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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
CURRENT ASSETS:    
Cash and cash equivalents $ 11,764 $ 29,087
Short term bank deposits 32,477
Trade receivables (net of allowance for doubtful accounts of $20 and $15 at December 31, 2018 and 2017, respectively) 19,742 10,609
Deferred commissions costs 1,879
Other accounts receivable and prepaid expenses 2,463 1,074
Total current assets 68,325 40,770
LONG-TERM ASSETS    
Deferred commissions costs 6,455
Severance pay fund 4,460 4,378
Property and equipment, net 1,428 1,287
Intangible assets, net 488 1,431
Goodwill 30,929 30,929
Deferred taxes 1,209
Other assets 184 152
Total long-term assets 43,944 39,386
Total assets 112,269 80,156
CURRENT LIABILITIES:    
Trade payables 1,574 666
Deferred revenues 13,714 11,066
Employees and payroll accruals 9,838 5,730
Accrued expenses and other current liabilities 2,894 3,066
Total current liabilities 28,020 20,528
LONG-TERM LIABILITIES:    
Deferred revenues 3,474 2,163
Deferred taxes liability 350
Accrued severance pay 6,062 5,941
Other liabilities 463 321
Total long-term liabilities 10,349 8,425
SHAREHOLDERS' EQUITY:    
Share capital - Ordinary shares of NIS 0.4 par value - Authorized: 32,500,000 shares at December 31, 2018 and 2017; Issued and outstanding: 21,672,401 shares at December 31, 2018 and 20,718,468 shares at December 31, 2017 2,466 2,361
Additional paid-in capital 185,054 174,693
Accumulated other comprehensive loss (1,575) (1,222)
Accumulated deficit (112,045) (124,629)
Total shareholders' equity 73,900 51,203
Total liabilities and shareholders' equity $ 112,269 $ 80,156