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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income (loss) $ 5,957 $ (6,713) $ (10,693)
Adjustments required to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Depreciation 544 491 493
Share-based compensation 4,422 3,711 3,880
Retention plan associated with acquisition and other compensation in shares 370
Impairment of intangible assets 4,122
Amortization of intangible assets 943 1,347 2,372
Payment obligations related to acquisitions 27
Accrued interest on short term bank deposits (477)
Change in:      
Accrued severance pay, net 39 306 24
Trade receivables (6,937) (3,514) (2,544)
Other accounts receivable and prepaid expenses (1,435) (392) (29)
Other long-term assets 39 8 14
Trade payables 922 107 (279)
Deferred revenues 4,708 823 1,570
Employees and payroll accruals 4,094 973 1,101
Accrued expenses and other current liabilities (246) 1,025 594
Deferred commissions costs (3,876)
Deferred taxes, net 794 1,131 (1,833)
Remeasurement of long-term liability presented at fair value and other long-term liabilities (212) (185)
Tax deficiencies related to exercise of share options 171
Net cash provided by (used in) operating activities 9,491 (909) (825)
Investing activities:      
Purchase of property and equipment (688) (556) (456)
Short-term bank deposits (32,000)
Net cash used in investing activities (32,688) (556) (456)
Financing activities:      
Proceeds from exercise of share options 6,044 881 289
Payment of contingent consideration (271) (1,990)
Issuance of shares, net of issuance expenses 21,048
Payment of contingent payment right (300)
Tax deficiencies related to exercise of share options (171)
Net cash provided by (used in) financing activities 6,044 21,358 (1,872)
Foreign currency translation adjustments on cash and cash equivalents (170) 28 (203)
Increase (decrease) in cash and cash equivalents (17,323) 19,921 (3,356)
Cash and cash equivalents at the beginning of the year 29,087 9,166 12,522
Cash and cash equivalents at the end of the year 11,764 29,087 9,166
Supplemental disclosure of cash flow activities:      
Cash paid during the year for income taxes 3,407 1,740 653
Supplemental disclosure of non-cash investing and financing activities:      
Issuance expenses not yet paid 218
Issuance of shares related to acquisition $ 224