | $ | 479 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 479 |
Convertible bonds of privately-held company |  | 800 |  | — |  | — |  | — |  | — |  | 800 |
Preferred convertible shares of privately-held company |  | 5,200 |  | — |  | (4,300 | ) | — |  | — |  | 900 |
Total available-for-sale investments |  | $ | 6,479 |  | $ | — |  | $ | (4,300 | ) | $ | — |  | $ | — |  | $ | 2,179 |
The following is a summary of available-for-sale investments as of December 31, 2015:
|  | Cost |  | Cash Collection |  | Impairment charges and equity losses |  | Transfer-out from available-for-sale investments |  | Realized gain |  | Estimated fair value |
|  | (in thousands) |
Security of a public company |  | $ | 2,299 |  | $ | (2,299 | ) | $ | — |  | $ | — |  | $ | — |  | $ | — |
Convertible bonds of privately-held company |  | 40,700 |  | (10,000 | ) | (20,000 | ) | (10,000 | ) | (200 | ) | 500 |
Preferred convertible shares of privately-held company |  | 8,000 |  | — |  | (2,800 | ) | — |  | — |  | 5,200 |
Total available-for-sale investments |  | $ | 50,999 |  | $ | (12,299 | ) | $ | (22,800 | ) | $ | (10,000 | ) | $ | (200 | ) | $ | 5,700 |
Schedule of financial assets measured and recognized at fair value on a recurring basis and classified under the appropriate level of the fair value hierarchy |
|  | Level 1 |  | Level 2 |  | Level 3 |  | Total |
|  | (in thousands) |
As of December 31, 2015 |  |  |  |  |  |  |  |  |
Short-term investments |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Long-term investments |  | — |  | — |  | 5,700 |  | 5,700 |
As of December 31, 2016 |  |  |  |  |  |  |  |  |
Short-term investments |  | — |  | — |  | 479 |  | 479 |
Long-term investments |  | $ | — |  | $ | — |  | $ | 1,700 |  | $ | 1,700 |
Schedule of changes in financial assets using unobservable inputs (Level 3) |
|  | Amount In thousands |
As of December 31, 2013 |  | $ | 53,971 |
Less: Share of loss from Associates |  | (3,570 | )
Less: Impairment Charges |  | (2,401 | )
Add: Unrealized gain |  | 200 |
As of December 31, 2014 |  | $ | 48,200 |
Less: Share of loss from Associates |  | (13,954 | )
Less: Impairment Charges |  | (8,846 | )
Less: Cash Collection |  | (10,000 | )
Less: Transfer-out from available-for-sale investments |  | (10,000 | )
Add: New invest in convertible bond |  | 500 |
Add: Unrealized gain |  | (200 | )
As of December 31, 2015 |  | $ | 5,700 |
Less: Impairment Charges |  | (4,300 | )
Add: New invest in convertible bond |  | 300 |
As of December 31, 2016 |  | $ | 1,700 |
AioTV |
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS |
Schedule of significant inputs for the valuation model used to estimate fair value of investments |
|  | Year Ended |  | Year Ended |
|  | December 31, |  | December 31, |
|  | 2016 |  | 2015 |
Total fair value of invested Capital as at valuation date (in thousands) |  | 900 |  | 5,200 |
Risk free rate of interest |  | 0.8 | % | 1.6 | %
Dividend yield |  | 0 | % | 0 | %
Expiration date |  | 2017/11/14 |  | 2017/11/14 |
Volatility |  | 41.0 | % | 50.8 | %

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