overview silversun technologies , inc. is involved in the acquisition and build-out of technology and software companies engaged in providing transformational business management applications and professional consulting services to small and medium size companies , primarily in the manufacturing , distribution and service industries . we are executing a business strategy centered on the design and development of our own proprietary business management solutions , which now includes our mapadoc® electronic data interchange ( edi ) solution and other proprietary solutions and enhancements ; as well as on the acquisition of application resellers and software publishers of unique and proprietary solutions in the extensive and expanding , but highly fragmented , business solutions marketplace . our core strength is rooted in our ability to discover and identify the driving forces of change that are affecting – or will affect – businesses in a wide range of industries . we invest valuable time and resources to fully understand how technology is transforming the business management landscape and what current or emerging innovations are deserving of a clients ' attention . by leveraging this knowledge and foresight , our growing list of clients are empowered with the means to more effectively manage their businesses ; to capitalize on real-time insight drawn from their data resources ; and to materially profit from enhanced operational functionality , process flexibility and expedited process execution . a key tactical strategy for our company is developing smart , proprietary business management applications that effectively and efficiently integrate with existing business management systems ; and in publishing proprietary solutions for niche markets that address unique manufacturing and distribution challenges and needs . in this regard , through our wholly-owned subsidiary , swk technologies , inc. ( “ swk ” ) , we publish proprietary edi software , branded as mapadoc . mapadoc is a fully integrated , easy-to use , feature-rich edi solution for users of sage software , inc. 's ( “ sage ” ) market leading sage 100 erp , sage 500 erp and sage erp x3 software products and for users of the cloud erp solution published by acumatica , inc. providing seamless integration and dramatically decreasing data-entry time and associated costs , it is marketed and distributed worldwide by the company 's direct sales force , as well as through its platform partner , sps commerce , inc. and a growing national network of independent software partners and resellers , to customers largely supplying big-box retailers , including walmart , cvs , target and costco . 20 we also provide managed it services to our customers . as microsoft certified systems engineers and microsoft certified professionals , our staff offers a host of mission critical services , including remote network monitoring , server implementation , support and assistance , operation and maintenance of large central systems , technical design of network infrastructure , technical troubleshooting for large scale problems , network and server security , and back-up , archiving and storage of data from servers . we compete with numerous large and small companies in this market sector , both nationally and locally . distinguished as one of the largest sage erp x3 practices in north america , we resell enterprise resource planning software published by sage , which addresses the financial accounting requirements of small- and medium-size businesses focused on manufacturing and distribution . we also offer services related to these sales , including installation , support and training . these product sales are primarily packaged software programs installed on a user workstation , on a local area network server , or in a hosted environment . the programs perform and support a wide variety of functions related to accounting , including financial reporting , accounts payable , accounts receivable and inventory management . we employ class instructors and host formal , topic-specific , training classes , typically on-site at our clients ' facilities . our instructors must pass annual subject matter examinations required by sage to retain their product-based teaching certifications . we also provide end-user technical support services through our support/help desk , which is available during normal business hours , monday through friday . our team of qualified product and technology consultants assist customers that contact us with questions about product features , functions , usability issues and configurations . the support/help desk offers services in a variety of ways , including prepaid services , time and materials billed as utilized and annual support contracts . our customers can communicate with our support/help desk through email , telephone and fax channels . led by specialized project managers , we provide professional services ranging from software customization to data migration to small- and medium-size business consulting . we also are resellers of the warehouse management system ( “ wms ” ) software published by high jump , inc. ( “ high jump ” ) , which develops warehouse management software for middle market distributors . the primary purpose of a wms is to control the movement and storage of materials within an operation and process the associated transactions . directed picking , directed replenishment , and directed put-away are the key to wms . the detailed setup and processing within a wms can vary significantly from one software vendor to another . however , the basic wms will use a combination of item , location , quantity , unit of measure and order information to determine where to stock , where to pick , and in what sequence to perform these operations . the accellos wms software improves accuracy and efficiency , streamlines materials handling , meets retail compliance requirements , and refines inventory control . accellos also works as part of a complete operational solution by integrating seamlessly with rf hardware , accounting software , shipping systems and warehouse automation equipment . we market the accellos solution to our existing and new medium-sized business clients . story_separator_special_tag cash used in financing activities financing activities for the year ended december 31 , 2017 used cash of $ 879,017 as compared to using cash of $ 869,705 for the year ended december 31 , 2016. this increase in cash used in financing activities is mostly attributed to the payment of a cash dividend , contingent consideration , and repayment of the long term debt and capital lease payments . the company believes that as a result of the growth in business , and the availability of its credit line , it has adequate liquidity to fund its operating plans for at least the next twelve months . there was no significant impact on the company 's operations because of inflation for the year ended december 31 , 2017. critical accounting policies the discussion and analysis of our financial condition and results of operations are based on our consolidated financial statements , which have been prepared in accordance with accounting principles generally accepted in the united states of america ( gaap ) . the preparation of these consolidated financial statements requires us to make estimates and judgments that affect the reported amounts of assets , liabilities , revenues and expenses , and related disclosure of contingent assets and liabilities . on an on-going basis , we evaluate these estimates , including those related to bad debts , intangible assets , and litigation . we base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances , the results of which form the basis for making judgments about the carrying values of certain assets and liabilities . actual results may differ from these estimates under different assumptions or conditions . we have identified below the accounting policies , related to what we believe are most critical to our business operations and are discussed throughout management 's discussion and analysis of financial condition or plan of operation where such policies affect our reported and expected financial results . revenue recognition revenue is recognized when products are shipped , or services are rendered , evidence of a contract exists , the price is fixed or reasonably determinable , and collectability is reasonably assured . 24 product revenue software product revenue is recognized when the product is shipped to the customer . the company treats the software component and the professional services consulting component as two separate arrangements that represent separate units of accounting . the arrangement consideration is allocated to each unit of accounting based upon that unit 's proportion of the fair value . in a situation where both components are present , software sales revenue is recognized when collectability is reasonably assured and the product is delivered and has stand-alone value based upon vendor specific objective evidence . service revenue service revenue is comprised of primarily professional service consulting revenue , maintenance revenue and other ancillary services provided as described below . professional service revenue is recognized as service is incurred . with respect to maintenance services , upon the completion of one year from the date of sale , the company offers customers an optional annual software maintenance and support agreement for subsequent one-year periods . maintenance and support agreements are recorded as deferred revenue and recognized over the respective terms of the agreements , which typically range from three months to one year and are included in service revenue in the consolidated statement of income . shipping and handling costs charged to customers are classified as revenue , and the shipping and handling costs incurred are included in cost of sales . accounts receivable the company performs ongoing credit evaluations of its customers and adjusts credit limits based on customer payment and current credit worthiness , as determined by review of their current credit information . the company continuously monitors credits and payments from its customers and maintains provision for estimated credit losses based on its historical experience and any specific customer issues that have been identified . while such credit losses have historically been within our expectation and the provision established , the company can not guarantee that it will continue to receive positive results . unbilled services the company recognizes revenue on its professional services as those services are performed or certain obligations are met . goodwill goodwill is the excess of acquisition cost of an acquired entity over the fair value of the identifiable net assets acquired . goodwill is not amortized , but tested for impairment annually or whenever indicators of impairment exist . these indicators may include a significant change in the business climate , legal factors , operating performance indicators , competition , sale or disposition of a significant portion of the business or other factors . intangible assets the values assigned to intangible assets were based on an independent valuation . purchased intangible assets are amortized over the useful lives based on the estimate of the use of economic benefit of the asset using the straight-line amortization method . the company assesses potential impairment of its intangible assets when there is evidence that recent events or changes in circumstances have made recovery of an asset 's carrying value unlikely . factors the company considers important , which may cause impairment include , among others , significant changes in the manner of use of the acquired asset , negative industry or economic trends , and significant underperformance relative to historical or projected operating results . income taxes deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes , as well as net operating loss carryforwards . deferred tax assets and liabilities are classified as non-current based on the classification of the related assets or liabilities for financial reporting , or according to the expected reversal dates of the specific temporary differences , if not related to an asset or liability for financial reporting

liquidity and capital resources we are currently seeking additional operating income opportunities through potential acquisitions or investments . such acquisitions or investments may consume cash reserves or require additional cash or equity . our working capital and additional funding requirements will depend upon numerous factors , including : ( i ) strategic acquisitions or investments ; ( ii ) an increase to current company personnel ; ( iii ) the level of resources that we devote to sales and marketing capabilities ; ( iv ) technological advances ; and ( v ) the activities of competitors . in addition to developing new products , obtaining new customers and increasing sales to existing customers , management plans to increase its business and profitability by entering into collaboration agreements , buying assets , and acquiring companies in the business software and information technology consulting market with solid revenue streams and established customer bases that generate positive cash flow . on may 6 , 2014 , swk acquired certain assets of esc , inc. pursuant to an asset purchase agreement for a promissory note in the aggregate principal amount of $ 350,000 ( the “ esc note ” ) . the esc note matures on april 1 , 2019. monthly payments are $ 6,135 including interest at 2 % per year . at december 31 , 2017 and december 31 , 2016 , the outstanding balance was $ 102,742 and $ 173,535 respectively . on march 11 , 2015 swk entered into an asset purchase agreement with 2000 soft , inc. d/b/a atr , a california corporation , and karen espinoza mcgarrigle in her individual capacity as shareholder . swk acquired certain assets of atr ( as defined in the purchase agreement ) . in consideration for the acquired assets , the company issued a promissory note in the aggregate principal amount of $ 175,000 and paid cash of $ 80,000. at december 31 , 2017 and december 31 , 2016 , the outstanding balance was $ 14,987 and $ 74,194 respectively . on july 6 , 2015 , swk acquired certain assets of productivetech inc. ( pti ) pursuant to an asset purchase agreement cash of $ 500,000 and a promissory note for $ 600,000 ( the “ pti note ” ) .


 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 we are currently seeking additional operating income opportunities through potential acquisitions or investments . such acquisitions or investments may consume cash reserves or require additional cash or equity . our working capital and additional funding requirements will depend upon numerous factors , including : ( i ) strategic acquisitions or investments ; ( ii ) an increase to current company personnel ; ( iii ) the level of resources that we devote to sales and marketing capabilities ; ( iv ) technological advances ; and ( v ) the activities of competitors . in addition to developing new products , obtaining new customers and increasing sales to existing customers , management plans to increase its business and profitability by entering into collaboration agreements , buying assets , and acquiring companies in the business software and information technology consulting market with solid revenue streams and established customer bases that generate positive cash flow . on may 6 , 2014 , swk acquired certain assets of esc , inc. pursuant to an asset purchase agreement for a promissory note in the aggregate principal amount of $ 350,000 ( the “ esc note ” ) . the esc note matures on april 1 , 2019. monthly payments are $ 6,135 including interest at 2 % per year . at december 31 , 2017 and december 31 , 2016 , the outstanding balance was $ 102,742 and $ 173,535 respectively . on march 11 , 2015 swk entered into an asset purchase agreement with 2000 soft , inc. d/b/a atr , a california corporation , and karen espinoza mcgarrigle in her individual capacity as shareholder . swk acquired certain assets of atr ( as defined in the purchase agreement ) . in consideration for the acquired assets , the company issued a promissory note in the aggregate principal amount of $ 175,000 and paid cash of $ 80,000. at december 31 , 2017 and december 31 , 2016 , the outstanding balance was $ 14,987 and $ 74,194 respectively . on july 6 , 2015 , swk acquired certain assets of productivetech inc. ( pti ) pursuant to an asset purchase agreement cash of $ 500,000 and a promissory note for $ 600,000 ( the “ pti note ” ) .
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 Suspicious Activity Report : overview silversun technologies , inc. is involved in the acquisition and build-out of technology and software companies engaged in providing transformational business management applications and professional consulting services to small and medium size companies , primarily in the manufacturing , distribution and service industries . we are executing a business strategy centered on the design and development of our own proprietary business management solutions , which now includes our mapadoc® electronic data interchange ( edi ) solution and other proprietary solutions and enhancements ; as well as on the acquisition of application resellers and software publishers of unique and proprietary solutions in the extensive and expanding , but highly fragmented , business solutions marketplace . our core strength is rooted in our ability to discover and identify the driving forces of change that are affecting – or will affect – businesses in a wide range of industries . we invest valuable time and resources to fully understand how technology is transforming the business management landscape and what current or emerging innovations are deserving of a clients ' attention . by leveraging this knowledge and foresight , our growing list of clients are empowered with the means to more effectively manage their businesses ; to capitalize on real-time insight drawn from their data resources ; and to materially profit from enhanced operational functionality , process flexibility and expedited process execution . a key tactical strategy for our company is developing smart , proprietary business management applications that effectively and efficiently integrate with existing business management systems ; and in publishing proprietary solutions for niche markets that address unique manufacturing and distribution challenges and needs . in this regard , through our wholly-owned subsidiary , swk technologies , inc. ( “ swk ” ) , we publish proprietary edi software , branded as mapadoc . mapadoc is a fully integrated , easy-to use , feature-rich edi solution for users of sage software , inc. 's ( “ sage ” ) market leading sage 100 erp , sage 500 erp and sage erp x3 software products and for users of the cloud erp solution published by acumatica , inc. providing seamless integration and dramatically decreasing data-entry time and associated costs , it is marketed and distributed worldwide by the company 's direct sales force , as well as through its platform partner , sps commerce , inc. and a growing national network of independent software partners and resellers , to customers largely supplying big-box retailers , including walmart , cvs , target and costco . 20 we also provide managed it services to our customers . as microsoft certified systems engineers and microsoft certified professionals , our staff offers a host of mission critical services , including remote network monitoring , server implementation , support and assistance , operation and maintenance of large central systems , technical design of network infrastructure , technical troubleshooting for large scale problems , network and server security , and back-up , archiving and storage of data from servers . we compete with numerous large and small companies in this market sector , both nationally and locally . distinguished as one of the largest sage erp x3 practices in north america , we resell enterprise resource planning software published by sage , which addresses the financial accounting requirements of small- and medium-size businesses focused on manufacturing and distribution . we also offer services related to these sales , including installation , support and training . these product sales are primarily packaged software programs installed on a user workstation , on a local area network server , or in a hosted environment . the programs perform and support a wide variety of functions related to accounting , including financial reporting , accounts payable , accounts receivable and inventory management . we employ class instructors and host formal , topic-specific , training classes , typically on-site at our clients ' facilities . our instructors must pass annual subject matter examinations required by sage to retain their product-based teaching certifications . we also provide end-user technical support services through our support/help desk , which is available during normal business hours , monday through friday . our team of qualified product and technology consultants assist customers that contact us with questions about product features , functions , usability issues and configurations . the support/help desk offers services in a variety of ways , including prepaid services , time and materials billed as utilized and annual support contracts . our customers can communicate with our support/help desk through email , telephone and fax channels . led by specialized project managers , we provide professional services ranging from software customization to data migration to small- and medium-size business consulting . we also are resellers of the warehouse management system ( “ wms ” ) software published by high jump , inc. ( “ high jump ” ) , which develops warehouse management software for middle market distributors . the primary purpose of a wms is to control the movement and storage of materials within an operation and process the associated transactions . directed picking , directed replenishment , and directed put-away are the key to wms . the detailed setup and processing within a wms can vary significantly from one software vendor to another . however , the basic wms will use a combination of item , location , quantity , unit of measure and order information to determine where to stock , where to pick , and in what sequence to perform these operations . the accellos wms software improves accuracy and efficiency , streamlines materials handling , meets retail compliance requirements , and refines inventory control . accellos also works as part of a complete operational solution by integrating seamlessly with rf hardware , accounting software , shipping systems and warehouse automation equipment . we market the accellos solution to our existing and new medium-sized business clients . story_separator_special_tag cash used in financing activities financing activities for the year ended december 31 , 2017 used cash of $ 879,017 as compared to using cash of $ 869,705 for the year ended december 31 , 2016. this increase in cash used in financing activities is mostly attributed to the payment of a cash dividend , contingent consideration , and repayment of the long term debt and capital lease payments . the company believes that as a result of the growth in business , and the availability of its credit line , it has adequate liquidity to fund its operating plans for at least the next twelve months . there was no significant impact on the company 's operations because of inflation for the year ended december 31 , 2017. critical accounting policies the discussion and analysis of our financial condition and results of operations are based on our consolidated financial statements , which have been prepared in accordance with accounting principles generally accepted in the united states of america ( gaap ) . the preparation of these consolidated financial statements requires us to make estimates and judgments that affect the reported amounts of assets , liabilities , revenues and expenses , and related disclosure of contingent assets and liabilities . on an on-going basis , we evaluate these estimates , including those related to bad debts , intangible assets , and litigation . we base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances , the results of which form the basis for making judgments about the carrying values of certain assets and liabilities . actual results may differ from these estimates under different assumptions or conditions . we have identified below the accounting policies , related to what we believe are most critical to our business operations and are discussed throughout management 's discussion and analysis of financial condition or plan of operation where such policies affect our reported and expected financial results . revenue recognition revenue is recognized when products are shipped , or services are rendered , evidence of a contract exists , the price is fixed or reasonably determinable , and collectability is reasonably assured . 24 product revenue software product revenue is recognized when the product is shipped to the customer . the company treats the software component and the professional services consulting component as two separate arrangements that represent separate units of accounting . the arrangement consideration is allocated to each unit of accounting based upon that unit 's proportion of the fair value . in a situation where both components are present , software sales revenue is recognized when collectability is reasonably assured and the product is delivered and has stand-alone value based upon vendor specific objective evidence . service revenue service revenue is comprised of primarily professional service consulting revenue , maintenance revenue and other ancillary services provided as described below . professional service revenue is recognized as service is incurred . with respect to maintenance services , upon the completion of one year from the date of sale , the company offers customers an optional annual software maintenance and support agreement for subsequent one-year periods . maintenance and support agreements are recorded as deferred revenue and recognized over the respective terms of the agreements , which typically range from three months to one year and are included in service revenue in the consolidated statement of income . shipping and handling costs charged to customers are classified as revenue , and the shipping and handling costs incurred are included in cost of sales . accounts receivable the company performs ongoing credit evaluations of its customers and adjusts credit limits based on customer payment and current credit worthiness , as determined by review of their current credit information . the company continuously monitors credits and payments from its customers and maintains provision for estimated credit losses based on its historical experience and any specific customer issues that have been identified . while such credit losses have historically been within our expectation and the provision established , the company can not guarantee that it will continue to receive positive results . unbilled services the company recognizes revenue on its professional services as those services are performed or certain obligations are met . goodwill goodwill is the excess of acquisition cost of an acquired entity over the fair value of the identifiable net assets acquired . goodwill is not amortized , but tested for impairment annually or whenever indicators of impairment exist . these indicators may include a significant change in the business climate , legal factors , operating performance indicators , competition , sale or disposition of a significant portion of the business or other factors . intangible assets the values assigned to intangible assets were based on an independent valuation . purchased intangible assets are amortized over the useful lives based on the estimate of the use of economic benefit of the asset using the straight-line amortization method . the company assesses potential impairment of its intangible assets when there is evidence that recent events or changes in circumstances have made recovery of an asset 's carrying value unlikely . factors the company considers important , which may cause impairment include , among others , significant changes in the manner of use of the acquired asset , negative industry or economic trends , and significant underperformance relative to historical or projected operating results . income taxes deferred income taxes reflect the net tax effects of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes , as well as net operating loss carryforwards . deferred tax assets and liabilities are classified as non-current based on the classification of the related assets or liabilities for financial reporting , or according to the expected reversal dates of the specific temporary differences , if not related to an asset or liability for financial reporting

