our management believes that given current facts and circumstances , it is unlikely that applying any other reasonable judgments or estimate methodologies would have caused a material change in our results of operations , financial position or liquidity for the periods presented in this report . asset impairment the company reviews its long-lived assets including finite-lived intangibles for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset exceeds its fair value and may not be recoverable . in performing the review for recoverability , the company estimates the future cash flows expected to result from the use of the asset and its eventual disposition . if the sum of the expected future cash flows ( undiscounted and without interest charges ) is less than the carrying amount of the asset , an impairment loss is recognized as the excess of the carrying amount over the fair value . otherwise , an impairment loss is not recognized . management estimates the fair value and the estimated future cash flows expected . any changes in these estimates could impact whether there was impairment and the amount of the impairment . there were no impairments during the year ended december 31 , 2016. during the year ended december 31 , 2015 , management recorded a $ 2 thousand impairment for a patent within the power and electromechanical segment as the company chose not to continue pursuit of the related patent grants and a $ 2 thousand impairment of its capitalized website costs for its japan site after choosing to translate its u.s.-based website into japanese . during the year ended december 31 , 2014 , management identified an indefinite-lived intangible technology rights asset for which its expected life was reduced and an impairment of $ 32 thousand was recorded . indefinite-lived intangibles and goodwill assets the company accounts for business combinations under the acquisition method of accounting in accordance with asc 805 , `` business combinations , `` where the total purchase price is allocated to the tangible and identified intangible assets acquired and liabilities assumed based on their estimated fair values . the purchase price is allocated using the information currently available , and may be adjusted , up to one year from acquisition date , after obtaining more information regarding , among other things , asset valuations , liabilities assumed and revisions to preliminary estimates . the purchase price in excess of the fair value of the tangible and identified intangible assets acquired less liabilities assumed is recognized as goodwill . the company tests for indefinite-lived intangibles and goodwill impairment in the second quarter of each year and whenever events or circumstances indicate that the carrying amount of the asset exceeds its fair value and may not be recoverable . the company 's qualitative assessment of impairment for indefinite-lived assets at may 31 , 2016 , followed the guidance in asc 350-30-35-18a and 18b . the company performed a qualitative and quantitative analysis of goodwill and a qualitative analysis of its indefinite-lived intangibles at may 31 , 2016 , and determined there was no impairment of indefinite-lived intangibles and goodwill . 30 cui global has adopted asu 2011-08 , which simplifies how an entity is required to test goodwill for impairment . the asu allows an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test . under this asu , cui global is not required to calculate the fair value of a reporting unit unless the entity determines , based on a qualitative assessment , that it is more likely than not that its fair value is less than its carrying amount . the asu includes a number of factors to consider in conducting the qualitative assessment . we adopted asu 2011-08 during the year ended december 31 , 2013. the adoption of asu 2011-08 did not have an impact on our consolidated financial statements . the company tests for goodwill impairment in the second quarter of each year and whenever events or changes in circumstances indicate that the carrying amount of the asset exceeds its fair value and may not be recoverable . as detailed in asc 350-20-35-3a , in performing its testing for goodwill , management completes a qualitative analysis to determine whether it was more likely than not that the fair value of a reporting unit is less than its carrying amount , including goodwill . to complete this review , management follows the steps in asc 350-20-35-3c to evaluate the fair values of the intangibles and goodwill and considers all known events and circumstances that might trigger an impairment of goodwill . in 2016 , 2015 and 2014 , the analysis , determined that there was no impairment necessary to goodwill . through these reviews , management concluded that there were no events or circumstances that triggered an impairment ( and there was no expectation that a reporting unit or a significant portion of a reporting unit would be sold or otherwise disposed of in the following year ) , therefore , no further analysis was necessary to prepare for goodwill impairment beyond the steps in 350-20-35-3c in accordance with asu 2011-08. on a periodic basis , we will also perform a quantitative analysis of goodwill impairment and in 2016 , in addition to the qualitative analysis , we performed a quantitative analysis of goodwill impairment . no impairment of goodwill was required . stock-based compensation the company accounts for stock-based compensation using fasb accounting standards codification no . 718 ( ‘ ‘ fasb asc 718 `` ) , ‘ ‘ compensation – stock compensation . `` fasb codification no . 718 requires the fair value of all stock-based employee compensation awarded to employees to be recorded as an expense over the related vesting period . story_separator_special_tag in addition , the agreement calls for an earn-out/royalty payment of two percent of the gross sales ( for specific , identified customers ) over a period of three years from the closing date , up to a maximum of $ 0.3 million that may or may not be paid to the seller within 90 days of each calendar year-end , depending on performance by the identified customer ( s ) . the final adjusted purchase price for the acquisition of tectrol was $ 4.5 million , which included the present value of $ 0.3 million of royalties to be paid on future sales , which was recorded as $ 0.2 million of contingent consideration and had a balance of $ 0.1 million at december 31 , 2016 . 34 financing activities see , above , the section entitled recent sales of unregistered securities for a complete listing of all securities transactions . during the year ended december 31 , 2016 , the company issued payments of $ 41 thousand against capital leases of motor vehicles and equipment and $ 85 thousand against the mortgage note payable . also in 2016 , the company issued payment of $ 59 thousand toward the contingent liability associated with the tectrol acquisition . during the year ended december 31 , 2015 , the company issued payments of $ 32 thousand against capital leases of motor vehicles and equipment and $ 81 thousand against the mortgage note payable . during the year ended december 31 , 2014 , the company issued payments of $ 0.1 million against capital leases of motor vehicles and equipment and $ 77 thousand against the mortgage note payable . cui global may raise additional capital needed to fund the further development and marketing of its products as well as payment of its debt obligations . financing activities – related party activity during 2016 , 2015 and 2014 , $ 0.3 million , $ 0.3 million , and $ 0.3 million , respectively in interest payments were made in relation to the promissory notes issued to related party , ied , inc. the promissory note terms include a due date of may 15 , 2020 and an interest rate of 5 % per annum , with interest payable monthly and the principal due as a balloon payment at maturity . please see note 9. notes payable and note 13. related party transactions for further discussion of these transactions . recap of liquidity and capital resources during the year ended december 31 , 2016 , the company continued to invest in orbital gas systems north america in houston while the cui-canada operation was more fully integrated into the company 's power and electromechanical segment . as expected in the year following two major additions , cash usage was still more than what it will be when the businesses are fully mature , but improved over the year ended december 31 , 2015 , when the company invested for future growth with the acquisition of its canada operations in the power and electromechanical segment , the startup of its orbital gas systems north america operations in the energy segment along with the investment in the new orbital u.k. facility . the net cash used in operating activities decreased to $ 0.8 million from $ 6.4 million in 2015 with much of that due to decreases in working capital requirements since integrating in and starting the two new operations during the prior year . the wells fargo mortgage promissory note has a balance at december 31 , 2016 of $ 3.4 million due , of which $ 89 thousand is the current portion . the wells fargo promissory note has an interest rate of 2 % above libor , payable over ten years , secured by a deed of trust on the purchased property executed by cui properties , llc and guaranteed by cui global , inc. in conjunction with the purchase and promissory note , wells fargo and the company entered into a swap transaction confirmation agreement effective october 1 , 2013 that effectively maximizes the annual interest rate at 6.27 % . 35 the company 's wholly owned subsidiary , cui , inc. renewed its two-year revolving line of credit ( loc ) with wells fargo bank in the principal amount of $ 4.0 million line of credit , on october 1 , 2016 for an additional two years . the interest rate on any outstanding balance is 1.75 % above either the daily one month libor or the libor in effect on the first day of the applicable fixed rate term . the loc is secured through a security agreement on accounts receivable and equipment , as well as other miscellaneous personal property assets . the loc contains certain financial covenants , one of which the company was not in compliance with at december 31 , 2016. the company has obtained a waiver from wells fargo bank for the instance of non-compliance through march 31 , 2017 , the next measuring date . cui global , inc. , the parent company , is a payment guarantor of the loc . at december 31 , 2016 , there was no balance outstanding on the line of credit . wells fargo bank has waived the cross-default provision on the promissory note payable owed by cui properties for a period beyond one year from the date of this report as it relates to the loc covenant violation , therefore the note is not considered to be in default and continues to include a portion classified as long term . on october 5 , 2016 , orbital gas systems ltd. signed a five-year agreement with the london branch of wells fargo bank n.a . for a multi-currency variable rate overdraft facility with a facility limit of 1.5 million pounds sterling ( $ 1.9 million at december 31 , 2016 ) that expires on october 5 , 2021. the interest rate on the facility is

bad debt replace_table_token_14_th bad debt expenses in 2016 , 2015 and 2014 represents less than ½ % of total revenues and relates to miscellaneous receivables , which the company has either recorded an allowance for doubtful collections of the receivable or for which the company has determined the balance to be uncollectible . 41 other income ( expense ) replace_table_token_15_th investment income the company recognized investment income on equity investment in an affiliate of $ 0 in 2016 , $ 53 thousand in the first 9 months of 2015 and , $ 49 thousand for the year ended december 31 , 2014. the company discontinued the equity method of accounting for its investment as of october 1 , 2015. during the three months ended march 31 , 2016 , the investment in tpi was exchanged for a note receivable from tpi of $ 0.4 million , which was the carrying value of the investment , earning interest at 5 % per annum , due june 30 , 2019. the company recorded $ 19 thousand of interest income from the note in the year ended december 31 , 2016. the interest receivable is settled on a quarterly basis via a non-cash offset against the finders-fee royalties earned by tpi on gaspt sales . any remaining finders-fee royalties balance is offset against the note receivable quarterly . cui global reviewed the note receivable for non-collectability as of december 31 , 2016 and concluded that no allowance was necessary . for more information on this investment , see note 2 , summary of significant accounting policies - investment and note receivable , to the consolidated financial statements under part ii , item 8 , ‘ ‘ financial statements and supplementary data . '' interest expense the company incurred $ 0.5 million , $ 0.4 million , and $ 0.5 million of interest expense during 2016 , 2015 and 2014 , respectively . interest expense is for interest on the secured note , secured promissory note , and bank working capital loans .


 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.
     ```bad debt replace_table_token_14_th bad debt expenses in 2016 , 2015 and 2014 represents less than ½ % of total revenues and relates to miscellaneous receivables , which the company has either recorded an allowance for doubtful collections of the receivable or for which the company has determined the balance to be uncollectible . 41 other income ( expense ) replace_table_token_15_th investment income the company recognized investment income on equity investment in an affiliate of $ 0 in 2016 , $ 53 thousand in the first 9 months of 2015 and , $ 49 thousand for the year ended december 31 , 2014. the company discontinued the equity method of accounting for its investment as of october 1 , 2015. during the three months ended march 31 , 2016 , the investment in tpi was exchanged for a note receivable from tpi of $ 0.4 million , which was the carrying value of the investment , earning interest at 5 % per annum , due june 30 , 2019. the company recorded $ 19 thousand of interest income from the note in the year ended december 31 , 2016. the interest receivable is settled on a quarterly basis via a non-cash offset against the finders-fee royalties earned by tpi on gaspt sales . any remaining finders-fee royalties balance is offset against the note receivable quarterly . cui global reviewed the note receivable for non-collectability as of december 31 , 2016 and concluded that no allowance was necessary . for more information on this investment , see note 2 , summary of significant accounting policies - investment and note receivable , to the consolidated financial statements under part ii , item 8 , ‘ ‘ financial statements and supplementary data . '' interest expense the company incurred $ 0.5 million , $ 0.4 million , and $ 0.5 million of interest expense during 2016 , 2015 and 2014 , respectively . interest expense is for interest on the secured note , secured promissory note , and bank working capital loans .
```    
 Suspicious Activity Report : our management believes that given current facts and circumstances , it is unlikely that applying any other reasonable judgments or estimate methodologies would have caused a material change in our results of operations , financial position or liquidity for the periods presented in this report . asset impairment the company reviews its long-lived assets including finite-lived intangibles for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset exceeds its fair value and may not be recoverable . in performing the review for recoverability , the company estimates the future cash flows expected to result from the use of the asset and its eventual disposition . if the sum of the expected future cash flows ( undiscounted and without interest charges ) is less than the carrying amount of the asset , an impairment loss is recognized as the excess of the carrying amount over the fair value . otherwise , an impairment loss is not recognized . management estimates the fair value and the estimated future cash flows expected . any changes in these estimates could impact whether there was impairment and the amount of the impairment . there were no impairments during the year ended december 31 , 2016. during the year ended december 31 , 2015 , management recorded a $ 2 thousand impairment for a patent within the power and electromechanical segment as the company chose not to continue pursuit of the related patent grants and a $ 2 thousand impairment of its capitalized website costs for its japan site after choosing to translate its u.s.-based website into japanese . during the year ended december 31 , 2014 , management identified an indefinite-lived intangible technology rights asset for which its expected life was reduced and an impairment of $ 32 thousand was recorded . indefinite-lived intangibles and goodwill assets the company accounts for business combinations under the acquisition method of accounting in accordance with asc 805 , `` business combinations , `` where the total purchase price is allocated to the tangible and identified intangible assets acquired and liabilities assumed based on their estimated fair values . the purchase price is allocated using the information currently available , and may be adjusted , up to one year from acquisition date , after obtaining more information regarding , among other things , asset valuations , liabilities assumed and revisions to preliminary estimates . the purchase price in excess of the fair value of the tangible and identified intangible assets acquired less liabilities assumed is recognized as goodwill . the company tests for indefinite-lived intangibles and goodwill impairment in the second quarter of each year and whenever events or circumstances indicate that the carrying amount of the asset exceeds its fair value and may not be recoverable . the company 's qualitative assessment of impairment for indefinite-lived assets at may 31 , 2016 , followed the guidance in asc 350-30-35-18a and 18b . the company performed a qualitative and quantitative analysis of goodwill and a qualitative analysis of its indefinite-lived intangibles at may 31 , 2016 , and determined there was no impairment of indefinite-lived intangibles and goodwill . 30 cui global has adopted asu 2011-08 , which simplifies how an entity is required to test goodwill for impairment . the asu allows an entity to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test . under this asu , cui global is not required to calculate the fair value of a reporting unit unless the entity determines , based on a qualitative assessment , that it is more likely than not that its fair value is less than its carrying amount . the asu includes a number of factors to consider in conducting the qualitative assessment . we adopted asu 2011-08 during the year ended december 31 , 2013. the adoption of asu 2011-08 did not have an impact on our consolidated financial statements . the company tests for goodwill impairment in the second quarter of each year and whenever events or changes in circumstances indicate that the carrying amount of the asset exceeds its fair value and may not be recoverable . as detailed in asc 350-20-35-3a , in performing its testing for goodwill , management completes a qualitative analysis to determine whether it was more likely than not that the fair value of a reporting unit is less than its carrying amount , including goodwill . to complete this review , management follows the steps in asc 350-20-35-3c to evaluate the fair values of the intangibles and goodwill and considers all known events and circumstances that might trigger an impairment of goodwill . in 2016 , 2015 and 2014 , the analysis , determined that there was no impairment necessary to goodwill . through these reviews , management concluded that there were no events or circumstances that triggered an impairment ( and there was no expectation that a reporting unit or a significant portion of a reporting unit would be sold or otherwise disposed of in the following year ) , therefore , no further analysis was necessary to prepare for goodwill impairment beyond the steps in 350-20-35-3c in accordance with asu 2011-08. on a periodic basis , we will also perform a quantitative analysis of goodwill impairment and in 2016 , in addition to the qualitative analysis , we performed a quantitative analysis of goodwill impairment . no impairment of goodwill was required . stock-based compensation the company accounts for stock-based compensation using fasb accounting standards codification no . 718 ( ‘ ‘ fasb asc 718 `` ) , ‘ ‘ compensation – stock compensation . `` fasb codification no . 718 requires the fair value of all stock-based employee compensation awarded to employees to be recorded as an expense over the related vesting period . story_separator_special_tag in addition , the agreement calls for an earn-out/royalty payment of two percent of the gross sales ( for specific , identified customers ) over a period of three years from the closing date , up to a maximum of $ 0.3 million that may or may not be paid to the seller within 90 days of each calendar year-end , depending on performance by the identified customer ( s ) . the final adjusted purchase price for the acquisition of tectrol was $ 4.5 million , which included the present value of $ 0.3 million of royalties to be paid on future sales , which was recorded as $ 0.2 million of contingent consideration and had a balance of $ 0.1 million at december 31 , 2016 . 34 financing activities see , above , the section entitled recent sales of unregistered securities for a complete listing of all securities transactions . during the year ended december 31 , 2016 , the company issued payments of $ 41 thousand against capital leases of motor vehicles and equipment and $ 85 thousand against the mortgage note payable . also in 2016 , the company issued payment of $ 59 thousand toward the contingent liability associated with the tectrol acquisition . during the year ended december 31 , 2015 , the company issued payments of $ 32 thousand against capital leases of motor vehicles and equipment and $ 81 thousand against the mortgage note payable . during the year ended december 31 , 2014 , the company issued payments of $ 0.1 million against capital leases of motor vehicles and equipment and $ 77 thousand against the mortgage note payable . cui global may raise additional capital needed to fund the further development and marketing of its products as well as payment of its debt obligations . financing activities – related party activity during 2016 , 2015 and 2014 , $ 0.3 million , $ 0.3 million , and $ 0.3 million , respectively in interest payments were made in relation to the promissory notes issued to related party , ied , inc. the promissory note terms include a due date of may 15 , 2020 and an interest rate of 5 % per annum , with interest payable monthly and the principal due as a balloon payment at maturity . please see note 9. notes payable and note 13. related party transactions for further discussion of these transactions . recap of liquidity and capital resources during the year ended december 31 , 2016 , the company continued to invest in orbital gas systems north america in houston while the cui-canada operation was more fully integrated into the company 's power and electromechanical segment . as expected in the year following two major additions , cash usage was still more than what it will be when the businesses are fully mature , but improved over the year ended december 31 , 2015 , when the company invested for future growth with the acquisition of its canada operations in the power and electromechanical segment , the startup of its orbital gas systems north america operations in the energy segment along with the investment in the new orbital u.k. facility . the net cash used in operating activities decreased to $ 0.8 million from $ 6.4 million in 2015 with much of that due to decreases in working capital requirements since integrating in and starting the two new operations during the prior year . the wells fargo mortgage promissory note has a balance at december 31 , 2016 of $ 3.4 million due , of which $ 89 thousand is the current portion . the wells fargo promissory note has an interest rate of 2 % above libor , payable over ten years , secured by a deed of trust on the purchased property executed by cui properties , llc and guaranteed by cui global , inc. in conjunction with the purchase and promissory note , wells fargo and the company entered into a swap transaction confirmation agreement effective october 1 , 2013 that effectively maximizes the annual interest rate at 6.27 % . 35 the company 's wholly owned subsidiary , cui , inc. renewed its two-year revolving line of credit ( loc ) with wells fargo bank in the principal amount of $ 4.0 million line of credit , on october 1 , 2016 for an additional two years . the interest rate on any outstanding balance is 1.75 % above either the daily one month libor or the libor in effect on the first day of the applicable fixed rate term . the loc is secured through a security agreement on accounts receivable and equipment , as well as other miscellaneous personal property assets . the loc contains certain financial covenants , one of which the company was not in compliance with at december 31 , 2016. the company has obtained a waiver from wells fargo bank for the instance of non-compliance through march 31 , 2017 , the next measuring date . cui global , inc. , the parent company , is a payment guarantor of the loc . at december 31 , 2016 , there was no balance outstanding on the line of credit . wells fargo bank has waived the cross-default provision on the promissory note payable owed by cui properties for a period beyond one year from the date of this report as it relates to the loc covenant violation , therefore the note is not considered to be in default and continues to include a portion classified as long term . on october 5 , 2016 , orbital gas systems ltd. signed a five-year agreement with the london branch of wells fargo bank n.a . for a multi-currency variable rate overdraft facility with a facility limit of 1.5 million pounds sterling ( $ 1.9 million at december 31 , 2016 ) that expires on october 5 , 2021. the interest rate on the facility is

