transition networks with over 30 years of growth and expertise in hardware and software development , transition networks offers customers the ability to affordably integrate the benefits of fiber optics into any data network , in any application , and in any environment . offering support for multiple protocols , any interface , and a multitude of hardware platforms , transition networks ' portfolio gives customers the power to deliver and manage network traffic reliably over fiber . transition networks distributes hardware-based connectivity solutions exclusively through a network of resellers in over 90 countries . jdl technologies jdl technologies provides technology services and infrastructure to the commercial , healthcare and education market segments . the company 's portfolio of technology solutions includes managed services , virtualization and cloud solutions , wired and wireless network design and implementation services , and converged infrastructure configuration and deployment . jdl has provided many of these technology services to the school board of broward county , florida , the sixth largest public school district in the u.s. , for more than a decade , and also provides these services to a number of commercial and healthcare clients . net2edge net2edge has been created to focus on the service provider/communications markets . designing , manufacturing and marketing carrier ethernet based network access devices and software that will revolutionize the near future evolution to the next wave of network modernization . carrier ethernet is the standard universal service provider delivery system based on the internationally recognized mef service standards . net2edge has created significant market differentiation by enabling legacy services over carrier ethernet access devices . service providers all over the world still have vast old networks which are expensive to operate , maintain and manage yet have millions of subscribers . net2edge helps resolve that challenge by bringing these legacy services in to the 21 st century network . key 2016 developments ● the company 's 2016 sales were $ 99.4 million , a 8 % decrease from 2015 sales of $ 107.7 million . ● the company 's 2016 net loss was $ 8.1 million , or ( $ 0.92 ) per diluted share , compared to net loss of $ 9.6 million or ( $ 1.11 ) per diluted share in fiscal 2015 . ● at 2016 year end , the company had cash , cash equivalents and investments of $ 16.2 million and positive working capital of $ 44.0 million compared to cash , cash equivalents and investments of $ 21.3 million and working capital of $ 46.4 million at december 31 , 2015 . ● suttle sales decreased 16 % to $ 42.1 million in 2016 from $ 50.1 million in 2015 , primarily due to a decrease in international sales and in sales to its largest telecommunications customer . suttle had an operating loss of $ 8.6 million in 2016 compared to an operating loss of $ 6.4 million in 2015 . ● transition networks sales decreased 1 % to $ 41.1 million in 2016 from $ 41.4 million in 2015. transition had operating income of $ 0.3 million in 2016 compared to an operating loss of $ 1.2 million in 2015 . 21 ● sales by jdl technologies decreased 1 % to $ 15.5 million in 2016 from $ 15.7 million in 2015. jdl had operating income of $ 1.9 million in 2016 compared to operating income of $ 1.2 million in 2015 . ● sales from net2edge increased 38 % to $ 1.9 million in 2016 from $ 1.4 million in 2015. net2edge had an operating loss of $ 2.2 million compared to an operating loss of $ 2.8 million in 2015 . ● the company 's r & d investment in 2016 was $ 5.4 million , or 5.4 % of consolidated sales , compared to $ 8.3 million , or 7.7 % of consolidated sales in 2015. forward looking statements in this report and from time to time , in reports filed with the securities and exchange commission , in press releases , and in other communications to shareholders or the investing public , we may make “ forward looking statements ” within the meaning of the private securities litigation reform act of 1995. we may make these forward looking statements concerning possible or anticipated future financial performance , business activities , plans , pending claims , investigations or litigation , which are typically preceded by the words “ believes , ” “ expects , ” “ anticipates , ” “ intends ” or similar expressions . for these forward-looking statements , the company claims the protection of the safe harbor for forward-looking statements contained in federal securities laws . shareholders and the investing public should understand that these forward looking statements are subject to risks and uncertainties that could cause actual performance , activities , anticipated results , outcomes or plans to differ significantly from those indicated in the forward-looking statements . for a detailed discussion of a number of such risk factors , please see item 1a above . critical accounting policies inventory valuation : we value inventories at the lower of cost or market . reserves for excess and obsolescence are estimated and recorded to reduce the carrying value to estimated net realizable value . the amount of the reserve is determined based on historical usage , projected sales information , plans for discontinued products and other factors . though management considers these reserves adequate and proper , changes in sales volumes due to unexpected economic or competitive conditions are among the factors that could materially affect the adequacy of this reserve . income taxes : in the preparation of the company 's consolidated financial statements , management calculates income taxes . story_separator_special_tag 2015 compared to 2014 consolidated sales were $ 107,670,000 in 2015 , a 10 % decrease from sales of $ 119,071,000 in 2014. consolidated operating loss was $ 10,506,000 in 2015 as compared to income of $ 3,293,000 in 2014. net loss in 2015 was $ 9,648,000 , or ( $ 1.11 ) per share compared to net income of $ 1,962,000 or $ 0.23 per share in 2014. suttle results suttle sales decreased 26 % to $ 50,082,000 in 2015 compared to $ 67,331,000 in 2014. sales by product groups in 2015 and 2014 were : replace_table_token_10_th 25 suttle 's sales by customer groups in 2015 and 2014 were : replace_table_token_11_th the decrease in sales is due primarily to increase pricing pressure and volume declines in suttle 's legacy product lines . sales to the telecommunication customers decreased 30 % to $ 39,809,000 in 2015 compared to $ 56,882,000 in 2014 due to a disrupted order cycle at a major customer that significantly curtailed its 2015 purchasing , and overall decline in legacy product lines . sales to these customers accounted for 79 % of suttle 's sales in 2015 compared to 84 % of sales in 2014. sales to distributors decreased 49 % and accounted for 6 % of sales in 2015 compared to 9 % in 2014. international sales accounted for 15 % of suttle 's 2015 sales and increased 60 % compared to 2014 due to the ordering cycle of dsl products and introduction of new products used in fttx deployments for a major customer . sales of structured cabling and connecting system products decreased 30 % primarily due to reduced demand from major customers and shifts in technology . sales of dsl and other products increased 19 % due to increased orders from a major international customer . suttle 's gross margin decreased 58 % to $ 8,850,000 in 2015 compared to $ 20,992,000 in 2014. the gross margin percentage decreased to 18 % in 2015 as compared to 31 % in 2014 due to increased pricing pressure at a major customer and high production variances due to decreased demand , as well as continued investment into production capabilities to support new fttx product platforms . selling , general and administrative expenses increased $ 896,000 , or 6 % to $ 15,285,000 , or 31 % of sales , in 2015 compared to $ 14,389,000 in 2014 , or 21 % of sales , due to investment into fiber and active capabilities to support new product platforms . suttle had an operating loss of $ 6,435,000 in 2015 compared to income of $ 6,603,000 in 2014. transition networks transition networks sales decreased 1 % to $ 41,469,000 in 2015 compared to $ 41,945,000 in 2014. transition networks organizes its sales force by vertical markets and segments its customers geographically . sales by customer groups in 2015 and 2014 were : replace_table_token_12_th the following table summarizes transition networks ' 2015 and 2014 sales by product group : replace_table_token_13_th 26 sales in north america decreased 2 % or $ 628,000 compared to 2014 due primarily to delays in federal government purchases . international sales increased $ 152,000 , or 1 % , due to gains in emea . gross margin decreased 3 % to $ 17,767,000 in 2015 compared to $ 18,406,000 in 2014. gross margin as a percentage of sales decreased to 43 % in 2015 compared to 44 % in 2014 due to unfavorable product mix . selling , general and administrative expenses increased 2 % to $ 19,005,000 , or 46 % of sales , in 2015 from $ 18,645,000 in 2014 , or 44 % of sales due to increased selling and engineering expenses . operating loss was $ 1,238,000 in 2015 compared to an operating loss of $ 477,000 in 2014. jdl technologies , inc. sales by jdl technologies , inc. increased 83 % to $ 15,672,000 in 2015 compared to $ 8,567,000 in 2014. the following table summarizes jdl 's revenues by customer group in 2015 and 2014 : replace_table_token_14_th revenues earned in broward county fl schools increased $ 5,187,000 or 80 % in 2015 as work began on a new multimillion dollar contract to deliver enhanced technology , modern it infrastructure and expanded wireless coverage to the district . jdl recognized no revenues from miami-dade county public schools due to completion of that district 's wireless classroom initiative , which had been funded under the e-rate program . revenue from jdl technologies ' sales to small and medium sized commercial businesses ( smbs ) increased by 105 % or $ 2,037,000 primarily due to continued robust sales of the company 's managed services as well as the revenue generated through the acquisition of twisted technologies in june of 2015. jdl gross margin increased 144 % to $ 4,806,000 in 2015 compared to $ 1,968,000 in 2014. gross margin as a percentage of sales increased to 31 % in 2015 from 23 % in 2014. this reflects , in part , jdl 's success in providing more profitable services for the commercial sector and its continuing evolution away from typically narrow margin e-rate funded projects for smaller or rural school districts . selling , general and administrative expenses increased 28 % in 2015 to $ 3,635,000 , or 23 % of sales , compared to $ 2,846,000 in 2014 , or 33 % of sales , due to strategic investments in staff , systems and product development to support growth and client retention . jdl reported operating income of $ 1,171,000 in 2015 compared to an operating loss of $ 878,000 in 2014. net2edge net2edge 's sales decreased 16 % to $ 1,353,000 in 2015 compared to $ 1,619,000 in 2014. gross margin decreased 10 % to $ 715,000 in 2015 compared to $ 793,000 in 2014. gross margin as a percentage of sales increased to 53 % in 2015 from 49 % in 2014. selling , general and administrative expenses

liquidity and capital resources as of december 31 , 2016 , the company had approximately $ 16,249,000 in cash , cash equivalents and investments . of this amount , $ 3,851,000 was invested in short-term money market funds that are not considered to be bank deposits and are not insured or guaranteed by the fdic or other government agency . these money market funds seek to preserve the value of the investment at $ 1.00 per share ; however , it is possible to lose money investing in these funds . the remainder in cash and cash equivalents is operating cash and certificates of deposit , which are fully insured through the fdic . the company also had $ 5,805,000 in investments consisting of certificates of deposit and corporate notes and bonds that are traded on the open market and are classified as available-for-sale at december 31 , 2016. the company had working capital of $ 44,005,000 , consisting of current assets of approximately $ 55,373,000 and current liabilities of $ 11,368,000 at december 31 , 2016 compared to working capital of $ 46,449,000 , consisting of current assets of $ 61,890,000 and current liabilities of $ 15,441,000 at the end of 2015. the company 's working capital at december 31 , 2015 decreased from the prior year-end as the company decreased its inventory as part of a concerted effort to more efficiently manage its inventory and begin to phase out specific legacy products .


 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 as of december 31 , 2016 , the company had approximately $ 16,249,000 in cash , cash equivalents and investments . of this amount , $ 3,851,000 was invested in short-term money market funds that are not considered to be bank deposits and are not insured or guaranteed by the fdic or other government agency . these money market funds seek to preserve the value of the investment at $ 1.00 per share ; however , it is possible to lose money investing in these funds . the remainder in cash and cash equivalents is operating cash and certificates of deposit , which are fully insured through the fdic . the company also had $ 5,805,000 in investments consisting of certificates of deposit and corporate notes and bonds that are traded on the open market and are classified as available-for-sale at december 31 , 2016. the company had working capital of $ 44,005,000 , consisting of current assets of approximately $ 55,373,000 and current liabilities of $ 11,368,000 at december 31 , 2016 compared to working capital of $ 46,449,000 , consisting of current assets of $ 61,890,000 and current liabilities of $ 15,441,000 at the end of 2015. the company 's working capital at december 31 , 2015 decreased from the prior year-end as the company decreased its inventory as part of a concerted effort to more efficiently manage its inventory and begin to phase out specific legacy products .
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 Suspicious Activity Report : transition networks with over 30 years of growth and expertise in hardware and software development , transition networks offers customers the ability to affordably integrate the benefits of fiber optics into any data network , in any application , and in any environment . offering support for multiple protocols , any interface , and a multitude of hardware platforms , transition networks ' portfolio gives customers the power to deliver and manage network traffic reliably over fiber . transition networks distributes hardware-based connectivity solutions exclusively through a network of resellers in over 90 countries . jdl technologies jdl technologies provides technology services and infrastructure to the commercial , healthcare and education market segments . the company 's portfolio of technology solutions includes managed services , virtualization and cloud solutions , wired and wireless network design and implementation services , and converged infrastructure configuration and deployment . jdl has provided many of these technology services to the school board of broward county , florida , the sixth largest public school district in the u.s. , for more than a decade , and also provides these services to a number of commercial and healthcare clients . net2edge net2edge has been created to focus on the service provider/communications markets . designing , manufacturing and marketing carrier ethernet based network access devices and software that will revolutionize the near future evolution to the next wave of network modernization . carrier ethernet is the standard universal service provider delivery system based on the internationally recognized mef service standards . net2edge has created significant market differentiation by enabling legacy services over carrier ethernet access devices . service providers all over the world still have vast old networks which are expensive to operate , maintain and manage yet have millions of subscribers . net2edge helps resolve that challenge by bringing these legacy services in to the 21 st century network . key 2016 developments ● the company 's 2016 sales were $ 99.4 million , a 8 % decrease from 2015 sales of $ 107.7 million . ● the company 's 2016 net loss was $ 8.1 million , or ( $ 0.92 ) per diluted share , compared to net loss of $ 9.6 million or ( $ 1.11 ) per diluted share in fiscal 2015 . ● at 2016 year end , the company had cash , cash equivalents and investments of $ 16.2 million and positive working capital of $ 44.0 million compared to cash , cash equivalents and investments of $ 21.3 million and working capital of $ 46.4 million at december 31 , 2015 . ● suttle sales decreased 16 % to $ 42.1 million in 2016 from $ 50.1 million in 2015 , primarily due to a decrease in international sales and in sales to its largest telecommunications customer . suttle had an operating loss of $ 8.6 million in 2016 compared to an operating loss of $ 6.4 million in 2015 . ● transition networks sales decreased 1 % to $ 41.1 million in 2016 from $ 41.4 million in 2015. transition had operating income of $ 0.3 million in 2016 compared to an operating loss of $ 1.2 million in 2015 . 21 ● sales by jdl technologies decreased 1 % to $ 15.5 million in 2016 from $ 15.7 million in 2015. jdl had operating income of $ 1.9 million in 2016 compared to operating income of $ 1.2 million in 2015 . ● sales from net2edge increased 38 % to $ 1.9 million in 2016 from $ 1.4 million in 2015. net2edge had an operating loss of $ 2.2 million compared to an operating loss of $ 2.8 million in 2015 . ● the company 's r & d investment in 2016 was $ 5.4 million , or 5.4 % of consolidated sales , compared to $ 8.3 million , or 7.7 % of consolidated sales in 2015. forward looking statements in this report and from time to time , in reports filed with the securities and exchange commission , in press releases , and in other communications to shareholders or the investing public , we may make “ forward looking statements ” within the meaning of the private securities litigation reform act of 1995. we may make these forward looking statements concerning possible or anticipated future financial performance , business activities , plans , pending claims , investigations or litigation , which are typically preceded by the words “ believes , ” “ expects , ” “ anticipates , ” “ intends ” or similar expressions . for these forward-looking statements , the company claims the protection of the safe harbor for forward-looking statements contained in federal securities laws . shareholders and the investing public should understand that these forward looking statements are subject to risks and uncertainties that could cause actual performance , activities , anticipated results , outcomes or plans to differ significantly from those indicated in the forward-looking statements . for a detailed discussion of a number of such risk factors , please see item 1a above . critical accounting policies inventory valuation : we value inventories at the lower of cost or market . reserves for excess and obsolescence are estimated and recorded to reduce the carrying value to estimated net realizable value . the amount of the reserve is determined based on historical usage , projected sales information , plans for discontinued products and other factors . though management considers these reserves adequate and proper , changes in sales volumes due to unexpected economic or competitive conditions are among the factors that could materially affect the adequacy of this reserve . income taxes : in the preparation of the company 's consolidated financial statements , management calculates income taxes . story_separator_special_tag 2015 compared to 2014 consolidated sales were $ 107,670,000 in 2015 , a 10 % decrease from sales of $ 119,071,000 in 2014. consolidated operating loss was $ 10,506,000 in 2015 as compared to income of $ 3,293,000 in 2014. net loss in 2015 was $ 9,648,000 , or ( $ 1.11 ) per share compared to net income of $ 1,962,000 or $ 0.23 per share in 2014. suttle results suttle sales decreased 26 % to $ 50,082,000 in 2015 compared to $ 67,331,000 in 2014. sales by product groups in 2015 and 2014 were : replace_table_token_10_th 25 suttle 's sales by customer groups in 2015 and 2014 were : replace_table_token_11_th the decrease in sales is due primarily to increase pricing pressure and volume declines in suttle 's legacy product lines . sales to the telecommunication customers decreased 30 % to $ 39,809,000 in 2015 compared to $ 56,882,000 in 2014 due to a disrupted order cycle at a major customer that significantly curtailed its 2015 purchasing , and overall decline in legacy product lines . sales to these customers accounted for 79 % of suttle 's sales in 2015 compared to 84 % of sales in 2014. sales to distributors decreased 49 % and accounted for 6 % of sales in 2015 compared to 9 % in 2014. international sales accounted for 15 % of suttle 's 2015 sales and increased 60 % compared to 2014 due to the ordering cycle of dsl products and introduction of new products used in fttx deployments for a major customer . sales of structured cabling and connecting system products decreased 30 % primarily due to reduced demand from major customers and shifts in technology . sales of dsl and other products increased 19 % due to increased orders from a major international customer . suttle 's gross margin decreased 58 % to $ 8,850,000 in 2015 compared to $ 20,992,000 in 2014. the gross margin percentage decreased to 18 % in 2015 as compared to 31 % in 2014 due to increased pricing pressure at a major customer and high production variances due to decreased demand , as well as continued investment into production capabilities to support new fttx product platforms . selling , general and administrative expenses increased $ 896,000 , or 6 % to $ 15,285,000 , or 31 % of sales , in 2015 compared to $ 14,389,000 in 2014 , or 21 % of sales , due to investment into fiber and active capabilities to support new product platforms . suttle had an operating loss of $ 6,435,000 in 2015 compared to income of $ 6,603,000 in 2014. transition networks transition networks sales decreased 1 % to $ 41,469,000 in 2015 compared to $ 41,945,000 in 2014. transition networks organizes its sales force by vertical markets and segments its customers geographically . sales by customer groups in 2015 and 2014 were : replace_table_token_12_th the following table summarizes transition networks ' 2015 and 2014 sales by product group : replace_table_token_13_th 26 sales in north america decreased 2 % or $ 628,000 compared to 2014 due primarily to delays in federal government purchases . international sales increased $ 152,000 , or 1 % , due to gains in emea . gross margin decreased 3 % to $ 17,767,000 in 2015 compared to $ 18,406,000 in 2014. gross margin as a percentage of sales decreased to 43 % in 2015 compared to 44 % in 2014 due to unfavorable product mix . selling , general and administrative expenses increased 2 % to $ 19,005,000 , or 46 % of sales , in 2015 from $ 18,645,000 in 2014 , or 44 % of sales due to increased selling and engineering expenses . operating loss was $ 1,238,000 in 2015 compared to an operating loss of $ 477,000 in 2014. jdl technologies , inc. sales by jdl technologies , inc. increased 83 % to $ 15,672,000 in 2015 compared to $ 8,567,000 in 2014. the following table summarizes jdl 's revenues by customer group in 2015 and 2014 : replace_table_token_14_th revenues earned in broward county fl schools increased $ 5,187,000 or 80 % in 2015 as work began on a new multimillion dollar contract to deliver enhanced technology , modern it infrastructure and expanded wireless coverage to the district . jdl recognized no revenues from miami-dade county public schools due to completion of that district 's wireless classroom initiative , which had been funded under the e-rate program . revenue from jdl technologies ' sales to small and medium sized commercial businesses ( smbs ) increased by 105 % or $ 2,037,000 primarily due to continued robust sales of the company 's managed services as well as the revenue generated through the acquisition of twisted technologies in june of 2015. jdl gross margin increased 144 % to $ 4,806,000 in 2015 compared to $ 1,968,000 in 2014. gross margin as a percentage of sales increased to 31 % in 2015 from 23 % in 2014. this reflects , in part , jdl 's success in providing more profitable services for the commercial sector and its continuing evolution away from typically narrow margin e-rate funded projects for smaller or rural school districts . selling , general and administrative expenses increased 28 % in 2015 to $ 3,635,000 , or 23 % of sales , compared to $ 2,846,000 in 2014 , or 33 % of sales , due to strategic investments in staff , systems and product development to support growth and client retention . jdl reported operating income of $ 1,171,000 in 2015 compared to an operating loss of $ 878,000 in 2014. net2edge net2edge 's sales decreased 16 % to $ 1,353,000 in 2015 compared to $ 1,619,000 in 2014. gross margin decreased 10 % to $ 715,000 in 2015 compared to $ 793,000 in 2014. gross margin as a percentage of sales increased to 53 % in 2015 from 49 % in 2014. selling , general and administrative expenses

