we intend to effectuate our initial business combination using cash from the proceeds of our initial public offering and the private placement of the private units , our shares , debt securities or a combination of cash , shares and debt securities . the issuance of additional shares in our initial business combination : ● may significantly dilute the equity interest of investors in our initial public offering who would do not have pre-emption rights in respect of any such issue ; ● may subordinate the rights of holders of ordinary shares if the rights , preferences , designations and limitations attaching to the preferred shares are created by amendment of our memorandum and articles of association by resolution of the board of directors and preferred shares are issued with rights senior to those afforded our ordinary shares ; ● could cause a change in control if a substantial number of ordinary shares is issued , which may affect , among other things , our ability to use our net operating loss carry forwards , if any , and could result in the resignation or removal of our present officers and directors ; ● may have the effect of delaying or preventing a change of control of us by diluting the share ownership or voting rights or a person seeking to obtain control of us ; and ● may adversely affect prevailing market prices for our ordinary shares and or rights . similarly , if we issue debt securities , it could result in : ● default and foreclosure on our assets if our operating revenues after our initial business combination are insufficient to repay our debt obligations ; ● acceleration of our obligations to repay the indebtedness even if we make all principal and interest payments when due if we breach certain covenants that require the maintenance of certain financial ratios or reserves without a waiver or renegotiation of that covenant ; ● our immediate payment of all principal and accrued interest , if any , if the debt security is payable on demand ; ● our inability to obtain necessary additional financing if the debt security contains covenants restricting our ability to obtain such financing while the debt security is outstanding ; 43 ● our inability to pay dividends on our ordinary shares ; ● our using a substantial portion of our cash flow to pay principal and interest on our debt , which will reduce the funds available for dividends on our ordinary shares if declared , expenses , capital expenditures , acquisitions and other general corporate purposes ; ● limitations on our flexibility in planning for and reacting to changes in our business and in the industry in which we operate ; ● increased vulnerability to adverse changes in general economic , industry and competitive conditions and adverse changes in government regulation ; and ● limitations on our ability to borrow additional amounts for expenses , capital expenditures , acquisitions , debt service requirements , execution of our strategy and other purposes and other disadvantages compared to our competitors who have less debt . on january 3 , 2016 , dt asia 's board of directors approved the share exchange agreement with china lending group as being in the best interests of dt asia and its shareholders , and on january 11 , 2016 , the parties executed the share exchange agreement . we expect to continue to incur significant costs in the pursuit of our acquisition plans . we can not assure you that our plans to raise capital or to complete our initial business combination will be successful . we presently have no revenue , have had losses since inception through march 31 , 2016 of approximately $ 1,343,249 , primarily from incurring costs related to due diligence , professional , and investor relations related costs , etc . , and we have no other operations other than the active solicitation of a target business with which to complete a business combination . we have relied upon the sale of our securities and loans from our officers , directors and sponsor to fund our operations . on october 6 , 2014 , dt asia consummated its initial public offering of 6,000,000 units , each unit consisting of one ordinary share , one right , and one warrant . each right entitles the holder to receive one-tenth ( 1/10 ) of an ordinary share on the consummation of an initial business combination . each warrant entitles the holder thereof to purchase one-half of one ordinary share , at a price of $ 12.00 per full share . the units were sold at an offering price of $ 10.00 per unit , generating gross proceeds of $ 60.0 million . on october 6 , 2014 , simultaneously with the consummation of the initial public offering , the company completed the private placement of an aggregate of 320,000 private units , at $ 10.00 per unit , among which 290,000 private units were purchased by detiger holdings limited , our sponsor , and 30,000 private units were purchased by earlybirdcapital , generating gross proceeds of $ 3,200,000. each private unit is comprised of one ordinary share , one right , and one warrant . each right entitles the holder to receive one-tenth ( 1/10 ) of an ordinary share on the consummation of an initial business combination . each warrant entitles the holder thereof to purchase one-half of one ordinary share , at a price of $ 12.00 per full share . in addition , our sponsor purchased from us an aggregate of 1,800,000 warrants , or sponsor warrants , at a price of $ 0.50 per warrant ( $ 900,000 ) . story_separator_special_tag further , we have approximately $ 60,000 in payables and $ 45,000 of accrued expenses , both payable before a business combination , and we expect to incur an additional $ 120,000 in expenses to complete the business combination before july 6 , 2016. furthermore , there are an estimated $ 450,000 of payables and contingent expenses which are deferred and are not payable unless there is a closing of a business combination . for the period from april 8 , 2014 ( inception ) to march 31 , 2015 , we had net losses of $ 246,857 , which consisted of operating expenses partially offset by interest income from our trust account . operating expenses generally consisted of the $ 10,000 monthly payment to our sponsor for office and administrative support , monthly professional fees owed to our service providers , travel expenses , nasdaq market listing fees and our directors and officers insurance policy costs . operating expenses after our initial public offering increased dramatically due to our having commenced searching a target company , and professional expenses being expensed in the statement of operations . for the year ended march 31 , 2016 , we had net losses of $ 1,343,249 ( accumulated net losses of $ 1,590,106 since inception ) , which consisted of operating expenses partially offset by interest income from our trust account . operating expenses generally consisted of the $ 10,000 monthly payment to our sponsor for office and administrative support , monthly professional fees owed to our service providers , travel expenses and amortization of our director and officer insurance policy . operating expenses for the year ended march 31 , 2016 increased dramatically as compared to the period ended march 31 , 2015 due to our having commenced operations in the target company after our initial public offering . story_separator_special_tag price of $ 10.00 per unit . these units will be identical to the private units issued in a private placement in connection with our initial public offering . as such , each unit will be comprised of one ordinary share , one right to receive one-tenth of one ordinary share upon consummation of a business combination , and one warrant to purchase one-half of an ordinary share at an exercise price of $ 12.00 per full share . 46 the company had drawn down all of the $ 1,600,000 as of june 15 , 2016. if we are required to seek additional capital , we will need to raise additional capital through loans or additional investments from our sponsor , shareholders , officers , directors , or third parties . none of the sponsors , shareholders , officers or directors are under any obligation to advance funds to , or to invest in , the company . accordingly , we may not be able to obtain additional financing . if the company is unable to raise additional capital , it may be required to take additional measures to conserve liquidity , which could include , but not necessarily be limited to , curtailing operations , suspending the pursuit of its business plan , and reducing overhead expenses . the company can not provide any assurance that new financing will be available to it on commercially acceptable terms , if at all . these conditions raise substantial doubt about the company 's ability to continue as a going concern . these financial statements do not include any adjustments that might result from the outcome of these uncertainties . as of june 20 , 2016 , we have a total of approximately $ 252,000 available ( $ 141,000 cash in bank and $ 111,000 in interest earned from the trust held by continental stock transfer & trust company acting as trustee ) . further , we have approximately $ 60,000 in payables and $ 45,000 of accrued expenses , both payable before a business combination , and we expect to incur an additional $ 120,000 in expenses to complete the business combination before july 6 , 2016. therefore , there should be sufficient cash resources to complete the business combination , assuming it proceeds according to the planned timetable and there are no significant unforeseen costs or claims . there are an estimated $ 450,000 of payables and contingent expenses which are deferred and are not payable unless there is a closing of a business combination . if we were unable to complete the business combination , 100 % of our outstanding public shares will be redeemed for a portion of the funds held in the trust account , each holder will receive a full pro rata portion of the amount then in the trust account ( less up to $ 50,000 to pay dissolution costs ) , plus any pro rata interest earned on the funds held in the trust account and not previously released to us for our working capital requirements or necessary to pay taxes payable on such funds . holders of rights or warrants will receive no proceeds in connection with the liquidation with respect to such rights or warrants , which will expire worthless . further , holders of the founder shares , private units and sponsor warrants will not participate in any redemption distribution with respect to their founder shares , private shares , private rights , private warrants or sponsor warrants . additionally in such circumstance we may not have sufficient funds to pay or provide for all creditors ' claims ( including the sponsor loans ) . although we have entered into valid and enforceable agreements waiving any right , title , interest or claim of any kind in or to any monies held in the trust account with third parties , including vendors and other entities we have engaged , but excluding our independent registered public accounting firm and us gaap reporting consultants , there is no guarantee that the third parties would not challenge the enforceability of these waivers and bring claims

liquidity and capital resources as of march 31 , 2016 , we had cash of $ 53,115. through march 31 , 2016 , our liquidity needs have been satisfied to date primarily through net proceeds from our initial public offering ( including over-allotment units issued in connection with the underwriter 's partial exercise of its over-allotment option ) and all related private placements not held in the trust account and the loan from our sponsor . as of march 31 , 2016 , our sponsor has loaned the company $ 1,187,989 pursuant to a note , which becomes due on the earlier of ( 1 ) july 6 , 2016 ; or ( 2 ) the date the company consummates a business combination . up to $ 500,000 of our sponsor loan is convertible , in whole or in part , at the payee 's election , upon the consummation of the business combination , into units , at a price of $ 10.00 per unit . these units will be identical to the private units issued in a private placement in connection with our initial public offering . 45 we received total gross proceeds of $ 73,152,164 from the sale of units in our initial public offering ( including the private units issued in connection with the underwriters ' partial exercise of their over-allotment option ) and all related private placements on october 6 , 2014 and october 14 , 2014. a total of $ 69,972,643 of net proceeds was deposited in a trust account established for the benefit of the company 's public shareholders and as of march 31 , 2015 , the carrying value of cash and investments held in trust account is $ 70,051,271 ( including earned interest income of $ 111,251 since october 2014 ) . on march 31 , 2016 , the company held a special meeting in lieu of an annual meeting of shareholders ( the “ meeting ” ) .


 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 as of march 31 , 2016 , we had cash of $ 53,115. through march 31 , 2016 , our liquidity needs have been satisfied to date primarily through net proceeds from our initial public offering ( including over-allotment units issued in connection with the underwriter 's partial exercise of its over-allotment option ) and all related private placements not held in the trust account and the loan from our sponsor . as of march 31 , 2016 , our sponsor has loaned the company $ 1,187,989 pursuant to a note , which becomes due on the earlier of ( 1 ) july 6 , 2016 ; or ( 2 ) the date the company consummates a business combination . up to $ 500,000 of our sponsor loan is convertible , in whole or in part , at the payee 's election , upon the consummation of the business combination , into units , at a price of $ 10.00 per unit . these units will be identical to the private units issued in a private placement in connection with our initial public offering . 45 we received total gross proceeds of $ 73,152,164 from the sale of units in our initial public offering ( including the private units issued in connection with the underwriters ' partial exercise of their over-allotment option ) and all related private placements on october 6 , 2014 and october 14 , 2014. a total of $ 69,972,643 of net proceeds was deposited in a trust account established for the benefit of the company 's public shareholders and as of march 31 , 2015 , the carrying value of cash and investments held in trust account is $ 70,051,271 ( including earned interest income of $ 111,251 since october 2014 ) . on march 31 , 2016 , the company held a special meeting in lieu of an annual meeting of shareholders ( the “ meeting ” ) .
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 Suspicious Activity Report : we intend to effectuate our initial business combination using cash from the proceeds of our initial public offering and the private placement of the private units , our shares , debt securities or a combination of cash , shares and debt securities . the issuance of additional shares in our initial business combination : ● may significantly dilute the equity interest of investors in our initial public offering who would do not have pre-emption rights in respect of any such issue ; ● may subordinate the rights of holders of ordinary shares if the rights , preferences , designations and limitations attaching to the preferred shares are created by amendment of our memorandum and articles of association by resolution of the board of directors and preferred shares are issued with rights senior to those afforded our ordinary shares ; ● could cause a change in control if a substantial number of ordinary shares is issued , which may affect , among other things , our ability to use our net operating loss carry forwards , if any , and could result in the resignation or removal of our present officers and directors ; ● may have the effect of delaying or preventing a change of control of us by diluting the share ownership or voting rights or a person seeking to obtain control of us ; and ● may adversely affect prevailing market prices for our ordinary shares and or rights . similarly , if we issue debt securities , it could result in : ● default and foreclosure on our assets if our operating revenues after our initial business combination are insufficient to repay our debt obligations ; ● acceleration of our obligations to repay the indebtedness even if we make all principal and interest payments when due if we breach certain covenants that require the maintenance of certain financial ratios or reserves without a waiver or renegotiation of that covenant ; ● our immediate payment of all principal and accrued interest , if any , if the debt security is payable on demand ; ● our inability to obtain necessary additional financing if the debt security contains covenants restricting our ability to obtain such financing while the debt security is outstanding ; 43 ● our inability to pay dividends on our ordinary shares ; ● our using a substantial portion of our cash flow to pay principal and interest on our debt , which will reduce the funds available for dividends on our ordinary shares if declared , expenses , capital expenditures , acquisitions and other general corporate purposes ; ● limitations on our flexibility in planning for and reacting to changes in our business and in the industry in which we operate ; ● increased vulnerability to adverse changes in general economic , industry and competitive conditions and adverse changes in government regulation ; and ● limitations on our ability to borrow additional amounts for expenses , capital expenditures , acquisitions , debt service requirements , execution of our strategy and other purposes and other disadvantages compared to our competitors who have less debt . on january 3 , 2016 , dt asia 's board of directors approved the share exchange agreement with china lending group as being in the best interests of dt asia and its shareholders , and on january 11 , 2016 , the parties executed the share exchange agreement . we expect to continue to incur significant costs in the pursuit of our acquisition plans . we can not assure you that our plans to raise capital or to complete our initial business combination will be successful . we presently have no revenue , have had losses since inception through march 31 , 2016 of approximately $ 1,343,249 , primarily from incurring costs related to due diligence , professional , and investor relations related costs , etc . , and we have no other operations other than the active solicitation of a target business with which to complete a business combination . we have relied upon the sale of our securities and loans from our officers , directors and sponsor to fund our operations . on october 6 , 2014 , dt asia consummated its initial public offering of 6,000,000 units , each unit consisting of one ordinary share , one right , and one warrant . each right entitles the holder to receive one-tenth ( 1/10 ) of an ordinary share on the consummation of an initial business combination . each warrant entitles the holder thereof to purchase one-half of one ordinary share , at a price of $ 12.00 per full share . the units were sold at an offering price of $ 10.00 per unit , generating gross proceeds of $ 60.0 million . on october 6 , 2014 , simultaneously with the consummation of the initial public offering , the company completed the private placement of an aggregate of 320,000 private units , at $ 10.00 per unit , among which 290,000 private units were purchased by detiger holdings limited , our sponsor , and 30,000 private units were purchased by earlybirdcapital , generating gross proceeds of $ 3,200,000. each private unit is comprised of one ordinary share , one right , and one warrant . each right entitles the holder to receive one-tenth ( 1/10 ) of an ordinary share on the consummation of an initial business combination . each warrant entitles the holder thereof to purchase one-half of one ordinary share , at a price of $ 12.00 per full share . in addition , our sponsor purchased from us an aggregate of 1,800,000 warrants , or sponsor warrants , at a price of $ 0.50 per warrant ( $ 900,000 ) . story_separator_special_tag further , we have approximately $ 60,000 in payables and $ 45,000 of accrued expenses , both payable before a business combination , and we expect to incur an additional $ 120,000 in expenses to complete the business combination before july 6 , 2016. furthermore , there are an estimated $ 450,000 of payables and contingent expenses which are deferred and are not payable unless there is a closing of a business combination . for the period from april 8 , 2014 ( inception ) to march 31 , 2015 , we had net losses of $ 246,857 , which consisted of operating expenses partially offset by interest income from our trust account . operating expenses generally consisted of the $ 10,000 monthly payment to our sponsor for office and administrative support , monthly professional fees owed to our service providers , travel expenses , nasdaq market listing fees and our directors and officers insurance policy costs . operating expenses after our initial public offering increased dramatically due to our having commenced searching a target company , and professional expenses being expensed in the statement of operations . for the year ended march 31 , 2016 , we had net losses of $ 1,343,249 ( accumulated net losses of $ 1,590,106 since inception ) , which consisted of operating expenses partially offset by interest income from our trust account . operating expenses generally consisted of the $ 10,000 monthly payment to our sponsor for office and administrative support , monthly professional fees owed to our service providers , travel expenses and amortization of our director and officer insurance policy . operating expenses for the year ended march 31 , 2016 increased dramatically as compared to the period ended march 31 , 2015 due to our having commenced operations in the target company after our initial public offering . story_separator_special_tag price of $ 10.00 per unit . these units will be identical to the private units issued in a private placement in connection with our initial public offering . as such , each unit will be comprised of one ordinary share , one right to receive one-tenth of one ordinary share upon consummation of a business combination , and one warrant to purchase one-half of an ordinary share at an exercise price of $ 12.00 per full share . 46 the company had drawn down all of the $ 1,600,000 as of june 15 , 2016. if we are required to seek additional capital , we will need to raise additional capital through loans or additional investments from our sponsor , shareholders , officers , directors , or third parties . none of the sponsors , shareholders , officers or directors are under any obligation to advance funds to , or to invest in , the company . accordingly , we may not be able to obtain additional financing . if the company is unable to raise additional capital , it may be required to take additional measures to conserve liquidity , which could include , but not necessarily be limited to , curtailing operations , suspending the pursuit of its business plan , and reducing overhead expenses . the company can not provide any assurance that new financing will be available to it on commercially acceptable terms , if at all . these conditions raise substantial doubt about the company 's ability to continue as a going concern . these financial statements do not include any adjustments that might result from the outcome of these uncertainties . as of june 20 , 2016 , we have a total of approximately $ 252,000 available ( $ 141,000 cash in bank and $ 111,000 in interest earned from the trust held by continental stock transfer & trust company acting as trustee ) . further , we have approximately $ 60,000 in payables and $ 45,000 of accrued expenses , both payable before a business combination , and we expect to incur an additional $ 120,000 in expenses to complete the business combination before july 6 , 2016. therefore , there should be sufficient cash resources to complete the business combination , assuming it proceeds according to the planned timetable and there are no significant unforeseen costs or claims . there are an estimated $ 450,000 of payables and contingent expenses which are deferred and are not payable unless there is a closing of a business combination . if we were unable to complete the business combination , 100 % of our outstanding public shares will be redeemed for a portion of the funds held in the trust account , each holder will receive a full pro rata portion of the amount then in the trust account ( less up to $ 50,000 to pay dissolution costs ) , plus any pro rata interest earned on the funds held in the trust account and not previously released to us for our working capital requirements or necessary to pay taxes payable on such funds . holders of rights or warrants will receive no proceeds in connection with the liquidation with respect to such rights or warrants , which will expire worthless . further , holders of the founder shares , private units and sponsor warrants will not participate in any redemption distribution with respect to their founder shares , private shares , private rights , private warrants or sponsor warrants . additionally in such circumstance we may not have sufficient funds to pay or provide for all creditors ' claims ( including the sponsor loans ) . although we have entered into valid and enforceable agreements waiving any right , title , interest or claim of any kind in or to any monies held in the trust account with third parties , including vendors and other entities we have engaged , but excluding our independent registered public accounting firm and us gaap reporting consultants , there is no guarantee that the third parties would not challenge the enforceability of these waivers and bring claims

