total measurement sales decreased $ 324,835 , or 6.9 % , to $ 4,413,295 for the year ended may 31 , 2014 as compared to $ 4,738,130 for the year ended may 31 , 2013. the decrease is primarily due to lower volumes of shipments of laser-based distance measurement and dimensional-sizing products , offset by increases in sales of remote tank monitoring products and related services and laser-based light-scatter surface measurement products . page 16 operating expenses decreased $ 518,521 , or 7.8 % , to $ 6,138,551 in fiscal 2014 from $ 6,657,072 in fiscal 2013. general , administrative and sales expenses decreased $ 420,490 , or 6.9 % , in fiscal 2014 to $ 5,663,121 as compared to $ 6,083,611 in the prior fiscal year . research and development expenses decreased $ 98,031 , or 17.1 % , to $ 475,430 in fiscal 2014 from $ 573,461 in fiscal 2013. net loss was $ 539,624 , or $ 0.18 per fully diluted share , for the year ended may 31 , 2014 as compared to net loss of $ 539,882 , or $ 0.18 per fully diluted share , for the year ended may 31 , 2013. critical accounting policies revenue recognition  the company recognizes revenue for sales and billing for freight charges upon delivery of the product to the customer at a fixed or determinable price with a reasonable assurance of collection , passage of title to the customer as indicated by shipping terms and fulfillment of all significant obligations , pursuant to the guidance provided by accounting standards codification topic 605. for sales to all customers , including manufacturer representatives , distributors or their third-party customers , these criteria are met at the time product is shipped . when other significant obligations remain after products are delivered , revenue is recognized only after such obligations are fulfilled . in addition , judgments are required in evaluating the credit worthiness of our customers . credit is not extended to customers and revenue is not recognized until we have determined that collectability is reasonably assured . the company estimates customer product returns based on historical return patterns and reduces sales and cost of sales accordingly . allowance for doubtful accounts  the company maintains credit limits for all customers based upon several factors , including but not limited to financial condition and stability , payment history , published credit reports and use of credit references . management performs various analyses to evaluate accounts receivable balances to ensure recorded amounts reflect estimated net realizable value . this review includes accounts receivable agings , other operating trends and relevant business conditions , including general economic factors , as they relate to the company 's domestic and international customers . if these analyses lead management to the conclusion that potential significant accounts are uncollectible , a reserve is provided . inventories  inventories are valued at the lower of cost or market with cost determined on the average cost basis . costs included in inventories consist of materials , labor and manufacturing overhead , which are related to the purchase or production of inventories . write-downs , when required , are made to reduce excess inventories to their net realizable values . such estimates are based on assumptions regarding future demand and market conditions . if actual conditions become less favorable than the assumptions used , an additional inventory write-down may be required . deferred taxes  the company applies the asset and liability method in recording income taxes , under which deferred income tax assets and liabilities are determined , based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using currently enacted tax rates and laws . additionally , deferred tax assets are evaluated and a valuation allowance is established if it is more likely than not that all or a portion of the deferred tax asset will not be realized . management continues to review the level of the valuation allowance on a quarterly basis . there can be no assurance that the company 's future operations will produce sufficient earnings so that the deferred tax assets can be fully utilized . intangible assets  intangible and other long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of the asset may not be recoverable . recoverability is determined by comparing the forecasted future undiscounted net cash flows from the operations to which the assets relate , based on management 's best estimates using the appropriate assumptions and projections at the time , to the carrying amount of the assets . if the carrying value is determined to be in excess of future operating cash flows , the asset is considered impaired and a loss is recognized equal to the amount by which the carrying amount exceeds the estimated fair value of the assets . recently issued accounting pronouncements refer to note 2 of the notes to consolidated financial statements for a discussion of recently issued accounting pronouncements . page 17 discussion of operating results replace_table_token_4_th sales  sales in the balancer segment increased $ 7,089 , or 0.1 % , to $ 7,721,211 for fiscal 2014 compared to $ 7,714,122 for fiscal 2013. this increase was primarily due to increased sales into europe and asia , offset by lower shipments into north america and other regions of the world . sales into europe increased $ 199,287 , or 21.5 % , in fiscal 2014 compared to fiscal 2013. sales into asia increased $ 145,137 , or 6.4 % , in fiscal 2014 compared to the prior year . north american sales decreased $ 218,349 , or 5.1 % , in fiscal 2014 compared to fiscal 2013. sales in other regions of the world decreased $ 118,986 , or 52.4 % , during fiscal 2014 as compared to the prior year . story_separator_special_tag the increases in sales in europe and asia were due to a gradual increase in demand for the company 's sbs products , while the decline in sales in north america and other regions of the world reflected fluctuations in demand due to uncertainties about the pace of economic recovery in the markets we serve . the levels of demand for our balancer products in any of these geographic markets can not be forecasted with any certainty given current economic trends and the historical volatility experienced in this market . sales in the measurement segment decreased $ 324,835 , or 6.9 % , to $ 4,413,295 in fiscal 2014 compared to $ 4,738,130 in fiscal 2013. sales of laser-based distance measurement and dimensional-sizing products decreased $ 626,701 , or 20.1 % , primarily due to a reduction in orders as the uncertainty and inconsistency in the u.s. economic recovery continues to have a negative impact in the markets we serve . sales of laser-based surface measurement products increased $ 196,281 , or 37.5 % , primarily due to an increase in demand for these products . sales of remote tank monitoring products increased $ 95,691 to $ 972,344 during fiscal 2014 due to the higher volume of shipments and the developing monitoring revenues associated with unit sales . future sales of laser-based or ultrasonic measurement products can not be forecasted with any certainty given the historical volatility experienced in this market . sales in the balancer segment decreased $ 1,550,886 , or 16.7 % , to $ 7,714,122 for fiscal 2013 compared to $ 9,265,008 for fiscal 2012. this decrease was primarily due to lower volumes of shipments into asia , particularly china , and also to a lesser extent to north america . north american sales decreased $ 310,871 , or 6.7 % , in fiscal 2013 compared to fiscal 2012. sales into asia decreased $ 1,198,772 , or 34.7 % , in fiscal 2013 compared to the prior year . sales into europe increased $ 34,086 , or 3.8 % , in fiscal 2013 compared to fiscal 2012. sales in other regions of the world decreased $ 75,329 , or 24.9 % , during fiscal 2013 as compared to the prior year . the decreases in asia and north america were due to reductions in orders as economic growth in china has slowed and the uncertainty regarding the u.s. economy continued to have a negative impact on manufacturing in the markets we serve . the levels of demand for our balancer products in any of these geographic markets can not be forecasted with any certainty given current economic trends and the historical volatility experienced in this market . sales in the measurement segment decreased $ 433,884 , or 8.4 % , to $ 4,738,130 in fiscal 2013 compared to $ 5,172,014 in fiscal 2012. sales of laser-based distance measurement and dimensional-sizing products decreased $ 379,667 , or 10.9 % , primarily due to a large sale during the fourth quarter of fiscal 2012 that was not repeated in the fourth quarter of fiscal 2013. sales of remote tank monitoring products increased $ 295,771 to $ 876,653 during fiscal 2013 due to the higher volume of shipments and the developing monitoring revenues associated with unit sales . sales of laser-based surface measurement products decreased $ 360,963 , or 40.8 % , primarily due to slowing demand for these products . future sales of laser-based or ultrasonic measurement products can not be forecasted with any certainty given the historical volatility experienced in this market . page 18 gross margin  gross margin in fiscal 2014 decreased to 46.4 % compared to 48.9 % in fiscal 2013. the variance in gross margin was primarily due to shifts in the product sales mix involving our five product lines and the impact of increased costs associated with the products sold . gross margin in fiscal 2013 increased to 48.9 % compared to 43.9 % in fiscal 2012. this increase was primarily due to the impact of lower sales volumes through the asian distribution channels , which typically have higher discounts and lower margins , and as a result of the company 's efforts to reduce the material costs from certain key suppliers and a shift in the product sales mix towards higher margin products . operating expenses  operating expenses decreased $ 518,521 , or 7.8 % , to $ 6,138,551 for fiscal 2014 compared to $ 6,657,072 in fiscal 2013. general , administrative and sales expenses decreased $ 420,490 , or 6.9 % , to $ 5,663,121 in fiscal 2014 compared to $ 6,083,611 in the prior year . this decrease was the result of lower sales and marketing and travel and entertainment expenses . research and development expenses decreased $ 98,031 , or 17.1 % , to $ 475,430 in fiscal 2014 compared to $ 573,461 in fiscal 2013. the decrease in research and development expense was primarily due to the completion of some of the development projects within our existing product lines . operating expenses increased $ 371,720 , or 5.9 % , to $ 6,657,072 for fiscal 2013 compared to $ 6,285,352 in fiscal 2012. general , administrative and sales expenses increased $ 116,252 , or 1.9 % , to $ 6,083,611 in fiscal 2013 compared to $ 5,967,359 in the prior year . this increase was due primarily to higher expenses associated with an international trade show that occurs every two years . research and development expenses increased $ 255,468 , or 80.3 % , to $ 573,461 in fiscal 2013 compared to $ 317,993 in fiscal 2012. the increase in research and development expense was primarily due to new product development and product enhancements related to existing product lines . other income ( expense )  other income ( expense ) consists of interest income , foreign currency exchange gain ( loss ) and other income ( expense ) . interest income was $ 1,558 , $

liquidity and capital resources the company 's working capital decreased $ 123,877 to $ 7,478,073 as of may 31 , 2014 compared to $ 7,601,950 as of may 31 , 2013. cash and cash equivalents decreased $ 398,506 from $ 1,909,071 as of may 31 , 2013 to $ 1,510,565 as of may 31 , 2014. cash used in operating activities was $ 392,376 in fiscal 2014 as compared to cash used in operations of $ 679,112 in fiscal 2013. the decrease in the amount of cash used for operating activities was primarily due to the reduction in inventories , offset by the decrease in accounts payable and accrued liabilities and the increase in accounts receivable . at may 31 , 2014 , accounts receivable increased $ 254,509 to $ 2,235,194 compared to $ 1,980,685 as of may 31 , 2013. the increase in accounts receivable was due to the timing of receipts . inventories decreased $ 264,265 to $ 4,789,822 as of may 31 , 2014 compared to $ 5,054,087 at may 31 , 2013 as a result of our targeted inventory purchase program page 19 which was focused on right-sizing the levels of inventories held for each of the company 's product lines .


 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 and capital resources the company 's working capital decreased $ 123,877 to $ 7,478,073 as of may 31 , 2014 compared to $ 7,601,950 as of may 31 , 2013. cash and cash equivalents decreased $ 398,506 from $ 1,909,071 as of may 31 , 2013 to $ 1,510,565 as of may 31 , 2014. cash used in operating activities was $ 392,376 in fiscal 2014 as compared to cash used in operations of $ 679,112 in fiscal 2013. the decrease in the amount of cash used for operating activities was primarily due to the reduction in inventories , offset by the decrease in accounts payable and accrued liabilities and the increase in accounts receivable . at may 31 , 2014 , accounts receivable increased $ 254,509 to $ 2,235,194 compared to $ 1,980,685 as of may 31 , 2013. the increase in accounts receivable was due to the timing of receipts . inventories decreased $ 264,265 to $ 4,789,822 as of may 31 , 2014 compared to $ 5,054,087 at may 31 , 2013 as a result of our targeted inventory purchase program page 19 which was focused on right-sizing the levels of inventories held for each of the company 's product lines .
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 Suspicious Activity Report : total measurement sales decreased $ 324,835 , or 6.9 % , to $ 4,413,295 for the year ended may 31 , 2014 as compared to $ 4,738,130 for the year ended may 31 , 2013. the decrease is primarily due to lower volumes of shipments of laser-based distance measurement and dimensional-sizing products , offset by increases in sales of remote tank monitoring products and related services and laser-based light-scatter surface measurement products . page 16 operating expenses decreased $ 518,521 , or 7.8 % , to $ 6,138,551 in fiscal 2014 from $ 6,657,072 in fiscal 2013. general , administrative and sales expenses decreased $ 420,490 , or 6.9 % , in fiscal 2014 to $ 5,663,121 as compared to $ 6,083,611 in the prior fiscal year . research and development expenses decreased $ 98,031 , or 17.1 % , to $ 475,430 in fiscal 2014 from $ 573,461 in fiscal 2013. net loss was $ 539,624 , or $ 0.18 per fully diluted share , for the year ended may 31 , 2014 as compared to net loss of $ 539,882 , or $ 0.18 per fully diluted share , for the year ended may 31 , 2013. critical accounting policies revenue recognition  the company recognizes revenue for sales and billing for freight charges upon delivery of the product to the customer at a fixed or determinable price with a reasonable assurance of collection , passage of title to the customer as indicated by shipping terms and fulfillment of all significant obligations , pursuant to the guidance provided by accounting standards codification topic 605. for sales to all customers , including manufacturer representatives , distributors or their third-party customers , these criteria are met at the time product is shipped . when other significant obligations remain after products are delivered , revenue is recognized only after such obligations are fulfilled . in addition , judgments are required in evaluating the credit worthiness of our customers . credit is not extended to customers and revenue is not recognized until we have determined that collectability is reasonably assured . the company estimates customer product returns based on historical return patterns and reduces sales and cost of sales accordingly . allowance for doubtful accounts  the company maintains credit limits for all customers based upon several factors , including but not limited to financial condition and stability , payment history , published credit reports and use of credit references . management performs various analyses to evaluate accounts receivable balances to ensure recorded amounts reflect estimated net realizable value . this review includes accounts receivable agings , other operating trends and relevant business conditions , including general economic factors , as they relate to the company 's domestic and international customers . if these analyses lead management to the conclusion that potential significant accounts are uncollectible , a reserve is provided . inventories  inventories are valued at the lower of cost or market with cost determined on the average cost basis . costs included in inventories consist of materials , labor and manufacturing overhead , which are related to the purchase or production of inventories . write-downs , when required , are made to reduce excess inventories to their net realizable values . such estimates are based on assumptions regarding future demand and market conditions . if actual conditions become less favorable than the assumptions used , an additional inventory write-down may be required . deferred taxes  the company applies the asset and liability method in recording income taxes , under which deferred income tax assets and liabilities are determined , based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using currently enacted tax rates and laws . additionally , deferred tax assets are evaluated and a valuation allowance is established if it is more likely than not that all or a portion of the deferred tax asset will not be realized . management continues to review the level of the valuation allowance on a quarterly basis . there can be no assurance that the company 's future operations will produce sufficient earnings so that the deferred tax assets can be fully utilized . intangible assets  intangible and other long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate the carrying amount of the asset may not be recoverable . recoverability is determined by comparing the forecasted future undiscounted net cash flows from the operations to which the assets relate , based on management 's best estimates using the appropriate assumptions and projections at the time , to the carrying amount of the assets . if the carrying value is determined to be in excess of future operating cash flows , the asset is considered impaired and a loss is recognized equal to the amount by which the carrying amount exceeds the estimated fair value of the assets . recently issued accounting pronouncements refer to note 2 of the notes to consolidated financial statements for a discussion of recently issued accounting pronouncements . page 17 discussion of operating results replace_table_token_4_th sales  sales in the balancer segment increased $ 7,089 , or 0.1 % , to $ 7,721,211 for fiscal 2014 compared to $ 7,714,122 for fiscal 2013. this increase was primarily due to increased sales into europe and asia , offset by lower shipments into north america and other regions of the world . sales into europe increased $ 199,287 , or 21.5 % , in fiscal 2014 compared to fiscal 2013. sales into asia increased $ 145,137 , or 6.4 % , in fiscal 2014 compared to the prior year . north american sales decreased $ 218,349 , or 5.1 % , in fiscal 2014 compared to fiscal 2013. sales in other regions of the world decreased $ 118,986 , or 52.4 % , during fiscal 2014 as compared to the prior year . story_separator_special_tag the increases in sales in europe and asia were due to a gradual increase in demand for the company 's sbs products , while the decline in sales in north america and other regions of the world reflected fluctuations in demand due to uncertainties about the pace of economic recovery in the markets we serve . the levels of demand for our balancer products in any of these geographic markets can not be forecasted with any certainty given current economic trends and the historical volatility experienced in this market . sales in the measurement segment decreased $ 324,835 , or 6.9 % , to $ 4,413,295 in fiscal 2014 compared to $ 4,738,130 in fiscal 2013. sales of laser-based distance measurement and dimensional-sizing products decreased $ 626,701 , or 20.1 % , primarily due to a reduction in orders as the uncertainty and inconsistency in the u.s. economic recovery continues to have a negative impact in the markets we serve . sales of laser-based surface measurement products increased $ 196,281 , or 37.5 % , primarily due to an increase in demand for these products . sales of remote tank monitoring products increased $ 95,691 to $ 972,344 during fiscal 2014 due to the higher volume of shipments and the developing monitoring revenues associated with unit sales . future sales of laser-based or ultrasonic measurement products can not be forecasted with any certainty given the historical volatility experienced in this market . sales in the balancer segment decreased $ 1,550,886 , or 16.7 % , to $ 7,714,122 for fiscal 2013 compared to $ 9,265,008 for fiscal 2012. this decrease was primarily due to lower volumes of shipments into asia , particularly china , and also to a lesser extent to north america . north american sales decreased $ 310,871 , or 6.7 % , in fiscal 2013 compared to fiscal 2012. sales into asia decreased $ 1,198,772 , or 34.7 % , in fiscal 2013 compared to the prior year . sales into europe increased $ 34,086 , or 3.8 % , in fiscal 2013 compared to fiscal 2012. sales in other regions of the world decreased $ 75,329 , or 24.9 % , during fiscal 2013 as compared to the prior year . the decreases in asia and north america were due to reductions in orders as economic growth in china has slowed and the uncertainty regarding the u.s. economy continued to have a negative impact on manufacturing in the markets we serve . the levels of demand for our balancer products in any of these geographic markets can not be forecasted with any certainty given current economic trends and the historical volatility experienced in this market . sales in the measurement segment decreased $ 433,884 , or 8.4 % , to $ 4,738,130 in fiscal 2013 compared to $ 5,172,014 in fiscal 2012. sales of laser-based distance measurement and dimensional-sizing products decreased $ 379,667 , or 10.9 % , primarily due to a large sale during the fourth quarter of fiscal 2012 that was not repeated in the fourth quarter of fiscal 2013. sales of remote tank monitoring products increased $ 295,771 to $ 876,653 during fiscal 2013 due to the higher volume of shipments and the developing monitoring revenues associated with unit sales . sales of laser-based surface measurement products decreased $ 360,963 , or 40.8 % , primarily due to slowing demand for these products . future sales of laser-based or ultrasonic measurement products can not be forecasted with any certainty given the historical volatility experienced in this market . page 18 gross margin  gross margin in fiscal 2014 decreased to 46.4 % compared to 48.9 % in fiscal 2013. the variance in gross margin was primarily due to shifts in the product sales mix involving our five product lines and the impact of increased costs associated with the products sold . gross margin in fiscal 2013 increased to 48.9 % compared to 43.9 % in fiscal 2012. this increase was primarily due to the impact of lower sales volumes through the asian distribution channels , which typically have higher discounts and lower margins , and as a result of the company 's efforts to reduce the material costs from certain key suppliers and a shift in the product sales mix towards higher margin products . operating expenses  operating expenses decreased $ 518,521 , or 7.8 % , to $ 6,138,551 for fiscal 2014 compared to $ 6,657,072 in fiscal 2013. general , administrative and sales expenses decreased $ 420,490 , or 6.9 % , to $ 5,663,121 in fiscal 2014 compared to $ 6,083,611 in the prior year . this decrease was the result of lower sales and marketing and travel and entertainment expenses . research and development expenses decreased $ 98,031 , or 17.1 % , to $ 475,430 in fiscal 2014 compared to $ 573,461 in fiscal 2013. the decrease in research and development expense was primarily due to the completion of some of the development projects within our existing product lines . operating expenses increased $ 371,720 , or 5.9 % , to $ 6,657,072 for fiscal 2013 compared to $ 6,285,352 in fiscal 2012. general , administrative and sales expenses increased $ 116,252 , or 1.9 % , to $ 6,083,611 in fiscal 2013 compared to $ 5,967,359 in the prior year . this increase was due primarily to higher expenses associated with an international trade show that occurs every two years . research and development expenses increased $ 255,468 , or 80.3 % , to $ 573,461 in fiscal 2013 compared to $ 317,993 in fiscal 2012. the increase in research and development expense was primarily due to new product development and product enhancements related to existing product lines . other income ( expense )  other income ( expense ) consists of interest income , foreign currency exchange gain ( loss ) and other income ( expense ) . interest income was $ 1,558 , $

