on may 18 , 2011 david cupp loaned the company $ 100 with no stated interest rate , payment terms and is due on demand . additionally , payments were made on behalf of the company in satisfaction of liabilities , totaling $ 27,541 . the total amount due to mr. cupp , $ 27,641 , was forgiven in 2014 and recognized as a contribution to capital . no amount was due to mr. cupp as of december 31 , 2015 or 2014. f-12 north america frac sand , inc. ( fka xterra building systems , inc. ) notes to audited financial statements as of the year ending december 31 , 2015 , mr. david alexander accrued and unpaid consulting fees of $ 14,000 ( $ 9,000 – 2014 ) . amounts due to related parties at december 31 , 2015 and december 31 , 2014 totaled $ 90,582 and $ 12,590 , respectively . other the officers and directors of the company are involved in other business activities and may , in the future , become involved in other business opportunities that become available . they may face a conflict in selecting between the company and other business interests . the company has not formulated a policy for the resolution of such conflicts . the company does not own or lease property or lease office space . the company has been provided office space by a member of the board of directors at no cost . the above amounts are not necessarily indicative of the amounts that would have been incurred had comparable transactions been entered into with independent parties . note 7. commitments and contingencies from time to time the company may be a party to litigation matters involving claims against the company . management believes that there are no current matters that would have a material effect on the company 's financial position or results of operations . note 8. subsequent events on march 21 , 2016 , the company announced the resignation of mr. david cupp as director of the company . on march 21 , 2016 , the company changed its principal address to unit 9b , 218 105 th street east , saskatoon , saskatchewan , s7i 0j9 . on march 28 , 2016 , the company issued 1,250,000 of shares of common stock pursuant to the conversion of 5 series b preferred shares . the completion of the reverse merger with north america frac sand ( ca ) ltd. and the shares held in escrow will be released subject to the completion of the audited financial statements of north america frac sand ( ca ) ltd and completion of the requisite filing . management has evaluated subsequent events through the date the financial statements were issued . based on our evaluation no events have occurred requiring adjustment or disclosure . f-13 story_separator_special_tag the following management 's discussion and analysis of financial condition and results of operations contains forward-looking statements that involve risks and uncertainties . our actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors , including those set forth under `` risk factors `` and elsewhere in this report . the management 's discussion , analysis of financial condition , and results of operations should be read in conjunction with our financial statements and notes thereto contained elsewhere in this prospectus . 10 our business overview north america frac sand , inc. is a florida corporation ( the `` company `` ) . during the year ended december 31 , 2015 , the company entered into an agreement to acquire north america frac sand ( ca ) ltd ( `` nafs-ca `` ) . , an alberta corporation . we completed the due diligence on february 29 , 2016 and have agreed to close formally upon completion of the audit of nafs-ca . the company was providing consulting services to independent aquatic farming operators and other market participants located in the midwest of the united states . historically , we conducted initial marketing and sales activities to take advantage of opportunities related to time , location and quality of aquatic farming operations . we have conducted our operations primarily in indiana . on april 25 , 2014 the company entered into a share purchase agreement to acquire the issued and outstanding shares of innovate building systems , inc. , ( `` innovate `` ) a manufacturer of modular buildings located in edmonton alberta , canada . in accordance with the agreement , the company changed its name from new found shrimp , inc. to innovate building systems , inc. in the course of the due diligence , the innovate ( the alberta company ) was unable to supply audited financial statements . for this and other reasons , the company decided not to proceed with the acquisition . on september 9 , 2014 , the company changed its name from innovate building systems inc. to xterra building systems inc. on july 10 , 2015 , the company entered into a share purchase agreement to acquire the issued and outstanding shares of north america frac sand ( ca ) ltd. ( `` nafs-ca `` ) . where the company would issue 37,800,000 shares of common stock in the company in exchange for the issued and outstanding shares of nafs-ca . in accordance with the agreement , the company changed its name from xterra building systems , inc. to north america frac sand , inc. the final release of the shares held in escrow is subject to the completion the audit of nafs-ca and the requisite filings . critical accounting policies we prepare our financial statements in conformity with gaap , which requires management to make certain estimates and assumptions and apply judgments . we base our estimates and judgments on historical experience , current trends and other factors that management believes to be important at the time the financial statements are prepared and actual story_separator_special_tag on may 18 , 2011 david cupp loaned the company $ 100 with no stated interest rate , payment terms and is due on demand . additionally , payments were made on behalf of the company in satisfaction of liabilities , totaling $ 27,541 . the total amount due to mr. cupp , $ 27,641 , was forgiven in 2014 and recognized as a contribution to capital . no amount was due to mr. cupp as of december 31 , 2015 or 2014. f-12 north america frac sand , inc. ( fka xterra building systems , inc. ) notes to audited financial statements as of the year ending december 31 , 2015 , mr. david alexander accrued and unpaid consulting fees of $ 14,000 ( $ 9,000 – 2014 ) . amounts due to related parties at december 31 , 2015 and december 31 , 2014 totaled $ 90,582 and $ 12,590 , respectively . other the officers and directors of the company are involved in other business activities and may , in the future , become involved in other business opportunities that become available . they may face a conflict in selecting between the company and other business interests . the company has not formulated a policy for the resolution of such conflicts . the company does not own or lease property or lease office space . the company has been provided office space by a member of the board of directors at no cost . the above amounts are not necessarily indicative of the amounts that would have been incurred had comparable transactions been entered into with independent parties . note 7. commitments and contingencies from time to time the company may be a party to litigation matters involving claims against the company . management believes that there are no current matters that would have a material effect on the company 's financial position or results of operations . note 8. subsequent events on march 21 , 2016 , the company announced the resignation of mr. david cupp as director of the company . on march 21 , 2016 , the company changed its principal address to unit 9b , 218 105 th street east , saskatoon , saskatchewan , s7i 0j9 . on march 28 , 2016 , the company issued 1,250,000 of shares of common stock pursuant to the conversion of 5 series b preferred shares . the completion of the reverse merger with north america frac sand ( ca ) ltd. and the shares held in escrow will be released subject to the completion of the audited financial statements of north america frac sand ( ca ) ltd and completion of the requisite filing . management has evaluated subsequent events through the date the financial statements were issued . based on our evaluation no events have occurred requiring adjustment or disclosure . f-13 story_separator_special_tag the following management 's discussion and analysis of financial condition and results of operations contains forward-looking statements that involve risks and uncertainties . our actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors , including those set forth under `` risk factors `` and elsewhere in this report . the management 's discussion , analysis of financial condition , and results of operations should be read in conjunction with our financial statements and notes thereto contained elsewhere in this prospectus . 10 our business overview north america frac sand , inc. is a florida corporation ( the `` company `` ) . during the year ended december 31 , 2015 , the company entered into an agreement to acquire north america frac sand ( ca ) ltd ( `` nafs-ca `` ) . , an alberta corporation . we completed the due diligence on february 29 , 2016 and have agreed to close formally upon completion of the audit of nafs-ca . the company was providing consulting services to independent aquatic farming operators and other market participants located in the midwest of the united states . historically , we conducted initial marketing and sales activities to take advantage of opportunities related to time , location and quality of aquatic farming operations . we have conducted our operations primarily in indiana . on april 25 , 2014 the company entered into a share purchase agreement to acquire the issued and outstanding shares of innovate building systems , inc. , ( `` innovate `` ) a manufacturer of modular buildings located in edmonton alberta , canada . in accordance with the agreement , the company changed its name from new found shrimp , inc. to innovate building systems , inc. in the course of the due diligence , the innovate ( the alberta company ) was unable to supply audited financial statements . for this and other reasons , the company decided not to proceed with the acquisition . on september 9 , 2014 , the company changed its name from innovate building systems inc. to xterra building systems inc. on july 10 , 2015 , the company entered into a share purchase agreement to acquire the issued and outstanding shares of north america frac sand ( ca ) ltd. ( `` nafs-ca `` ) . where the company would issue 37,800,000 shares of common stock in the company in exchange for the issued and outstanding shares of nafs-ca . in accordance with the agreement , the company changed its name from xterra building systems , inc. to north america frac sand , inc. the final release of the shares held in escrow is subject to the completion the audit of nafs-ca and the requisite filings . critical accounting policies we prepare our financial statements in conformity with gaap , which requires management to make certain estimates and assumptions and apply judgments . we base our estimates and judgments on historical experience , current trends and other factors that management believes to be important at the time the financial statements are prepared and actual

liquidity the accompanying financial statements have been prepared assuming that the company will continue as a going concern which contemplates , among other things , the realization of assets and satisfaction of liabilities in the ordinary course of business . the company sustained a loss for the years ended december 31 , 2015 and 2014 of $ 65,416 and $ 13,780,487 , respectively . the company has an accumulated deficit of $ 34,508,101. because of the absence of positive cash flows from operations , the company will require additional funding for continuing the development and marketing . these factors raise substantial doubt about the company 's ability to continue as a going concern . the accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty . we are presently not able to meet our obligations as they come due . at december 31 , 2015 we had working capital deficit of $ 91,884. our working capital deficit is due to the results of operations . net cash used in operating activities for the years ended december 31 , 2015 and 2014 was $ 63,992 and $ 1,202 , respectively . net cash provided by financing activities for the years ended december 31 , 2015 and 2014 was $ 63,992 and $ 490 , respectively . we anticipate that our future liquidity requirements will arise from the need to fund our growth from operations , pay current obligations and future capital expenditures . the primary sources of funding for such requirements are expected to be cash generated from operations and raising additional funds from the private sources and or debt financing .


 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.
     ```liquidity the accompanying financial statements have been prepared assuming that the company will continue as a going concern which contemplates , among other things , the realization of assets and satisfaction of liabilities in the ordinary course of business . the company sustained a loss for the years ended december 31 , 2015 and 2014 of $ 65,416 and $ 13,780,487 , respectively . the company has an accumulated deficit of $ 34,508,101. because of the absence of positive cash flows from operations , the company will require additional funding for continuing the development and marketing . these factors raise substantial doubt about the company 's ability to continue as a going concern . the accompanying financial statements do not include any adjustments that might result from the outcome of this uncertainty . we are presently not able to meet our obligations as they come due . at december 31 , 2015 we had working capital deficit of $ 91,884. our working capital deficit is due to the results of operations . net cash used in operating activities for the years ended december 31 , 2015 and 2014 was $ 63,992 and $ 1,202 , respectively . net cash provided by financing activities for the years ended december 31 , 2015 and 2014 was $ 63,992 and $ 490 , respectively . we anticipate that our future liquidity requirements will arise from the need to fund our growth from operations , pay current obligations and future capital expenditures . the primary sources of funding for such requirements are expected to be cash generated from operations and raising additional funds from the private sources and or debt financing .
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 Suspicious Activity Report : on may 18 , 2011 david cupp loaned the company $ 100 with no stated interest rate , payment terms and is due on demand . additionally , payments were made on behalf of the company in satisfaction of liabilities , totaling $ 27,541 . the total amount due to mr. cupp , $ 27,641 , was forgiven in 2014 and recognized as a contribution to capital . no amount was due to mr. cupp as of december 31 , 2015 or 2014. f-12 north america frac sand , inc. ( fka xterra building systems , inc. ) notes to audited financial statements as of the year ending december 31 , 2015 , mr. david alexander accrued and unpaid consulting fees of $ 14,000 ( $ 9,000 – 2014 ) . amounts due to related parties at december 31 , 2015 and december 31 , 2014 totaled $ 90,582 and $ 12,590 , respectively . other the officers and directors of the company are involved in other business activities and may , in the future , become involved in other business opportunities that become available . they may face a conflict in selecting between the company and other business interests . the company has not formulated a policy for the resolution of such conflicts . the company does not own or lease property or lease office space . the company has been provided office space by a member of the board of directors at no cost . the above amounts are not necessarily indicative of the amounts that would have been incurred had comparable transactions been entered into with independent parties . note 7. commitments and contingencies from time to time the company may be a party to litigation matters involving claims against the company . management believes that there are no current matters that would have a material effect on the company 's financial position or results of operations . note 8. subsequent events on march 21 , 2016 , the company announced the resignation of mr. david cupp as director of the company . on march 21 , 2016 , the company changed its principal address to unit 9b , 218 105 th street east , saskatoon , saskatchewan , s7i 0j9 . on march 28 , 2016 , the company issued 1,250,000 of shares of common stock pursuant to the conversion of 5 series b preferred shares . the completion of the reverse merger with north america frac sand ( ca ) ltd. and the shares held in escrow will be released subject to the completion of the audited financial statements of north america frac sand ( ca ) ltd and completion of the requisite filing . management has evaluated subsequent events through the date the financial statements were issued . based on our evaluation no events have occurred requiring adjustment or disclosure . f-13 story_separator_special_tag the following management 's discussion and analysis of financial condition and results of operations contains forward-looking statements that involve risks and uncertainties . our actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors , including those set forth under `` risk factors `` and elsewhere in this report . the management 's discussion , analysis of financial condition , and results of operations should be read in conjunction with our financial statements and notes thereto contained elsewhere in this prospectus . 10 our business overview north america frac sand , inc. is a florida corporation ( the `` company `` ) . during the year ended december 31 , 2015 , the company entered into an agreement to acquire north america frac sand ( ca ) ltd ( `` nafs-ca `` ) . , an alberta corporation . we completed the due diligence on february 29 , 2016 and have agreed to close formally upon completion of the audit of nafs-ca . the company was providing consulting services to independent aquatic farming operators and other market participants located in the midwest of the united states . historically , we conducted initial marketing and sales activities to take advantage of opportunities related to time , location and quality of aquatic farming operations . we have conducted our operations primarily in indiana . on april 25 , 2014 the company entered into a share purchase agreement to acquire the issued and outstanding shares of innovate building systems , inc. , ( `` innovate `` ) a manufacturer of modular buildings located in edmonton alberta , canada . in accordance with the agreement , the company changed its name from new found shrimp , inc. to innovate building systems , inc. in the course of the due diligence , the innovate ( the alberta company ) was unable to supply audited financial statements . for this and other reasons , the company decided not to proceed with the acquisition . on september 9 , 2014 , the company changed its name from innovate building systems inc. to xterra building systems inc. on july 10 , 2015 , the company entered into a share purchase agreement to acquire the issued and outstanding shares of north america frac sand ( ca ) ltd. ( `` nafs-ca `` ) . where the company would issue 37,800,000 shares of common stock in the company in exchange for the issued and outstanding shares of nafs-ca . in accordance with the agreement , the company changed its name from xterra building systems , inc. to north america frac sand , inc. the final release of the shares held in escrow is subject to the completion the audit of nafs-ca and the requisite filings . critical accounting policies we prepare our financial statements in conformity with gaap , which requires management to make certain estimates and assumptions and apply judgments . we base our estimates and judgments on historical experience , current trends and other factors that management believes to be important at the time the financial statements are prepared and actual story_separator_special_tag on may 18 , 2011 david cupp loaned the company $ 100 with no stated interest rate , payment terms and is due on demand . additionally , payments were made on behalf of the company in satisfaction of liabilities , totaling $ 27,541 . the total amount due to mr. cupp , $ 27,641 , was forgiven in 2014 and recognized as a contribution to capital . no amount was due to mr. cupp as of december 31 , 2015 or 2014. f-12 north america frac sand , inc. ( fka xterra building systems , inc. ) notes to audited financial statements as of the year ending december 31 , 2015 , mr. david alexander accrued and unpaid consulting fees of $ 14,000 ( $ 9,000 – 2014 ) . amounts due to related parties at december 31 , 2015 and december 31 , 2014 totaled $ 90,582 and $ 12,590 , respectively . other the officers and directors of the company are involved in other business activities and may , in the future , become involved in other business opportunities that become available . they may face a conflict in selecting between the company and other business interests . the company has not formulated a policy for the resolution of such conflicts . the company does not own or lease property or lease office space . the company has been provided office space by a member of the board of directors at no cost . the above amounts are not necessarily indicative of the amounts that would have been incurred had comparable transactions been entered into with independent parties . note 7. commitments and contingencies from time to time the company may be a party to litigation matters involving claims against the company . management believes that there are no current matters that would have a material effect on the company 's financial position or results of operations . note 8. subsequent events on march 21 , 2016 , the company announced the resignation of mr. david cupp as director of the company . on march 21 , 2016 , the company changed its principal address to unit 9b , 218 105 th street east , saskatoon , saskatchewan , s7i 0j9 . on march 28 , 2016 , the company issued 1,250,000 of shares of common stock pursuant to the conversion of 5 series b preferred shares . the completion of the reverse merger with north america frac sand ( ca ) ltd. and the shares held in escrow will be released subject to the completion of the audited financial statements of north america frac sand ( ca ) ltd and completion of the requisite filing . management has evaluated subsequent events through the date the financial statements were issued . based on our evaluation no events have occurred requiring adjustment or disclosure . f-13 story_separator_special_tag the following management 's discussion and analysis of financial condition and results of operations contains forward-looking statements that involve risks and uncertainties . our actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors , including those set forth under `` risk factors `` and elsewhere in this report . the management 's discussion , analysis of financial condition , and results of operations should be read in conjunction with our financial statements and notes thereto contained elsewhere in this prospectus . 10 our business overview north america frac sand , inc. is a florida corporation ( the `` company `` ) . during the year ended december 31 , 2015 , the company entered into an agreement to acquire north america frac sand ( ca ) ltd ( `` nafs-ca `` ) . , an alberta corporation . we completed the due diligence on february 29 , 2016 and have agreed to close formally upon completion of the audit of nafs-ca . the company was providing consulting services to independent aquatic farming operators and other market participants located in the midwest of the united states . historically , we conducted initial marketing and sales activities to take advantage of opportunities related to time , location and quality of aquatic farming operations . we have conducted our operations primarily in indiana . on april 25 , 2014 the company entered into a share purchase agreement to acquire the issued and outstanding shares of innovate building systems , inc. , ( `` innovate `` ) a manufacturer of modular buildings located in edmonton alberta , canada . in accordance with the agreement , the company changed its name from new found shrimp , inc. to innovate building systems , inc. in the course of the due diligence , the innovate ( the alberta company ) was unable to supply audited financial statements . for this and other reasons , the company decided not to proceed with the acquisition . on september 9 , 2014 , the company changed its name from innovate building systems inc. to xterra building systems inc. on july 10 , 2015 , the company entered into a share purchase agreement to acquire the issued and outstanding shares of north america frac sand ( ca ) ltd. ( `` nafs-ca `` ) . where the company would issue 37,800,000 shares of common stock in the company in exchange for the issued and outstanding shares of nafs-ca . in accordance with the agreement , the company changed its name from xterra building systems , inc. to north america frac sand , inc. the final release of the shares held in escrow is subject to the completion the audit of nafs-ca and the requisite filings . critical accounting policies we prepare our financial statements in conformity with gaap , which requires management to make certain estimates and assumptions and apply judgments . we base our estimates and judgments on historical experience , current trends and other factors that management believes to be important at the time the financial statements are prepared and actual

