our gaap-based net income will be affected by non-cash charges relating to the amortization of customer related intangible assets and other intangible assets attributable to completed acquisitions . under applicable accounting standards , purchasers are required to allocate the total consideration in a business combination to the identified assets acquired and liabilities assumed based on their fair values at the time of acquisition . the excess of the consideration paid over the fair value of the identifiable net assets acquired is to be allocated to goodwill , which is tested at least annually for impairment . applicable accounting standards require that we separately account for and value certain identifiable intangible assets based on the unique facts and circumstances of each acquisition . as a result of our acquisition strategy , our net income will include material non-cash charges relating to the amortization of customer related intangible assets and other intangible assets acquired in our acquisitions . although these charges may increase as we complete more acquisitions , we believe we will be growing the value of our intangible assets ( e.g . , customer relationships ) . thus , we believe that earnings before interest , taxes , depreciation and amortization , or ebitda , is a useful financial measure for investors because it eliminates the effect of these non-cash costs and provides an important metric for our business . ebitda is a non-gaap measure of income and does not include the effects of preferred stock dividends , interest and taxes , and excludes the “ non-cash ” effects of depreciation and amortization on long-term assets . companies have some discretion as to which elements of depreciation and amortization are excluded in the ebitda calculation . we exclude all depreciation charges related to technology and equipment , all amortization charges ( including amortization of leasehold improvements ) , and other intangible assets . we then further adjust ebitda to exclude changes in contingent consideration , expenses specifically attributable to acquisitions , severance and lease termination costs , foreign exchange gains and losses , extraordinary items , share-based compensation expense , non-recurring litigation expenses , and other non-cash charges . adjusted ebitda is then normalized by excluding non-recurring transition costs . while management considers ebitda , adjusted ebitda , and normalized adjusted ebitda useful in analyzing our results , it is not intended to replace any presentation included in our consolidated financial statements . our operating results are also subject to seasonal trends when measured on a quarterly basis . the impact of seasonality on our business will depend on numerous factors , including the markets in which we operate , holiday seasons , consumer demand and economic conditions . since our revenue is largely derived from customers whose shipments are dependent upon consumer demand and just-in-time production schedules , the timing of our revenue is often beyond our control . factors such as shifting demand for retail goods and or manufacturing production delays could unexpectedly affect the timing of our revenue . as we increase the scale of our operations , seasonal trends in one area of our business may be offset to an extent by opposite trends in another area . we can not accurately predict the timing of these factors , nor can we accurately estimate the impact of any particular factor , and thus we can give no assurance any historical seasonal patterns will continue in future periods . 29 critical accounting policies accounting policies , methods and estimates are an integral part of the consolidated financial statements prepared by management and are based upon management 's current judgments . these judgments are normally based on knowledge and experience regarding to past and current events and assumptions about future events . certain accounting policies , methods and estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ from management 's current judgments . while there are a number of accounting policies , methods and estimates that affect our financial statements , the areas that are particularly significant include revenue recognition , accruals for the cost of purchased transportation , the fair value of acquired assets and liabilities , changes in contingent consideration , accounting for the issuance of shares and share-based compensation , the assessment of the recoverability of long-lived assets , acquired intangible assets , goodwill , and the establishment of an allowance for doubtful accounts . we perform an annual impairment test for goodwill as of april 1 of each year , unless events or circumstances indicate impairment may have occurred before that time . we assess qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than the carrying amount . after assessing qualitative factors , if further testing is necessary we would determine the fair value of each reporting unit , and compare the fair value to the reporting unit 's carrying amount . acquired intangibles consist of customer related intangibles , trade names and trademarks , and non-compete agreements arising from our acquisitions . customer related intangibles are amortized using the straight-line method over a period of up to 10 years , trademarks and trade names are amortized using the straight line method over 15 years , and non-compete agreements are amortized using the straight line method over the term of the underlying agreements . we review long-lived assets to be held-and-used for impairment whenever events or changes in circumstances indicate the carrying amount of the assets may not be recoverable . if the sum of the undiscounted expected future cash flows over the remaining useful life of a long-lived asset is less than its carrying amount , the asset is considered to be impaired . impairment losses are measured as the amount by which the carrying amount of the asset exceeds the fair value of the asset . story_separator_special_tag the conditions imposed by the senior credit facility include the following : ( i ) the absence of an event of default under the senior credit facility , ( ii ) the acquisition must be consensual ; ( iii ) the company to be acquired must be in the transportation and logistics industry , located in the united states or certain other approved jurisdictions , and have a positive ebitda for the 12 month period most recently ended prior to such acquisition , ( iv ) no debt or liens may be incurred , assumed or result from the acquisition , subject to limited exceptions , ( v ) after giving effect for the funding of the acquisition , we must have availability under the senior credit facility of at least the greater of 15 % of the u.s.-based borrowing base and canadian-based borrowing base or $ 15.0 million , and u.s. availability of at least $ 10.0 million , and ( vi ) the pro forma fixed charge coverage ratio is at least 1.1 to 1.0. in the event that we are not able to satisfy the conditions of the senior credit facility in connection with a proposed acquisition , we must either forego the acquisition , obtain the consent of the senior lenders , or retire the senior credit facility . this may limit or slow our ability to achieve the critical mass we may need to achieve our strategic objectives . 38 as of june 30 , 2017 , we have gross availability of $ 65.9 million , net of $ 13.8 million in advances and letter of cred it reserves of approximately $ 0.3 million with approximately $ 51.8 million in availability under the senior credit facility to support future acquisitions and our ongoing working capital requirements . we expect to structure acquisitions with certain amount s paid at closing , and the balance paid over a number of years in the form of earn-out installments which are payable based upon the future earnings of the acquired businesses payable in cash , stock or some combination thereof . as we continue to execute ou r acquisition strategy , we will be required to make significant payments in the future if the earn-out installments under our various acquisitions become due . while we believe that a portion of any required cash payments will be generated by the acquired b usinesses , we may have to secure additional sources of capital to fund the remainder of any cash-based earn-out payments as they become due . this presents us with certain business risks relative to the availability of capacity under our senior credit facil ity , the availability and pricing of future fund raising , as well as the potential dilution to our stockholders to the extent the earn-outs are satisfied directly , or indirectly , from the sale of equity . senior secured integrated private debt fund iv lp term loan and fund v term loan on april 2 , 2015 , wheels obtained a cad $ 29.0 million senior secured canadian term loan from ipd iv pursuant to the ipd iv loan agreement . the company and its u.s. and canadian subsidiaries are guarantors of the wheels obligations thereunder . the loan matures on april 1 , 2024 and accrues interest at a rate of 6.65 % per annum . we made interest-only payments for the first 12 months and will make blended principal and interest through maturity . in connection with the loan , we paid an amount equal to five months of interest payments into a debt service reserve account controlled by ipd . in connection with our acquisition of lomas , wheels obtained a cad $ 10.0 million senior secured canadian term loan from ipd v pursuant to the ipd v loan agreement . the company and its u.s. and canadian subsidiaries are guarantors of the wheels obligations thereunder . the loan matures on june 1 , 2024 and accrues interest at a rate of 6.65 % per annum . the loan repayment consists of monthly blended principal and interest payments . the loans may be prepaid in whole at any time upon providing at least 30 days prior written notice and paying the difference between ( i ) the present value of the loan interest and the principal payments foregone discounted at the government of canada bond yield for the term from the date of prepayment to the maturity date , and ( ii ) the face value of the principal amount being prepaid . the loans are collateralized by a ( i ) first-priority security interest in all of the assets of wheels except the canadian a/r assets , ( ii ) a second-priority security interest in the canadian a/r assets , and ( iii ) a second-priority security interest on all of our assets . the terms of the loan are subject to certain financial covenants , which require us to maintain ( i ) a fixed charge coverage ratio of 1.1 to 1.0 during any trigger period , ( ii ) a debt service coverage ratio of at least 1.2 to 1.0 and ( iii ) a senior debt to ebitda ratio of at least 3.0 to 1.0. under the terms of the ipd loan agreements , we are permitted to make additional acquisitions without ipd 's consent only if certain conditions are satisfied , including , among others : ( i ) the equity interests or property acquired in such acquisition constitute a business reasonably related to our business or the business of wheels ; ( ii ) no default or event of default shall exist prior to or will be caused as a result of such acquisition ; ( iii ) we or wheels shall have provided ipd with at least 10 business days prior written notice of such acquisition that must include certain descriptive information and pro forma information regarding the acquisition ; ( iv ) such

liquidity and capital resources fiscal year ended june 30 , 2017 compared to fiscal year ended june 30 , 2016 net cash provided by operating activities was $ 14.9 million and $ 21.4 million for the years ended june 30 , 2017 and 2016 , respectively . the cash provided primarily consisted of net income or loss adjusted for depreciation and amortization and changes in accounts payable and accounts receivable . net cash used for investing activities was $ 16.3 million and $ 4.4 million for the years ended june 30 , 2017 and 2016 , respectively . the primary uses of cash were for acquisitions and purchases of technology and equipment . cash paid for acquisitions was $ 11.5 million and $ 0.8 million for the years ended june 30 , 2017 and 2016 , respectively . cash paid for purchases of technology and equipment was $ 4.9 million and $ 3.7 million for the years ended june 30 , 2017 and 2016 , respectively . net cash provided by financing activities was $ 2.5 million for the year ended june 30 , 2017 and net cash used for financing activities was $ 19.6 million for the year ended june 30 , 2016. the cash provided or used by financing activities primarily consisted of proceeds from or repayments to the credit facility , borrowings and repayment of notes payable , common stock offering , payments of contingent consideration and payments of preferred stock dividends .


 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 fiscal year ended june 30 , 2017 compared to fiscal year ended june 30 , 2016 net cash provided by operating activities was $ 14.9 million and $ 21.4 million for the years ended june 30 , 2017 and 2016 , respectively . the cash provided primarily consisted of net income or loss adjusted for depreciation and amortization and changes in accounts payable and accounts receivable . net cash used for investing activities was $ 16.3 million and $ 4.4 million for the years ended june 30 , 2017 and 2016 , respectively . the primary uses of cash were for acquisitions and purchases of technology and equipment . cash paid for acquisitions was $ 11.5 million and $ 0.8 million for the years ended june 30 , 2017 and 2016 , respectively . cash paid for purchases of technology and equipment was $ 4.9 million and $ 3.7 million for the years ended june 30 , 2017 and 2016 , respectively . net cash provided by financing activities was $ 2.5 million for the year ended june 30 , 2017 and net cash used for financing activities was $ 19.6 million for the year ended june 30 , 2016. the cash provided or used by financing activities primarily consisted of proceeds from or repayments to the credit facility , borrowings and repayment of notes payable , common stock offering , payments of contingent consideration and payments of preferred stock dividends .
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 Suspicious Activity Report : our gaap-based net income will be affected by non-cash charges relating to the amortization of customer related intangible assets and other intangible assets attributable to completed acquisitions . under applicable accounting standards , purchasers are required to allocate the total consideration in a business combination to the identified assets acquired and liabilities assumed based on their fair values at the time of acquisition . the excess of the consideration paid over the fair value of the identifiable net assets acquired is to be allocated to goodwill , which is tested at least annually for impairment . applicable accounting standards require that we separately account for and value certain identifiable intangible assets based on the unique facts and circumstances of each acquisition . as a result of our acquisition strategy , our net income will include material non-cash charges relating to the amortization of customer related intangible assets and other intangible assets acquired in our acquisitions . although these charges may increase as we complete more acquisitions , we believe we will be growing the value of our intangible assets ( e.g . , customer relationships ) . thus , we believe that earnings before interest , taxes , depreciation and amortization , or ebitda , is a useful financial measure for investors because it eliminates the effect of these non-cash costs and provides an important metric for our business . ebitda is a non-gaap measure of income and does not include the effects of preferred stock dividends , interest and taxes , and excludes the “ non-cash ” effects of depreciation and amortization on long-term assets . companies have some discretion as to which elements of depreciation and amortization are excluded in the ebitda calculation . we exclude all depreciation charges related to technology and equipment , all amortization charges ( including amortization of leasehold improvements ) , and other intangible assets . we then further adjust ebitda to exclude changes in contingent consideration , expenses specifically attributable to acquisitions , severance and lease termination costs , foreign exchange gains and losses , extraordinary items , share-based compensation expense , non-recurring litigation expenses , and other non-cash charges . adjusted ebitda is then normalized by excluding non-recurring transition costs . while management considers ebitda , adjusted ebitda , and normalized adjusted ebitda useful in analyzing our results , it is not intended to replace any presentation included in our consolidated financial statements . our operating results are also subject to seasonal trends when measured on a quarterly basis . the impact of seasonality on our business will depend on numerous factors , including the markets in which we operate , holiday seasons , consumer demand and economic conditions . since our revenue is largely derived from customers whose shipments are dependent upon consumer demand and just-in-time production schedules , the timing of our revenue is often beyond our control . factors such as shifting demand for retail goods and or manufacturing production delays could unexpectedly affect the timing of our revenue . as we increase the scale of our operations , seasonal trends in one area of our business may be offset to an extent by opposite trends in another area . we can not accurately predict the timing of these factors , nor can we accurately estimate the impact of any particular factor , and thus we can give no assurance any historical seasonal patterns will continue in future periods . 29 critical accounting policies accounting policies , methods and estimates are an integral part of the consolidated financial statements prepared by management and are based upon management 's current judgments . these judgments are normally based on knowledge and experience regarding to past and current events and assumptions about future events . certain accounting policies , methods and estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ from management 's current judgments . while there are a number of accounting policies , methods and estimates that affect our financial statements , the areas that are particularly significant include revenue recognition , accruals for the cost of purchased transportation , the fair value of acquired assets and liabilities , changes in contingent consideration , accounting for the issuance of shares and share-based compensation , the assessment of the recoverability of long-lived assets , acquired intangible assets , goodwill , and the establishment of an allowance for doubtful accounts . we perform an annual impairment test for goodwill as of april 1 of each year , unless events or circumstances indicate impairment may have occurred before that time . we assess qualitative factors to determine whether it is more likely than not that the fair value of the reporting unit is less than the carrying amount . after assessing qualitative factors , if further testing is necessary we would determine the fair value of each reporting unit , and compare the fair value to the reporting unit 's carrying amount . acquired intangibles consist of customer related intangibles , trade names and trademarks , and non-compete agreements arising from our acquisitions . customer related intangibles are amortized using the straight-line method over a period of up to 10 years , trademarks and trade names are amortized using the straight line method over 15 years , and non-compete agreements are amortized using the straight line method over the term of the underlying agreements . we review long-lived assets to be held-and-used for impairment whenever events or changes in circumstances indicate the carrying amount of the assets may not be recoverable . if the sum of the undiscounted expected future cash flows over the remaining useful life of a long-lived asset is less than its carrying amount , the asset is considered to be impaired . impairment losses are measured as the amount by which the carrying amount of the asset exceeds the fair value of the asset . story_separator_special_tag the conditions imposed by the senior credit facility include the following : ( i ) the absence of an event of default under the senior credit facility , ( ii ) the acquisition must be consensual ; ( iii ) the company to be acquired must be in the transportation and logistics industry , located in the united states or certain other approved jurisdictions , and have a positive ebitda for the 12 month period most recently ended prior to such acquisition , ( iv ) no debt or liens may be incurred , assumed or result from the acquisition , subject to limited exceptions , ( v ) after giving effect for the funding of the acquisition , we must have availability under the senior credit facility of at least the greater of 15 % of the u.s.-based borrowing base and canadian-based borrowing base or $ 15.0 million , and u.s. availability of at least $ 10.0 million , and ( vi ) the pro forma fixed charge coverage ratio is at least 1.1 to 1.0. in the event that we are not able to satisfy the conditions of the senior credit facility in connection with a proposed acquisition , we must either forego the acquisition , obtain the consent of the senior lenders , or retire the senior credit facility . this may limit or slow our ability to achieve the critical mass we may need to achieve our strategic objectives . 38 as of june 30 , 2017 , we have gross availability of $ 65.9 million , net of $ 13.8 million in advances and letter of cred it reserves of approximately $ 0.3 million with approximately $ 51.8 million in availability under the senior credit facility to support future acquisitions and our ongoing working capital requirements . we expect to structure acquisitions with certain amount s paid at closing , and the balance paid over a number of years in the form of earn-out installments which are payable based upon the future earnings of the acquired businesses payable in cash , stock or some combination thereof . as we continue to execute ou r acquisition strategy , we will be required to make significant payments in the future if the earn-out installments under our various acquisitions become due . while we believe that a portion of any required cash payments will be generated by the acquired b usinesses , we may have to secure additional sources of capital to fund the remainder of any cash-based earn-out payments as they become due . this presents us with certain business risks relative to the availability of capacity under our senior credit facil ity , the availability and pricing of future fund raising , as well as the potential dilution to our stockholders to the extent the earn-outs are satisfied directly , or indirectly , from the sale of equity . senior secured integrated private debt fund iv lp term loan and fund v term loan on april 2 , 2015 , wheels obtained a cad $ 29.0 million senior secured canadian term loan from ipd iv pursuant to the ipd iv loan agreement . the company and its u.s. and canadian subsidiaries are guarantors of the wheels obligations thereunder . the loan matures on april 1 , 2024 and accrues interest at a rate of 6.65 % per annum . we made interest-only payments for the first 12 months and will make blended principal and interest through maturity . in connection with the loan , we paid an amount equal to five months of interest payments into a debt service reserve account controlled by ipd . in connection with our acquisition of lomas , wheels obtained a cad $ 10.0 million senior secured canadian term loan from ipd v pursuant to the ipd v loan agreement . the company and its u.s. and canadian subsidiaries are guarantors of the wheels obligations thereunder . the loan matures on june 1 , 2024 and accrues interest at a rate of 6.65 % per annum . the loan repayment consists of monthly blended principal and interest payments . the loans may be prepaid in whole at any time upon providing at least 30 days prior written notice and paying the difference between ( i ) the present value of the loan interest and the principal payments foregone discounted at the government of canada bond yield for the term from the date of prepayment to the maturity date , and ( ii ) the face value of the principal amount being prepaid . the loans are collateralized by a ( i ) first-priority security interest in all of the assets of wheels except the canadian a/r assets , ( ii ) a second-priority security interest in the canadian a/r assets , and ( iii ) a second-priority security interest on all of our assets . the terms of the loan are subject to certain financial covenants , which require us to maintain ( i ) a fixed charge coverage ratio of 1.1 to 1.0 during any trigger period , ( ii ) a debt service coverage ratio of at least 1.2 to 1.0 and ( iii ) a senior debt to ebitda ratio of at least 3.0 to 1.0. under the terms of the ipd loan agreements , we are permitted to make additional acquisitions without ipd 's consent only if certain conditions are satisfied , including , among others : ( i ) the equity interests or property acquired in such acquisition constitute a business reasonably related to our business or the business of wheels ; ( ii ) no default or event of default shall exist prior to or will be caused as a result of such acquisition ; ( iii ) we or wheels shall have provided ipd with at least 10 business days prior written notice of such acquisition that must include certain descriptive information and pro forma information regarding the acquisition ; ( iv ) such

