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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Cash flows activities:    
Net loss $ (2,125) $ (1,914)
Adjustments required to reconcile net loss to net cash provided by operating activities:    
Depreciation 193 163
Stock-based compensation 971 677
Amortization of intangible assets 1,285 591
Accretion of payment obligation 130 341
Change in liabilities presented at fair value and other long-term liabilities 40 (251)
Change in operating assets and liabilities:    
Accrued severance pay, net 163 174
Trade receivables 1,390 127
Other accounts receivable and prepaid expenses (972) (50)
Other assets (12) (12)
Trade payables 355 (102)
Deferred revenues 2,225 1,486
Employees and payroll accruals 421 349
Accrued expenses and other liabilities (339) $ (145)
Tax benefit related to exercise of stock options (60)  
Change in deferred taxes, net 195 $ (165)
Net cash provided by operating activities 3,860 1,269
Cash flows from investing activities:    
Purchase of property and equipment (283) $ (314)
Acquisition of company, net of cash acquired (10,402)  
Net cash used in investing activities (10,685) $ (314)
Cash flows from financing activities:    
Proceeds from exercise of stock options, warrants and rights 696 $ 695
Tax benefit related to exercise of stock options 60  
Payment of contingent consideration (2,054)  
Net cash provided by (used in) financing activities (1,298) $ 695
Foreign currency translation adjustments on cash and cash equivalents 2 (12)
Increase (decrease) in cash and cash equivalents (8,121) 1,638
Cash and cash equivalents at the beginning of the period 18,959 16,481
Cash and cash equivalents at the end of the period 10,838 18,119
Cash paid during the year for:    
Cash paid during the period for taxes 1,028 $ 382
Supplemental disclosure of non-cash investing activity:    
Issuance of shares related to acquisition $ 6,599