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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 8,919 $ 12,522
Trade receivables (net of allowance for doubtful accounts of $15 at June 30, 2016 and December 31, 2015) 6,920 4,524
Other accounts receivable and prepaid expenses 1,136 639
Total current assets 16,975 17,685
LONG-TERM ASSETS:    
Severance pay fund 3,706 3,513
Property and equipment, net 1,359 1,260
Intangible assets, net 5,747 9,272
Goodwill 30,929 30,844
Other assets 1,644 584
Total long-term assets 43,385 45,473
Total assets 60,360 63,158
CURRENT LIABILITIES:    
Trade payables 1,052 664
Payment obligation related to acquisitions 1,018 2,204
Deferred revenues 10,788 9,354
Employees and payroll accruals 4,662 4,012
Accrued expenses and other current liabilities 1,262 1,248
Total current liabilities 18,782 17,482
LONG-TERM LIABILITIES:    
Deferred revenue 1,016 1,348
Liability presented at fair value 633 719
Payment obligation related to acquisitions 254
Accrued severance pay 5,050 4,746
Other liabilities 330 318
Total long-term liabilities 7,029 7,385
SHAREHOLDERS' EQUITY:    
Share capital - Ordinary shares of NIS 0.4 par value - Authorized: 32,500,000 shares at June 30, 2016 and December 31, 2015; Issued and outstanding: 16,631,754 and 16,406,243 shares at June 30, 2016 and December 31, 2015, respectively 1,899 1,876
Additional paid-in capital 147,470 144,836
Accumulated other comprehensive loss (1,087) (1,137)
Accumulated deficit (113,733) (107,284)
Total shareholders' equity 34,549 38,291
Total liabilities and shareholders' equity $ 60,360 $ 63,158