these estimates may change as new events occur , as additional information is obtained and as our operating environment changes . these changes have historically been minor and have been included in the consolidated financial statements as soon as they became known . based on a critical assessment of our accounting policies and the underlying judgments and uncertainties affecting the application of those policies , management believes that our consolidated financial statements are fairly stated in accordance with accounting principles generally accepted in the united states , and present a meaningful presentation of our financial condition and results of operations . we believe the following critical accounting policies reflect our more significant estimates and assumptions used in the preparation of our consolidated financial statements : risks and uncertainties  the company 's business could be impacted by price pressure on its product manufacturing , acceptance of its products in the market place , new competitors , changes in federal and or state legislation , potential acquisitions , and other factors . the company also has been experiencing significant growth which puts serious strains on its cash availability requirements . if the company is unsuccessful in securing adequate liquidity , its plans may be curtailed . adverse changes in these areas could negatively impact the company 's financial position , results of operations and cash flows . accounts receivable  accounts receivable are reported at their net realizable value . the company establishes an allowance for doubtful accounts based upon factors pertaining to the credit risk of specific customers , historical trends , and other information . delinquent accounts are written-off when it is determined that the amounts are uncollectible . inventory  inventory is reported at the lower of cost or market on the first-in , first-out ( fifo ) method . our inventory is subject to expiration and obsolescence . accordingly , quantities purchased and sell through rates are periodically monitored for potential overstocking or pending expiration as a basis for establishing the appropriate reserve for any estimated expiration or obsolescence . 19 revenue recognition  revenue is recognized when a product is shipped . the company 's revenue recognition policies are in compliance with asu no . 2014-09 , revenue from contracts with customers , which establishes core principle of the revenue recognition that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those good or services . the company recognizes revenue when all the following four criteria are met : · identify the contract ( s ) with a customer , · identify the separate performance obligations in the contract , · determine the transaction price and · allocate the transaction price to the separate performance obligations . shipping and handling charges related to sales transactions are recorded as sales revenues when billed to customers or included in the sales price . shipping and handling costs are included in cost of goods sold . research and development  the company incurs formulation costs that include salaries , materials and consultant fees . these costs are classified as product development , selling and general and administrative expenses in the consolidated statements of operations . income taxes  the company accounts for income taxes under the liability method . deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases . deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled . a valuation allowance is recorded when it is more likely than not that some portion or all of a deferred tax asset will be realized . earnings per share  the company computes basic and diluted earnings per share amounts in accordance with asc topic 260 , earnings per share . basic earnings per share is computed by dividing net income ( loss ) available to common shareholders by the weighted average number of common shares outstanding during the reporting period . diluted earnings per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock were exercised or equity awards vest resulting in the issuance of common stock that could share in the earnings of the company . results of operations the following discussion and analysis addresses the major factors that affected our operations and financial condition reflected in our consolidated financial statements for 2016 and 2015. this discussion is intended to supplement and highlight information contained in , and should be read in conjunction with , our consolidated financial statements and related notes and the selected financial data presented elsewhere in this report . year ended december 31 , 2016 to the year ended december 31 , 2015 net revenues  our total net revenue increased by $ 1,169,415 , or 9.9 % , from $ 11,777,760 for 2015 to $ 12,947,175 for 2016. the increase in net revenue was due to an increase in net revenue in the u.s. and mexico . net revenue in the u.s. increased by $ 687,061 or 8 % , from $ 8,625,778 for 2015 to $ 9,312,838 for 2016. net revenue in mexico increased by $ 482,355 , or 15.3 % from $ 3,151,982 for 2015 to $ 3,634,337 for 2016. of the increase for mexico , $ 397,422 was in net revenue for mexico and $ 84,933 , or 17.6 % was related to the strengthening of the u.s. dollar versus the mexican peso . story_separator_special_tag 21 on july 6 , 2015 , the company 's mexican subsidiary obtained another bank loan for mxn 3,150,000 or $ 201,151 , payable in monthly installments over 36 months and payment began in august 2015. as of december 31 , 2016 , the remaining outstanding amount on this bank loan was mxn $ 1,771,802 , or $ 85,743 and bears annual interest of 9.3 % . cash flows for the year ended december 31 , 2016 story_separator_special_tag business entities and all nonpublic business entities upon issuance . the company has not yet determined the effect of the adoption of this standard on the company 's consolidated financial position and results of operations . in january 2016 , the fasb issued accounting standards update 2016-01 , financial instrumentsoverall ( subtopic 825-10 ) : recognition and measurement of financial assets and financial liabilities ( asu 2016-01 ) , which addresses certain aspects of recognition , measurement , presentation and disclosure of financial statements . this guidance will be effective in the first quarter of fiscal year 2019 and early adoption is not permitted . the company is currently evaluating the impact that this guidance will have on its consolidated financial statements . 23 in september 2015 , the fasb issued asu no . 2015-16 , business combinations ( topic 805 ) : simplifying the accounting for measurement  period adjustments . this asu simplifies the accounting for adjustments made to provisional amounts recognized in a business combination ; the amendments eliminate the requirement to retrospectively account for those adjustments . this asu will require that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined . it also requires that the acquirer record , in the same period 's financial statements , the effect on earnings of changes in depreciation , amortization , or other income effects , if any , as a result of the change to the provisional amounts calculated as if the accounting had been completed at the acquisition date . this asu is effective for the annual and interim reporting periods beginning after december 15 , 2016. the adoption of this new guidance will not have a significant impact on our consolidated financial statements and disclosures . in july 2015 , the fasb issued asu no . 2015-11 , inventory : simplifying the measurement of inventory . this asu simplifies the guidance on the subsequent measurement of inventory by requiring inventory within the scope of this update to be measured at the lower of cost or net realizable value rather than the lower of cost or market . this asu is effective for the annual and interim reporting periods beginning after december 15 , 2016. the adoption of this new guidance will not have a significant impact on our consolidated financial statements and disclosures . in april 2015 , the fasb issued asu no . 2015-03 , interest - imputation of interest ( subtopic 835-30 ) : simplifying the presentation of debt issuance costs . this standard amends the existing guidance to require that debt issuance costs be presented in the balance sheet as a deduction from the carrying amount of the related debt liability instead of as a deferred charge . this asu is effective on a retrospective basis for annual and interim reporting periods beginning after december 15 , 2015 , but early adoption is permitted . the adoption of this standard is not expected to have a material impact on the company 's consolidated financial position and results of operations . the fasb has issued asu no . 2014-15 , presentation of financial statements  going concern ( subtopic 205-40 ) : disclosure of uncertainties about an entity 's ability to continue as a going concern . this asu requires management to assess every reporting period whether there is substantial doubt about the entity 's ability to continue as a going concern and to provide related footnote disclosures . the amendments define that substantial doubt exists when relevant conditions and events , considered in aggregate , indicate that it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued or available to be issued . when management identifies conditions or events that raise substantial doubt about an entity 's ability to continue as a going concern , management should disclose : ( 1 ) principal conditions or events that raised substantial doubt ; and ( 2 ) management 's evaluation of the significance of those events . further , management should also consider whether its plans that are intended to mitigate those conditions or events will alleviate the substantial doubt . if so , management should disclose information that enables users to understand those plans that alleviated the substantial doubt . the amendments in this asu are effective for the annual period ending after december 15 , 2016 , and for annual periods and interim periods thereafter . the adoption of this standard is not expected to have a material impact on the company 's consolidated financial position and results of operations . the fasb has issued asu no . 2014-12 , compensation  stock compensation ( topic 718 ) : accounting for share-based payments when the terms of an award provide that a performance target could be achieved after the requisite service period . this asu requires that a performance target that affects vesting , and that could be achieved after the requisite service period , be treated as a performance condition . as such , the performance target should not be reflected in estimating the grant date fair value of the award . this update further clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period (

cash flows from operating activities our operating activities used $ 4,245,464 in net cash for 2016 as compared to $ 2,509,212 in net cash used for 2015. the increase of $ 1,736,252 , or 69 % in net cash used for operating was due to a decreased net loss of $ 3,803,448 , a decrease in non-cash items of $ 6,890,180 , and a increase in changes in operating assets and liabilities of $ 1,350,478. for additional details , see the consolidated statements of cash flows in the consolidated financial statements . cash flows from investing activities our investing activities used $ 48,582 in net cash for 2016 as compared to $ 7,137 in net cash used for 2015. the decrease in net cash used for investing of $ 41,445 was primarily due to a reduction in the purchase of furniture and equipment . for additional details , see the consolidated statements of cash flows in the consolidated financial statements . cash flows from financing activities our financing activities used $ 88,574 in net cash for 2016 as compared to $ 5,746,595 in cash used for 2015. the change in cash flows from financing activities of $ 5,835,168 was primarily due to net proceeds from private placement of $ 4,514,000 , proceeds from the sale of common stock of $ 1,020,000 and proceeds from the issuance of warrants of $ 25,500 in 2015. for additional details , see the consolidated statements of cash flows in the consolidated financial statements . financial position total assets  our total assets decreased from $ 10,715,426 as of december 31 , 2015 , to $ 5,718,284 as of december 31 , 2016. the decrease in our total assets of $ 4,997,142 , or 47 % , is a result of an increase in current assets , partially offset by a decrease in non-current assets .


 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.
     ```cash flows from operating activities our operating activities used $ 4,245,464 in net cash for 2016 as compared to $ 2,509,212 in net cash used for 2015. the increase of $ 1,736,252 , or 69 % in net cash used for operating was due to a decreased net loss of $ 3,803,448 , a decrease in non-cash items of $ 6,890,180 , and a increase in changes in operating assets and liabilities of $ 1,350,478. for additional details , see the consolidated statements of cash flows in the consolidated financial statements . cash flows from investing activities our investing activities used $ 48,582 in net cash for 2016 as compared to $ 7,137 in net cash used for 2015. the decrease in net cash used for investing of $ 41,445 was primarily due to a reduction in the purchase of furniture and equipment . for additional details , see the consolidated statements of cash flows in the consolidated financial statements . cash flows from financing activities our financing activities used $ 88,574 in net cash for 2016 as compared to $ 5,746,595 in cash used for 2015. the change in cash flows from financing activities of $ 5,835,168 was primarily due to net proceeds from private placement of $ 4,514,000 , proceeds from the sale of common stock of $ 1,020,000 and proceeds from the issuance of warrants of $ 25,500 in 2015. for additional details , see the consolidated statements of cash flows in the consolidated financial statements . financial position total assets  our total assets decreased from $ 10,715,426 as of december 31 , 2015 , to $ 5,718,284 as of december 31 , 2016. the decrease in our total assets of $ 4,997,142 , or 47 % , is a result of an increase in current assets , partially offset by a decrease in non-current assets .
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 Suspicious Activity Report : these estimates may change as new events occur , as additional information is obtained and as our operating environment changes . these changes have historically been minor and have been included in the consolidated financial statements as soon as they became known . based on a critical assessment of our accounting policies and the underlying judgments and uncertainties affecting the application of those policies , management believes that our consolidated financial statements are fairly stated in accordance with accounting principles generally accepted in the united states , and present a meaningful presentation of our financial condition and results of operations . we believe the following critical accounting policies reflect our more significant estimates and assumptions used in the preparation of our consolidated financial statements : risks and uncertainties  the company 's business could be impacted by price pressure on its product manufacturing , acceptance of its products in the market place , new competitors , changes in federal and or state legislation , potential acquisitions , and other factors . the company also has been experiencing significant growth which puts serious strains on its cash availability requirements . if the company is unsuccessful in securing adequate liquidity , its plans may be curtailed . adverse changes in these areas could negatively impact the company 's financial position , results of operations and cash flows . accounts receivable  accounts receivable are reported at their net realizable value . the company establishes an allowance for doubtful accounts based upon factors pertaining to the credit risk of specific customers , historical trends , and other information . delinquent accounts are written-off when it is determined that the amounts are uncollectible . inventory  inventory is reported at the lower of cost or market on the first-in , first-out ( fifo ) method . our inventory is subject to expiration and obsolescence . accordingly , quantities purchased and sell through rates are periodically monitored for potential overstocking or pending expiration as a basis for establishing the appropriate reserve for any estimated expiration or obsolescence . 19 revenue recognition  revenue is recognized when a product is shipped . the company 's revenue recognition policies are in compliance with asu no . 2014-09 , revenue from contracts with customers , which establishes core principle of the revenue recognition that an entity should recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those good or services . the company recognizes revenue when all the following four criteria are met : · identify the contract ( s ) with a customer , · identify the separate performance obligations in the contract , · determine the transaction price and · allocate the transaction price to the separate performance obligations . shipping and handling charges related to sales transactions are recorded as sales revenues when billed to customers or included in the sales price . shipping and handling costs are included in cost of goods sold . research and development  the company incurs formulation costs that include salaries , materials and consultant fees . these costs are classified as product development , selling and general and administrative expenses in the consolidated statements of operations . income taxes  the company accounts for income taxes under the liability method . deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases . deferred tax assets and liabilities are measured using enacted tax rates in effect for the year in which those temporary differences are expected to be recovered or settled . a valuation allowance is recorded when it is more likely than not that some portion or all of a deferred tax asset will be realized . earnings per share  the company computes basic and diluted earnings per share amounts in accordance with asc topic 260 , earnings per share . basic earnings per share is computed by dividing net income ( loss ) available to common shareholders by the weighted average number of common shares outstanding during the reporting period . diluted earnings per share reflects the potential dilution that could occur if stock options and other commitments to issue common stock were exercised or equity awards vest resulting in the issuance of common stock that could share in the earnings of the company . results of operations the following discussion and analysis addresses the major factors that affected our operations and financial condition reflected in our consolidated financial statements for 2016 and 2015. this discussion is intended to supplement and highlight information contained in , and should be read in conjunction with , our consolidated financial statements and related notes and the selected financial data presented elsewhere in this report . year ended december 31 , 2016 to the year ended december 31 , 2015 net revenues  our total net revenue increased by $ 1,169,415 , or 9.9 % , from $ 11,777,760 for 2015 to $ 12,947,175 for 2016. the increase in net revenue was due to an increase in net revenue in the u.s. and mexico . net revenue in the u.s. increased by $ 687,061 or 8 % , from $ 8,625,778 for 2015 to $ 9,312,838 for 2016. net revenue in mexico increased by $ 482,355 , or 15.3 % from $ 3,151,982 for 2015 to $ 3,634,337 for 2016. of the increase for mexico , $ 397,422 was in net revenue for mexico and $ 84,933 , or 17.6 % was related to the strengthening of the u.s. dollar versus the mexican peso . story_separator_special_tag 21 on july 6 , 2015 , the company 's mexican subsidiary obtained another bank loan for mxn 3,150,000 or $ 201,151 , payable in monthly installments over 36 months and payment began in august 2015. as of december 31 , 2016 , the remaining outstanding amount on this bank loan was mxn $ 1,771,802 , or $ 85,743 and bears annual interest of 9.3 % . cash flows for the year ended december 31 , 2016 story_separator_special_tag business entities and all nonpublic business entities upon issuance . the company has not yet determined the effect of the adoption of this standard on the company 's consolidated financial position and results of operations . in january 2016 , the fasb issued accounting standards update 2016-01 , financial instrumentsoverall ( subtopic 825-10 ) : recognition and measurement of financial assets and financial liabilities ( asu 2016-01 ) , which addresses certain aspects of recognition , measurement , presentation and disclosure of financial statements . this guidance will be effective in the first quarter of fiscal year 2019 and early adoption is not permitted . the company is currently evaluating the impact that this guidance will have on its consolidated financial statements . 23 in september 2015 , the fasb issued asu no . 2015-16 , business combinations ( topic 805 ) : simplifying the accounting for measurement  period adjustments . this asu simplifies the accounting for adjustments made to provisional amounts recognized in a business combination ; the amendments eliminate the requirement to retrospectively account for those adjustments . this asu will require that an acquirer recognize adjustments to provisional amounts that are identified during the measurement period in the reporting period in which the adjustment amounts are determined . it also requires that the acquirer record , in the same period 's financial statements , the effect on earnings of changes in depreciation , amortization , or other income effects , if any , as a result of the change to the provisional amounts calculated as if the accounting had been completed at the acquisition date . this asu is effective for the annual and interim reporting periods beginning after december 15 , 2016. the adoption of this new guidance will not have a significant impact on our consolidated financial statements and disclosures . in july 2015 , the fasb issued asu no . 2015-11 , inventory : simplifying the measurement of inventory . this asu simplifies the guidance on the subsequent measurement of inventory by requiring inventory within the scope of this update to be measured at the lower of cost or net realizable value rather than the lower of cost or market . this asu is effective for the annual and interim reporting periods beginning after december 15 , 2016. the adoption of this new guidance will not have a significant impact on our consolidated financial statements and disclosures . in april 2015 , the fasb issued asu no . 2015-03 , interest - imputation of interest ( subtopic 835-30 ) : simplifying the presentation of debt issuance costs . this standard amends the existing guidance to require that debt issuance costs be presented in the balance sheet as a deduction from the carrying amount of the related debt liability instead of as a deferred charge . this asu is effective on a retrospective basis for annual and interim reporting periods beginning after december 15 , 2015 , but early adoption is permitted . the adoption of this standard is not expected to have a material impact on the company 's consolidated financial position and results of operations . the fasb has issued asu no . 2014-15 , presentation of financial statements  going concern ( subtopic 205-40 ) : disclosure of uncertainties about an entity 's ability to continue as a going concern . this asu requires management to assess every reporting period whether there is substantial doubt about the entity 's ability to continue as a going concern and to provide related footnote disclosures . the amendments define that substantial doubt exists when relevant conditions and events , considered in aggregate , indicate that it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued or available to be issued . when management identifies conditions or events that raise substantial doubt about an entity 's ability to continue as a going concern , management should disclose : ( 1 ) principal conditions or events that raised substantial doubt ; and ( 2 ) management 's evaluation of the significance of those events . further , management should also consider whether its plans that are intended to mitigate those conditions or events will alleviate the substantial doubt . if so , management should disclose information that enables users to understand those plans that alleviated the substantial doubt . the amendments in this asu are effective for the annual period ending after december 15 , 2016 , and for annual periods and interim periods thereafter . the adoption of this standard is not expected to have a material impact on the company 's consolidated financial position and results of operations . the fasb has issued asu no . 2014-12 , compensation  stock compensation ( topic 718 ) : accounting for share-based payments when the terms of an award provide that a performance target could be achieved after the requisite service period . this asu requires that a performance target that affects vesting , and that could be achieved after the requisite service period , be treated as a performance condition . as such , the performance target should not be reflected in estimating the grant date fair value of the award . this update further clarifies that compensation cost should be recognized in the period in which it becomes probable that the performance target will be achieved and should represent the compensation cost attributable to the period (

