from time-to-time , cw-bahamas has experienced delays in collecting its accounts receivable . representatives of the bahamas government have informed us that their previous delays in paying our accounts receivables did not reflect any type of dispute with us with respect to the amounts owed . to date , we have not been required to provide an allowance for any delinquent cw-bahamas accounts receivable as such amounts were eventually paid in full . based upon our experience , we believe that the accounts receivable from the wsc are fully collectible and therefore have not provided any allowance for possible non-payment of these receivables . our accounts receivable balances due from the bahamas government amounted to $ 9.0 million and $ 11.0 million , at december 31 , 2017 and 2016 , respectively . belize cw-belize was acquired on july 21 , 2000 and consists of one reverse osmosis seawater conversion plant on ambergris caye , belize , capable of producing 600,000 gallons per day . we sell water to one customer , belize water services limited , which then distributes the water through its own distribution system to residential , commercial and tourist properties on ambergris caye . transfers of funds held by our subsidiary cw-belize to our parent company , which are accomplished by means of conversion of belize dollars into u.s. dollars , require the approval of the central bank of belize and are dependent on the amount of u.s. dollars available to belize banks to execute such transfers . weakness in the belize economy and other factors have reduced the amount of u.s. dollars that belize banks have available for transfer , which has limited the amount of funds we are presently able to transfer from cw-belize . our repatriations of funds from cw-belize to our parent company amounted to $ 458,000 and $ 400,000 in 2017 and 2016 , respectively , significantly less than the net income and net cash flows cw-belize generated for those years . as of december 31 , 2017 and 2016 , the equivalent u.s. dollar cash amounts for our bank account deposits in belize were approximately $ 6.3 million and $ 4.9 million , respectively . critical accounting estimates the preparation of consolidated financial statements in conformity with accounting principles generally accepted in the united states of america requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period . our actual results could differ significantly from such estimates and assumptions . 29 certain of our accounting estimates or assumptions constitute “ critical accounting estimates ” for us because : · the nature of these estimates or assumptions is material due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change ; and · the impact of the estimates and assumptions on financial condition and results of operations is material . our critical accounting estimates relate to the valuations of our ( i ) goodwill and intangible assets ; and ( ii ) long-lived assets . goodwill and intangible assets goodwill represents the excess cost over the fair value of the assets of an acquired business . goodwill and intangible assets acquired in a business combination accounted for as a purchase and determined to have an indefinite useful life are not amortized but are tested for impairment at least annually . intangible assets with estimable useful lives are amortized over their respective estimated useful lives to their estimated residual values and reviewed periodically for impairment . we evaluate the possible impairment of goodwill annually as part of our reporting process for the fourth quarter of each fiscal year . management identifies our reporting units , which consist of our retail , bulk and manufacturing operations , and determines the carrying value of each reporting unit by assigning the assets and liabilities , including the existing goodwill and intangible assets , to those reporting units . we determine the fair value of each reporting unit and compare these fair values to the carrying amounts of the reporting units . to the extent the carrying amount of the reporting unit exceeds the fair value of the reporting unit , an impairment loss is recorded . for the years ended december 31 , 2017 and 2016 , we estimated the fair value of our reporting units by applying the discounted cash flow method , the guideline public company method , and the mergers and acquisitions method . the discounted cash flow method relied upon seven-year discrete projections of operating results , working capital and capital expenditures , along with a terminal value subsequent to the discrete period . these seven-year projections were based upon historical and anticipated future results , general economic and market conditions , and considered the impact of planned business and operational strategies . the discount rates for the calculations represented the estimated cost of capital for market participants at the time of each analysis . we also estimated the fair value of each of our reporting units for the years ended december 31 , 2017 and 2016 through reference to the guideline companies and the market multiples implied by guideline merger and acquisition transactions . we weighted the fair values estimated for each of our reporting units under each method and summed such weighted fair values to estimate the overall fair value for each reporting unit . story_separator_special_tag the increase in revenues from 2016 to 2017 reflects the additional period of manufacturing activity in 2017 as compared to 2016 due to the acquisition of aerex on february 11 , 2016 and an increase in the average dollar value of manufacturing contracts . manufacturing segment gross profit was $ 2,026,534 ( 29 % of revenues ) and $ 796,450 ( 20 % of revenues ) for 2017 and 2016 , respectively . gross profit for 2017 increased in dollars from 2016 due to the incremental revenues . g & a expenses for the manufacturing segment were $ 2,646,504 and $ 2,308,607. manufacturing g & a expenses increased in 2017 from 2016 due to an increase of approximately $ 202,000 in project development expenses incurred for 2017. losses on long-lived asset impairments and dispositions , net for the manufacturing segment were ( $ 1,400,000 ) and ( $ 1,754,402 ) for 2017 and 2016 , respectively , due to the goodwill impairment losses of ( $ 1,400,000 ) and ( $ 1,750,000 ) recorded in 2017 and 2016 , respectively . 33 year ended december 31 , 2016 compared to year ended december 31 , 2015 consolidated results net income attributable to consolidated water co. ltd. stockholders for 2016 was $ 3,960,501 , ( $ 0.27 per share on a fully-diluted basis ) , as compared to $ 7,518,701 ( $ 0.51 per share on a fully-diluted basis ) for 2015. total revenues for 2016 and 2015 were $ 57,875,707 and $ 57,116,202 , respectively . higher revenues for our retail and services segments in 2016 served to offset a decrease in the bulk segment revenues . gross profit for 2016 was $ 24,250,886 or 42 % of total revenues , as compared to $ 23,308,220 or 41 % of total revenues , for 2015. gross profit for the retail and services segments increased from 2015 to 2016 while bulk segment gross profit remained relatively consistent . for further discussion of revenues and gross profit for 2016 , see the “ results by segment ” analysis that follows . we recorded an impairment loss of ( $ 2.0 million ) in 2016 to reduce the carrying value of cw-bali 's long-lived assets to their estimated fair value . we recorded an impairment loss of ( $ 1.8 million ) in 2016 to reduce the carrying value of the goodwill associated with the aerex acquisition . g & a expenses on a consolidated basis were $ 18,677,584 and $ 14,840,156 for 2016 and 2015 , respectively . the increase in consolidated g & a expenses from 2015 to 2016 is primarily attributable to the addition of approximately $ 2,309,000 in expenses for aerex after our acquisition of a 51 % ownership interest in this company in february 2016 and an increase of approximately $ 1,036,000 in the expenses incurred in connection with the project development activities of our mexican subsidiaries . other income ( expense ) , net for 2016 was $ 103,573 as compared to ( $ 510,004 ) for 2015. the fluctuation in this net component of our results of operations reflects ( i ) interest income that was approximately $ 404,000 less in 2016 than 2015 due to a decrease in interest earning deposit and loan receivable balances ( ii ) an impairment loss recorded for our equity investment in oc-bvi in 2016 of ( $ 925,000 ) as compared to an impairment loss of ( $ 1.6 million ) for this investment in 2015 ; ( iii ) an unrealized loss of ( $ 297,000 ) recorded in 2016 resulting from the revaluation of the net put/call option value recorded in connection with the aerex acquisition ; and ( iv ) foreign currency gains relating to cw-bali of approximately $ 201,000 in 2016 , as compared to foreign currency losses relating to cw-bali of approximately ( $ 346,000 ) in 2015. results by segment retail segment : the retail segment generated a loss from operations of ( $ 202,787 ) in 2016 as compared to income from operations of $ 1,582,270 in 2015. the loss from operations for 2016 is attributable to an impairment loss recorded in 2016 on the long-lived assets of cw-bali , as discussed in paragraphs that follow . revenues generated by our retail water operations were $ 23,505,619 in 2016 as compared to $ 23,254,757 in 2015. the volume of water sold by our cayman water retail operations increased by 12 % from 2015 to 2016 which served to offset ( i ) lower energy costs , which reduced the energy component of the rates we charge to our cayman water customers by $ 818,771 from 2015 ; ( ii ) a reduction in cayman water base rates in the first quarter of 2016 of 4.4 % from 2015 ; and ( iii ) a decrease in sales for cw-bali of approximately $ 277,000. retail segment gross profit was $ 13,211,321 ( 56 % of retail revenues ) and $ 12,710,785 ( 55 % of retail revenues ) for 2016 and 2015 , respectively . consistent with prior periods , we record all non-direct g & a expenses in our retail segment and do not allocate any of these non-direct expenses to our other two business segments . retail g & a expenses for 2016 and 2015 remained relatively consistent at $ 11,460,165 and $ 11,095,349 , respectively . through our subsidiary , cw-bali , we built a seawater reverse osmosis plant located in nusa dua , one of the primary tourist areas of bali , indonesia . we built this plant based upon our belief that future water shortages in this area of bali would eventually enable us to sell all of this plant 's production . however , the sales volumes for its plant have not been sufficient to cover its operating costs and cw-bali has incurred net losses each year since the inception of its operations in 2013. in late

liquidity and capital resources liquidity position our projected liquidity requirements for 2018 include capital expenditures for our existing operations of approximately $ 18.7 million ( primarily for capital improvements to the windsor plant in the bahamas and for the expansion of the acww plant in grand cayman ) , dividends payable of approximately $ 1.3 million and approximately $ 1.4 million to be expended for nsc 's and adr 's project development activities . our liquidity requirements for 2018 may also include future quarterly dividends , if such dividends are declared by our board . our dividend payments amounted to approximately $ 4.5 million for the year ended december 31 , 2017 and approximately $ 4.6 million for the year ended december 31 , 2016 . 35 in february 2016 , we purchased 51 % of the equity ownership of aerex , a u.s. original equipment manufacturer and service provider of a wide range of products and services applicable to industrial , commercial and municipal water treatment , for $ 7.7 million in cash . immediately following our acquisition of aerex , we and the former sole shareholder of aerex loaned aerex $ 510,000 and $ 490,000 , respectively , in the form of notes payable which were scheduled to mature on june 30 , 2017 and bore interest at 1 % per annum . these notes payable were repaid in april 2017. in february 2017 , we and the former sole shareholder of aerex loaned aerex $ 408,000 and $ 392,000 , respectively , in the form of notes payable which mature on september 30 , 2017 and bear interest at 1 % per annum .


 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 liquidity position our projected liquidity requirements for 2018 include capital expenditures for our existing operations of approximately $ 18.7 million ( primarily for capital improvements to the windsor plant in the bahamas and for the expansion of the acww plant in grand cayman ) , dividends payable of approximately $ 1.3 million and approximately $ 1.4 million to be expended for nsc 's and adr 's project development activities . our liquidity requirements for 2018 may also include future quarterly dividends , if such dividends are declared by our board . our dividend payments amounted to approximately $ 4.5 million for the year ended december 31 , 2017 and approximately $ 4.6 million for the year ended december 31 , 2016 . 35 in february 2016 , we purchased 51 % of the equity ownership of aerex , a u.s. original equipment manufacturer and service provider of a wide range of products and services applicable to industrial , commercial and municipal water treatment , for $ 7.7 million in cash . immediately following our acquisition of aerex , we and the former sole shareholder of aerex loaned aerex $ 510,000 and $ 490,000 , respectively , in the form of notes payable which were scheduled to mature on june 30 , 2017 and bore interest at 1 % per annum . these notes payable were repaid in april 2017. in february 2017 , we and the former sole shareholder of aerex loaned aerex $ 408,000 and $ 392,000 , respectively , in the form of notes payable which mature on september 30 , 2017 and bear interest at 1 % per annum .
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 Suspicious Activity Report : from time-to-time , cw-bahamas has experienced delays in collecting its accounts receivable . representatives of the bahamas government have informed us that their previous delays in paying our accounts receivables did not reflect any type of dispute with us with respect to the amounts owed . to date , we have not been required to provide an allowance for any delinquent cw-bahamas accounts receivable as such amounts were eventually paid in full . based upon our experience , we believe that the accounts receivable from the wsc are fully collectible and therefore have not provided any allowance for possible non-payment of these receivables . our accounts receivable balances due from the bahamas government amounted to $ 9.0 million and $ 11.0 million , at december 31 , 2017 and 2016 , respectively . belize cw-belize was acquired on july 21 , 2000 and consists of one reverse osmosis seawater conversion plant on ambergris caye , belize , capable of producing 600,000 gallons per day . we sell water to one customer , belize water services limited , which then distributes the water through its own distribution system to residential , commercial and tourist properties on ambergris caye . transfers of funds held by our subsidiary cw-belize to our parent company , which are accomplished by means of conversion of belize dollars into u.s. dollars , require the approval of the central bank of belize and are dependent on the amount of u.s. dollars available to belize banks to execute such transfers . weakness in the belize economy and other factors have reduced the amount of u.s. dollars that belize banks have available for transfer , which has limited the amount of funds we are presently able to transfer from cw-belize . our repatriations of funds from cw-belize to our parent company amounted to $ 458,000 and $ 400,000 in 2017 and 2016 , respectively , significantly less than the net income and net cash flows cw-belize generated for those years . as of december 31 , 2017 and 2016 , the equivalent u.s. dollar cash amounts for our bank account deposits in belize were approximately $ 6.3 million and $ 4.9 million , respectively . critical accounting estimates the preparation of consolidated financial statements in conformity with accounting principles generally accepted in the united states of america requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period . our actual results could differ significantly from such estimates and assumptions . 29 certain of our accounting estimates or assumptions constitute “ critical accounting estimates ” for us because : · the nature of these estimates or assumptions is material due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change ; and · the impact of the estimates and assumptions on financial condition and results of operations is material . our critical accounting estimates relate to the valuations of our ( i ) goodwill and intangible assets ; and ( ii ) long-lived assets . goodwill and intangible assets goodwill represents the excess cost over the fair value of the assets of an acquired business . goodwill and intangible assets acquired in a business combination accounted for as a purchase and determined to have an indefinite useful life are not amortized but are tested for impairment at least annually . intangible assets with estimable useful lives are amortized over their respective estimated useful lives to their estimated residual values and reviewed periodically for impairment . we evaluate the possible impairment of goodwill annually as part of our reporting process for the fourth quarter of each fiscal year . management identifies our reporting units , which consist of our retail , bulk and manufacturing operations , and determines the carrying value of each reporting unit by assigning the assets and liabilities , including the existing goodwill and intangible assets , to those reporting units . we determine the fair value of each reporting unit and compare these fair values to the carrying amounts of the reporting units . to the extent the carrying amount of the reporting unit exceeds the fair value of the reporting unit , an impairment loss is recorded . for the years ended december 31 , 2017 and 2016 , we estimated the fair value of our reporting units by applying the discounted cash flow method , the guideline public company method , and the mergers and acquisitions method . the discounted cash flow method relied upon seven-year discrete projections of operating results , working capital and capital expenditures , along with a terminal value subsequent to the discrete period . these seven-year projections were based upon historical and anticipated future results , general economic and market conditions , and considered the impact of planned business and operational strategies . the discount rates for the calculations represented the estimated cost of capital for market participants at the time of each analysis . we also estimated the fair value of each of our reporting units for the years ended december 31 , 2017 and 2016 through reference to the guideline companies and the market multiples implied by guideline merger and acquisition transactions . we weighted the fair values estimated for each of our reporting units under each method and summed such weighted fair values to estimate the overall fair value for each reporting unit . story_separator_special_tag the increase in revenues from 2016 to 2017 reflects the additional period of manufacturing activity in 2017 as compared to 2016 due to the acquisition of aerex on february 11 , 2016 and an increase in the average dollar value of manufacturing contracts . manufacturing segment gross profit was $ 2,026,534 ( 29 % of revenues ) and $ 796,450 ( 20 % of revenues ) for 2017 and 2016 , respectively . gross profit for 2017 increased in dollars from 2016 due to the incremental revenues . g & a expenses for the manufacturing segment were $ 2,646,504 and $ 2,308,607. manufacturing g & a expenses increased in 2017 from 2016 due to an increase of approximately $ 202,000 in project development expenses incurred for 2017. losses on long-lived asset impairments and dispositions , net for the manufacturing segment were ( $ 1,400,000 ) and ( $ 1,754,402 ) for 2017 and 2016 , respectively , due to the goodwill impairment losses of ( $ 1,400,000 ) and ( $ 1,750,000 ) recorded in 2017 and 2016 , respectively . 33 year ended december 31 , 2016 compared to year ended december 31 , 2015 consolidated results net income attributable to consolidated water co. ltd. stockholders for 2016 was $ 3,960,501 , ( $ 0.27 per share on a fully-diluted basis ) , as compared to $ 7,518,701 ( $ 0.51 per share on a fully-diluted basis ) for 2015. total revenues for 2016 and 2015 were $ 57,875,707 and $ 57,116,202 , respectively . higher revenues for our retail and services segments in 2016 served to offset a decrease in the bulk segment revenues . gross profit for 2016 was $ 24,250,886 or 42 % of total revenues , as compared to $ 23,308,220 or 41 % of total revenues , for 2015. gross profit for the retail and services segments increased from 2015 to 2016 while bulk segment gross profit remained relatively consistent . for further discussion of revenues and gross profit for 2016 , see the “ results by segment ” analysis that follows . we recorded an impairment loss of ( $ 2.0 million ) in 2016 to reduce the carrying value of cw-bali 's long-lived assets to their estimated fair value . we recorded an impairment loss of ( $ 1.8 million ) in 2016 to reduce the carrying value of the goodwill associated with the aerex acquisition . g & a expenses on a consolidated basis were $ 18,677,584 and $ 14,840,156 for 2016 and 2015 , respectively . the increase in consolidated g & a expenses from 2015 to 2016 is primarily attributable to the addition of approximately $ 2,309,000 in expenses for aerex after our acquisition of a 51 % ownership interest in this company in february 2016 and an increase of approximately $ 1,036,000 in the expenses incurred in connection with the project development activities of our mexican subsidiaries . other income ( expense ) , net for 2016 was $ 103,573 as compared to ( $ 510,004 ) for 2015. the fluctuation in this net component of our results of operations reflects ( i ) interest income that was approximately $ 404,000 less in 2016 than 2015 due to a decrease in interest earning deposit and loan receivable balances ( ii ) an impairment loss recorded for our equity investment in oc-bvi in 2016 of ( $ 925,000 ) as compared to an impairment loss of ( $ 1.6 million ) for this investment in 2015 ; ( iii ) an unrealized loss of ( $ 297,000 ) recorded in 2016 resulting from the revaluation of the net put/call option value recorded in connection with the aerex acquisition ; and ( iv ) foreign currency gains relating to cw-bali of approximately $ 201,000 in 2016 , as compared to foreign currency losses relating to cw-bali of approximately ( $ 346,000 ) in 2015. results by segment retail segment : the retail segment generated a loss from operations of ( $ 202,787 ) in 2016 as compared to income from operations of $ 1,582,270 in 2015. the loss from operations for 2016 is attributable to an impairment loss recorded in 2016 on the long-lived assets of cw-bali , as discussed in paragraphs that follow . revenues generated by our retail water operations were $ 23,505,619 in 2016 as compared to $ 23,254,757 in 2015. the volume of water sold by our cayman water retail operations increased by 12 % from 2015 to 2016 which served to offset ( i ) lower energy costs , which reduced the energy component of the rates we charge to our cayman water customers by $ 818,771 from 2015 ; ( ii ) a reduction in cayman water base rates in the first quarter of 2016 of 4.4 % from 2015 ; and ( iii ) a decrease in sales for cw-bali of approximately $ 277,000. retail segment gross profit was $ 13,211,321 ( 56 % of retail revenues ) and $ 12,710,785 ( 55 % of retail revenues ) for 2016 and 2015 , respectively . consistent with prior periods , we record all non-direct g & a expenses in our retail segment and do not allocate any of these non-direct expenses to our other two business segments . retail g & a expenses for 2016 and 2015 remained relatively consistent at $ 11,460,165 and $ 11,095,349 , respectively . through our subsidiary , cw-bali , we built a seawater reverse osmosis plant located in nusa dua , one of the primary tourist areas of bali , indonesia . we built this plant based upon our belief that future water shortages in this area of bali would eventually enable us to sell all of this plant 's production . however , the sales volumes for its plant have not been sufficient to cover its operating costs and cw-bali has incurred net losses each year since the inception of its operations in 2013. in late

