● received orders including $ 710,000 for latin american prison security , and $ 735,000 of opening orders for perimeter security and public safety in asia and the u.s. 17 our revenues decreased by 2.5 % from $ 16,784,220 in the fiscal year ended september 30 , 2015 to $ 16,361,005 in the fiscal year ended september 30 , 2016. the decrease in revenues is due to delays in the award of contracts , primarily in international markets , due to various factors , including budget delays , prioritization of programs , decreased oil and gas prices , which have delayed capital expenditures , the strong dollar slowing international growth , and regional conflicts , especially in the middle east . in most cases , these opportunities were delayed and not lost to competitors . we saw improvement in u.s. military spending in fiscal year 2016 with a 60 % increase in revenues over fiscal year 2015 , driven by the delivery of our first major order on our u.s. army program of record in fiscal year 2016 for $ 915,000 , and several other orders for the u.s. navy , u.s. coast guard and the u.s. marines . revenues to u.s. law enforcement agencies and municipalities for public safety and crowd control applications were strong during the year , as well as shipments to the department of state for u.s. facilities overseas , and perimeter security for infrastructure projects , resulting in a 47 % increase in u.s. revenues . in international markets , revenues to militaries , primarily armies , navies and coast guards , and law enforcement agencies continued to be strong during the year . in addition , we had an increase in revenues from correctional facilities for security and communication . mass notification projects in asia slowed during fiscal year 2016 resulting in a 45 % reduction in mass notification revenues during the year , but these projects are expected to increase again in fiscal year 2017. during fiscal year 2016 , we expanded our omnidirectional product offering and we had some small u.s. mass notification installations , which we can use to demonstrate our capabilities to build additional business . we continue to pursue u.s. and international mass notification opportunities and we started strong in fiscal year 2017 with awards totalling $ 2.4 million . gross profit decreased by $ 857,036 to 47 % of net revenues , compared to 51 % of net revenues in fiscal year 2015 , primarily due to lower net revenues and unfavorable channel mix . operating expenses increased by $ 1,955,534 primarily due to $ 1,138,183 of non-recurring expenses related to legal and consulting costs resulting from a proxy contest initiated by a stockholder of the company , severance and related expenses in accordance with a separation agreement and general release related to the departure of the company 's prior chief executive officer , and recruiting and hiring costs related to the search and hire of a new chief executive officer . in addition , salaries , benefits and consulting costs for business development personnel and engineers increased by $ 677,513 , product development and testing increased by $ 63,629 and $ 76,209 of other increases . we also recognized a non-cash income tax benefit of $ 8,339,000 in the year ended september 30 , 2015 resulting from the release of a portion of the valuation allowance against deferred tax assets . during the year ended september 30 , 2016 , we adjusted our valuation allowance , which resulted in an additional $ 188,000 of non-cash income tax benefit . our working capital decreased by $ 2,508,030 during fiscal year 2016 , primarily due to $ 1,748,456 to repurchase company shares of common stock , $ 954,650 for the payment of dividends , and net losses after adjusting for non-cash expenses of $ 456,572 , offset by a movement of $ 859,630 of investments from long-term to short-term securities . future cash flows from operating activities are expected to fluctuate based on working capital requirements , operating expense levels and other factors . we believe we have adequate financial resources to fund operations for the next twelve months . we incurred $ 2,387,985 of research and development expense during fiscal year 2016. we designed , developed and launched the lrad rxl for the u.s. navy and were awarded a $ 7.4 million contract using this unit for situational awareness systems on military sealift command ships and other vessels . this unit combines the benefits of the remotely operated pan and tilt system of the lrad 500rx , which is a lighter , compact cost-effective version of our lrad 1000rx , with the enhanced , more powerful driver technology included in our lrad 450xl system . we are beginning to utilize our advanced driver , which offers almost twice the output of our standard driver , in other products to increase product output in a smaller size unit . we have also developed a number of product modifications and customizations to meet specific customer needs . our lrad products have been competitively selected over other commercially available systems by the united states military and by several international militaries . we seek to continually improve the quality and manufacturability of our products to retain our competitive advantage in the ahd market from both a technology standpoint and to remain cost competitive . we believe our improved products provide increased sales opportunities into government and commercial markets and demonstrate our ability to remain the leader in the ahd market . we also continued to design and expand our product offering for our one voice omnidirectional product line through increased variations of our current technology to accommodate various customer requirements , including the addition of various configurations of amplifiers , mounts , power sources and software . story_separator_special_tag we also increased salaries and consulting costs by $ 358,616 , primarily for the addition of two full time business development consultants , marketing expenses for trade shows by $ 32,795 , fees related to administration of the dividend payment and new board member fees by $ 26,133 , commission expense by $ 17,694 and $ 22,667 of other increases . we incurred non-cash share-based compensation expenses of $ 478,695 and $ 473,118 in the fiscal years ended september 30 , 2016 and 2015 , respectively . research and development expenses r & d expenses increased by $ 359,446 , or 17.7 % , primarily due to $ 310,048 for increased salaries and benefits for the addition of engineers , $ 63,629 for increased development costs for prototypes , as well as costs for contracted testing and certification costs , offset by $ 14,231 of other spending decreases . included in r & d expenses for the year ended september 30 , 2016 was $ 102,639 of non-cash share-based compensation expenses , compared to $ 120,728 for the year ended september 30 , 2015. other income other income increased by $ 3,661 due to a decrease of $ 16,895 for interest income due to lower cash balances , offset by $ 20,556 for amortization and accretion of our investments . net income the decrease in net income was due to the decrease in revenues and gross margin and an increase in operating expenses , primarily due to $ 1,138,183 of non-recurring expenses . in addition , we recorded $ 1,840 of tax provision in the current year and recorded a $ 188,000 non-cash income tax benefit for the release of a portion of our valuation allowance against deferred tax assets based on an assessment of the company 's historical and projected taxable income , along with any tax planning strategies and any other positive or negative evidence , and determined it was more likely than not that a portion of the deferred tax assets will be realized . in the year ended september 30 , 2015 , we recorded a tax benefit of $ 7,700 and released $ 8,339,000 of our valuation allowance . for additional details , refer to note 10 , income taxes . liquidity and capital resources cash and cash equivalents at september 30 , 2016 was $ 13,466,711 , compared to $ 18,316,103 at september 30 , 2015. other than cash and expected future cash flows from operating activities in subsequent periods , we have no other unused sources of liquidity at this time . principal factors that could affect the availability of our internally generated funds include : ability to meet sales projections ; government spending levels ; introduction of competing technologies ; product mix and effect on margins ; ability to reduce and manage inventory levels ; and product acceptance in new markets . 22 principal factors that could affect our ability to obtain cash from external sources include : volatility in the capital markets ; and market price and trading volume of our common stock . our board of directors approved a share buyback program under which the company may utilize up to $ 4 million in cash to repurchase outstanding common shares using available cash and from future cash flow from operations through december 31 , 2016. based on our current cash position , our order backlog , and assuming the accuracy of our currently planned expenditures , we believe we have sufficient capital to fund planned levels of operations for at least the next twelve months . however , we operate in a rapidly evolving and often unpredictable business environment that may change the timing or amount of expected future cash receipts and expenditures . accordingly , there can be no assurance that we may not be required to raise additional funds through the sale of equity or debt securities or from credit facilities . additional capital , if needed , may not be available on satisfactory terms , if at all . story_separator_special_tag quarter of fiscal 2016 or the prior fiscal year . commitments we are committed for our facility lease as more fully described in note 11 , commitments and contingencies , to our consolidated financial statements . we have a bonus plan for employees , in accordance with their terms of employment , whereby they can earn a percentage of their salary at three different levels based on meeting three different targeted objectives for earnings per share . the number of shares outstanding used for the calculation is as of october 1 , 2015. in fiscal years 2016 and 2015 , the company did not meet the targeted objectives for earnings per share so an accrual was not recorded . in april 2009 , our board of directors adopted a change in control severance benefit plan . the change of control plan provides that in the event of a qualifying termination , the participating executive will be entitled to receive ( i ) a lump sum payment equal to twenty-four months ' base salary ( less applicable tax and other withholdings ) , ( ii ) a lump sum payment equal to the officer 's target bonus for the year in which the officer is terminated , ( iii ) continuation of health benefits for twenty-four months and ( iv ) accelerated vesting of any unvested stock options and other securities or similar incentives held at the time of termination . a qualifying termination under the change of control plan is any involuntary termination without cause or any voluntary termination for good reason , in each case occurring within three months before or twelve months after a change of control of lrad . we entered into an employment agreement in august 2016 with our chief executive officer that provides for severance benefits including twelve months ' salary and health benefits , a pro-rata share of his annual cash bonus for the fiscal year in which the termination occurs

cash flows our cash flows from operating , investing and financing activities , as reflected in the consolidated statements of cash flows , are summarized in the table below : replace_table_token_3_th operating activities net loss of $ 1,281,599 for the fiscal year ended september 30 , 2016 was reduced by $ 825,027 of non-cash items that include share-based compensation expense , deferred income taxes , depreciation and amortization , inventory obsolescence and a provision for warranty . cash generated from operating activities reflected an increase in accrued and other liabilities primarily due to increased deferred revenues from prepayments from customers , decreased prepaid expenses and other – noncurrent , which represents the amortization of our prepaid maintenance agreement , increased payroll and related resulting primarily from increased accrued benefits , and $ 2,309 for decreased inventory . cash used in operating activities included an increase in accounts receivable of $ 1,292,589 due to higher revenues in the last month of the year , decreased accounts payable of $ 129,376 , warranty settlements of $ 38,588 and increased prepaid expenses and other of $ 29,972. net income of $ 9,687,816 for the fiscal year ended september 30 , 2015 was reduced by $ 7,373,148 of non-cash items that include deferred income taxes , share-based compensation expense , depreciation and amortization , inventory obsolescence and a provision for warranty . cash generated from operating activities reflected a decrease in accounts receivable of $ 2,167,728 , due to lower revenues and a decrease in prepaid expenses and other – noncurrent of $ 187,485 , which represents the amortization of our prepaid maintenance agreement .


 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 our cash flows from operating , investing and financing activities , as reflected in the consolidated statements of cash flows , are summarized in the table below : replace_table_token_3_th operating activities net loss of $ 1,281,599 for the fiscal year ended september 30 , 2016 was reduced by $ 825,027 of non-cash items that include share-based compensation expense , deferred income taxes , depreciation and amortization , inventory obsolescence and a provision for warranty . cash generated from operating activities reflected an increase in accrued and other liabilities primarily due to increased deferred revenues from prepayments from customers , decreased prepaid expenses and other – noncurrent , which represents the amortization of our prepaid maintenance agreement , increased payroll and related resulting primarily from increased accrued benefits , and $ 2,309 for decreased inventory . cash used in operating activities included an increase in accounts receivable of $ 1,292,589 due to higher revenues in the last month of the year , decreased accounts payable of $ 129,376 , warranty settlements of $ 38,588 and increased prepaid expenses and other of $ 29,972. net income of $ 9,687,816 for the fiscal year ended september 30 , 2015 was reduced by $ 7,373,148 of non-cash items that include deferred income taxes , share-based compensation expense , depreciation and amortization , inventory obsolescence and a provision for warranty . cash generated from operating activities reflected a decrease in accounts receivable of $ 2,167,728 , due to lower revenues and a decrease in prepaid expenses and other – noncurrent of $ 187,485 , which represents the amortization of our prepaid maintenance agreement .
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 Suspicious Activity Report : ● received orders including $ 710,000 for latin american prison security , and $ 735,000 of opening orders for perimeter security and public safety in asia and the u.s. 17 our revenues decreased by 2.5 % from $ 16,784,220 in the fiscal year ended september 30 , 2015 to $ 16,361,005 in the fiscal year ended september 30 , 2016. the decrease in revenues is due to delays in the award of contracts , primarily in international markets , due to various factors , including budget delays , prioritization of programs , decreased oil and gas prices , which have delayed capital expenditures , the strong dollar slowing international growth , and regional conflicts , especially in the middle east . in most cases , these opportunities were delayed and not lost to competitors . we saw improvement in u.s. military spending in fiscal year 2016 with a 60 % increase in revenues over fiscal year 2015 , driven by the delivery of our first major order on our u.s. army program of record in fiscal year 2016 for $ 915,000 , and several other orders for the u.s. navy , u.s. coast guard and the u.s. marines . revenues to u.s. law enforcement agencies and municipalities for public safety and crowd control applications were strong during the year , as well as shipments to the department of state for u.s. facilities overseas , and perimeter security for infrastructure projects , resulting in a 47 % increase in u.s. revenues . in international markets , revenues to militaries , primarily armies , navies and coast guards , and law enforcement agencies continued to be strong during the year . in addition , we had an increase in revenues from correctional facilities for security and communication . mass notification projects in asia slowed during fiscal year 2016 resulting in a 45 % reduction in mass notification revenues during the year , but these projects are expected to increase again in fiscal year 2017. during fiscal year 2016 , we expanded our omnidirectional product offering and we had some small u.s. mass notification installations , which we can use to demonstrate our capabilities to build additional business . we continue to pursue u.s. and international mass notification opportunities and we started strong in fiscal year 2017 with awards totalling $ 2.4 million . gross profit decreased by $ 857,036 to 47 % of net revenues , compared to 51 % of net revenues in fiscal year 2015 , primarily due to lower net revenues and unfavorable channel mix . operating expenses increased by $ 1,955,534 primarily due to $ 1,138,183 of non-recurring expenses related to legal and consulting costs resulting from a proxy contest initiated by a stockholder of the company , severance and related expenses in accordance with a separation agreement and general release related to the departure of the company 's prior chief executive officer , and recruiting and hiring costs related to the search and hire of a new chief executive officer . in addition , salaries , benefits and consulting costs for business development personnel and engineers increased by $ 677,513 , product development and testing increased by $ 63,629 and $ 76,209 of other increases . we also recognized a non-cash income tax benefit of $ 8,339,000 in the year ended september 30 , 2015 resulting from the release of a portion of the valuation allowance against deferred tax assets . during the year ended september 30 , 2016 , we adjusted our valuation allowance , which resulted in an additional $ 188,000 of non-cash income tax benefit . our working capital decreased by $ 2,508,030 during fiscal year 2016 , primarily due to $ 1,748,456 to repurchase company shares of common stock , $ 954,650 for the payment of dividends , and net losses after adjusting for non-cash expenses of $ 456,572 , offset by a movement of $ 859,630 of investments from long-term to short-term securities . future cash flows from operating activities are expected to fluctuate based on working capital requirements , operating expense levels and other factors . we believe we have adequate financial resources to fund operations for the next twelve months . we incurred $ 2,387,985 of research and development expense during fiscal year 2016. we designed , developed and launched the lrad rxl for the u.s. navy and were awarded a $ 7.4 million contract using this unit for situational awareness systems on military sealift command ships and other vessels . this unit combines the benefits of the remotely operated pan and tilt system of the lrad 500rx , which is a lighter , compact cost-effective version of our lrad 1000rx , with the enhanced , more powerful driver technology included in our lrad 450xl system . we are beginning to utilize our advanced driver , which offers almost twice the output of our standard driver , in other products to increase product output in a smaller size unit . we have also developed a number of product modifications and customizations to meet specific customer needs . our lrad products have been competitively selected over other commercially available systems by the united states military and by several international militaries . we seek to continually improve the quality and manufacturability of our products to retain our competitive advantage in the ahd market from both a technology standpoint and to remain cost competitive . we believe our improved products provide increased sales opportunities into government and commercial markets and demonstrate our ability to remain the leader in the ahd market . we also continued to design and expand our product offering for our one voice omnidirectional product line through increased variations of our current technology to accommodate various customer requirements , including the addition of various configurations of amplifiers , mounts , power sources and software . story_separator_special_tag we also increased salaries and consulting costs by $ 358,616 , primarily for the addition of two full time business development consultants , marketing expenses for trade shows by $ 32,795 , fees related to administration of the dividend payment and new board member fees by $ 26,133 , commission expense by $ 17,694 and $ 22,667 of other increases . we incurred non-cash share-based compensation expenses of $ 478,695 and $ 473,118 in the fiscal years ended september 30 , 2016 and 2015 , respectively . research and development expenses r & d expenses increased by $ 359,446 , or 17.7 % , primarily due to $ 310,048 for increased salaries and benefits for the addition of engineers , $ 63,629 for increased development costs for prototypes , as well as costs for contracted testing and certification costs , offset by $ 14,231 of other spending decreases . included in r & d expenses for the year ended september 30 , 2016 was $ 102,639 of non-cash share-based compensation expenses , compared to $ 120,728 for the year ended september 30 , 2015. other income other income increased by $ 3,661 due to a decrease of $ 16,895 for interest income due to lower cash balances , offset by $ 20,556 for amortization and accretion of our investments . net income the decrease in net income was due to the decrease in revenues and gross margin and an increase in operating expenses , primarily due to $ 1,138,183 of non-recurring expenses . in addition , we recorded $ 1,840 of tax provision in the current year and recorded a $ 188,000 non-cash income tax benefit for the release of a portion of our valuation allowance against deferred tax assets based on an assessment of the company 's historical and projected taxable income , along with any tax planning strategies and any other positive or negative evidence , and determined it was more likely than not that a portion of the deferred tax assets will be realized . in the year ended september 30 , 2015 , we recorded a tax benefit of $ 7,700 and released $ 8,339,000 of our valuation allowance . for additional details , refer to note 10 , income taxes . liquidity and capital resources cash and cash equivalents at september 30 , 2016 was $ 13,466,711 , compared to $ 18,316,103 at september 30 , 2015. other than cash and expected future cash flows from operating activities in subsequent periods , we have no other unused sources of liquidity at this time . principal factors that could affect the availability of our internally generated funds include : ability to meet sales projections ; government spending levels ; introduction of competing technologies ; product mix and effect on margins ; ability to reduce and manage inventory levels ; and product acceptance in new markets . 22 principal factors that could affect our ability to obtain cash from external sources include : volatility in the capital markets ; and market price and trading volume of our common stock . our board of directors approved a share buyback program under which the company may utilize up to $ 4 million in cash to repurchase outstanding common shares using available cash and from future cash flow from operations through december 31 , 2016. based on our current cash position , our order backlog , and assuming the accuracy of our currently planned expenditures , we believe we have sufficient capital to fund planned levels of operations for at least the next twelve months . however , we operate in a rapidly evolving and often unpredictable business environment that may change the timing or amount of expected future cash receipts and expenditures . accordingly , there can be no assurance that we may not be required to raise additional funds through the sale of equity or debt securities or from credit facilities . additional capital , if needed , may not be available on satisfactory terms , if at all . story_separator_special_tag quarter of fiscal 2016 or the prior fiscal year . commitments we are committed for our facility lease as more fully described in note 11 , commitments and contingencies , to our consolidated financial statements . we have a bonus plan for employees , in accordance with their terms of employment , whereby they can earn a percentage of their salary at three different levels based on meeting three different targeted objectives for earnings per share . the number of shares outstanding used for the calculation is as of october 1 , 2015. in fiscal years 2016 and 2015 , the company did not meet the targeted objectives for earnings per share so an accrual was not recorded . in april 2009 , our board of directors adopted a change in control severance benefit plan . the change of control plan provides that in the event of a qualifying termination , the participating executive will be entitled to receive ( i ) a lump sum payment equal to twenty-four months ' base salary ( less applicable tax and other withholdings ) , ( ii ) a lump sum payment equal to the officer 's target bonus for the year in which the officer is terminated , ( iii ) continuation of health benefits for twenty-four months and ( iv ) accelerated vesting of any unvested stock options and other securities or similar incentives held at the time of termination . a qualifying termination under the change of control plan is any involuntary termination without cause or any voluntary termination for good reason , in each case occurring within three months before or twelve months after a change of control of lrad . we entered into an employment agreement in august 2016 with our chief executive officer that provides for severance benefits including twelve months ' salary and health benefits , a pro-rata share of his annual cash bonus for the fiscal year in which the termination occurs

