the assets and liabilities of biofuel have been brought forward at their book value and no goodwill has been recognized in connection with the transaction . as a result of the transaction , green brick changed its business direction and is now in the real estate industry . the financial statements set forth in this annual report on form 10-k for all periods prior to the reverse recapitalization are the historical financial statements of jbgl , and have been retroactively restated to give effect to the transaction . 30 overview of the business we are a real estate operator involved in the purchase and development of land for residential use , construction lending and home building operations . we are engaged in all aspects of the homebuilding process , including land acquisition and development , entitlements , design , construction , marketing and sales of various residential projects in master planned communities primarily in the high growth metropolitan areas of dallas and fort worth , texas ( “ dfw ” ) and atlanta , georgia ( “ atlanta ” ) . capital was formed in 2008 and builder finance was formed in 2010. we currently own or control approximately 4,200 home sites in prime locations in the dfw and atlanta markets . we consider prime locations to be supply constrained lots with high housing demand and where much of the surrounding property has already been developed . management believes that we are a leading land developer in our markets . we develop lots for both public builders and large private builders . we also own 50 % controlling interests in several builders and provide construction financing for approximately 1,000 homes annually . we are an active , value-added real estate investor and developer . we formed and purchased 50 % of the providence group llc ( “ tpg ” ) in 2011 and formed and purchased 50 % of cb jeni homes of dfw llc ( “ cb jeni ” ) in 2012. in 2013 , we formed and purchased 50 % of southgate homes ( “ southgate ” ) and in 2012 we formed centre living homes llc ( “ centre living ” ) . we have voting control over these builders . tpg focuses on the construction and sale of single family homes and townhomes in the atlanta market and cb jeni does the same in the dfw market . southgate is focused on the development of semi-custom homes and build-on-your-own-lot custom homes in the dfw market . centre living focuses on homes and luxury townhomes , in premier centrally located neighborhoods in the dfw market . definitions in the following discussion , “ backlog ” refers to homes under sales contracts that have not yet closed at the end of the relevant period , “ cancellation rate ” refers to sales contracts canceled divided by sales contracts executed during the relevant period , “ net new home orders ” refers to new home sales contracts reduced by the number of sales contracts canceled during the relevant period , and “ overall absorption rate ” refers to the rate at which net new home orders are contracted per selling community during the relevant period . sales contracts relating to homes in backlog may be canceled by the prospective purchaser for a number of reasons , such as the prospective purchaser 's inability to obtain suitable mortgage financing . upon a cancellation , the escrow deposit may be returned to the prospective purchaser ( other than with respect to certain design-related deposits , which we retain ) . accordingly , backlog may not be indicative of our future revenue . overview and outlook the following are our key operating metrics for the year ended december 31 , 2014 as compared to the year ended december 31 , 2013 : home deliveries increased by 5.6 % , home sales revenue increased by 19.0 % , average selling prices increased by 12.7 % , backlog units increased by 14.8 % , backlog units value increased by 34.0 % , average sales price of homes in backlog increased by 16.7 % , while net new home orders decreased by 6.7 % . the increase in the average sales price of homes in backlog is the result of changes in product mix related to higher priced single family homes over lower priced townhomes contracted for sale during the period and local market appreciation . during the year ended december 31 , 2014 , homes in the dfw and atlanta markets appreciated by 7.7 % and 4.9 % , respectively ( source : s & p/case-shiller 20-city composite home price index , november 2014 ) . during the year ended december 31 , 2014 , the housing market continued to show signs of improvement driven by rising consumer confidence , lower interest rates , high affordability metrics , and a reduction in home inventory levels . our key operating metrics improved during the year ended december 31 , 2013 as compared to the same period in 2012 primarily due to the acquisition of cb jeni in april 2012 : net new home orders increased by 80.4 % , home deliveries increased by 205.5 % , home sales revenue increased by 236.5 % , average selling prices increased by 10.1 % , backlog units increased by 100.0 % , and backlog units value increased by 129.9 % . our two primary markets , dfw and atlanta , have shown significant housing market recovery . we believe the housing market recovery is sustainable , and that we operate in two of the most desirable housing markets in the nation . among the 12 largest metropolitan areas in the country , the dfw metropolitan area ranked second in the rate of job growth and third in the number of jobs added from october 2013 to october 2014 ( source : us bureau of labor statistics , october 2014 ) . story_separator_special_tag replace_table_token_16_th 36 land development selling , general and administrative expense for the year ended december 31 , 2014 for land development was $ 2.4 million , compared to $ 0.8 million for the year ended december 31 , 2013 , an increase of 198.3 % . the increase was primarily attributable to costs incurred in connection with the transaction and growth in our land development business which resulted in additional expenditures . these additional expenditures include home owners association dues , subdivision maintenance , property taxes and rent expense . builder operations selling , general and administrative expense for the year ended december 31 , 2014 for builder operations was $ 7.7 million , compared to $ 5.8 million for the year ended december 31 , 2013 , an increase of 32.2 % . the increase was primarily attributable to increases in expenditures to support builder operations in anticipation of future growth in our business , and costs incurred in connection with the transaction . builder operations expenditures include community costs , such as , non-capitalized property taxes , rent expenses , and advertising and marketing expenses . selling , general and administrative expense as a percentage of revenue increased 11.8 % due to front end expenses incurred on new communities currently under development , scheduled to open in 2015 , that did not produce any revenues during 2014. interest expense interest expense increased $ 1.1 million , or 342.2 % , to $ 1.4 million for the year ended december 31 , 2014 , from $ 0.3 million for the year ended december 31 , 2013 . the increase was due primarily to higher average balances on our line of credit throughout the year ended december 31 , 2014 . on october 13 , 2013 , we increased the size of our revolving credit facility from $ 8.0 million to $ 25.0 million . interest and fees income interest and fees income decreased $ 2.2 million , or 89.4 % , to $ 0.3 million for the year ended december 31 , 2014 , from $ 2.5 million for the year ended december 31 , 2013 . the decrease was due to the decrease in notes receivable outstanding from $ 7.6 million as of december 31 , 2013 to $ 0.0 million as of december 31 , 2014 . other income , net other income , net , decreased $ 1.2 million , or 57.4 % , to $ 0.9 million for the year ended december 31 , 2014 , from $ 2.1 million for the year ended december 31 , 2013 . the decrease in other income , net was primarily due to a decrease in profit participation on real estate projects of approximately $ 0.6 million driven by lower notes receivable , an increase in depreciation expense of approximately $ 0.4 million due to an increase in property and equipment , and an increase in various other income ( expense ) . income tax ( benefit ) provision income tax benefit increased $ 25.2 million , or 7,700.3 % , for the year ended december 31 , 2014 , from an expense of $ 0.3 million for the year ended december 31 , 2013 . the increase in income tax benefit is due to primarily to the recognition of a $ 26.6 million income tax benefit relating to the change in tax status of the jbgl entities , from pass through entities to taxable entities , relating primarily to the tax attributes that arose from the transaction . as of december 31 , 2014 , we have federal net operating loss carryforwards of approximately $ 178.8 million , which will begin to expire beginning with the year ending december 31 , 2029. our ability to utilize our net operating loss carryforwards depends on the amount of taxable income we generate in future periods . based on our historical taxable income results through december 31 , 2014 , as well as forecasted income , management expects that the company will generate sufficient taxable income to utilize all of the federal net operating loss carryforwards before they expire . the company also has approximately $ 21.6 million of gross state net operating loss carryforwards having varying periods of expiration which the company believes on a more-likely-than-not basis , will not be utilized . the state loss carryforwards and related $ 1.2 million tax-effected valuation allowance were previously recorded by biofuel . the transaction had no effect on the state loss carryforward amount , the related valuation allowance or income tax expense . the company maintains a deferred income tax asset in the amount of $ 1.2 million for the state loss carryforwards and a related valuation allowance in the amount of $ 1.2 million . in the company 's assessment of the need for a valuation allowance , both positive and negative information was considered , including any available income tax planning . as of december 31 , 2014 , we had deferred tax assets of $ 89.2 million , which was net of a valuation allowance in the amount of $ 1.2 million relating to state loss carryforwards . the deferred tax assets are primarily related to $ 62.6 million for federal net operating loss carryforwards and $ 26.1 million for basis in partnerships . we evaluate the appropriateness of a 37 valuation allowance in future periods based on the consideration of all available evidence , including the generation of taxable income , using the more-likely-than-not standard . a valuation allowance is required to reduce our deferred tax assets if it is determined that it is more-likely-than-not that all or some portion of such assets will not be realized due to the lack of sufficient taxable income . as of december 31 , 2014 , management concluded that it was more-likely-than-not that the net deferred tax assets , except for the state loss carryforwards noted above , will be realized in accordance with u.s. gaap principles . accordingly

cash flows the following summarizes our primary sources and uses of cash in the periods presented : cash flows — year ended december 31 , 2014 to year ended december 31 , 2013 for the year ended december 31 , 2014 as compared to the year ended december 31 , 2013 , the comparison of cash flows is as follows : operating activities . net cash provided by operating activities for the year ended december 31 , 2014 was $ 2.6 million , compared to net cash used of $ 49.3 million during the year ended december 31 , 2013 . the change was primarily attributable to changes in working capital associated with inventory , as inventory increased by 19.9 % for the year ended december 31 , 2014 compared to an increase in inventory of 72.6 % during the year ended december 31 , 2013 and an increase in net income of approximately $ 16.7 million primarily related to a $ 26.6 million income tax benefit due to jbgl 's change in partnership tax status which was triggered by the transaction , and an increase in gross profit due to increase of 31 homes delivered for the year ended december 31 , 2014 , as our builder operations continued to experience revenue growth , and an increase of an additional 77 lot sales for the year ended december 31 , 2014 , partially offset by ( i ) an increase in selling , general and administrative expense of $ 3.5 million due to increase in community costs , such as , non-capitalized property taxes , rent expenses , and advertising and marketing expenses in anticipation of future growth in our business , ( ii ) an increase in salary expense and management fees expense - related party of $ 4.9 million due to increase in employee headcount and associated costs of benefits to support the growth in our business and ( iii ) an increase in interest expense of $ 1.1 million attributable to higher average balances on our line of credit . investing activities .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```cash flows the following summarizes our primary sources and uses of cash in the periods presented : cash flows — year ended december 31 , 2014 to year ended december 31 , 2013 for the year ended december 31 , 2014 as compared to the year ended december 31 , 2013 , the comparison of cash flows is as follows : operating activities . net cash provided by operating activities for the year ended december 31 , 2014 was $ 2.6 million , compared to net cash used of $ 49.3 million during the year ended december 31 , 2013 . the change was primarily attributable to changes in working capital associated with inventory , as inventory increased by 19.9 % for the year ended december 31 , 2014 compared to an increase in inventory of 72.6 % during the year ended december 31 , 2013 and an increase in net income of approximately $ 16.7 million primarily related to a $ 26.6 million income tax benefit due to jbgl 's change in partnership tax status which was triggered by the transaction , and an increase in gross profit due to increase of 31 homes delivered for the year ended december 31 , 2014 , as our builder operations continued to experience revenue growth , and an increase of an additional 77 lot sales for the year ended december 31 , 2014 , partially offset by ( i ) an increase in selling , general and administrative expense of $ 3.5 million due to increase in community costs , such as , non-capitalized property taxes , rent expenses , and advertising and marketing expenses in anticipation of future growth in our business , ( ii ) an increase in salary expense and management fees expense - related party of $ 4.9 million due to increase in employee headcount and associated costs of benefits to support the growth in our business and ( iii ) an increase in interest expense of $ 1.1 million attributable to higher average balances on our line of credit . investing activities .
```    
 Suspicious Activity Report : the assets and liabilities of biofuel have been brought forward at their book value and no goodwill has been recognized in connection with the transaction . as a result of the transaction , green brick changed its business direction and is now in the real estate industry . the financial statements set forth in this annual report on form 10-k for all periods prior to the reverse recapitalization are the historical financial statements of jbgl , and have been retroactively restated to give effect to the transaction . 30 overview of the business we are a real estate operator involved in the purchase and development of land for residential use , construction lending and home building operations . we are engaged in all aspects of the homebuilding process , including land acquisition and development , entitlements , design , construction , marketing and sales of various residential projects in master planned communities primarily in the high growth metropolitan areas of dallas and fort worth , texas ( “ dfw ” ) and atlanta , georgia ( “ atlanta ” ) . capital was formed in 2008 and builder finance was formed in 2010. we currently own or control approximately 4,200 home sites in prime locations in the dfw and atlanta markets . we consider prime locations to be supply constrained lots with high housing demand and where much of the surrounding property has already been developed . management believes that we are a leading land developer in our markets . we develop lots for both public builders and large private builders . we also own 50 % controlling interests in several builders and provide construction financing for approximately 1,000 homes annually . we are an active , value-added real estate investor and developer . we formed and purchased 50 % of the providence group llc ( “ tpg ” ) in 2011 and formed and purchased 50 % of cb jeni homes of dfw llc ( “ cb jeni ” ) in 2012. in 2013 , we formed and purchased 50 % of southgate homes ( “ southgate ” ) and in 2012 we formed centre living homes llc ( “ centre living ” ) . we have voting control over these builders . tpg focuses on the construction and sale of single family homes and townhomes in the atlanta market and cb jeni does the same in the dfw market . southgate is focused on the development of semi-custom homes and build-on-your-own-lot custom homes in the dfw market . centre living focuses on homes and luxury townhomes , in premier centrally located neighborhoods in the dfw market . definitions in the following discussion , “ backlog ” refers to homes under sales contracts that have not yet closed at the end of the relevant period , “ cancellation rate ” refers to sales contracts canceled divided by sales contracts executed during the relevant period , “ net new home orders ” refers to new home sales contracts reduced by the number of sales contracts canceled during the relevant period , and “ overall absorption rate ” refers to the rate at which net new home orders are contracted per selling community during the relevant period . sales contracts relating to homes in backlog may be canceled by the prospective purchaser for a number of reasons , such as the prospective purchaser 's inability to obtain suitable mortgage financing . upon a cancellation , the escrow deposit may be returned to the prospective purchaser ( other than with respect to certain design-related deposits , which we retain ) . accordingly , backlog may not be indicative of our future revenue . overview and outlook the following are our key operating metrics for the year ended december 31 , 2014 as compared to the year ended december 31 , 2013 : home deliveries increased by 5.6 % , home sales revenue increased by 19.0 % , average selling prices increased by 12.7 % , backlog units increased by 14.8 % , backlog units value increased by 34.0 % , average sales price of homes in backlog increased by 16.7 % , while net new home orders decreased by 6.7 % . the increase in the average sales price of homes in backlog is the result of changes in product mix related to higher priced single family homes over lower priced townhomes contracted for sale during the period and local market appreciation . during the year ended december 31 , 2014 , homes in the dfw and atlanta markets appreciated by 7.7 % and 4.9 % , respectively ( source : s & p/case-shiller 20-city composite home price index , november 2014 ) . during the year ended december 31 , 2014 , the housing market continued to show signs of improvement driven by rising consumer confidence , lower interest rates , high affordability metrics , and a reduction in home inventory levels . our key operating metrics improved during the year ended december 31 , 2013 as compared to the same period in 2012 primarily due to the acquisition of cb jeni in april 2012 : net new home orders increased by 80.4 % , home deliveries increased by 205.5 % , home sales revenue increased by 236.5 % , average selling prices increased by 10.1 % , backlog units increased by 100.0 % , and backlog units value increased by 129.9 % . our two primary markets , dfw and atlanta , have shown significant housing market recovery . we believe the housing market recovery is sustainable , and that we operate in two of the most desirable housing markets in the nation . among the 12 largest metropolitan areas in the country , the dfw metropolitan area ranked second in the rate of job growth and third in the number of jobs added from october 2013 to october 2014 ( source : us bureau of labor statistics , october 2014 ) . story_separator_special_tag replace_table_token_16_th 36 land development selling , general and administrative expense for the year ended december 31 , 2014 for land development was $ 2.4 million , compared to $ 0.8 million for the year ended december 31 , 2013 , an increase of 198.3 % . the increase was primarily attributable to costs incurred in connection with the transaction and growth in our land development business which resulted in additional expenditures . these additional expenditures include home owners association dues , subdivision maintenance , property taxes and rent expense . builder operations selling , general and administrative expense for the year ended december 31 , 2014 for builder operations was $ 7.7 million , compared to $ 5.8 million for the year ended december 31 , 2013 , an increase of 32.2 % . the increase was primarily attributable to increases in expenditures to support builder operations in anticipation of future growth in our business , and costs incurred in connection with the transaction . builder operations expenditures include community costs , such as , non-capitalized property taxes , rent expenses , and advertising and marketing expenses . selling , general and administrative expense as a percentage of revenue increased 11.8 % due to front end expenses incurred on new communities currently under development , scheduled to open in 2015 , that did not produce any revenues during 2014. interest expense interest expense increased $ 1.1 million , or 342.2 % , to $ 1.4 million for the year ended december 31 , 2014 , from $ 0.3 million for the year ended december 31 , 2013 . the increase was due primarily to higher average balances on our line of credit throughout the year ended december 31 , 2014 . on october 13 , 2013 , we increased the size of our revolving credit facility from $ 8.0 million to $ 25.0 million . interest and fees income interest and fees income decreased $ 2.2 million , or 89.4 % , to $ 0.3 million for the year ended december 31 , 2014 , from $ 2.5 million for the year ended december 31 , 2013 . the decrease was due to the decrease in notes receivable outstanding from $ 7.6 million as of december 31 , 2013 to $ 0.0 million as of december 31 , 2014 . other income , net other income , net , decreased $ 1.2 million , or 57.4 % , to $ 0.9 million for the year ended december 31 , 2014 , from $ 2.1 million for the year ended december 31 , 2013 . the decrease in other income , net was primarily due to a decrease in profit participation on real estate projects of approximately $ 0.6 million driven by lower notes receivable , an increase in depreciation expense of approximately $ 0.4 million due to an increase in property and equipment , and an increase in various other income ( expense ) . income tax ( benefit ) provision income tax benefit increased $ 25.2 million , or 7,700.3 % , for the year ended december 31 , 2014 , from an expense of $ 0.3 million for the year ended december 31 , 2013 . the increase in income tax benefit is due to primarily to the recognition of a $ 26.6 million income tax benefit relating to the change in tax status of the jbgl entities , from pass through entities to taxable entities , relating primarily to the tax attributes that arose from the transaction . as of december 31 , 2014 , we have federal net operating loss carryforwards of approximately $ 178.8 million , which will begin to expire beginning with the year ending december 31 , 2029. our ability to utilize our net operating loss carryforwards depends on the amount of taxable income we generate in future periods . based on our historical taxable income results through december 31 , 2014 , as well as forecasted income , management expects that the company will generate sufficient taxable income to utilize all of the federal net operating loss carryforwards before they expire . the company also has approximately $ 21.6 million of gross state net operating loss carryforwards having varying periods of expiration which the company believes on a more-likely-than-not basis , will not be utilized . the state loss carryforwards and related $ 1.2 million tax-effected valuation allowance were previously recorded by biofuel . the transaction had no effect on the state loss carryforward amount , the related valuation allowance or income tax expense . the company maintains a deferred income tax asset in the amount of $ 1.2 million for the state loss carryforwards and a related valuation allowance in the amount of $ 1.2 million . in the company 's assessment of the need for a valuation allowance , both positive and negative information was considered , including any available income tax planning . as of december 31 , 2014 , we had deferred tax assets of $ 89.2 million , which was net of a valuation allowance in the amount of $ 1.2 million relating to state loss carryforwards . the deferred tax assets are primarily related to $ 62.6 million for federal net operating loss carryforwards and $ 26.1 million for basis in partnerships . we evaluate the appropriateness of a 37 valuation allowance in future periods based on the consideration of all available evidence , including the generation of taxable income , using the more-likely-than-not standard . a valuation allowance is required to reduce our deferred tax assets if it is determined that it is more-likely-than-not that all or some portion of such assets will not be realized due to the lack of sufficient taxable income . as of december 31 , 2014 , management concluded that it was more-likely-than-not that the net deferred tax assets , except for the state loss carryforwards noted above , will be realized in accordance with u.s. gaap principles . accordingly

