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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Cash flows from operating activities:      
Net loss $ (3,609) $ (1,692) $ (629)
Adjustments required to reconcile net loss to net cash provided by operating activities:      
Depreciation 411 345 256
Share-based compensation 3,027 1,489 746
Amortization of intangible assets 2,862 1,215 909
Accretion of payment obligations 477 $ 682 $ 95
Change in fair value of payment obligations (2,067)
Change in:      
Accrued severance pay, net 184 $ (46) $ (14)
Trade receivables 1,512 (767) (1,049)
Other accounts receivable and prepaid expenses (364) 265 (226)
Other long term assets (38) (1) 4
Trade payables 343 (136) 115
Deferred revenues 2,533 1,674 10
Employees and payroll accruals 937 (187) 506
Accrued expenses and other current liabilities (202) 782 (220)
Liability presented at fair value and other long-term liabilities (91) (187) 363
Tax benefit related to exercise of stock options (218) (121) (189)
Change in deferred taxes, net (777) (224) (415)
Net cash provided by operating activities 4,920 3,091 262
Cash flows from investing activities:      
Purchase of property and equipment (625) (446) $ (663)
Decrease (increase) in restricted cash 430 (430)
Cash paid in connection with acquisition, net of acquired cash (Note 3) (10,402) (748) $ (4,163)
Net cash used in investing activities $ (10,597) $ (1,624) (4,826)
Cash flows from financing activities:      
Issuance of common shares, net of issuance expenses 17,956
Proceeds from exercise of warrants and options $ 1,164 $ 888 1,096
Receipts on account of shares 81
Payment of contingent consideration $ (2,054) (2,000)
Tax benefit related to exercise of stock options 218 $ 121 189
Net cash provided by (used in) financing activities (672) 1,009 17,322
Foreign currency translation adjustments on cash and cash equivalents (88) 2 (55)
Increase (decrease) in cash and cash equivalents (6,437) 2,478 12,703
Cash and cash equivalents at the beginning of the year 18,959 16,481 3,778
Cash and cash equivalents at the end of the year 12,522 18,959 16,481
Cash paid during the year for:      
Income taxes 1,558 500 426
Supplemental disclosure of non-cash investing and financing activities:      
Issuance of shares related to acquisition $ 6,600 $ 503 $ 1,046