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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash and cash equivalents $ 16,103 $ 11,551
Trade receivables (net of allowances for doubtful accounts of $176 and $129, respectively) 2,366 2,187
Deferred commissions 1,037 948
Prepaid expenses and other receivables 1,203 819
Total current assets 20,709 15,505
LONG-TERM ASSETS:    
Long-term deferred commissions 1,352 1,580
Long-term lease deposits 850 767
Operating lease right-of-use assets 11,466 8,695
Severance pay fund 582 659
Property and equipment, net 4,675 4,410
Intangible assets, net 9,338 8,966
Goodwill 20,251 20,246
Total long-term assets 48,514 45,323
Total assets 69,223 60,828
CURRENT LIABILITIES:    
Trade payables 1,106 1,184
Employees and payroll accruals 3,714 3,427
Accrued expenses and other liabilities ($31 and $40 attributable to related parties, respectively) 1,200 1,145
Operating lease liabilities 1,886 1,946
Deferred revenues 9,714 7,208
Total current liabilities 17,620 14,910
LONG-TERM LIABILITIES:    
Deferred revenues 1,460 1,956
Convertible notes (related party) 10,000 10,000
Convertible Debentures ($231 attributable to related parties) 9,447
Long-term operating lease liabilities 9,966 7,174
Deferred tax liability 677 796
Accrued severance pay 735 811
Other liabilities 633 470
Total long-term liabilities 32,918 21,207
SHAREHOLDERS' EQUITY:    
Ordinary shares nominal value ILS 0.15 par value - Authorized: 110,000,000 shares at June 30, 2020 (Unaudited) and December 31, 2019; Issued and Outstanding: 60,197,223 and 59,372,173 shares at June 30, 2020 (Unaudited) and December 31, 2019, respectively 2,345 2,309
Additional paid-in capital 257,045 255,741
Accumulated other comprehensive loss (2,011) (2,010)
Accumulated deficit (238,694) (231,329)
Total shareholders' equity 18,685 24,711
Total liabilities and shareholders' equity $ 69,223 $ 60,828