Acquisition of Safend, Ltd (Tables)

12 Months Ended

Dec. 31, 2012

Acquisition of Safend, Ltd.

Schedule of fair values of the assets acquired and liabilities assumed at the acquisition date

Costs to acquire:
Cash payment	$	1,100,000
Stock-based consideration		11,377,528
Total	$	12,477,528
Allocated to:
Cash and cash equivalents	$	296,685
Accounts receivable		469,461
Prepaid expenses and other current assets		557,153
Long-term prepaid expenses		12,197
Property and equipment		133,235
Acquired intangible assets		10,578,000
Accounts payable and accrued expenses		(1,209,764	)
Royalty liability		(4,043,000	)
Deferred revenue		(1,565,704	)
Net assets acquired	$	5,228,263
Charge for adjustments to working capital	$	1,033,206
Allocation to goodwill	$	6,216,059

Schedule of unaudited pro forma financial information

	Twelve Months Ended
	December 31, 2011			December 31, 2010
Net revenue	$	40,378,944		$	31,487,978
Operating loss	$	(13,242,454	)	$	(8,961,047	)
Net loss	$	(13,095,178	)	$	(9,059,096	)
Basic and diluted EPS—Net loss	$	(0.15	)	$	(0.11	)