svw obtained third party financing , which was effectively guaranteed by the company , on specific cranes the company manufactured and remitted the loan proceeds to the company . other than its business transactions described herein , svw had no other substantial business operations . the company had determined that svw is a variable interest entity ( “ vie ” ) that under current accounting guidance needed to be consolidated in the company 's financial results . svw was consolidated into the company 's financial results beginning in the first quarter of 2016 through the fourth quarter of 2017. by december 31 , 2017 , svw had ceased operations and is therefore not a consolidated vie after december 31 , 2017. income and losses related to vie 's are typically shown in a company 's financial statements as being attributed to a non-controlling interest . other than its transactions between svw and the company , svw had no other substantial business operations . furthermore , the company exercised control and absorbed all losses and received all the income from svw operations . therefore , the company has concluded that income and losses related to the vie are attributable to the shareholders of the company . 19 business overview in 2019 , the annualized order rate for straight-mast cranes was approximately 1,200 units , consistent with 2018 levels . the data that the company has seen indicates that dealer rental utilization and united states commercial construction indices remain at healthy levels . during the third quarter of 2019 , the company launched the manitex branded line of articulating cranes ( “ mac ” ) at a trade show in louisville , kentucky targeting roofing , concrete , general construction and supply industries . based on current sales trends , the company expects mac sales to grow significantly in 2020. we also have expanded our north american distribution network with the addition of one new mac dealer and three straight-mast dealers . while there is still work to do , both gross margin and ebitda margin have bounced off our lows in the third quarter , and are trending higher as we head into 2020. in september of 2019 , the company appointed a new chief executive officer ( “ ceo ” ) with significant international crane experience with the goal of stimulating the pm business to much higher performance in this substantial market . the company will be targeting cost reductions , improved dealer management and incentivization , revamping product designs , improving parts execution and fill rates and stressing a commitment to quality and safety . we believe there is potential for continued gains in 2020 through higher production efficiencies and the re-configuration of our articulating crane business , which generates the highest margins within our product portfolio . during the third quarter of 2019 , pm was awarded a new $ 4.5 million revenue contract with a customer 's option , to purchase an additional $ 4 million in additional deliveries to supply knuckle boom cranes to an international military company . we have also started shipping articulated cranes under the brand name pm-tadano to customers in asia ; this was a key branding initiative we launched during the second half of 2019. our partnership with tadano is gaining traction in asia , and now starting in the middle east , through our pm-tadano branding efforts and distribution expansion . we are proud to have tadano as a partner and investor , and have greatly improved our focus over the past few months to drive gains in 2020 and beyond for our articulating crane business . pm now represents a substantial portion of our backlog . factors affecting revenues and gross profit the company derives most of its revenue from purchase orders from dealers and distributors . the demand for the company 's products depends upon the general economic conditions of the markets in which the company competes . the company 's sales depend in part upon its customers ' replacement or repair cycles . adverse economic conditions , including a decrease in commodity prices , may cause customers to forego or postpone new purchases in favor of repairing existing machinery . gross profit varies from period to period . factors that affect gross profit include product mix , production levels and cost of raw materials . margins tend to increase when production is skewed towards larger capacity cranes . 20 the following table sets fort h certain financial data for the three years ended december 31 , 201 9 , 201 8 and 201 7 : results of consolidated operations manitex international , inc. ( in thousands , except share data ) replace_table_token_4_th year ended december 31 , 2019 from continuing operations compared to year ended december 31 , 2018 from continuing operations net loss from continuing operations for the year ended december 31 , 2019 , net loss was $ 8.5 million , which consists of revenue of $ 224.8 million , cost of sales of $ 184.3 million , research and development costs of $ 2.7 million , sg & a costs of $ 43.7 million , interest expense of $ 4.6 million , interest income of $ 0.2 million , a gain in the change in fair value of securities held of $ 5.5 million , foreign currency transaction loss of $ 0.8 million , other income of $ 0.02 million , and income tax expense of $ 2.8 million . story_separator_special_tag purchase obligations not for inventory would include research and development materials , supplies and services . ( 2 ) at december 31 , 2019 , the company had a reserve for unrecognized tax benefits of $ 4.3 million for which the company is unable to make reasonably reliable estimates of the period of cash settlement with the respective tax authority . thus , these liabilities ( reserves ) have not been included in the contractual obligations table . ( see note 16 ) . ( 3 ) pm working capital borrowing . capital lease obligations and legal settlement includes imputed interest . ( 4 ) long-term debt obligations related party transactions for a description of the company 's related party transactions , please see note 23 to the company 's consolidated financial statements entitled “ transactions between the company and related parties . ” critical accounting policies and estimates the preparation of our financial statements and related disclosures in conformity with accounting principles generally accepted in the united states of america requires management to make estimates and judgments that affect our reported amounts of assets and liabilities , revenues and expenses , and related disclosures of contingent assets and liabilities . on an on-going basis , we evaluate our estimates and assumptions based upon historical experience and various other factors and circumstances . management believes that our estimates and assumptions are reasonable under the circumstances ; however , actual results may vary from these estimates and assumptions under different future circumstances . we have identified the following critical accounting policies that affect the more significant judgments and estimates used in the preparation of our consolidated financial statements . principals of consolidation . the company consolidates all entities that we control by ownership of a majority voting interest . additionally , there are situations in which consolidation is required even though the usual condition of consolidation ( ownership of a majority voting interest ) does not apply . generally , this occurs when an entity holds an interest in another business enterprise that was achieved through arrangements that do not involve voting interests , which results in a disproportionate relationship between such entity 's voting interests in , and its exposure to the economic risks and potential rewards of , the other business enterprise . this disproportionate relationship results in what is known as a variable interest , and the entity in which we have the variable interest is referred to as a `` vie . `` an enterprise must consolidate a vie if it is determined to be the primary beneficiary of the vie . the primary beneficiary has both ( 1 ) the power to direct the activities of the vie that most significantly impact the entity 's economic performance , and ( 2 ) the obligation to absorb losses or the right to receive benefits from the vie that could potentially be significant to the vie . although the company did not have an ownership interest in s.v.w . crane & equipment company and its wholly owned subsidiary rental consulting service company ( collectively “ svw ” ) , the company had the power to direct the activities of svw that most significantly impacted its economic performance and is absorbing the losses . svw had obtained financing and had remitted the proceeds to the company using inventory ( cranes ) owned by the company as collateral . the finance companies that held the loans had a perfected security interest in the inventory and therefore had recourse against this specific inventory . furthermore , the debt taken on by svw was effectively guaranteed by the company pursuant to certain related agreements . 27 income and losses related to vies are typically shown in a company 's financial statements as being attributed to a non-controlling intere st. other than its transactions between svw and the company , svw had no other substantial business operations . furthermore , the company exercised control and absorbed all losses and received all the income from svw operations . therefore , the company had concluded that income and losses related to the vie are attributable to the shareholders of the company . by december 31 , 2017 , svw had ceased operations and is therefore not a consolidated vie after december 31 , 2017. the company eliminates from our financial results all significant intercompany transactions , including the intercompany transactions with consolidated svw . revenue recognition . revenue is recognized when obligations under the terms of the contract with our customer are satisfied ; generally , this occurs with the transfer of control of our equipment , parts or installation services ( typically completed within one day ) , which occurs at a point in time . equipment can be redirected during the manufacturing phase such that over time revenue recognition is not appropriate . revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods or providing services . our contracts are non-cancellable and returns are only allowed in limited instances through c & m . sales , value add , and other taxes we collect concurrent with revenue-producing activities are excluded from revenue . the expected costs associated with our base warranties continue to be recognized as expense when the products are sold and do not constitute a separate performance obligation . for instances where equipment and installation services are sold together , the company accounts for the equipment and installation services separately . the consideration ( including any discounts ) is allocated between the equipment and installation services based on their stand-alone selling prices . the stand-alone selling prices are determined based on the prices at which the company separately sells the equipment . in some instances , the company fulfills its obligations and bills the customer for the work performed but does not ship the goods until a later date . these arrangements are considered bill-and-hold transactions . in order to recognize revenue on the

significant transactions affecting company liquidity in september 2019 , asv was acquired by yanmar american corporation resulting in the company receiving $ 7.05 per share in cash , or $ 7.6 million , for its remaining 1,080,000 shares of asv . during 2018 , the company entered into two transactions that had a significant beneficial impact on the company 's liquidity . in february 2018 , the company sold 1.0 million shares of asv common stock it held for $ 7.0 million and on may 29 , 2018 tadano ltd. purchased approximately 2.9 million shares of the company 's common stock , which generated cash of approximately $ 32.0 million , net of expenses . a portion of the proceeds raised in these two transactions were used to support an increase in working capital , the result of increased revenues . the remaining proceeds are the principal reason cash has increased by $ 16.9 million and debt has decreased by $ 22.9 million since year end . nevertheless , because our availability under our credit lines is limited , it is important that we manage our working capital . the company may need to raise additional capital through debt or equity financings to support our long-term growth strategy , which may include additional acquisitions . there is no assurance that such financing will be available or , if available , on acceptable terms .


 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.
     ```significant transactions affecting company liquidity in september 2019 , asv was acquired by yanmar american corporation resulting in the company receiving $ 7.05 per share in cash , or $ 7.6 million , for its remaining 1,080,000 shares of asv . during 2018 , the company entered into two transactions that had a significant beneficial impact on the company 's liquidity . in february 2018 , the company sold 1.0 million shares of asv common stock it held for $ 7.0 million and on may 29 , 2018 tadano ltd. purchased approximately 2.9 million shares of the company 's common stock , which generated cash of approximately $ 32.0 million , net of expenses . a portion of the proceeds raised in these two transactions were used to support an increase in working capital , the result of increased revenues . the remaining proceeds are the principal reason cash has increased by $ 16.9 million and debt has decreased by $ 22.9 million since year end . nevertheless , because our availability under our credit lines is limited , it is important that we manage our working capital . the company may need to raise additional capital through debt or equity financings to support our long-term growth strategy , which may include additional acquisitions . there is no assurance that such financing will be available or , if available , on acceptable terms .
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 Suspicious Activity Report : svw obtained third party financing , which was effectively guaranteed by the company , on specific cranes the company manufactured and remitted the loan proceeds to the company . other than its business transactions described herein , svw had no other substantial business operations . the company had determined that svw is a variable interest entity ( “ vie ” ) that under current accounting guidance needed to be consolidated in the company 's financial results . svw was consolidated into the company 's financial results beginning in the first quarter of 2016 through the fourth quarter of 2017. by december 31 , 2017 , svw had ceased operations and is therefore not a consolidated vie after december 31 , 2017. income and losses related to vie 's are typically shown in a company 's financial statements as being attributed to a non-controlling interest . other than its transactions between svw and the company , svw had no other substantial business operations . furthermore , the company exercised control and absorbed all losses and received all the income from svw operations . therefore , the company has concluded that income and losses related to the vie are attributable to the shareholders of the company . 19 business overview in 2019 , the annualized order rate for straight-mast cranes was approximately 1,200 units , consistent with 2018 levels . the data that the company has seen indicates that dealer rental utilization and united states commercial construction indices remain at healthy levels . during the third quarter of 2019 , the company launched the manitex branded line of articulating cranes ( “ mac ” ) at a trade show in louisville , kentucky targeting roofing , concrete , general construction and supply industries . based on current sales trends , the company expects mac sales to grow significantly in 2020. we also have expanded our north american distribution network with the addition of one new mac dealer and three straight-mast dealers . while there is still work to do , both gross margin and ebitda margin have bounced off our lows in the third quarter , and are trending higher as we head into 2020. in september of 2019 , the company appointed a new chief executive officer ( “ ceo ” ) with significant international crane experience with the goal of stimulating the pm business to much higher performance in this substantial market . the company will be targeting cost reductions , improved dealer management and incentivization , revamping product designs , improving parts execution and fill rates and stressing a commitment to quality and safety . we believe there is potential for continued gains in 2020 through higher production efficiencies and the re-configuration of our articulating crane business , which generates the highest margins within our product portfolio . during the third quarter of 2019 , pm was awarded a new $ 4.5 million revenue contract with a customer 's option , to purchase an additional $ 4 million in additional deliveries to supply knuckle boom cranes to an international military company . we have also started shipping articulated cranes under the brand name pm-tadano to customers in asia ; this was a key branding initiative we launched during the second half of 2019. our partnership with tadano is gaining traction in asia , and now starting in the middle east , through our pm-tadano branding efforts and distribution expansion . we are proud to have tadano as a partner and investor , and have greatly improved our focus over the past few months to drive gains in 2020 and beyond for our articulating crane business . pm now represents a substantial portion of our backlog . factors affecting revenues and gross profit the company derives most of its revenue from purchase orders from dealers and distributors . the demand for the company 's products depends upon the general economic conditions of the markets in which the company competes . the company 's sales depend in part upon its customers ' replacement or repair cycles . adverse economic conditions , including a decrease in commodity prices , may cause customers to forego or postpone new purchases in favor of repairing existing machinery . gross profit varies from period to period . factors that affect gross profit include product mix , production levels and cost of raw materials . margins tend to increase when production is skewed towards larger capacity cranes . 20 the following table sets fort h certain financial data for the three years ended december 31 , 201 9 , 201 8 and 201 7 : results of consolidated operations manitex international , inc. ( in thousands , except share data ) replace_table_token_4_th year ended december 31 , 2019 from continuing operations compared to year ended december 31 , 2018 from continuing operations net loss from continuing operations for the year ended december 31 , 2019 , net loss was $ 8.5 million , which consists of revenue of $ 224.8 million , cost of sales of $ 184.3 million , research and development costs of $ 2.7 million , sg & a costs of $ 43.7 million , interest expense of $ 4.6 million , interest income of $ 0.2 million , a gain in the change in fair value of securities held of $ 5.5 million , foreign currency transaction loss of $ 0.8 million , other income of $ 0.02 million , and income tax expense of $ 2.8 million . story_separator_special_tag purchase obligations not for inventory would include research and development materials , supplies and services . ( 2 ) at december 31 , 2019 , the company had a reserve for unrecognized tax benefits of $ 4.3 million for which the company is unable to make reasonably reliable estimates of the period of cash settlement with the respective tax authority . thus , these liabilities ( reserves ) have not been included in the contractual obligations table . ( see note 16 ) . ( 3 ) pm working capital borrowing . capital lease obligations and legal settlement includes imputed interest . ( 4 ) long-term debt obligations related party transactions for a description of the company 's related party transactions , please see note 23 to the company 's consolidated financial statements entitled “ transactions between the company and related parties . ” critical accounting policies and estimates the preparation of our financial statements and related disclosures in conformity with accounting principles generally accepted in the united states of america requires management to make estimates and judgments that affect our reported amounts of assets and liabilities , revenues and expenses , and related disclosures of contingent assets and liabilities . on an on-going basis , we evaluate our estimates and assumptions based upon historical experience and various other factors and circumstances . management believes that our estimates and assumptions are reasonable under the circumstances ; however , actual results may vary from these estimates and assumptions under different future circumstances . we have identified the following critical accounting policies that affect the more significant judgments and estimates used in the preparation of our consolidated financial statements . principals of consolidation . the company consolidates all entities that we control by ownership of a majority voting interest . additionally , there are situations in which consolidation is required even though the usual condition of consolidation ( ownership of a majority voting interest ) does not apply . generally , this occurs when an entity holds an interest in another business enterprise that was achieved through arrangements that do not involve voting interests , which results in a disproportionate relationship between such entity 's voting interests in , and its exposure to the economic risks and potential rewards of , the other business enterprise . this disproportionate relationship results in what is known as a variable interest , and the entity in which we have the variable interest is referred to as a `` vie . `` an enterprise must consolidate a vie if it is determined to be the primary beneficiary of the vie . the primary beneficiary has both ( 1 ) the power to direct the activities of the vie that most significantly impact the entity 's economic performance , and ( 2 ) the obligation to absorb losses or the right to receive benefits from the vie that could potentially be significant to the vie . although the company did not have an ownership interest in s.v.w . crane & equipment company and its wholly owned subsidiary rental consulting service company ( collectively “ svw ” ) , the company had the power to direct the activities of svw that most significantly impacted its economic performance and is absorbing the losses . svw had obtained financing and had remitted the proceeds to the company using inventory ( cranes ) owned by the company as collateral . the finance companies that held the loans had a perfected security interest in the inventory and therefore had recourse against this specific inventory . furthermore , the debt taken on by svw was effectively guaranteed by the company pursuant to certain related agreements . 27 income and losses related to vies are typically shown in a company 's financial statements as being attributed to a non-controlling intere st. other than its transactions between svw and the company , svw had no other substantial business operations . furthermore , the company exercised control and absorbed all losses and received all the income from svw operations . therefore , the company had concluded that income and losses related to the vie are attributable to the shareholders of the company . by december 31 , 2017 , svw had ceased operations and is therefore not a consolidated vie after december 31 , 2017. the company eliminates from our financial results all significant intercompany transactions , including the intercompany transactions with consolidated svw . revenue recognition . revenue is recognized when obligations under the terms of the contract with our customer are satisfied ; generally , this occurs with the transfer of control of our equipment , parts or installation services ( typically completed within one day ) , which occurs at a point in time . equipment can be redirected during the manufacturing phase such that over time revenue recognition is not appropriate . revenue is measured as the amount of consideration we expect to receive in exchange for transferring goods or providing services . our contracts are non-cancellable and returns are only allowed in limited instances through c & m . sales , value add , and other taxes we collect concurrent with revenue-producing activities are excluded from revenue . the expected costs associated with our base warranties continue to be recognized as expense when the products are sold and do not constitute a separate performance obligation . for instances where equipment and installation services are sold together , the company accounts for the equipment and installation services separately . the consideration ( including any discounts ) is allocated between the equipment and installation services based on their stand-alone selling prices . the stand-alone selling prices are determined based on the prices at which the company separately sells the equipment . in some instances , the company fulfills its obligations and bills the customer for the work performed but does not ship the goods until a later date . these arrangements are considered bill-and-hold transactions . in order to recognize revenue on the

