in march 2011 , the national development and reform commission announced that from may 2011 , each residential house must be marked clearly with a specific price as the ceiling price . apart from administrative measures , to further tighten liquidity , the people 's bank of china increased banks ' required reserve ratios six consecutive times and raised the benchmark interest rate three times since the beginning of the year , leaving a profound impact on the residential housing transaction volume . in 2011 , residential housing transaction volume in major cities nationwide recorded a decrease compared with that of the same period of 2010. the first-tier cities with stricter policies witnessed a more extensive decrease in transaction volume . under such changing policies and market environment , the company actively followed the macroeconomic control trends , strengthened the intensive corporate management and optimized the operating model of premium standardized housing . a number of key indicators continued to record substantial growth . during fiscal 2011 , the company achieved a total sales revenue amount of $ 56.9 million , an increase of 20 % over fiscal 2010 's total sales revenue of $ 47.3 million . our average selling price in fiscal 2011 was approximately $ 436 per square meter , increased by 22 % over fiscal 2010. our sales in fiscal 2011 were mainly generated from four projects , namely yanzhou pear garden , nandajie , mingzhu garden and central plaza . this achievement resulted from an effective strategy in reaction to the changes in the chinese real estate market and governmental policies , strengthened management of construction progress , strict cost controls , and an enhanced marketing force to increase the public recognition of our brand . t here also exist some uncertainties in our future sales trend which may impact our reported revenue in the near future . we recognize real estate sales revenue when all the criteria for revenue recognition have been met and the property has been delivered to buyers . our sales revenue is affected by the number of units delivered and also affected by fluctuations in market prices . most of our newly developed projects are high-rise buildings with longer construction periods . consequently , in certain future reporting periods , we may not have any new construction work completed and delivered to buyers . this may negatively impact our revenue in such periods . this is a characteristic of our business and uneven sales revenues from quarter to quarter is due in part to the rate at which units are completed and delivered to buyers . with respect to capital funding requirements , while many property developers must now worry about their debt leverage and working capital needs for debt repayment , in contrast , the company does not have any external debt obligations outstanding as at september 30 , 2011 except for a loan in the amount of $ 1,810,000 to its major shareholder . the company 's ample cash flows from sales and , if necessary , shareholder loans should provide financial support for its current development and operations . in order to fully implement our business plan , however , we may need to raise capital in future . our expectation , therefore , is that we will seek to access the capital markets in both the u.s. and china to obtain the funds we require . at the present time , however , we do not have commitments of funds from any source . 27 the government 's tightening policies should continue in 2012 , which may make real estate developers face more difficulties in obtaining land use rights and bank loans . these governmental policies will also negatively affect buyers ' confidence and consumption psychology . some buyers are taking a wait-and-see attitude and may delay their purchasing decision . such market conditions will impact our sales revenue to a certain degree . despite the declining transaction volume and cooling real estate market , housing prices in tier 3 and tier 4 cities and counties have not shown a substantial correction . meanwhile , with affordable housing construction still underway , it takes time for abundant affordable housing to appear in the market . the company therefore expects the purchase restrictions and price ceiling policies to continue , which however , should have less impact on the company 's products compared to the real estate markets in tier i and ii cities and counties . on the other hand , credit conditions will likely continue to tighten . the company expects to continue to focus on developing real estate properties in prime locations of tier 3 and tier 4 cities and counties . results of operation revenues we recognize revenue from the sales of real property in accordance with the full accrual method at the time of the closing of an individual unit sale . this occurs when title to or possession of the property is transferred to the buyer . a sale is not considered consummated until ( a ) the parties are bound by the terms of a contract , ( b ) all consideration has been exchanged , ( c ) any permanent financing of which the seller is responsible has been arranged , ( d ) all conditions precedent to closing have been performed , ( e ) the seller does not have substantial continuing involvement with the property , and ( f ) the usual risks and rewards of ownership have been transferred to the buyer . further , the buyer 's initial and continuing investment is adequate to demonstrate a commitment to pay for the property , and the buyer 's receivable , if any , is not subject to future subordination . story_separator_special_tag the average translation rates applied to the income statements accounts for the periods ended september 30 , 2011 and 2010 were 6.5377 rmb and 6.82135 rmb , respectively . story_separator_special_tag text-indent : 0pt ; margin-right : 0pt `` > 34 operating activities net cash used in operating activities during the twelve months ended september 30 , 2011 was $ 5,586,447 , consisting of net income of $ 18,719,938 , noncash adjustments of $ 137,059 and net changes in our operating assets and liabilities due to our expanded operating activities , including a decrease in restricted cash of $ 79,523 , an increase in advances to vendors and loans to outside parties of $ 1,403,056 which were made in order to maintain good relationships with the suppliers , an increase in real estate property completed of $ 7,284,509 , an increase in real estate property under development of $ 24,128,313 due to our expansion into multiple phases of the existing real estate projects during the year , increased security deposits for land use rights of $ 6,118,360 , increased accounts payable of $ 6,448,357 due to more progress achieved in multiple real estate projects , increased customer deposits in the amount of $ 7,372,965 which we were able to recognize as revenue when all conditions for revenue recognition were met , increased accrued expenses of $ 1,023,617 due to unpaid sales commissions and staff compensation , and decreased taxes payable of $ 71,217 due to an increase in our net income . the negative cash provided by operating activities is mainly attributable to our significant spending on real estate property under development and deposits for land use rights . net cash used in operating activities during the twelve months ended september 30 , 2010 was $ 12,253,101 , consisting of net income of $ 17,312,762 , noncash adjustments of $ 114,456 offset by net changes in our operating assets and liabilities due to our expanded operating activities , including an increase in restricted cash of $ 493,208 , an increase in loans to outside parties of $ 4,807,282 which were made in order to maintain good relationships with the suppliers , an increase in real estate property completed of $ 8,327,290 , a decrease in real estate property under development of $ 6,011,679 due to the completion of three projects during the year , decreased customer deposits in the amount of $ 888,119 which we were able to recognize as revenue because all conditions for revenue recognition were met , increased taxes payable of $ 2,456,598 due to an increase in our net income , and increased accrued expenses of $ 772,007. the increase of the cash provided by operating activities is mainly attributable to the decrease in real estate property under development and the increase in taxes payable . the decrease in real estate property is due to the increased completion of buildings of yangzhou pearl garden , mingzhu garden ( mingzhu nanyuan and mingzhu beiyuan ) , oriental mingzhu garden and nandajie ( mingzhu xinju ) . the increase in taxes payable resulted from the increase in revenue . net cash used in operating activities for the year ended september 30 , 2011 was $ 5,586,447 compared with a net cash provided by operating activities of $ 12,253,102 for the year ended september 30 , 2010 , a net decrease of $ 17,839,549 compared to the same period in 2010. investing activities cash flows used in investing activities were $ 490,755 in the twelve months ended september 30 , 2011 , compared to $ 7,696 in the twelve months ended september 30 , 2010. cash flows used in investing activities in the twelve months ended september 30 , 2011 increased by $ 483,755 compared to the same period in 2010 as a result of the purchase of a new office building in 2011. financing activities net cash flows provided by financing activities amounted to $ 1,810,000 in the twelve months ended september 30 , 2011 , which was a loan from our major shareholder . cash flows used in financing activities amounted to $ 674,353 in the twelve months ended september 30 , 2010 , which consisted of the repayment of loans . cash flows provided by financing activities for the year ended september 30 , 2011 increased by $ 2,484,353 to $ 1,810,000 , compared to $ 674,353 of cash flow used in financing activities in 2010. off-balance sheet arrangements we do not have any off-balance sheet arrangements . inflation inflation has not had a material impact on our business and we do not expect inflation to have a material impact on our business in the near future . 35 critical accounting policies and management estimates the discussion and analysis of our financial condition and results of operations are based upon our consolidated financial statements , which have been prepared in accordance with accounting principles generally accepted in the united states . the preparation of these consolidated financial statements requires us to make estimates and judgments that affect our reported assets , liabilities , revenues and expenses , and related disclosure of contingent assets and liabilities . we evaluate our estimates on an on-going basis and use them on historical experience and various other assumptions that are believed to be reasonable under the circumstances as the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources . actual results may differ from these estimates because of different assumptions or conditions . we believe the following critical accounting policies affect our significant estimates and judgments used in the preparation of our consolidated financial statements . these policies should be read in conjunction with note 2 of the notes to consolidated financial statements . principles of consolidation the company 's consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the united states of america ( “ u.s . gaap ” ) . the consolidated financial

liquidity and capital resources current assets and liabilities to date , we have financed our operations primarily through cash flows from operations and borrowings from a shareholder . as of september 30 , 2011 , the company had $ 32,523,841 in working capital , a decrease of $ 7,531,792 as compared to $ 40,055,633 as of september 30 , 2010. the decrease was primarily due to the increase of accounts payable related to the construction contractors which will be paid within a year after the settlement of the constructions and unpaid construction costs . the significant increase in account payables related to construction contractors were mainly due to more construction progress achieved in multiple real estate projects during 2011. total current assets increased to approximately $ 60.2 million at september 30 , 2011 from $ 59.3 million at september 30 , 2010. the primary changes in our current assets during this year were increases in advances to suppliers , our security deposit for land use rights and real estate property development completed and were offset by the decreases in cash and cash equivalents , restricted cash and real estate property under development . the decrease of cash from $ 12.6 million at september 30 , 2010 to $ 8.8 million as of september 30 , 2011 was due primarily to our spending $ 6.3 million for a security deposit for land use rights . the increase in advances to vendors and loans to outside parties from $ 6.7 million at september 30 , 2010 to $ 8.8 million as of september 30 , 2011 was attributed to our financial support to strengthen our relationship with our construction material suppliers .


 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 current assets and liabilities to date , we have financed our operations primarily through cash flows from operations and borrowings from a shareholder . as of september 30 , 2011 , the company had $ 32,523,841 in working capital , a decrease of $ 7,531,792 as compared to $ 40,055,633 as of september 30 , 2010. the decrease was primarily due to the increase of accounts payable related to the construction contractors which will be paid within a year after the settlement of the constructions and unpaid construction costs . the significant increase in account payables related to construction contractors were mainly due to more construction progress achieved in multiple real estate projects during 2011. total current assets increased to approximately $ 60.2 million at september 30 , 2011 from $ 59.3 million at september 30 , 2010. the primary changes in our current assets during this year were increases in advances to suppliers , our security deposit for land use rights and real estate property development completed and were offset by the decreases in cash and cash equivalents , restricted cash and real estate property under development . the decrease of cash from $ 12.6 million at september 30 , 2010 to $ 8.8 million as of september 30 , 2011 was due primarily to our spending $ 6.3 million for a security deposit for land use rights . the increase in advances to vendors and loans to outside parties from $ 6.7 million at september 30 , 2010 to $ 8.8 million as of september 30 , 2011 was attributed to our financial support to strengthen our relationship with our construction material suppliers .
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 Suspicious Activity Report : in march 2011 , the national development and reform commission announced that from may 2011 , each residential house must be marked clearly with a specific price as the ceiling price . apart from administrative measures , to further tighten liquidity , the people 's bank of china increased banks ' required reserve ratios six consecutive times and raised the benchmark interest rate three times since the beginning of the year , leaving a profound impact on the residential housing transaction volume . in 2011 , residential housing transaction volume in major cities nationwide recorded a decrease compared with that of the same period of 2010. the first-tier cities with stricter policies witnessed a more extensive decrease in transaction volume . under such changing policies and market environment , the company actively followed the macroeconomic control trends , strengthened the intensive corporate management and optimized the operating model of premium standardized housing . a number of key indicators continued to record substantial growth . during fiscal 2011 , the company achieved a total sales revenue amount of $ 56.9 million , an increase of 20 % over fiscal 2010 's total sales revenue of $ 47.3 million . our average selling price in fiscal 2011 was approximately $ 436 per square meter , increased by 22 % over fiscal 2010. our sales in fiscal 2011 were mainly generated from four projects , namely yanzhou pear garden , nandajie , mingzhu garden and central plaza . this achievement resulted from an effective strategy in reaction to the changes in the chinese real estate market and governmental policies , strengthened management of construction progress , strict cost controls , and an enhanced marketing force to increase the public recognition of our brand . t here also exist some uncertainties in our future sales trend which may impact our reported revenue in the near future . we recognize real estate sales revenue when all the criteria for revenue recognition have been met and the property has been delivered to buyers . our sales revenue is affected by the number of units delivered and also affected by fluctuations in market prices . most of our newly developed projects are high-rise buildings with longer construction periods . consequently , in certain future reporting periods , we may not have any new construction work completed and delivered to buyers . this may negatively impact our revenue in such periods . this is a characteristic of our business and uneven sales revenues from quarter to quarter is due in part to the rate at which units are completed and delivered to buyers . with respect to capital funding requirements , while many property developers must now worry about their debt leverage and working capital needs for debt repayment , in contrast , the company does not have any external debt obligations outstanding as at september 30 , 2011 except for a loan in the amount of $ 1,810,000 to its major shareholder . the company 's ample cash flows from sales and , if necessary , shareholder loans should provide financial support for its current development and operations . in order to fully implement our business plan , however , we may need to raise capital in future . our expectation , therefore , is that we will seek to access the capital markets in both the u.s. and china to obtain the funds we require . at the present time , however , we do not have commitments of funds from any source . 27 the government 's tightening policies should continue in 2012 , which may make real estate developers face more difficulties in obtaining land use rights and bank loans . these governmental policies will also negatively affect buyers ' confidence and consumption psychology . some buyers are taking a wait-and-see attitude and may delay their purchasing decision . such market conditions will impact our sales revenue to a certain degree . despite the declining transaction volume and cooling real estate market , housing prices in tier 3 and tier 4 cities and counties have not shown a substantial correction . meanwhile , with affordable housing construction still underway , it takes time for abundant affordable housing to appear in the market . the company therefore expects the purchase restrictions and price ceiling policies to continue , which however , should have less impact on the company 's products compared to the real estate markets in tier i and ii cities and counties . on the other hand , credit conditions will likely continue to tighten . the company expects to continue to focus on developing real estate properties in prime locations of tier 3 and tier 4 cities and counties . results of operation revenues we recognize revenue from the sales of real property in accordance with the full accrual method at the time of the closing of an individual unit sale . this occurs when title to or possession of the property is transferred to the buyer . a sale is not considered consummated until ( a ) the parties are bound by the terms of a contract , ( b ) all consideration has been exchanged , ( c ) any permanent financing of which the seller is responsible has been arranged , ( d ) all conditions precedent to closing have been performed , ( e ) the seller does not have substantial continuing involvement with the property , and ( f ) the usual risks and rewards of ownership have been transferred to the buyer . further , the buyer 's initial and continuing investment is adequate to demonstrate a commitment to pay for the property , and the buyer 's receivable , if any , is not subject to future subordination . story_separator_special_tag the average translation rates applied to the income statements accounts for the periods ended september 30 , 2011 and 2010 were 6.5377 rmb and 6.82135 rmb , respectively . story_separator_special_tag text-indent : 0pt ; margin-right : 0pt `` > 34 operating activities net cash used in operating activities during the twelve months ended september 30 , 2011 was $ 5,586,447 , consisting of net income of $ 18,719,938 , noncash adjustments of $ 137,059 and net changes in our operating assets and liabilities due to our expanded operating activities , including a decrease in restricted cash of $ 79,523 , an increase in advances to vendors and loans to outside parties of $ 1,403,056 which were made in order to maintain good relationships with the suppliers , an increase in real estate property completed of $ 7,284,509 , an increase in real estate property under development of $ 24,128,313 due to our expansion into multiple phases of the existing real estate projects during the year , increased security deposits for land use rights of $ 6,118,360 , increased accounts payable of $ 6,448,357 due to more progress achieved in multiple real estate projects , increased customer deposits in the amount of $ 7,372,965 which we were able to recognize as revenue when all conditions for revenue recognition were met , increased accrued expenses of $ 1,023,617 due to unpaid sales commissions and staff compensation , and decreased taxes payable of $ 71,217 due to an increase in our net income . the negative cash provided by operating activities is mainly attributable to our significant spending on real estate property under development and deposits for land use rights . net cash used in operating activities during the twelve months ended september 30 , 2010 was $ 12,253,101 , consisting of net income of $ 17,312,762 , noncash adjustments of $ 114,456 offset by net changes in our operating assets and liabilities due to our expanded operating activities , including an increase in restricted cash of $ 493,208 , an increase in loans to outside parties of $ 4,807,282 which were made in order to maintain good relationships with the suppliers , an increase in real estate property completed of $ 8,327,290 , a decrease in real estate property under development of $ 6,011,679 due to the completion of three projects during the year , decreased customer deposits in the amount of $ 888,119 which we were able to recognize as revenue because all conditions for revenue recognition were met , increased taxes payable of $ 2,456,598 due to an increase in our net income , and increased accrued expenses of $ 772,007. the increase of the cash provided by operating activities is mainly attributable to the decrease in real estate property under development and the increase in taxes payable . the decrease in real estate property is due to the increased completion of buildings of yangzhou pearl garden , mingzhu garden ( mingzhu nanyuan and mingzhu beiyuan ) , oriental mingzhu garden and nandajie ( mingzhu xinju ) . the increase in taxes payable resulted from the increase in revenue . net cash used in operating activities for the year ended september 30 , 2011 was $ 5,586,447 compared with a net cash provided by operating activities of $ 12,253,102 for the year ended september 30 , 2010 , a net decrease of $ 17,839,549 compared to the same period in 2010. investing activities cash flows used in investing activities were $ 490,755 in the twelve months ended september 30 , 2011 , compared to $ 7,696 in the twelve months ended september 30 , 2010. cash flows used in investing activities in the twelve months ended september 30 , 2011 increased by $ 483,755 compared to the same period in 2010 as a result of the purchase of a new office building in 2011. financing activities net cash flows provided by financing activities amounted to $ 1,810,000 in the twelve months ended september 30 , 2011 , which was a loan from our major shareholder . cash flows used in financing activities amounted to $ 674,353 in the twelve months ended september 30 , 2010 , which consisted of the repayment of loans . cash flows provided by financing activities for the year ended september 30 , 2011 increased by $ 2,484,353 to $ 1,810,000 , compared to $ 674,353 of cash flow used in financing activities in 2010. off-balance sheet arrangements we do not have any off-balance sheet arrangements . inflation inflation has not had a material impact on our business and we do not expect inflation to have a material impact on our business in the near future . 35 critical accounting policies and management estimates the discussion and analysis of our financial condition and results of operations are based upon our consolidated financial statements , which have been prepared in accordance with accounting principles generally accepted in the united states . the preparation of these consolidated financial statements requires us to make estimates and judgments that affect our reported assets , liabilities , revenues and expenses , and related disclosure of contingent assets and liabilities . we evaluate our estimates on an on-going basis and use them on historical experience and various other assumptions that are believed to be reasonable under the circumstances as the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources . actual results may differ from these estimates because of different assumptions or conditions . we believe the following critical accounting policies affect our significant estimates and judgments used in the preparation of our consolidated financial statements . these policies should be read in conjunction with note 2 of the notes to consolidated financial statements . principles of consolidation the company 's consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the united states of america ( “ u.s . gaap ” ) . the consolidated financial

