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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 10,838 $ 18,959
Restricted cash 430 430
Trade receivables (net of allowance for doubtful accounts of $15 at June 30, 2015 and December 31, 2014) 4,601 5,991
Other accounts receivable and prepaid expenses 1,255 453
Total current assets 17,124 25,833
Severance pay fund 3,542 3,247
Property and equipment, net 1,138 980
Intangible assets, net 10,849 5,402
Goodwill 30,943 17,467
Other long-term assets 143 577
Total long-term assets 46,615 27,673
Total assets 63,739 53,506
CURRENT LIABILITIES:    
Trade payables 720 322
Contingent consideration and payment obligation related to acquisitions 2,442 2,278
Deferred revenues 9,666 7,091
Employees and payroll accruals 3,496 3,023
Accrued expenses and other current liabilities 1,015 1,551
Total current liabilities 17,339 14,265
LONG-TERM LIABILITIES:    
Deferred revenue 767 576
Liabilities presented at fair value 965 906
Contingent consideration related to acquisitions 1,736 2,208
Accrued severance pay 4,754 4,296
Other liabilities 977 98
Total long-term liabilities 9,199 8,084
SHAREHOLDERS' EQUITY:    
Share capital - Ordinary shares of NIS 0.4 par value per share - Authorized: 32,500,000 shares at June 30, 2015 and December 31, 2014; Issued and outstanding: 16,225,825 shares at June 30, 2015 and 15,375,716 shares at December 31, 2014 1,857 1,772
Additional paid-in capital 142,172 133,931
Accumulated other comprehensive loss (1,028) (871)
Accumulated deficit (105,800) (103,675)
Total shareholders' equity 37,201 31,157
Total liabilities and shareholders' equity $ 63,739 $ 53,506