the shelf registration statement was automatically effective upon filing and superseded and replaced our previous shelf registration statement declared effective on april 14 , 2015 , which was due to expire on april 14 , 2018 . 39 2017 strategic transactions during 2017 , we completed the following strategic transactions that had an impact and will continue to have an impact on our results of operations : acquisition of blue tree systems limited on october 2 , 2017 , we purchased all of the issued share capital of blue tree for an aggregate consideration of ( i ) $ 34.3 million in cash ; ( ii ) issuance of 191,022 shares of our common stock , valued at $ 10.47 per share , which reflected our common stock closing price one business day prior to the closing date ; and ( iii ) additional consideration of up to $ 5.8 million , subject to certain operational milestones . the blue tree acquisition solidified our transportation product portfolio by adding truck in-cab and refrigerated fleet vehicle solutions to our cargo solution . for additional information regarding the blue tree acquisition , refer to “ note 3 — acquisitions ” in our audited consolidated financial statements included in part ii , item 8 of this annual report on form 10-k. acquisition of inthinc , inc. on june 9 , 2017 , we completed the acquisition of substantially all of the assets of inthinc for an aggregate consideration of ( i ) $ 34.2 million in cash ; ( ii ) issuance of 76,796 shares of our common stock , valued at $ 9.95 per share ; and ( iii ) additional consideration of up to $ 25.0 million , subject to certain operational milestones . the acquisition of inthinc allows us to offer fleet management and driver safety solutions to enterprises and industrial companies worldwide , who operate large commercial vehicle fleets . for additional information regarding the inthinc acquisition , refer to “ note 3 — acquisitions ” in our audited consolidated financial statements included in part ii , item 8 of this annual report on form 10-k. senior secured notes on april 10 , 2017 , we issued $ 250.0 million aggregate principal amount of 8.0 % senior secured notes due 2024. the senior secured notes were issued pursuant to an indenture , dated as of april 10 , 2017 , among us , the guarantors and u.s. bank national association , as trustee and collateral agent . the senior secured notes are unconditionally guaranteed on a senior secured basis by the guarantors and are secured on a first priority basis by ( i ) pledges of capital stock of certain of our directly- and indirectly-owned subsidiaries ; and ( ii ) substantially all of our and our guarantors ' other property and assets , to the extent a first priority security interest is able to be granted or perfected therein , and subject , in all cases , to certain specified exceptions , and an intercreditor agreement with the collateral agent for our revolving credit facility described below . interest payments are due on the senior secured notes semi-annually in arrears on april 1 and october 1 , beginning october 1 , 2017. on april 10 , 2017 , a portion of the proceeds of the issuance of the senior secured notes was used to repay in full our outstanding obligations under , and to terminate our $ 150.0 million outstanding secured credit facilities incurred pursuant to the credit agreement entered into on september 30 , 2014 , resulting in an early payment fee of $ 1.5 million and an additional expense associated with the remaining unamortized debt issuance cost of $ 2.4 million . revolving credit facility on december 18 , 2017 , we and certain of our subsidiaries entered into a revolving credit agreement with jpmorgan chase , as administrative agent and collateral agent . the revolving credit agreement provides for a revolving credit facility in an aggregate principal amount of up to $ 25.0 million for working capital and general corporate purposes and matures on december 18 , 2022. the revolving credit facility will bear interest at an alternative base rate or an adjusted libor , plus an applicable margin of 1.50 % in the case of alternative base rate loans and 2.50 % in the case of adjusted libor loans . the revolving credit facility is secured by a first priority security interest in substantially all of our and our subsidiaries ' assets under a security agreement among the company , the applicable subsidiaries and jpmorgan chase , subject to an intercreditor agreement with the indenture trustee for the senior secured notes . the revolving credit facility has no scheduled principal amortization until the maturity date . subject to the terms set forth in the revolving credit agreement , we may borrow , repay and reborrow amounts under the revolving credit facility at any time prior to the maturity date . 40 revenues we derive service revenues primarily from monthly fees for industrial iot connectivity services that consist of subscriber-based and recurring monthly usage fees for each subscriber communicator or sim activated for use on our satellite network , as well as other satellite networks and cellular wireless networks that we resell to our customers ( i.e . , our mcps , mcas and direct customers ) . usage fees are generally based upon the data transmitted by a customer and the overall number of subscriber communicators and or sims activated by each customer and whether we provide services through our value-added portal . service revenues are recognized on an accrual basis , as services are rendered , or on a cash basis , if collection from the customer is not reasonably assured at the time the service is provided . story_separator_special_tag acquisition-related and integration costs year ended december 31 , change ( in thousands ) 2018 2017 dollars % acquisition-related and integration costs $ 1,624 $ 3,315 $ ( 1,691 ) ( 51.0 ) % acquisition-related and integration costs include professional services expenses and identifiable integration costs directly attributable to our acquisitions . the decrease in acquisition-related and integration costs reflected lower acquisition and integration activity in the 2018 period compared to the prior year period . other income ( expense ) other income ( expense ) is comprised primarily of interest expense , foreign exchange gains and losses , interest income from our cash and cash equivalents , which can consist of u.s. treasuries , interest bearing instruments , and our previously held investments in marketable securities consisting of u.s. government and agency obligations , corporate obligations and fdic-insured certificates of deposit classified as held to maturity and interest income related to capital leases . replace_table_token_13_th the decrease in other expense for the year ended december 31 , 2018 , compared to the prior year , was primarily due to the loss on extinguishment of our secured credit facilities with macquarie caf llc incurred in the quarter ended june 30 , 2017 and an increase in interest income mainly attributable to our lease receivable associated with customer product financing arrangements , offset , in part , by increased interest expense as a result of higher outstanding principal balances and higher interest rates associated with our senior secured notes issued on april 10 , 2017. we believe our foreign exchange exposure is limited as a majority of our revenue is collected in u.s. dollars . income taxes in 2018 , we recorded income taxes of $ 4.7 million , which primarily included foreign income taxes of $ 4.0 million from income generated by our international operations and $ 0.7 million of income tax benefit related to amortization of tax goodwill generated from acquisitions . in 2017 , we recorded income taxes of $ ( 0.4 ) million , which primarily included foreign income taxes of $ 1.7 million from income generated by our international operations and $ ( 2.1 ) million of income tax benefit related to the impact of the tax cuts and jobs act of 2017 on the amortization of tax goodwill generated from our acquisitions . net loss for the year ended december 31 , 2018 , we had a net loss of $ 25.9 million compared to a net loss of $ 61.2 million for the year ended december 31 , 2017. the 2018 period included a full year of increased interest expense arising from our senior secured notes issued in april 2017 and increased sg & a and product development costs , while the 2017 period included the $ 31.2 million satellite impairment loss and the $ 3.9 million loss on extinguishment of debt related to our secured credit facilities . noncontrolling interests noncontrolling interests relate to earnings and losses attributable to noncontrolling shareholders . 47 net loss attributable to orbcomm inc. for the year ended december 31 , 2018 , we had a net loss attributable to our company of $ 26.2 million , compared to a net loss of $ 61.3 million for the year ended december 31 , 2017. for both of the years ended december 31 , 2018 and 2017 , the net loss attributable to our common stockholders considers dividends of less than $ 0.1 million , paid in shares of the series a convertible preferred stock . story_separator_special_tag interest payments on our debt facilities and fund growth initiatives and capital expenditures . on april 10 , 2017 , we issued $ 250.0 million aggregate principal amount of 8.0 % senior secured notes due 2024. the senior secured notes were issued pursuant to an indenture , dated as of april 10 , 2017 , among us , the guarantors and u.s. bank national association , as trustee and collateral agent . the senior secured notes are unconditionally guaranteed on a senior secured basis by the guarantors , and are secured on a first priority basis by ( i ) pledges of capital stock of certain of our directly- and indirectly-owned subsidiaries ; and ( ii ) substantially all of our and our guarantors ' other property and assets , to the extent a first priority security interest is able to be granted or perfected therein , and subject , in all cases , to certain specified exceptions , and an intercreditor agreement with the collateral agent for our revolving credit facility described below . interest payments are due on the senior secured notes semi-annually in arrears on april 1 and october 1 , beginning october 1 , 2017. we have the option to redeem some or all of the senior secured notes at any time on or after april 1 , 2020 , at redemption prices set forth in the indenture plus accrued and unpaid interest , if any , to the date of redemption . we also have the option to redeem some or all of the senior secured notes at any time before april 1 , 2020 at a redemption price of 100 % of the principal amount of the senior secured notes to be redeemed , plus a “ make-whole ” premium and accrued and unpaid interest , if any , to the date of redemption . in addition , at any time before april 1 , 2020 , we may redeem up to 35 % of the aggregate principal amount of the senior secured notes to be redeemed , plus accrued and unpaid interest , if any , to the date of redemption , with the proceeds from certain equity issuances . the indenture contains covenants that , among other things , limit us and our restricted subsidiaries ' ability to : ( i ) incur or guarantee additional indebtedness ; ( ii ) pay dividends , make other distributions or repurchase or redeem capital stock ;

liquidity and capital resources overview our liquidity requirements arise from our working capital needs , our obligations to make scheduled payments of interest on our indebtedness and our need to fund capital expenditures to support our current operations and to facilitate growth and expansion . we have financed our operations and expansion with cash flows from operating activities , sales of our common stock through public offerings and private placements of debt . at december 31 , 2019 , we had an accumulated deficit of $ 210.9 million . our primary sources of liquidity consist of cash and cash equivalents totaling $ 54.3 million and an unused revolving credit facility under the revolving credit agreement , as described below , available for use for working capital and general business purposes , which we believe will be sufficient to provide working capital , make interest payments and make capital expenditures to support operations and facilitate growth and expansion for the next twelve months . operating activities cash provided by our operating activities in 2019 was $ 30.1 million resulting from a net loss of $ 18.1 million and cash used by working capital of $ 10.3 million , offset by non-cash items including $ 50.7 million for depreciation and amortization and $ 6.2 million for stock-based compensation . working capital activities primarily consisted of an increase in accounts receivable of $ 5.2 million related to timing of collections and an increase of $ 5.6 million in inventories .


 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 overview our liquidity requirements arise from our working capital needs , our obligations to make scheduled payments of interest on our indebtedness and our need to fund capital expenditures to support our current operations and to facilitate growth and expansion . we have financed our operations and expansion with cash flows from operating activities , sales of our common stock through public offerings and private placements of debt . at december 31 , 2019 , we had an accumulated deficit of $ 210.9 million . our primary sources of liquidity consist of cash and cash equivalents totaling $ 54.3 million and an unused revolving credit facility under the revolving credit agreement , as described below , available for use for working capital and general business purposes , which we believe will be sufficient to provide working capital , make interest payments and make capital expenditures to support operations and facilitate growth and expansion for the next twelve months . operating activities cash provided by our operating activities in 2019 was $ 30.1 million resulting from a net loss of $ 18.1 million and cash used by working capital of $ 10.3 million , offset by non-cash items including $ 50.7 million for depreciation and amortization and $ 6.2 million for stock-based compensation . working capital activities primarily consisted of an increase in accounts receivable of $ 5.2 million related to timing of collections and an increase of $ 5.6 million in inventories .
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 Suspicious Activity Report : the shelf registration statement was automatically effective upon filing and superseded and replaced our previous shelf registration statement declared effective on april 14 , 2015 , which was due to expire on april 14 , 2018 . 39 2017 strategic transactions during 2017 , we completed the following strategic transactions that had an impact and will continue to have an impact on our results of operations : acquisition of blue tree systems limited on october 2 , 2017 , we purchased all of the issued share capital of blue tree for an aggregate consideration of ( i ) $ 34.3 million in cash ; ( ii ) issuance of 191,022 shares of our common stock , valued at $ 10.47 per share , which reflected our common stock closing price one business day prior to the closing date ; and ( iii ) additional consideration of up to $ 5.8 million , subject to certain operational milestones . the blue tree acquisition solidified our transportation product portfolio by adding truck in-cab and refrigerated fleet vehicle solutions to our cargo solution . for additional information regarding the blue tree acquisition , refer to “ note 3 — acquisitions ” in our audited consolidated financial statements included in part ii , item 8 of this annual report on form 10-k. acquisition of inthinc , inc. on june 9 , 2017 , we completed the acquisition of substantially all of the assets of inthinc for an aggregate consideration of ( i ) $ 34.2 million in cash ; ( ii ) issuance of 76,796 shares of our common stock , valued at $ 9.95 per share ; and ( iii ) additional consideration of up to $ 25.0 million , subject to certain operational milestones . the acquisition of inthinc allows us to offer fleet management and driver safety solutions to enterprises and industrial companies worldwide , who operate large commercial vehicle fleets . for additional information regarding the inthinc acquisition , refer to “ note 3 — acquisitions ” in our audited consolidated financial statements included in part ii , item 8 of this annual report on form 10-k. senior secured notes on april 10 , 2017 , we issued $ 250.0 million aggregate principal amount of 8.0 % senior secured notes due 2024. the senior secured notes were issued pursuant to an indenture , dated as of april 10 , 2017 , among us , the guarantors and u.s. bank national association , as trustee and collateral agent . the senior secured notes are unconditionally guaranteed on a senior secured basis by the guarantors and are secured on a first priority basis by ( i ) pledges of capital stock of certain of our directly- and indirectly-owned subsidiaries ; and ( ii ) substantially all of our and our guarantors ' other property and assets , to the extent a first priority security interest is able to be granted or perfected therein , and subject , in all cases , to certain specified exceptions , and an intercreditor agreement with the collateral agent for our revolving credit facility described below . interest payments are due on the senior secured notes semi-annually in arrears on april 1 and october 1 , beginning october 1 , 2017. on april 10 , 2017 , a portion of the proceeds of the issuance of the senior secured notes was used to repay in full our outstanding obligations under , and to terminate our $ 150.0 million outstanding secured credit facilities incurred pursuant to the credit agreement entered into on september 30 , 2014 , resulting in an early payment fee of $ 1.5 million and an additional expense associated with the remaining unamortized debt issuance cost of $ 2.4 million . revolving credit facility on december 18 , 2017 , we and certain of our subsidiaries entered into a revolving credit agreement with jpmorgan chase , as administrative agent and collateral agent . the revolving credit agreement provides for a revolving credit facility in an aggregate principal amount of up to $ 25.0 million for working capital and general corporate purposes and matures on december 18 , 2022. the revolving credit facility will bear interest at an alternative base rate or an adjusted libor , plus an applicable margin of 1.50 % in the case of alternative base rate loans and 2.50 % in the case of adjusted libor loans . the revolving credit facility is secured by a first priority security interest in substantially all of our and our subsidiaries ' assets under a security agreement among the company , the applicable subsidiaries and jpmorgan chase , subject to an intercreditor agreement with the indenture trustee for the senior secured notes . the revolving credit facility has no scheduled principal amortization until the maturity date . subject to the terms set forth in the revolving credit agreement , we may borrow , repay and reborrow amounts under the revolving credit facility at any time prior to the maturity date . 40 revenues we derive service revenues primarily from monthly fees for industrial iot connectivity services that consist of subscriber-based and recurring monthly usage fees for each subscriber communicator or sim activated for use on our satellite network , as well as other satellite networks and cellular wireless networks that we resell to our customers ( i.e . , our mcps , mcas and direct customers ) . usage fees are generally based upon the data transmitted by a customer and the overall number of subscriber communicators and or sims activated by each customer and whether we provide services through our value-added portal . service revenues are recognized on an accrual basis , as services are rendered , or on a cash basis , if collection from the customer is not reasonably assured at the time the service is provided . story_separator_special_tag acquisition-related and integration costs year ended december 31 , change ( in thousands ) 2018 2017 dollars % acquisition-related and integration costs $ 1,624 $ 3,315 $ ( 1,691 ) ( 51.0 ) % acquisition-related and integration costs include professional services expenses and identifiable integration costs directly attributable to our acquisitions . the decrease in acquisition-related and integration costs reflected lower acquisition and integration activity in the 2018 period compared to the prior year period . other income ( expense ) other income ( expense ) is comprised primarily of interest expense , foreign exchange gains and losses , interest income from our cash and cash equivalents , which can consist of u.s. treasuries , interest bearing instruments , and our previously held investments in marketable securities consisting of u.s. government and agency obligations , corporate obligations and fdic-insured certificates of deposit classified as held to maturity and interest income related to capital leases . replace_table_token_13_th the decrease in other expense for the year ended december 31 , 2018 , compared to the prior year , was primarily due to the loss on extinguishment of our secured credit facilities with macquarie caf llc incurred in the quarter ended june 30 , 2017 and an increase in interest income mainly attributable to our lease receivable associated with customer product financing arrangements , offset , in part , by increased interest expense as a result of higher outstanding principal balances and higher interest rates associated with our senior secured notes issued on april 10 , 2017. we believe our foreign exchange exposure is limited as a majority of our revenue is collected in u.s. dollars . income taxes in 2018 , we recorded income taxes of $ 4.7 million , which primarily included foreign income taxes of $ 4.0 million from income generated by our international operations and $ 0.7 million of income tax benefit related to amortization of tax goodwill generated from acquisitions . in 2017 , we recorded income taxes of $ ( 0.4 ) million , which primarily included foreign income taxes of $ 1.7 million from income generated by our international operations and $ ( 2.1 ) million of income tax benefit related to the impact of the tax cuts and jobs act of 2017 on the amortization of tax goodwill generated from our acquisitions . net loss for the year ended december 31 , 2018 , we had a net loss of $ 25.9 million compared to a net loss of $ 61.2 million for the year ended december 31 , 2017. the 2018 period included a full year of increased interest expense arising from our senior secured notes issued in april 2017 and increased sg & a and product development costs , while the 2017 period included the $ 31.2 million satellite impairment loss and the $ 3.9 million loss on extinguishment of debt related to our secured credit facilities . noncontrolling interests noncontrolling interests relate to earnings and losses attributable to noncontrolling shareholders . 47 net loss attributable to orbcomm inc. for the year ended december 31 , 2018 , we had a net loss attributable to our company of $ 26.2 million , compared to a net loss of $ 61.3 million for the year ended december 31 , 2017. for both of the years ended december 31 , 2018 and 2017 , the net loss attributable to our common stockholders considers dividends of less than $ 0.1 million , paid in shares of the series a convertible preferred stock . story_separator_special_tag interest payments on our debt facilities and fund growth initiatives and capital expenditures . on april 10 , 2017 , we issued $ 250.0 million aggregate principal amount of 8.0 % senior secured notes due 2024. the senior secured notes were issued pursuant to an indenture , dated as of april 10 , 2017 , among us , the guarantors and u.s. bank national association , as trustee and collateral agent . the senior secured notes are unconditionally guaranteed on a senior secured basis by the guarantors , and are secured on a first priority basis by ( i ) pledges of capital stock of certain of our directly- and indirectly-owned subsidiaries ; and ( ii ) substantially all of our and our guarantors ' other property and assets , to the extent a first priority security interest is able to be granted or perfected therein , and subject , in all cases , to certain specified exceptions , and an intercreditor agreement with the collateral agent for our revolving credit facility described below . interest payments are due on the senior secured notes semi-annually in arrears on april 1 and october 1 , beginning october 1 , 2017. we have the option to redeem some or all of the senior secured notes at any time on or after april 1 , 2020 , at redemption prices set forth in the indenture plus accrued and unpaid interest , if any , to the date of redemption . we also have the option to redeem some or all of the senior secured notes at any time before april 1 , 2020 at a redemption price of 100 % of the principal amount of the senior secured notes to be redeemed , plus a “ make-whole ” premium and accrued and unpaid interest , if any , to the date of redemption . in addition , at any time before april 1 , 2020 , we may redeem up to 35 % of the aggregate principal amount of the senior secured notes to be redeemed , plus accrued and unpaid interest , if any , to the date of redemption , with the proceeds from certain equity issuances . the indenture contains covenants that , among other things , limit us and our restricted subsidiaries ' ability to : ( i ) incur or guarantee additional indebtedness ; ( ii ) pay dividends , make other distributions or repurchase or redeem capital stock ;

