the proliferation and mass market acceptance of touch technology have prompted new applications and uses for existing and new offerings , thus making the production and utilization of these modules one of the fastest growing tech segments . the typical product development and release cycle is six to thirty-six months with new customers while existing customer lead times are typically six to nine months . during the initial cycle , there are three phases : evaluation , design , and commercialization . in the evaluation phase , prospects validate our technology and may produce short runs of prototype products . during the design phase , product development and solution definition begins . this design phase tends to be the longest and delays typically occur which may extend the term of the overall cycle . in the final phase , commercialization , the customer enters into full production mode , ships products to the market and we earn license revenue . our oem and odm customers use our touch technology in controller chips we developed in collaboration with texas instruments . in connection with the first generation nn1001 controller chip , we are obligated to contribute $ 500,000 of non-recurring engineering ( “ nre ” ) development costs to texas instruments based on a fee of $ 0.08 per unit for each of the first one million units shipped and $ 0.05 for the next eight million units shipped . through december 31 , 2013 , we have made total payments of $ 270,000 to texas instruments for the nn1001 controller chip . no amounts were recorded in the years ended december 31 , 2012 and 2011 because no nn1001 shipments occured during those periods . in connection with the next generation nn1002 controller chip , we are obligated to contribute $ 500,000 of nre to texas instruments based on a fee of $ 0.25 per unit for each of the first two million units shipped . the nn1002 is currently in development and has not been released to mass production . the nn1001 and nn1002 can only be sold to customers who have a technology license agreement with neonode . 19 critical accounting policies and estimates the consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the united states of america ( “ u.s . gaap ” ) and include the accounts of neonode inc. and its wholly owned subsidiaries . all inter-company accounts and transactions have been eliminated in consolidation . the consolidated balance sheet at december 31 , 2012 and the consolidated statements of operations , comprehensive loss and cash flows for the years ended december 31 , 2012 and 2011 include our accounts and those of our wholly owned subsidiary , neonode technologies ab ( sweden ) ( “ ntab ” ) . the consolidated balance sheet at december 31 , 2013 and the consolidated statements of operations , comprehensive loss and cash flows for the year ended december 31 , 2013 include our accounts and those of our wholly owned subsidiaries , ntab , neonode americas inc. ( u.s. ) ( “ nai ” ) , neonode kk ( japan ) ( “ njk ” ) , neon technology inc. ( u.s. ) ( “ nti ” ) and neno user interface solutions ab ( sweden ) ( “ nuiab ” ) . all inter-company accounts and transactions have been eliminated in consolidation . the accounting policies affecting our financial condition and results of operations are more fully described in note 2 to our consolidated financial statements . certain of our accounting policies require the application of judgment by management in selecting appropriate assumptions for calculating financial estimates , which inherently contain some degree of uncertainty . management bases its estimates on historical experience and various other assumptions that are believed to be reasonable under the circumstances . the historical experience and assumptions form the basis for making judgments about the reported carrying values of assets and liabilities and the reported amounts of revenue and expenses that may not be readily apparent from other sources . actual results may differ from these estimates under different assumptions or conditions . we believe the following are critical accounting policies and related judgments and estimates used in the preparation of our consolidated financial statements . estimates the preparation of financial statements in conformity with u.s. gaap requires making estimates and assumptions that affect , at the date of the consolidated financial statements , the reported amounts of assets and liabilities , disclosure of contingent assets and liabilities and the reported amounts of revenue and expenses . actual results could differ from these estimates . significant estimates include , but are not limited to , collectability of accounts receivable , recoverability of long-lived assets , the valuation allowance related to our deferred tax assets and the fair value of options and warrants issued for stock-based compensation . revenue recognition licensing revenues : we derive revenue from the licensing of internally developed intellectual property ( “ ip ” ) . we enter into ip licensing agreements that generally provide licensees the right to incorporate our ip components in their products with terms and conditions that vary by licensee . the ip licensing agreements generally include a nonexclusive license for the underlying ip . fees under these agreements may include license fees relating to our ip and royalties payable following the distribution by our licensees of products incorporating the licensed technology . the license for our ip has standalone value and can be used by the licensee without maintenance and support . we follow us gaap for revenue recognition as per unit royalty products are distributed or licensed by our customers . story_separator_special_tag contractual obligation and off-balance sheet arrangements we do not have any transactions , arrangements , or other relationships with unconsolidated entities that are reasonably likely to affect our liquidity or capital resources other than the operating leases incurred in the normal course of business . a summary of future minimum payments under non-cancellable operating lease commitments as of december 31 , 2013 is as follows ( in thousands ) : less than more than total 1 year 1-3 years 3-5 years 5 years operating lease obligations $ 372 $ 319 $ 53 - - we have no special purpose or limited purpose entities that provide off-balance sheet financing , liquidity , or market or credit risk support . we do not engage in leasing , hedging , research and development services , or other relationships that expose us to liability that is not reflected on the face of the consolidated financial statements . 25 liquidity and capital resources our liquidity is dependent on many factors , including sales volume , operating profit and the efficiency of asset use and turnover . our future liquidity will be affected by , among other things : · actual versus anticipated licensing of our technology ; · our actual versus anticipated operating expenses ; · the timing of our oem customer product shipments ; · the timing of payment for our technology licensing agreements ; · our actual versus anticipated gross profit margin ; · our ability to raise additional capital , if necessary ; and · our ability to secure credit facilities , if necessary . at december 31 , 2013 , we had cash of $ 8.8 million , as compared to $ 9.1 million at december 31 , 2012. working capital ( current assets less current liabilities ) was $ 6.0 million at december 31 , 2013 , compared to working capital of $ 7.7 million at december 31 , 2012. net cash used in operating activities for the year ended december 31 , 2013 of $ 8.8 million was primarily the result of ( i ) a net loss of approximately $ 13.1 million and ( ii ) approximately $ 1.5 million in net cash provided by changes in operating assets and liabilities , primarily accounts receivable and deferred revenue . cash used to fund net losses is reduced by approximately $ 2.8 million in non-cash operating expenses , mainly comprised of depreciation and amortization and stock-based compensation . accounts receivable decreased approximately $ 1.2 million at december 31 , 2013 compared with december 31 , 2012 , primarily as a result of net revenues of approximately $ 1.0 million in the fourth quarter of 2013 compared to approximately $ 2.3 million in the fourth quarter of 2012. during 2013 and 2012 , we were successful in collecting cash from sales to our customers substantially in accordance with our standard payment terms to those customers . deferred revenue increased approximately $ 0.9 million during 2013 primarily as a result of additional license technology agreements and engineering projects entered into during 2013 as compared to 2012. net cash used in operating activities for the year ended december 31 , 2012 of $ 3.7 million was primarily the result of ( i ) a net loss of approximately $ 9.3 million and ( ii ) approximately $ 1.9 million in net cash provided by changes in operating assets and liabilities , primarily accounts receivable and deferred revenue . cash used to fund net losses is reduced by approximately $ 3.6 million in non-cash operating expenses , mainly comprised of depreciation and amortization and stock-based compensation . accounts receivable decreased approximately $ 1.3 million at december 31 , 2012 compared with december 31 , 2011 , primarily as a result of net revenues of approximately $ 2.3 million in the fourth quarter of 2012 compared to approximately $ 4.0 million in the fourth quarter of 2011. during 2012 and 2011 , we were successful in collecting cash from sales to our customers substantially in accordance with our standard payment terms to those customers . deferred revenue increased approximately $ 0.8 million during 2012 primarily as a result of additional license technology agreements and engineering projects entered into during 2012 as compared to 2011. net cash used in operating activities for the year ended december 31 , 2011 of $ 3.5 million was primarily the result of ( i ) a net loss of approximately $ 17.1 million and ( ii ) approximately $ 1.6 million in net cash used by changes in operating assets and liabilities , primarily accounts receivable and deferred revenue . cash used to fund net losses is reduced by approximately $ 15.3 million in net non-cash operating expenses , mainly comprised of stock-based compensation and discounts and deferred financing fees and the valuation of conversion features and warrants . accounts receivable increased approximately $ 3.2 million at december 31 , 2011 compared with december 31 , 2010 , primarily as a result of net revenues of approximately $ 4.0 million in the fourth quarter of 2011 compared to approximately $ 81,000 in the fourth quarter of 2010. during 2011 , we were successful in collecting cash from sales to our customers substantially in accordance with our standard payment terms to those customers . 26 deferred revenue increased approximately $ 1.4 million during 2011 primarily as a result of additional license technology agreements and engineering projects entered into during 2011 as compared to 2010. in the years ended december 31 , 2013 , 2012 and 2011 , we purchased $ 155,000 , $ 310,000 and $ 114,000 , respectively of fixed assets , consisting primarily of computer software , computers and engineering equipment . net cash provided by financing activities was $ 8.7 million and was due to net proceeds of $ 1.8 million received in connection with the exercise of stock options and warrants for shares of our common stock during the year ended december 31 , 2013. in

cash flow information cash flows in foreign currencies have been converted to u.s. dollars at an approximate weighted average exchange rate for the respective reporting periods . the weighted average exchange rate for the consolidated statements of operations was 6.51 , 6.78 and 6.50 swedish krona to one u.s. dollar for the years ended december 31 , 2013 , 2012 and 2011 , respectively . the exchange rate for the consolidated balance sheets was 6.48 and 6.52 swedish krona to one u.s. dollar as of december 31 , 2013 and 2012 , respectively . the weighted-average exchange rate for the consolidated statement of operations and of comprehensive loss was 97.58 japanese yen to one u.s. dollar for the year ended december 31 , 2013. the exchange rate for the consolidated balance sheet was 105.22 japanese yen to one u.s. dollar as of december 31 , 2013. deferred revenue as of december 31 , 2013 and 2012 , we have $ 2.5 million and $ 2.1 million , respectively , of deferred license fee revenue related to prepayments for future license fees from three customers and a total of $ 1.2 million and $ 0.6 million , respectively , of deferred engineering development fees from twenty-one and thirteen customers , respectively . we defer the license fees until we have met all accounting requirements for revenue recognition as per unit royalty products are distributed or licensed by our customers and the engineering development fee revenue until such time as the engineering work has been completed and accepted by our customers .


 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 flow information cash flows in foreign currencies have been converted to u.s. dollars at an approximate weighted average exchange rate for the respective reporting periods . the weighted average exchange rate for the consolidated statements of operations was 6.51 , 6.78 and 6.50 swedish krona to one u.s. dollar for the years ended december 31 , 2013 , 2012 and 2011 , respectively . the exchange rate for the consolidated balance sheets was 6.48 and 6.52 swedish krona to one u.s. dollar as of december 31 , 2013 and 2012 , respectively . the weighted-average exchange rate for the consolidated statement of operations and of comprehensive loss was 97.58 japanese yen to one u.s. dollar for the year ended december 31 , 2013. the exchange rate for the consolidated balance sheet was 105.22 japanese yen to one u.s. dollar as of december 31 , 2013. deferred revenue as of december 31 , 2013 and 2012 , we have $ 2.5 million and $ 2.1 million , respectively , of deferred license fee revenue related to prepayments for future license fees from three customers and a total of $ 1.2 million and $ 0.6 million , respectively , of deferred engineering development fees from twenty-one and thirteen customers , respectively . we defer the license fees until we have met all accounting requirements for revenue recognition as per unit royalty products are distributed or licensed by our customers and the engineering development fee revenue until such time as the engineering work has been completed and accepted by our customers .
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 Suspicious Activity Report : the proliferation and mass market acceptance of touch technology have prompted new applications and uses for existing and new offerings , thus making the production and utilization of these modules one of the fastest growing tech segments . the typical product development and release cycle is six to thirty-six months with new customers while existing customer lead times are typically six to nine months . during the initial cycle , there are three phases : evaluation , design , and commercialization . in the evaluation phase , prospects validate our technology and may produce short runs of prototype products . during the design phase , product development and solution definition begins . this design phase tends to be the longest and delays typically occur which may extend the term of the overall cycle . in the final phase , commercialization , the customer enters into full production mode , ships products to the market and we earn license revenue . our oem and odm customers use our touch technology in controller chips we developed in collaboration with texas instruments . in connection with the first generation nn1001 controller chip , we are obligated to contribute $ 500,000 of non-recurring engineering ( “ nre ” ) development costs to texas instruments based on a fee of $ 0.08 per unit for each of the first one million units shipped and $ 0.05 for the next eight million units shipped . through december 31 , 2013 , we have made total payments of $ 270,000 to texas instruments for the nn1001 controller chip . no amounts were recorded in the years ended december 31 , 2012 and 2011 because no nn1001 shipments occured during those periods . in connection with the next generation nn1002 controller chip , we are obligated to contribute $ 500,000 of nre to texas instruments based on a fee of $ 0.25 per unit for each of the first two million units shipped . the nn1002 is currently in development and has not been released to mass production . the nn1001 and nn1002 can only be sold to customers who have a technology license agreement with neonode . 19 critical accounting policies and estimates the consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the united states of america ( “ u.s . gaap ” ) and include the accounts of neonode inc. and its wholly owned subsidiaries . all inter-company accounts and transactions have been eliminated in consolidation . the consolidated balance sheet at december 31 , 2012 and the consolidated statements of operations , comprehensive loss and cash flows for the years ended december 31 , 2012 and 2011 include our accounts and those of our wholly owned subsidiary , neonode technologies ab ( sweden ) ( “ ntab ” ) . the consolidated balance sheet at december 31 , 2013 and the consolidated statements of operations , comprehensive loss and cash flows for the year ended december 31 , 2013 include our accounts and those of our wholly owned subsidiaries , ntab , neonode americas inc. ( u.s. ) ( “ nai ” ) , neonode kk ( japan ) ( “ njk ” ) , neon technology inc. ( u.s. ) ( “ nti ” ) and neno user interface solutions ab ( sweden ) ( “ nuiab ” ) . all inter-company accounts and transactions have been eliminated in consolidation . the accounting policies affecting our financial condition and results of operations are more fully described in note 2 to our consolidated financial statements . certain of our accounting policies require the application of judgment by management in selecting appropriate assumptions for calculating financial estimates , which inherently contain some degree of uncertainty . management bases its estimates on historical experience and various other assumptions that are believed to be reasonable under the circumstances . the historical experience and assumptions form the basis for making judgments about the reported carrying values of assets and liabilities and the reported amounts of revenue and expenses that may not be readily apparent from other sources . actual results may differ from these estimates under different assumptions or conditions . we believe the following are critical accounting policies and related judgments and estimates used in the preparation of our consolidated financial statements . estimates the preparation of financial statements in conformity with u.s. gaap requires making estimates and assumptions that affect , at the date of the consolidated financial statements , the reported amounts of assets and liabilities , disclosure of contingent assets and liabilities and the reported amounts of revenue and expenses . actual results could differ from these estimates . significant estimates include , but are not limited to , collectability of accounts receivable , recoverability of long-lived assets , the valuation allowance related to our deferred tax assets and the fair value of options and warrants issued for stock-based compensation . revenue recognition licensing revenues : we derive revenue from the licensing of internally developed intellectual property ( “ ip ” ) . we enter into ip licensing agreements that generally provide licensees the right to incorporate our ip components in their products with terms and conditions that vary by licensee . the ip licensing agreements generally include a nonexclusive license for the underlying ip . fees under these agreements may include license fees relating to our ip and royalties payable following the distribution by our licensees of products incorporating the licensed technology . the license for our ip has standalone value and can be used by the licensee without maintenance and support . we follow us gaap for revenue recognition as per unit royalty products are distributed or licensed by our customers . story_separator_special_tag contractual obligation and off-balance sheet arrangements we do not have any transactions , arrangements , or other relationships with unconsolidated entities that are reasonably likely to affect our liquidity or capital resources other than the operating leases incurred in the normal course of business . a summary of future minimum payments under non-cancellable operating lease commitments as of december 31 , 2013 is as follows ( in thousands ) : less than more than total 1 year 1-3 years 3-5 years 5 years operating lease obligations $ 372 $ 319 $ 53 - - we have no special purpose or limited purpose entities that provide off-balance sheet financing , liquidity , or market or credit risk support . we do not engage in leasing , hedging , research and development services , or other relationships that expose us to liability that is not reflected on the face of the consolidated financial statements . 25 liquidity and capital resources our liquidity is dependent on many factors , including sales volume , operating profit and the efficiency of asset use and turnover . our future liquidity will be affected by , among other things : · actual versus anticipated licensing of our technology ; · our actual versus anticipated operating expenses ; · the timing of our oem customer product shipments ; · the timing of payment for our technology licensing agreements ; · our actual versus anticipated gross profit margin ; · our ability to raise additional capital , if necessary ; and · our ability to secure credit facilities , if necessary . at december 31 , 2013 , we had cash of $ 8.8 million , as compared to $ 9.1 million at december 31 , 2012. working capital ( current assets less current liabilities ) was $ 6.0 million at december 31 , 2013 , compared to working capital of $ 7.7 million at december 31 , 2012. net cash used in operating activities for the year ended december 31 , 2013 of $ 8.8 million was primarily the result of ( i ) a net loss of approximately $ 13.1 million and ( ii ) approximately $ 1.5 million in net cash provided by changes in operating assets and liabilities , primarily accounts receivable and deferred revenue . cash used to fund net losses is reduced by approximately $ 2.8 million in non-cash operating expenses , mainly comprised of depreciation and amortization and stock-based compensation . accounts receivable decreased approximately $ 1.2 million at december 31 , 2013 compared with december 31 , 2012 , primarily as a result of net revenues of approximately $ 1.0 million in the fourth quarter of 2013 compared to approximately $ 2.3 million in the fourth quarter of 2012. during 2013 and 2012 , we were successful in collecting cash from sales to our customers substantially in accordance with our standard payment terms to those customers . deferred revenue increased approximately $ 0.9 million during 2013 primarily as a result of additional license technology agreements and engineering projects entered into during 2013 as compared to 2012. net cash used in operating activities for the year ended december 31 , 2012 of $ 3.7 million was primarily the result of ( i ) a net loss of approximately $ 9.3 million and ( ii ) approximately $ 1.9 million in net cash provided by changes in operating assets and liabilities , primarily accounts receivable and deferred revenue . cash used to fund net losses is reduced by approximately $ 3.6 million in non-cash operating expenses , mainly comprised of depreciation and amortization and stock-based compensation . accounts receivable decreased approximately $ 1.3 million at december 31 , 2012 compared with december 31 , 2011 , primarily as a result of net revenues of approximately $ 2.3 million in the fourth quarter of 2012 compared to approximately $ 4.0 million in the fourth quarter of 2011. during 2012 and 2011 , we were successful in collecting cash from sales to our customers substantially in accordance with our standard payment terms to those customers . deferred revenue increased approximately $ 0.8 million during 2012 primarily as a result of additional license technology agreements and engineering projects entered into during 2012 as compared to 2011. net cash used in operating activities for the year ended december 31 , 2011 of $ 3.5 million was primarily the result of ( i ) a net loss of approximately $ 17.1 million and ( ii ) approximately $ 1.6 million in net cash used by changes in operating assets and liabilities , primarily accounts receivable and deferred revenue . cash used to fund net losses is reduced by approximately $ 15.3 million in net non-cash operating expenses , mainly comprised of stock-based compensation and discounts and deferred financing fees and the valuation of conversion features and warrants . accounts receivable increased approximately $ 3.2 million at december 31 , 2011 compared with december 31 , 2010 , primarily as a result of net revenues of approximately $ 4.0 million in the fourth quarter of 2011 compared to approximately $ 81,000 in the fourth quarter of 2010. during 2011 , we were successful in collecting cash from sales to our customers substantially in accordance with our standard payment terms to those customers . 26 deferred revenue increased approximately $ 1.4 million during 2011 primarily as a result of additional license technology agreements and engineering projects entered into during 2011 as compared to 2010. in the years ended december 31 , 2013 , 2012 and 2011 , we purchased $ 155,000 , $ 310,000 and $ 114,000 , respectively of fixed assets , consisting primarily of computer software , computers and engineering equipment . net cash provided by financing activities was $ 8.7 million and was due to net proceeds of $ 1.8 million received in connection with the exercise of stock options and warrants for shares of our common stock during the year ended december 31 , 2013. in

