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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 9,166 $ 12,522
Trade receivables (net of allowance for doubtful accounts of $15 at December 31, 2016 and 2015) 7,031 4,524
Other accounts receivable and prepaid expenses 663 639
Total current assets 16,860 17,685
Severance pay fund 3,770 3,513
Property and equipment, net 1,214 1,260
Intangible assets, net 2,778 9,272
Goodwill 30,929 30,844
Deferred taxes 2,248 415
Other assets 155 169
Total long-term assets 41,094 45,473
Total assets 57,954 63,158
CURRENT LIABILITIES:    
Trade payables 375 664
Payment obligation related to acquisitions 271 2,204
Deferred revenues 10,676 9,354
Employees and payroll accruals 4,741 4,012
Accrued expenses and other current liabilities 2,021 1,248
Total current liabilities 18,084 17,482
LONG-TERM LIABILITIES:    
Deferred revenues 1,438 1,348
Liability presented at fair value 512 719
Payment obligation related to acquisitions 254
Accrued severance pay 5,027 4,746
Other liabilities 277 318
Total long-term liabilities 7,254 7,385
SHAREHOLDERS' EQUITY:    
Share capital - Ordinary shares of NIS 0.4 par value - Authorized: 32,500,000 shares at December 31, 2016 and 2015; Issued and outstanding 16,841,238 shares at December 31, 2016 and 16,406,243 shares at December 31, 2015 1,921 1,876
Additional paid-in capital 149,685 144,836
Accumulated other comprehensive loss (1,013) (1,137)
Accumulated deficit (117,977) (107,284)
Total shareholders' equity 32,616 38,291
Total liabilities and shareholders' equity $ 57,954 $ 63,158