rlje ltd manages our british drama co-productions , including foyle 's war , which is one of our most successful acorn television series , and the intellectual property rights owned by acl including all the tv/film and publishing revenues associated with those rights . acl is home to some of the world 's greatest works of mystery fiction , including murder on the orient express and death on the nile and includes all development rights to iconic sleuths such as hercule poirot and miss marple . the agatha christie library includes approximately 80 novels and short story collections , 19 plays and a film library of over 100 made-for-television films . in 2013 , acl commissioned a new writer to expand the agatha christie library content , and in the third quarter of 2014 , acl published its first book , the monogram murders , since the death of agatha christie . 32 our wholesale partners are broadcasters , digital outlets and major retailers in the u.s. , canada , united kingdom and australia , including , among others : directv , showtime , bet , pbs , netflix , amazon , hulu , walmart , target , costco , barnes & noble , hmv and itunes . we work closely with our wholesale partners to outline and implement release and promotional campaigns customized to the different audiences we serve and the program genres we exploit . our direct-to-consumer segment includes our proprietary svod channels , which are acorn tv , acacia tv and umc , and the sale of video content and complementary merchandise directly to consumers through proprietary e-commerce websites and mail-order catalogs . as of december 31 , 2014 , acorn tv had over 118,000 paying subscribers . in late 2014 , we launched our urban content svod channel , umc . in response to the strategic opportunity brought by the convergence of television and the internet , we expect to continue to invest in more exclusive and appealing content programming , greater marketing support and an expanded it infra-structure for our svod channels . we also plan to develop other audience-based , premium svod channels based on our existing content library . rlje 's management views our operations based on these three distinctive reporting segments : ( 1 ) ip licensing ; ( 2 ) wholesale ; and ( 3 ) direct-to-consumer . operations and net assets that are not associated with any of these stated segments are reported as “ corporate ” when disclosing and discussing segment information . the ip licensing segment includes intellectual property rights that we own or create and then sublicense for exploitation worldwide . our wholesale and direct-to-consumer segments consist of the acquisition , content enhancement and worldwide exploitation of exclusive content in various formats , including broadcast , dvd and blu-ray , and digital ( which include vod , svod , streaming , and downloading ) . we also sublicense certain distribution rights to others to cover territories outside the u.s. , the u.k. , and australia . the wholesale segment exploits content through third-party vendors such as directv , showtime , bet , netflix , amazon , walmart , best buy , target and costco , while the direct-to-consumer segment exploits the same content and complementary merchandise directly to consumers through our proprietary e-commerce websites , mail-order catalogs and digitally streaming channels . revenue sources net revenues by reporting segment as a percentage of total net revenues for the periods presented are as follows : replace_table_token_7_th ( 1 ) reported net revenues exclude revenues generated by our 64 % owned subsidiary , acl , which is accounted for under the equity method of accounting . 33 revenues by geographical area as a percent of the total revenues are as follows : replace_table_token_8_th wholesale segment dvd and blu-ray our primary source of revenues within the wholesale segment continues to be from the exploitation of exclusive content on dvd and blu-ray through third-party vendors such as walmart , best buy , target costco , and amazon . digital , vod and broadcast revenues derived from digital and broadcast exploitation of our content continue to rapidly grow as a percentage of revenues . net revenues derived from digital , vod , third-party svod and broadcast exploitation account for approximately 30.3 % of the segment 's revenues in 2014 versus 23.4 % in 2013. this is consistent with consumer adoption trends . as retailers continue to offer consumer-friendly devices that make access to these on-demand services easier , including allowing consumption on portable devices such as smartphones and tablets , we believe we are well-positioned to capture business in this growing distribution channel . other licensing we continue our efforts to acquire more programming with international rights . our key sublicensing partners , which cover territories outside the u.s. , the u.k. and australia , are with universal music group international , bet international , warner music australia , itv studios , british broadcasting corporation ( or bbc ) and universal pictures australia . to date , most of the feature films we have acquired do not include rights outside of north america . however , given our presence in the united kingdom and australia , we are focusing our efforts to acquire more programming in all english-language markets . when appropriate , we now seek the greatest variety of distribution rights regarding acquired content in the greatest variety of formats . we believe that this will allow us to further diversify revenue streams . direct-to-consumer segment our direct-to-consumer businesses are primarily in the u.s. and u.k. and comprise approximately one-fourth of our overall revenue base . non-video revenues include the sale of retail merchandise such as attire for women and men , home furnishings and decorator items and collectables . story_separator_special_tag not all companies calculate adjusted ebitda in the same manner and the measure as presented may not be comparable to similarly-titled measures presented by other companies . the following table includes the reconciliation of our consolidated u.s. gaap net loss to our consolidated adjusted ebitda : replace_table_token_13_th adjusted ebitda includes the impact of $ ( 3.0 ) million and $ 442,000 for 2014 and 2013 , respectively , from the terminated output deal . a reconciliation of adjusted ebitda to our net increase ( decrease ) in cash as reported in our consolidated statements of cash flows is as follows : replace_table_token_14_th balance sheet analysis assets total assets at december 31 , 2014 and 2013 , were $ 192.1 million and $ 220.3 million , respectively . the decline of $ 28.2 million in assets is mostly attributed to a decline in investments in content of $ 14.1 million , which is due to the amortization from the business combination 's fair value adjustments of $ 7.7 million and impairments $ 4.8 million , amortization of intangible assets of $ 4.8 million and a decline in our equity investment in acl of $ 3.0 million . the decline in our equity investment is due to a combination of dividends paid of $ 4.0 million being greater than our portion of net income from acl of $ 2.6 million and a weakening pound compared to the dollar . 41 a summary of assets by segment is as follows : replace_table_token_15_th liabilities and equity the decline of liabilities and equity of $ 28.2 million is mostly attributed to the net loss of $ 21.2 million for the year ended december 31 , 2014 , a decline in our accounts payable and accrued liabilities of $ 7.8 million and a decrease in our warrant liability of $ 3.5 million . these decreases are partially offset by an increase in our debt of $ 4.6 million . liquidity and capital resources liquidity a summary of our cash flow activities is as follows : replace_table_token_16_th at december 31 , 2014 and 2013 , our cash and cash equivalents were approximately $ 6.7 million and $ 7.7 million , respectively . during the year ended december 31 , 2014 , our cash position was impacted by the following : § we incurred a net use of cash of $ 1.6 million resulting from our operating activities . the net use of cash was largely attributable to management 's use of cash to pay off vendor trade payables and invest in content during a period of relative lower revenues and content amortization . during the year ended december 31 , 2014 , we paid approximately $ 7.8 million of vendor trade payables . the legacy image business had significant short-term vendor debts , which were past due and which we are in the process of paying off by making increased cash payments or modifying payment terms in the short term . bringing our vendor trade payables current continues to constrain our liquidity . § our quarterly results are typically affected by : ( a ) the timing and release dates of key productions , ( b ) the seasonality of our wholesale and direct-to-consumer business which are 32 – 35 % weighted to the 4 th quarter and ( c ) we generally invest more cash on content during the first half of the year . 42 the aggregate cash used in operating activities during the year ended december 31 , 2014 was provided by our cash reserves as of december 31 , 2013 and cash provided by our investing activities . for the year ended december 31 , 2014 , significant factors affecting cash provided by or used in our investing and financing activities were : § dividends received from acl ( $ 4.0 million ) ; § debt borrowing to finance the production of foyle 's war 9 ( $ 9.9 million ) , less repayments under the production facility ( $ 11.2 million ) ; § repayment of senior debt and revolving credit facility ( $ 63.8 million ) , offset by borrowings under the new credit agreement less deferred financing costs incurred ( $ 63.8 million ) ; and § capital expenditures of $ 1.7 million . based upon the payment terms of the new credit agreement entered into on september 11 , 2014 , we expect to have improved liquidity of approximately $ 15.0 million through december 31 , 2015 from the reduced future debt service requirements . prior to entering into the new credit agreement , we had curtailed our non-foyle 's war content spending in 2014 to make our principal payments on the prior credit facility . our new credit agreement is expected to provide increased liquidity primarily through the reduction of near-term future principal payments . the expected cash flow improvement will assist the company in addressing legacy past due payables and other operating investments that have been deferred , which include providing capital for the launching of additional digital svod channels . as of march 31 , 2015 , we were not in compliance with our minimum cash balance requirement of $ 3.5 million within our credit agreement . this default was waived by our lenders on april 15 , 2015. we continue to experience liquidity constraints , and we are dependent upon growth in sales and margins to meet our liquidity needs and our debt covenants for the next twelve months . on april 15 , 2015 , we amended our credit agreement to increase the likelihood that we will meet our future covenant requirements and amended our subordinated notes to reduce the applicable interest rate for two years . we also improved our liquidity by selling on april 15 , 2015 15,000 shares of bridge preferred stock for $ 15.0 million , which stock is anticipated to be exchanged for convertible preferred stock . the proceeds were used to make an accelerated principal payment of $

cash as of december 31 , 2014 , we had cash of $ 6.7 million , as compared to $ 7.7 million as of december 31 , 2013. new credit agreement on september 11 , 2014 , we entered into a $ 70.0 million credit and guaranty agreement ( the “ credit agreement ” ) with a syndicate of lenders led by mclarty capital partners , as administrative agent . the credit agreement consists of a term loan totaling $ 70.0 million with a final maturity of five years , at an interest rate equal to ( a ) libor plus 10.64 % for so long as the unpaid principal amount of the credit agreement is greater than $ 65.0 million , and ( b ) libor plus 9.9 % thereafter with a floor of 0.25 % for libor . the quarterly principal amortization is 3.5 % for the first two years , 5.0 % for the third year and 7.5 % for the remaining term with any unpaid principal balance due at maturity . the obligations under the credit agreement are secured by a lien on substantially all of our consolidated assets pursuant to the pledge and security agreement , dated as of september 11 , 2014. under the new credit agreement , interest and principal is payable quarterly with principal payments beginning on december 31 , 2014. initial quarterly principal payments are $ 613,000 through 2016 , then increases to $ 875,000 through june 2017 , and thereafter are $ 1.3 million . beginning in 2016 , we are obligated to make certain accelerated principal payments annually which are contingent upon : ( 1 ) the occurrence of consolidated excess cash flows , as defined in the credit agreement , and ( 2 ) only to the extent at which such excess cash flows are above our minimum cash threshold of $ 12.0 million . we are permitted to make additional voluntary principal payments under the credit agreement , but prepayments are subject to an applicable prepayment premium of : ( a ) 5 % if prepaid during the first year , ( b ) 3 % if prepaid during the second year , and ( c ) 1.5 % if prepaid during the third year .


 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 as of december 31 , 2014 , we had cash of $ 6.7 million , as compared to $ 7.7 million as of december 31 , 2013. new credit agreement on september 11 , 2014 , we entered into a $ 70.0 million credit and guaranty agreement ( the “ credit agreement ” ) with a syndicate of lenders led by mclarty capital partners , as administrative agent . the credit agreement consists of a term loan totaling $ 70.0 million with a final maturity of five years , at an interest rate equal to ( a ) libor plus 10.64 % for so long as the unpaid principal amount of the credit agreement is greater than $ 65.0 million , and ( b ) libor plus 9.9 % thereafter with a floor of 0.25 % for libor . the quarterly principal amortization is 3.5 % for the first two years , 5.0 % for the third year and 7.5 % for the remaining term with any unpaid principal balance due at maturity . the obligations under the credit agreement are secured by a lien on substantially all of our consolidated assets pursuant to the pledge and security agreement , dated as of september 11 , 2014. under the new credit agreement , interest and principal is payable quarterly with principal payments beginning on december 31 , 2014. initial quarterly principal payments are $ 613,000 through 2016 , then increases to $ 875,000 through june 2017 , and thereafter are $ 1.3 million . beginning in 2016 , we are obligated to make certain accelerated principal payments annually which are contingent upon : ( 1 ) the occurrence of consolidated excess cash flows , as defined in the credit agreement , and ( 2 ) only to the extent at which such excess cash flows are above our minimum cash threshold of $ 12.0 million . we are permitted to make additional voluntary principal payments under the credit agreement , but prepayments are subject to an applicable prepayment premium of : ( a ) 5 % if prepaid during the first year , ( b ) 3 % if prepaid during the second year , and ( c ) 1.5 % if prepaid during the third year .
```    
 Suspicious Activity Report : rlje ltd manages our british drama co-productions , including foyle 's war , which is one of our most successful acorn television series , and the intellectual property rights owned by acl including all the tv/film and publishing revenues associated with those rights . acl is home to some of the world 's greatest works of mystery fiction , including murder on the orient express and death on the nile and includes all development rights to iconic sleuths such as hercule poirot and miss marple . the agatha christie library includes approximately 80 novels and short story collections , 19 plays and a film library of over 100 made-for-television films . in 2013 , acl commissioned a new writer to expand the agatha christie library content , and in the third quarter of 2014 , acl published its first book , the monogram murders , since the death of agatha christie . 32 our wholesale partners are broadcasters , digital outlets and major retailers in the u.s. , canada , united kingdom and australia , including , among others : directv , showtime , bet , pbs , netflix , amazon , hulu , walmart , target , costco , barnes & noble , hmv and itunes . we work closely with our wholesale partners to outline and implement release and promotional campaigns customized to the different audiences we serve and the program genres we exploit . our direct-to-consumer segment includes our proprietary svod channels , which are acorn tv , acacia tv and umc , and the sale of video content and complementary merchandise directly to consumers through proprietary e-commerce websites and mail-order catalogs . as of december 31 , 2014 , acorn tv had over 118,000 paying subscribers . in late 2014 , we launched our urban content svod channel , umc . in response to the strategic opportunity brought by the convergence of television and the internet , we expect to continue to invest in more exclusive and appealing content programming , greater marketing support and an expanded it infra-structure for our svod channels . we also plan to develop other audience-based , premium svod channels based on our existing content library . rlje 's management views our operations based on these three distinctive reporting segments : ( 1 ) ip licensing ; ( 2 ) wholesale ; and ( 3 ) direct-to-consumer . operations and net assets that are not associated with any of these stated segments are reported as “ corporate ” when disclosing and discussing segment information . the ip licensing segment includes intellectual property rights that we own or create and then sublicense for exploitation worldwide . our wholesale and direct-to-consumer segments consist of the acquisition , content enhancement and worldwide exploitation of exclusive content in various formats , including broadcast , dvd and blu-ray , and digital ( which include vod , svod , streaming , and downloading ) . we also sublicense certain distribution rights to others to cover territories outside the u.s. , the u.k. , and australia . the wholesale segment exploits content through third-party vendors such as directv , showtime , bet , netflix , amazon , walmart , best buy , target and costco , while the direct-to-consumer segment exploits the same content and complementary merchandise directly to consumers through our proprietary e-commerce websites , mail-order catalogs and digitally streaming channels . revenue sources net revenues by reporting segment as a percentage of total net revenues for the periods presented are as follows : replace_table_token_7_th ( 1 ) reported net revenues exclude revenues generated by our 64 % owned subsidiary , acl , which is accounted for under the equity method of accounting . 33 revenues by geographical area as a percent of the total revenues are as follows : replace_table_token_8_th wholesale segment dvd and blu-ray our primary source of revenues within the wholesale segment continues to be from the exploitation of exclusive content on dvd and blu-ray through third-party vendors such as walmart , best buy , target costco , and amazon . digital , vod and broadcast revenues derived from digital and broadcast exploitation of our content continue to rapidly grow as a percentage of revenues . net revenues derived from digital , vod , third-party svod and broadcast exploitation account for approximately 30.3 % of the segment 's revenues in 2014 versus 23.4 % in 2013. this is consistent with consumer adoption trends . as retailers continue to offer consumer-friendly devices that make access to these on-demand services easier , including allowing consumption on portable devices such as smartphones and tablets , we believe we are well-positioned to capture business in this growing distribution channel . other licensing we continue our efforts to acquire more programming with international rights . our key sublicensing partners , which cover territories outside the u.s. , the u.k. and australia , are with universal music group international , bet international , warner music australia , itv studios , british broadcasting corporation ( or bbc ) and universal pictures australia . to date , most of the feature films we have acquired do not include rights outside of north america . however , given our presence in the united kingdom and australia , we are focusing our efforts to acquire more programming in all english-language markets . when appropriate , we now seek the greatest variety of distribution rights regarding acquired content in the greatest variety of formats . we believe that this will allow us to further diversify revenue streams . direct-to-consumer segment our direct-to-consumer businesses are primarily in the u.s. and u.k. and comprise approximately one-fourth of our overall revenue base . non-video revenues include the sale of retail merchandise such as attire for women and men , home furnishings and decorator items and collectables . story_separator_special_tag not all companies calculate adjusted ebitda in the same manner and the measure as presented may not be comparable to similarly-titled measures presented by other companies . the following table includes the reconciliation of our consolidated u.s. gaap net loss to our consolidated adjusted ebitda : replace_table_token_13_th adjusted ebitda includes the impact of $ ( 3.0 ) million and $ 442,000 for 2014 and 2013 , respectively , from the terminated output deal . a reconciliation of adjusted ebitda to our net increase ( decrease ) in cash as reported in our consolidated statements of cash flows is as follows : replace_table_token_14_th balance sheet analysis assets total assets at december 31 , 2014 and 2013 , were $ 192.1 million and $ 220.3 million , respectively . the decline of $ 28.2 million in assets is mostly attributed to a decline in investments in content of $ 14.1 million , which is due to the amortization from the business combination 's fair value adjustments of $ 7.7 million and impairments $ 4.8 million , amortization of intangible assets of $ 4.8 million and a decline in our equity investment in acl of $ 3.0 million . the decline in our equity investment is due to a combination of dividends paid of $ 4.0 million being greater than our portion of net income from acl of $ 2.6 million and a weakening pound compared to the dollar . 41 a summary of assets by segment is as follows : replace_table_token_15_th liabilities and equity the decline of liabilities and equity of $ 28.2 million is mostly attributed to the net loss of $ 21.2 million for the year ended december 31 , 2014 , a decline in our accounts payable and accrued liabilities of $ 7.8 million and a decrease in our warrant liability of $ 3.5 million . these decreases are partially offset by an increase in our debt of $ 4.6 million . liquidity and capital resources liquidity a summary of our cash flow activities is as follows : replace_table_token_16_th at december 31 , 2014 and 2013 , our cash and cash equivalents were approximately $ 6.7 million and $ 7.7 million , respectively . during the year ended december 31 , 2014 , our cash position was impacted by the following : § we incurred a net use of cash of $ 1.6 million resulting from our operating activities . the net use of cash was largely attributable to management 's use of cash to pay off vendor trade payables and invest in content during a period of relative lower revenues and content amortization . during the year ended december 31 , 2014 , we paid approximately $ 7.8 million of vendor trade payables . the legacy image business had significant short-term vendor debts , which were past due and which we are in the process of paying off by making increased cash payments or modifying payment terms in the short term . bringing our vendor trade payables current continues to constrain our liquidity . § our quarterly results are typically affected by : ( a ) the timing and release dates of key productions , ( b ) the seasonality of our wholesale and direct-to-consumer business which are 32 – 35 % weighted to the 4 th quarter and ( c ) we generally invest more cash on content during the first half of the year . 42 the aggregate cash used in operating activities during the year ended december 31 , 2014 was provided by our cash reserves as of december 31 , 2013 and cash provided by our investing activities . for the year ended december 31 , 2014 , significant factors affecting cash provided by or used in our investing and financing activities were : § dividends received from acl ( $ 4.0 million ) ; § debt borrowing to finance the production of foyle 's war 9 ( $ 9.9 million ) , less repayments under the production facility ( $ 11.2 million ) ; § repayment of senior debt and revolving credit facility ( $ 63.8 million ) , offset by borrowings under the new credit agreement less deferred financing costs incurred ( $ 63.8 million ) ; and § capital expenditures of $ 1.7 million . based upon the payment terms of the new credit agreement entered into on september 11 , 2014 , we expect to have improved liquidity of approximately $ 15.0 million through december 31 , 2015 from the reduced future debt service requirements . prior to entering into the new credit agreement , we had curtailed our non-foyle 's war content spending in 2014 to make our principal payments on the prior credit facility . our new credit agreement is expected to provide increased liquidity primarily through the reduction of near-term future principal payments . the expected cash flow improvement will assist the company in addressing legacy past due payables and other operating investments that have been deferred , which include providing capital for the launching of additional digital svod channels . as of march 31 , 2015 , we were not in compliance with our minimum cash balance requirement of $ 3.5 million within our credit agreement . this default was waived by our lenders on april 15 , 2015. we continue to experience liquidity constraints , and we are dependent upon growth in sales and margins to meet our liquidity needs and our debt covenants for the next twelve months . on april 15 , 2015 , we amended our credit agreement to increase the likelihood that we will meet our future covenant requirements and amended our subordinated notes to reduce the applicable interest rate for two years . we also improved our liquidity by selling on april 15 , 2015 15,000 shares of bridge preferred stock for $ 15.0 million , which stock is anticipated to be exchanged for convertible preferred stock . the proceeds were used to make an accelerated principal payment of $

