these forward-looking statements can be identified by terminology such as “ may ” , “ will ” , “ should ” , “ intend ” , “ expect ” , “ plan ” , “ budget ” , “ forecast ” , “ anticipate ” , “ believe ” , “ estimate ” , “ predict ” , “ potential ” , “ continue ” , “ evaluating ” or similar words . statements that contain these words should be read carefully because they discuss our future expectations , contain projections of our future results of operations or of our financial position or state other forward-looking information . examples of forward-looking statements include , among others , statements that we make regarding our expected operating results , the adoption and sale of our products in various geographic regions , anticipated levels of capital expenditures and the sources of funding therefore , and our strategy for growth , product development , market position , financial results and reserves . these forward-looking statements reflect our best judgment about future events and trends based on the information currently available to us . however , there will likely be events in the future that we are not able to predict or control . the factors listed under the caption “ risk factors ” , as well as cautionary language in this annual report on form 10-k , provide examples of risks , uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements . you should be aware that the occurrence of the events described under the caption “ risk factors ” and elsewhere in this annual report on form 10-k could have a material adverse effect on our business , results of operations and financial position , and actual events and results of operations may vary materially from our current expectations . background we design and manufacture instruments and equipment used by the oil and gas industry to acquire seismic data in order to locate , characterize and monitor hydrocarbon producing reservoirs . the company also designs and manufactures non-seismic products , including industrial products , offshore cables , thermal printing equipment and film . see the information under the heading “ business ” in this annual report on form 10-k. consolidated results of operations as we have reported in the past , our revenue and operating profits have varied significantly from quarter-to-quarter , and even year-to-year , and are expected to continue that trend in the future , especially when our quarterly or annual financial results are impacted by the presence or absence of relatively large , but somewhat erratic , shipments of permanent seabed reservoir monitoring systems and or wireless data acquisition systems for land and marine applications . 19 we report and evaluate financial information for two segments : seismic and non-seismic . summary financial data by business segment follows ( in thousands ) : replace_table_token_5_th overview during fiscal year 2013 and through the first half of fiscal year 2014 , we experienced very strong market demand in both north american and international markets for our wireless gsx channels and geophone sensors . also during that period , we reported significant revenue from our seismic reservoir products , primarily from the statoil order . early in calendar year 2014 , we began to experience a softening in the demand for our seismic exploration products , particularly in north america , as capital budgets for oil and gas producers were trending away from exploration-focused activities toward production and exploitation activities . during this period oil production in north america 's unconventional shale reservoirs increased , as did oil production from non-opec countries , resulting in an oversupply of crude oil in the world market . since july 2014 , market prices for a barrel of crude oil declined from over $ 100 to approximately $ 40 today . with the decline in oil and natural gas prices , exploration and production companies have experienced a significant reduction in cash flows resulting in sharp reductions in their capital spending budgets for oil and gas exploration activities , including seismic activities . in addition , the statoil order was completed in april 2014 and we have not received any new orders for permanent reservoir monitoring systems since that time . as a result of these factors , revenue from our seismic business segment for fiscal year 2015 declined to $ 60.6 million ( a 71.8 % reduction from fiscal year 2014 ) resulting in the segment 's operating loss of $ 42.7 million . we expect sales of our seismic products , and in particular our traditional and wireless products , to be lower until crude oil prices stabilize and industry conditions improve . we expect these challenging industry conditions to negatively impact the demand for our seismic products throughout fiscal year 2016. fiscal year 2015 compared to fiscal year 2014 consolidated revenue for fiscal year 2015 decreased $ 152.0 million , or 64.2 % , from fiscal year 2014. the decrease in revenue was primarily attributable to substantially lower product demand in our seismic business segmen t. we had a consolidated gross profit ( loss ) of $ ( 11.2 ) million for fiscal year 2015 , which was $ 107.7 million less than our consolidated gross profit for fiscal year 2014. the decrease in gross profit was caused by a number of factors , including ( i ) significantly lower seismic product revenue , ( ii ) unabsorbed fixed manufacturing costs due to low factory utilization , ( iii ) fixed depreciation expenses from our rental equipment during periods of low rental equipment utilization , ( iv ) a sales mix containing a story_separator_special_tag we record a write-down of our inventories when the cost basis of any manufactured product , including any estimated future costs to complete the manufacturing process , exceeds its net realizable value . inventories are stated at the lower of cost or market value . cost is determined on a first-in , first-out method , except that our subsidiary in the russian federation uses an average cost method to value its inventories . we periodically review the composition of our inventories to determine if market demand , product modifications , technology changes , excessive quantities on-hand and other factors hinder our ability to recover its investment in such inventories . management 's assessment is based upon historical product demand , estimated future product demand and various other judgments and estimates . inventory obsolescence reserves are recorded when such assessments reveal that portions or components of our inventory investment will not be realized in our operating activities . except for revenue recognized using the percentage-of-completion method discussed below , we primarily derive our revenue from product sales and product rentals under short-term operating leases . our products are produced in a standard manufacturing operation . we recognize revenue from product sales when ( i ) title passes to the customer , ( ii ) the customer assumes risks and rewards of ownership , ( iii ) the product sales price has been determined , ( iv ) collectability of the sales price is reasonably assured and ( v ) product delivery occurs as directed by our customer . we recognize rental revenue as earned over the rental period . rentals of our equipment generally range from daily rentals to rental periods of up to six months or longer . service revenue is recognized when services are rendered and are generally priced on a per day rate . except for certain of our permanent reservoir monitoring products , our products are generally sold without any customer acceptance provisions and our standard terms of sale do not allow customers to return products for credit . we utilize the percentage-of-completion method ( the “ poc method ” ) to recognize revenue and costs on future contracts having the following characteristics : · the contract requires significant custom designs for customer specific applications ; · the product design requires significant engineering efforts ; · the contract requires the customer to make progress payments during the contract term ; and · the contract requires at least 90 days of engineering and manufacturing effort . the poc method requires our senior management to make estimates , at least quarterly , of the ( i ) total costs of the contract , ( ii ) manufacturing progress against the contract and ( iii ) the estimated cost to complete the contract . these estimates will impact the amount of revenue and gross profit we will recognize for each reporting period . significant estimates that may affect future cost to complete a contract include the cost and availability of raw materials and component parts , engineering services , manufacturing equipment , labor , manufacturing capacity , factory productivity , contract penalties and disputes , product warranties and other contingent factors . the cumulative impact of periodic revisions to the future cost to complete a contract will be reflected in the period 26 in which these changes become known , including , to the extent required , the recognition of losses at the time such losses are known and estimable on contracts in progress . due to the various estimates inherent in the poc method , actual results could differ from those estimates . most of our products do not require installation assistance or sophisticated instruction . we offer a standard product warranty , which obligates us to repair or replace equipment with manufacturing defects . we maintain a reserve for future warranty costs based on historical experience or , in the absence of historical experience , management estimates . recent accounting pronouncements reference is made to note 1 in part ii , item 8. of this annual report on form 10-k for a discussion of recent accounting pronouncements . management 's current outlook and assumptions during fiscal year 2015 we witnessed a significant decline in the crude oil pricing environment and its negative impact upon cash flows and spending patterns of oil and gas companies . significantly reduced capital spending budgets targeted at oil and gas exploration projects , including land and marine seismic projects , contributed to the steep decline in our seismic business segment revenue and gross profit . we believe fiscal year 2016 capital spending by oil and gas companies for seismic projects will continue to remain depressed and , therefore , we do not expect customer demand for most of our seismic products will exceed fiscal year 2015 levels . as a result of reduced exploration activities by oil and gas companies , many of our seismic customers are currently utilizing only a fraction of their owned seismic equipment . in most cases , this unutilized equipment is generally available for immediate deployment if future demand for seismic services were to increase . the availability of excess customer-owned seismic equipment combined with substantially reduced capital budgets and cash flows has curtailed our customer 's need to purchase or rent seismic equipment from providers like us . as a result , we expect large-ticket sales of our gsx and obx wireless data acquisition systems , as well as sales of our other land and marine seismic products , are likely to remain at depressed levels through fiscal year 2016. our rental revenue is primarily derived from short-term leases of our gsx and obx wireless products and , to a lesser extent , from our traditional and reservoir products . demand for rentals of our gsx land-based wireless equipment declined significantly during fiscal year 2015 and is expected to remain depressed throughout fiscal year 2016. however , as a result of a recently executed agreement with an

liquidity and capital resources fiscal year 2015 at september 30 , 2015 , we had approximately $ 22.3 million in cash and cash equivalents and $ 18.1 million in short-term investments . for the fiscal year ended september 30 , 2015 , we used $ 11.4 million of cash from operating activities . these uses of cash included ( i ) our net loss of $ 32.6 million , ( ii ) a $ 6.0 million decrease in accrued expenses and other current liabilities primarily due to the payment of fiscal year 2014 incentive compensation , ( iii ) a $ 14.8 million increase in income tax receivable resulting from our pretax loss and our intent to claim a tax refund of $ 17.4 million in our second quarter ending march 2016 for taxes paid in prior years , and ( iv ) a $ 3.6 million decrease in deferred revenue primarily due to the revenue recognition of a $ 3.0 million non-refundable customer deposit . these uses of cash were partially offset by ( i ) net non-cash charges of $ 31.2 million from deferred income taxes , depreciation , goodwill impairment , accretion , stock-based compensation , inventory obsolescence and bad debts , ( ii ) a $ 7.1 million decrease in trade accounts and notes receivable resulting from collections and a decline in revenue , ( iii ) a $ 9.7 million decrease in inventories caused by reduced product demand and a drawdown of our excess inventories , and ( iv ) a $ 1.0 million decrease in prepaid and other current assets . for the fiscal year ended september 30 , 2015 , we used cash of $ 0.3 million from investing activities . these uses of cash included ( i ) $ 4.0 million to expand our rental equipment fleet primarily for the addition of obx nodes and ( ii ) $ 2.2 million for additions to our property , plant and equipment . these uses of cash were partially offset by ( i ) proceeds of $ 4.3 million from the sale of used rental equipment and ( ii ) net proceeds of $ 1.6 million from the sale and purchase of short-term investments .


 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 2015 at september 30 , 2015 , we had approximately $ 22.3 million in cash and cash equivalents and $ 18.1 million in short-term investments . for the fiscal year ended september 30 , 2015 , we used $ 11.4 million of cash from operating activities . these uses of cash included ( i ) our net loss of $ 32.6 million , ( ii ) a $ 6.0 million decrease in accrued expenses and other current liabilities primarily due to the payment of fiscal year 2014 incentive compensation , ( iii ) a $ 14.8 million increase in income tax receivable resulting from our pretax loss and our intent to claim a tax refund of $ 17.4 million in our second quarter ending march 2016 for taxes paid in prior years , and ( iv ) a $ 3.6 million decrease in deferred revenue primarily due to the revenue recognition of a $ 3.0 million non-refundable customer deposit . these uses of cash were partially offset by ( i ) net non-cash charges of $ 31.2 million from deferred income taxes , depreciation , goodwill impairment , accretion , stock-based compensation , inventory obsolescence and bad debts , ( ii ) a $ 7.1 million decrease in trade accounts and notes receivable resulting from collections and a decline in revenue , ( iii ) a $ 9.7 million decrease in inventories caused by reduced product demand and a drawdown of our excess inventories , and ( iv ) a $ 1.0 million decrease in prepaid and other current assets . for the fiscal year ended september 30 , 2015 , we used cash of $ 0.3 million from investing activities . these uses of cash included ( i ) $ 4.0 million to expand our rental equipment fleet primarily for the addition of obx nodes and ( ii ) $ 2.2 million for additions to our property , plant and equipment . these uses of cash were partially offset by ( i ) proceeds of $ 4.3 million from the sale of used rental equipment and ( ii ) net proceeds of $ 1.6 million from the sale and purchase of short-term investments .
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 Suspicious Activity Report : these forward-looking statements can be identified by terminology such as “ may ” , “ will ” , “ should ” , “ intend ” , “ expect ” , “ plan ” , “ budget ” , “ forecast ” , “ anticipate ” , “ believe ” , “ estimate ” , “ predict ” , “ potential ” , “ continue ” , “ evaluating ” or similar words . statements that contain these words should be read carefully because they discuss our future expectations , contain projections of our future results of operations or of our financial position or state other forward-looking information . examples of forward-looking statements include , among others , statements that we make regarding our expected operating results , the adoption and sale of our products in various geographic regions , anticipated levels of capital expenditures and the sources of funding therefore , and our strategy for growth , product development , market position , financial results and reserves . these forward-looking statements reflect our best judgment about future events and trends based on the information currently available to us . however , there will likely be events in the future that we are not able to predict or control . the factors listed under the caption “ risk factors ” , as well as cautionary language in this annual report on form 10-k , provide examples of risks , uncertainties and events that may cause our actual results to differ materially from the expectations we describe in our forward-looking statements . you should be aware that the occurrence of the events described under the caption “ risk factors ” and elsewhere in this annual report on form 10-k could have a material adverse effect on our business , results of operations and financial position , and actual events and results of operations may vary materially from our current expectations . background we design and manufacture instruments and equipment used by the oil and gas industry to acquire seismic data in order to locate , characterize and monitor hydrocarbon producing reservoirs . the company also designs and manufactures non-seismic products , including industrial products , offshore cables , thermal printing equipment and film . see the information under the heading “ business ” in this annual report on form 10-k. consolidated results of operations as we have reported in the past , our revenue and operating profits have varied significantly from quarter-to-quarter , and even year-to-year , and are expected to continue that trend in the future , especially when our quarterly or annual financial results are impacted by the presence or absence of relatively large , but somewhat erratic , shipments of permanent seabed reservoir monitoring systems and or wireless data acquisition systems for land and marine applications . 19 we report and evaluate financial information for two segments : seismic and non-seismic . summary financial data by business segment follows ( in thousands ) : replace_table_token_5_th overview during fiscal year 2013 and through the first half of fiscal year 2014 , we experienced very strong market demand in both north american and international markets for our wireless gsx channels and geophone sensors . also during that period , we reported significant revenue from our seismic reservoir products , primarily from the statoil order . early in calendar year 2014 , we began to experience a softening in the demand for our seismic exploration products , particularly in north america , as capital budgets for oil and gas producers were trending away from exploration-focused activities toward production and exploitation activities . during this period oil production in north america 's unconventional shale reservoirs increased , as did oil production from non-opec countries , resulting in an oversupply of crude oil in the world market . since july 2014 , market prices for a barrel of crude oil declined from over $ 100 to approximately $ 40 today . with the decline in oil and natural gas prices , exploration and production companies have experienced a significant reduction in cash flows resulting in sharp reductions in their capital spending budgets for oil and gas exploration activities , including seismic activities . in addition , the statoil order was completed in april 2014 and we have not received any new orders for permanent reservoir monitoring systems since that time . as a result of these factors , revenue from our seismic business segment for fiscal year 2015 declined to $ 60.6 million ( a 71.8 % reduction from fiscal year 2014 ) resulting in the segment 's operating loss of $ 42.7 million . we expect sales of our seismic products , and in particular our traditional and wireless products , to be lower until crude oil prices stabilize and industry conditions improve . we expect these challenging industry conditions to negatively impact the demand for our seismic products throughout fiscal year 2016. fiscal year 2015 compared to fiscal year 2014 consolidated revenue for fiscal year 2015 decreased $ 152.0 million , or 64.2 % , from fiscal year 2014. the decrease in revenue was primarily attributable to substantially lower product demand in our seismic business segmen t. we had a consolidated gross profit ( loss ) of $ ( 11.2 ) million for fiscal year 2015 , which was $ 107.7 million less than our consolidated gross profit for fiscal year 2014. the decrease in gross profit was caused by a number of factors , including ( i ) significantly lower seismic product revenue , ( ii ) unabsorbed fixed manufacturing costs due to low factory utilization , ( iii ) fixed depreciation expenses from our rental equipment during periods of low rental equipment utilization , ( iv ) a sales mix containing a story_separator_special_tag we record a write-down of our inventories when the cost basis of any manufactured product , including any estimated future costs to complete the manufacturing process , exceeds its net realizable value . inventories are stated at the lower of cost or market value . cost is determined on a first-in , first-out method , except that our subsidiary in the russian federation uses an average cost method to value its inventories . we periodically review the composition of our inventories to determine if market demand , product modifications , technology changes , excessive quantities on-hand and other factors hinder our ability to recover its investment in such inventories . management 's assessment is based upon historical product demand , estimated future product demand and various other judgments and estimates . inventory obsolescence reserves are recorded when such assessments reveal that portions or components of our inventory investment will not be realized in our operating activities . except for revenue recognized using the percentage-of-completion method discussed below , we primarily derive our revenue from product sales and product rentals under short-term operating leases . our products are produced in a standard manufacturing operation . we recognize revenue from product sales when ( i ) title passes to the customer , ( ii ) the customer assumes risks and rewards of ownership , ( iii ) the product sales price has been determined , ( iv ) collectability of the sales price is reasonably assured and ( v ) product delivery occurs as directed by our customer . we recognize rental revenue as earned over the rental period . rentals of our equipment generally range from daily rentals to rental periods of up to six months or longer . service revenue is recognized when services are rendered and are generally priced on a per day rate . except for certain of our permanent reservoir monitoring products , our products are generally sold without any customer acceptance provisions and our standard terms of sale do not allow customers to return products for credit . we utilize the percentage-of-completion method ( the “ poc method ” ) to recognize revenue and costs on future contracts having the following characteristics : · the contract requires significant custom designs for customer specific applications ; · the product design requires significant engineering efforts ; · the contract requires the customer to make progress payments during the contract term ; and · the contract requires at least 90 days of engineering and manufacturing effort . the poc method requires our senior management to make estimates , at least quarterly , of the ( i ) total costs of the contract , ( ii ) manufacturing progress against the contract and ( iii ) the estimated cost to complete the contract . these estimates will impact the amount of revenue and gross profit we will recognize for each reporting period . significant estimates that may affect future cost to complete a contract include the cost and availability of raw materials and component parts , engineering services , manufacturing equipment , labor , manufacturing capacity , factory productivity , contract penalties and disputes , product warranties and other contingent factors . the cumulative impact of periodic revisions to the future cost to complete a contract will be reflected in the period 26 in which these changes become known , including , to the extent required , the recognition of losses at the time such losses are known and estimable on contracts in progress . due to the various estimates inherent in the poc method , actual results could differ from those estimates . most of our products do not require installation assistance or sophisticated instruction . we offer a standard product warranty , which obligates us to repair or replace equipment with manufacturing defects . we maintain a reserve for future warranty costs based on historical experience or , in the absence of historical experience , management estimates . recent accounting pronouncements reference is made to note 1 in part ii , item 8. of this annual report on form 10-k for a discussion of recent accounting pronouncements . management 's current outlook and assumptions during fiscal year 2015 we witnessed a significant decline in the crude oil pricing environment and its negative impact upon cash flows and spending patterns of oil and gas companies . significantly reduced capital spending budgets targeted at oil and gas exploration projects , including land and marine seismic projects , contributed to the steep decline in our seismic business segment revenue and gross profit . we believe fiscal year 2016 capital spending by oil and gas companies for seismic projects will continue to remain depressed and , therefore , we do not expect customer demand for most of our seismic products will exceed fiscal year 2015 levels . as a result of reduced exploration activities by oil and gas companies , many of our seismic customers are currently utilizing only a fraction of their owned seismic equipment . in most cases , this unutilized equipment is generally available for immediate deployment if future demand for seismic services were to increase . the availability of excess customer-owned seismic equipment combined with substantially reduced capital budgets and cash flows has curtailed our customer 's need to purchase or rent seismic equipment from providers like us . as a result , we expect large-ticket sales of our gsx and obx wireless data acquisition systems , as well as sales of our other land and marine seismic products , are likely to remain at depressed levels through fiscal year 2016. our rental revenue is primarily derived from short-term leases of our gsx and obx wireless products and , to a lesser extent , from our traditional and reservoir products . demand for rentals of our gsx land-based wireless equipment declined significantly during fiscal year 2015 and is expected to remain depressed throughout fiscal year 2016. however , as a result of a recently executed agreement with an

