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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
CURRENT ASSETS:    
Cash and cash equivalents $ 11,551 $ 17,571
Trade receivables (net of allowances for doubtful accounts of $129 and $20 as of December 31, 2019 and 2018, respectively) 2,187 3,658
Deferred commissions 948 887
Prepaid expenses and other receivables ($- and $6 attributable to related parties, respectively) 819 778
Total current assets 15,505 22,894
LONG-TERM ASSETS:    
Long-term deferred commissions 1,580 1,880
Long-term lease deposits 767 821
Operating lease right-of-use assets 8,695  
Severance pay fund 659 503
Property and equipment, net 4,410 4,608
Intangible assets, net 8,966 8,802
Goodwill 20,246 20,519
Total long-term assets 45,323 37,133
Total assets 60,828 60,027
CURRENT LIABILITIES:    
Trade payables 1,184 1,668
Employees and payroll accruals 3,427 3,959
Accrued expenses and other liabilities ($32 and $40 attributable to related parties, respectively) 1,145 910
Operating lease liabilities 1,946
Earn-out consideration and related costs 2,926
Deferred revenues 7,208 5,773
Total current liabilities 14,910 15,236
LONG-TERM LIABILITIES:    
Deferred revenues 1,956 503
Convertible notes (related party) 10,000 10,000
Long-term operating lease liabilities 7,174
Deferred tax liability, net 796 1,130
Accrued severance pay 811 598
Other liabilities 470 700
Total long-term liabilities 21,207 12,931
COMMITMENTS AND CONTINGENCIES (Note 7)
SHAREHOLDERS' EQUITY:    
Ordinary shares nominal value ILS 0.15 par value - Authorized: 110,000,000 and 75,353,340 shares as of December 31, 2019 and 2018; Issued: 59,372,173 and 54,405,881 shares as of December 31, 2019 and 2018; Outstanding: 59,372,173 and 54,057,208 shares as of December 31, 2019 and 2018, respectively 2,309 2,097
Additional paid-in capital 255,741 245,570
Treasury shares at cost: 0 and 348,673 Ordinary shares as of December 31, 2019 and 2018, respectively (998)
Accumulated other comprehensive loss (2,010) (1,666)
Accumulated deficit (231,329) (213,143)
Total shareholders' equity 24,711 31,860
Total liabilities and shareholders' equity $ 60,828 $ 60,027