a registered direct offering , an aggregate of 14,996 shares ( the “ january 2018 shares ” ) of the company 's common stock at a purchase price of $ 212.40 per share for aggregate gross proceeds of approximately $ 3.2 million . after deducting placement agent fees and other expenses , the net proceeds from the offering was approximately $ 2.8 million . concurrently with the sale of the january 2018 shares , pursuant to the january 2018 spa the company also sold warrants to purchase up to 14,996 shares of common stock ( the “ january 2018 warrants ” ) . this offering closed on january 8 , 2018. the january 2018 warrants became exercisable on february 2 , 2018 ( the “ january 2018 warrant initial exercise date ” ) , at an exercise price per share equal to $ 264.00 , subject to certain adjustments pursuant to the terms of the january 2018 warrants ( the “ january 2018 warrant exercise price ” ) , and will expire on the fifth anniversary of the january 2018 warrant initial exercise date . as a result of a dilutive issuance ( as defined in the january 2018 warrants ) as of february 20 , 2018 , the january 2018 warrant exercise price was adjusted to the floor price of $ 120.00 per share pursuant to the january 2018 warrants . february 2018 public offering on february 20 , 2018 , the company completed a public offering for approximately $ 18 million in securities , consisting of ( i ) an aggregate of 83,149 class a units , at a price to the public of $ 94.00 per class a unit , each consisting of one share of common stock , and a five-year warrant to purchase one share of common stock , and ( ii ) 10,184.9752 class b units , at a price to the public of $ 1,000 per class b unit , each consisting of one share of the company 's newly designated series 3 convertible preferred stock , par value $ 0.001 per share ( “ series 3 preferred ” ) , with a stated value of $ 1,000 and initially convertible into approximately 11 shares of common stock at a conversion price of $ 94.00 per share for up to an aggregate of 108,351 shares of common stock and warrants exercisable for the number of shares of common stock into which the shares of series 3 preferred is initially convertible . the warrants ( “ february 2018 warrant ” ) were immediately exercisable at an exercise price of $ 140.00 per share ( subject to adjustment ) . the company received approximately $ 18 million in gross proceeds from this offering , including the satisfaction of approximately $ 1 million in amounts payable to service providers . after satisfying the amounts due to service providers and deducting placement agent fees , the net cash proceeds from this offering was approximately $ 15.4 million . the company used the net proceeds from the transactions for working capital and general corporate purposes , including research and development and sales and marketing . the shares of series 3 preferred issued in this offering have all been converted into common stock . as a result of the april 2018 offering described below as of april 24 , 2018 , the exercise price of the february 2018 warrants was adjusted to the floor price of $ 25.36 per share and the number of shares of common stock underlying the february 2018 warrants was increased to an aggregate of 1,057,178 shares of common stock . april 2018 public offering on april 24 , 2018 , the company completed a public offering consisting of 10,115 units at a price to the public of $ 1,000 per unit , each consisting of ( i ) one share of our newly designated series 4 convertible preferred stock , par value $ 0.001 per share ( the “ series 4 preferred ” ) , with a stated value of $ 1,000 and initially convertible into approximately 54 shares of common stock , at a conversion price of $ 18.40 per share ( subject to adjustment ) and ( ii ) one warrant to purchase such number of shares of common stock as each share of series 4 preferred is initially convertible into . the warrants are immediately exercisable at an exercise price of $ 26.80 per share ( subject to adjustment ) . 36 the series 4 preferred contain an anti-dilution protection feature , to adjust the conversion price if shares of common stock are sold or issued for a consideration per share less than the conversion price then in effect ( subject to certain exemptions ) , provided , that the conversion price will not be less than $ 4.96. in addition , on the 60th day following the original issuance date of the series 4 preferred , the conversion price was reduced , and only reduced , to the lesser of ( x ) the then conversion price , as may be adjusted , and ( y ) 80 % of the vwap ( as defined in the certificate of designation filed for the series 4 preferred ) on the trading day immediately prior to the 60th day , provided that the conversion price will not be less than $ 4.96. on june 25 , 2018 , in accordance with the terms of such price reset provision , the conversion price of the series 4 preferred was adjusted to $ 7.12 , which was subsequent adjusted on january 15 , 2019 in connection with the rights offering to $ 4.96. in addition , in connection with the rights offering , on january 15 , 2019 , the exercise price of the warrants issued in the story_separator_special_tag our significant accounting policies are discussed in note 2 of the audited consolidated financial statements for the years ended december 31 , 2018 and 2017 which are included elsewhere in this 10-k. we believe that the following accounting estimates are the most critical to aid in fully understanding and evaluating our reported financial results , and they require our most difficult , subjective or complex judgments , resulting from the need to make estimates about the effect of matters that are inherently uncertain . there have been no changes to estimates during the periods presented in the filing . historically changes in management estimates have not been material . revenue recognition in march 2016 , the financial accounting standards board ( “ fasb ” ) issued accounting standards update ( “ asu ” ) no . 2016-08 , “ revenue from contracts with customers - principal versus agent considerations ” , in april 2016 , the fasb issued asu no . 2016-10 , “ revenue from contracts with customers ( topic 606 ) - identifying performance obligations and licensing ” and in may 9 , 2016 , the fasb issued asu no . 2016-12 , “ revenue from contracts with customers ( topic 606 ) ” , or asu 2016-12. this update provides clarifying guidance regarding the application of asu no . 2014-09 - revenue from contracts with customers ( topic 606 ) , ( “ asu 2014-09 ” ) which is not yet effective . these new standards provide for a single , principles-based model for revenue recognition that replaces the existing revenue recognition guidance . in july 2015 , the fasb deferred the effective date of asu 2014-09 until annual and interim periods beginning on or after december 15 , 2017 and has replaced most existing revenue recognition guidance under gaap . asu 2016-12 may be applied retrospectively to historical periods presented or as a cumulative-effect adjustment as of the date of adoption . we have adopted asu 2016-12 using a modified retrospective approach and will be applied prospectively in our financial statements from january 1 , 2018 forward . revenues under asu 2016-12 are required to be recognized either at a “ point in time ” or “ over time ” , depending on the facts and circumstances of the arrangement , and will be evaluated using a five-step model . the adoption of topic 606 did not have a material impact on our consolidated financial statements , neither at initial implementation nor will it have a material impact on an ongoing basis . software as a service revenue recognition with respect to sales of our maintenance , consulting and other service agreements including our digital advertising and electronic services , customers pay fixed monthly fees in exchange for the company 's service . the company 's performance obligation is satisfied over time as the digital advertising and electronic services are provided continuously throughout the service period . the company recognizes revenue evenly over the service period using a time-based measure because the company is providing continuous access to its service . professional services revenue recognition the company 's professional services include fixed fee and time and materials contracts . fixed fees are paid monthly , in phases , or upon acceptance of deliverables . the company 's time and materials contracts are paid weekly or monthly based on hours worked . revenue on time and material contracts is recognized based on a fixed hourly rate as direct labor hours are expended . materials , or other specified direct costs , are reimbursed as actual costs and may include markup . the company has elected the practical expedient to recognize revenue for the right to invoice because the company 's right to consideration corresponds directly with the value to the customer of the performance completed to date . for fixed fee contracts including maintenance service provided by in house personnel , the company recognizes revenue evenly over the service period using a time-based measure because the company is providing continuous service . because the company 's contracts have an expected duration of one year or less , the company has elected the practical expedient in asc 606-10-50-14 ( a ) to not disclose information about its remaining performance obligations . anticipated losses are recognized as soon as they become known . for the years ended december 31 , 2018 and 2017 , the company did not incur any such losses . these amounts are based on known and estimated factors . contract balances the timing of our revenue recognition may differ from the timing of payment by our customers . we record a receivable when revenue is recognized prior to payment and we have an unconditional right to payment . alternatively , when payment precedes the provision of the related services , we record deferred revenue until the performance obligations are satisfied . the company had deferred revenue of approximately $ 235,000 as of december 31 , 2018 related to cash received in advance for product maintenance services provided by the company 's technical staff . the company expects to satisfy its remaining performance obligations for these maintenance services and recognize the deferred revenue and related contract costs over the next twelve months . 40 long-lived assets we account for our long-lived assets in accordance with accounting standards codification ( “ asc ” ) 360 , “ accounting for the impairment or disposal of long-lived assets ” ( “ asc 360 ” ) , which requires that long-lived assets be evaluated whenever events or changes in circumstances indicate that the carrying amount may not be recoverable or the useful life has changed . some of the events or changes in circumstances that would trigger an impairment test include , but are not limited to : ● significant under-performance relative to expected and or historical results ( negative comparable sales growth or operating cash flows for two consecutive years ) ; ● significant negative industry or economic trends

cash and cash equivalents $ 1,008 $ 119 working capital ( deficit ) $ ( 3,926 ) $ ( 32,822 ) operating activities for the year ended december 31 , 2018 net cash used in operating activities during the year ended december 31 , 2018 was $ 26.8 million . net cash provided by operating activities during the year ended december 31 , 2017 was $ 2.2 million . the cash flows related to the year ended december 31 , 2018 consisted of the following ( in thousands ) : net loss $ ( 24,561 ) non-cash income and expenses 7,041 net change in operating assets and liabilities ( 9,245 ) net cash used in operating activities $ ( 26,765 ) the non-cash income and expense of $ 7.0 million consisted primarily of the following ( in thousands ) : $ 6,186 depreciation and amortization expenses ( including amortization of intangibles ) primarily attributable to the shoom , airpatrol , and lightminer and operations , which were acquired effective august 31 , 2013 , april 16 , 2014 , and november 21 , 2016 , respectively and lilien and integrio operations through august 31 , 2018 , the date of the spin-off .


 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 and cash equivalents $ 1,008 $ 119 working capital ( deficit ) $ ( 3,926 ) $ ( 32,822 ) operating activities for the year ended december 31 , 2018 net cash used in operating activities during the year ended december 31 , 2018 was $ 26.8 million . net cash provided by operating activities during the year ended december 31 , 2017 was $ 2.2 million . the cash flows related to the year ended december 31 , 2018 consisted of the following ( in thousands ) : net loss $ ( 24,561 ) non-cash income and expenses 7,041 net change in operating assets and liabilities ( 9,245 ) net cash used in operating activities $ ( 26,765 ) the non-cash income and expense of $ 7.0 million consisted primarily of the following ( in thousands ) : $ 6,186 depreciation and amortization expenses ( including amortization of intangibles ) primarily attributable to the shoom , airpatrol , and lightminer and operations , which were acquired effective august 31 , 2013 , april 16 , 2014 , and november 21 , 2016 , respectively and lilien and integrio operations through august 31 , 2018 , the date of the spin-off .
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 Suspicious Activity Report : a registered direct offering , an aggregate of 14,996 shares ( the “ january 2018 shares ” ) of the company 's common stock at a purchase price of $ 212.40 per share for aggregate gross proceeds of approximately $ 3.2 million . after deducting placement agent fees and other expenses , the net proceeds from the offering was approximately $ 2.8 million . concurrently with the sale of the january 2018 shares , pursuant to the january 2018 spa the company also sold warrants to purchase up to 14,996 shares of common stock ( the “ january 2018 warrants ” ) . this offering closed on january 8 , 2018. the january 2018 warrants became exercisable on february 2 , 2018 ( the “ january 2018 warrant initial exercise date ” ) , at an exercise price per share equal to $ 264.00 , subject to certain adjustments pursuant to the terms of the january 2018 warrants ( the “ january 2018 warrant exercise price ” ) , and will expire on the fifth anniversary of the january 2018 warrant initial exercise date . as a result of a dilutive issuance ( as defined in the january 2018 warrants ) as of february 20 , 2018 , the january 2018 warrant exercise price was adjusted to the floor price of $ 120.00 per share pursuant to the january 2018 warrants . february 2018 public offering on february 20 , 2018 , the company completed a public offering for approximately $ 18 million in securities , consisting of ( i ) an aggregate of 83,149 class a units , at a price to the public of $ 94.00 per class a unit , each consisting of one share of common stock , and a five-year warrant to purchase one share of common stock , and ( ii ) 10,184.9752 class b units , at a price to the public of $ 1,000 per class b unit , each consisting of one share of the company 's newly designated series 3 convertible preferred stock , par value $ 0.001 per share ( “ series 3 preferred ” ) , with a stated value of $ 1,000 and initially convertible into approximately 11 shares of common stock at a conversion price of $ 94.00 per share for up to an aggregate of 108,351 shares of common stock and warrants exercisable for the number of shares of common stock into which the shares of series 3 preferred is initially convertible . the warrants ( “ february 2018 warrant ” ) were immediately exercisable at an exercise price of $ 140.00 per share ( subject to adjustment ) . the company received approximately $ 18 million in gross proceeds from this offering , including the satisfaction of approximately $ 1 million in amounts payable to service providers . after satisfying the amounts due to service providers and deducting placement agent fees , the net cash proceeds from this offering was approximately $ 15.4 million . the company used the net proceeds from the transactions for working capital and general corporate purposes , including research and development and sales and marketing . the shares of series 3 preferred issued in this offering have all been converted into common stock . as a result of the april 2018 offering described below as of april 24 , 2018 , the exercise price of the february 2018 warrants was adjusted to the floor price of $ 25.36 per share and the number of shares of common stock underlying the february 2018 warrants was increased to an aggregate of 1,057,178 shares of common stock . april 2018 public offering on april 24 , 2018 , the company completed a public offering consisting of 10,115 units at a price to the public of $ 1,000 per unit , each consisting of ( i ) one share of our newly designated series 4 convertible preferred stock , par value $ 0.001 per share ( the “ series 4 preferred ” ) , with a stated value of $ 1,000 and initially convertible into approximately 54 shares of common stock , at a conversion price of $ 18.40 per share ( subject to adjustment ) and ( ii ) one warrant to purchase such number of shares of common stock as each share of series 4 preferred is initially convertible into . the warrants are immediately exercisable at an exercise price of $ 26.80 per share ( subject to adjustment ) . 36 the series 4 preferred contain an anti-dilution protection feature , to adjust the conversion price if shares of common stock are sold or issued for a consideration per share less than the conversion price then in effect ( subject to certain exemptions ) , provided , that the conversion price will not be less than $ 4.96. in addition , on the 60th day following the original issuance date of the series 4 preferred , the conversion price was reduced , and only reduced , to the lesser of ( x ) the then conversion price , as may be adjusted , and ( y ) 80 % of the vwap ( as defined in the certificate of designation filed for the series 4 preferred ) on the trading day immediately prior to the 60th day , provided that the conversion price will not be less than $ 4.96. on june 25 , 2018 , in accordance with the terms of such price reset provision , the conversion price of the series 4 preferred was adjusted to $ 7.12 , which was subsequent adjusted on january 15 , 2019 in connection with the rights offering to $ 4.96. in addition , in connection with the rights offering , on january 15 , 2019 , the exercise price of the warrants issued in the story_separator_special_tag our significant accounting policies are discussed in note 2 of the audited consolidated financial statements for the years ended december 31 , 2018 and 2017 which are included elsewhere in this 10-k. we believe that the following accounting estimates are the most critical to aid in fully understanding and evaluating our reported financial results , and they require our most difficult , subjective or complex judgments , resulting from the need to make estimates about the effect of matters that are inherently uncertain . there have been no changes to estimates during the periods presented in the filing . historically changes in management estimates have not been material . revenue recognition in march 2016 , the financial accounting standards board ( “ fasb ” ) issued accounting standards update ( “ asu ” ) no . 2016-08 , “ revenue from contracts with customers - principal versus agent considerations ” , in april 2016 , the fasb issued asu no . 2016-10 , “ revenue from contracts with customers ( topic 606 ) - identifying performance obligations and licensing ” and in may 9 , 2016 , the fasb issued asu no . 2016-12 , “ revenue from contracts with customers ( topic 606 ) ” , or asu 2016-12. this update provides clarifying guidance regarding the application of asu no . 2014-09 - revenue from contracts with customers ( topic 606 ) , ( “ asu 2014-09 ” ) which is not yet effective . these new standards provide for a single , principles-based model for revenue recognition that replaces the existing revenue recognition guidance . in july 2015 , the fasb deferred the effective date of asu 2014-09 until annual and interim periods beginning on or after december 15 , 2017 and has replaced most existing revenue recognition guidance under gaap . asu 2016-12 may be applied retrospectively to historical periods presented or as a cumulative-effect adjustment as of the date of adoption . we have adopted asu 2016-12 using a modified retrospective approach and will be applied prospectively in our financial statements from january 1 , 2018 forward . revenues under asu 2016-12 are required to be recognized either at a “ point in time ” or “ over time ” , depending on the facts and circumstances of the arrangement , and will be evaluated using a five-step model . the adoption of topic 606 did not have a material impact on our consolidated financial statements , neither at initial implementation nor will it have a material impact on an ongoing basis . software as a service revenue recognition with respect to sales of our maintenance , consulting and other service agreements including our digital advertising and electronic services , customers pay fixed monthly fees in exchange for the company 's service . the company 's performance obligation is satisfied over time as the digital advertising and electronic services are provided continuously throughout the service period . the company recognizes revenue evenly over the service period using a time-based measure because the company is providing continuous access to its service . professional services revenue recognition the company 's professional services include fixed fee and time and materials contracts . fixed fees are paid monthly , in phases , or upon acceptance of deliverables . the company 's time and materials contracts are paid weekly or monthly based on hours worked . revenue on time and material contracts is recognized based on a fixed hourly rate as direct labor hours are expended . materials , or other specified direct costs , are reimbursed as actual costs and may include markup . the company has elected the practical expedient to recognize revenue for the right to invoice because the company 's right to consideration corresponds directly with the value to the customer of the performance completed to date . for fixed fee contracts including maintenance service provided by in house personnel , the company recognizes revenue evenly over the service period using a time-based measure because the company is providing continuous service . because the company 's contracts have an expected duration of one year or less , the company has elected the practical expedient in asc 606-10-50-14 ( a ) to not disclose information about its remaining performance obligations . anticipated losses are recognized as soon as they become known . for the years ended december 31 , 2018 and 2017 , the company did not incur any such losses . these amounts are based on known and estimated factors . contract balances the timing of our revenue recognition may differ from the timing of payment by our customers . we record a receivable when revenue is recognized prior to payment and we have an unconditional right to payment . alternatively , when payment precedes the provision of the related services , we record deferred revenue until the performance obligations are satisfied . the company had deferred revenue of approximately $ 235,000 as of december 31 , 2018 related to cash received in advance for product maintenance services provided by the company 's technical staff . the company expects to satisfy its remaining performance obligations for these maintenance services and recognize the deferred revenue and related contract costs over the next twelve months . 40 long-lived assets we account for our long-lived assets in accordance with accounting standards codification ( “ asc ” ) 360 , “ accounting for the impairment or disposal of long-lived assets ” ( “ asc 360 ” ) , which requires that long-lived assets be evaluated whenever events or changes in circumstances indicate that the carrying amount may not be recoverable or the useful life has changed . some of the events or changes in circumstances that would trigger an impairment test include , but are not limited to : ● significant under-performance relative to expected and or historical results ( negative comparable sales growth or operating cash flows for two consecutive years ) ; ● significant negative industry or economic trends

