Wave Systems (WAVX) 10-Q 1 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 27, 2015
Entity Registrant Name	WAVE SYSTEMS CORP
Entity Central Index Key	919013
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Document Type	10-Q
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Amendment Flag	FALSE
Common Class A
Entity Common Stock, Shares Outstanding		51,475,368
Common Class B
Entity Common Stock, Shares Outstanding		8,885

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$3,156,809	$1,777,414
Accounts receivable, net of allowance for doubtful accounts of $-0- at March 31, 2015 and December 31, 2014	1,231,062	1,820,945
Prepaid expenses and other current assets	497,370	397,689
Total current assets	4,885,241	3,996,048
Property and equipment, net	386,109	411,755
Amortizable intangible assets, net	1,862,553	2,008,227
Goodwill	1,448,000	1,448,000
Other assets	165,989	169,330
Total Assets	8,747,892	8,033,360
Current Liabilities:
Accounts payable and accrued expenses	4,088,031	3,918,493
Deferred revenue	5,533,972	5,125,932
Total current liabilities	9,622,003	9,044,425
Other long-term liabilities	41,066	50,779
Royalty liability	5,026,486	4,982,306
Long-term deferred revenue	2,430,458	871,677
Total liabilities	17,120,013	14,949,187
Stockholders’ Deficit:
Capital in excess of par value	426,138,126	422,745,539
Accumulated deficit	-435,025,090	-430,121,078
Total Stockholders’ Deficit	-8,372,121	-6,915,827
Total Liabilities and Stockholders’ Deficit	8,747,892	8,033,360
Common Class A
Stockholders’ Deficit:
Common Stock	514,754	459,623
Common Class B
Stockholders’ Deficit:
Common Stock	$89	$89

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Accounts receivable, allowance for doubtful accounts (in dollars)	$0	$0
Common Class A
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, Authorized shares	150,000,000	150,000,000
Common stock, shares issued	51,475,368	45,962,324
Common stock, shares outstanding	51,475,368	45,962,324
Common Class B
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, Authorized shares	13,000,000	13,000,000
Common stock, shares issued	8,885	8,885
Common stock, shares outstanding	8,885	8,885

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Net revenues:
Licensing and maintenance	$2,452,535	$5,332,539
Total net revenues	2,452,535	5,332,539
Operating expenses:
Licensing and maintenance — cost of net revenues	444,794	312,828
Selling, general and administrative	4,301,674	5,201,968
Research and development	2,499,046	3,064,673
Total operating expenses	7,245,514	8,579,469
Operating loss	-4,792,979	-3,246,930
Other income (expense), net:
Net currency transaction loss	-50,095	-1,711
Net interest expense	-60,938	-44,864
Total other income (expense), net	-111,033	-46,575
Net loss	($4,904,012)	($3,293,505)
Loss per common share - basic and diluted (in dollars per share)	($0.10)	($0.09)
Weighted average number of common shares outstanding (in shares)	49,943,967	38,486,897

Consolidated_Statement_of_Stoc

Consolidated Statement of Stockholders' Deficit (USD $)	Total	Capital in Excess of Par Value	Accumulated Deficit	Common Class A	Common Class B
				Common Stock	Common Stock
Balance at Dec. 31, 2014	($6,915,827)	$422,745,539	($430,121,078)	$459,623	$89
Balance (in shares) at Dec. 31, 2014				45,962,324	8,885
Increase (Decrease) in Stockholders' Equity
Net loss	-4,904,012		-4,904,012
Issuance of Class A common stock at $0.65 per share, less issuance costs of $245,009	3,338,470	3,283,339		55,131
Issuance of Class A common stock at $0.65 per share, less issuance costs of $245,009 (in shares)				5,513,044
Share-based compensation	109,248	109,248
Balance at Mar. 31, 2015	($8,372,121)	$426,138,126	($435,025,090)	$514,754	$89
Balance (in shares) at Mar. 31, 2015				51,475,368	8,885

Consolidated_Statement_of_Stoc1

Consolidated Statement of Stockholders' Deficit (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2015
Statement of Stockholders' Equity [Abstract]
Issuance of Class A Common Stock (in dollars per share)	$0.65
Issuance of Class A Common Stock, issuance costs (in dollars)	$245,009

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Cash flows from operating activities:
Net loss	($4,904,012)	($3,293,505)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	205,752	236,648
Compensation associated with issuance of stock options	109,248	414,283
Accretion of royalty liability	29,050	24,325
Changes in assets and liabilities:
Decrease in accounts receivable	589,883	316,900
(Increase) decrease in prepaid expenses and other current assets	-99,681	6,205
Decrease (increase) in other assets	3,341	-1,135
Increase (decrease) in accounts payable and accrued expenses	240,538	-594,149
Increase (decrease) in deferred revenue	1,966,821	-73,339
Decrease in royalty liability	-55,870	-99,911
Decrease in other long-term liabilities	-9,713	-11,780
Net cash used in operating activities	-1,924,643	-3,075,458
Cash flows from investing activities:
Acquisition of property and equipment	-34,432	-24,757
Net cash used in investing activities	-34,432	-24,757
Cash flows from financing activities:
Net proceeds from issuance of common stock	3,338,470	5,323,717
Net cash provided by financing activities	3,338,470	5,323,717
Net increase in cash and cash equivalents	1,379,395	2,223,502
Cash and cash equivalents at beginning of period	1,777,414	2,120,102
Cash and cash equivalents at end of period	3,156,809	4,343,604
Cash paid during the period for:
Interest	$28,168	$37,620

Critical_Accounting_Policies

Critical Accounting Policies	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Critical Accounting Policies	Critical Accounting Policies
	Wave’s discussion and analysis of its financial condition and results of operations are based on the Company’s consolidated financial statements which have been prepared in accordance with United States generally accepted accounting principles (“GAAP”). The preparation of these financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported revenues and expenses during the reporting periods. On an ongoing basis management evaluates its estimates and judgments, including those related to revenue recognition, accounts receivable reserves, depreciation and amortization, valuation of long-lived, and intangible assets, goodwill, contingencies and share based compensation.  Management bases its estimates on historical experience and on various other factors that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.
	A detailed description of the accounting policies deemed critical to the understanding of the consolidated financial statements is included in the notes to Wave’s audited financial statements for the year ended December 31, 2014, included in its Form 10-K filed with the Securities and Exchange Commission on March 9, 2015.
	Revenue Recognition — Wave's business model targets revenues from various sources including software products and development contracts. Many of these sales arrangements include multiple-elements and/or require significant modification or customization of Wave's software.
	Wave recognizes revenue when 1) persuasive evidence of an arrangement exists, 2) delivery has occurred or services have been rendered, 3) fees are fixed or determinable and 4) collectability is reasonably assured. If we determine that any one of the four criteria is not met, we will defer recognition of revenue until all of the criteria are met. In addition to the aforementioned general policy, the following are the specific revenue recognition policies for each major category of revenue.
	Licensing and Maintenance
	Wave receives revenue from licensing its software to end users, OEM partners, software development and other services including maintenance. Wave applies software revenue recognition guidance to all transactions except those where no software is involved.  Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred, the fee is fixed or determinable and collectability is reasonably assured.  Persuasive evidence is generally a binding purchase order or license agreement.  Delivery occurs when product is shipped for its OEM distribution arrangements, or delivered via a license key for our license agreements.
	Wave enters into perpetual software license agreements through direct sales to customers and indirect sales through its OEM partners, distributors and resellers. Wave has defined its two classes of end user customers: large customers, whose orders are in excess of 5,000 licenses and small customers, whose orders are less than 5,000 licenses. These license upgrade agreements generally include a maintenance component. For arrangements with multiple elements, including software licenses, maintenance and/or services, revenue is allocated and deferred in amounts equivalent to the vendor specific objective evidence ("VSOE") of fair value for the undelivered elements and the difference between the total arrangement fee and the amount deferred for the undelivered elements is recognized as license revenue. VSOE of fair value is based upon the price for which the undelivered element is sold separately.
	Wave has VSOE of fair value of maintenance for its small class of customers based on independent one-year maintenance renewals for its EMBASSY Remote Administration Server (“ERAS”) for Self Encrypting Drives (“SED”) product and its Protector product.  As a result, for the ERAS SED and Protector small customer class licenses with maintenance bundled, Wave allocates the arrangement consideration to the elements in multi-element arrangements using the residual method.  Under the residual method, the VSOE of the undelivered elements is deferred and the remaining portion of the arrangement fee for perpetual licenses is recognized as revenue upon delivery of the software, assuming all other revenue recognition criteria are met.
	When VSOE of fair value for the undelivered elements does not exist, as is the case for Wave’s maintenance for all products other than ERAS SED and Protector, large customer class ERAS SED and Protector orders, and small customer class ERAS SED and Protector orders when maintenance terms are in excess of one year, the entire arrangement fee is recognized ratably over the performance period as licensing and maintenance revenue.
	Wave’s deferred revenue consists of the unamortized maintenance for sales to its small class of customers and bundled license and maintenance arrangements where VSOE does not exist.
	Licensing and maintenance—cost of net revenues includes customer support personnel costs, amortization expense of the developed technology intangible asset, costs associated with providing consulting services and related share-based compensation expense.
	Services
	Revenue from time and material service contracts is recognized as the services are provided. Revenue from fixed price, long-term service or development contracts is recognized using the percentage of completion method or the completed contract method. The determination between use of the completed contract method and the percentage of completion method is based on our ability to reasonably estimate the costs to fulfill the contract. The Company measures the percentage of completion by reference to the proportion of contract hours incurred for work performed to date to the estimated total contract hours expected to be incurred. Losses on fixed price contracts are recognized during the period in which such losses are identified.
	Services—cost of net revenues includes non-recurring time and materials costs incurred in connection with fixed price contracts.
	Valuation of Goodwill - We review goodwill for impairment annually and whenever events or changes in circumstances indicate the fair value of a reporting unit is more likely than not below its carrying value. If the implied fair value of the reporting unit’s goodwill is less than the carrying value, the difference is recorded as an impairment loss. We perform a quantitative test and determine the fair value of the reporting unit using the income approach. Under the income approach, we calculate the fair value of the reporting unit based on the present value of estimated future cash flows. Cash flow projections are based on management’s estimates of revenue growth rates and operating margins, taking into consideration industry and market conditions. The discount rate used is based on the weighted-average cost of capital adjusted for the relevant risk associated with business-specific characteristics and the uncertainty related to the business’s ability to execute on the projected cash flows. The reporting unit’s fair value is allocated to all of the assets and liabilities of the reporting unit, including any unrecognized intangible assets, in a hypothetical analysis that calculates the implied fair value of goodwill in the same manner as if the reporting unit was being acquired in a business combination. If the implied fair value of the reporting unit’s goodwill is less than the carrying value, the difference is recorded as an impairment loss.
	Determining the fair value of a reporting unit is judgmental in nature and involves the use of significant estimates and assumptions. These estimates and assumptions include revenue growth rates and operating margins used to calculate projected future cash flows, risk-adjusted discount rates and future economic and market conditions. We base our fair value estimates on assumptions we believe to be reasonable but they are unpredictable and inherently uncertain. Actual future results may differ from those estimates.
	We will continue to evaluate goodwill on an annual basis as of September 30 and whenever events or changes in circumstances, such as significant adverse changes in business climate or operating results or changes in management’s business strategy, indicate that there may be a potential indicator of impairment.
	Valuation of Long Lived Assets - We review purchased intangible assets with finite lives for impairment whenever events or changes in circumstances indicate the carrying value of an asset group may not be recoverable. Recoverability of asset groups is assessed based on the estimated undiscounted future cash flows expected to be generated by the asset group, including its ultimate disposition. If the sum of the undiscounted cash flows is less than the carrying value, the impairment to be recognized is measured by the amount by which the carrying amount of the asset group exceeds the fair value of the asset group. Assets to be disposed of are reported at the lower of the carrying amount or fair value, less costs to sell.
	Share-based Compensation — We recognize compensation expense for all share-based compensation awards made to employees, directors and consultants, including employee stock options and employee stock purchases related to the Employee Stock Purchase Plan. Share-based compensation expense recognized is based on the fair value of share-based payment awards adjusted for estimated forfeitures.  We estimate the fair value of share-based payment awards at grant date using a Black-Scholes option-pricing model.  Our estimate of the fair value of the share-based payment awards on the date of grant using the Black-Scholes option-pricing model is affected by our stock price as well as assumptions regarding a number of highly complex and subjective variables including, but not limited to, the estimated term of the award and our estimated stock price volatility.
	Recently Adopted Accounting Pronouncements - In August 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-15, Presentation of Financial Statements - Going Concern, which amends the disclosures of uncertainties about an entity's ability to continue as a going concern. The amendments provide guidance in GAAP about management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. In doing so, the amendments should reduce the diversity in the timing and content of footnote disclosures. The Company is required to adopt the amendments in the first quarter of 2017. Early adoption is permitted. The Company is currently evaluating the impact of these amendments on its Consolidated Financial Statements.
	In May 2014, the FASB issued ASU No. 2014-9, Revenue From Contracts With Customers (Topic 606), which amended the existing accounting standards for revenue recognition. The amendments are based on the principle that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company is required to adopt the amendments in the first quarter of 2018. Early adoption is not permitted. The amendments may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of initial application. The Company is currently evaluating the impact of these amendments and the transition alternatives on its Consolidated Financial Statements.

Liquidity

Liquidity	3 Months Ended
	Mar. 31, 2015
Liquidity
Liquidity	Liquidity
	The accompanying consolidated financial statements have been prepared assuming that Wave will continue as a going concern. Wave has incurred substantial operating losses since its inception, and as of March 31, 2015, has an accumulated deficit of approximately $435,025,000. We also expect Wave will incur an operating loss for the fiscal year 2015. As of March 31, 2015, Wave had negative working capital of approximately $4,737,000.
	If Wave is not successful in executing its business plan, Wave will not generate enough revenue to fund its cash flow requirements for the twelve-months ended March 31, 2016. As of March 31, 2015, we had approximately $3,157,000 of cash on hand. Given Wave's forecasted cash requirements for the twelve-months ending March 31, 2016, and our cash balance as of March 31, 2015, Wave will be required to raise additional capital prior to March 31, 2016. Wave's ability to raise additional capital is primarily based on two sources:
	•	Sales of registered Class A Common Stock under a $15,000,000 shelf registration statement filed with the U.S. Securities and Exchange Commission ("SEC") on December 18, 2014 and declared effective by the SEC on January 7, 2015 ("2015 shelf registration statement"); and
	•	Sales of Class A Common Stock through private placements.
	On January 26, 2015, Wave sold 5,513,044 shares of Class A Common Stock at $0.65 per share for gross proceeds of $3,583,479. This financing was completed under the 2015 shelf registration statement. Wave also issued warrants to the subscribers to purchase 2,205,216 shares of Class A Common Stock at an exercise price of $0.70 per share. These warrants expire on July 26, 2020. Security Research Associates, Inc. ("SRA") entered into a placement agency agreement with Wave in which they agreed to act as placement agent in connection with the offering. Wave agreed to pay SRA a fee equal to 6% of the gross proceeds of this offering. Wave realized approximately $3,338,000 in net proceeds after deducting the placement agent fees of approximately $215,000 and additional legal and other fees associated with the issuance of these securities totaling approximately $30,000. In connection with the financing, Wave also issued warrants to SRA to purchase up to 330,783 shares of Wave Class A Common Stock for $0.70 per share. These warrants expire on July 26, 2018.
	For registered offerings, Wave is required to calculate the amount of capital the Company is allowed to raise in accordance with the General Instruction I.B.6. on Form S-3 (“the one-third rule”). The one-third rule restricts the amount of capital that can be raised in a 12-month period provided that the registrant’s aggregate market value of the common equity held by non-affiliates is less than $75 million. As a result of the application of the one-third rule, the funds available on the 2015 shelf registration statement are reduced. Until Wave attains an aggregate market value of $75 million or more for shares held by non-affiliates, its available funds under the 2015 shelf registration statement will remain restricted to the one-third rule computation. To determine the amount available under the one-third rule for future financings, the aggregate market value of the common equity is calculated using the price at which the common equity was last sold, or the average of the bid and asked prices of the common equity as of a date within 60 days prior to the date of filing. As of April 27, 2015, approximately $9,872,000 in gross proceeds remains under the 2015 shelf registration statement. Based on the price of Wave's common equity over the last 60 days and the one-third rule computation, all of the remaining gross proceeds are available for future financings as of April 27, 2015.
	Wave will be required to sell shares of common stock, preferred stock, obtain debt financing or engage in a combination of these financing alternatives, to raise additional capital to continue to fund its operations for the twelve months ending March 31, 2016. If Wave is not successful in executing its business plan, it will be required to sell additional shares of common stock, preferred stock, obtain debt financing or engage in a combination of these financing alternatives or it could be forced to reduce expenses which may significantly impede its ability to meet its sales, marketing and development objectives, cease operations or merge with another company. No assurance can be provided that any of these initiatives will be successful. Due to its current cash position, cash needs over the next year and beyond, and the uncertainty as to whether it will achieve its sales forecast for its products and services, substantial doubt exists with respect to Wave's ability to continue as a going concern.

Goodwill_and_Amortizable_Intan

Goodwill and Amortizable Intangible Assets	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Amortizable Intangible Assets	Goodwill and Amortizable Intangible Assets
	There have been no changes to the carrying amount of goodwill during the three month period ended March 31, 2015.
	Wave tests goodwill for impairment annually on September 30 and during interim periods whenever events or changes in circumstances indicate the carrying value of goodwill may not be recoverable. Wave uses a fair value approach in testing goodwill for impairment in accordance with the provisions of ASC Topic 350, Intangibles—Goodwill and Other. The goodwill impairment test involves a two-step process. In the first step, we compare the fair value of each reporting unit to its carrying value. If the fair value of the reporting unit exceeds its carrying value, goodwill is not impaired and no further testing is required. If the fair value of the reporting unit is less than the carrying value, we must perform the second step of the impairment test to measure the amount of impairment loss. In the second step, the reporting unit's fair value is allocated to all of the assets and liabilities of the reporting unit, including any unrecognized intangible assets, in a hypothetical analysis that calculates the implied fair value of goodwill in the same manner as if the reporting unit was being acquired in a business combination. If the implied fair value of the reporting unit's goodwill is less than the carrying value, the difference is recorded as an impairment loss.
	The Company estimates the fair value of its reporting units using the income approach. Under the income approach, the Company calculates the fair value of a reporting unit based on the present value of estimated future cash flows.  Cash flow projections are based on management’s estimates of revenue growth rates and operating margins, taking into consideration industry and market conditions. The discount rate used is based on the weighted-average cost of capital adjusted for the relevant risk associated with business-specific characteristics and the uncertainty related to the business’ ability to execute on the projected cash flows.  The inputs used for the income approach are significant unobservable inputs, or Level 3 inputs, as described in ASC Topic 820, Fair Value Measurement.
	When indicators of impairment are present, such as those noted above, the Company tests long-lived assets (other than goodwill) for recoverability by comparing the carrying value of an asset group to the estimated undiscounted future cash flows expected to be generated by the asset group, including its ultimate disposition.
	The following schedule presents intangible assets subject to amortization as of March 31, 2015 and December 31, 2014:
	March 31, 2015
	Intangible Asset	Gross		Accumulated			Accumulated			Net		Weighted
		Carrying		Amortization			Impairment					Average Remaining
		Amount					Loss					Useful Life
												(in years)
	Developed Technology	$	6,426,000	$	(1,298,671	)	$	(5,038,100	)	$	89,229	3.5
	Customer Relationships	3,972,000		(937,327		)	(1,786,673		)	1,248,000		6.5
	Internal-use software	726,000		(219,010		)	—			506,990		3.5
	Acquired Patents	1,100,000		(1,081,666		)	—			18,334		0.1
		$	12,224,000	$	(3,536,674	)	$	(6,824,773	)	$	1,862,553
	December 31, 2014
	Intangible Asset	Gross		Accumulated			Accumulated			Net		Weighted
		Carrying		Amortization			Impairment					Average
		Amount					Loss					Remaining
												Useful Life
												(in years)
	Developed Technology	$	6,426,000	$	(1,292,297	)	$	(5,038,100	)	$	95,603	3.8
	Customer Relationships	3,972,000		(889,327		)	(1,786,673		)	1,296,000		6.8
	Internal-use software	726,000		(182,710		)	—			543,290		3.8
	Acquired Patents	1,100,000		(1,026,666		)	—			73,334		0.4
		$	12,224,000	$	(3,391,000	)	$	(6,824,773	)	$	2,008,227
	Amortization expense associated with intangible assets was $145,674 for the three months ended March 31, 2015 and 2014. The estimated amortization expense for intangible assets for the next five years and thereafter is as follows (in thousands):
	Period	Estimated
		Amortization
		Expense
	Remainder of 2015	$	290,354
	2016	362,694
	2017	362,694
	2018	318,811
	2019	192,000
	Thereafter	336,000
	Total	$	1,862,553

Accounts_Payable_and_Accrued_E

Accounts Payable and Accrued Expenses	3 Months Ended
	Mar. 31, 2015
Payables and Accruals [Abstract]
Accounts Payable and Accrued Expenses	Accounts Payable and Accrued Expenses
	The following schedule presents the details of accounts payable and accrued expenses as of March 31, 2015 and December 31, 2014:
		2015		2014
	Accounts payable	$	1,162,925	$	1,080,167
	Accrued payroll and related costs	2,407,900		2,211,565
	Accrued consulting and professional fees	287,229		157,500
	Royalty liability	104,000		175,000
	State & local taxes payable	1,202		8,508
	Other accrued expenses	124,775		285,753
	Total accounts payable and accrued expenses	$	4,088,031	$	3,918,493

Issuance_of_Common_Stock

Issuance of Common Stock	3 Months Ended
	Mar. 31, 2015
Stockholders' Equity Note [Abstract]
Issuance of Common Stock	Issuance of Common Stock
	On January 26, 2015, Wave entered into agreements with certain investors for a private placement of 5,513,044 shares of its Class A Common Stock at a price of $0.65 per share yielding gross proceeds of $3,583,479. This financing was completed under the 2015 shelf registration statement together with the related registration statement on Form S-3 filed pursuant to Rule 462(b). Wave also issued warrants to the subscribers to purchase 2,205,216 shares of Class A Common Stock at an exercise price of $0.70 per share. These warrants expire on July 26, 2020. SRA entered into a placement agency agreement with Wave in which they agreed to act as placement agent in connection with the offering. Wave agreed to pay SRA a fee equal to 6% of the gross proceeds of this offering. Wave realized approximately $3,338,000 in net proceeds after deducting the placement agent fees of approximately $215,000 and additional legal and other fees associated with the issuance of these securities totaling approximately $30,000. In connection with the financing, Wave also issued warrants to SRA to purchase up to 330,783 shares of Wave Class A Common Stock for $0.70 per share. These warrants expire on July 26, 2018. The warrants associated with this financing have been accounted for as equity. A prospectus supplement related to the offering was filed with the SEC on January 27, 2015.
	During the three-month period ended March 31, 2014, Wave received net proceeds of $5,323,717 after deducting offering costs of approximately $169,000, in connection with the issuance of 5,365,784 shares of Class A Common Stock in its At The Market offerings through MLV & Co. LLC ("MLV").  The shares were sold at prices ranging from $0.90 -$1.13 per share.

Sharebased_Compensation

Share-based Compensation	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation	Share-based Compensation
	Wave recognized $109,248 and $414,283 of share-based compensation during the three-months ended March 31, 2015 and 2014, respectively.  During the three-month period ended March 31, 2015, Wave granted 108,000 stock options at a weighted-average estimated fair value ranging from $0.37 and $0.47.  During the three-month period ended March 31, 2014, Wave granted 1,174,400 stock options at a weighted-average estimated fair value ranging from $0.54 to $0.65.
	The following table summarizes the effect of share based compensation in Wave’s statement of operations, for the three-month periods ended March 31, 2015 and 2014:
		Three months ended
		March 31,
		2015		2014
	Cost of Sales	$	3,313	$	3,920
	Selling, General & Administrative	104,450		315,495
	Research & Development	1,485		94,868
	Total	$	109,248	$	414,283

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes
	Wave has federal and state net operating loss carryforwards of approximately $316,802,000, which expire beginning in 2015 through 2035 and include approximately $8,074,000 of net operating loss carryforwards of Safend, Inc., a wholly owned US-based subsidiary of Safend, Ltd.  Pursuant to Section 382 of the Internal Revenue Code, the annual utilization of Wave’s net operating and capital loss carryforwards may be substantially limited if a cumulative change in ownership of more than 50% occurs within any three-year period.  Wave has not determined whether there have been such cumulative changes in ownership or the impact on the utilization of the loss carryforwards if such changes have occurred.  However, in considering Section 382 of the Internal Revenue Code, Wave believes that it is likely that such a change in ownership has occurred thus raising the likelihood that such net operating and capital loss carryforwards are subject to annual limitations.  In addition, the Company maintains approximately $16,000,000 of operating loss carryforwards associated with Safend, Ltd., which may be carried forward indefinitely.

Loss_per_Share

Loss per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Loss per Share	Loss per Share
	Basic net loss per common share has been calculated based upon the weighted average number of shares of common stock outstanding during the period.  Diluted net loss per share is also computed using the weighted average number of common shares and excludes dilutive instruments as their effect would be anti-dilutive.  Dilutive instruments consist primarily of employee stock options and stock warrants.  Diluted net loss per share is equal to basic net loss per share and is therefore not presented separately in the financial statements.  The weighted average number of potential common shares that would have been included in diluted loss per share, had their effect not been anti-dilutive for each of the three-month periods ended March 31, 2015 and 2014 were approximately 76,000 shares and 39,000 shares, respectively.  Employee stock options and other stock warrants to purchase a weighted average of approximately 7,639,000 and 6,299,000 shares were outstanding for the three-month periods ended March 31, 2015 and 2014, respectively, but have not been included in the computation of diluted loss per share because their effect would have been anti-dilutive.

Segment_Reporting

Segment Reporting	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Segment Reporting	Segment Reporting
	Segments are defined by authoritative guidance as components of a company in which separate financial information is available and is evaluated by the chief operating decision maker (CODM), or a decision-making group, in deciding how to allocate resources and in assessing performance. Our CODM is our chief executive officer. The Company presents a single segment for purposes of financial reporting and prepared its consolidated financial statements upon that basis.
	The following table details Wave’s revenue by geographic area for the three-month periods ended March 31, 2015 and 2014.  Geographic area is based on the location of where the products were shipped or services rendered.
		United States			Europe			Asia			Total
		of America
	2015
	Wave products and services	$	1,155,647		$	1,025,944		$	270,944		$	2,452,535
	% of Total	47		%	42		%	11		%	100		%
	2014
	Wave products and services	$	3,564,080		$	1,277,955		$	490,504		$	5,332,539
	% of Total	67		%	24		%	9		%	100		%
	Approximately 90% of all tangible assets of Wave are located within the United States of America and approximately 10% are located in the State of Israel.

Fair_Value_Measurement

Fair Value Measurement	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurement	Fair Value Measurement
	As of March 31, 2015, Wave’s financial assets that are measured at fair value on a recurring basis are comprised of overnight money market fund investments.  Wave invests excess cash from its operating cash accounts in overnight money market funds and reflects these amounts ($2,596,331 at March 31, 2015) within cash and cash equivalents on the consolidated balance sheet using quoted prices in active markets for identical assets (Level 1) at a net value of 1:1 for each dollar invested.
	Financial instruments not measured or recorded at fair value in the accompanying unaudited consolidated financial statements consist of accounts receivable and accounts payable and accrued expenses. The estimated fair value of accounts receivable and accounts payable and accrued expenses approximates their carrying value.
	Fair value estimates are made at a specific point in time, based on relevant market information and information about the financial instrument.  These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore cannot be determined with precision.  Changes in assumptions could significantly affect the estimates.

Critical_Accounting_Policies_P

Critical Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Revenue Recognition	Revenue Recognition — Wave's business model targets revenues from various sources including software products and development contracts. Many of these sales arrangements include multiple-elements and/or require significant modification or customization of Wave's software.
	Wave recognizes revenue when 1) persuasive evidence of an arrangement exists, 2) delivery has occurred or services have been rendered, 3) fees are fixed or determinable and 4) collectability is reasonably assured. If we determine that any one of the four criteria is not met, we will defer recognition of revenue until all of the criteria are met. In addition to the aforementioned general policy, the following are the specific revenue recognition policies for each major category of revenue.
	Licensing and Maintenance
	Wave receives revenue from licensing its software to end users, OEM partners, software development and other services including maintenance. Wave applies software revenue recognition guidance to all transactions except those where no software is involved.  Revenue is recognized when persuasive evidence of an arrangement exists, delivery has occurred, the fee is fixed or determinable and collectability is reasonably assured.  Persuasive evidence is generally a binding purchase order or license agreement.  Delivery occurs when product is shipped for its OEM distribution arrangements, or delivered via a license key for our license agreements.
	Wave enters into perpetual software license agreements through direct sales to customers and indirect sales through its OEM partners, distributors and resellers. Wave has defined its two classes of end user customers: large customers, whose orders are in excess of 5,000 licenses and small customers, whose orders are less than 5,000 licenses. These license upgrade agreements generally include a maintenance component. For arrangements with multiple elements, including software licenses, maintenance and/or services, revenue is allocated and deferred in amounts equivalent to the vendor specific objective evidence ("VSOE") of fair value for the undelivered elements and the difference between the total arrangement fee and the amount deferred for the undelivered elements is recognized as license revenue. VSOE of fair value is based upon the price for which the undelivered element is sold separately.
	Wave has VSOE of fair value of maintenance for its small class of customers based on independent one-year maintenance renewals for its EMBASSY Remote Administration Server (“ERAS”) for Self Encrypting Drives (“SED”) product and its Protector product.  As a result, for the ERAS SED and Protector small customer class licenses with maintenance bundled, Wave allocates the arrangement consideration to the elements in multi-element arrangements using the residual method.  Under the residual method, the VSOE of the undelivered elements is deferred and the remaining portion of the arrangement fee for perpetual licenses is recognized as revenue upon delivery of the software, assuming all other revenue recognition criteria are met.
	When VSOE of fair value for the undelivered elements does not exist, as is the case for Wave’s maintenance for all products other than ERAS SED and Protector, large customer class ERAS SED and Protector orders, and small customer class ERAS SED and Protector orders when maintenance terms are in excess of one year, the entire arrangement fee is recognized ratably over the performance period as licensing and maintenance revenue.
	Wave’s deferred revenue consists of the unamortized maintenance for sales to its small class of customers and bundled license and maintenance arrangements where VSOE does not exist.
	Licensing and maintenance—cost of net revenues includes customer support personnel costs, amortization expense of the developed technology intangible asset, costs associated with providing consulting services and related share-based compensation expense.
	Services
	Revenue from time and material service contracts is recognized as the services are provided. Revenue from fixed price, long-term service or development contracts is recognized using the percentage of completion method or the completed contract method. The determination between use of the completed contract method and the percentage of completion method is based on our ability to reasonably estimate the costs to fulfill the contract. The Company measures the percentage of completion by reference to the proportion of contract hours incurred for work performed to date to the estimated total contract hours expected to be incurred. Losses on fixed price contracts are recognized during the period in which such losses are identified.
	Services—cost of net revenues includes non-recurring time and materials costs incurred in connection with fixed price contracts.
Valuation of Goodwill and Long Lived Assets	Valuation of Goodwill - We review goodwill for impairment annually and whenever events or changes in circumstances indicate the fair value of a reporting unit is more likely than not below its carrying value. If the implied fair value of the reporting unit’s goodwill is less than the carrying value, the difference is recorded as an impairment loss. We perform a quantitative test and determine the fair value of the reporting unit using the income approach. Under the income approach, we calculate the fair value of the reporting unit based on the present value of estimated future cash flows. Cash flow projections are based on management’s estimates of revenue growth rates and operating margins, taking into consideration industry and market conditions. The discount rate used is based on the weighted-average cost of capital adjusted for the relevant risk associated with business-specific characteristics and the uncertainty related to the business’s ability to execute on the projected cash flows. The reporting unit’s fair value is allocated to all of the assets and liabilities of the reporting unit, including any unrecognized intangible assets, in a hypothetical analysis that calculates the implied fair value of goodwill in the same manner as if the reporting unit was being acquired in a business combination. If the implied fair value of the reporting unit’s goodwill is less than the carrying value, the difference is recorded as an impairment loss.
	Determining the fair value of a reporting unit is judgmental in nature and involves the use of significant estimates and assumptions. These estimates and assumptions include revenue growth rates and operating margins used to calculate projected future cash flows, risk-adjusted discount rates and future economic and market conditions. We base our fair value estimates on assumptions we believe to be reasonable but they are unpredictable and inherently uncertain. Actual future results may differ from those estimates.
	We will continue to evaluate goodwill on an annual basis as of September 30 and whenever events or changes in circumstances, such as significant adverse changes in business climate or operating results or changes in management’s business strategy, indicate that there may be a potential indicator of impairment.
	Valuation of Long Lived Assets - We review purchased intangible assets with finite lives for impairment whenever events or changes in circumstances indicate the carrying value of an asset group may not be recoverable. Recoverability of asset groups is assessed based on the estimated undiscounted future cash flows expected to be generated by the asset group, including its ultimate disposition. If the sum of the undiscounted cash flows is less than the carrying value, the impairment to be recognized is measured by the amount by which the carrying amount of the asset group exceeds the fair value of the asset group. Assets to be disposed of are reported at the lower of the carrying amount or fair value, less costs to sell.
Share-based Compensation	Share-based Compensation — We recognize compensation expense for all share-based compensation awards made to employees, directors and consultants, including employee stock options and employee stock purchases related to the Employee Stock Purchase Plan. Share-based compensation expense recognized is based on the fair value of share-based payment awards adjusted for estimated forfeitures.  We estimate the fair value of share-based payment awards at grant date using a Black-Scholes option-pricing model.  Our estimate of the fair value of the share-based payment awards on the date of grant using the Black-Scholes option-pricing model is affected by our stock price as well as assumptions regarding a number of highly complex and subjective variables including, but not limited to, the estimated term of the award and our estimated stock price volatility.
Recently Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements - In August 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") No. 2014-15, Presentation of Financial Statements - Going Concern, which amends the disclosures of uncertainties about an entity's ability to continue as a going concern. The amendments provide guidance in GAAP about management's responsibility to evaluate whether there is substantial doubt about an entity's ability to continue as a going concern and to provide related footnote disclosures. In doing so, the amendments should reduce the diversity in the timing and content of footnote disclosures. The Company is required to adopt the amendments in the first quarter of 2017. Early adoption is permitted. The Company is currently evaluating the impact of these amendments on its Consolidated Financial Statements.
	In May 2014, the FASB issued ASU No. 2014-9, Revenue From Contracts With Customers (Topic 606), which amended the existing accounting standards for revenue recognition. The amendments are based on the principle that revenue should be recognized to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The Company is required to adopt the amendments in the first quarter of 2018. Early adoption is not permitted. The amendments may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of initial application. The Company is currently evaluating the impact of these amendments and the transition alternatives on its Consolidated Financial Statements.

Goodwill_and_Amortizable_Intan1

Goodwill and Amortizable Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of the details of intangible assets	The following schedule presents intangible assets subject to amortization as of March 31, 2015 and December 31, 2014:
	March 31, 2015
	Intangible Asset	Gross		Accumulated			Accumulated			Net		Weighted
		Carrying		Amortization			Impairment					Average Remaining
		Amount					Loss					Useful Life
												(in years)
	Developed Technology	$	6,426,000	$	(1,298,671	)	$	(5,038,100	)	$	89,229	3.5
	Customer Relationships	3,972,000		(937,327		)	(1,786,673		)	1,248,000		6.5
	Internal-use software	726,000		(219,010		)	—			506,990		3.5
	Acquired Patents	1,100,000		(1,081,666		)	—			18,334		0.1
		$	12,224,000	$	(3,536,674	)	$	(6,824,773	)	$	1,862,553
	December 31, 2014
	Intangible Asset	Gross		Accumulated			Accumulated			Net		Weighted
		Carrying		Amortization			Impairment					Average
		Amount					Loss					Remaining
												Useful Life
												(in years)
	Developed Technology	$	6,426,000	$	(1,292,297	)	$	(5,038,100	)	$	95,603	3.8
	Customer Relationships	3,972,000		(889,327		)	(1,786,673		)	1,296,000		6.8
	Internal-use software	726,000		(182,710		)	—			543,290		3.8
	Acquired Patents	1,100,000		(1,026,666		)	—			73,334		0.4
		$	12,224,000	$	(3,391,000	)	$	(6,824,773	)	$	2,008,227
Summary of estimated amortization expense for intangible assets	The estimated amortization expense for intangible assets for the next five years and thereafter is as follows (in thousands):
	Period	Estimated
		Amortization
		Expense
	Remainder of 2015	$	290,354
	2016	362,694
	2017	362,694
	2018	318,811
	2019	192,000
	Thereafter	336,000
	Total	$	1,862,553

Accounts_Payable_and_Accrued_E1

Accounts Payable and Accrued Expenses (Tables)	3 Months Ended
	Mar. 31, 2015
Payables and Accruals [Abstract]
Schedule of Accounts Payable and Accrued Liabilities	The following schedule presents the details of accounts payable and accrued expenses as of March 31, 2015 and December 31, 2014:
		2015		2014
	Accounts payable	$	1,162,925	$	1,080,167
	Accrued payroll and related costs	2,407,900		2,211,565
	Accrued consulting and professional fees	287,229		157,500
	Royalty liability	104,000		175,000
	State & local taxes payable	1,202		8,508
	Other accrued expenses	124,775		285,753
	Total accounts payable and accrued expenses	$	4,088,031	$	3,918,493

Sharebased_Compensation_Tables

Share-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of effect of share based compensation in the entity's statement of operations	The following table summarizes the effect of share based compensation in Wave’s statement of operations, for the three-month periods ended March 31, 2015 and 2014:
		Three months ended
		March 31,
		2015		2014
	Cost of Sales	$	3,313	$	3,920
	Selling, General & Administrative	104,450		315,495
	Research & Development	1,485		94,868
	Total	$	109,248	$	414,283

Segment_Reporting_Tables

Segment Reporting (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Schedule of sales by geographic area	The following table details Wave’s revenue by geographic area for the three-month periods ended March 31, 2015 and 2014.  Geographic area is based on the location of where the products were shipped or services rendered.
		United States			Europe			Asia			Total
		of America
	2015
	Wave products and services	$	1,155,647		$	1,025,944		$	270,944		$	2,452,535
	% of Total	47		%	42		%	11		%	100		%
	2014
	Wave products and services	$	3,564,080		$	1,277,955		$	490,504		$	5,332,539
	% of Total	67		%	24		%	9		%	100		%

Critical_Accounting_Policies_D

Critical Accounting Policies (Details)	3 Months Ended
	Mar. 31, 2015
	Class
	license
Revenue Recognition
Number of classes of end user customers	2
Order of licenses of end user customers defined as large (in excess of)	5,000
Order of licenses of end user customers defined as small (less than)	5,000
Term of Maintenance (in excess of)	1 year

Liquidity_Details

Liquidity (Details) (USD $)	3 Months Ended		0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Jan. 26, 2015	Apr. 27, 2015	Dec. 31, 2014	Dec. 31, 2013
Liquidity
Accumulated deficit	$435,025,090				$430,121,078
Working Capital	4,737,000
Cash and cash equivalents	3,156,809	4,343,604			1,777,414	2,120,102
Liquidity
Net proceeds from issuance of common stock	3,338,470	5,323,717
Common Class A | Warrants January 2015 Subscribers
Liquidity
Common stock agreed to be issued against warrants (in shares)			2,205,216
Warrants exercised (in dollars per share)			$0.70
Placement agent fees equal to gross proceeds from offering (as a percent)			6.00%
Net proceeds from issuance of common stock			3,338,000
Placement agent fees			215,000
Legal and other fees			30,000
Common Class A | SRA Warrants January 2015 Financing
Liquidity
Common stock agreed to be issued against warrants (in shares)			330,783
Warrants exercised (in dollars per share)			$0.70
2015 Shelf Registration Statement | Common Stock | Subsequent event
Liquidity
Proceeds from issuances of common stock, gross amount remaining				9,872,000
2015 Shelf Registration Statement | Common Stock | Funding plan
Liquidity
Shelf registration statement, amount	15,000,000
2015 Shelf Registration Statement | Common Class A
Liquidity
Number of shares sold			5,513,044
Share price (in dollars per share)			$0.65
Gross proceeds from issuance of common stock			$3,583,479

Goodwill_and_Amortizable_Intan2

Goodwill and Amortizable Intangible Assets (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Intangible Asset
Gross Carrying Amount	$12,224,000		$12,224,000
Accumulated Amortization	-3,536,674		-3,391,000
Accumulated Impairment Loss	-6,824,773		-6,824,773
Net	1,862,553		2,008,227
Intangible assets amortization expense	145,674	145,674
Developed Technology
Intangible Asset
Gross Carrying Amount	6,426,000		6,426,000
Accumulated Amortization	-1,298,671		-1,292,297
Accumulated Impairment Loss	-5,038,100		-5,038,100
Net	89,229		95,603
Weighted Average Remaining Useful Life (in years)	3 years 6 months		3 years 9 months 18 days
Customer Relationships
Intangible Asset
Gross Carrying Amount	3,972,000		3,972,000
Accumulated Amortization	-937,327		-889,327
Accumulated Impairment Loss	-1,786,673		-1,786,673
Net	1,248,000		1,296,000
Weighted Average Remaining Useful Life (in years)	6 years 6 months		6 years 9 months 18 days
Internal-use software
Intangible Asset
Gross Carrying Amount	726,000		726,000
Accumulated Amortization	-219,010		-182,710
Net	506,990		543,290
Weighted Average Remaining Useful Life (in years)	3 years 6 months		3 years 9 months 18 days
Estimated useful life	5 years
Acquired Patents
Intangible Asset
Gross Carrying Amount	1,100,000		1,100,000
Accumulated Amortization	-1,081,666		-1,026,666
Net	$18,334		$73,334
Weighted Average Remaining Useful Life (in years)	1 month 6 days		4 months 24 days

Goodwill_and_Amortizable_Intan3

Goodwill and Amortizable Intangible Assets (Details 2) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Estimated Amortization Expense
Remainder of 2015	$290,354
2016	362,694
2017	362,694
2018	318,811
2019	192,000
Thereafter	336,000
Net	$1,862,553	$2,008,227

Accounts_Payable_and_Accrued_E2

Accounts Payable and Accrued Expenses (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Payables and Accruals [Abstract]
Accounts payable	$1,162,925	$1,080,167
Accrued payroll and related costs	2,407,900	2,211,565
Accrued consulting and professional fees	287,229	157,500
Royalty liability	104,000	175,000
State & local taxes payable	1,202	8,508
Other accrued expenses	124,775	285,753
Total accounts payable and accrued expenses	$4,088,031	$3,918,493

Issuance_of_Common_Stock_Detai

Issuance of Common Stock (Details) (USD $)	3 Months Ended		0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Jan. 26, 2015
Common Stock
Net proceeds from issuance of common stock	$3,338,470	$5,323,717
Common Class A | Warrants January 2015 Subscribers
Common Stock
Number of shares under warrants			2,205,216
Exercise price of warrants (in dollars per share)			$0.70
Placement agent fees equal to gross proceeds from offering (as a percent)			6.00%
Net proceeds from issuance of common stock			3,338,000
Placement agent fees			215,000
Legal and other fees			30,000
Common Class A | SRA Warrants January 2015 Financing
Common Stock
Number of shares under warrants			330,783
Exercise price of warrants (in dollars per share)			$0.70
Common Class A | 2015 Shelf Registration Statement
Common Stock
Number of shares sold			5,513,044
Share price (in dollars per share)			$0.65
Gross proceeds from issuance of common stock			3,583,479
Common Class A | At the Market Sales Agreement
Common Stock
Number of shares sold		5,365,784
Net proceeds from issuance of common stock		5,323,717
Offering costs		$169,000
Common Class A | At the Market Sales Agreement | Minimum
Common Stock
Share price (in dollars per share)		$0.90
Common Class A | At the Market Sales Agreement | Maximum
Common Stock
Share price (in dollars per share)		$1.13

Sharebased_Compensation_Detail

Share-based Compensation (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Share-based Compensation
Share-based Compensation expense	$109,248	$414,283
Stock options granted (in shares)	108,000	1,174,400
Minimum
Share-based Compensation
Weighted-average estimated fair value (in dollars per share)	$0.37	$0.54
Maximum
Share-based Compensation
Weighted-average estimated fair value (in dollars per share)	$0.47	$0.65
Cost of net revenues
Share-based Compensation
Share-based Compensation expense	3,313	3,920
Selling, general & administrative
Share-based Compensation
Share-based Compensation expense	104,450	315,495
Research & development
Share-based Compensation
Share-based Compensation expense	$1,485	$94,868

Income_Taxes_Details

Income Taxes (Details) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Income Taxes
Net operating loss	$316,802
Safend, Inc.
Income Taxes
Net operating loss	8,074
Safend
Income Taxes
Net operating loss	$16,000

Loss_per_Share_Details

Loss per Share (Details)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Weighted average potential common shares
Loss per share
Antidilutive securities excluded from earnings per share (in shares)	76	39
Weighted average employee stock options and other stock warrants
Loss per share
Antidilutive securities excluded from earnings per share (in shares)	7,639	6,299

Segment_Reporting_Details

Segment Reporting (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Segment Reporting
Total net revenues	$2,452,535	$5,332,539
United States of America
Segment Reporting
Total net revenues	1,155,647	3,564,080
Europe
Segment Reporting
Total net revenues	1,025,944	1,277,955
Asia
Segment Reporting
Total net revenues	$270,944	$490,504
Revenue | Geographic area
Segment Reporting
% of total revenue	100.00%	100.00%
Revenue | Geographic area | United States of America
Segment Reporting
% of total revenue	47.00%	67.00%
Revenue | Geographic area | Europe
Segment Reporting
% of total revenue	42.00%	24.00%
Revenue | Geographic area | Asia
Segment Reporting
% of total revenue	11.00%	9.00%
Long-lived assets | Geographic area | United States of America
Segment Reporting
% of total revenue	90.00%
Long-lived assets | Geographic area | Israel
Segment Reporting
% of total revenue	10.00%

Fair_Value_Measurement_Details

Fair Value Measurement (Details) (Recurring basis, Level 1, USD $)	Mar. 31, 2015
Recurring basis | Level 1
Disclosures about the Fair Value of Financial Instruments
Overnight money market funds	$2,596,331
Ratio for the net value of money market funds for each dollar invested based on quoted prices in active markets for identical assets (level 1)	1