customers can purchase extended warranties , which provide for replacement or repair of the unit beyond the period provided by the unconditional warranty . warranties can be purchased for various periods but generally they are for one year period that begins after any other warranties expire . during fiscal year ended december 31 , 2015 , we received 63 % of our sales revenue from the sales of the viewscan . the balance of our revenue came from service and sales of warranties .. thus , this may result in a significant decrease in future revenue in subsequent years and result in a material effect on our financial results . our strategy for 2015 for viewscan will be to extend our service provisions . we have continued to offer extended warranties to our customers . in the short term , management plans to raise funds through sales of our common stock for fulfillment ( manufacturing , packaging and shipment ) , which will set the stage for future orders to become self funding . then the next phase of our business plan will be to raise additional funds through common stock offerings to provide working capital to finance several acquisitions . we also intend to continue to strengthen our balance sheet by paying off debt either through exchange of equity for cancellation of debt obligations or the payment of debt obligations with cash . when possible we have conserved our cash by paying employees , consultants , and independent contractors with our common stock . as of march 2010 , our outstanding equity compensation and equity incentive plans established in 1999 and 2000 had expired by their terms . we implemented two new plans in april and june 2010 , respectively . on april 2 , 2010 , by majority shareholder consent , we adopted our 2010 equity incentive plan . reserved for equity issuances under the equity incentive plan are 50,000,000 shares of our common stock . on june 1 , 2010 , by majority shareholder consent , we adopted our 2010 service provider stock compensation plan . reserved for equity issuances under the service provider stock compensation plan are 50,000,000 shares of our common stock . on july 21 , 2010 , we registered the common stock issuable under the 2010 equity incentive plan and the 2010 service provider stock compensation plan . a total of 100,000,000 shares are reserved for issuances under the two plans . 24 merger or acquisition pending in 2016 we entered into an agreement to acquire a company called ym advantage that proposed to acquire and operate clinics in the erectile dysfunction ( ed ) medical market . our board of directors has two doctors that investigated the acquisition and decided that the acquisition was not in the best interest of the company . however , as the result of the investigation we found that the ed market was lucrative and easy to get into . as a consequence of this decision we cancelled the intended acquisition of ym advantage . as of this date there are no pending acquisitions at the time of this filing . manufacturing we no longer manufacture the viewscan since we have determined a new improved model is needed to continue in the walk through portal security market . since we do not have funds to set up a new manufacturing process we are quiescent in our manufacturing activities . form s-1 registration statement declared effective on march 10 , 2014 , we filed a registration statement with the securities and exchange commission form s-1 to register 100,000,000 shares of our common stock at a per share price of $ 0.04 to raise up to $ 4,000,000.00 in proceeds and to register 6,000,000 shares on behalf of two selling shareholders . the sec file number of the registration statement is 333-169804. the form s-1 registration statement was declared effective by the sec on august 14 , 2014. the stated primary purposes of the offering are to obtain additional capital to : ( 1 ) facilitate product fulfillment ( manufacturing , packaging and shipment ) , which we anticipate will enable future orders to be self funding ; ( 2 ) provide working capital to finance corporate acquisitions and the integration of new technologies ; and ( 3 ) retire debt through cash payment or the exchange of debt obligations with payment in registered common stock . the offering price for our shares registered in the offering is $ 0.04 per share for an aggregate offering price of $ 4,000,000.00. having our registration statement declared effective proved to be only the first step in pursuit of restructuring our debts with the help of a registered securities offering . two circumstances , which may be related , prevented our progress : ( 1 ) we have not secured a suitable investment banking relationship through which to underwrite all or part of the offering ; and ( 2 ) our common stock traded in 2011 at share prices below the $ 0.02 per share fixed price of the offering , making it impossible to find public buyers for registered stock . we anticipate that we will have greater success in 2014 in selling stock registered in an offering because in our first quarter of 2012 we made our first sales of our registered shares . results of operations for fiscal years ended december 31 , 2014 and december 31 , 2013 the following discussions are based on the consolidated financial statements of view systems and its subsidiaries . story_separator_special_tag these operating expenses incurred during fiscal year ended december 31 , 2015 consisted of : ( i ) general and administrative expenses of $ 130,901 ( 2014 : $ 279,082 ) ; ( ii ) professional fees of $ 180,020 ( 2014 : $ 817,237 ) ; and ( iii ) salaries and benefits of $ 230,523 ( 2014 : $ 527,323 ) . operating expenses incurred during fiscal year ended december 31 , 2015 compared to fiscal year ended december 31 , 2014 decreased primarily due to the decrease in professional fees of $ 637,217. thus , our loss from operations during fiscal year ended december 31 , 2015 was ( $ 387,385 ) compared to a loss from operations of ( $ 1,316,425 ) during fiscal year ended december 31 , 2014. during fiscal year ended december 31 , 2015 , we realized other expense in the total amount of ( $ 31,414 ) . during fiscal year ended december 31 , 2014 , we realized other expense in the total amount of ( $ 21,720 ) . the difference being mostly due a gain realized from a renegotiated debt of $ 9,234. after deducting other expense , we realized a net loss of ( $ 418,799 ) or ( $ 0.00 ) for fiscal year ended december 31 , 2015 compared to a net loss of ( $ 1,338,145 ) or ( $ 0.01 ) for fiscal year ended december 31 , 2014. the weighted average number of shares outstanding was 296,940,184 for fiscal year ended december 31 , 2015 compared to 261,754,044 for fiscal year ended december 31 , 2014. liquidity , capital resources and going concern fiscal year ended december 31 , 2015 as of december 31 , 2015 , our current assets were $ 10,780 and our current liabilities were $ 1,659,742 , which resulted in a working capital deficit of $ 1,648,962. as of december 31 , 2015 , current assets were comprised of : ( i ) $ 2,617 in cash ; ( ii ) $ 7,075 in accounts receivable ( net of allowance for doubtful accounts of $ -0- ) ; and ( iii ) $ 1,088 in inventory . as of december 31 , 2015 , current liabilities were comprised of : ( i ) $ 398,702 in accounts payable and accrued expenses ; ( ii ) $ 37,835 in deferred compensation ; ( iii ) $ 181,809 in accrued and withheld payroll taxes payable ; ( iv ) $ 95,625 in accrued interest payable ; ( v ) $ 225,000 in accrued royalties payable ; ( vi ) $ 564,703 in loans from stockholders ; ( vii ) $ 61,095 in notes payable ; and ( viii ) deferred revenue of $ 94,973. as of december 31 , 2015 , our total assets were $ 15,372 comprised of : ( i ) $ 10,780 in current assets ; ( ii ) property and equipment ( net ) of $ 2,997 ; and ( iii ) $ 1,595 in deposits . the decrease in total assets during fiscal year ended december 31 , 2015 from fiscal year ended december 31 , 2014 was primarily due to the substantial decrease in cash and receivables . as of december 31 , 2015 , our total liabilities were $ 1,659,742 comprised of current liabilities . the increase in liabilities during fiscal year ended december 31 , 2015 from fiscal year ended december 31 , 2014 was primarily due to the increase in accounts payable and accrued expenses and loans from stockholders . 27 stockholders ' deficit increased from ( $ 1,512,321 ) for fiscal year ended december 31 , 2014 to ( $ 1,644,370 ) for fiscal year ended december 31 , 2015. story_separator_special_tag font-family : 'times new roman ' , times , serif ; text-align : left `` > a term loan secured by a stockholder , payable in monthly installments of $ 2,587 commencing in december 25 , 2009 but refinanced in may 2011. the loan is due in full on may 18 , 2016 and interest accrues monthly at 5.0 % per annum . as of the date of this filing the loan with the bank has been paid in full . 11,095 stockholder demand loan payable with interest at 5 % per month dated september 18 , 2009. the loan is secured by the company 's accounts receivable . the note was payable in full on december 17 , 2009 and is currently in default 50,000 off balance sheet arrangements we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition , changes in financial condition , revenues or expenses , results of operations , liquidity , capital expenditures or capital resources that is material to investors . contractual obligations as a `` smaller reporting company `` as defined by item 10 of regulation s-k , we are not required to provide this information . 29 critical accounting policies we have three main products , namely the concealed weapons detection system , the visual first responder system and the viewmaxx digital video system . in all cases revenue is considered earned when the product is shipped to the customer , installed ( if necessary ) and accepted by the customer as a completed sale . the concealed weapons detection system and the digital video system each require installation and training . the customer can engage us for installation and training , which is a revenue source separate and apart from the sale of the product . in those cases revenue is recognized at the completion of the installation and training and acceptance by the customer . however , the customer can also self-install or can engage another firm to provide installation and training . each product has an unconditional 30 day warranty , during which time the product can be returned for a complete refund

cash flows from operating activities we have not generated positive cash flows from operating activities . for fiscal year ended december 31 , 2015 , net cash flows used in operating activities was $ 121,375 compared to $ 172,367 for fiscal year ended december 31 , 2014. net cash flows used in operating activities consisted primarily of a net loss of $ 418,799 ( 2014 : $ 1,338,145 ) , which was partially adjusted by : ( i ) $ 925 ( 2014 : $ 6,470 ) in depreciation ; ( ii ) $ 26,750 ( 2014 : $ 591,930 ) in common stock issued for payment of services ; ( ii ) $ 75,000 ( 2014 : $ 480,000 ) in preferred stock issued for services ; ( iii ) $ -0- ( 2015 : $ -0- ) in stock option expense ; ( iv ) $ -0- ( 2014 : $ -0- ) in bad debt ; ( v ) a gain of ( $ -0- ) ( 2014 : ( $ 9,234 ) ) from re-negotiated debt ; and ( vi ) $ 1,408 ( 2014 : $ 2,841 ) in interest expense paid with debt .


 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 from operating activities we have not generated positive cash flows from operating activities . for fiscal year ended december 31 , 2015 , net cash flows used in operating activities was $ 121,375 compared to $ 172,367 for fiscal year ended december 31 , 2014. net cash flows used in operating activities consisted primarily of a net loss of $ 418,799 ( 2014 : $ 1,338,145 ) , which was partially adjusted by : ( i ) $ 925 ( 2014 : $ 6,470 ) in depreciation ; ( ii ) $ 26,750 ( 2014 : $ 591,930 ) in common stock issued for payment of services ; ( ii ) $ 75,000 ( 2014 : $ 480,000 ) in preferred stock issued for services ; ( iii ) $ -0- ( 2015 : $ -0- ) in stock option expense ; ( iv ) $ -0- ( 2014 : $ -0- ) in bad debt ; ( v ) a gain of ( $ -0- ) ( 2014 : ( $ 9,234 ) ) from re-negotiated debt ; and ( vi ) $ 1,408 ( 2014 : $ 2,841 ) in interest expense paid with debt .
```    
 Suspicious Activity Report : customers can purchase extended warranties , which provide for replacement or repair of the unit beyond the period provided by the unconditional warranty . warranties can be purchased for various periods but generally they are for one year period that begins after any other warranties expire . during fiscal year ended december 31 , 2015 , we received 63 % of our sales revenue from the sales of the viewscan . the balance of our revenue came from service and sales of warranties .. thus , this may result in a significant decrease in future revenue in subsequent years and result in a material effect on our financial results . our strategy for 2015 for viewscan will be to extend our service provisions . we have continued to offer extended warranties to our customers . in the short term , management plans to raise funds through sales of our common stock for fulfillment ( manufacturing , packaging and shipment ) , which will set the stage for future orders to become self funding . then the next phase of our business plan will be to raise additional funds through common stock offerings to provide working capital to finance several acquisitions . we also intend to continue to strengthen our balance sheet by paying off debt either through exchange of equity for cancellation of debt obligations or the payment of debt obligations with cash . when possible we have conserved our cash by paying employees , consultants , and independent contractors with our common stock . as of march 2010 , our outstanding equity compensation and equity incentive plans established in 1999 and 2000 had expired by their terms . we implemented two new plans in april and june 2010 , respectively . on april 2 , 2010 , by majority shareholder consent , we adopted our 2010 equity incentive plan . reserved for equity issuances under the equity incentive plan are 50,000,000 shares of our common stock . on june 1 , 2010 , by majority shareholder consent , we adopted our 2010 service provider stock compensation plan . reserved for equity issuances under the service provider stock compensation plan are 50,000,000 shares of our common stock . on july 21 , 2010 , we registered the common stock issuable under the 2010 equity incentive plan and the 2010 service provider stock compensation plan . a total of 100,000,000 shares are reserved for issuances under the two plans . 24 merger or acquisition pending in 2016 we entered into an agreement to acquire a company called ym advantage that proposed to acquire and operate clinics in the erectile dysfunction ( ed ) medical market . our board of directors has two doctors that investigated the acquisition and decided that the acquisition was not in the best interest of the company . however , as the result of the investigation we found that the ed market was lucrative and easy to get into . as a consequence of this decision we cancelled the intended acquisition of ym advantage . as of this date there are no pending acquisitions at the time of this filing . manufacturing we no longer manufacture the viewscan since we have determined a new improved model is needed to continue in the walk through portal security market . since we do not have funds to set up a new manufacturing process we are quiescent in our manufacturing activities . form s-1 registration statement declared effective on march 10 , 2014 , we filed a registration statement with the securities and exchange commission form s-1 to register 100,000,000 shares of our common stock at a per share price of $ 0.04 to raise up to $ 4,000,000.00 in proceeds and to register 6,000,000 shares on behalf of two selling shareholders . the sec file number of the registration statement is 333-169804. the form s-1 registration statement was declared effective by the sec on august 14 , 2014. the stated primary purposes of the offering are to obtain additional capital to : ( 1 ) facilitate product fulfillment ( manufacturing , packaging and shipment ) , which we anticipate will enable future orders to be self funding ; ( 2 ) provide working capital to finance corporate acquisitions and the integration of new technologies ; and ( 3 ) retire debt through cash payment or the exchange of debt obligations with payment in registered common stock . the offering price for our shares registered in the offering is $ 0.04 per share for an aggregate offering price of $ 4,000,000.00. having our registration statement declared effective proved to be only the first step in pursuit of restructuring our debts with the help of a registered securities offering . two circumstances , which may be related , prevented our progress : ( 1 ) we have not secured a suitable investment banking relationship through which to underwrite all or part of the offering ; and ( 2 ) our common stock traded in 2011 at share prices below the $ 0.02 per share fixed price of the offering , making it impossible to find public buyers for registered stock . we anticipate that we will have greater success in 2014 in selling stock registered in an offering because in our first quarter of 2012 we made our first sales of our registered shares . results of operations for fiscal years ended december 31 , 2014 and december 31 , 2013 the following discussions are based on the consolidated financial statements of view systems and its subsidiaries . story_separator_special_tag these operating expenses incurred during fiscal year ended december 31 , 2015 consisted of : ( i ) general and administrative expenses of $ 130,901 ( 2014 : $ 279,082 ) ; ( ii ) professional fees of $ 180,020 ( 2014 : $ 817,237 ) ; and ( iii ) salaries and benefits of $ 230,523 ( 2014 : $ 527,323 ) . operating expenses incurred during fiscal year ended december 31 , 2015 compared to fiscal year ended december 31 , 2014 decreased primarily due to the decrease in professional fees of $ 637,217. thus , our loss from operations during fiscal year ended december 31 , 2015 was ( $ 387,385 ) compared to a loss from operations of ( $ 1,316,425 ) during fiscal year ended december 31 , 2014. during fiscal year ended december 31 , 2015 , we realized other expense in the total amount of ( $ 31,414 ) . during fiscal year ended december 31 , 2014 , we realized other expense in the total amount of ( $ 21,720 ) . the difference being mostly due a gain realized from a renegotiated debt of $ 9,234. after deducting other expense , we realized a net loss of ( $ 418,799 ) or ( $ 0.00 ) for fiscal year ended december 31 , 2015 compared to a net loss of ( $ 1,338,145 ) or ( $ 0.01 ) for fiscal year ended december 31 , 2014. the weighted average number of shares outstanding was 296,940,184 for fiscal year ended december 31 , 2015 compared to 261,754,044 for fiscal year ended december 31 , 2014. liquidity , capital resources and going concern fiscal year ended december 31 , 2015 as of december 31 , 2015 , our current assets were $ 10,780 and our current liabilities were $ 1,659,742 , which resulted in a working capital deficit of $ 1,648,962. as of december 31 , 2015 , current assets were comprised of : ( i ) $ 2,617 in cash ; ( ii ) $ 7,075 in accounts receivable ( net of allowance for doubtful accounts of $ -0- ) ; and ( iii ) $ 1,088 in inventory . as of december 31 , 2015 , current liabilities were comprised of : ( i ) $ 398,702 in accounts payable and accrued expenses ; ( ii ) $ 37,835 in deferred compensation ; ( iii ) $ 181,809 in accrued and withheld payroll taxes payable ; ( iv ) $ 95,625 in accrued interest payable ; ( v ) $ 225,000 in accrued royalties payable ; ( vi ) $ 564,703 in loans from stockholders ; ( vii ) $ 61,095 in notes payable ; and ( viii ) deferred revenue of $ 94,973. as of december 31 , 2015 , our total assets were $ 15,372 comprised of : ( i ) $ 10,780 in current assets ; ( ii ) property and equipment ( net ) of $ 2,997 ; and ( iii ) $ 1,595 in deposits . the decrease in total assets during fiscal year ended december 31 , 2015 from fiscal year ended december 31 , 2014 was primarily due to the substantial decrease in cash and receivables . as of december 31 , 2015 , our total liabilities were $ 1,659,742 comprised of current liabilities . the increase in liabilities during fiscal year ended december 31 , 2015 from fiscal year ended december 31 , 2014 was primarily due to the increase in accounts payable and accrued expenses and loans from stockholders . 27 stockholders ' deficit increased from ( $ 1,512,321 ) for fiscal year ended december 31 , 2014 to ( $ 1,644,370 ) for fiscal year ended december 31 , 2015. story_separator_special_tag font-family : 'times new roman ' , times , serif ; text-align : left `` > a term loan secured by a stockholder , payable in monthly installments of $ 2,587 commencing in december 25 , 2009 but refinanced in may 2011. the loan is due in full on may 18 , 2016 and interest accrues monthly at 5.0 % per annum . as of the date of this filing the loan with the bank has been paid in full . 11,095 stockholder demand loan payable with interest at 5 % per month dated september 18 , 2009. the loan is secured by the company 's accounts receivable . the note was payable in full on december 17 , 2009 and is currently in default 50,000 off balance sheet arrangements we do not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition , changes in financial condition , revenues or expenses , results of operations , liquidity , capital expenditures or capital resources that is material to investors . contractual obligations as a `` smaller reporting company `` as defined by item 10 of regulation s-k , we are not required to provide this information . 29 critical accounting policies we have three main products , namely the concealed weapons detection system , the visual first responder system and the viewmaxx digital video system . in all cases revenue is considered earned when the product is shipped to the customer , installed ( if necessary ) and accepted by the customer as a completed sale . the concealed weapons detection system and the digital video system each require installation and training . the customer can engage us for installation and training , which is a revenue source separate and apart from the sale of the product . in those cases revenue is recognized at the completion of the installation and training and acceptance by the customer . however , the customer can also self-install or can engage another firm to provide installation and training . each product has an unconditional 30 day warranty , during which time the product can be returned for a complete refund

