once the project is substantially complete and ready for its intended use these costs are amortized on a straight-line basis over the technology 's estimated useful life of three years . we have begun to amortize capitalized development costs in may 2016. for the year ended september 30 , 2017 and september 30 , 2016 amortization expense related to capitalized software development costs were $ 22,700 and $ 12,611 respectively and the accumulated amortization was $ 35,311 and $ 12,611 respectively . intangible assets intangible assets with finite lives primarily consist of licensed technology and are amortized on a straight-line basis over the expected period to be benefited by future cash flows of two years and reviewed for impairment . for the year ended september 30 , 2017 and september 30 , 2016 amortization expense related to licensed technology were $ 7,917 and $ 0 respectively and the accumulated amortization was $ 7,917 and $ 0 respectively . impairment of long-lived assets in accordance with asc topic 360 , the company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable , or at least annually . the company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset . the amount of impairment is measured as the difference between the asset 's estimated fair value and its book value . the company reviews intangible assets for impairment whenever events or changes in circumstances indicate that the carrying value of assets may not be recoverable , as a result during the year ended september 30 , 2017 , we recorded a non-cash impairment charge of $ 85,572 ( which consisted of a $ 128,800 cost less accumulated amortization of $ 43,228 ) , associated with our software development costs . these charges are included in the statements of operations . - 16 - revenue recognition we recognize revenue when persuasive evidence of a sale arrangement exists , services have been rendered , the sales price is fixed and determinable and collectability is reasonably assured . revenues consists of fees generated through the electronic processing of payment transactions and related services , and is recognized as revenue during the period the transactions are processed or when the related services are performed . merchants may be charged for these processing services at a bundled rate based on a percentage of the dollar amount of each transaction and , in some instances , additional fees are charged for each transaction . merchant customers are generally charged a flat fee per transaction , while others may also be charged miscellaneous fees , including fees for chargebacks or returns , monthly minimums , and other miscellaneous services . revenues also includes any up-front fees for the work involved in implementing the basic functionality required to provide electronic payment processing services to a customer . revenue from such implementation fees is recognized over the term of the related service contract . our revenue is comprised of monthly recurring services provided to customers , for whom charges are contracted for over a specified period of time . payments received from customers that are related to future periods are recorded as deferred revenue until the service is provided . stock-based compensation stock-based compensation is accounted for based on the requirements of the asc 718 , share-based payment , which requires recognition in the financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award ( presumptively , the vesting period ) . the financial accounting standards board ( “ fasb ” ) also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award . pursuant to asc topic 505-50 , for share-based payments to consultants and other third-parties , compensation expense is determined at the “ measurement date . ” the expense is recognized over the vesting period of the award . until the measurement date is reached , the total amount of compensation expense remains uncertain . we record compensation expense based on the fair value of the award at the reporting date . - 17 - recent accounting pronouncements in may 2014 , the fasb issued accounting standards update no . 2014-09 , “ revenue from contracts with customers ( topic 606 ) , ” ( “ asu 2014-09 ” ) . asu 2014-09 outlines a new , single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance , including industry-specific guidance . this new revenue recognition model provides a five-step analysis in determining when and how revenue is recognized . the new model will require revenue recognition to depict the transfer of promised goods or services to customers in an amount that reflects the consideration a company expects to receive in exchange for those goods or services . asu 2014-09 is effective for public entities for annual reporting periods beginning after december 15 , 2016 and interim periods within those periods . early adoption is not permitted . the fasb has approved a one-year deferral of the effective date with the option to early adopt using the original effective date . entities may use either a full retrospective or a modified retrospective approach to adopt asu 2014-09. in december 2016 , the fasb issued accounting standards update no . 2016-20 , technical corrections and improvements to topic 606 , revenue from contracts with customers , or asu 2016-20. in may 2016 , the fasb issued accounting standards update no . story_separator_special_tag cost of revenues for the year ended september 30 , 2017 , we had $ 29,527 in cost of revenues as compared to $ 21,813 for the year ended september 30 , 2016 , an increase of $ 7,714. cost of revenues increased primarily due to an increase in hosting and software maintenance fees , operating expenses for the year ended september 30 , 2017 , we incurred $ 5,049,196 in operating expenses as compared to $ 144,701 for the year ended september 30 , 2016 , an increase of $ 4,904,495. operating expenses consisted of the following : replace_table_token_0_th operating expenses increased primarily due to · for the year ended september 30 , 2017 , we had an increase in compensation of $ 3,043,350 , primarily due to stock based compensation to our directors and ceo for $ 3,045,000 . · we had an increase in professional fees of $ 1,754,498 , primarily due to an increase in consulting fees of $ 1,622,700 from stock based compensation , increase in investor relations fees of $ 99,100 , primarily due to stock based consulting fees of $ 51,000 , an increase in accounting and audit fees of $ 14,635 , due to the hiring of an accounting consultant , an increase in fees incurred to become a trading company of $ 12,000 , offset by a decrease in legal fees of $ 6,948 . · we had an increase in amortization of development costs of $ 10,089 . · we had an increase in amortization of intangible assets of $ 7,917 , which we started to amortize in may , 2017 . · we recorded of an impairment charge of $ 85,572 related to software development cost and intangible assets . - 20 - loss from operations for the year ended september 30 , 2017 , we incurred a loss from operations of $ 5,050,684 as compared to $ 138,929 for the year ended september 30 , 2016 , an increase of $ 4,911,755. the increase of $ 4,911,755 , was resulting from the discussion above . since inception , our business activity has focused on the development of our corporate entity , business plan , marketing strategy , contact development , website design and product design , and development of our payment gateway called “ clickdirectpay ” . other expenses for the year september 30 , 2017 , we incurred total other expense of $ 1,151 as compared to other expense of $ 3,534 , a decrease of $ 2,383 for the year ended september 30 , 2017. the decrease in other expenses was related to the recording of a loss on sale of marketable securities of $ 1,693 during the year ended september 30 , 2017 as compared to a loss of $ 2,445 for year ended september 30 , 2016. net loss for the year ended september 30 , 2017 , we incurred a net loss of $ 5,051,835 or $ ( 0.10 ) per common share as compared to $ 142,463 or $ ( 0.00 ) per common share for the year ended september 30 , 2016 , an increase of $ 4,909,372 , resulting from the discussion above . unrealized loss on available-for-sale marketable securities for the year september 30 , 2017 , we incurred an unrealized gain on available-for-sale marketable securities of $ 2,011 as compared to an unrealized ( loss ) of ( $ 1,115 ) for the year ended september 30 , 2016 , an increase of $ 3,126 related to our marketable securities that we invested during fiscal 2017. comprehensive loss for the year ended september 30 , 2017 , we incurred a comprehensive loss of $ 5,049,824 as compared to $ 143,578 for the year ended september 30 , 2016 , an increase of $ 4,906,246 resulting from the discussion above . liquidity , capital resources , and off-balance sheet arrangements liquidity is the ability of an enterprise to generate adequate amounts of cash to meet its needs for cash requirements . we had working capital of $ 262 and $ 12,694 of cash at september 30 , 2017 and working capital of $ 15,189 and $ 34,572 of cash at september 30 , 2016. cash flows for the year ended september 30 , 2017 compared to the year ended september 30 , 2016 net cash flow used in operating activities was $ 147,156 for the year ended september 30 , 2017 as compared to $ 69,559 for the year ended september 30 , 2016 , an increase of $ 77,597 . ● net cash flow used in operating activities for the year ended september 30 , 2017 primarily reflected a net loss of $ 5,051,835 and the add-back of non-cash items consisting of stock-based compensation of $ 4,779,950 , amortization of software development costs and intangible asset of $ 30,617 , a non-cash asset impairment charge of $ 85,572 and a loss on sale of marketable securities of $ 1,693 , offset by changes in operating assets and liabilities of $ 6,847 primarily related to an increase in prepaid expenses of $ 4,167 offset by an increase in accounts payable of $ 18,532. during the year ended september 30 , 2017 , cash used in operating activities primarily consisted of payments of professional fees . ● net cash flow used in operating activities for the year ended september 30 , 2016 primarily reflected a net loss of $ 142,463 and the addback of noncash items consisting of stock-based compensation of $ 45,150 , amortization of development costs of $ 12,611 , and a loss on sale of marketable securities of $ 2,445 , and changes in operating assets and liabilities of $ 12.698. during the year ended september 30 , 2016 , cash used in operating activities primarily consisted of payments of professional fees . - 21 - net cash flow provided by investing activities was $ 10,020 for the year ended september 30 , 2017 as compared to

cash requirements our management does not believe that our current capital resources will be adequate to continue operating our company and maintaining our business strategy for much more than 12 months . at the date hereof , we have minimal cash at hand . we require additional capital to implement our business and fund our operations . between october 2016 and march 2017 , we issued 571,900 of shares of common stock for cash of $ 115,258. on october 10 , 2017 , the company issued a 12 % convertible promissory note for principal borrowings of $ 160,000 to a non-related party . the 12 % convertible promissory note and all accrued interest are due on july 10 , 2018. the company received proceeds of $ 143,250 in cash which is net of offering costs of $ 16,750. the note is unsecured and bears interest at the rate of 12 % per annum from the issuance date thereof until the note is paid . the company paid original issuance cost of $ 16,750 in connection with this note payable which will be recorded at a discount and amortized over the term of the note . since inception we have funded our operations primarily through equity financings and we expect that wewill continue to fund our operations through the equity and debt financing , either alone or through strategic alliances .


 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 requirements our management does not believe that our current capital resources will be adequate to continue operating our company and maintaining our business strategy for much more than 12 months . at the date hereof , we have minimal cash at hand . we require additional capital to implement our business and fund our operations . between october 2016 and march 2017 , we issued 571,900 of shares of common stock for cash of $ 115,258. on october 10 , 2017 , the company issued a 12 % convertible promissory note for principal borrowings of $ 160,000 to a non-related party . the 12 % convertible promissory note and all accrued interest are due on july 10 , 2018. the company received proceeds of $ 143,250 in cash which is net of offering costs of $ 16,750. the note is unsecured and bears interest at the rate of 12 % per annum from the issuance date thereof until the note is paid . the company paid original issuance cost of $ 16,750 in connection with this note payable which will be recorded at a discount and amortized over the term of the note . since inception we have funded our operations primarily through equity financings and we expect that wewill continue to fund our operations through the equity and debt financing , either alone or through strategic alliances .
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 Suspicious Activity Report : once the project is substantially complete and ready for its intended use these costs are amortized on a straight-line basis over the technology 's estimated useful life of three years . we have begun to amortize capitalized development costs in may 2016. for the year ended september 30 , 2017 and september 30 , 2016 amortization expense related to capitalized software development costs were $ 22,700 and $ 12,611 respectively and the accumulated amortization was $ 35,311 and $ 12,611 respectively . intangible assets intangible assets with finite lives primarily consist of licensed technology and are amortized on a straight-line basis over the expected period to be benefited by future cash flows of two years and reviewed for impairment . for the year ended september 30 , 2017 and september 30 , 2016 amortization expense related to licensed technology were $ 7,917 and $ 0 respectively and the accumulated amortization was $ 7,917 and $ 0 respectively . impairment of long-lived assets in accordance with asc topic 360 , the company reviews long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be fully recoverable , or at least annually . the company recognizes an impairment loss when the sum of expected undiscounted future cash flows is less than the carrying amount of the asset . the amount of impairment is measured as the difference between the asset 's estimated fair value and its book value . the company reviews intangible assets for impairment whenever events or changes in circumstances indicate that the carrying value of assets may not be recoverable , as a result during the year ended september 30 , 2017 , we recorded a non-cash impairment charge of $ 85,572 ( which consisted of a $ 128,800 cost less accumulated amortization of $ 43,228 ) , associated with our software development costs . these charges are included in the statements of operations . - 16 - revenue recognition we recognize revenue when persuasive evidence of a sale arrangement exists , services have been rendered , the sales price is fixed and determinable and collectability is reasonably assured . revenues consists of fees generated through the electronic processing of payment transactions and related services , and is recognized as revenue during the period the transactions are processed or when the related services are performed . merchants may be charged for these processing services at a bundled rate based on a percentage of the dollar amount of each transaction and , in some instances , additional fees are charged for each transaction . merchant customers are generally charged a flat fee per transaction , while others may also be charged miscellaneous fees , including fees for chargebacks or returns , monthly minimums , and other miscellaneous services . revenues also includes any up-front fees for the work involved in implementing the basic functionality required to provide electronic payment processing services to a customer . revenue from such implementation fees is recognized over the term of the related service contract . our revenue is comprised of monthly recurring services provided to customers , for whom charges are contracted for over a specified period of time . payments received from customers that are related to future periods are recorded as deferred revenue until the service is provided . stock-based compensation stock-based compensation is accounted for based on the requirements of the asc 718 , share-based payment , which requires recognition in the financial statements of the cost of employee and director services received in exchange for an award of equity instruments over the period the employee or director is required to perform the services in exchange for the award ( presumptively , the vesting period ) . the financial accounting standards board ( “ fasb ” ) also requires measurement of the cost of employee and director services received in exchange for an award based on the grant-date fair value of the award . pursuant to asc topic 505-50 , for share-based payments to consultants and other third-parties , compensation expense is determined at the “ measurement date . ” the expense is recognized over the vesting period of the award . until the measurement date is reached , the total amount of compensation expense remains uncertain . we record compensation expense based on the fair value of the award at the reporting date . - 17 - recent accounting pronouncements in may 2014 , the fasb issued accounting standards update no . 2014-09 , “ revenue from contracts with customers ( topic 606 ) , ” ( “ asu 2014-09 ” ) . asu 2014-09 outlines a new , single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance , including industry-specific guidance . this new revenue recognition model provides a five-step analysis in determining when and how revenue is recognized . the new model will require revenue recognition to depict the transfer of promised goods or services to customers in an amount that reflects the consideration a company expects to receive in exchange for those goods or services . asu 2014-09 is effective for public entities for annual reporting periods beginning after december 15 , 2016 and interim periods within those periods . early adoption is not permitted . the fasb has approved a one-year deferral of the effective date with the option to early adopt using the original effective date . entities may use either a full retrospective or a modified retrospective approach to adopt asu 2014-09. in december 2016 , the fasb issued accounting standards update no . 2016-20 , technical corrections and improvements to topic 606 , revenue from contracts with customers , or asu 2016-20. in may 2016 , the fasb issued accounting standards update no . story_separator_special_tag cost of revenues for the year ended september 30 , 2017 , we had $ 29,527 in cost of revenues as compared to $ 21,813 for the year ended september 30 , 2016 , an increase of $ 7,714. cost of revenues increased primarily due to an increase in hosting and software maintenance fees , operating expenses for the year ended september 30 , 2017 , we incurred $ 5,049,196 in operating expenses as compared to $ 144,701 for the year ended september 30 , 2016 , an increase of $ 4,904,495. operating expenses consisted of the following : replace_table_token_0_th operating expenses increased primarily due to · for the year ended september 30 , 2017 , we had an increase in compensation of $ 3,043,350 , primarily due to stock based compensation to our directors and ceo for $ 3,045,000 . · we had an increase in professional fees of $ 1,754,498 , primarily due to an increase in consulting fees of $ 1,622,700 from stock based compensation , increase in investor relations fees of $ 99,100 , primarily due to stock based consulting fees of $ 51,000 , an increase in accounting and audit fees of $ 14,635 , due to the hiring of an accounting consultant , an increase in fees incurred to become a trading company of $ 12,000 , offset by a decrease in legal fees of $ 6,948 . · we had an increase in amortization of development costs of $ 10,089 . · we had an increase in amortization of intangible assets of $ 7,917 , which we started to amortize in may , 2017 . · we recorded of an impairment charge of $ 85,572 related to software development cost and intangible assets . - 20 - loss from operations for the year ended september 30 , 2017 , we incurred a loss from operations of $ 5,050,684 as compared to $ 138,929 for the year ended september 30 , 2016 , an increase of $ 4,911,755. the increase of $ 4,911,755 , was resulting from the discussion above . since inception , our business activity has focused on the development of our corporate entity , business plan , marketing strategy , contact development , website design and product design , and development of our payment gateway called “ clickdirectpay ” . other expenses for the year september 30 , 2017 , we incurred total other expense of $ 1,151 as compared to other expense of $ 3,534 , a decrease of $ 2,383 for the year ended september 30 , 2017. the decrease in other expenses was related to the recording of a loss on sale of marketable securities of $ 1,693 during the year ended september 30 , 2017 as compared to a loss of $ 2,445 for year ended september 30 , 2016. net loss for the year ended september 30 , 2017 , we incurred a net loss of $ 5,051,835 or $ ( 0.10 ) per common share as compared to $ 142,463 or $ ( 0.00 ) per common share for the year ended september 30 , 2016 , an increase of $ 4,909,372 , resulting from the discussion above . unrealized loss on available-for-sale marketable securities for the year september 30 , 2017 , we incurred an unrealized gain on available-for-sale marketable securities of $ 2,011 as compared to an unrealized ( loss ) of ( $ 1,115 ) for the year ended september 30 , 2016 , an increase of $ 3,126 related to our marketable securities that we invested during fiscal 2017. comprehensive loss for the year ended september 30 , 2017 , we incurred a comprehensive loss of $ 5,049,824 as compared to $ 143,578 for the year ended september 30 , 2016 , an increase of $ 4,906,246 resulting from the discussion above . liquidity , capital resources , and off-balance sheet arrangements liquidity is the ability of an enterprise to generate adequate amounts of cash to meet its needs for cash requirements . we had working capital of $ 262 and $ 12,694 of cash at september 30 , 2017 and working capital of $ 15,189 and $ 34,572 of cash at september 30 , 2016. cash flows for the year ended september 30 , 2017 compared to the year ended september 30 , 2016 net cash flow used in operating activities was $ 147,156 for the year ended september 30 , 2017 as compared to $ 69,559 for the year ended september 30 , 2016 , an increase of $ 77,597 . ● net cash flow used in operating activities for the year ended september 30 , 2017 primarily reflected a net loss of $ 5,051,835 and the add-back of non-cash items consisting of stock-based compensation of $ 4,779,950 , amortization of software development costs and intangible asset of $ 30,617 , a non-cash asset impairment charge of $ 85,572 and a loss on sale of marketable securities of $ 1,693 , offset by changes in operating assets and liabilities of $ 6,847 primarily related to an increase in prepaid expenses of $ 4,167 offset by an increase in accounts payable of $ 18,532. during the year ended september 30 , 2017 , cash used in operating activities primarily consisted of payments of professional fees . ● net cash flow used in operating activities for the year ended september 30 , 2016 primarily reflected a net loss of $ 142,463 and the addback of noncash items consisting of stock-based compensation of $ 45,150 , amortization of development costs of $ 12,611 , and a loss on sale of marketable securities of $ 2,445 , and changes in operating assets and liabilities of $ 12.698. during the year ended september 30 , 2016 , cash used in operating activities primarily consisted of payments of professional fees . - 21 - net cash flow provided by investing activities was $ 10,020 for the year ended september 30 , 2017 as compared to

