on october 5 , 2017 , in connection with the entry into the october 2017 purchase agreement , the investor purchased 212 shares of series c preferred stock for $ 2 million ( the “ initial closing ” ) ; on november 21 , 2017 , pursuant to the terms of the october 2017 purchase agreement , we sold the investor an additional 106 shares of series c preferred stock for $ 1 million ( the “ second closing ” ) ; on december 27 , 2017 , pursuant to the terms of the october 2017 purchase agreement , we sold the investor an additional 105 shares of series c preferred stock for $ 1 million ( the “ third closing ” ) ; on january 31 , 2018 , pursuant to the terms of the october 2017 purchase agreement , we sold the investor an additional 105 shares of series c preferred stock for $ 1 million ( the “ fourth closing ” ) ; on february 22 , 2018 , pursuant to the terms of the october 2017 purchase agreement , we sold the investor an additional 105 shares of series c preferred stock for $ 1 million ( the “ fifth closing ” ) ; on march 9 , 2018 , the company sold the investor an additional 105 shares of series c preferred stock for $ 1 million ( the “ sixth closing ” ) ; on april 10 , 2018 , the company sold the investor an additional 105 shares of series c preferred stock for $ 1 million ( the “ seventh closing ” ) ; and on may 22 , 2018 , the company sold the investor an additional 105 shares of series c preferred stock for $ 1 million ( the “ eighth closing ” ) . 56 the sixth closing , seventh closing and eighth closing occurred notwithstanding the terms of the october 2017 purchase agreement which required the sixth closing to be for a total of $ 5 million ( the “ $ 5 million closing ” ) , as the parties mutually agreed to the sales of only $ 1 million of series c preferred stock to be sold pursuant to the $ 5 million closing , at the sixth closing , seventh closing and eighth closing . on march 2 , 2018 , the company and the investor entered into an amendment to the october 2017 purchase agreement ( the “ amendment ” ) , pursuant to which the investor ( a ) waived any and all trigger events ( as defined in the certificate of designation of the series c preferred stock ( the “ designation ” ) ) that had occurred prior to march 2 , 2018 , ( b ) agreed that all calculations provided for in the designation would be made as if no such trigger event had occurred , and ( c ) waived any right to receive any additional shares of common stock based upon any such trigger event , with respect to all shares of series c preferred stock , other than any which have already been converted . the investor also agreed , pursuant to the amendment , that the conversion rate of conversion premiums pursuant to the designation would remain 95 % of the average of the lowest 5 individual daily volume weighted average prices during the applicable measuring period ( as defined in the designation ) , not to exceed 100 % of the lowest sales prices on the last day of the measuring period , less $ 0.05 per share of common stock , unless a triggering event has occurred , and that such $ 0.05 per share discount would not be adjusted in connection with the company 's previously reported 1-for-25 reverse stock split affected on march 5 , 2018. the company plans to use the proceeds from the sale of the series c preferred stock for working capital , workovers on existing wells , drilling and completion of additional wells , acquisitions , repayment of vendor balances and payments to ibc , in anticipation of regaining compliance . on august 2 , 2017 , and effective june 13 , 2017 , the company entered into an agreement with vantage fund , llc ( “ vantage ” and the “ vantage agreement ” ) , pursuant to which vantage agreed to provide up to $ 6 million of funding to the company , in the sole discretion of vantage , with $ 400,000 provided in the initial tranche ( the “ initial tranche ” ) . the consideration for the initial tranche of funding was the assignment to vantage of all of the company 's rights and ownership in its wholly-owned subsidiary camber permian ii , llc ( “ camber permian ” ) which included leaseholds and potential participation rights in undeveloped oil and gas property known as arrowhead . the vantage agreement contained customary indemnification requirements . on july 17 , 2017 , vantage provided $ 120,000 to the company under the vantage note and on july 20 , 2017 , vantage provided $ 30,000 to the company under the vantage note . vantage was granted a second lien on the jackrabbit property in connection with the financing . on november 9 , 2017 , in connection with the sale of the jackrabbit acreage , the company paid vantage the full amount due on the vantage note of $ 150,000. operations camber 's objective for our current producing wells is to operate as efficiently as possible , look for technological advancements to increase the life of the wells , evaluate the economic viability of these wells and consider adding to or working over our low producing assets . story_separator_special_tag dd & a decreased for the current year as compared to the prior year period by $ 1.2 million or 45 % primarily related to the decrease in total depreciable assets caused by the release with rogers . impairment of oil and gas properties . during the year ended march 31 , 2018 , the company recorded impairments totaling $ 8.1 million primarily related to unproved properties due to expirations of leaseholds . during the year ended march 31 , 2017 , the company recorded impairments totaling $ 79.1 million , which represented $ 10.9 million related to proved properties , $ 18.7 million related to unproved properties , and $ 49.5 million in conjunction with the acquisition , primarily due to continued low commodity prices during the fiscal year . loss on sale of property and equipment . during the year ended march 31 , 2018 , the company recorded a loss on sale of property and equipment of $ 3,559,083. during the year ended march 31 , 2017 , the company recorded a loss on sale of property and equipment of $ -0-. general and administrative expenses ( “ g & a ” ) ( excluding share-based compensation ) . g & a expenses for the current period increased by approximately $ 2.1 million or 52 % primarily related to professional fees from our financing transactions , and consulting , investor relations , and marketing expenses . share-based compensation . share-based compensation , which is included in general and administrative expenses in the statements of operations increased approximately $ 1.1 million or 940 % for the year ended march 31 , 2018 , as compared to the prior year primarily due to shares granted to consultants as compensation for services performed for the company . share-based compensation is utilized for the purpose of conserving cash resources for use in field development activities and operations . 61 interest expense . interest expense for the year ended march 31 , 2018 increased by $ 2.8 million or 90 % , when compared to the prior year primarily due to the approximate $ 2.1 million of default interest related to the rogers foreclosure , additional interest payments on the ibc loan ( which was only outstanding for part of the year ended march 31 , 2017 ) and the amortization of various loan discounts for outstanding and recently retired payables . other expense . other expense for the year ended march 31 , 2018 decreased by approximately $ 1.8 million when compared to the prior period primarily due to the settlement of costs incurred in the prior year related to the acquisition . story_separator_special_tag inherently uncertain because the future resolution of such matters is unknown . management routinely discusses the development , selection and disclosure of each of the critical accounting policies . following is a discussion of camber 's most critical accounting policies : proved oil and natural gas reserves camber 's independent petroleum consultants estimate proved oil and gas reserves , which directly impact financial accounting estimates , including depreciation , depletion and amortization . proved reserves represent estimated quantities of crude oil and condensate , natural gas liquids and natural gas that geological and engineering data demonstrate , with reasonable certainty , to be recoverable in future years from known reservoirs under economic and operating conditions existing at the time the estimates were made . the process of estimating quantities of proved oil and gas reserves is very complex , requiring significant subjective decisions in the evaluation of all available geological , engineering and economic data for each reservoir . the data for a given reservoir may also change substantially over time as a result of numerous factors including , but not limited to , additional development activity , evolving production history and continual reassessment of the viability of production under varying economic conditions . consequently , material revisions ( upward or downward ) to existing reserve estimates may occur from time to time . for related discussion , see “ item 1a . risk factors ” . 63 full cost accounting method camber uses the full cost method of accounting for oil and gas producing activities . costs to acquire mineral interests in oil and gas properties , to drill and equip exploratory wells used to find proved reserves , and to drill and equip development wells including directly related overhead costs and related asset retirement costs are capitalized . under this method , all costs , including internal costs directly related to acquisition , exploration and development activities are capitalized as oil and gas property costs on a country-by-country basis . properties not subject to amortization consist of exploration and development costs , which are evaluated on a property-by-property basis . amortization of these unproved property costs begins when the properties become proved or their values become impaired . camber assesses overall values of unproved properties , if any , on at least an annual basis or when there has been an indication that impairment in value may have occurred . impairment of unproved properties is assessed based on management 's intention with regard to future development of individually significant properties and the ability of camber to obtain funds to finance their programs . if the results of an assessment indicate that the properties are impaired , the amount of the impairment is added to the capitalized costs to be amortized . costs of oil and gas properties are amortized using the units of production method . sales of oil and natural gas properties are accounted for as adjustments to the net full cost pool with no gain or loss recognized , unless the adjustment would significantly alter the relationship between capitalized costs and proved reserves . full cost ceiling test limitation in applying the full cost method , camber performs an impairment test ( ceiling test ) at each reporting date , whereby the carrying value of property and equipment is compared to the “

liquidity and capital resources the accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the united states of america on a going concern basis , which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business . accordingly , the financial statements do not include any adjustments relating to the recoverability of assets and classification of liabilities that might be necessary should the company be unable to continue as a going concern . our primary sources of cash for the year ended march 31 , 2018 were from funds generated from the sale of preferred stock , the sale of natural gas and crude oil production and funds borrowed under funding agreements . the primary uses of cash were funds used in operations . working capital at march 31 , 2018 , the company 's total current liabilities of $ 40.0 million exceeded its total current assets of approximately $ 1.7 million , resulting in a working capital deficit of $ 38.3 million , while at march 31 , 2017 , the company 's total current liabilities of $ 48.2 million exceeded its total current assets of $ 3.9 million , resulting in a working capital deficit of $ 44.3 million . the $ 6 million decrease in the working capital deficit is primarily related to the settlement of the debt related to the rogers loan , described in greater detail above under `` part i '' - `` item 1. business '' - `` recent events '' - `` rogers loan default and foreclosure '' .


 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 the accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the united states of america on a going concern basis , which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business . accordingly , the financial statements do not include any adjustments relating to the recoverability of assets and classification of liabilities that might be necessary should the company be unable to continue as a going concern . our primary sources of cash for the year ended march 31 , 2018 were from funds generated from the sale of preferred stock , the sale of natural gas and crude oil production and funds borrowed under funding agreements . the primary uses of cash were funds used in operations . working capital at march 31 , 2018 , the company 's total current liabilities of $ 40.0 million exceeded its total current assets of approximately $ 1.7 million , resulting in a working capital deficit of $ 38.3 million , while at march 31 , 2017 , the company 's total current liabilities of $ 48.2 million exceeded its total current assets of $ 3.9 million , resulting in a working capital deficit of $ 44.3 million . the $ 6 million decrease in the working capital deficit is primarily related to the settlement of the debt related to the rogers loan , described in greater detail above under `` part i '' - `` item 1. business '' - `` recent events '' - `` rogers loan default and foreclosure '' .
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 Suspicious Activity Report : on october 5 , 2017 , in connection with the entry into the october 2017 purchase agreement , the investor purchased 212 shares of series c preferred stock for $ 2 million ( the “ initial closing ” ) ; on november 21 , 2017 , pursuant to the terms of the october 2017 purchase agreement , we sold the investor an additional 106 shares of series c preferred stock for $ 1 million ( the “ second closing ” ) ; on december 27 , 2017 , pursuant to the terms of the october 2017 purchase agreement , we sold the investor an additional 105 shares of series c preferred stock for $ 1 million ( the “ third closing ” ) ; on january 31 , 2018 , pursuant to the terms of the october 2017 purchase agreement , we sold the investor an additional 105 shares of series c preferred stock for $ 1 million ( the “ fourth closing ” ) ; on february 22 , 2018 , pursuant to the terms of the october 2017 purchase agreement , we sold the investor an additional 105 shares of series c preferred stock for $ 1 million ( the “ fifth closing ” ) ; on march 9 , 2018 , the company sold the investor an additional 105 shares of series c preferred stock for $ 1 million ( the “ sixth closing ” ) ; on april 10 , 2018 , the company sold the investor an additional 105 shares of series c preferred stock for $ 1 million ( the “ seventh closing ” ) ; and on may 22 , 2018 , the company sold the investor an additional 105 shares of series c preferred stock for $ 1 million ( the “ eighth closing ” ) . 56 the sixth closing , seventh closing and eighth closing occurred notwithstanding the terms of the october 2017 purchase agreement which required the sixth closing to be for a total of $ 5 million ( the “ $ 5 million closing ” ) , as the parties mutually agreed to the sales of only $ 1 million of series c preferred stock to be sold pursuant to the $ 5 million closing , at the sixth closing , seventh closing and eighth closing . on march 2 , 2018 , the company and the investor entered into an amendment to the october 2017 purchase agreement ( the “ amendment ” ) , pursuant to which the investor ( a ) waived any and all trigger events ( as defined in the certificate of designation of the series c preferred stock ( the “ designation ” ) ) that had occurred prior to march 2 , 2018 , ( b ) agreed that all calculations provided for in the designation would be made as if no such trigger event had occurred , and ( c ) waived any right to receive any additional shares of common stock based upon any such trigger event , with respect to all shares of series c preferred stock , other than any which have already been converted . the investor also agreed , pursuant to the amendment , that the conversion rate of conversion premiums pursuant to the designation would remain 95 % of the average of the lowest 5 individual daily volume weighted average prices during the applicable measuring period ( as defined in the designation ) , not to exceed 100 % of the lowest sales prices on the last day of the measuring period , less $ 0.05 per share of common stock , unless a triggering event has occurred , and that such $ 0.05 per share discount would not be adjusted in connection with the company 's previously reported 1-for-25 reverse stock split affected on march 5 , 2018. the company plans to use the proceeds from the sale of the series c preferred stock for working capital , workovers on existing wells , drilling and completion of additional wells , acquisitions , repayment of vendor balances and payments to ibc , in anticipation of regaining compliance . on august 2 , 2017 , and effective june 13 , 2017 , the company entered into an agreement with vantage fund , llc ( “ vantage ” and the “ vantage agreement ” ) , pursuant to which vantage agreed to provide up to $ 6 million of funding to the company , in the sole discretion of vantage , with $ 400,000 provided in the initial tranche ( the “ initial tranche ” ) . the consideration for the initial tranche of funding was the assignment to vantage of all of the company 's rights and ownership in its wholly-owned subsidiary camber permian ii , llc ( “ camber permian ” ) which included leaseholds and potential participation rights in undeveloped oil and gas property known as arrowhead . the vantage agreement contained customary indemnification requirements . on july 17 , 2017 , vantage provided $ 120,000 to the company under the vantage note and on july 20 , 2017 , vantage provided $ 30,000 to the company under the vantage note . vantage was granted a second lien on the jackrabbit property in connection with the financing . on november 9 , 2017 , in connection with the sale of the jackrabbit acreage , the company paid vantage the full amount due on the vantage note of $ 150,000. operations camber 's objective for our current producing wells is to operate as efficiently as possible , look for technological advancements to increase the life of the wells , evaluate the economic viability of these wells and consider adding to or working over our low producing assets . story_separator_special_tag dd & a decreased for the current year as compared to the prior year period by $ 1.2 million or 45 % primarily related to the decrease in total depreciable assets caused by the release with rogers . impairment of oil and gas properties . during the year ended march 31 , 2018 , the company recorded impairments totaling $ 8.1 million primarily related to unproved properties due to expirations of leaseholds . during the year ended march 31 , 2017 , the company recorded impairments totaling $ 79.1 million , which represented $ 10.9 million related to proved properties , $ 18.7 million related to unproved properties , and $ 49.5 million in conjunction with the acquisition , primarily due to continued low commodity prices during the fiscal year . loss on sale of property and equipment . during the year ended march 31 , 2018 , the company recorded a loss on sale of property and equipment of $ 3,559,083. during the year ended march 31 , 2017 , the company recorded a loss on sale of property and equipment of $ -0-. general and administrative expenses ( “ g & a ” ) ( excluding share-based compensation ) . g & a expenses for the current period increased by approximately $ 2.1 million or 52 % primarily related to professional fees from our financing transactions , and consulting , investor relations , and marketing expenses . share-based compensation . share-based compensation , which is included in general and administrative expenses in the statements of operations increased approximately $ 1.1 million or 940 % for the year ended march 31 , 2018 , as compared to the prior year primarily due to shares granted to consultants as compensation for services performed for the company . share-based compensation is utilized for the purpose of conserving cash resources for use in field development activities and operations . 61 interest expense . interest expense for the year ended march 31 , 2018 increased by $ 2.8 million or 90 % , when compared to the prior year primarily due to the approximate $ 2.1 million of default interest related to the rogers foreclosure , additional interest payments on the ibc loan ( which was only outstanding for part of the year ended march 31 , 2017 ) and the amortization of various loan discounts for outstanding and recently retired payables . other expense . other expense for the year ended march 31 , 2018 decreased by approximately $ 1.8 million when compared to the prior period primarily due to the settlement of costs incurred in the prior year related to the acquisition . story_separator_special_tag inherently uncertain because the future resolution of such matters is unknown . management routinely discusses the development , selection and disclosure of each of the critical accounting policies . following is a discussion of camber 's most critical accounting policies : proved oil and natural gas reserves camber 's independent petroleum consultants estimate proved oil and gas reserves , which directly impact financial accounting estimates , including depreciation , depletion and amortization . proved reserves represent estimated quantities of crude oil and condensate , natural gas liquids and natural gas that geological and engineering data demonstrate , with reasonable certainty , to be recoverable in future years from known reservoirs under economic and operating conditions existing at the time the estimates were made . the process of estimating quantities of proved oil and gas reserves is very complex , requiring significant subjective decisions in the evaluation of all available geological , engineering and economic data for each reservoir . the data for a given reservoir may also change substantially over time as a result of numerous factors including , but not limited to , additional development activity , evolving production history and continual reassessment of the viability of production under varying economic conditions . consequently , material revisions ( upward or downward ) to existing reserve estimates may occur from time to time . for related discussion , see “ item 1a . risk factors ” . 63 full cost accounting method camber uses the full cost method of accounting for oil and gas producing activities . costs to acquire mineral interests in oil and gas properties , to drill and equip exploratory wells used to find proved reserves , and to drill and equip development wells including directly related overhead costs and related asset retirement costs are capitalized . under this method , all costs , including internal costs directly related to acquisition , exploration and development activities are capitalized as oil and gas property costs on a country-by-country basis . properties not subject to amortization consist of exploration and development costs , which are evaluated on a property-by-property basis . amortization of these unproved property costs begins when the properties become proved or their values become impaired . camber assesses overall values of unproved properties , if any , on at least an annual basis or when there has been an indication that impairment in value may have occurred . impairment of unproved properties is assessed based on management 's intention with regard to future development of individually significant properties and the ability of camber to obtain funds to finance their programs . if the results of an assessment indicate that the properties are impaired , the amount of the impairment is added to the capitalized costs to be amortized . costs of oil and gas properties are amortized using the units of production method . sales of oil and natural gas properties are accounted for as adjustments to the net full cost pool with no gain or loss recognized , unless the adjustment would significantly alter the relationship between capitalized costs and proved reserves . full cost ceiling test limitation in applying the full cost method , camber performs an impairment test ( ceiling test ) at each reporting date , whereby the carrying value of property and equipment is compared to the “

