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CASH, CASH EQUIVALENTS AND SHORT AND LONG TERM INVESTMENTS (Tables) | 12 Months Ended
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Dec. 31, 2018
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 |  | 2018 |  |  | 2017 |
|  |  |  | (in thousands) |
UTStarcom Hong Kong Holdings Ltd |  | Cost |  | $ | 3,129 |  |  | $ | 3,499 |
GCT Semiconductor, Inc. |  | Cost |  |  | — |  |  |  | — |
Cortina |  | Cost |  |  | — |  |  |  | — |
SBI |  | Cost |  |  | — |  |  |  | — |
Total Investments using Cost Method |  |  |  |  | 3,129 |  |  |  | 3,499 |
ACELAND |  | Equity |  |  | 2,095 |  |  |  | 2,357 |
UiTV |  | Equity |  |  | — |  |  |  | — |
AioTV |  | Equity |  |  | — |  |  |  | — |
Total Investments using Equity Method |  |  |  |  | 2,095 |  |  |  | 2,357 |
Total Investments |  |  |  | $ | 5,224 |  |  | $ | 5,856 |
Summary of condensed financial information of equity method investees |
|  | Condensed |  |  | Condensed |  |  | Condensed |
|  | Year Ended |  |  | Year Ended |  |  | Year Ended |
|  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  | (in thousands) |  |  | (in thousands) |  |  | (in thousands) |
Operating data: |  |  |  |  |  |  |  |  |
Revenue |  | $ | 6,131 |  |  | $ | 6,943 |  |  | $ | — |
Gross profit |  | $ | 4,847 |  |  | $ | 4,841 |  |  | $ | — |
Income (loss) from operations |  | $ | (911 | ) |  | $ | (2,776 | ) |  | $ | 950 |
Net income (loss) |  | $ | (4,422 | ) |  | $ | (2,104 | ) |  | $ | 2,812 |
Net income (loss) attributable to Equity method investees |  | $ | (262 | ) |  | $ | (687 | ) |  | $ | 984 |
|  | Year Ended |  |  | Year Ended |  |  | Year Ended |
|  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  | (in thousands) |  |  | (in thousands) |  |  | (in thousands) |
Balance sheet data: |  |  |  |  |  |  |  |  |
Current assets |  | $ | 13,550 |  |  | $ | 20,527 |  |  | $ | 18,616 |
Long-term assets |  | $ | 1,289 |  |  | $ | 2,545 |  |  | $ | 105 |
Current liabilities |  | $ | (9,672 | ) |  | $ | (70,213 | ) |  | $ | (11,669 | )
Long-term liabilities |  | $ | (53,071 | ) |  | $ | — |  |  | $ | — |
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 | ) |  | $ | — |  |  | $ | — |
Schedule of changes in financial assets using unobservable inputs (Level 3) |
|  | Amount |
|  | In thousands |
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 and 2018 |  | $ | — |
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 |  | 0.80 | %
Dividend yield |  | 0.00 | %
Expiration date |  | November 14, 2017 |
Volatility |  | 41 | %

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