CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jun. 30, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash and cash equivalents	$ 12,084,458	$ 11,291,784
Restricted collateral deposits	239,303	236,428
Trade receivables	14,788,292	17,595,811
Unbilled receivables	12,632,064	15,937,060
Other accounts receivable and prepaid expenses	1,985,366	1,155,548
Inventories	9,926,450	9,811,783
Total current assets	51,655,933	56,028,414
LONG TERM ASSETS:
Severance pay fund	5,282,627	4,961,918
Other long term receivables	24,229	23,482
Property and equipment, net	6,593,235	6,462,949
Other intangible assets, net	10,274,098	11,840,365
Goodwill	45,609,459	45,422,219
Total long term assets	67,783,648	68,710,933
Total assets	119,439,581	124,739,347
CURRENT LIABILITIES:
Trade payables	4,523,321	6,772,082
Other accounts payable and accrued expenses	5,327,268	9,105,214
Current portion of long term debt	4,358,554	4,380,730
Short term bank credit	6,460,000	33,238
Deferred revenues	5,811,802	7,826,178
Total current liabilities	26,480,945	28,117,442
LONG TERM LIABILITIES:
Contractual and accrued Israeli statutory severance pay	7,465,656	7,051,630
Long term portion of debt	14,514,885	16,934,360
Deferred income tax liability	6,416,271	6,117,021
Other long term liabilities	214,081	163,446
Total long-term liabilities	28,610,893	30,266,457
Total liabilities	55,091,838	58,383,899
Share capital –
Common stock – $0.01 par value each; Authorized: 50,000,000 shares as of June 30, 2015 and December 31, 2014; Issued and outstanding: 24,697,335 shares and 24,533,121 shares as of June 30, 2015 and December 31, 2014, respectively	246,974	245,331
Preferred shares – $0.01 par value each; Authorized: 1,000,000 shares as of June 30, 2015 and December 31, 2014; No shares issued or outstanding as of June 30, 2015 and December 31, 2014	0	0
Additional paid-in capital	246,303,695	245,970,742
Accumulated deficit	(182,335,258)	(179,609,611)
Notes receivable from stockholders	(908,054)	(908,054)
Accumulated other comprehensive income	1,040,386	657,040
Total stockholders’ equity	64,347,743	66,355,448
Total liabilities and stockholders’ equity	$ 119,439,581	$ 124,739,347