greenpro provides a range of services as a package solution ( the “ package solution ” ) to our clients and we believe that our clients can reduce their business costs and improve their revenues . in addition to our business solution services , we also operate a venture capital business through greenpro venture capital limited , an anguilla corporation . one of our venture capital business segments focuses on ( 1 ) establishing a business incubator for start-up and high growth companies to support such companies during critical growth periods , which will include education and support services , and ( 2 ) searching the investment opportunities in selected start-up and high growth companies , which may generate significant returns to the company . our venture capital business focuses on companies located in south-east asia and east asia , including hong kong , malaysia , china , thailand and singapore . another venture capital business segment focuses on rental activities of commercial properties and the sale of investment properties . results of operations for information regarding our controls and procedures , see part ii , item 9a - controls and procedures , of this annual report . during the years ended december 31 , 2020 and 2019 , we operated in three regions : hong kong , malaysia and china . we derived revenues from rental activities of our commercial properties , sale of properties , and the provision of services . a table further describing our revenue and cost of revenues is set forth below : replace_table_token_2_th 32 comparison of the years ended december 31 , 2020 and 2019 total revenues total revenue was $ 2,254,811 and $ 4,484,822 for the years ended december 31 , 2020 and 2019 , respectively . the decrease of $ 2,230,011 was primarily due to a decrease in the revenue of business services . we expect revenue from our business services segment to decrease in the next few months due to the impact of the covid-19 pandemic . service business revenue revenue from the provision of business services was $ 1,876,954 and $ 4,201,601 for the years ended december 31 , 2020 and 2019 , respectively . it was derived principally from the provision of business consulting and advisory services as well as company secretarial , accounting and financial analysis services . we experienced a decrease in service income as a result of fewer service orders placed from clients during the period due to the impact of the covid-19 pandemic . real estate business rental revenue revenue from rentals was $ 124,128 and $ 93,699 for the years ended december 31 , 2020 and 2019 , respectively . it was derived principally from leasing properties in malaysia and hong kong . we believe our rental income will be stable in the near future . sale of properties for the year ended december 31 , 2020 , revenue from the sale of properties was $ 253,729 , which was derived from the sale of one property located in hong kong . for the year ended december 31 , 2019 , there was revenue of $ 189,522 generated from the sale of one property located in hong kong . as opportunities permit , management expects to continue to purchase and sell commercial real estate in the near future . accordingly , we expect revenue and costs attributable to the sale of properties to fluctuate on a going forward basis . 33 total operating costs and expenses total operating costs and expenses were $ 5,160,386 and $ 6,075,907 for the years ended december 31 , 2020 and 2019 , respectively . they consist of cost of service revenue , cost of real estate properties sold , cost of rental revenue , general and administrative , and impairment of other receivables . loss from operations for the company for the years ended december 31 , 2020 and 2019 was $ 2,905,575 and $ 1,591,085 , respectively . the increase in a loss from operations was mainly due to a decrease in service revenue of $ 2,324,647. cost of service revenue cost of revenue for provision of services was $ 338,683 and $ 1,191,301 for the years ended december 31 , 2020 and 2019 , respectively . it primarily consists of employee compensation and related payroll benefits , company formation cost and other professional fees directly attributable to cost related to the services rendered . 34 cost of real estate properties sold cost of revenue on properties sold was $ 210,616 and $ 137,205 for the years ended december 31 , 2020 and 2019 , respectively . it primarily consists of the purchase price of property , legal fees , improvement costs to the building structure , and other acquisition costs . selling and advertising costs are expensed as incurred . cost of rental revenue cost of rental revenue was $ 50,114 and $ 48,281 for the years ended december 31 , 2020 and 2019 , respectively . it includes the costs associated with taxes , repairs and maintenance , property insurance , depreciation and other related administrative costs . property management fee and utility expenses are paid directly by tenants . general and administrative general and administrative ( “ g & a ” ) expenses were $ 4,560,973 and $ 4,675,050 for the years ended december 31 , 2020 and 2019 , respectively . the general and administrative expenses consist primarily of salaries and wages of $ 1,586,754 , rent and rates of $ 319,481 , advertising and promotion of $ 567,567 , directors ' remuneration of $ 373,125 , consultancy fee of $ 378,161 , and audit , legal , and other professional fees of $ 455,362. we expect our g & a expenses will continue toincrease as we integrate our business acquisitions , expand our businesses and offices into new jurisdictions , and strengthen our existing businesses . story_separator_special_tag our related parties are mainly those companies in which greenpro venture capital limited or greenpro resources limited owns a certain percentage of the shares of such companies , or those companies that the company can exercise significant influence over those companies in making financial and operating policy decisions . some of the related parties are either controlled by or under common control of mr. loke che chan gilbert or mr. lee chong kuang , directors of the company . one of the related parties is controlled by ms. chen yanhong , a director of some of our subsidiaries . critical accounting policies and estimates use of estimates the preparation of financial statements in conformity with u.s. generally accepted accounting principles requires management to make estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent liabilities at the date of the financial statements , and the reported amounts of revenues and expenses during the reporting period . significant accounting estimates include certain assumptions related to , among others , the allowance for doubtful accounts receivable , impairment analysis of real estate assets and other long-term assets including goodwill , valuation allowance on deferred income taxes , and the accrual of potential liabilities . actual results may differ from these estimates . revenue recognition the company follows the guidance of accounting standards codification ( asc ) 606 , revenue from contracts . asc 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts , which includes ( 1 ) identifying the contracts or agreements with a customer , ( 2 ) identifying our performance obligations in the contract or agreement , ( 3 ) determining the transaction price , ( 4 ) allocating the transaction price to the separate performance obligations , and ( 5 ) recognizing revenue as each performance obligation is satisfied . the company only applies the five-step model to contracts when it is probable that the company will collect the consideration it is entitled to in exchange for the services it transfers to its clients . the company 's revenue consists of revenue from providing business consulting and corporate advisory services ( “ service revenue ” ) , revenue from the sale of real estate properties , and revenue from the rental of real estate properties . impairment of long-lived assets long-lived assets primarily include real estate held for investment , real estate held for use , and equipment and intangible assets . in accordance with the provision of asc 360 , the company generally conducts its annual impairment evaluation to its long-lived assets , usually in the fourth quarter of each year , or more frequently if indicators of impairment exist , such as a significant sustained change in the business climate . the recoverability of long-lived assets is measured at the reporting unit level . if the total of the expected undiscounted future net cash flows is less than the carrying amount of the asset , a loss is recognized for the difference between the fair value and carrying amount of the asset . 37 recent accounting pronouncements refer to note 1 in the accompanying financial statements . story_separator_special_tag style= `` font-family : times new roman , times , serif ; font-size : 10pt `` > financing activities net cash provided by financing activities was $ 1,502,735 and $ 381,798 for the year ended december 31 , 2020 and 2019 , respectively . the cash provided by financing activities was mainly by net cash proceeds from convertible promissory notes of $ 1,470,000 in 2020. net cash provided by financing activities was mainly resulted from a short-term loan proceeds of $ 385,158 in 2019. below is the tabular summary of the financing activities of the company during 2020 and 2019 : replace_table_token_4_th 1. the company issued 8,602 shares of restricted common stock at a price of $ 4.80 per share for aggregate gross proceeds of $ 41,290 , plus cash of $ 129,032 for the acquisition of 100 % of the shareholdings of sparkle insurance brokers limited ( renamed to greenpro sparkle insurance brokers limited on april 4 , 2019 ) . 2. the company issued 4,444,444 shares of restricted common stock at a price of $ 0.90 per share , or a total of $ 4,000,000 , to acquire a 4 % interest in a 12.3-kilogram carved natural blue sapphire ( the “ millennium sapphire ” ) . 3. the company issued 35,000 shares of restricted common stock at a price of $ 1.00 per share , or a total of $ 35,000 , to settle a marketing expense to a marketing service provider , corporateads , llc ( “ corporateads ” ) . 4. the company issued 457,312 shares of restricted common stock at a price of $ 1.64 per share , or a total of $ 749,992 , to acquire 15 % equity interests in ata plus sdn . bhd ( “ apsb ” ) . 5. the company issued and sold 50,000 shares of restricted common stock in a private placement to mr. seah kok wah at a price of $ 1.10 per share for cash proceeds of $ 55,000 . 6. the company issued and sold 145,455 shares of restricted common stock in a private placement to ag opportunities fund spc-ag pre-ipo fund sp1 at a price of $ 1.10 per share for cash proceeds of $ 160,000 . 7. the company issued 257,591 shares of restricted common stock at a price of $ 1.596 per share , or a total of $ 411,120 , to acquire 18 % equity interests in new business media sdn . bhd ( “ nbmsb ” ) . 8. the company issued 200,000 shares of restricted common stock at a price of $ 1.567 per share , or a total of $ 313,400 , to settle a marketing expense to an investor relations agent , mr. dennis burns . 9. the company issued

liquidity and capital resources as of december 31 , 2020 , we had working capital deficiency of $ 3,411,175 as compared to working capital deficiency of $ 2,078,026 as of december 31 , 2019. as of december 31 , 2020 , we had total current assets of $ 1,612,113 consisting of cash and cash equivalents of $ 1,086,753 , accounts receivable of $ 191,490 , prepaids and other current assets of $ 190,304 , amounts due from related parties of $ 62,320 and deferred costs of revenue of $ 81,246 , compared to total current assets of $ 1,798,245 as of december 31 , 2019. we had current liabilities of $ 5,023,288 mainly consisting of amounts due to related parties of $ 1,108,641 , accounts payable and accrued liabilities of $ 702,726 , deferred revenue of $ 1,634,075 and derivative liabilities of $ 1,189,786 as of december 31 , 2020 , compared to total current liabilities of $ 3,876,271 as of december 31 , 2019. the company 's net losses were $ 3,752,953 and $ 1,349,478 for the year ended december 31 , 2020 and 2019 , respectively . the increase in net loss was mainly due to a decrease in service revenue of $ 2,324,647. for the year ended december 31 , 2020 , the company incurred a net loss of $ 3,752,953 and used cash in operating activities of $ 1,567,758 , and at december 31 , 2020 , the company had a working capital deficiency of $ 3,411,175. these factors raise substantial doubt about the company 's ability tocontinue as a going concern within one year of the date that the financial statements are issued .


 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 december 31 , 2020 , we had working capital deficiency of $ 3,411,175 as compared to working capital deficiency of $ 2,078,026 as of december 31 , 2019. as of december 31 , 2020 , we had total current assets of $ 1,612,113 consisting of cash and cash equivalents of $ 1,086,753 , accounts receivable of $ 191,490 , prepaids and other current assets of $ 190,304 , amounts due from related parties of $ 62,320 and deferred costs of revenue of $ 81,246 , compared to total current assets of $ 1,798,245 as of december 31 , 2019. we had current liabilities of $ 5,023,288 mainly consisting of amounts due to related parties of $ 1,108,641 , accounts payable and accrued liabilities of $ 702,726 , deferred revenue of $ 1,634,075 and derivative liabilities of $ 1,189,786 as of december 31 , 2020 , compared to total current liabilities of $ 3,876,271 as of december 31 , 2019. the company 's net losses were $ 3,752,953 and $ 1,349,478 for the year ended december 31 , 2020 and 2019 , respectively . the increase in net loss was mainly due to a decrease in service revenue of $ 2,324,647. for the year ended december 31 , 2020 , the company incurred a net loss of $ 3,752,953 and used cash in operating activities of $ 1,567,758 , and at december 31 , 2020 , the company had a working capital deficiency of $ 3,411,175. these factors raise substantial doubt about the company 's ability tocontinue as a going concern within one year of the date that the financial statements are issued .
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 Suspicious Activity Report : greenpro provides a range of services as a package solution ( the “ package solution ” ) to our clients and we believe that our clients can reduce their business costs and improve their revenues . in addition to our business solution services , we also operate a venture capital business through greenpro venture capital limited , an anguilla corporation . one of our venture capital business segments focuses on ( 1 ) establishing a business incubator for start-up and high growth companies to support such companies during critical growth periods , which will include education and support services , and ( 2 ) searching the investment opportunities in selected start-up and high growth companies , which may generate significant returns to the company . our venture capital business focuses on companies located in south-east asia and east asia , including hong kong , malaysia , china , thailand and singapore . another venture capital business segment focuses on rental activities of commercial properties and the sale of investment properties . results of operations for information regarding our controls and procedures , see part ii , item 9a - controls and procedures , of this annual report . during the years ended december 31 , 2020 and 2019 , we operated in three regions : hong kong , malaysia and china . we derived revenues from rental activities of our commercial properties , sale of properties , and the provision of services . a table further describing our revenue and cost of revenues is set forth below : replace_table_token_2_th 32 comparison of the years ended december 31 , 2020 and 2019 total revenues total revenue was $ 2,254,811 and $ 4,484,822 for the years ended december 31 , 2020 and 2019 , respectively . the decrease of $ 2,230,011 was primarily due to a decrease in the revenue of business services . we expect revenue from our business services segment to decrease in the next few months due to the impact of the covid-19 pandemic . service business revenue revenue from the provision of business services was $ 1,876,954 and $ 4,201,601 for the years ended december 31 , 2020 and 2019 , respectively . it was derived principally from the provision of business consulting and advisory services as well as company secretarial , accounting and financial analysis services . we experienced a decrease in service income as a result of fewer service orders placed from clients during the period due to the impact of the covid-19 pandemic . real estate business rental revenue revenue from rentals was $ 124,128 and $ 93,699 for the years ended december 31 , 2020 and 2019 , respectively . it was derived principally from leasing properties in malaysia and hong kong . we believe our rental income will be stable in the near future . sale of properties for the year ended december 31 , 2020 , revenue from the sale of properties was $ 253,729 , which was derived from the sale of one property located in hong kong . for the year ended december 31 , 2019 , there was revenue of $ 189,522 generated from the sale of one property located in hong kong . as opportunities permit , management expects to continue to purchase and sell commercial real estate in the near future . accordingly , we expect revenue and costs attributable to the sale of properties to fluctuate on a going forward basis . 33 total operating costs and expenses total operating costs and expenses were $ 5,160,386 and $ 6,075,907 for the years ended december 31 , 2020 and 2019 , respectively . they consist of cost of service revenue , cost of real estate properties sold , cost of rental revenue , general and administrative , and impairment of other receivables . loss from operations for the company for the years ended december 31 , 2020 and 2019 was $ 2,905,575 and $ 1,591,085 , respectively . the increase in a loss from operations was mainly due to a decrease in service revenue of $ 2,324,647. cost of service revenue cost of revenue for provision of services was $ 338,683 and $ 1,191,301 for the years ended december 31 , 2020 and 2019 , respectively . it primarily consists of employee compensation and related payroll benefits , company formation cost and other professional fees directly attributable to cost related to the services rendered . 34 cost of real estate properties sold cost of revenue on properties sold was $ 210,616 and $ 137,205 for the years ended december 31 , 2020 and 2019 , respectively . it primarily consists of the purchase price of property , legal fees , improvement costs to the building structure , and other acquisition costs . selling and advertising costs are expensed as incurred . cost of rental revenue cost of rental revenue was $ 50,114 and $ 48,281 for the years ended december 31 , 2020 and 2019 , respectively . it includes the costs associated with taxes , repairs and maintenance , property insurance , depreciation and other related administrative costs . property management fee and utility expenses are paid directly by tenants . general and administrative general and administrative ( “ g & a ” ) expenses were $ 4,560,973 and $ 4,675,050 for the years ended december 31 , 2020 and 2019 , respectively . the general and administrative expenses consist primarily of salaries and wages of $ 1,586,754 , rent and rates of $ 319,481 , advertising and promotion of $ 567,567 , directors ' remuneration of $ 373,125 , consultancy fee of $ 378,161 , and audit , legal , and other professional fees of $ 455,362. we expect our g & a expenses will continue toincrease as we integrate our business acquisitions , expand our businesses and offices into new jurisdictions , and strengthen our existing businesses . story_separator_special_tag our related parties are mainly those companies in which greenpro venture capital limited or greenpro resources limited owns a certain percentage of the shares of such companies , or those companies that the company can exercise significant influence over those companies in making financial and operating policy decisions . some of the related parties are either controlled by or under common control of mr. loke che chan gilbert or mr. lee chong kuang , directors of the company . one of the related parties is controlled by ms. chen yanhong , a director of some of our subsidiaries . critical accounting policies and estimates use of estimates the preparation of financial statements in conformity with u.s. generally accepted accounting principles requires management to make estimates and assumptions relating to the reporting of assets and liabilities and the disclosure of contingent liabilities at the date of the financial statements , and the reported amounts of revenues and expenses during the reporting period . significant accounting estimates include certain assumptions related to , among others , the allowance for doubtful accounts receivable , impairment analysis of real estate assets and other long-term assets including goodwill , valuation allowance on deferred income taxes , and the accrual of potential liabilities . actual results may differ from these estimates . revenue recognition the company follows the guidance of accounting standards codification ( asc ) 606 , revenue from contracts . asc 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts , which includes ( 1 ) identifying the contracts or agreements with a customer , ( 2 ) identifying our performance obligations in the contract or agreement , ( 3 ) determining the transaction price , ( 4 ) allocating the transaction price to the separate performance obligations , and ( 5 ) recognizing revenue as each performance obligation is satisfied . the company only applies the five-step model to contracts when it is probable that the company will collect the consideration it is entitled to in exchange for the services it transfers to its clients . the company 's revenue consists of revenue from providing business consulting and corporate advisory services ( “ service revenue ” ) , revenue from the sale of real estate properties , and revenue from the rental of real estate properties . impairment of long-lived assets long-lived assets primarily include real estate held for investment , real estate held for use , and equipment and intangible assets . in accordance with the provision of asc 360 , the company generally conducts its annual impairment evaluation to its long-lived assets , usually in the fourth quarter of each year , or more frequently if indicators of impairment exist , such as a significant sustained change in the business climate . the recoverability of long-lived assets is measured at the reporting unit level . if the total of the expected undiscounted future net cash flows is less than the carrying amount of the asset , a loss is recognized for the difference between the fair value and carrying amount of the asset . 37 recent accounting pronouncements refer to note 1 in the accompanying financial statements . story_separator_special_tag style= `` font-family : times new roman , times , serif ; font-size : 10pt `` > financing activities net cash provided by financing activities was $ 1,502,735 and $ 381,798 for the year ended december 31 , 2020 and 2019 , respectively . the cash provided by financing activities was mainly by net cash proceeds from convertible promissory notes of $ 1,470,000 in 2020. net cash provided by financing activities was mainly resulted from a short-term loan proceeds of $ 385,158 in 2019. below is the tabular summary of the financing activities of the company during 2020 and 2019 : replace_table_token_4_th 1. the company issued 8,602 shares of restricted common stock at a price of $ 4.80 per share for aggregate gross proceeds of $ 41,290 , plus cash of $ 129,032 for the acquisition of 100 % of the shareholdings of sparkle insurance brokers limited ( renamed to greenpro sparkle insurance brokers limited on april 4 , 2019 ) . 2. the company issued 4,444,444 shares of restricted common stock at a price of $ 0.90 per share , or a total of $ 4,000,000 , to acquire a 4 % interest in a 12.3-kilogram carved natural blue sapphire ( the “ millennium sapphire ” ) . 3. the company issued 35,000 shares of restricted common stock at a price of $ 1.00 per share , or a total of $ 35,000 , to settle a marketing expense to a marketing service provider , corporateads , llc ( “ corporateads ” ) . 4. the company issued 457,312 shares of restricted common stock at a price of $ 1.64 per share , or a total of $ 749,992 , to acquire 15 % equity interests in ata plus sdn . bhd ( “ apsb ” ) . 5. the company issued and sold 50,000 shares of restricted common stock in a private placement to mr. seah kok wah at a price of $ 1.10 per share for cash proceeds of $ 55,000 . 6. the company issued and sold 145,455 shares of restricted common stock in a private placement to ag opportunities fund spc-ag pre-ipo fund sp1 at a price of $ 1.10 per share for cash proceeds of $ 160,000 . 7. the company issued 257,591 shares of restricted common stock at a price of $ 1.596 per share , or a total of $ 411,120 , to acquire 18 % equity interests in new business media sdn . bhd ( “ nbmsb ” ) . 8. the company issued 200,000 shares of restricted common stock at a price of $ 1.567 per share , or a total of $ 313,400 , to settle a marketing expense to an investor relations agent , mr. dennis burns . 9. the company issued

