by the words “ believes , ” “ project , ” “ expects , ” “ anticipates , ” “ estimates , ” “ intends , ” “ strategy , ” “ plan , ” “ may , ” “ will , ” “ would , ” “ will be , ” “ will continue , ” “ will likely result , ” and similar expressions . we intend such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the private securities litigation reform act of 1995 , and are including this statement for purposes of complying with those safe-harbor provisions . forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements . our ability to predict results or the actual effect of future plans or strategies is inherently uncertain . factors which could have a material adverse effect on our operations and future prospects on a consolidated basis include , but are not limited to : changes in economic conditions , legislative/regulatory changes , availability of capital , interest rates , competition , and generally accepted accounting principles . these risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements . we undertake no obligation to update or revise publicly any forward-looking statements , whether as a result of new information , future events or otherwise . further information concerning our business , including additional factors that could materially affect our financial results , is included herein and in our other filings with the sec . results of operations for the years ended august 31 , 2019 and 2018 revenues we generated $ 433,567 in revenues from continued operations during the year ended august 31 , 2019 , as compared with $ 250,112 in revenues from continued operations for the same period ended august 31 , 2018. forty-five percent and 100 % of revenue was generated from one customer during the years ended august 31 , 2019 and 2018 , respectively . our cost of revenues was $ 174,533 for the year ended august 31 , 2019 , as compared with $ 150,022 for the same period ended august 31 , 2018. we had gross profit of $ 259,034 for the year ended august 31 , 2019 , as compared with a gross profit of $ 100,090 for the year ended august 31 , 2018. we expect to continue to achieve steadily increasing revenues within the coming months . however , as we are a start-up , we have limited operating history to rely upon and we can not guarantee that our business plan will be successful . operating expenses we incurred operating expenses in the amount of $ 702,088 for the year ended august 31 , 2019 , compared with operating expenses of $ 977,328 for the year ended august 31 , 2018. our operating expenses for the year ended august 31 , 2019 mainly consisted of general and administrative expenses of $ 525,109 , and related party - salaries and wages of $ 176,979. our operating expenses for the year ended august 31 , 2018 mainly consisted of general and administrative expenses of $ 897,587 , and related party - salaries and wages of $ 79,741. we anticipate our operating expenses will increase as we undertake our plan of operations , including increased costs associated with marketing , personnel , and other general and administrative expenses , along with increased professional fees associated with sec compliance as our business grows more complex and more expensive to maintain . income from discontinued operations on november 16 , 2017 , the company sold the copyright and all other rights in a film named “ gong fu nv pai ” copyright and the mobile application ( amoney ) assets to an unrelated party for $ 253,000 cash . the sales of intangible assets qualified as a discontinued operation of the company and accordingly , the company has excluded results of the operations from its consolidated statements of operations to present this revenue and expenses from these intangible assets in discontinued operations . 15 the following table shows the results of operations of mobile application and copyright for year ended august 31 , 2019 and 2018 which are included in the gain from discontinued operations : years ended august 31 , 2019 2018 revenue $ — $ 49,920 cost of revenue — 11,912 income tax provision — — gain from discontinued operations $ — $ 38,008 net ( loss ) income we incurred a net loss in the amount of $ 404,635 for the year ended august 31 , 2019 , as compared with a net loss of $ 1,111,950 for the year ended august 31 , 2018. story_separator_special_tag companies , the amendments are effective for fiscal years beginning after december 15 , 2019 , and interim periods within fiscal years beginning after december 15 , 2020. early adoption is permitted , but no earlier than a company 's adoption date of topic 606 , revenue from contracts with customers . the company does not currently expect the adoption of the amendment to have a material impact on its consolidated financial position and results of operations . in july 2018 , the fsab issued asu 2018-10 asc topic 842 : “ codification improvements to leases ” the amendments are to address stakeholders ' questions about how to apply certain aspects of the new guidance in accounting standards codification ( asc ) 842 , leases . the clarifications address the rate implicit in the lease , impairment of the net investment in the lease , lessee reassessment of lease classification , lessor reassessment of lease term and purchase options , variable payments that depend on an index or rate and certain transition adjustments . the amendments in asc topic 842 are effective for egc for fiscal years beginning story_separator_special_tag by the words “ believes , ” “ project , ” “ expects , ” “ anticipates , ” “ estimates , ” “ intends , ” “ strategy , ” “ plan , ” “ may , ” “ will , ” “ would , ” “ will be , ” “ will continue , ” “ will likely result , ” and similar expressions . we intend such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the private securities litigation reform act of 1995 , and are including this statement for purposes of complying with those safe-harbor provisions . forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements . our ability to predict results or the actual effect of future plans or strategies is inherently uncertain . factors which could have a material adverse effect on our operations and future prospects on a consolidated basis include , but are not limited to : changes in economic conditions , legislative/regulatory changes , availability of capital , interest rates , competition , and generally accepted accounting principles . these risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements . we undertake no obligation to update or revise publicly any forward-looking statements , whether as a result of new information , future events or otherwise . further information concerning our business , including additional factors that could materially affect our financial results , is included herein and in our other filings with the sec . results of operations for the years ended august 31 , 2019 and 2018 revenues we generated $ 433,567 in revenues from continued operations during the year ended august 31 , 2019 , as compared with $ 250,112 in revenues from continued operations for the same period ended august 31 , 2018. forty-five percent and 100 % of revenue was generated from one customer during the years ended august 31 , 2019 and 2018 , respectively . our cost of revenues was $ 174,533 for the year ended august 31 , 2019 , as compared with $ 150,022 for the same period ended august 31 , 2018. we had gross profit of $ 259,034 for the year ended august 31 , 2019 , as compared with a gross profit of $ 100,090 for the year ended august 31 , 2018. we expect to continue to achieve steadily increasing revenues within the coming months . however , as we are a start-up , we have limited operating history to rely upon and we can not guarantee that our business plan will be successful . operating expenses we incurred operating expenses in the amount of $ 702,088 for the year ended august 31 , 2019 , compared with operating expenses of $ 977,328 for the year ended august 31 , 2018. our operating expenses for the year ended august 31 , 2019 mainly consisted of general and administrative expenses of $ 525,109 , and related party - salaries and wages of $ 176,979. our operating expenses for the year ended august 31 , 2018 mainly consisted of general and administrative expenses of $ 897,587 , and related party - salaries and wages of $ 79,741. we anticipate our operating expenses will increase as we undertake our plan of operations , including increased costs associated with marketing , personnel , and other general and administrative expenses , along with increased professional fees associated with sec compliance as our business grows more complex and more expensive to maintain . income from discontinued operations on november 16 , 2017 , the company sold the copyright and all other rights in a film named “ gong fu nv pai ” copyright and the mobile application ( amoney ) assets to an unrelated party for $ 253,000 cash . the sales of intangible assets qualified as a discontinued operation of the company and accordingly , the company has excluded results of the operations from its consolidated statements of operations to present this revenue and expenses from these intangible assets in discontinued operations . 15 the following table shows the results of operations of mobile application and copyright for year ended august 31 , 2019 and 2018 which are included in the gain from discontinued operations : years ended august 31 , 2019 2018 revenue $ — $ 49,920 cost of revenue — 11,912 income tax provision — — gain from discontinued operations $ — $ 38,008 net ( loss ) income we incurred a net loss in the amount of $ 404,635 for the year ended august 31 , 2019 , as compared with a net loss of $ 1,111,950 for the year ended august 31 , 2018. story_separator_special_tag companies , the amendments are effective for fiscal years beginning after december 15 , 2019 , and interim periods within fiscal years beginning after december 15 , 2020. early adoption is permitted , but no earlier than a company 's adoption date of topic 606 , revenue from contracts with customers . the company does not currently expect the adoption of the amendment to have a material impact on its consolidated financial position and results of operations . in july 2018 , the fsab issued asu 2018-10 asc topic 842 : “ codification improvements to leases ” the amendments are to address stakeholders ' questions about how to apply certain aspects of the new guidance in accounting standards codification ( asc ) 842 , leases . the clarifications address the rate implicit in the lease , impairment of the net investment in the lease , lessee reassessment of lease classification , lessor reassessment of lease term and purchase options , variable payments that depend on an index or rate and certain transition adjustments . the amendments in asc topic 842 are effective for egc for fiscal years beginning

liquidity and capital resources as of august 31 , 2019 , we had $ 3,992,779 in current assets consisting of cash , prepaid expenses , accounts receivable , related party receivable , note receivable , interest receivable and receivable on asset disposal . our total current liabilities as of august 31 , 2019 were $ 345,122. as a result , we have working capital of $ 3,647,657 as of august 31 , 2019. operating activities used $ 811,102 in cash for the year ended august 31 , 2019 , as compared with $ 866,887 in cash provided for the year ended august 31 , 2018. our negative operating cash flow in 2019 was mainly the result of a change in asset disposal of $ 1,280,000 and our net loss of $ 404,635 from continuing operations . our negative operating cash flow in 2018 was mainly the result of our net loss of $ 1,157,238 from continuing operations . investing activities used $ 1,234,350 in cash for the year ended august 31 , 2019 , as compared with $ 227,000 used for the year ended august 31 , 2018. our negative investing cash flow for the year ended august 31 , 2019 is mainly the result of a note receivable in the amount of $ 1,047,040. our negative investing cash flow for the year ended august 31 , 2018 is the result of our purchase of intangible assets for our cryptocurrency business and our investment in icrowdu , offset by the sale of the copyright and all other rights in a film named “ gong fu nv pai ” copyright and the mobile application ( amoney ) assets to an unrelated party . financing activities provided $ 3,400,000 in cash for the year ended august 31 , 2019 , as compared with $ 1,156,924 for the year ended august 31 , 2018. our positive operating cash flow for both periods was mainly proceeds from the sale of our common stock . there can be no assurance that we will be successful in raising additional funding . if we are not able to secure additional funding , the implementation of our business plan will be impaired .


 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 as of august 31 , 2019 , we had $ 3,992,779 in current assets consisting of cash , prepaid expenses , accounts receivable , related party receivable , note receivable , interest receivable and receivable on asset disposal . our total current liabilities as of august 31 , 2019 were $ 345,122. as a result , we have working capital of $ 3,647,657 as of august 31 , 2019. operating activities used $ 811,102 in cash for the year ended august 31 , 2019 , as compared with $ 866,887 in cash provided for the year ended august 31 , 2018. our negative operating cash flow in 2019 was mainly the result of a change in asset disposal of $ 1,280,000 and our net loss of $ 404,635 from continuing operations . our negative operating cash flow in 2018 was mainly the result of our net loss of $ 1,157,238 from continuing operations . investing activities used $ 1,234,350 in cash for the year ended august 31 , 2019 , as compared with $ 227,000 used for the year ended august 31 , 2018. our negative investing cash flow for the year ended august 31 , 2019 is mainly the result of a note receivable in the amount of $ 1,047,040. our negative investing cash flow for the year ended august 31 , 2018 is the result of our purchase of intangible assets for our cryptocurrency business and our investment in icrowdu , offset by the sale of the copyright and all other rights in a film named “ gong fu nv pai ” copyright and the mobile application ( amoney ) assets to an unrelated party . financing activities provided $ 3,400,000 in cash for the year ended august 31 , 2019 , as compared with $ 1,156,924 for the year ended august 31 , 2018. our positive operating cash flow for both periods was mainly proceeds from the sale of our common stock . there can be no assurance that we will be successful in raising additional funding . if we are not able to secure additional funding , the implementation of our business plan will be impaired .
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 Suspicious Activity Report : by the words “ believes , ” “ project , ” “ expects , ” “ anticipates , ” “ estimates , ” “ intends , ” “ strategy , ” “ plan , ” “ may , ” “ will , ” “ would , ” “ will be , ” “ will continue , ” “ will likely result , ” and similar expressions . we intend such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the private securities litigation reform act of 1995 , and are including this statement for purposes of complying with those safe-harbor provisions . forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements . our ability to predict results or the actual effect of future plans or strategies is inherently uncertain . factors which could have a material adverse effect on our operations and future prospects on a consolidated basis include , but are not limited to : changes in economic conditions , legislative/regulatory changes , availability of capital , interest rates , competition , and generally accepted accounting principles . these risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements . we undertake no obligation to update or revise publicly any forward-looking statements , whether as a result of new information , future events or otherwise . further information concerning our business , including additional factors that could materially affect our financial results , is included herein and in our other filings with the sec . results of operations for the years ended august 31 , 2019 and 2018 revenues we generated $ 433,567 in revenues from continued operations during the year ended august 31 , 2019 , as compared with $ 250,112 in revenues from continued operations for the same period ended august 31 , 2018. forty-five percent and 100 % of revenue was generated from one customer during the years ended august 31 , 2019 and 2018 , respectively . our cost of revenues was $ 174,533 for the year ended august 31 , 2019 , as compared with $ 150,022 for the same period ended august 31 , 2018. we had gross profit of $ 259,034 for the year ended august 31 , 2019 , as compared with a gross profit of $ 100,090 for the year ended august 31 , 2018. we expect to continue to achieve steadily increasing revenues within the coming months . however , as we are a start-up , we have limited operating history to rely upon and we can not guarantee that our business plan will be successful . operating expenses we incurred operating expenses in the amount of $ 702,088 for the year ended august 31 , 2019 , compared with operating expenses of $ 977,328 for the year ended august 31 , 2018. our operating expenses for the year ended august 31 , 2019 mainly consisted of general and administrative expenses of $ 525,109 , and related party - salaries and wages of $ 176,979. our operating expenses for the year ended august 31 , 2018 mainly consisted of general and administrative expenses of $ 897,587 , and related party - salaries and wages of $ 79,741. we anticipate our operating expenses will increase as we undertake our plan of operations , including increased costs associated with marketing , personnel , and other general and administrative expenses , along with increased professional fees associated with sec compliance as our business grows more complex and more expensive to maintain . income from discontinued operations on november 16 , 2017 , the company sold the copyright and all other rights in a film named “ gong fu nv pai ” copyright and the mobile application ( amoney ) assets to an unrelated party for $ 253,000 cash . the sales of intangible assets qualified as a discontinued operation of the company and accordingly , the company has excluded results of the operations from its consolidated statements of operations to present this revenue and expenses from these intangible assets in discontinued operations . 15 the following table shows the results of operations of mobile application and copyright for year ended august 31 , 2019 and 2018 which are included in the gain from discontinued operations : years ended august 31 , 2019 2018 revenue $ — $ 49,920 cost of revenue — 11,912 income tax provision — — gain from discontinued operations $ — $ 38,008 net ( loss ) income we incurred a net loss in the amount of $ 404,635 for the year ended august 31 , 2019 , as compared with a net loss of $ 1,111,950 for the year ended august 31 , 2018. story_separator_special_tag companies , the amendments are effective for fiscal years beginning after december 15 , 2019 , and interim periods within fiscal years beginning after december 15 , 2020. early adoption is permitted , but no earlier than a company 's adoption date of topic 606 , revenue from contracts with customers . the company does not currently expect the adoption of the amendment to have a material impact on its consolidated financial position and results of operations . in july 2018 , the fsab issued asu 2018-10 asc topic 842 : “ codification improvements to leases ” the amendments are to address stakeholders ' questions about how to apply certain aspects of the new guidance in accounting standards codification ( asc ) 842 , leases . the clarifications address the rate implicit in the lease , impairment of the net investment in the lease , lessee reassessment of lease classification , lessor reassessment of lease term and purchase options , variable payments that depend on an index or rate and certain transition adjustments . the amendments in asc topic 842 are effective for egc for fiscal years beginning story_separator_special_tag by the words “ believes , ” “ project , ” “ expects , ” “ anticipates , ” “ estimates , ” “ intends , ” “ strategy , ” “ plan , ” “ may , ” “ will , ” “ would , ” “ will be , ” “ will continue , ” “ will likely result , ” and similar expressions . we intend such forward-looking statements to be covered by the safe-harbor provisions for forward-looking statements contained in the private securities litigation reform act of 1995 , and are including this statement for purposes of complying with those safe-harbor provisions . forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements . our ability to predict results or the actual effect of future plans or strategies is inherently uncertain . factors which could have a material adverse effect on our operations and future prospects on a consolidated basis include , but are not limited to : changes in economic conditions , legislative/regulatory changes , availability of capital , interest rates , competition , and generally accepted accounting principles . these risks and uncertainties should also be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements . we undertake no obligation to update or revise publicly any forward-looking statements , whether as a result of new information , future events or otherwise . further information concerning our business , including additional factors that could materially affect our financial results , is included herein and in our other filings with the sec . results of operations for the years ended august 31 , 2019 and 2018 revenues we generated $ 433,567 in revenues from continued operations during the year ended august 31 , 2019 , as compared with $ 250,112 in revenues from continued operations for the same period ended august 31 , 2018. forty-five percent and 100 % of revenue was generated from one customer during the years ended august 31 , 2019 and 2018 , respectively . our cost of revenues was $ 174,533 for the year ended august 31 , 2019 , as compared with $ 150,022 for the same period ended august 31 , 2018. we had gross profit of $ 259,034 for the year ended august 31 , 2019 , as compared with a gross profit of $ 100,090 for the year ended august 31 , 2018. we expect to continue to achieve steadily increasing revenues within the coming months . however , as we are a start-up , we have limited operating history to rely upon and we can not guarantee that our business plan will be successful . operating expenses we incurred operating expenses in the amount of $ 702,088 for the year ended august 31 , 2019 , compared with operating expenses of $ 977,328 for the year ended august 31 , 2018. our operating expenses for the year ended august 31 , 2019 mainly consisted of general and administrative expenses of $ 525,109 , and related party - salaries and wages of $ 176,979. our operating expenses for the year ended august 31 , 2018 mainly consisted of general and administrative expenses of $ 897,587 , and related party - salaries and wages of $ 79,741. we anticipate our operating expenses will increase as we undertake our plan of operations , including increased costs associated with marketing , personnel , and other general and administrative expenses , along with increased professional fees associated with sec compliance as our business grows more complex and more expensive to maintain . income from discontinued operations on november 16 , 2017 , the company sold the copyright and all other rights in a film named “ gong fu nv pai ” copyright and the mobile application ( amoney ) assets to an unrelated party for $ 253,000 cash . the sales of intangible assets qualified as a discontinued operation of the company and accordingly , the company has excluded results of the operations from its consolidated statements of operations to present this revenue and expenses from these intangible assets in discontinued operations . 15 the following table shows the results of operations of mobile application and copyright for year ended august 31 , 2019 and 2018 which are included in the gain from discontinued operations : years ended august 31 , 2019 2018 revenue $ — $ 49,920 cost of revenue — 11,912 income tax provision — — gain from discontinued operations $ — $ 38,008 net ( loss ) income we incurred a net loss in the amount of $ 404,635 for the year ended august 31 , 2019 , as compared with a net loss of $ 1,111,950 for the year ended august 31 , 2018. story_separator_special_tag companies , the amendments are effective for fiscal years beginning after december 15 , 2019 , and interim periods within fiscal years beginning after december 15 , 2020. early adoption is permitted , but no earlier than a company 's adoption date of topic 606 , revenue from contracts with customers . the company does not currently expect the adoption of the amendment to have a material impact on its consolidated financial position and results of operations . in july 2018 , the fsab issued asu 2018-10 asc topic 842 : “ codification improvements to leases ” the amendments are to address stakeholders ' questions about how to apply certain aspects of the new guidance in accounting standards codification ( asc ) 842 , leases . the clarifications address the rate implicit in the lease , impairment of the net investment in the lease , lessee reassessment of lease classification , lessor reassessment of lease term and purchase options , variable payments that depend on an index or rate and certain transition adjustments . the amendments in asc topic 842 are effective for egc for fiscal years beginning

