this efficient supply chain enables us to provide quality products at competitive prices for all of our brands . we seek to drive sustainable and profitable growth in this segment by leveraging our brands ' leading market positions and heritage to expand our product offering and distribution channels . we believe that growth in yoga participation , greater awareness of health and wellness , and the success of our retail and online partners is increasing consumer interest in our brands and products , and creates new opportunities for us to expand our offering . recent examples of our brand extension include the 2012 launch of gaiam restore and spri dynamic recovery brands , our at-home rehabilitative and restorative products , and the 2013 launch of our spri cross train line of high-intensity fitness accessories . we anticipate launching a yoga apparel line in the spring of 2015. we recently launched or updated certain websites , evolving our e-commerce experience to focus on engaging customers through digital content , and social and mobile marketing across various devices . with the acquisition of yoga studio , the leading yoga app for mobile and tablet devices , in the fourth quarter of 2014 , we launched our interactive digital strategy , which we will continue to develop and leverage as a point of brand engagement . we plan to invest in our online branding and digital offerings , develop emerging talent , utilize social media , and sponsor local events . additionally , we will significantly reduce the circulation of our catalogs going forward as the direct-to-consumer business has shifted online . 16 gaiam tv segment gaiam tv is a global digital video subscription service with approximately 7,000 titles which caters to an underserved subscriber base . gaiam tv 's digital content is available to subscribers on virtually any internet connected device anytime , anywhere commercial free . the subscription also allows subscribers to download and view files from the library without being actively connected to the internet . through gaiam tv subscriptions , customers have unlimited access to a vast library of inspiring films , personal growth related content , cutting edge documentaries , interviews , yoga classes , and more  90 % of which is available exclusively to subscribers for digital streaming . the streaming video market is currently booming : in august 2014 , 196.5 million internet users watched online videos in the united states alone , according to comscore . the first quarter of 2014 set a new record with 35.6 billion global online video starts , representing a 43 % increase compared to the first quarter of 2013 , according to the u.s. digital video benchmark report from adobe . more and more , people are augmenting their use of , or veering away from broadcast television and turning to , streaming video to watch their favorite content on services like netflix , amazon prime , hulu plus , hbo go and gaiam tv . gaiam tv 's position in the streaming video landscape is firmly supported by a wide variety of exclusive and unique content , which provides a complementary offering to entertainment-based streaming video services . gaiam tv 's original content is developed and produced in-house in state-of-the-art production studios near boulder , colorado . by offering exclusive and unique content over a streaming service , we believe we will be able to significantly expand our target subscriber base . in october 2013 , gaiam tv acquired my yoga online , the largest on-line yoga video streaming subscription business in canada . with this acquisition we grew our content library by approximately 1,300 video titles and expanded our international subscriber base . we plan to continue investing in international expansion , both in terms of subscribers and content . gaiam 's board of directors previously approved the separation of gaiam tv and gaiam brand into two separate publicly traded companies . we currently expect the separation to take the form of a tax-free spin-off to shareholders . our board of directors has the right and ability , in its sole discretion , to abandon the proposed separation at any time before the distribution date . as a result , there can be no assurance that the separation will occur . results of operations year ended december 31 , 2014 compared to year ended december 31 , 2013 net revenue . net revenue increased $ 11.2 million , or 7.2 % , to $ 166.7 million during 2014 from $ 155.5 million during 2013. net revenue in our gaiam brand segment increased $ 7.0 million , or 4.7 % , to $ 156.8 million during 2014 from $ 149.8 million during 2013 , due to the addition of a new major customer account and growth in our gaiam restore and spri product lines . growth in the gaiam brand segment was moderated by a few factors . first , revenues from our largest customer declined as the result of a data breach at the customer 's stores . second , we made a strategic decision early in the year to reduce catalog circulation and focus our direct-to-consumer operations on a consumer engagement digital strategy . third , the continued contraction in the physical dvd market reduced our media sales . finally , we decided during the year to not renew a license we held to manufacture fitness accessories under a third-party brand . this decision resulted in lower revenues , but allowed us to focus more on our gaiam and spri brands . our eco-travel business , which is part of the gaiam brand segment , grew during the year as a result of improved economic conditions . story_separator_special_tag media library our media library asset represents the fair value of libraries of media acquired through business combinations , the purchase price of media rights to both video and audio titles , and the capitalized cost to produce media products , all of which we market to retailers and to e-commerce and subscription customers . we amortize the fair value of acquired or purchased media titles and content on a straight-line basis over succeeding periods on the basis of their estimated useful lives . we defer capitalized production costs for financial reporting purposes until the media is released , and then amortize these costs over succeeding periods on the basis of estimated sales . historical sales statistics are the principal factor used in estimating the amortization rate . if the actual useful life or the actual sales of our media are significantly different from our estimates that could adversely impact our operating results . revenue we recognize revenue in our gaiam brand segment when the goods are shipped to the customer and collection is either probable or has occurred . the amount of revenue recognized is net of estimated returns and other chargebacks ( or channel credits ) , which are estimated using historical return and credit rates . if the actual amount of returns and chargebacks were to vary significantly from our estimates , it could materially impact our results of operations in subsequent periods . we recognize amounts billed to customers for postage and handling as revenue at the same time we recognize the revenue arising from the product sale . travel revenues are recognized in the period which the trip begins . we recognize revenue in our gaiam tv segment ratably over the subscription period after collection has occurred . we present revenue net of taxes collected from customers . share-based compensation we measure compensation cost at the grant date based on the fair value of the award and recognize compensation cost upon the probable attainment of a specified performance condition over the estimated performance period or for time based awards over the service period . we use the black-scholes option valuation model to estimate the grant date fair value . in estimating this fair value , there are certain assumptions that we use , as disclosed in note 11. share-based compensation , consisting of the expected life of the option , risk-free interest rate , dividend yield , and volatility . the use of a different estimate for any one of these components could have a material impact on the amount of calculated compensation expense . long-lived assets we evaluate the carrying value of long-lived assets held and used , other than goodwill , when events or changes in circumstances indicate the carrying value may not be recoverable . we consider the carrying value of a long-lived asset impaired when the total projected undiscounted cash flows from the asset are separately identifiable and are less than the carrying value . we recognize a loss based on the amount by which the carrying value exceeds the estimated fair value of the long-lived asset . we determine the estimated fair value primarily using the projected cash flows from the asset discounted at a rate commensurate with the risk involved . deferred tax assets due to historical operating losses , we recorded a full valuation allowance on our deferred tax assets at the end of 2013 and therefore recorded an associated tax expense of $ 23.2 million . we have continued to maintain a full valuation allowance during 2014. we continue to be optimistic about our future , and expect to return to operating profitability . when that happens , we expect to reverse the valuation allowance and record the related tax benefit for future use of our net operation loss carryforwards we expect to realize . 21 liquidity and capital resources our capital needs arise from working capital required to fund operations , capital expenditures related to acquisition and development of media content , development and marketing of our e-commerce and digital platforms and new products , acquisitions of new businesses , replacements , expansions and improvements to our infrastructure , and future growth . these capital requirements depend on numerous factors , including the rate of market acceptance of our product offerings , our ability to expand our customer base , the cost of ongoing upgrades to our product offerings , the level of expenditures for sales and marketing , the level of investment in distribution systems and facilities and other factors . the timing and amount of these capital requirements are variable and we can not accurately predict them . additionally , we will continue to pursue opportunities to expand our media libraries , evaluate possible investments in businesses , products and technologies , and increase our sales and marketing programs and brand promotions as needed . at december 31 , 2014 , our cash balance was $ 15.8 million . including our investment in gaiam tv , we estimate that our capital expenditures will total approximately $ 6.0 million for 2015 , which will be funded through cash flow from operations . we currently have a shelf registration with the securities and exchange commission for 5,000,000 shares of our class a common stock and to date no shares have been issued under this shelf registration . in the normal course of our business , we investigate , evaluate and discuss acquisition , joint venture , minority investment , strategic relationship and other business combination opportunities in our market . for any future investment , acquisition or joint venture opportunities , we may consider using then-available liquidity , issuing equity securities or incurring additional indebtedness . while there can be no assurances , we believe our cash on hand , cash expected to be generated from future operations , cash that could be raised by the sale of our shelf registration stock or from new credit facilities would be sufficient to fund our operations on both

cash flows the following table summarizes our primary sources ( uses ) of cash during the periods presented : replace_table_token_5_th 22 ( a ) net cash provided by operating activities for discontinued operations during 2012 includes approximately $ 18.7 million of net cash provided by purchased working capital associated with vivendi entertainment , which was used to partially fund the acquisition of vivendi . excluding the net cash flows from the purchased vivendi entertainment working capital , net cash used by operating activities for discontinued operations would have been zero during 2012. additionally , the net cash provided by operating activities for discontinued operations during 2012 does not include participations payments for vivendi entertainment sales during the fourth quarter of 2011 as we did n't acquire vivendi entertainment until march 28 , 2012. the fourth quarter is our seasonably largest sales quarter and participations payable resulting from such sales are normally not paid until the following quarter . also , net cash used in operating activities for discontinued operations during 2013 includes certain participation payments that were due in december 2012 , but not paid until january 2013 . 2014 compared to 2013 continuing operations operating activities . our operating activities for continuing operations used net cash of $ 8.8 million and $ 15.6 million during 2014 and 2013 , respectively . the net cash used by operating activities for continuing operations during 2014 was primarily attributable to continuing investment in gaiam tv , decreased participations payable of $ 3.5 million and increased receivables of $ 3.9 million , partially offset by increased accounts payable of $ 5.5 million . the net cash used by operating activities for continuing operations during 2013 was also primarily attributable to investment in gaiam tv , decreased accounts payable of $ 4.4 million , partially offset by decreased inventory of $ 1.1 million . investing activities . our investing activities for continuing operations used net cash of $ 8.4 million and generated net cash of $ 65.0 million during 2014 and 2013 , respectively . the net cash used in investing activities for continuing operations during 2014 was due to $ 5.5


 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.
     ```cash flows the following table summarizes our primary sources ( uses ) of cash during the periods presented : replace_table_token_5_th 22 ( a ) net cash provided by operating activities for discontinued operations during 2012 includes approximately $ 18.7 million of net cash provided by purchased working capital associated with vivendi entertainment , which was used to partially fund the acquisition of vivendi . excluding the net cash flows from the purchased vivendi entertainment working capital , net cash used by operating activities for discontinued operations would have been zero during 2012. additionally , the net cash provided by operating activities for discontinued operations during 2012 does not include participations payments for vivendi entertainment sales during the fourth quarter of 2011 as we did n't acquire vivendi entertainment until march 28 , 2012. the fourth quarter is our seasonably largest sales quarter and participations payable resulting from such sales are normally not paid until the following quarter . also , net cash used in operating activities for discontinued operations during 2013 includes certain participation payments that were due in december 2012 , but not paid until january 2013 . 2014 compared to 2013 continuing operations operating activities . our operating activities for continuing operations used net cash of $ 8.8 million and $ 15.6 million during 2014 and 2013 , respectively . the net cash used by operating activities for continuing operations during 2014 was primarily attributable to continuing investment in gaiam tv , decreased participations payable of $ 3.5 million and increased receivables of $ 3.9 million , partially offset by increased accounts payable of $ 5.5 million . the net cash used by operating activities for continuing operations during 2013 was also primarily attributable to investment in gaiam tv , decreased accounts payable of $ 4.4 million , partially offset by decreased inventory of $ 1.1 million . investing activities . our investing activities for continuing operations used net cash of $ 8.4 million and generated net cash of $ 65.0 million during 2014 and 2013 , respectively . the net cash used in investing activities for continuing operations during 2014 was due to $ 5.5
```    
 Suspicious Activity Report : this efficient supply chain enables us to provide quality products at competitive prices for all of our brands . we seek to drive sustainable and profitable growth in this segment by leveraging our brands ' leading market positions and heritage to expand our product offering and distribution channels . we believe that growth in yoga participation , greater awareness of health and wellness , and the success of our retail and online partners is increasing consumer interest in our brands and products , and creates new opportunities for us to expand our offering . recent examples of our brand extension include the 2012 launch of gaiam restore and spri dynamic recovery brands , our at-home rehabilitative and restorative products , and the 2013 launch of our spri cross train line of high-intensity fitness accessories . we anticipate launching a yoga apparel line in the spring of 2015. we recently launched or updated certain websites , evolving our e-commerce experience to focus on engaging customers through digital content , and social and mobile marketing across various devices . with the acquisition of yoga studio , the leading yoga app for mobile and tablet devices , in the fourth quarter of 2014 , we launched our interactive digital strategy , which we will continue to develop and leverage as a point of brand engagement . we plan to invest in our online branding and digital offerings , develop emerging talent , utilize social media , and sponsor local events . additionally , we will significantly reduce the circulation of our catalogs going forward as the direct-to-consumer business has shifted online . 16 gaiam tv segment gaiam tv is a global digital video subscription service with approximately 7,000 titles which caters to an underserved subscriber base . gaiam tv 's digital content is available to subscribers on virtually any internet connected device anytime , anywhere commercial free . the subscription also allows subscribers to download and view files from the library without being actively connected to the internet . through gaiam tv subscriptions , customers have unlimited access to a vast library of inspiring films , personal growth related content , cutting edge documentaries , interviews , yoga classes , and more  90 % of which is available exclusively to subscribers for digital streaming . the streaming video market is currently booming : in august 2014 , 196.5 million internet users watched online videos in the united states alone , according to comscore . the first quarter of 2014 set a new record with 35.6 billion global online video starts , representing a 43 % increase compared to the first quarter of 2013 , according to the u.s. digital video benchmark report from adobe . more and more , people are augmenting their use of , or veering away from broadcast television and turning to , streaming video to watch their favorite content on services like netflix , amazon prime , hulu plus , hbo go and gaiam tv . gaiam tv 's position in the streaming video landscape is firmly supported by a wide variety of exclusive and unique content , which provides a complementary offering to entertainment-based streaming video services . gaiam tv 's original content is developed and produced in-house in state-of-the-art production studios near boulder , colorado . by offering exclusive and unique content over a streaming service , we believe we will be able to significantly expand our target subscriber base . in october 2013 , gaiam tv acquired my yoga online , the largest on-line yoga video streaming subscription business in canada . with this acquisition we grew our content library by approximately 1,300 video titles and expanded our international subscriber base . we plan to continue investing in international expansion , both in terms of subscribers and content . gaiam 's board of directors previously approved the separation of gaiam tv and gaiam brand into two separate publicly traded companies . we currently expect the separation to take the form of a tax-free spin-off to shareholders . our board of directors has the right and ability , in its sole discretion , to abandon the proposed separation at any time before the distribution date . as a result , there can be no assurance that the separation will occur . results of operations year ended december 31 , 2014 compared to year ended december 31 , 2013 net revenue . net revenue increased $ 11.2 million , or 7.2 % , to $ 166.7 million during 2014 from $ 155.5 million during 2013. net revenue in our gaiam brand segment increased $ 7.0 million , or 4.7 % , to $ 156.8 million during 2014 from $ 149.8 million during 2013 , due to the addition of a new major customer account and growth in our gaiam restore and spri product lines . growth in the gaiam brand segment was moderated by a few factors . first , revenues from our largest customer declined as the result of a data breach at the customer 's stores . second , we made a strategic decision early in the year to reduce catalog circulation and focus our direct-to-consumer operations on a consumer engagement digital strategy . third , the continued contraction in the physical dvd market reduced our media sales . finally , we decided during the year to not renew a license we held to manufacture fitness accessories under a third-party brand . this decision resulted in lower revenues , but allowed us to focus more on our gaiam and spri brands . our eco-travel business , which is part of the gaiam brand segment , grew during the year as a result of improved economic conditions . story_separator_special_tag media library our media library asset represents the fair value of libraries of media acquired through business combinations , the purchase price of media rights to both video and audio titles , and the capitalized cost to produce media products , all of which we market to retailers and to e-commerce and subscription customers . we amortize the fair value of acquired or purchased media titles and content on a straight-line basis over succeeding periods on the basis of their estimated useful lives . we defer capitalized production costs for financial reporting purposes until the media is released , and then amortize these costs over succeeding periods on the basis of estimated sales . historical sales statistics are the principal factor used in estimating the amortization rate . if the actual useful life or the actual sales of our media are significantly different from our estimates that could adversely impact our operating results . revenue we recognize revenue in our gaiam brand segment when the goods are shipped to the customer and collection is either probable or has occurred . the amount of revenue recognized is net of estimated returns and other chargebacks ( or channel credits ) , which are estimated using historical return and credit rates . if the actual amount of returns and chargebacks were to vary significantly from our estimates , it could materially impact our results of operations in subsequent periods . we recognize amounts billed to customers for postage and handling as revenue at the same time we recognize the revenue arising from the product sale . travel revenues are recognized in the period which the trip begins . we recognize revenue in our gaiam tv segment ratably over the subscription period after collection has occurred . we present revenue net of taxes collected from customers . share-based compensation we measure compensation cost at the grant date based on the fair value of the award and recognize compensation cost upon the probable attainment of a specified performance condition over the estimated performance period or for time based awards over the service period . we use the black-scholes option valuation model to estimate the grant date fair value . in estimating this fair value , there are certain assumptions that we use , as disclosed in note 11. share-based compensation , consisting of the expected life of the option , risk-free interest rate , dividend yield , and volatility . the use of a different estimate for any one of these components could have a material impact on the amount of calculated compensation expense . long-lived assets we evaluate the carrying value of long-lived assets held and used , other than goodwill , when events or changes in circumstances indicate the carrying value may not be recoverable . we consider the carrying value of a long-lived asset impaired when the total projected undiscounted cash flows from the asset are separately identifiable and are less than the carrying value . we recognize a loss based on the amount by which the carrying value exceeds the estimated fair value of the long-lived asset . we determine the estimated fair value primarily using the projected cash flows from the asset discounted at a rate commensurate with the risk involved . deferred tax assets due to historical operating losses , we recorded a full valuation allowance on our deferred tax assets at the end of 2013 and therefore recorded an associated tax expense of $ 23.2 million . we have continued to maintain a full valuation allowance during 2014. we continue to be optimistic about our future , and expect to return to operating profitability . when that happens , we expect to reverse the valuation allowance and record the related tax benefit for future use of our net operation loss carryforwards we expect to realize . 21 liquidity and capital resources our capital needs arise from working capital required to fund operations , capital expenditures related to acquisition and development of media content , development and marketing of our e-commerce and digital platforms and new products , acquisitions of new businesses , replacements , expansions and improvements to our infrastructure , and future growth . these capital requirements depend on numerous factors , including the rate of market acceptance of our product offerings , our ability to expand our customer base , the cost of ongoing upgrades to our product offerings , the level of expenditures for sales and marketing , the level of investment in distribution systems and facilities and other factors . the timing and amount of these capital requirements are variable and we can not accurately predict them . additionally , we will continue to pursue opportunities to expand our media libraries , evaluate possible investments in businesses , products and technologies , and increase our sales and marketing programs and brand promotions as needed . at december 31 , 2014 , our cash balance was $ 15.8 million . including our investment in gaiam tv , we estimate that our capital expenditures will total approximately $ 6.0 million for 2015 , which will be funded through cash flow from operations . we currently have a shelf registration with the securities and exchange commission for 5,000,000 shares of our class a common stock and to date no shares have been issued under this shelf registration . in the normal course of our business , we investigate , evaluate and discuss acquisition , joint venture , minority investment , strategic relationship and other business combination opportunities in our market . for any future investment , acquisition or joint venture opportunities , we may consider using then-available liquidity , issuing equity securities or incurring additional indebtedness . while there can be no assurances , we believe our cash on hand , cash expected to be generated from future operations , cash that could be raised by the sale of our shelf registration stock or from new credit facilities would be sufficient to fund our operations on both

