
						December 31, 2024					December 31, 2025
				Place of
				Incorporation
		Principal		and		Carrying			Holding		Carrying			Holding
Name of Associate		Activities		Operation		amount			%		amount			%
						(in thousands)					(in thousands)
Ganzin Technology Corp.		Eye tracking chip and module		Taipei, Taiwan		$	—		31.21		$	—		27.55
Iris Optronics Co., Ltd.		E-paper manufacturing and sales		Tainan, Taiwan			21		4.52			184		3.77
Guangzhou Pixtalks Information Technology Co., Ltd.		3D structured light module		Guangzhou, China			209		29.50			219		29.50
Prilit Optronics, Inc.		LCD panel components manufacturing		Tainan, Taiwan			2,505		14.95			2,099		14.95
Tilt Five, Inc.		Develops of Augmented Reality technology		Delaware, USA			5,836		21.99			4,648		21.99
Calumino Pty Limited		Develops of thermal sensing technology		Sydney, Australia			—		—			3,062		13.07
						$	8,571				$	10,212

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,
		2023			2024		2025

		(in thousands)
The Company’s share of losses of associates		$	(598)		(831)		(3,185)
The Company’s share of other comprehensive income of associates		$	20		(146)		108
The Company’s share of total comprehensive income of associates		$	(578)		(977)		(3,077)

The Company has not recognized losses of $691 thousand and $260 thousand in relation to its interest in Ganzin Technology Corp. for the year ended December 31, 2023 and 2024, respectively, because the Company has no obligation in respect of the losses. As of December 31, 2024, the cumulative unrecognized losses in relation to the Company’s interest in Ganzin Technology Corp. was $1,277 thousand.

As of December 31, 2024 and 2025, none of the Company’s equity method investments was pledged as collateral.