in many cases , the structure will include us holding title to or a priority or controlling position in the equipment or other asset . although the final composition of our portfolio can not be determined at this stage , we expect to invest in equipment and other assets that are considered essential use or core to a business or operation in the agricultural , energy , environmental , medical , manufacturing , technology , and transportation industries . our investment manager may identify other assets or industries that meet our investment objectives . we expect to invest in equipment , other assets and project financings located primarily within the united states of america and the european union but may also make investments in other parts of the world . we are currently in the liquidation period . the offering period concluded on april 2 , 2016 , which is three years from the date we were declared effective by the sec . during the operating period , we will invest most of the net proceeds from our offering in business-essential , revenue-producing ( or cost-saving ) equipment , other physical assets with substantial economic lives and , in many cases , associated revenue streams and project financings . the operating period began on the date of our initial closing , which occurred on may 29 , 2013 and concluded on may 29 , 2017. the liquidation period , which began on may 30 , 2017 , is the period in which we will sell our assets in the ordinary course of business and will last two years , unless it is extended , at the sole discretion of the general partner . our general partner , our investment manager and their affiliates , including securities in its capacity as our selling agent and certain non-affiliates ( namely , selling dealers ) received fees and compensation from the offering of our units , including the following , with any and all compensation paid to our general partner solely in cash . we paid an underwriting fee of 3 % of the gross proceeds of this offering ( excluding proceeds , if any , we received from the sale of our units to our general partner or its affiliates ) to our selling agent or selling agents . our general partner receives an organizational and offering expense allowance of up to 2 % of our offering proceeds to reimburse it for expenses incurred in preparing us for registration or qualification under federal and state securities laws and subsequently offering and selling our units . the organizational and offering expense allowance will be paid out of the proceeds of this offering . the organizational and offering expense allowance will not exceed the actual fees and expenses incurred by our general partner and its affiliates . because organizational and offering expenses will be paid as and to the extent they are incurred , organizational and offering expenses may be drawn disproportionately to the gross proceeds of each closing . during our operating period and our liquidation period , our investment manager receives a management fee in an amount equal to the greater of ( i ) 2.5 % per annum of the aggregate offering proceeds , or ( ii ) $ 125,000 , payable monthly , until such time as an amount equal to at least 15 % of our limited partners ' capital contributions has been returned to them , after which the monthly management fee will equal 100 % of the management fee as initially calculated above , less 1 % for each additional 1 % of our limited partners ' capital contributions returned to them , such amounts to be measured on the last day of each month . our general partner will initially receive 1 % of all distributed distributable cash . our general partner has a promotional interest in us equal to 20 % of all distributed distributable cash after we have provided a return to our limited partners of their respective capital contributions plus an 8 % per annum , compounded annually , cumulative return on their capital contributions . 19 current business environment and outlook we believe that 2018 will continue to present attractive opportunities for equipment lease and asset finance investments . the federal reserve board increased its benchmark interest rate several times in 2017 , and is expected to further increase rates in 2018 making our financing more cost competitive with banks . while we expect interest rates to increase further during 2018 , increases in interest rates generally result in increased returns on asset based investments . as lending institutions , such as banks , raise the interest rates they charge borrowers , the financing provided by us will become more cost competitive , and our market for potential investments will broaden . although increase in interest rates will increase the cost of leverage , we do not expect a significant net effect on our gross margins because we do not plan on utilizing significant leverage in our portfolio . our single investor leases and loans should benefit from any increase in interest rates over the long term . the competitive environment is firming up with a few large participants exiting the market , but with a growing number of well capitalized new participants prepared to absorb market share . as the market settles , we believe there is more opportunity than there has been in years to acquire seasoned portfolios of equipment leases and loans . we also believe that there may be opportunity for consolidation in the next year or two . overall we think that businesses have a positive outlook for growth in 2018 and we anticipate capital asset and equipment acquisition will be an essential part of that growth . story_separator_special_tag we received cash contributions of $ 72,504,327 and applied $ 2,460,737 which would have otherwise been paid as sales commission to the purchase of 2,460.74 additional units . for the years ended december 31 , 2017 and 2016 , we paid or accrued an underwriting fee to securities totaling $ 0 and $ 1,949,907 , respectively . our revenue for the years ended december 31 , 2017 and 2016 is summarized as follows : replace_table_token_1_th for the year ended december 31 , 2017 , we earned $ 1,594,436 in rental income primarily from two operating leases of aircraft rotable parts equipment . we also recognized $ 5,224,118 in interest income , the majority of which was generated by the equipment notes and collateralized loans receivable . we recognized $ 2,159,570 in finance income from various finance leases . we also recognized income of $ 15,416,243 from our equipment investment through spv . we also incurred a provision for lease , note , and loan losses of $ 3,001,573 as a result of an impairment loss on a finance lease , equipment notes receivables and an equity method investment during the year ended december 31 , 2017. the increase in total revenue in 2017 as compared to 2016 is primarily a result of the income from the subsidiary sqn helo , llc ( “ sqn helo ” ) which was not included in the consolidated financial statements in 2016. the increase in finance and interest income in 2017 as compared to 2016 is a result of the increase in finance leases and equipment notes and collateralized loans receivable in 2017 as compared to 2016 . 23 for the year ended december 31 , 2016 , we earned $ 329,931 in rental income primarily from two operating leases of aircraft rotable parts equipment . we also recognized $ 4,448,049 in interest income , the majority of which was generated by the equipment notes and collateralized loans receivable . we recognized $ 1,112,846 in finance income from various finance leases . we also recognized an investment loss of $ 932,193 from our equity method investments . we also recognized income of $ 16,422,922 from our equipment investment through spv . our expenses for the years ended december 31 , 2017 and 2016 are summarized as follows : replace_table_token_2_th for the year ended december 31 , 2017 , we incurred $ 30,948,233 in total expenses . there was no increase in management fees paid to our investment manager in 2017 as compared to 2016. we pay our investment manager a management fee during the liquidation period equal to the greater of , ( i ) 2.5 % per annum of the aggregate offering proceeds , or ( ii ) $ 125,000 , payable monthly , until such time as an amount equal to at least 15 % of our limited partners ' capital contributions have been returned to them , after which the monthly management fee will equal 100 % of the management fee as initially calculated above , less 1 % for each additional 1 % of the partnership 's limited partners ' capital contributions returned to them , such amounts to be measured on the last day of each month . we recognized $ 4,861,808 and $ 2,622,678 in interest expense and depreciation and amortization expense , respectively . the increase in interest expense and depreciation and amortization expense in 2017 as compared to 2016 is primarily a result of the subsidiary sqn helo , which was not included in the consolidated financial statements in 2016. we also incurred $ 545,417 in professional fees , which is primarily due to consolidation of sqn helo . we also incurred expenses of $ 21,246,550 from our equipment investment through spv . for the year ended december 31 , 2016 , we incurred $ 23,968,127 in total expenses . there was no increase in management fees paid to our investment manager in 2016 as compared to 2015. we recognized $ 418,968 in depreciation and amortization expense . we also incurred $ 220,883 in professional fees , which is consistent with prior year . in conjunction with the marine and the various juliet transactions , we assumed approximately $ 17,104,000 and $ 26,100,000 , respectively in loans payable with various third parties which resulted in $ 3,208,312 in interest expense during the year ended december 31 , 2016. we also incurred expenses of $ 18,235,637 from our equipment investment through spv . 24 net loss as a result of the factors discussed above , we reported a net loss for the year ended december 31 , 2017 of $ 8,947,762 , prior to the allocation for non-controlling interest , as compared to a net loss of $ 3,807,749 for the year ended december 31 , 2016. the non-controlling interest represents the 67.5 % investment by sqn pac in the alpha transaction and the 10 % investment by a third party in the cont feeder transaction . for the year ended december 31 , 2017 , the non-controlling interest recognized net income of $ 1,811 due to its interest in alpha and a net loss of $ 583,031 due to its interest in cont feeder . liquidity and capital resources sources and uses of cash replace_table_token_3_th story_separator_special_tag respectively ; and accrued $ 29,565 and $ 57,256 , respectively , for distributions due to the general partner which resulted in a distributions payable to general partner of $ 114,681 and $ 85,116 at december 31 , 2017 and 2016 , respectively . commitments and contingencies and off-balance sheet transactions commitment and contingencies our income , losses and distributions are allocated 99 % to our limited partners and 1 % to our general partner until the limited partners have received total distributions equal to each limited partners ' capital contribution plus an 8 % , compounded annually , cumulative return on each limited partners ' capital contribution . after such time , income , losses and distributions will be

sources of liquidity we are currently in the liquidation period . the liquidation period is the time-frame in which we sell equipment under lease in the normal course of business . during this time period we anticipate that a substantial portion of our cash outflows will be from operating activities and the majority of our cash inflows are expected to be from operating and investing activities . we believe that the cash inflows will be sufficient to finance our liquidity requirements for the foreseeable future , including semi-annual distributions to our limited partners , general and administrative expenses , and fees paid to our investment manager . operating activities cash used in operating activities for the year ended december 31 , 2017 was $ 826,865 and was primarily driven by the following factors ; ( i ) a net loss for the year ended december 31 , 2017 of $ 8,947,762 , ( ii ) a decline in finance income of $ 1,046,724 , ( iii ) an increase in foreign currency transactions of $ 1,840,424 , and ( iv ) a decline in other assets of $ 1,677,048. offsetting these fluctuations was an increase in minimum rents receivable of $ 2,186,878 , an increase in provision for lease , note and loan losses of $ 3,001,573 , an increase in depreciation and amortization of $ 2,203,710 , and an increase of $ 940,440 in accounts payable and accrued expenses .


 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.
     ```sources of liquidity we are currently in the liquidation period . the liquidation period is the time-frame in which we sell equipment under lease in the normal course of business . during this time period we anticipate that a substantial portion of our cash outflows will be from operating activities and the majority of our cash inflows are expected to be from operating and investing activities . we believe that the cash inflows will be sufficient to finance our liquidity requirements for the foreseeable future , including semi-annual distributions to our limited partners , general and administrative expenses , and fees paid to our investment manager . operating activities cash used in operating activities for the year ended december 31 , 2017 was $ 826,865 and was primarily driven by the following factors ; ( i ) a net loss for the year ended december 31 , 2017 of $ 8,947,762 , ( ii ) a decline in finance income of $ 1,046,724 , ( iii ) an increase in foreign currency transactions of $ 1,840,424 , and ( iv ) a decline in other assets of $ 1,677,048. offsetting these fluctuations was an increase in minimum rents receivable of $ 2,186,878 , an increase in provision for lease , note and loan losses of $ 3,001,573 , an increase in depreciation and amortization of $ 2,203,710 , and an increase of $ 940,440 in accounts payable and accrued expenses .
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 Suspicious Activity Report : in many cases , the structure will include us holding title to or a priority or controlling position in the equipment or other asset . although the final composition of our portfolio can not be determined at this stage , we expect to invest in equipment and other assets that are considered essential use or core to a business or operation in the agricultural , energy , environmental , medical , manufacturing , technology , and transportation industries . our investment manager may identify other assets or industries that meet our investment objectives . we expect to invest in equipment , other assets and project financings located primarily within the united states of america and the european union but may also make investments in other parts of the world . we are currently in the liquidation period . the offering period concluded on april 2 , 2016 , which is three years from the date we were declared effective by the sec . during the operating period , we will invest most of the net proceeds from our offering in business-essential , revenue-producing ( or cost-saving ) equipment , other physical assets with substantial economic lives and , in many cases , associated revenue streams and project financings . the operating period began on the date of our initial closing , which occurred on may 29 , 2013 and concluded on may 29 , 2017. the liquidation period , which began on may 30 , 2017 , is the period in which we will sell our assets in the ordinary course of business and will last two years , unless it is extended , at the sole discretion of the general partner . our general partner , our investment manager and their affiliates , including securities in its capacity as our selling agent and certain non-affiliates ( namely , selling dealers ) received fees and compensation from the offering of our units , including the following , with any and all compensation paid to our general partner solely in cash . we paid an underwriting fee of 3 % of the gross proceeds of this offering ( excluding proceeds , if any , we received from the sale of our units to our general partner or its affiliates ) to our selling agent or selling agents . our general partner receives an organizational and offering expense allowance of up to 2 % of our offering proceeds to reimburse it for expenses incurred in preparing us for registration or qualification under federal and state securities laws and subsequently offering and selling our units . the organizational and offering expense allowance will be paid out of the proceeds of this offering . the organizational and offering expense allowance will not exceed the actual fees and expenses incurred by our general partner and its affiliates . because organizational and offering expenses will be paid as and to the extent they are incurred , organizational and offering expenses may be drawn disproportionately to the gross proceeds of each closing . during our operating period and our liquidation period , our investment manager receives a management fee in an amount equal to the greater of ( i ) 2.5 % per annum of the aggregate offering proceeds , or ( ii ) $ 125,000 , payable monthly , until such time as an amount equal to at least 15 % of our limited partners ' capital contributions has been returned to them , after which the monthly management fee will equal 100 % of the management fee as initially calculated above , less 1 % for each additional 1 % of our limited partners ' capital contributions returned to them , such amounts to be measured on the last day of each month . our general partner will initially receive 1 % of all distributed distributable cash . our general partner has a promotional interest in us equal to 20 % of all distributed distributable cash after we have provided a return to our limited partners of their respective capital contributions plus an 8 % per annum , compounded annually , cumulative return on their capital contributions . 19 current business environment and outlook we believe that 2018 will continue to present attractive opportunities for equipment lease and asset finance investments . the federal reserve board increased its benchmark interest rate several times in 2017 , and is expected to further increase rates in 2018 making our financing more cost competitive with banks . while we expect interest rates to increase further during 2018 , increases in interest rates generally result in increased returns on asset based investments . as lending institutions , such as banks , raise the interest rates they charge borrowers , the financing provided by us will become more cost competitive , and our market for potential investments will broaden . although increase in interest rates will increase the cost of leverage , we do not expect a significant net effect on our gross margins because we do not plan on utilizing significant leverage in our portfolio . our single investor leases and loans should benefit from any increase in interest rates over the long term . the competitive environment is firming up with a few large participants exiting the market , but with a growing number of well capitalized new participants prepared to absorb market share . as the market settles , we believe there is more opportunity than there has been in years to acquire seasoned portfolios of equipment leases and loans . we also believe that there may be opportunity for consolidation in the next year or two . overall we think that businesses have a positive outlook for growth in 2018 and we anticipate capital asset and equipment acquisition will be an essential part of that growth . story_separator_special_tag we received cash contributions of $ 72,504,327 and applied $ 2,460,737 which would have otherwise been paid as sales commission to the purchase of 2,460.74 additional units . for the years ended december 31 , 2017 and 2016 , we paid or accrued an underwriting fee to securities totaling $ 0 and $ 1,949,907 , respectively . our revenue for the years ended december 31 , 2017 and 2016 is summarized as follows : replace_table_token_1_th for the year ended december 31 , 2017 , we earned $ 1,594,436 in rental income primarily from two operating leases of aircraft rotable parts equipment . we also recognized $ 5,224,118 in interest income , the majority of which was generated by the equipment notes and collateralized loans receivable . we recognized $ 2,159,570 in finance income from various finance leases . we also recognized income of $ 15,416,243 from our equipment investment through spv . we also incurred a provision for lease , note , and loan losses of $ 3,001,573 as a result of an impairment loss on a finance lease , equipment notes receivables and an equity method investment during the year ended december 31 , 2017. the increase in total revenue in 2017 as compared to 2016 is primarily a result of the income from the subsidiary sqn helo , llc ( “ sqn helo ” ) which was not included in the consolidated financial statements in 2016. the increase in finance and interest income in 2017 as compared to 2016 is a result of the increase in finance leases and equipment notes and collateralized loans receivable in 2017 as compared to 2016 . 23 for the year ended december 31 , 2016 , we earned $ 329,931 in rental income primarily from two operating leases of aircraft rotable parts equipment . we also recognized $ 4,448,049 in interest income , the majority of which was generated by the equipment notes and collateralized loans receivable . we recognized $ 1,112,846 in finance income from various finance leases . we also recognized an investment loss of $ 932,193 from our equity method investments . we also recognized income of $ 16,422,922 from our equipment investment through spv . our expenses for the years ended december 31 , 2017 and 2016 are summarized as follows : replace_table_token_2_th for the year ended december 31 , 2017 , we incurred $ 30,948,233 in total expenses . there was no increase in management fees paid to our investment manager in 2017 as compared to 2016. we pay our investment manager a management fee during the liquidation period equal to the greater of , ( i ) 2.5 % per annum of the aggregate offering proceeds , or ( ii ) $ 125,000 , payable monthly , until such time as an amount equal to at least 15 % of our limited partners ' capital contributions have been returned to them , after which the monthly management fee will equal 100 % of the management fee as initially calculated above , less 1 % for each additional 1 % of the partnership 's limited partners ' capital contributions returned to them , such amounts to be measured on the last day of each month . we recognized $ 4,861,808 and $ 2,622,678 in interest expense and depreciation and amortization expense , respectively . the increase in interest expense and depreciation and amortization expense in 2017 as compared to 2016 is primarily a result of the subsidiary sqn helo , which was not included in the consolidated financial statements in 2016. we also incurred $ 545,417 in professional fees , which is primarily due to consolidation of sqn helo . we also incurred expenses of $ 21,246,550 from our equipment investment through spv . for the year ended december 31 , 2016 , we incurred $ 23,968,127 in total expenses . there was no increase in management fees paid to our investment manager in 2016 as compared to 2015. we recognized $ 418,968 in depreciation and amortization expense . we also incurred $ 220,883 in professional fees , which is consistent with prior year . in conjunction with the marine and the various juliet transactions , we assumed approximately $ 17,104,000 and $ 26,100,000 , respectively in loans payable with various third parties which resulted in $ 3,208,312 in interest expense during the year ended december 31 , 2016. we also incurred expenses of $ 18,235,637 from our equipment investment through spv . 24 net loss as a result of the factors discussed above , we reported a net loss for the year ended december 31 , 2017 of $ 8,947,762 , prior to the allocation for non-controlling interest , as compared to a net loss of $ 3,807,749 for the year ended december 31 , 2016. the non-controlling interest represents the 67.5 % investment by sqn pac in the alpha transaction and the 10 % investment by a third party in the cont feeder transaction . for the year ended december 31 , 2017 , the non-controlling interest recognized net income of $ 1,811 due to its interest in alpha and a net loss of $ 583,031 due to its interest in cont feeder . liquidity and capital resources sources and uses of cash replace_table_token_3_th story_separator_special_tag respectively ; and accrued $ 29,565 and $ 57,256 , respectively , for distributions due to the general partner which resulted in a distributions payable to general partner of $ 114,681 and $ 85,116 at december 31 , 2017 and 2016 , respectively . commitments and contingencies and off-balance sheet transactions commitment and contingencies our income , losses and distributions are allocated 99 % to our limited partners and 1 % to our general partner until the limited partners have received total distributions equal to each limited partners ' capital contribution plus an 8 % , compounded annually , cumulative return on each limited partners ' capital contribution . after such time , income , losses and distributions will be

