|
Consolidated Balance Sheets(USD ($)) In Thousands, unless otherwise specified
|
Dec. 31, 2012
|
Dec. 31, 2011
|
| Current assets: |
|
|
| Cash and cash equivalents |
$ 33,311 |
$ 8,931 |
| Term deposit |
103 |
97 |
| Accounts receivable, net |
1,542 |
1,161 |
| Deferred commissions |
2,081 |
2,233 |
| Prepaid expenses and other current assets |
899 |
765 |
| Deferred tax assets |
3,939 |
29 |
| Total current assets |
41,875 |
13,216 |
| Property and equipment, net |
3,913 |
2,418 |
| Deferred tax assets, net of valuation allowance |
1,532 |
0 |
| Security deposits |
225 |
98 |
| Other non-current assets |
167 |
0 |
| Total assets |
47,712 |
15,732 |
| Current liabilities: |
|
|
| Accounts payable |
222 |
858 |
| Accrued expenses and other liabilities |
4,964 |
3,862 |
| Income taxes payable |
1,391 |
40 |
| Deferred revenue |
16,972 |
7,942 |
| Obligations under capital leases |
702 |
99 |
| Total current liabilities |
24,251 |
12,801 |
| Non-current liabilities: |
|
|
| Deferred revenue - less current portion |
6,964 |
2,928 |
| Obligations under capital leases, less current portion |
237 |
70 |
| Deferred tax liabilities |
31 |
0 |
| Other non-current liabilities |
272 |
256 |
| Total non-current liabilities |
7,504 |
3,254 |
| Total liabilities |
31,755 |
16,055 |
| Commitments and contingencies |
|
|
| Redeemable preferred stock: |
|
|
| Series A convertible redeemable preferred stock, $.001 par value, 50,000,000 shares authorized, 32,667,123 shares issued and outstanding (liquidation value $5,259,406) |
3,233 |
3,205 |
| Stockholders' equity: |
|
|
| Common Stock, $.001 par value, 250,000,000 shares authorized, 83,586,155 and 81,861,335 shares issued and outstanding |
84 |
82 |
| Additional paid-in capital |
26,052 |
23,598 |
| Note receivable from shareholder |
0 |
(3,072) |
| Accumulated deficit |
(13,480) |
(24,133) |
| Accumulated other comprehensive income (loss) |
68 |
(3) |
| Total stockholders' equity |
12,724 |
(3,528) |
| Total liabilities, redeemable preferred stock and stockholders' equity |
$ 47,712 |
$ 15,732 |