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CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2017
CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS |
Schedule showing break-down of the Company's total long-term investments |
|  | Accounting |  | December 31, |  | December 31, |
|  | Method |  | 2017 |  | 2016 |
|  |  |  | (in thousands) |
UTStarcom Hong Kong Holdings Ltd |  | Cost Method |  | $ | 3,499 |  | $ | 3,499 |
GCT Semiconductor, Inc. |  | Cost Method |  | — |  | — |
Xalted Networks |  | Cost Method |  | — |  | — |
Cortina |  | Cost Method |  | — |  | — |
SBI |  | Cost Method |  | — |  | — |
Total Investments using Cost Method |  |  |  | 3,499 |  | 3,499 |
ACELAND |  | Equity Method |  | 2,357 |  | 2,554 |
UiTV |  | Equity Method |  | — |  | — |
AioTV |  | Equity Method |  | — |  | — |
Shareholder Loan to ACELAND |  | Equity Method |  | — |  | — |
Total Investments using Equity Method |  |  |  | 2,357 |  | 2,554 |
AioTV |  | AFS |  | — |  | 1,700 |
Total Investments Classified as AFS |  |  |  | — |  | 1,700 |
Total Investment |  |  |  | $ | 5,856 |  | $ | 7,753 |
Summary of condensed financial information of equity method investees |
|  | Condensed Year Ended December 31, 2017 |  | Condensed Year Ended December 31, 2016 |  | Condensed Year Ended December 31, 2015 |
|  | (in thousands) |  | (in thousands) |  | (in thousands) |
Operating data: |  |  |  |  |  |  |
Revenue |  | $ | 15 |  | $ | — |  | $ | — |
Gross profit |  | $ | 15 |  | $ | — |  | $ | — |
Income (loss) from operations |  | $ | (1,906 | ) | $ | 950 |  | $ | (9 | )
Net income (loss) |  | $ | (2,524 | ) | $ | 2,812 |  | $ | (9 | )
Net income (loss) attributable to Equity method investees |  | $ | (1,079 | ) | $ | 984 |  | $ | (3 | )
|  | Year Ended December 31, 2017 |  | Year Ended December 31, 2016 |  | Year Ended December 31, 2015 |
|  | (in thousands) |  | (in thousands) |  | (in thousands) |
Balance sheet data: |  |  |  |  |  |  |
Current assets |  | $ | 14,859 |  | $ | 18,616 |  | $ | 7 |
Long-term assets |  | $ | 148 |  | $ | 105 |  | $ | 18,238 |
Current liabilities |  | $ | (12,150 | ) | $ | (11,669 | ) | $ | (14,135 | )
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, 2017:
|  | Cost |  | Cash Collection |  | Impairment charges and equity losses |  | Transfer-out from available-for-sale investments |  | Realized gain |  | Estimated fair value |
|  | (in thousands) |
Shares of a private company |  | $ | 479 |  | $ | (479 | ) | $ | — |  | $ | — |  | $ | — |  | $ | — |
Convertible bonds of privately-held company |  | 800 |  | — |  | (408 | ) | (392 | ) | — |  | — |
Preferred convertible shares of private company |  | 900 |  | — |  | (900 | ) | — |  | — |  | — |
Total available-for-sale investments |  | $ | 2,179 |  | $ | (479 | ) | $ | (1,308 | ) | $ | (392 | ) | $ | — |  | $ | — |
The following is a summary of available-for-sale investment as of December 31, 2016:
|  |  |  |  |  |  |  | Transfer- out |  |  |  |  |
|  |  |  |  |  | Impairment |  | from available- |  |  |  |  |
|  |  |  | Cash |  | charges and |  | for-sale |  | Realized |  | Estimated |
|  | Cost |  | Collection |  | equity losses |  | investments |  | gain |  | fair value |
|  | (in thousands) |
Shares of a private company |  | $ | 479 |  | $ | — |  | $ | — |  | $ | — |  | $ | — |  | $ | 479 |
Convertible bonds of a private company |  | 800 |  | — |  | — |  | — |  | — |  | 800 |
Preferred convertible shares of a private company |  | 5,200 |  | — |  | (4,300 | ) | — |  | — |  | 900 |
Total available-for-sale investments |  | $ | 6,479 |  | $ | — |  | $ | (4,300 | ) | $ | — |  | $ | — |  | $ | 2,179 |
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, 2017 |  |  |  |  |  |  |  |  |
Short-term investments |  | $ | — |  | $ | — |  | $ | — |  | $ | — |
Long-term investments |  | — |  | — |  | — |  | — |
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, 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 investment in convertible bonds |  | 500 |
Add: Unrealized gain |  | (200 | )
As of December 31, 2015 |  | $ | 5,700 |
Less: Impairment Charges |  | (4,300 | )
Add: New investment in convertible bonds |  | 300 |
As of December 31, 2016 |  | $ | 1,700 |
Less: Impairment charges |  | (1,308 | )
Less: Transfer-out from available-for-sale investments |  | (392 | )
As of December 31, 2017 |  | $ | — |
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 |
|  | December 31, |
|  | 2016 |
Total fair value of invested Capital as at valuation date (in thousands) |  | 900 |
Risk free rate of interest |  | 0.8 | %
Dividend yield |  | 0 | %
Expiration date |  | 2017/11/14 |
Volatility |  | 41.0 | %

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- Definition Tabular disclosure of equity method investments including, but not limited to, name of each investee or group of investments, percentage ownership, difference between recorded amount of an investment and the value of the underlying equity in the net assets, and summarized financial information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=66011266&loc=d3e33918-111571 + Details
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- Definition Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19190-110258 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=66048111&loc=d3e19207-110258 + Details
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