our operating results will be affected as acquisitions occur . since all acquisitions are made using the purchase method of accounting for business combinations , our financial statements will only include the results of operations and cash flows of acquired companies for periods subsequent to the date of acquisition . our gaap-based net income will be affected by non-cash charges relating to the amortization of customer related intangible assets and other intangible assets attributable to completed acquisitions . under applicable accounting standards , purchasers are required to allocate the total consideration in a business combination to the identified assets acquired and liabilities assumed based on their fair values at the time of acquisition . the excess of the consideration paid over the fair value of the identifiable net assets acquired is to be allocated to goodwill , which is tested at least annually for impairment . applicable accounting standards require that we separately account for and value certain identifiable intangible assets based on the unique facts and circumstances of each acquisition . as a result of our acquisition strategy , our net income ( loss ) will include material non-cash charges relating to the amortization of customer related intangible assets and other intangible assets acquired in our acquisitions . although these charges may increase as we complete more acquisitions , we believe we will be growing the value of our intangible assets ( e.g . , customer relationships ) . thus , we believe that earnings before interest , taxes , depreciation and amortization , or ebitda , is a useful financial measure for investors because it eliminates the effect of these non-cash costs and provides an important metric for our business . further , the financial covenants of our credit facility are measured against adjusted ebitda which excludes costs related to share-based compensation expense , change in contingent consideration , extraordinary items and other non-cash charges . our compliance with the financial covenants of our borrowing arrangements is particularly important given the materiality of these facilities to our day-to-day operations and overall acquisition strategy . our debt capacity , subject to the requisite collateral at an advance rate of 80 % of eligible domestic accounts receivable and up to 60 % of eligible foreign receivables , is limited to a multiple of our consolidated ebitda ( as adjusted ) as measured on a rolling four quarter basis . if we fail to comply with these covenants and are unable to secure a waiver or other relief , our financial condition would be materiality weakened and our ability to fund day-to-day operations would be materially and adversely affected . accordingly , we intend to employ ebitda and adjusted ebitda as management tools to measure our historical financial performance and as a benchmark for future financial flexibility . 23 our operating results are also subject to seasonal trends when measured on a quarterly basis . the impact of seasonality on our business will depend on numerous factors , including the markets in which we operate , holiday seasons , consumer demand and economic conditions . since our revenue is largely derived from customers whose shipments are dependent upon consumer demand and just-in-time production schedules , the timing of our revenue is often beyond our control . factors such as shifting demand for retail goods and or manufacturing production delays could unexpectedly affect the timing of our revenue . as we increase the scale of our operations , seasonal trends in one area of our business may be offset to an extent by opposite trends in another area . we can not accurately predict the timing of these factors , nor can we accurately estimate the impact of any particular factor , and thus we can give no assurance any historical seasonal patterns will continue in future periods . critical accounting policies accounting policies , methods and estimates are an integral part of the consolidated financial statements prepared by management and are based upon management 's current judgments . these judgments are normally based on knowledge and experience regarding to past and current events and assumptions about future events . certain accounting policies , methods and estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ from management 's current judgments . while there are a number of accounting policies , methods and estimates that affect our financial statements , the areas that are particularly significant include revenue recognition , accruals for the cost of purchased transportation , the fair value of acquired assets and liabilities , changes in contingent consideration , accounting for the issuance of shares and share-based compensation , the assessment of the recoverability of long-lived assets and goodwill , and the establishment of an allowance for doubtful accounts . we perform an annual impairment test for goodwill . the first step of the impairment test requires us to determine the fair value of each reporting unit , and compare the fair value to the reporting unit 's carrying amount . we have only one reporting unit . to the extent a reporting unit 's carrying amount exceeds its fair value , an indication exists that the reporting unit 's goodwill may be impaired and we must perform a second more detailed impairment assessment . the second impairment assessment involves allocating the reporting unit 's fair value to all of its recognized and unrecognized assets and liabilities in order to determine the implied fair value of the reporting unit 's goodwill as of the assessment date . the implied fair value of the reporting unit 's goodwill is then compared to the carrying amount of goodwill to quantify an impairment charge as of the assessment date . we typically perform our annual impairment test effective as of april 1 of each year , unless events or circumstances indicate , an impairment may have occurred before that time . story_separator_special_tag 29 income from operations was $ 6.4 million for the year ended june 30 , 2012 , compared to income from operations of $ 8.0 million for the year ended june 30 , 2011. other expense was $ 1.5 million for the year ended june 30 , 2012 , compared to other income of $ 1.6 million for the year ended june 30 , 2011. net income was $ 2.7 million for the year ended june 30 , 2012 , compared to net income of $ 3.5 million for the year ended june 30 , 2011. story_separator_special_tag 20 % of the amount by which the aggregate `` modified gross profit contribution `` of the acquired isla business unit during the four-year earn-out period exceeds $ 27.711 million , with such payment not to exceed $ 2.0 million . the various tier-1 earn-out payments and the tier-2 earn-out payment shall be made in a combination of cash and our common stock , as we may , at our sole discretion , elect to satisfy up to 25 % of each of the earn-out payments through the issuance of our common stock valued based upon a 30-day volume weighted average price to be calculated preceding the delivery of the shares . on february 27 , 2012 , through a wholly-owned subsidiary , rgl , the company acquired substantially all of the assets of new york based brunswicks logistics , inc. d/b/a albs logistics company ( `` albs `` ) , a privately-held company founded in 1997. at the time of the acquisition , albs provided a full range of domestic and international transportation and logistics services across north america to a diversified account base including manufacturers , distributors and retailers from its strategic international gateway location at new york-jfk airport . the transaction was structured as an asset purchase and valued at up to approximately $ 7.275 million , consisting of : ( i ) cash of $ 2.655 million paid at closing , ( ii ) $ 295,000 paid through the issuance of 142,489 shares of our restricted stock on the three-month anniversary of the closing ( valued based upon a 30-day volume weighted average price calculated preceding the delivery of the shares ) ; ( iii ) up to $ 3.325 million in aggregate `` tier-1 earn-out payments `` covering the four-year earn-out period immediately following closing ; and ( iv ) a `` tier-2 earn-out payment `` after the fourth anniversary of the closing , with such payment not to exceed $ 1.0 million . 31 credit facility in december 2011 , we amended and restated our credit facility in connection with the acquisition of isla to accommodate the addition of subordinated debt by caltius . the credit facility consists of a $ 20.0 million revolving credit facility , including a $ 1.0 million sublimit to support letters of credit and matures on november 30 , 2013. the credit facility is collateralized by accounts receivable and other assets of the company and its subsidiaries . advances under the facility are available to fund future acquisitions , capital expenditures or for other corporate purposes borrowings under the credit facility accrue interest , at the company 's option , at the bank 's prime rate minus 0.75 % to plus 0.50 % or libor plus 1.75 % to 3.00 % , and can be adjusted up or down during the term of the credit facility based on our performance relative to certain financial covenants . the credit facility is collateralized by accounts receivable and other assets of the company and its subsidiaries and provides for advances of up to 80 % of eligible domestic accounts receivable and for advances of up to 60 % of eligible foreign accounts receivable . the terms of the credit facility are subject to certain financial and operational covenants which may limit the amount otherwise available under the credit facility . the first financial covenant limits our ratio of “ funded debt ” ( as defined therein ) to consolidated ebitda ( as adjusted ) and measured on a rolling four quarter basis to 4.00 to 1 , reducing to 3.75 to 1 at december 31 , 2012 , reducing to 3.5 to 1 at december 31 , 2013 and reducing to 3.25 to 1 at december 31 , 2014. the second financial covenant limits our ratio of senior debt ( defined as amounts borrowed from bofa ) to consolidated ebitda ( as adjusted ) and measured on a rolling four quarter basis to 2.50 to 1 and reducing to 2.25 to 1 on december 31 , 2012. the third financial covenant requires that we maintain a basic fixed charge coverage ratio of at least 1.25 to 1.0. the fourth financial covenant is a minimum profitability standard that requires us not to incur a net loss before taxes , amortization of acquired intangibles and extraordinary items in any two consecutive quarterly accounting periods . the co-borrowers of the credit facility include radiant logistics , inc. , rgl ( f/k/a airgroup corporation ) , adcom express , inc. ( d/b/a adcom worldwide ) , dba ( d/b/a distribution by air ) , radiant transportation services ( `` rts `` , f/k/a radiant logistics global services , inc. ) , and rlp . rlp is owned 40 % by rgl and 60 % by rcp , an affiliate of the company 's chief executive officer . rlp has been certified as a minority business enterprise , and focuses on corporate and government accounts with diversity initiatives . as a co-borrower under the credit facility , the accounts receivable of rlp are eligible for inclusion within the overall borrowing base of the company and all borrowers will be responsible for repayment of the debt associated with advances under the credit facility , including those advanced to rlp . at june 30 , 2012 , we were in compliance with all of its covenants . as of august 31 ,

liquidity and capital resources net cash provided by operating activities for the year ended june 30 , 2012 was $ 1.8 million , compared to net cash provided by operating activities for the year ended june 30 , 2011 of $ 2.9 million . the change was principally driven by a decrease in our net income . net cash used for investing activities was $ 11.5 million for the year ended june 30 , 2012 , compared to $ 5.4 million for the year ended june 30 , 2011. use of cash in 2012 consisted of $ 7.7 million related to the acquisition of isla , $ 2.6 million related to the purchase of albs , the purchase of $ 0.7 million of fixed assets , and $ 0.5 million paid in earn-outs to the former shareholders of acquired operations . use of cash in 2011 consisted of $ 5.4 million for the acquisition of dba ( less cash acquired of $ 2.0 million ) , an additional $ 0.4 million for furniture and equipment , and $ 1.6 million paid to the former shareholders of acquired operations . net cash provided by financing activities for the year ended june 30 , 2012 was $ 9.4 million compared to $ 2.2 million for the year ended june 30 , 2011. cash from financing activities in 2012 consisted of proceeds from our credit facility of $ 1.2 million and proceeds from the issuance of debt to caltius of $ 9.4 million , repayments of notes payable to former shareholders of $ 0.9 million , $ 0.2 million in non-controlling interest distributions , and $ 0.1 million of costs of the shelf registration . use of cash for 2011 consisted of proceeds from our credit facility of $ 2.6 million and proceeds from sales of company stock to dba offices of $ 0.2 million , which amounts were offset by $ 0.5 million used to purchase shares of our common stock and $ 0.1 million in non-controlling interest distributions . recent acquisitions below are descriptions of recent material acquisitions including a breakdown of consideration paid at closing and future potential earn-out payments .


 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 net cash provided by operating activities for the year ended june 30 , 2012 was $ 1.8 million , compared to net cash provided by operating activities for the year ended june 30 , 2011 of $ 2.9 million . the change was principally driven by a decrease in our net income . net cash used for investing activities was $ 11.5 million for the year ended june 30 , 2012 , compared to $ 5.4 million for the year ended june 30 , 2011. use of cash in 2012 consisted of $ 7.7 million related to the acquisition of isla , $ 2.6 million related to the purchase of albs , the purchase of $ 0.7 million of fixed assets , and $ 0.5 million paid in earn-outs to the former shareholders of acquired operations . use of cash in 2011 consisted of $ 5.4 million for the acquisition of dba ( less cash acquired of $ 2.0 million ) , an additional $ 0.4 million for furniture and equipment , and $ 1.6 million paid to the former shareholders of acquired operations . net cash provided by financing activities for the year ended june 30 , 2012 was $ 9.4 million compared to $ 2.2 million for the year ended june 30 , 2011. cash from financing activities in 2012 consisted of proceeds from our credit facility of $ 1.2 million and proceeds from the issuance of debt to caltius of $ 9.4 million , repayments of notes payable to former shareholders of $ 0.9 million , $ 0.2 million in non-controlling interest distributions , and $ 0.1 million of costs of the shelf registration . use of cash for 2011 consisted of proceeds from our credit facility of $ 2.6 million and proceeds from sales of company stock to dba offices of $ 0.2 million , which amounts were offset by $ 0.5 million used to purchase shares of our common stock and $ 0.1 million in non-controlling interest distributions . recent acquisitions below are descriptions of recent material acquisitions including a breakdown of consideration paid at closing and future potential earn-out payments .
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 Suspicious Activity Report : our operating results will be affected as acquisitions occur . since all acquisitions are made using the purchase method of accounting for business combinations , our financial statements will only include the results of operations and cash flows of acquired companies for periods subsequent to the date of acquisition . our gaap-based net income will be affected by non-cash charges relating to the amortization of customer related intangible assets and other intangible assets attributable to completed acquisitions . under applicable accounting standards , purchasers are required to allocate the total consideration in a business combination to the identified assets acquired and liabilities assumed based on their fair values at the time of acquisition . the excess of the consideration paid over the fair value of the identifiable net assets acquired is to be allocated to goodwill , which is tested at least annually for impairment . applicable accounting standards require that we separately account for and value certain identifiable intangible assets based on the unique facts and circumstances of each acquisition . as a result of our acquisition strategy , our net income ( loss ) will include material non-cash charges relating to the amortization of customer related intangible assets and other intangible assets acquired in our acquisitions . although these charges may increase as we complete more acquisitions , we believe we will be growing the value of our intangible assets ( e.g . , customer relationships ) . thus , we believe that earnings before interest , taxes , depreciation and amortization , or ebitda , is a useful financial measure for investors because it eliminates the effect of these non-cash costs and provides an important metric for our business . further , the financial covenants of our credit facility are measured against adjusted ebitda which excludes costs related to share-based compensation expense , change in contingent consideration , extraordinary items and other non-cash charges . our compliance with the financial covenants of our borrowing arrangements is particularly important given the materiality of these facilities to our day-to-day operations and overall acquisition strategy . our debt capacity , subject to the requisite collateral at an advance rate of 80 % of eligible domestic accounts receivable and up to 60 % of eligible foreign receivables , is limited to a multiple of our consolidated ebitda ( as adjusted ) as measured on a rolling four quarter basis . if we fail to comply with these covenants and are unable to secure a waiver or other relief , our financial condition would be materiality weakened and our ability to fund day-to-day operations would be materially and adversely affected . accordingly , we intend to employ ebitda and adjusted ebitda as management tools to measure our historical financial performance and as a benchmark for future financial flexibility . 23 our operating results are also subject to seasonal trends when measured on a quarterly basis . the impact of seasonality on our business will depend on numerous factors , including the markets in which we operate , holiday seasons , consumer demand and economic conditions . since our revenue is largely derived from customers whose shipments are dependent upon consumer demand and just-in-time production schedules , the timing of our revenue is often beyond our control . factors such as shifting demand for retail goods and or manufacturing production delays could unexpectedly affect the timing of our revenue . as we increase the scale of our operations , seasonal trends in one area of our business may be offset to an extent by opposite trends in another area . we can not accurately predict the timing of these factors , nor can we accurately estimate the impact of any particular factor , and thus we can give no assurance any historical seasonal patterns will continue in future periods . critical accounting policies accounting policies , methods and estimates are an integral part of the consolidated financial statements prepared by management and are based upon management 's current judgments . these judgments are normally based on knowledge and experience regarding to past and current events and assumptions about future events . certain accounting policies , methods and estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ from management 's current judgments . while there are a number of accounting policies , methods and estimates that affect our financial statements , the areas that are particularly significant include revenue recognition , accruals for the cost of purchased transportation , the fair value of acquired assets and liabilities , changes in contingent consideration , accounting for the issuance of shares and share-based compensation , the assessment of the recoverability of long-lived assets and goodwill , and the establishment of an allowance for doubtful accounts . we perform an annual impairment test for goodwill . the first step of the impairment test requires us to determine the fair value of each reporting unit , and compare the fair value to the reporting unit 's carrying amount . we have only one reporting unit . to the extent a reporting unit 's carrying amount exceeds its fair value , an indication exists that the reporting unit 's goodwill may be impaired and we must perform a second more detailed impairment assessment . the second impairment assessment involves allocating the reporting unit 's fair value to all of its recognized and unrecognized assets and liabilities in order to determine the implied fair value of the reporting unit 's goodwill as of the assessment date . the implied fair value of the reporting unit 's goodwill is then compared to the carrying amount of goodwill to quantify an impairment charge as of the assessment date . we typically perform our annual impairment test effective as of april 1 of each year , unless events or circumstances indicate , an impairment may have occurred before that time . story_separator_special_tag 29 income from operations was $ 6.4 million for the year ended june 30 , 2012 , compared to income from operations of $ 8.0 million for the year ended june 30 , 2011. other expense was $ 1.5 million for the year ended june 30 , 2012 , compared to other income of $ 1.6 million for the year ended june 30 , 2011. net income was $ 2.7 million for the year ended june 30 , 2012 , compared to net income of $ 3.5 million for the year ended june 30 , 2011. story_separator_special_tag 20 % of the amount by which the aggregate `` modified gross profit contribution `` of the acquired isla business unit during the four-year earn-out period exceeds $ 27.711 million , with such payment not to exceed $ 2.0 million . the various tier-1 earn-out payments and the tier-2 earn-out payment shall be made in a combination of cash and our common stock , as we may , at our sole discretion , elect to satisfy up to 25 % of each of the earn-out payments through the issuance of our common stock valued based upon a 30-day volume weighted average price to be calculated preceding the delivery of the shares . on february 27 , 2012 , through a wholly-owned subsidiary , rgl , the company acquired substantially all of the assets of new york based brunswicks logistics , inc. d/b/a albs logistics company ( `` albs `` ) , a privately-held company founded in 1997. at the time of the acquisition , albs provided a full range of domestic and international transportation and logistics services across north america to a diversified account base including manufacturers , distributors and retailers from its strategic international gateway location at new york-jfk airport . the transaction was structured as an asset purchase and valued at up to approximately $ 7.275 million , consisting of : ( i ) cash of $ 2.655 million paid at closing , ( ii ) $ 295,000 paid through the issuance of 142,489 shares of our restricted stock on the three-month anniversary of the closing ( valued based upon a 30-day volume weighted average price calculated preceding the delivery of the shares ) ; ( iii ) up to $ 3.325 million in aggregate `` tier-1 earn-out payments `` covering the four-year earn-out period immediately following closing ; and ( iv ) a `` tier-2 earn-out payment `` after the fourth anniversary of the closing , with such payment not to exceed $ 1.0 million . 31 credit facility in december 2011 , we amended and restated our credit facility in connection with the acquisition of isla to accommodate the addition of subordinated debt by caltius . the credit facility consists of a $ 20.0 million revolving credit facility , including a $ 1.0 million sublimit to support letters of credit and matures on november 30 , 2013. the credit facility is collateralized by accounts receivable and other assets of the company and its subsidiaries . advances under the facility are available to fund future acquisitions , capital expenditures or for other corporate purposes borrowings under the credit facility accrue interest , at the company 's option , at the bank 's prime rate minus 0.75 % to plus 0.50 % or libor plus 1.75 % to 3.00 % , and can be adjusted up or down during the term of the credit facility based on our performance relative to certain financial covenants . the credit facility is collateralized by accounts receivable and other assets of the company and its subsidiaries and provides for advances of up to 80 % of eligible domestic accounts receivable and for advances of up to 60 % of eligible foreign accounts receivable . the terms of the credit facility are subject to certain financial and operational covenants which may limit the amount otherwise available under the credit facility . the first financial covenant limits our ratio of “ funded debt ” ( as defined therein ) to consolidated ebitda ( as adjusted ) and measured on a rolling four quarter basis to 4.00 to 1 , reducing to 3.75 to 1 at december 31 , 2012 , reducing to 3.5 to 1 at december 31 , 2013 and reducing to 3.25 to 1 at december 31 , 2014. the second financial covenant limits our ratio of senior debt ( defined as amounts borrowed from bofa ) to consolidated ebitda ( as adjusted ) and measured on a rolling four quarter basis to 2.50 to 1 and reducing to 2.25 to 1 on december 31 , 2012. the third financial covenant requires that we maintain a basic fixed charge coverage ratio of at least 1.25 to 1.0. the fourth financial covenant is a minimum profitability standard that requires us not to incur a net loss before taxes , amortization of acquired intangibles and extraordinary items in any two consecutive quarterly accounting periods . the co-borrowers of the credit facility include radiant logistics , inc. , rgl ( f/k/a airgroup corporation ) , adcom express , inc. ( d/b/a adcom worldwide ) , dba ( d/b/a distribution by air ) , radiant transportation services ( `` rts `` , f/k/a radiant logistics global services , inc. ) , and rlp . rlp is owned 40 % by rgl and 60 % by rcp , an affiliate of the company 's chief executive officer . rlp has been certified as a minority business enterprise , and focuses on corporate and government accounts with diversity initiatives . as a co-borrower under the credit facility , the accounts receivable of rlp are eligible for inclusion within the overall borrowing base of the company and all borrowers will be responsible for repayment of the debt associated with advances under the credit facility , including those advanced to rlp . at june 30 , 2012 , we were in compliance with all of its covenants . as of august 31 ,

