key elements of our business strategy include : ● educating third-party payors on the disproportionately high cost of their population with unaddressed behavioral health conditions that worsen medical comorbidities ; ● demonstrating the potential for improved clinical outcomes and reduced cost associated with using our on trak solution with third-party payors ; ● providing our on trak solution to third-party payors for reimbursement on a case rate , fee for service , or monthly fee basis ; and ● generating outcomes data from our on trak solution to demonstrate cost reductions and facilitate broader adoption . key elements of our growth strategy include : ● expansion of our outreach pool ● evolving our economic and clinical model ● ensuring scalability ● creating a winning culture 21 reporting segment we manage and report our operations through one business segment : healthcare services . the healthcare services segment includes the on t rak solutions marketed to health plans and other third party payors . summary financial information for our reportable segment is as follows : results of operations the table below and the discussion that follows summarize our results of operations and certain selected operating statistics for the last two fiscal years ended december 31 , 2018 and 2017 : replace_table_token_1_th year ended december 31 , 2018 compared w ith year ended december 31 , 2017 summary of consolidated operating results loss from operations before provision for income taxes for the year ended december 31 , 2018 was $ 14.2 million compared with $ 13.6 million for the year ended december 31 , 2017. our $ 7.5 million increase in revenues were offset by the investment in cost of healthcare services due to the increase in headcount needed to service our increase in enrolled members , investments in technology and product to drive efficiencies , and included a non-cash share-based compensation expense of $ 2.1 million related to options issued in december 2017 and throughout 2018. revenues during the year ended december 31 , 2018 , we launched enrollment with three new health plans in the states of illinois , tennessee and california , expanded with several of our current health plans into new service lines , and expanded with another of our health plans into four new states . we have continued to increase enrollment , which has resulted in a net increase in the number of patients enrolled in our on trak solutions compared with the same period in 2017 , this was offset by the timing of billing for certain members who we bill on a per claim basis . for the year ended december 31 , 2018 newly enrolled members increased by 120 % over the same period in 2017. recognized revenue increased by $ 7.5 million , or 97 % , for the year ended december 31 , 2018 , compared with the same period in 2017 , respectively . 22 operating expenses cost of healthcare services cost of healthcare services consists primarily of salaries related to our care coaches , outreach specialists , healthcare provider claims payments to our network of physicians and psychologists , and fees charged by our third party administrators for processing these claims . the increase of $ 4.7 million , or 74 % , for the year ended december 31 , 2018 , compared with the same period in 2017 , respectively , relates primarily to the increase in members being treated , the addition of care coaches , outreach specialists , community care coordinators and other staff to manage the increasing number of enrolled members . in addition , we hire staff in preparation for anticipated future customer contracts and corresponding increases in members eligible for on trak . general and administrative expenses total general and administrative expense increased by $ 5.6 million , or 47 % , for the year ended december 31 , 2018 , compared with the same period in 2017. the increase in general and administrative expenses was primarily related to investments in data science , it and software development to support growth and drive efficiency . in addition , there was an increase of approximately $ 2.1 million in non-cash share-based compensation expense during the twelve months of 2018 related to the issuance of stock options in december 2017 and throughout 2018. we expect our general and administrative expenses to increase for the foreseeable future as we continue to grow our business . however , we expect our general and administrative expenses to decrease significantly as a percentage of our total revenue over the next several years . our general and administrative expenses may fluctuate as a percentage of our total revenue from period to period due to the seasonality of our total revenue and the timing and extent of our general and administrative expenses . interest expense interest expense decreased by approximately $ 2.8 million year ended december 31 , 2018 compared with the same periods in 2017. the decrease during the year ended december 31 , 2018 primarily relates to the convertible debentures and warrants issued in connection with our convertible debentures during 2017. the majority of these instruments were either converted to equity or paid in full in april 2017 and as a result interest expense significantly decreased for the year ended december 31 , 2018. this was partially offset by the interest expense incurred in 2018 related to the issuance of the venture loan and security agreement with horizon technology finance corporation and amortization of debt discount associated with the loan . story_separator_special_tag for example , the assumptions we have made for the expected volatility of our stock price have been based on the historical volatility of our stock , measured over a period generally commensurate with the expected term . if we were to use a different volatility than the actual volatility of our stock price , there may be a significant variance in the amounts of share-based expense from the amounts reported . the weighted average expected option term for the year ended december 31 , 2018 and 2017 reflects the application of the simplified method set out in sec staff accounting bulletin no . 107 , which defines the life as the average of the contractual term of the options and the weighted average vesting period for all option tranches . from time to time , we retain terminated employees as part-time consultants upon their resignation from the company . because the employees continue to provide services to us , their options continue to vest in accordance with the terms set forth under their original grants . due to the change in classification of the option awards , the options are considered modified at the date of termination . the modifications are treated as exchanges of the original awards in return for the issuance of new awards . at the date of termination , the unvested options are no longer accounted for as employee awards and are accounted for as new non-employee awards . the accounting for the portion of the total grants that have already vested and have been previously expensed as equity awards is not changed . there were no employees moved to consulting status for the year ended december 31 , 2018 and 2017 , respectively . recently issued or newly adopted accounting pronouncements in august 2018 , the fasb issued accounting standard update ( “ asu ” ) no . 2018-13 , fair value measurement ( topic 820 ) , which modifies the disclosure requirements on fair value measurements in topic 820 , fair value measurement , including , among other changes , the consideration of costs and benefits when evaluating disclosure requirements . for public companies , the amendments are effective for annual reporting periods beginning after december 15 , 2019 , including interim periods within those annual periods . early adoption is permitted . we are currently assessing the impact that adopting this new accounting guidance will have on its financial statements and footnote disclosures . 26 in june 2018 , the fasb issued asu 2018-07 , improvements to nonemployee share-based payment accounting ( “ asu 2018-07 ” ) , which supersedes asc 505-50 and expands the scope of asc 718 to include all share-based payments arrangements related to the acquisition of goods and services from both employees and nonemployees . for public companies , the amendments are effective for annual reporting periods beginning after december 15 , 2018 , including interim periods within those annual periods . early adoption is permitted , but no earlier than a company 's adoption date of asc 606. we do not believe that the adoption of asu 2018-07 will have a material impact on our consolidated financial statements . in july 2017 , the fasb issued asu 2017-11 , earnings per share ( topic 260 ) ; distinguishing liabilities from equity ( topic 480 ) ; derivatives and hedging ( topic 815 ) : ( part i ) accounting for certain financial instruments with down round features , ( part ii ) replacement of the indefinite deferral for mandatorily redeemable financial instruments of certain nonpublic entities and certain mandatorily redeemable noncontrolling interests with a scope exception ( “ asu 2017-11 ” ) . the amendments in this update are intended to simplify the accounting for certain equity linked financial instruments and embedded features with down round features that result in the strike price being reduced on the basis of the pricing of future equity offerings . under the new guidance , a down round feature will no longer need to be considered when determining whether certain financial instruments or embedded features should be classified as liabilities or equity instruments . that is , a down round feature will no longer preclude equity classification when assessing whether an instrument or embedded feature is indexed to an entity 's own stock . in addition , the amendments clarify existing disclosure requirements for equity-classified instruments . these amendments are effective for fiscal years , and interim periods within those years , beginning after december 15 , 2018 , with early adoption permitted . we do not believe that the adoption of asu 2017-11 will have a material impact on our consolidated financial statements . in november 2016 , the fasb issued asu no . 2016-18 , statement of cash flows ( topic 230 ) : restricted cash ( “ asu 2016-18 ” ) , which clarifies the presentation of restricted cash in the statements of cash flows . under asu 2016-18 , restricted cash is included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statements of cash flows . the company adopted asu 2016-18 as of january 1 , 2018. the following is a summary of cash , cash equivalents and restricted cash total as presented in the statements of cash flows for the years december 31 , 2018 , and 2017 : ( in thousands ) 2018 2017 cash and cash equivalents $ 3,091 $ 4,779 restricted cash ( current and long-term ) 479 - total cash , cash equivalents and restricted cash $ 3,570 $ 4,779 in april 2016 , the fasb issued asu 2016-10 , revenue from contracts with customers ( topic 606 ) ( “ asu 2016-10 ” ) , which amends certain aspects of the board 's new revenue standard , asu 2014-09 , revenue from contracts with customers . the standard should be adopted concurrently with adoption of asu 2014-09 , which is effective for annual

y and capital resources cash , cash equivalents and restricted cash was $ 3.6 million as of december 31 , 2018. as of march 19 , 2019 , we had a balance of approximately $ 2.5 million cash on hand . we had working capital deficit of approximately $ 2.2 million as of december 31 , 2018. we have incurred significant net losses and negative operating cash flows since our inception . we expect to continue to incur negative cash flows and net losses for the next twelve months . our average cash burn rate is approximately $ 762,000 per month . we expect our current cash resources to cover expenses through at least the next twelve months , however , delays in cash collections , revenue , or unforeseen expenditures could impact this estimate . 23 in june 2018 , we entered into a venture loan and security agreement ( the “ loan agreement ” ) with horizon technology finance corporation ( the “ horizon ” ) , which provides for up to $ 7.5 million in loans to the company , including initial loans in the amount of $ 5.0 million funded upon signing of the loan agreement . an additional $ 2.5 million loan was subject to the company 's achievement of billings of not less than $ 5.0 million during any three consecutive month period on or prior to november 30 , 2018. in august 2018 , we incurred the additional $ 2.5 million loan as a result of our achievement of the trailing three month billings exceeding $ 5.0 million on or prior to november 30 , 2018. also , in june 2018 , we entered into a loan and security agreement in connection with a $ 2.5 million receivables financing facility with corporate finance , a division of heritage bank of commerce ( the “ a/r facility ” ) . the a/r facility provides for the borrower entities to borrow up to 85 % of the company 's eligible accounts receivable , as defined in the a/r facility .


 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.
     ```y and capital resources cash , cash equivalents and restricted cash was $ 3.6 million as of december 31 , 2018. as of march 19 , 2019 , we had a balance of approximately $ 2.5 million cash on hand . we had working capital deficit of approximately $ 2.2 million as of december 31 , 2018. we have incurred significant net losses and negative operating cash flows since our inception . we expect to continue to incur negative cash flows and net losses for the next twelve months . our average cash burn rate is approximately $ 762,000 per month . we expect our current cash resources to cover expenses through at least the next twelve months , however , delays in cash collections , revenue , or unforeseen expenditures could impact this estimate . 23 in june 2018 , we entered into a venture loan and security agreement ( the “ loan agreement ” ) with horizon technology finance corporation ( the “ horizon ” ) , which provides for up to $ 7.5 million in loans to the company , including initial loans in the amount of $ 5.0 million funded upon signing of the loan agreement . an additional $ 2.5 million loan was subject to the company 's achievement of billings of not less than $ 5.0 million during any three consecutive month period on or prior to november 30 , 2018. in august 2018 , we incurred the additional $ 2.5 million loan as a result of our achievement of the trailing three month billings exceeding $ 5.0 million on or prior to november 30 , 2018. also , in june 2018 , we entered into a loan and security agreement in connection with a $ 2.5 million receivables financing facility with corporate finance , a division of heritage bank of commerce ( the “ a/r facility ” ) . the a/r facility provides for the borrower entities to borrow up to 85 % of the company 's eligible accounts receivable , as defined in the a/r facility .
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 Suspicious Activity Report : key elements of our business strategy include : ● educating third-party payors on the disproportionately high cost of their population with unaddressed behavioral health conditions that worsen medical comorbidities ; ● demonstrating the potential for improved clinical outcomes and reduced cost associated with using our on trak solution with third-party payors ; ● providing our on trak solution to third-party payors for reimbursement on a case rate , fee for service , or monthly fee basis ; and ● generating outcomes data from our on trak solution to demonstrate cost reductions and facilitate broader adoption . key elements of our growth strategy include : ● expansion of our outreach pool ● evolving our economic and clinical model ● ensuring scalability ● creating a winning culture 21 reporting segment we manage and report our operations through one business segment : healthcare services . the healthcare services segment includes the on t rak solutions marketed to health plans and other third party payors . summary financial information for our reportable segment is as follows : results of operations the table below and the discussion that follows summarize our results of operations and certain selected operating statistics for the last two fiscal years ended december 31 , 2018 and 2017 : replace_table_token_1_th year ended december 31 , 2018 compared w ith year ended december 31 , 2017 summary of consolidated operating results loss from operations before provision for income taxes for the year ended december 31 , 2018 was $ 14.2 million compared with $ 13.6 million for the year ended december 31 , 2017. our $ 7.5 million increase in revenues were offset by the investment in cost of healthcare services due to the increase in headcount needed to service our increase in enrolled members , investments in technology and product to drive efficiencies , and included a non-cash share-based compensation expense of $ 2.1 million related to options issued in december 2017 and throughout 2018. revenues during the year ended december 31 , 2018 , we launched enrollment with three new health plans in the states of illinois , tennessee and california , expanded with several of our current health plans into new service lines , and expanded with another of our health plans into four new states . we have continued to increase enrollment , which has resulted in a net increase in the number of patients enrolled in our on trak solutions compared with the same period in 2017 , this was offset by the timing of billing for certain members who we bill on a per claim basis . for the year ended december 31 , 2018 newly enrolled members increased by 120 % over the same period in 2017. recognized revenue increased by $ 7.5 million , or 97 % , for the year ended december 31 , 2018 , compared with the same period in 2017 , respectively . 22 operating expenses cost of healthcare services cost of healthcare services consists primarily of salaries related to our care coaches , outreach specialists , healthcare provider claims payments to our network of physicians and psychologists , and fees charged by our third party administrators for processing these claims . the increase of $ 4.7 million , or 74 % , for the year ended december 31 , 2018 , compared with the same period in 2017 , respectively , relates primarily to the increase in members being treated , the addition of care coaches , outreach specialists , community care coordinators and other staff to manage the increasing number of enrolled members . in addition , we hire staff in preparation for anticipated future customer contracts and corresponding increases in members eligible for on trak . general and administrative expenses total general and administrative expense increased by $ 5.6 million , or 47 % , for the year ended december 31 , 2018 , compared with the same period in 2017. the increase in general and administrative expenses was primarily related to investments in data science , it and software development to support growth and drive efficiency . in addition , there was an increase of approximately $ 2.1 million in non-cash share-based compensation expense during the twelve months of 2018 related to the issuance of stock options in december 2017 and throughout 2018. we expect our general and administrative expenses to increase for the foreseeable future as we continue to grow our business . however , we expect our general and administrative expenses to decrease significantly as a percentage of our total revenue over the next several years . our general and administrative expenses may fluctuate as a percentage of our total revenue from period to period due to the seasonality of our total revenue and the timing and extent of our general and administrative expenses . interest expense interest expense decreased by approximately $ 2.8 million year ended december 31 , 2018 compared with the same periods in 2017. the decrease during the year ended december 31 , 2018 primarily relates to the convertible debentures and warrants issued in connection with our convertible debentures during 2017. the majority of these instruments were either converted to equity or paid in full in april 2017 and as a result interest expense significantly decreased for the year ended december 31 , 2018. this was partially offset by the interest expense incurred in 2018 related to the issuance of the venture loan and security agreement with horizon technology finance corporation and amortization of debt discount associated with the loan . story_separator_special_tag for example , the assumptions we have made for the expected volatility of our stock price have been based on the historical volatility of our stock , measured over a period generally commensurate with the expected term . if we were to use a different volatility than the actual volatility of our stock price , there may be a significant variance in the amounts of share-based expense from the amounts reported . the weighted average expected option term for the year ended december 31 , 2018 and 2017 reflects the application of the simplified method set out in sec staff accounting bulletin no . 107 , which defines the life as the average of the contractual term of the options and the weighted average vesting period for all option tranches . from time to time , we retain terminated employees as part-time consultants upon their resignation from the company . because the employees continue to provide services to us , their options continue to vest in accordance with the terms set forth under their original grants . due to the change in classification of the option awards , the options are considered modified at the date of termination . the modifications are treated as exchanges of the original awards in return for the issuance of new awards . at the date of termination , the unvested options are no longer accounted for as employee awards and are accounted for as new non-employee awards . the accounting for the portion of the total grants that have already vested and have been previously expensed as equity awards is not changed . there were no employees moved to consulting status for the year ended december 31 , 2018 and 2017 , respectively . recently issued or newly adopted accounting pronouncements in august 2018 , the fasb issued accounting standard update ( “ asu ” ) no . 2018-13 , fair value measurement ( topic 820 ) , which modifies the disclosure requirements on fair value measurements in topic 820 , fair value measurement , including , among other changes , the consideration of costs and benefits when evaluating disclosure requirements . for public companies , the amendments are effective for annual reporting periods beginning after december 15 , 2019 , including interim periods within those annual periods . early adoption is permitted . we are currently assessing the impact that adopting this new accounting guidance will have on its financial statements and footnote disclosures . 26 in june 2018 , the fasb issued asu 2018-07 , improvements to nonemployee share-based payment accounting ( “ asu 2018-07 ” ) , which supersedes asc 505-50 and expands the scope of asc 718 to include all share-based payments arrangements related to the acquisition of goods and services from both employees and nonemployees . for public companies , the amendments are effective for annual reporting periods beginning after december 15 , 2018 , including interim periods within those annual periods . early adoption is permitted , but no earlier than a company 's adoption date of asc 606. we do not believe that the adoption of asu 2018-07 will have a material impact on our consolidated financial statements . in july 2017 , the fasb issued asu 2017-11 , earnings per share ( topic 260 ) ; distinguishing liabilities from equity ( topic 480 ) ; derivatives and hedging ( topic 815 ) : ( part i ) accounting for certain financial instruments with down round features , ( part ii ) replacement of the indefinite deferral for mandatorily redeemable financial instruments of certain nonpublic entities and certain mandatorily redeemable noncontrolling interests with a scope exception ( “ asu 2017-11 ” ) . the amendments in this update are intended to simplify the accounting for certain equity linked financial instruments and embedded features with down round features that result in the strike price being reduced on the basis of the pricing of future equity offerings . under the new guidance , a down round feature will no longer need to be considered when determining whether certain financial instruments or embedded features should be classified as liabilities or equity instruments . that is , a down round feature will no longer preclude equity classification when assessing whether an instrument or embedded feature is indexed to an entity 's own stock . in addition , the amendments clarify existing disclosure requirements for equity-classified instruments . these amendments are effective for fiscal years , and interim periods within those years , beginning after december 15 , 2018 , with early adoption permitted . we do not believe that the adoption of asu 2017-11 will have a material impact on our consolidated financial statements . in november 2016 , the fasb issued asu no . 2016-18 , statement of cash flows ( topic 230 ) : restricted cash ( “ asu 2016-18 ” ) , which clarifies the presentation of restricted cash in the statements of cash flows . under asu 2016-18 , restricted cash is included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statements of cash flows . the company adopted asu 2016-18 as of january 1 , 2018. the following is a summary of cash , cash equivalents and restricted cash total as presented in the statements of cash flows for the years december 31 , 2018 , and 2017 : ( in thousands ) 2018 2017 cash and cash equivalents $ 3,091 $ 4,779 restricted cash ( current and long-term ) 479 - total cash , cash equivalents and restricted cash $ 3,570 $ 4,779 in april 2016 , the fasb issued asu 2016-10 , revenue from contracts with customers ( topic 606 ) ( “ asu 2016-10 ” ) , which amends certain aspects of the board 's new revenue standard , asu 2014-09 , revenue from contracts with customers . the standard should be adopted concurrently with adoption of asu 2014-09 , which is effective for annual

