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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 29,087 $ 9,166
Trade receivables (net of allowance for doubtful accounts of $15 at December 31, 2017 and 2016) 10,609 7,031
Other accounts receivable and prepaid expenses 1,074 663
Total current assets 40,770 16,860
LONG-TERM ASSETS    
Severance pay fund 4,378 3,770
Property and equipment, net 1,287 1,214
Intangible assets, net 1,431 2,778
Goodwill 30,929 30,929
Deferred taxes 1,209 2,340
Other assets 152 155
Total long-term assets 39,386 41,186
Total assets 80,156 58,046
CURRENT LIABILITIES:    
Trade payables 666 375
Payment obligation related to acquisitions 271
Deferred revenues 11,066 10,676
Employees and payroll accruals 5,730 4,741
Accrued expenses and other current liabilities 3,066 2,021
Total current liabilities 20,528 18,084
LONG-TERM LIABILITIES:    
Deferred revenues 2,163 1,438
Liability presented at fair value 512
Accrued severance pay 5,941 5,027
Other liabilities 321 277
Total long-term liabilities 8,425 7,254
SHAREHOLDERS' EQUITY:    
Share capital - Ordinary shares of NIS 0.4 par value - Authorized: 32,500,000 shares at December 31, 2017 and 2016; Issued and outstanding 20,718,468 shares at December 31, 2017 and 16,841,238 shares at December 31, 2016 2,361 1,921
Additional paid-in capital 174,693 149,716
Accumulated other comprehensive loss (1,222) (1,013)
Accumulated deficit (124,629) (117,916)
Total shareholders' equity 51,203 32,708
Total liabilities and shareholders' equity $ 80,156 $ 58,046