in may 2011 , citadel issued 71,000,000 common shares to our sole officer gary deroos for services rendered . citadel recorded compensation expense of $ 3,550,000 according to the latest private placement per share amount of $ 0.05 given the common stock was not traded on an exchange . in july 2011 , citadel issued 11,000 common shares to a third party for consulting services . citadel recorded consulting expense in an amount equal to the fair market value of $ 1,100 according to the closing price on the date of issuance of $ 0.10 per share . in september 2011 , citadel increased its number of authorized common shares to 1,000,000,000. f-10 in september 2011 , citadel issued 100,000,000 shares of common stock to our sole officer gary deroos for services rendered . citadel recorded compensation expense in an amount equal to the fair market value of $ 13,500,000 according to the closing price of $ 0.135 per share on the date of issuance . in september 2011 , citadel issued 100,000 shares of common stock to a third party for consulting services . citadel recorded consulting expense in the amount equal to the fair market value of $ 14,500 according to the closing price of $ 0.145 per share on the date of issuance . note 3. income taxes income tax expense for the years ended september 30 , 2011 and 2010 is as follows : replace_table_token_9_th f-11 a reconciliation of the actual taxes to the statutory u.s. taxes for the period ended september 30 , 2011 and 2010 is as follows : replace_table_token_10_th as of september 30 , 2011 citadel has a current tax receivable of $ 7,713 and at september 30 , 2010 , citadel had a current tax liability of $ 62,405 . for the period of january 1 , 2009 through august 31 , 2009 , citadel was taxed as a sole proprietorship whereby components of income and expense were passed through and taxed at the owner level . deferred income taxes are not significant . note 4. subsequent events in november 2011 , citadel issued 3,000,000 shares of common stock to two third parties for consulting services . f-12 story_separator_special_tag the following discussion of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and the notes to those financial statements appearing elsewhere in this form 10-k. this discussion contains forward-looking statements that involve significant risks and uncertainties . as a result of many factors , our actual results may differ materially from those anticipated in our forward-looking statements . general we have merchant-clients that use our terminals to process their credit card transaction which has allowed us to be profitable , even in our infancy . a further drop in u.s. economic activity beyond the severe slowdown since 2008 that has continued into much of 2011 will undoubtedly have an effect on our revenues , as we make our money principally on residuals . residuals are based off a pre-negotiated and contracted percentage rate for each transaction that our merchant-client incurs by its customers . although we have a standard contract , the rates at which we have negotiated with each of our merchant-clients may vary slightly . the main challenges we face are continued competition from new entrants into the industry , and limiting our exposure to any erosion of our client base as a result of any possible further deterioration of the economy . our other chief concern is competition . our industry has relatively low barriers to entry . we believe this may lead , in the near-term , to a further splintering of this market industry , but in the mid- to long-term will lead to a consolidation through mergers and acquisitions within this industry . we believe that by streamlining our operations into one public vehicle , we will be in a better position to maximize our value during this foreseen splintering , and then consolidating phases . executive overview our specific goal is to continue the expansion of our business by increasing our customer base of merchant-clients and continue to be on the lookout for acquisition targets . 10 results of operations revenues year ended september 30 , 2011 year ended september 30 , 2010 change % revenues $ 459,770 $ 337,288 $ 122,482 36.3 revenues increased by $ 122,482 , or 36.3 percent to $ 459,770 for the year ended september 30 , 2011 from $ 337,288 for the previous year ended september 30 , 2010. the revenue rate increased due to the number of clients and the visa/mastercard volume for our high volume customers . revenues are reported net of amounts paid to sponsor banks , as well as interchange and assessments paid to credit card associations ( mastercard and visa ) under revenue sharing agreements pursuant to which such parties receive payments based primarily on processing volume for particular groups of merchants . operating expenses year ended september 30 , 2011 year ended september 30 , 2010 change % operating expenses $ 24,913,836 $ 271,338 $ 24,642,498 9081 % our operating expenses increased from $ 271,338 for the year ended september 30 , 2010 to $ 24,913,836 for the year ended september 30 , 2011. our largest expenditure for both periods was executive compensation which consisted primarily of stock based compensation to our sole officer , mr. gary deroos of $ 24,445,000. story_separator_special_tag story_separator_special_tag in may 2011 , citadel issued 71,000,000 common shares to our sole officer gary deroos for services rendered . citadel recorded compensation expense of $ 3,550,000 according to the latest private placement per share amount of $ 0.05 given the common stock was not traded on an exchange . in july 2011 , citadel issued 11,000 common shares to a third party for consulting services . citadel recorded consulting expense in an amount equal to the fair market value of $ 1,100 according to the closing price on the date of issuance of $ 0.10 per share . in september 2011 , citadel increased its number of authorized common shares to 1,000,000,000. f-10 in september 2011 , citadel issued 100,000,000 shares of common stock to our sole officer gary deroos for services rendered . citadel recorded compensation expense in an amount equal to the fair market value of $ 13,500,000 according to the closing price of $ 0.135 per share on the date of issuance . in september 2011 , citadel issued 100,000 shares of common stock to a third party for consulting services . citadel recorded consulting expense in the amount equal to the fair market value of $ 14,500 according to the closing price of $ 0.145 per share on the date of issuance . note 3. income taxes income tax expense for the years ended september 30 , 2011 and 2010 is as follows : replace_table_token_9_th f-11 a reconciliation of the actual taxes to the statutory u.s. taxes for the period ended september 30 , 2011 and 2010 is as follows : replace_table_token_10_th as of september 30 , 2011 citadel has a current tax receivable of $ 7,713 and at september 30 , 2010 , citadel had a current tax liability of $ 62,405 . for the period of january 1 , 2009 through august 31 , 2009 , citadel was taxed as a sole proprietorship whereby components of income and expense were passed through and taxed at the owner level . deferred income taxes are not significant . note 4. subsequent events in november 2011 , citadel issued 3,000,000 shares of common stock to two third parties for consulting services . f-12 story_separator_special_tag the following discussion of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and the notes to those financial statements appearing elsewhere in this form 10-k. this discussion contains forward-looking statements that involve significant risks and uncertainties . as a result of many factors , our actual results may differ materially from those anticipated in our forward-looking statements . general we have merchant-clients that use our terminals to process their credit card transaction which has allowed us to be profitable , even in our infancy . a further drop in u.s. economic activity beyond the severe slowdown since 2008 that has continued into much of 2011 will undoubtedly have an effect on our revenues , as we make our money principally on residuals . residuals are based off a pre-negotiated and contracted percentage rate for each transaction that our merchant-client incurs by its customers . although we have a standard contract , the rates at which we have negotiated with each of our merchant-clients may vary slightly . the main challenges we face are continued competition from new entrants into the industry , and limiting our exposure to any erosion of our client base as a result of any possible further deterioration of the economy . our other chief concern is competition . our industry has relatively low barriers to entry . we believe this may lead , in the near-term , to a further splintering of this market industry , but in the mid- to long-term will lead to a consolidation through mergers and acquisitions within this industry . we believe that by streamlining our operations into one public vehicle , we will be in a better position to maximize our value during this foreseen splintering , and then consolidating phases . executive overview our specific goal is to continue the expansion of our business by increasing our customer base of merchant-clients and continue to be on the lookout for acquisition targets . 10 results of operations revenues year ended september 30 , 2011 year ended september 30 , 2010 change % revenues $ 459,770 $ 337,288 $ 122,482 36.3 revenues increased by $ 122,482 , or 36.3 percent to $ 459,770 for the year ended september 30 , 2011 from $ 337,288 for the previous year ended september 30 , 2010. the revenue rate increased due to the number of clients and the visa/mastercard volume for our high volume customers . revenues are reported net of amounts paid to sponsor banks , as well as interchange and assessments paid to credit card associations ( mastercard and visa ) under revenue sharing agreements pursuant to which such parties receive payments based primarily on processing volume for particular groups of merchants . operating expenses year ended september 30 , 2011 year ended september 30 , 2010 change % operating expenses $ 24,913,836 $ 271,338 $ 24,642,498 9081 % our operating expenses increased from $ 271,338 for the year ended september 30 , 2010 to $ 24,913,836 for the year ended september 30 , 2011. our largest expenditure for both periods was executive compensation which consisted primarily of stock based compensation to our sole officer , mr. gary deroos of $ 24,445,000. story_separator_special_tag

capital resources and liquidity overview over the course of the past three years of operations , including the operations of our predecessor company , we have not seen large , sudden shifts in revenues , although because our business model is reliant on the size of consumer transactions , we have seen , over the past three years , a slight , general increase in revenues likely owing to gradual inflation . we have made no attempt to quantify the amount of increase in our revenue that is due to inflation , although we suspect that it tracks the u.s. bureau of labor statistics consumer price index of approximately 5 % over the past three years , owing to the breadth of goods and services in which credit cards are used . our primary source of liquidity is cash from operations . were our residuals from credit card processing transactions to drop steeply , we would not be able to quickly or automatically make up the liquidity through other sources . however , through the economic downtrend , our cash flow has remained steady and has had a slight uptrend . 11 while one of the strong current trends in the consumer credit markets is for the paying down of personal debt and the increase of personal savings among consumers , our management believes , based only upon our own activity and revenue data which it has observed , that this trend is most likely occurring in the form of paying off a larger portion of each respective consumers ' monthly credit card bills , and not through a reduced use of the card itself . our management 's belief is that consumers still use their credit cards for purchases in a slow economic climate ; even increasing the amount they spend on a credit card , as a way to manage their own contracted or uncertain cash flows . our only debt relates to advances from our president and we have no loans or leases on property or equipment . we do not own any real estate . revenues are generated by residuals from banks that we have contracts with .


 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.
     ```capital resources and liquidity overview over the course of the past three years of operations , including the operations of our predecessor company , we have not seen large , sudden shifts in revenues , although because our business model is reliant on the size of consumer transactions , we have seen , over the past three years , a slight , general increase in revenues likely owing to gradual inflation . we have made no attempt to quantify the amount of increase in our revenue that is due to inflation , although we suspect that it tracks the u.s. bureau of labor statistics consumer price index of approximately 5 % over the past three years , owing to the breadth of goods and services in which credit cards are used . our primary source of liquidity is cash from operations . were our residuals from credit card processing transactions to drop steeply , we would not be able to quickly or automatically make up the liquidity through other sources . however , through the economic downtrend , our cash flow has remained steady and has had a slight uptrend . 11 while one of the strong current trends in the consumer credit markets is for the paying down of personal debt and the increase of personal savings among consumers , our management believes , based only upon our own activity and revenue data which it has observed , that this trend is most likely occurring in the form of paying off a larger portion of each respective consumers ' monthly credit card bills , and not through a reduced use of the card itself . our management 's belief is that consumers still use their credit cards for purchases in a slow economic climate ; even increasing the amount they spend on a credit card , as a way to manage their own contracted or uncertain cash flows . our only debt relates to advances from our president and we have no loans or leases on property or equipment . we do not own any real estate . revenues are generated by residuals from banks that we have contracts with .
```    
 Suspicious Activity Report : in may 2011 , citadel issued 71,000,000 common shares to our sole officer gary deroos for services rendered . citadel recorded compensation expense of $ 3,550,000 according to the latest private placement per share amount of $ 0.05 given the common stock was not traded on an exchange . in july 2011 , citadel issued 11,000 common shares to a third party for consulting services . citadel recorded consulting expense in an amount equal to the fair market value of $ 1,100 according to the closing price on the date of issuance of $ 0.10 per share . in september 2011 , citadel increased its number of authorized common shares to 1,000,000,000. f-10 in september 2011 , citadel issued 100,000,000 shares of common stock to our sole officer gary deroos for services rendered . citadel recorded compensation expense in an amount equal to the fair market value of $ 13,500,000 according to the closing price of $ 0.135 per share on the date of issuance . in september 2011 , citadel issued 100,000 shares of common stock to a third party for consulting services . citadel recorded consulting expense in the amount equal to the fair market value of $ 14,500 according to the closing price of $ 0.145 per share on the date of issuance . note 3. income taxes income tax expense for the years ended september 30 , 2011 and 2010 is as follows : replace_table_token_9_th f-11 a reconciliation of the actual taxes to the statutory u.s. taxes for the period ended september 30 , 2011 and 2010 is as follows : replace_table_token_10_th as of september 30 , 2011 citadel has a current tax receivable of $ 7,713 and at september 30 , 2010 , citadel had a current tax liability of $ 62,405 . for the period of january 1 , 2009 through august 31 , 2009 , citadel was taxed as a sole proprietorship whereby components of income and expense were passed through and taxed at the owner level . deferred income taxes are not significant . note 4. subsequent events in november 2011 , citadel issued 3,000,000 shares of common stock to two third parties for consulting services . f-12 story_separator_special_tag the following discussion of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and the notes to those financial statements appearing elsewhere in this form 10-k. this discussion contains forward-looking statements that involve significant risks and uncertainties . as a result of many factors , our actual results may differ materially from those anticipated in our forward-looking statements . general we have merchant-clients that use our terminals to process their credit card transaction which has allowed us to be profitable , even in our infancy . a further drop in u.s. economic activity beyond the severe slowdown since 2008 that has continued into much of 2011 will undoubtedly have an effect on our revenues , as we make our money principally on residuals . residuals are based off a pre-negotiated and contracted percentage rate for each transaction that our merchant-client incurs by its customers . although we have a standard contract , the rates at which we have negotiated with each of our merchant-clients may vary slightly . the main challenges we face are continued competition from new entrants into the industry , and limiting our exposure to any erosion of our client base as a result of any possible further deterioration of the economy . our other chief concern is competition . our industry has relatively low barriers to entry . we believe this may lead , in the near-term , to a further splintering of this market industry , but in the mid- to long-term will lead to a consolidation through mergers and acquisitions within this industry . we believe that by streamlining our operations into one public vehicle , we will be in a better position to maximize our value during this foreseen splintering , and then consolidating phases . executive overview our specific goal is to continue the expansion of our business by increasing our customer base of merchant-clients and continue to be on the lookout for acquisition targets . 10 results of operations revenues year ended september 30 , 2011 year ended september 30 , 2010 change % revenues $ 459,770 $ 337,288 $ 122,482 36.3 revenues increased by $ 122,482 , or 36.3 percent to $ 459,770 for the year ended september 30 , 2011 from $ 337,288 for the previous year ended september 30 , 2010. the revenue rate increased due to the number of clients and the visa/mastercard volume for our high volume customers . revenues are reported net of amounts paid to sponsor banks , as well as interchange and assessments paid to credit card associations ( mastercard and visa ) under revenue sharing agreements pursuant to which such parties receive payments based primarily on processing volume for particular groups of merchants . operating expenses year ended september 30 , 2011 year ended september 30 , 2010 change % operating expenses $ 24,913,836 $ 271,338 $ 24,642,498 9081 % our operating expenses increased from $ 271,338 for the year ended september 30 , 2010 to $ 24,913,836 for the year ended september 30 , 2011. our largest expenditure for both periods was executive compensation which consisted primarily of stock based compensation to our sole officer , mr. gary deroos of $ 24,445,000. story_separator_special_tag story_separator_special_tag in may 2011 , citadel issued 71,000,000 common shares to our sole officer gary deroos for services rendered . citadel recorded compensation expense of $ 3,550,000 according to the latest private placement per share amount of $ 0.05 given the common stock was not traded on an exchange . in july 2011 , citadel issued 11,000 common shares to a third party for consulting services . citadel recorded consulting expense in an amount equal to the fair market value of $ 1,100 according to the closing price on the date of issuance of $ 0.10 per share . in september 2011 , citadel increased its number of authorized common shares to 1,000,000,000. f-10 in september 2011 , citadel issued 100,000,000 shares of common stock to our sole officer gary deroos for services rendered . citadel recorded compensation expense in an amount equal to the fair market value of $ 13,500,000 according to the closing price of $ 0.135 per share on the date of issuance . in september 2011 , citadel issued 100,000 shares of common stock to a third party for consulting services . citadel recorded consulting expense in the amount equal to the fair market value of $ 14,500 according to the closing price of $ 0.145 per share on the date of issuance . note 3. income taxes income tax expense for the years ended september 30 , 2011 and 2010 is as follows : replace_table_token_9_th f-11 a reconciliation of the actual taxes to the statutory u.s. taxes for the period ended september 30 , 2011 and 2010 is as follows : replace_table_token_10_th as of september 30 , 2011 citadel has a current tax receivable of $ 7,713 and at september 30 , 2010 , citadel had a current tax liability of $ 62,405 . for the period of january 1 , 2009 through august 31 , 2009 , citadel was taxed as a sole proprietorship whereby components of income and expense were passed through and taxed at the owner level . deferred income taxes are not significant . note 4. subsequent events in november 2011 , citadel issued 3,000,000 shares of common stock to two third parties for consulting services . f-12 story_separator_special_tag the following discussion of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and the notes to those financial statements appearing elsewhere in this form 10-k. this discussion contains forward-looking statements that involve significant risks and uncertainties . as a result of many factors , our actual results may differ materially from those anticipated in our forward-looking statements . general we have merchant-clients that use our terminals to process their credit card transaction which has allowed us to be profitable , even in our infancy . a further drop in u.s. economic activity beyond the severe slowdown since 2008 that has continued into much of 2011 will undoubtedly have an effect on our revenues , as we make our money principally on residuals . residuals are based off a pre-negotiated and contracted percentage rate for each transaction that our merchant-client incurs by its customers . although we have a standard contract , the rates at which we have negotiated with each of our merchant-clients may vary slightly . the main challenges we face are continued competition from new entrants into the industry , and limiting our exposure to any erosion of our client base as a result of any possible further deterioration of the economy . our other chief concern is competition . our industry has relatively low barriers to entry . we believe this may lead , in the near-term , to a further splintering of this market industry , but in the mid- to long-term will lead to a consolidation through mergers and acquisitions within this industry . we believe that by streamlining our operations into one public vehicle , we will be in a better position to maximize our value during this foreseen splintering , and then consolidating phases . executive overview our specific goal is to continue the expansion of our business by increasing our customer base of merchant-clients and continue to be on the lookout for acquisition targets . 10 results of operations revenues year ended september 30 , 2011 year ended september 30 , 2010 change % revenues $ 459,770 $ 337,288 $ 122,482 36.3 revenues increased by $ 122,482 , or 36.3 percent to $ 459,770 for the year ended september 30 , 2011 from $ 337,288 for the previous year ended september 30 , 2010. the revenue rate increased due to the number of clients and the visa/mastercard volume for our high volume customers . revenues are reported net of amounts paid to sponsor banks , as well as interchange and assessments paid to credit card associations ( mastercard and visa ) under revenue sharing agreements pursuant to which such parties receive payments based primarily on processing volume for particular groups of merchants . operating expenses year ended september 30 , 2011 year ended september 30 , 2010 change % operating expenses $ 24,913,836 $ 271,338 $ 24,642,498 9081 % our operating expenses increased from $ 271,338 for the year ended september 30 , 2010 to $ 24,913,836 for the year ended september 30 , 2011. our largest expenditure for both periods was executive compensation which consisted primarily of stock based compensation to our sole officer , mr. gary deroos of $ 24,445,000. story_separator_special_tag

