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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 9,994 $ 9,166
Trade receivables, net 5,844 7,031
Prepaid expenses and other account receivables 1,289 663
Total current assets 17,127 16,860
LONG-TERM ASSETS:    
Other assets 159 155
Deferred taxes, net 1,950 2,340
Severance pay fund 4,226 3,770
Property and equipment, net 1,300 1,214
Intangible assets, net 2,105 2,778
Goodwill 30,929 30,929
Total long-term assets 40,669 41,186
Total assets 57,796 58,046
CURRENT LIABILITIES:    
Trade payables 824 375
Payment obligation related to acquisitions 271
Deferred revenues 12,571 10,676
Employees and payroll accruals 4,429 4,741
Accrued expenses and other current liabilities 1,812 2,021
Liability presented at fair value 300
Total current liabilities 19,936 18,084
LONG-TERM LIABILITIES:    
Other liabilities 295 277
Deferred revenues 1,923 1,438
Liability presented at fair value 512
Accrued severance pay 5,801 5,027
Total long-term liabilities 8,019 7,254
SHAREHOLDERS' EQUITY:    
Share capital - ordinary shares of NIS 0.4 par value - Authorized: 32,500,000 shares at June 30, 2017 and December 31, 2016; Issued and outstanding: 17,062,445 shares at June 30, 2017 and 16,841,238 shares at December 31, 2016 1,946 1,921
Additional paid-in capital 151,554 149,716
Accumulated other comprehensive loss (1,077) (1,013)
Accumulated deficit (122,582) (117,916)
Total shareholders' equity 29,841 32,708
Total liabilities and shareholders' equity $ 57,796 $ 58,046