we act principally as the service provider to add value in the execution and procurement of these services to our customers . our net transportation revenue ( gross transportation revenue less the direct cost of transportation ) is the primary indicator of our ability to source , add value and resell services provided by third parties , and is considered by management to be a key performance measure . in addition , management believes measuring its operating costs as a function of net transportation revenue provides a useful metric , as our ability to control costs as a function of net transportation revenue directly impacts operating earnings . our operating results will be affected as acquisitions occur . since all acquisitions are made using the purchase method of accounting for business combinations , our financial statements will only include the results of operations and cash flows of acquired companies for periods subsequent to the date of acquisition . our gaap-based net income will be affected by non-cash charges relating to the amortization of customer related intangible assets and other intangible assets attributable to completed acquisitions . under applicable accounting standards , purchasers are required to allocate the total consideration in a business combination to the identified assets acquired and liabilities assumed based on their fair values at the time of acquisition . the excess of the consideration paid over the fair value of the identifiable net assets acquired is to be allocated to goodwill , which is tested at least annually for impairment . applicable accounting standards require that we separately 24 account for and value certain identifiable intangible assets based on the unique facts and circumstances of each acquisition . as a result of our acquisition strategy , our net income will include material non-cash charges relating to the amortization of customer related intangible assets and other intangible assets acquired in our acquisitions . although these charges may increase as we complete more acquisitions , we believe we will be growing the value of our intangible assets ( e.g . , customer relationships ) . thus , we believe that earnings before interest , taxes , depreciation and amortization , or ebitda , is a useful financial measure for investors because it eliminates the effect of these non-cash costs and provides an important metric for our business . further , the financial covenants of our caltius financing are measured against adjusted ebitda which excludes costs related to share-based compensation expense , change in contingent consideration , extraordinary items and other non-cash charges . our compliance with the financial covenants of our borrowing arrangements is particularly important given the materiality of these facilities to our day-to-day operations and overall acquisition strategy . our debt capacity , subject to the requisite collateral at an advance rate of up to 85 % of eligible domestic accounts receivable and , subject to certain sub-limits , 75 % of eligible accrued but unbilled receivables and eligible foreign accounts receivables , is limited to a multiple of our consolidated ebitda ( as adjusted ) as measured on a rolling four quarter basis . if we fail to comply with these covenants and are unable to secure a waiver or other relief , our financial condition would be materiality weakened and our ability to fund day-to-day operations would be materially and adversely affected . accordingly , we intend to employ ebitda and adjusted ebitda as management tools to measure our historical financial performance and as a benchmark for future financial flexibility . our operating results are also subject to seasonal trends when measured on a quarterly basis . the impact of seasonality on our business will depend on numerous factors , including the markets in which we operate , holiday seasons , consumer demand and economic conditions . since our revenue is largely derived from customers whose shipments are dependent upon consumer demand and just-in-time production schedules , the timing of our revenue is often beyond our control . factors such as shifting demand for retail goods and or manufacturing production delays could unexpectedly affect the timing of our revenue . as we increase the scale of our operations , seasonal trends in one area of our business may be offset to an extent by opposite trends in another area . we can not accurately predict the timing of these factors , nor can we accurately estimate the impact of any particular factor , and thus we can give no assurance any historical seasonal patterns will continue in future periods . critical accounting policies accounting policies , methods and estimates are an integral part of the consolidated financial statements prepared by management and are based upon management 's current judgments . these judgments are normally based on knowledge and experience regarding to past and current events and assumptions about future events . certain accounting policies , methods and estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ from management 's current judgments . while there are a number of accounting policies , methods and estimates that affect our financial statements , the areas that are particularly significant include revenue recognition , accruals for the cost of purchased transportation , the fair value of acquired assets and liabilities , changes in contingent consideration , accounting for the issuance of shares and share-based compensation , the assessment of the recoverability of long-lived assets and goodwill , and the establishment of an allowance for doubtful accounts . we perform an annual impairment test for goodwill . we assess qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than the carrying amount . after assessing qualitative factors , if further testing is necessary we would go into a 2-step impairment test . story_separator_special_tag 30 the following table compares certain condensed consolidated statements of income data as a percentage of our net transportation revenue ( in thousands ) for the fiscal years ended june 30 , 2013 and 2012 ( pro forma and unaudited ) : replace_table_token_6_th agent commissions were $ 51.9 million for the year ended june 30 , 2013 , an increase of 4.3 % from $ 49.7 million for the year ended june 30 , 2012. agent commissions as a percentage of net transportation revenue increased to 58.4 % of net transportation revenue the year ended june 30 , 2013 , compared to 53.8 % for the comparable prior year period . personnel costs were $ 16.9 million for the year ended june 30 , 2013 , a decrease of 3.9 % from $ 17.6 million for the year ended june 30 , 2012. personnel costs as a percentage of net transportation revenue remained consistent at 19.0 % for the years ended june 30 , 2013 and 2012. sg & a costs were $ 10.1 million for the year ended june 30 , 2013 , a decrease of 28.5 % from $ 14.1 million for the year ended june 30 , 2012. as a percentage of net transportation revenue , sg & a costs decreased to 11.4 % for the year ended june 30 , 2013 , from 15.3 % for the comparable prior year period . depreciation and amortization costs were $ 4.0 million for the year ended june 30 , 2013 , a decrease of 15.3 % from $ 4.7 million for the year ended june 30 , 2012. depreciation and amortization as a percentage of net transportation revenue decreased to 4.5 % for the year ended june 30 , 2013 , from 5.1 % for the comparable prior year period . transition and lease termination costs were $ 1.5 million for the year ended june 30 , 2013 , an increase of 51.7 % from $ 1.0 million for the year ended june 30 , 2012. as a percentage of net transportation revenue , non-recurring transition costs increased to 1.7 % for the year ended june 30 , 2013 , from 1.1 % for the year ended june 30 , 2013. change in contingent consideration was income of $ 2.8 million for the year ended june 30 , 2013 , an increase of 213.9 % from $ 0.9 million for the year ended june 30 , 2013. as a percentage of net transportation revenue , change in contingent consideration increased to 3.2 % for the year ended june 30 , 2013 , from 1.0 % for the year ended june 30 , 2013 . 31 income from operations was $ 7.3 million for the year ended june 30 , 2013 , compared to income from operations of $ 6.2 million for the year ended june 30 , 2012. other expense was $ 1.3 million for the year ended june 30 , 2013 , compared to other income of $ 1.5 million for the year ended june 30 , 2012. net income was $ 3.6 million for the year ended june 30 , 2013 , compared to net income of $ 2.5 million for the year ended june 30 , 2012. the following table provides a reconciliation for the fiscal years ended june 30 , 2013 and 2012 ( pro forma and unaudited ) of adjusted ebitda to net income , the most directly comparable gaap measure in accordance with sec regulation g ( in thousands ) : replace_table_token_7_th story_separator_special_tag international gateway location at new york-jfk airport . the transaction was structured as an asset purchase and valued at up to approximately $ 7.275 million , consisting of : ( i ) cash of $ 2.655 million paid at closing ; ( ii ) $ 295,000 paid through the issuance of 142,489 shares of our restricted stock on the three-month anniversary of the closing ( valued based upon a 30-day volume weighted average price calculated preceding the delivery of the shares ) ; ( iii ) up to $ 3.325 million in aggregate tier-1 earn-out payments covering the four-year earn-out period immediately following closing ; and ( iv ) a tier-2 earn-out payment after the fourth anniversary of the closing , with such payment not to exceed $ 1.0 million . credit facility in august 2013 , we obtained a new credit facility , consisting of a $ 30.0 million revolving credit facility , including a $ 2.0 million sublimit to support letters of credit and matures on the earlier of 1 ) six months prior to the december 1 , 2016 maturity of the senior subordinated notes , or 2 ) august 1 , 2018. the credit facility is collateralized by accounts receivable and other assets of the company and its subsidiaries . advances under the facility are available to fund future acquisitions , capital expenditures , repurchase of company stock or for other corporate purposes . borrowings under the credit facility accrue interest , at the company 's option , at the bank 's base prime rate minus 0.50 % or libor plus 2.25 % . the rates can be subsequently adjusted based on the company 's fixed charge coverage ratio at the lender 's base rate plus 0.0 % to 0.50 % or libor plus 1.50 % to 2.25 % . the credit facility is collateralized by accounts receivable and other assets of the company and its subsidiaries and provides for advances of up to 85 % of eligible domestic accounts receivable and , subject to certain sub-limits , 75 % of eligible accrued but unbilled receivables and eligible foreign accounts receivable . under the terms of the credit facility , we are required to maintain a fixed charge coverage ratio of at least 1.1 to 1.0 in the event that availability is less than $ 5.0 million or an event of default was to occur . the co-borrowers of the credit facility include radiant logistics

liquidity and capital resources net cash provided by operating activities for the year ended june 30 , 2013 was $ 2.9 million , compared to net cash provided by operating activities for the year ended june 30 , 2012 of $ 3.6 million . the change was principally driven by an increase in our net income adjusted for amortization , contingent consideration , lease termination costs , and changes in operating assets and liabilities . net cash used for investing activities was $ 2.5 million for the year ended june 30 , 2013 , compared to $ 11.5 million for the year ended june 30 , 2012. use of cash in 2013 consisted of $ 0.7 million related to the acquisitions of marvir and ifs , the purchase of $ 0.3 million of fixed assets , and $ 0.4 million paid in earn-outs to the former shareholders of acquired operations , and the $ 1.1 million integration payment to the former shareholders of dba . use of cash in 2012 consisted of $ 7.7 million related to the acquisition of isla , $ 2.6 million related to the purchase of albs , the purchase of $ 0.7 million of fixed assets , and $ 0.5 million paid in earn-outs to the former shareholders of acquired operations . net cash provided by financing activities for the year ended june 30 , 2013 was $ 0.6 million compared to $ 7.6 million for the year ended june 30 , 2012. cash from financing activities in 2013 consisted of proceeds from our credit facility of $ 1.4 million , repayments of notes payable to former shareholders of $ 0.8 million , $ 0.1 million in non-controlling interest distributions , and proceeds of $ 0.1 million related to the exercise of stock options . cash from financing activities in 2012 consisted of repayments to our credit facility of $ 0.6 million and proceeds from the issuance of debt to caltius of $ 9.4 million , repayments of notes payable to former shareholders 32 of $ 0.9 million , $ 0.2 million in non-controlling interest distributions , and $ 0.1 million of costs of the shelf registration .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources net cash provided by operating activities for the year ended june 30 , 2013 was $ 2.9 million , compared to net cash provided by operating activities for the year ended june 30 , 2012 of $ 3.6 million . the change was principally driven by an increase in our net income adjusted for amortization , contingent consideration , lease termination costs , and changes in operating assets and liabilities . net cash used for investing activities was $ 2.5 million for the year ended june 30 , 2013 , compared to $ 11.5 million for the year ended june 30 , 2012. use of cash in 2013 consisted of $ 0.7 million related to the acquisitions of marvir and ifs , the purchase of $ 0.3 million of fixed assets , and $ 0.4 million paid in earn-outs to the former shareholders of acquired operations , and the $ 1.1 million integration payment to the former shareholders of dba . use of cash in 2012 consisted of $ 7.7 million related to the acquisition of isla , $ 2.6 million related to the purchase of albs , the purchase of $ 0.7 million of fixed assets , and $ 0.5 million paid in earn-outs to the former shareholders of acquired operations . net cash provided by financing activities for the year ended june 30 , 2013 was $ 0.6 million compared to $ 7.6 million for the year ended june 30 , 2012. cash from financing activities in 2013 consisted of proceeds from our credit facility of $ 1.4 million , repayments of notes payable to former shareholders of $ 0.8 million , $ 0.1 million in non-controlling interest distributions , and proceeds of $ 0.1 million related to the exercise of stock options . cash from financing activities in 2012 consisted of repayments to our credit facility of $ 0.6 million and proceeds from the issuance of debt to caltius of $ 9.4 million , repayments of notes payable to former shareholders 32 of $ 0.9 million , $ 0.2 million in non-controlling interest distributions , and $ 0.1 million of costs of the shelf registration .
```    
 Suspicious Activity Report : we act principally as the service provider to add value in the execution and procurement of these services to our customers . our net transportation revenue ( gross transportation revenue less the direct cost of transportation ) is the primary indicator of our ability to source , add value and resell services provided by third parties , and is considered by management to be a key performance measure . in addition , management believes measuring its operating costs as a function of net transportation revenue provides a useful metric , as our ability to control costs as a function of net transportation revenue directly impacts operating earnings . our operating results will be affected as acquisitions occur . since all acquisitions are made using the purchase method of accounting for business combinations , our financial statements will only include the results of operations and cash flows of acquired companies for periods subsequent to the date of acquisition . our gaap-based net income will be affected by non-cash charges relating to the amortization of customer related intangible assets and other intangible assets attributable to completed acquisitions . under applicable accounting standards , purchasers are required to allocate the total consideration in a business combination to the identified assets acquired and liabilities assumed based on their fair values at the time of acquisition . the excess of the consideration paid over the fair value of the identifiable net assets acquired is to be allocated to goodwill , which is tested at least annually for impairment . applicable accounting standards require that we separately 24 account for and value certain identifiable intangible assets based on the unique facts and circumstances of each acquisition . as a result of our acquisition strategy , our net income will include material non-cash charges relating to the amortization of customer related intangible assets and other intangible assets acquired in our acquisitions . although these charges may increase as we complete more acquisitions , we believe we will be growing the value of our intangible assets ( e.g . , customer relationships ) . thus , we believe that earnings before interest , taxes , depreciation and amortization , or ebitda , is a useful financial measure for investors because it eliminates the effect of these non-cash costs and provides an important metric for our business . further , the financial covenants of our caltius financing are measured against adjusted ebitda which excludes costs related to share-based compensation expense , change in contingent consideration , extraordinary items and other non-cash charges . our compliance with the financial covenants of our borrowing arrangements is particularly important given the materiality of these facilities to our day-to-day operations and overall acquisition strategy . our debt capacity , subject to the requisite collateral at an advance rate of up to 85 % of eligible domestic accounts receivable and , subject to certain sub-limits , 75 % of eligible accrued but unbilled receivables and eligible foreign accounts receivables , is limited to a multiple of our consolidated ebitda ( as adjusted ) as measured on a rolling four quarter basis . if we fail to comply with these covenants and are unable to secure a waiver or other relief , our financial condition would be materiality weakened and our ability to fund day-to-day operations would be materially and adversely affected . accordingly , we intend to employ ebitda and adjusted ebitda as management tools to measure our historical financial performance and as a benchmark for future financial flexibility . our operating results are also subject to seasonal trends when measured on a quarterly basis . the impact of seasonality on our business will depend on numerous factors , including the markets in which we operate , holiday seasons , consumer demand and economic conditions . since our revenue is largely derived from customers whose shipments are dependent upon consumer demand and just-in-time production schedules , the timing of our revenue is often beyond our control . factors such as shifting demand for retail goods and or manufacturing production delays could unexpectedly affect the timing of our revenue . as we increase the scale of our operations , seasonal trends in one area of our business may be offset to an extent by opposite trends in another area . we can not accurately predict the timing of these factors , nor can we accurately estimate the impact of any particular factor , and thus we can give no assurance any historical seasonal patterns will continue in future periods . critical accounting policies accounting policies , methods and estimates are an integral part of the consolidated financial statements prepared by management and are based upon management 's current judgments . these judgments are normally based on knowledge and experience regarding to past and current events and assumptions about future events . certain accounting policies , methods and estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ from management 's current judgments . while there are a number of accounting policies , methods and estimates that affect our financial statements , the areas that are particularly significant include revenue recognition , accruals for the cost of purchased transportation , the fair value of acquired assets and liabilities , changes in contingent consideration , accounting for the issuance of shares and share-based compensation , the assessment of the recoverability of long-lived assets and goodwill , and the establishment of an allowance for doubtful accounts . we perform an annual impairment test for goodwill . we assess qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than the carrying amount . after assessing qualitative factors , if further testing is necessary we would go into a 2-step impairment test . story_separator_special_tag 30 the following table compares certain condensed consolidated statements of income data as a percentage of our net transportation revenue ( in thousands ) for the fiscal years ended june 30 , 2013 and 2012 ( pro forma and unaudited ) : replace_table_token_6_th agent commissions were $ 51.9 million for the year ended june 30 , 2013 , an increase of 4.3 % from $ 49.7 million for the year ended june 30 , 2012. agent commissions as a percentage of net transportation revenue increased to 58.4 % of net transportation revenue the year ended june 30 , 2013 , compared to 53.8 % for the comparable prior year period . personnel costs were $ 16.9 million for the year ended june 30 , 2013 , a decrease of 3.9 % from $ 17.6 million for the year ended june 30 , 2012. personnel costs as a percentage of net transportation revenue remained consistent at 19.0 % for the years ended june 30 , 2013 and 2012. sg & a costs were $ 10.1 million for the year ended june 30 , 2013 , a decrease of 28.5 % from $ 14.1 million for the year ended june 30 , 2012. as a percentage of net transportation revenue , sg & a costs decreased to 11.4 % for the year ended june 30 , 2013 , from 15.3 % for the comparable prior year period . depreciation and amortization costs were $ 4.0 million for the year ended june 30 , 2013 , a decrease of 15.3 % from $ 4.7 million for the year ended june 30 , 2012. depreciation and amortization as a percentage of net transportation revenue decreased to 4.5 % for the year ended june 30 , 2013 , from 5.1 % for the comparable prior year period . transition and lease termination costs were $ 1.5 million for the year ended june 30 , 2013 , an increase of 51.7 % from $ 1.0 million for the year ended june 30 , 2012. as a percentage of net transportation revenue , non-recurring transition costs increased to 1.7 % for the year ended june 30 , 2013 , from 1.1 % for the year ended june 30 , 2013. change in contingent consideration was income of $ 2.8 million for the year ended june 30 , 2013 , an increase of 213.9 % from $ 0.9 million for the year ended june 30 , 2013. as a percentage of net transportation revenue , change in contingent consideration increased to 3.2 % for the year ended june 30 , 2013 , from 1.0 % for the year ended june 30 , 2013 . 31 income from operations was $ 7.3 million for the year ended june 30 , 2013 , compared to income from operations of $ 6.2 million for the year ended june 30 , 2012. other expense was $ 1.3 million for the year ended june 30 , 2013 , compared to other income of $ 1.5 million for the year ended june 30 , 2012. net income was $ 3.6 million for the year ended june 30 , 2013 , compared to net income of $ 2.5 million for the year ended june 30 , 2012. the following table provides a reconciliation for the fiscal years ended june 30 , 2013 and 2012 ( pro forma and unaudited ) of adjusted ebitda to net income , the most directly comparable gaap measure in accordance with sec regulation g ( in thousands ) : replace_table_token_7_th story_separator_special_tag international gateway location at new york-jfk airport . the transaction was structured as an asset purchase and valued at up to approximately $ 7.275 million , consisting of : ( i ) cash of $ 2.655 million paid at closing ; ( ii ) $ 295,000 paid through the issuance of 142,489 shares of our restricted stock on the three-month anniversary of the closing ( valued based upon a 30-day volume weighted average price calculated preceding the delivery of the shares ) ; ( iii ) up to $ 3.325 million in aggregate tier-1 earn-out payments covering the four-year earn-out period immediately following closing ; and ( iv ) a tier-2 earn-out payment after the fourth anniversary of the closing , with such payment not to exceed $ 1.0 million . credit facility in august 2013 , we obtained a new credit facility , consisting of a $ 30.0 million revolving credit facility , including a $ 2.0 million sublimit to support letters of credit and matures on the earlier of 1 ) six months prior to the december 1 , 2016 maturity of the senior subordinated notes , or 2 ) august 1 , 2018. the credit facility is collateralized by accounts receivable and other assets of the company and its subsidiaries . advances under the facility are available to fund future acquisitions , capital expenditures , repurchase of company stock or for other corporate purposes . borrowings under the credit facility accrue interest , at the company 's option , at the bank 's base prime rate minus 0.50 % or libor plus 2.25 % . the rates can be subsequently adjusted based on the company 's fixed charge coverage ratio at the lender 's base rate plus 0.0 % to 0.50 % or libor plus 1.50 % to 2.25 % . the credit facility is collateralized by accounts receivable and other assets of the company and its subsidiaries and provides for advances of up to 85 % of eligible domestic accounts receivable and , subject to certain sub-limits , 75 % of eligible accrued but unbilled receivables and eligible foreign accounts receivable . under the terms of the credit facility , we are required to maintain a fixed charge coverage ratio of at least 1.1 to 1.0 in the event that availability is less than $ 5.0 million or an event of default was to occur . the co-borrowers of the credit facility include radiant logistics

