through tot group , the company generates revenues from transaction fees , service fees , percentage of the dollar amount of each transaction and other fees associated with processing of cashless transactions at the points of sale . the company serves merchants primarily in the retail , restaurant , supermarket , petroleum and hospitality sectors . in addition , tot group ( through its subsidiary ooo tot money ( “ tot money ” ) ) operates the company 's provider of carrier-integrated mobile payments solutions . tot money 's relationships with mobile operators give the company substantial geographic coverage , a strong capacity for innovation in mobile payments and messaging , and the ability to offer customers in-app , p-sms and online and carrier billing solutions in over 49 countries . during the third quarter of 2012 , our subsidiary , tot money , launched operations as a provider of carrier-integrated mobile payments solutions in russia . since then , tot money has continued seeking to expand its carrier-integrated mobile payments business primarily in the commonwealth of independent states ( cis ) countries ( comprised of participating states of the former soviet union ) and other emerging markets . during the second half of 2012 , tot money entered into contracts with the three largest mobile phone operators in russia , mobile telesystems ojsc , megafon ojsc and ojsc vimpelcom , to facilitate payments using sms and mms for their mobile phone subscribers in russia . on april 16 , 2013 , certain subsidiaries of tot group acquired substantially all of the business assets of unified payments , llc , a delaware limited liability company . unified payments provides comprehensive turnkey , payment-processing solutions to small and medium size business owners ( merchants ) and independent sales organizations across the united states . for additional information , see note 4 to the accompanying notes to consolidated financial statements . on june 24 , 2013 , tot group , through its newly formed subsidiary aptito , llc ( “ aptito ” ) acquired substantially all of the business assets of aptito.com , inc. , a new york corporation , a new generation of smart , customer engaged , patent-pending payments platform , mobile point of sale ( “ mpos ” ) , mobile commerce application and self-ordering apple® ipad®-based kiosk . see note 4 for additional information regarding this acquisition . 32 discontinuance of entertainment business on september 25 , 2013 , we entered into a contribution agreement ( the divestiture contribution agreement ) with t1t lab , llc , a florida limited liability company ( t1t lab ) , and t1t group , llc , a delaware limited liability company ( t1t group ) , pursuant to which , on september 25 , 2013 , we contributed to t1t lab all of our membership and participation interests in our subsidiaries openfilm , llc , motorsport , llc , splinex , llc , legalguru , llc and music 1 llc ( a/k/a ooo music1 ) ( collectively , the disposed subsidiaries ) . the disposed subsidiaries constitute all of the company 's interests in online media businesses and operations ( referred to herein collectively as the company 's `` entertainment assets `` ) . immediately following the transactions effectuated pursuant to the divestiture contribution agreement , the company indirectly owned a minority interest in the disposed subsidiaries through its 10 % membership interest in t1t lab and the other 90 % membership interest in t1t lab is owned by t1t group ( which is indirectly wholly-owned by mike zoi , a director and majority stockholder of the company ) . the company disposed its entertainment assets in order to focus its business operations on mobile payments , transactional services and related technologies and to reduce the significant expenses associated with developing and maintaining the entertainment assets . during the first quarter of 2014 , company further reduced its liabilities by divesting its remaining 10 % ownership interest in t1t lab , llc in exchange for termination of its obligation to commit funding of t1t lab , llc associated with its equity ownership . for additional information regarding the divestiture of the company 's entertainment assets , see note 5 of the accompanying notes to consolidated financial statements . since our inception , we have incurred significant operating losses ( for additional information , see “ liquidity and capital resources ” below ) . if we fail to maintain our relationships with merchants , mobile phone providers , content providers , lenders and other business partners , it could harm our revenues and materially adversely affect our financial condition and results of operations . we face all of the risks inherent in a new business , including the need for significant additional capital , management 's potential underestimation of initial and ongoing costs , and potential delays and other problems in connection with developing our technologies and operations . critical accounting policies and estimates our significant accounting policies are described more fully in note 1 to the accompanying consolidated financial statements . the preparation of financial statements in conformity with accounting principles generally accepted in the united states requires management 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 financial statements , as well as the reported amounts of revenues and expenses during the reporting period . actual results could differ materially from those estimates . in applying estimates , management uses its judgment to determine the appropriate assumptions to be used in the determination of certain estimates . those estimates are based on our historical experience , terms of existing contracts , the observance of trends in our industries , information provided by outside sources , trade journals and other sources , as appropriate . revenue . story_separator_special_tag alfa-bank 's compensation pursuant to the agreement for providing financing to tot money is calculated as a financing rate that ranges from 9.70 % to 11.95 % of the amounts borrowed , depending upon the amount borrowed and the number of days in the period from the date financing is provided until the date the applicable account receivable is paid ; however , alfa-bank has the unilateral right to change such financing rates in the event of changes in certain market rates or in alfa-bank 's reasonable discretion . tot money 's obligations under the agreement also are secured by a guarantee given by ao sat & company . ao sat & company is an affiliate of kenges rakishev . the balance of the factoring agreement was 276,789,747 rubles ( approximately $ 8.46 million u.s. dollars ) at december 31 , 2013 and 232,723,216 rubles ( approximately $ 7.11 million in u.s. dollars ) at december 31 , 2012. on february 2 , 2012 , net element entered into a subscription agreement with one of the company 's directors , felix vulis , pursuant to which mr. vulis purchased from net element for $ 100,000 : ( i ) 16,667 shares of net element common stock ; ( ii ) a three-year warrant to purchase up to an additional 16,667 shares of net element common stock with an exercise price of $ 10.00 per share ; ( iii ) a three-year warrant to purchase up to an additional 16,677 shares of net element common stock with an exercise price of $ 20.00 per share ; and ( iv ) a three-year warrant to purchase up to an additional 16,667 shares of net element common stock with an exercise price of $ 40.00 per share . these warrants were cancelled on october 2 , 2012 pursuant to our merger agreement with net element . on february 23 , 2012 , net element entered into a subscription agreement pursuant to which it sold 333,333 newly issued shares of net element common stock to kenges rakishev for an aggregate purchase price of $ 2,000,000 , or $ 6.00 per share . on may 14 , 2012 , net element entered into a $ 500,000 principal amount promissory note and loan agreement with enerfund , llc maturing november 1 , 2012. the interest rate was 5 % per annum . the company repaid this note with accrued interest of around $ 10 thousand on october 3 , 2012 . 39 on june 26 , 2012 , net element 's subsidiary , net element russia , entered into a loan agreement with green venture group , llc , pursuant to which net element russia was loaned 150 million russian rubles ( approximately $ 4.9 million in u.s. dollars ) . the loan was intended to be used by net element russia for working capital and the development of the business of tot money . the interest rate under the loan agreement was 8.15 % per annum and outstanding principal and interest was due on or before november 1 , 2012. green venture group , llc is owned and controlled by mike zoi . the funding under this loan agreement was received july 20 , 2012. on october 2 , 2012 , the loan with green venture group , llc was assigned to the company and simultaneously repaid in full with the exception of $ 301,966 balance at december 31 , 2013 reflected in due to related parties in the accompanying balance sheet . on july 4 , 2012 , net element russia entered into a loan agreement with ooo sat-moscow , pursuant to which net element russia was loaned 150 million russian rubles ( approximately $ 4.9 million in u.s. dollars ) . the loan was intended to be used by net element russia for working capital and the development of the business of tot money . the interest rate under the loan agreement was 8.15 % per annum and outstanding principal and interest was due on or before november 1 , 2012. sat-moscow is indirectly controlled by kenges rakishev , chairman of the board of directors of the company . on october 2 , 2012 , the loan with sat-moscow was assigned to the company and simultaneously repaid in full . in connection with its acquisition of the business assets of unified payments on april 16 , 2013 , the company assumed several long-term debt obligations with an aggregate outstanding amount of $ 20.6 million . such long-term debt includes notes that currently bear interest at rates ranging from 9.75 % to 15.635 % and has maturity dates ranging from october 2014 until january 2016. in addition , pursuant to the contribution agreement entered into by the company on april 16 , 2013 with unified payments , tot group , oleg firer and georgia notes 18 llc , on january 1 , 2014 , the preferred membership interest in unified payments plus payable in kind interest accrued thereon will be converted into a 8 % interest only loan ( interest compounding annually with a balloon payment due on january 1 , 2017 ) and , upon such conversion , such loan will be assumed by a subsidiary of tot group . this convertible preferred membership interest is classified as long term debt with a balance of $ 11,098,066 in the accompanying consolidated balance sheets . for additional information , see notes 4 and 12 of the accompanying notes to unaudited condensed consolidated financial statements . on april 7 , 2014 the company paid off and satisfied its debts with rbl capital corp. , which consisted of two notes : one note with a remaining principal balance of $ 1,416,926 as march 31 , 2014 and one note with a principal balance of $ 934,030 as of march 31 , 2014. the note with the principal balance of $ 1,416,926 provided for the payoff of restructuring interest accrued in the amount of $ 92,239. the

liquidity and capital resources the company 's total assets at december 31 , 2013 were $ 22,508,725 compared to $ 28,378,634 at december 31 , 2012. the year over year change in total assets is primarily attributable to the significant decreases in the company 's cash used to support operations and reductions in notes receivable and advances to aggregators as of december 31 , 2013 compared to december 31 , 2012. at december 31 , 2013 , we had total current assets of $ 12,689,171 including $ 126,319 of cash , $ 10,619,289 of accounts receivable , $ 1,109,538 of advances to aggregators and $ 834,025 of prepaid expenses and other assets . at december 31 , 2012 , we had total current assets of $ 28,005,205 including $ 3,546,787 of cash , $ 2,056,821 of restricted cash ( consisting of approximately $ 1.8 million deposited in a segregated bank account pursuant to our credit facility with alfa-bank , and $ 250,000 in a certificate of deposit that was liquidated in february 2013 ) , $ 6,088,934 in net notes receivable , $ 10,855,175 of accounts receivable , $ 4,777,033 in advances to aggregators and $ 487,995 of prepaid expenses and other assets . the company is currently negotiating an $ 11.2 million convertible note with cayman invest , sa . the draft terms of the agreement call for a zero interest rate and in the event of default an interest rate of 12 % , maturity date of march 31 , 2015 and certain conversion features . the automatic conversion feature provides for 15 % of fully diluted shares to be issued upon the company raising $ 10 million in qualified financing from a third party . cayman invest , sa can also convert , at their sole discretion , under the same terms at any time . although the terms and agreement have not been fully agreed to , cayman invest , sa has advanced $ 6,180,000 between january 1 and april 15 , 2014 in anticipation of the signing of the convertible loan agreement .


 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 the company 's total assets at december 31 , 2013 were $ 22,508,725 compared to $ 28,378,634 at december 31 , 2012. the year over year change in total assets is primarily attributable to the significant decreases in the company 's cash used to support operations and reductions in notes receivable and advances to aggregators as of december 31 , 2013 compared to december 31 , 2012. at december 31 , 2013 , we had total current assets of $ 12,689,171 including $ 126,319 of cash , $ 10,619,289 of accounts receivable , $ 1,109,538 of advances to aggregators and $ 834,025 of prepaid expenses and other assets . at december 31 , 2012 , we had total current assets of $ 28,005,205 including $ 3,546,787 of cash , $ 2,056,821 of restricted cash ( consisting of approximately $ 1.8 million deposited in a segregated bank account pursuant to our credit facility with alfa-bank , and $ 250,000 in a certificate of deposit that was liquidated in february 2013 ) , $ 6,088,934 in net notes receivable , $ 10,855,175 of accounts receivable , $ 4,777,033 in advances to aggregators and $ 487,995 of prepaid expenses and other assets . the company is currently negotiating an $ 11.2 million convertible note with cayman invest , sa . the draft terms of the agreement call for a zero interest rate and in the event of default an interest rate of 12 % , maturity date of march 31 , 2015 and certain conversion features . the automatic conversion feature provides for 15 % of fully diluted shares to be issued upon the company raising $ 10 million in qualified financing from a third party . cayman invest , sa can also convert , at their sole discretion , under the same terms at any time . although the terms and agreement have not been fully agreed to , cayman invest , sa has advanced $ 6,180,000 between january 1 and april 15 , 2014 in anticipation of the signing of the convertible loan agreement .
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 Suspicious Activity Report : through tot group , the company generates revenues from transaction fees , service fees , percentage of the dollar amount of each transaction and other fees associated with processing of cashless transactions at the points of sale . the company serves merchants primarily in the retail , restaurant , supermarket , petroleum and hospitality sectors . in addition , tot group ( through its subsidiary ooo tot money ( “ tot money ” ) ) operates the company 's provider of carrier-integrated mobile payments solutions . tot money 's relationships with mobile operators give the company substantial geographic coverage , a strong capacity for innovation in mobile payments and messaging , and the ability to offer customers in-app , p-sms and online and carrier billing solutions in over 49 countries . during the third quarter of 2012 , our subsidiary , tot money , launched operations as a provider of carrier-integrated mobile payments solutions in russia . since then , tot money has continued seeking to expand its carrier-integrated mobile payments business primarily in the commonwealth of independent states ( cis ) countries ( comprised of participating states of the former soviet union ) and other emerging markets . during the second half of 2012 , tot money entered into contracts with the three largest mobile phone operators in russia , mobile telesystems ojsc , megafon ojsc and ojsc vimpelcom , to facilitate payments using sms and mms for their mobile phone subscribers in russia . on april 16 , 2013 , certain subsidiaries of tot group acquired substantially all of the business assets of unified payments , llc , a delaware limited liability company . unified payments provides comprehensive turnkey , payment-processing solutions to small and medium size business owners ( merchants ) and independent sales organizations across the united states . for additional information , see note 4 to the accompanying notes to consolidated financial statements . on june 24 , 2013 , tot group , through its newly formed subsidiary aptito , llc ( “ aptito ” ) acquired substantially all of the business assets of aptito.com , inc. , a new york corporation , a new generation of smart , customer engaged , patent-pending payments platform , mobile point of sale ( “ mpos ” ) , mobile commerce application and self-ordering apple® ipad®-based kiosk . see note 4 for additional information regarding this acquisition . 32 discontinuance of entertainment business on september 25 , 2013 , we entered into a contribution agreement ( the divestiture contribution agreement ) with t1t lab , llc , a florida limited liability company ( t1t lab ) , and t1t group , llc , a delaware limited liability company ( t1t group ) , pursuant to which , on september 25 , 2013 , we contributed to t1t lab all of our membership and participation interests in our subsidiaries openfilm , llc , motorsport , llc , splinex , llc , legalguru , llc and music 1 llc ( a/k/a ooo music1 ) ( collectively , the disposed subsidiaries ) . the disposed subsidiaries constitute all of the company 's interests in online media businesses and operations ( referred to herein collectively as the company 's `` entertainment assets `` ) . immediately following the transactions effectuated pursuant to the divestiture contribution agreement , the company indirectly owned a minority interest in the disposed subsidiaries through its 10 % membership interest in t1t lab and the other 90 % membership interest in t1t lab is owned by t1t group ( which is indirectly wholly-owned by mike zoi , a director and majority stockholder of the company ) . the company disposed its entertainment assets in order to focus its business operations on mobile payments , transactional services and related technologies and to reduce the significant expenses associated with developing and maintaining the entertainment assets . during the first quarter of 2014 , company further reduced its liabilities by divesting its remaining 10 % ownership interest in t1t lab , llc in exchange for termination of its obligation to commit funding of t1t lab , llc associated with its equity ownership . for additional information regarding the divestiture of the company 's entertainment assets , see note 5 of the accompanying notes to consolidated financial statements . since our inception , we have incurred significant operating losses ( for additional information , see “ liquidity and capital resources ” below ) . if we fail to maintain our relationships with merchants , mobile phone providers , content providers , lenders and other business partners , it could harm our revenues and materially adversely affect our financial condition and results of operations . we face all of the risks inherent in a new business , including the need for significant additional capital , management 's potential underestimation of initial and ongoing costs , and potential delays and other problems in connection with developing our technologies and operations . critical accounting policies and estimates our significant accounting policies are described more fully in note 1 to the accompanying consolidated financial statements . the preparation of financial statements in conformity with accounting principles generally accepted in the united states requires management 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 financial statements , as well as the reported amounts of revenues and expenses during the reporting period . actual results could differ materially from those estimates . in applying estimates , management uses its judgment to determine the appropriate assumptions to be used in the determination of certain estimates . those estimates are based on our historical experience , terms of existing contracts , the observance of trends in our industries , information provided by outside sources , trade journals and other sources , as appropriate . revenue . story_separator_special_tag alfa-bank 's compensation pursuant to the agreement for providing financing to tot money is calculated as a financing rate that ranges from 9.70 % to 11.95 % of the amounts borrowed , depending upon the amount borrowed and the number of days in the period from the date financing is provided until the date the applicable account receivable is paid ; however , alfa-bank has the unilateral right to change such financing rates in the event of changes in certain market rates or in alfa-bank 's reasonable discretion . tot money 's obligations under the agreement also are secured by a guarantee given by ao sat & company . ao sat & company is an affiliate of kenges rakishev . the balance of the factoring agreement was 276,789,747 rubles ( approximately $ 8.46 million u.s. dollars ) at december 31 , 2013 and 232,723,216 rubles ( approximately $ 7.11 million in u.s. dollars ) at december 31 , 2012. on february 2 , 2012 , net element entered into a subscription agreement with one of the company 's directors , felix vulis , pursuant to which mr. vulis purchased from net element for $ 100,000 : ( i ) 16,667 shares of net element common stock ; ( ii ) a three-year warrant to purchase up to an additional 16,667 shares of net element common stock with an exercise price of $ 10.00 per share ; ( iii ) a three-year warrant to purchase up to an additional 16,677 shares of net element common stock with an exercise price of $ 20.00 per share ; and ( iv ) a three-year warrant to purchase up to an additional 16,667 shares of net element common stock with an exercise price of $ 40.00 per share . these warrants were cancelled on october 2 , 2012 pursuant to our merger agreement with net element . on february 23 , 2012 , net element entered into a subscription agreement pursuant to which it sold 333,333 newly issued shares of net element common stock to kenges rakishev for an aggregate purchase price of $ 2,000,000 , or $ 6.00 per share . on may 14 , 2012 , net element entered into a $ 500,000 principal amount promissory note and loan agreement with enerfund , llc maturing november 1 , 2012. the interest rate was 5 % per annum . the company repaid this note with accrued interest of around $ 10 thousand on october 3 , 2012 . 39 on june 26 , 2012 , net element 's subsidiary , net element russia , entered into a loan agreement with green venture group , llc , pursuant to which net element russia was loaned 150 million russian rubles ( approximately $ 4.9 million in u.s. dollars ) . the loan was intended to be used by net element russia for working capital and the development of the business of tot money . the interest rate under the loan agreement was 8.15 % per annum and outstanding principal and interest was due on or before november 1 , 2012. green venture group , llc is owned and controlled by mike zoi . the funding under this loan agreement was received july 20 , 2012. on october 2 , 2012 , the loan with green venture group , llc was assigned to the company and simultaneously repaid in full with the exception of $ 301,966 balance at december 31 , 2013 reflected in due to related parties in the accompanying balance sheet . on july 4 , 2012 , net element russia entered into a loan agreement with ooo sat-moscow , pursuant to which net element russia was loaned 150 million russian rubles ( approximately $ 4.9 million in u.s. dollars ) . the loan was intended to be used by net element russia for working capital and the development of the business of tot money . the interest rate under the loan agreement was 8.15 % per annum and outstanding principal and interest was due on or before november 1 , 2012. sat-moscow is indirectly controlled by kenges rakishev , chairman of the board of directors of the company . on october 2 , 2012 , the loan with sat-moscow was assigned to the company and simultaneously repaid in full . in connection with its acquisition of the business assets of unified payments on april 16 , 2013 , the company assumed several long-term debt obligations with an aggregate outstanding amount of $ 20.6 million . such long-term debt includes notes that currently bear interest at rates ranging from 9.75 % to 15.635 % and has maturity dates ranging from october 2014 until january 2016. in addition , pursuant to the contribution agreement entered into by the company on april 16 , 2013 with unified payments , tot group , oleg firer and georgia notes 18 llc , on january 1 , 2014 , the preferred membership interest in unified payments plus payable in kind interest accrued thereon will be converted into a 8 % interest only loan ( interest compounding annually with a balloon payment due on january 1 , 2017 ) and , upon such conversion , such loan will be assumed by a subsidiary of tot group . this convertible preferred membership interest is classified as long term debt with a balance of $ 11,098,066 in the accompanying consolidated balance sheets . for additional information , see notes 4 and 12 of the accompanying notes to unaudited condensed consolidated financial statements . on april 7 , 2014 the company paid off and satisfied its debts with rbl capital corp. , which consisted of two notes : one note with a remaining principal balance of $ 1,416,926 as march 31 , 2014 and one note with a principal balance of $ 934,030 as of march 31 , 2014. the note with the principal balance of $ 1,416,926 provided for the payoff of restructuring interest accrued in the amount of $ 92,239. the

