the company reduces inventories for the diminution of value , resulting from product obsolescence , damage or other issues affecting marketability , equal to the difference between the cost of the inventory and its estimated net realizable value . factors utilized in the determination of estimated net realizable value include ( i ) current sales data and historical return rates , ( ii ) estimates of future demand , ( iii ) competitive pricing pressures , ( iv ) new product introductions , ( v ) product expiration dates , and ( vi ) component and packaging obsolescence . the company evaluates its current level of inventories considering historical sales and other factors and , based on this evaluation , classify inventory markdowns in the income statement as a component of cost of goods sold pursuant to paragraph 420-10-s99 of the fasb accounting standards codification to adjust inventories to net realizable value . these markdowns are estimates , which could vary significantly from actual requirements if future economic conditions , customer demand or competition differ from expectations . revenue recognition the company 's revenue recognition policies are in compliance with asc 605 ( originally issued as staff accounting bulletin ( sab ) 104 ) . revenue is recognized at the date of shipment to customers when a formal arrangement exists , the price is fixed or determinable , the delivery is completed , no other significant obligations of the company exist and collectability is reasonably assured . payments received before all of the relevant criteria for revenue recognition are satisfied are recorded as unearned revenue . discounts provided to customers by the company at the time of sale are recognized as a reduction in sales as the products are sold . sales taxes are not recorded as a component of sales . 9 the company derives its revenues from sales contracts with customers with revenues being generated upon the shipment of merchandise . persuasive evidence of an arrangement is demonstrated via sales invoice or contract ; product delivery is evidenced by warehouse shipping log as well as a signed acknowledgement of receipt from the customers or a signed bill of lading from the third party trucking company and title transfers upon shipment , based on free on board ( “ fob ” ) warehouse terms ; the sales price to the customer is fixed upon acceptance of the signed purchase order or contract and there is no separate sales rebate , discount , or volume incentive . when the company recognizes revenue , no provisions are made for returns because , historically , there have been very few sales returns and adjustments that have impacted the ultimate collection of revenues . net sales of products represent the invoiced value of goods , net of value added taxes ( “ vat ” ) . the company is subject to vat which is levied on all of the company 's products at the rate of 5 % on the invoiced value of sales . sales or output vat is borne by customers in addition to the invoiced value of sales and purchase or input vat is borne by the company in addition to the invoiced value of purchases to the extent not refunded for export sales . foreign currency translation the company follows section 830-10-45 of the fasb accounting standards codification ( “ section 830-10-45 ” ) for foreign currency translation to translate the financial statements of the foreign subsidiary from the functional currency , generally the local currency , into u.s. dollars . section 830-10-45 sets out the guidance relating to how a reporting entity determines the functional currency of a foreign entity ( including of a foreign entity in a highly inflationary economy ) , re-measures the books of record ( if necessary ) , and characterizes transaction gains and losses . the assets , liabilities , and operations of a foreign entity shall be measured using the functional currency of that entity . an entity 's functional currency is the currency of the primary economic environment in which the entity operates ; normally , that is the currency of the environment , or local currency , in which an entity primarily generates and expends cash . the functional currency of each foreign subsidiary is determined based on management 's judgment and involves consideration of all relevant economic facts and circumstances affecting the subsidiary . generally , the currency in which the subsidiary transacts a majority of its transactions , including billings , financing , payroll and other expenditures , would be considered the functional currency , but any dependency upon the parent and the nature of the subsidiary 's operations must also be considered . if a subsidiary 's functional currency is deemed to be the local currency , then any gain or loss associated with the translation of that subsidiary 's financial statements is included in accumulated other comprehensive income . however , if the functional currency is deemed to be the u.s. dollar , then any gain or loss associated with the re-measurement of these financial statements from the local currency to the functional currency would be included in the consolidated statements of comprehensive income ( loss ) . if the company disposes of foreign subsidiaries , then any cumulative translation gains or losses would be recorded into the consolidated statements of comprehensive income ( loss ) . if the company determines that there has been a change in the functional currency of a subsidiary to the u.s. dollar , any translation gains or losses arising after the date of change would be included within the statement of comprehensive income ( loss ) . based on an assessment of the factors discussed above , the management of the company determined the relevant subsidiaries ' local currencies to be their respective functional currencies . the financial records of the company 's taiwan operating subsidiaries acquired on november 30 , 2013 are maintained in their local currency , the story_separator_special_tag the company reduces inventories for the diminution of value , resulting from product obsolescence , damage or other issues affecting marketability , equal to the difference between the cost of the inventory and its estimated net realizable value . factors utilized in the determination of estimated net realizable value include ( i ) current sales data and historical return rates , ( ii ) estimates of future demand , ( iii ) competitive pricing pressures , ( iv ) new product introductions , ( v ) product expiration dates , and ( vi ) component and packaging obsolescence . the company evaluates its current level of inventories considering historical sales and other factors and , based on this evaluation , classify inventory markdowns in the income statement as a component of cost of goods sold pursuant to paragraph 420-10-s99 of the fasb accounting standards codification to adjust inventories to net realizable value . these markdowns are estimates , which could vary significantly from actual requirements if future economic conditions , customer demand or competition differ from expectations . revenue recognition the company 's revenue recognition policies are in compliance with asc 605 ( originally issued as staff accounting bulletin ( sab ) 104 ) . revenue is recognized at the date of shipment to customers when a formal arrangement exists , the price is fixed or determinable , the delivery is completed , no other significant obligations of the company exist and collectability is reasonably assured . payments received before all of the relevant criteria for revenue recognition are satisfied are recorded as unearned revenue . discounts provided to customers by the company at the time of sale are recognized as a reduction in sales as the products are sold . sales taxes are not recorded as a component of sales . 9 the company derives its revenues from sales contracts with customers with revenues being generated upon the shipment of merchandise . persuasive evidence of an arrangement is demonstrated via sales invoice or contract ; product delivery is evidenced by warehouse shipping log as well as a signed acknowledgement of receipt from the customers or a signed bill of lading from the third party trucking company and title transfers upon shipment , based on free on board ( “ fob ” ) warehouse terms ; the sales price to the customer is fixed upon acceptance of the signed purchase order or contract and there is no separate sales rebate , discount , or volume incentive . when the company recognizes revenue , no provisions are made for returns because , historically , there have been very few sales returns and adjustments that have impacted the ultimate collection of revenues . net sales of products represent the invoiced value of goods , net of value added taxes ( “ vat ” ) . the company is subject to vat which is levied on all of the company 's products at the rate of 5 % on the invoiced value of sales . sales or output vat is borne by customers in addition to the invoiced value of sales and purchase or input vat is borne by the company in addition to the invoiced value of purchases to the extent not refunded for export sales . foreign currency translation the company follows section 830-10-45 of the fasb accounting standards codification ( “ section 830-10-45 ” ) for foreign currency translation to translate the financial statements of the foreign subsidiary from the functional currency , generally the local currency , into u.s. dollars . section 830-10-45 sets out the guidance relating to how a reporting entity determines the functional currency of a foreign entity ( including of a foreign entity in a highly inflationary economy ) , re-measures the books of record ( if necessary ) , and characterizes transaction gains and losses . the assets , liabilities , and operations of a foreign entity shall be measured using the functional currency of that entity . an entity 's functional currency is the currency of the primary economic environment in which the entity operates ; normally , that is the currency of the environment , or local currency , in which an entity primarily generates and expends cash . the functional currency of each foreign subsidiary is determined based on management 's judgment and involves consideration of all relevant economic facts and circumstances affecting the subsidiary . generally , the currency in which the subsidiary transacts a majority of its transactions , including billings , financing , payroll and other expenditures , would be considered the functional currency , but any dependency upon the parent and the nature of the subsidiary 's operations must also be considered . if a subsidiary 's functional currency is deemed to be the local currency , then any gain or loss associated with the translation of that subsidiary 's financial statements is included in accumulated other comprehensive income . however , if the functional currency is deemed to be the u.s. dollar , then any gain or loss associated with the re-measurement of these financial statements from the local currency to the functional currency would be included in the consolidated statements of comprehensive income ( loss ) . if the company disposes of foreign subsidiaries , then any cumulative translation gains or losses would be recorded into the consolidated statements of comprehensive income ( loss ) . if the company determines that there has been a change in the functional currency of a subsidiary to the u.s. dollar , any translation gains or losses arising after the date of change would be included within the statement of comprehensive income ( loss ) . based on an assessment of the factors discussed above , the management of the company determined the relevant subsidiaries ' local currencies to be their respective functional currencies . the financial records of the company 's taiwan operating subsidiaries acquired on november 30 , 2013 are maintained in their local currency , the

liquidity and capital resources we have funded our operations to date primarily through operations , and related party loans and capital contributions . due to our net loss and negative cash flow from operating activities , there is substantial doubt about the company 's ability to continue as a going concern . the company 's management recognizes that the company must generate sales and obtain additional financial resources to continue to develop its operations as of december 31 , 2017 , we had a working capital deficit of $ 78,508. our current assets on december 31 , 2017 were $ 65,044 primarily consisting of cash of $ 50,044 , and account receivable of $ 15,000. our current liabilities were primarily composed of credit card payable of $ 4,630 , convertible promissory notes of $ 95,000 and accrued expenses and other current liabilities of $ 43,922. cash flow from operating activities net cash used in operating activities was $ 22,994 during the year ended december 31 , 2017 , which consisted of our net loss from continuing operation of $ 251,637 , offset by non-cash interest of $ 95,000 , a change of accounts receivable of $ 15,000 , a change of credit card payable of $ 4,630 , a change of accrued expenses of $ 32,188 and net cash provided by discontinued operation of $ 111,825. net cash used in operating activities was $ 130,776 during the year ended december 31 , 2016 , which consisted of our net loss from continuing operation of $ 209,347 , offset by a change of accounts payable of $ 18,000 , a change of accrued expenses of $ 9,000 and net cash provided by discontinued operation of $


 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 we have funded our operations to date primarily through operations , and related party loans and capital contributions . due to our net loss and negative cash flow from operating activities , there is substantial doubt about the company 's ability to continue as a going concern . the company 's management recognizes that the company must generate sales and obtain additional financial resources to continue to develop its operations as of december 31 , 2017 , we had a working capital deficit of $ 78,508. our current assets on december 31 , 2017 were $ 65,044 primarily consisting of cash of $ 50,044 , and account receivable of $ 15,000. our current liabilities were primarily composed of credit card payable of $ 4,630 , convertible promissory notes of $ 95,000 and accrued expenses and other current liabilities of $ 43,922. cash flow from operating activities net cash used in operating activities was $ 22,994 during the year ended december 31 , 2017 , which consisted of our net loss from continuing operation of $ 251,637 , offset by non-cash interest of $ 95,000 , a change of accounts receivable of $ 15,000 , a change of credit card payable of $ 4,630 , a change of accrued expenses of $ 32,188 and net cash provided by discontinued operation of $ 111,825. net cash used in operating activities was $ 130,776 during the year ended december 31 , 2016 , which consisted of our net loss from continuing operation of $ 209,347 , offset by a change of accounts payable of $ 18,000 , a change of accrued expenses of $ 9,000 and net cash provided by discontinued operation of $
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 Suspicious Activity Report : the company reduces inventories for the diminution of value , resulting from product obsolescence , damage or other issues affecting marketability , equal to the difference between the cost of the inventory and its estimated net realizable value . factors utilized in the determination of estimated net realizable value include ( i ) current sales data and historical return rates , ( ii ) estimates of future demand , ( iii ) competitive pricing pressures , ( iv ) new product introductions , ( v ) product expiration dates , and ( vi ) component and packaging obsolescence . the company evaluates its current level of inventories considering historical sales and other factors and , based on this evaluation , classify inventory markdowns in the income statement as a component of cost of goods sold pursuant to paragraph 420-10-s99 of the fasb accounting standards codification to adjust inventories to net realizable value . these markdowns are estimates , which could vary significantly from actual requirements if future economic conditions , customer demand or competition differ from expectations . revenue recognition the company 's revenue recognition policies are in compliance with asc 605 ( originally issued as staff accounting bulletin ( sab ) 104 ) . revenue is recognized at the date of shipment to customers when a formal arrangement exists , the price is fixed or determinable , the delivery is completed , no other significant obligations of the company exist and collectability is reasonably assured . payments received before all of the relevant criteria for revenue recognition are satisfied are recorded as unearned revenue . discounts provided to customers by the company at the time of sale are recognized as a reduction in sales as the products are sold . sales taxes are not recorded as a component of sales . 9 the company derives its revenues from sales contracts with customers with revenues being generated upon the shipment of merchandise . persuasive evidence of an arrangement is demonstrated via sales invoice or contract ; product delivery is evidenced by warehouse shipping log as well as a signed acknowledgement of receipt from the customers or a signed bill of lading from the third party trucking company and title transfers upon shipment , based on free on board ( “ fob ” ) warehouse terms ; the sales price to the customer is fixed upon acceptance of the signed purchase order or contract and there is no separate sales rebate , discount , or volume incentive . when the company recognizes revenue , no provisions are made for returns because , historically , there have been very few sales returns and adjustments that have impacted the ultimate collection of revenues . net sales of products represent the invoiced value of goods , net of value added taxes ( “ vat ” ) . the company is subject to vat which is levied on all of the company 's products at the rate of 5 % on the invoiced value of sales . sales or output vat is borne by customers in addition to the invoiced value of sales and purchase or input vat is borne by the company in addition to the invoiced value of purchases to the extent not refunded for export sales . foreign currency translation the company follows section 830-10-45 of the fasb accounting standards codification ( “ section 830-10-45 ” ) for foreign currency translation to translate the financial statements of the foreign subsidiary from the functional currency , generally the local currency , into u.s. dollars . section 830-10-45 sets out the guidance relating to how a reporting entity determines the functional currency of a foreign entity ( including of a foreign entity in a highly inflationary economy ) , re-measures the books of record ( if necessary ) , and characterizes transaction gains and losses . the assets , liabilities , and operations of a foreign entity shall be measured using the functional currency of that entity . an entity 's functional currency is the currency of the primary economic environment in which the entity operates ; normally , that is the currency of the environment , or local currency , in which an entity primarily generates and expends cash . the functional currency of each foreign subsidiary is determined based on management 's judgment and involves consideration of all relevant economic facts and circumstances affecting the subsidiary . generally , the currency in which the subsidiary transacts a majority of its transactions , including billings , financing , payroll and other expenditures , would be considered the functional currency , but any dependency upon the parent and the nature of the subsidiary 's operations must also be considered . if a subsidiary 's functional currency is deemed to be the local currency , then any gain or loss associated with the translation of that subsidiary 's financial statements is included in accumulated other comprehensive income . however , if the functional currency is deemed to be the u.s. dollar , then any gain or loss associated with the re-measurement of these financial statements from the local currency to the functional currency would be included in the consolidated statements of comprehensive income ( loss ) . if the company disposes of foreign subsidiaries , then any cumulative translation gains or losses would be recorded into the consolidated statements of comprehensive income ( loss ) . if the company determines that there has been a change in the functional currency of a subsidiary to the u.s. dollar , any translation gains or losses arising after the date of change would be included within the statement of comprehensive income ( loss ) . based on an assessment of the factors discussed above , the management of the company determined the relevant subsidiaries ' local currencies to be their respective functional currencies . the financial records of the company 's taiwan operating subsidiaries acquired on november 30 , 2013 are maintained in their local currency , the story_separator_special_tag the company reduces inventories for the diminution of value , resulting from product obsolescence , damage or other issues affecting marketability , equal to the difference between the cost of the inventory and its estimated net realizable value . factors utilized in the determination of estimated net realizable value include ( i ) current sales data and historical return rates , ( ii ) estimates of future demand , ( iii ) competitive pricing pressures , ( iv ) new product introductions , ( v ) product expiration dates , and ( vi ) component and packaging obsolescence . the company evaluates its current level of inventories considering historical sales and other factors and , based on this evaluation , classify inventory markdowns in the income statement as a component of cost of goods sold pursuant to paragraph 420-10-s99 of the fasb accounting standards codification to adjust inventories to net realizable value . these markdowns are estimates , which could vary significantly from actual requirements if future economic conditions , customer demand or competition differ from expectations . revenue recognition the company 's revenue recognition policies are in compliance with asc 605 ( originally issued as staff accounting bulletin ( sab ) 104 ) . revenue is recognized at the date of shipment to customers when a formal arrangement exists , the price is fixed or determinable , the delivery is completed , no other significant obligations of the company exist and collectability is reasonably assured . payments received before all of the relevant criteria for revenue recognition are satisfied are recorded as unearned revenue . discounts provided to customers by the company at the time of sale are recognized as a reduction in sales as the products are sold . sales taxes are not recorded as a component of sales . 9 the company derives its revenues from sales contracts with customers with revenues being generated upon the shipment of merchandise . persuasive evidence of an arrangement is demonstrated via sales invoice or contract ; product delivery is evidenced by warehouse shipping log as well as a signed acknowledgement of receipt from the customers or a signed bill of lading from the third party trucking company and title transfers upon shipment , based on free on board ( “ fob ” ) warehouse terms ; the sales price to the customer is fixed upon acceptance of the signed purchase order or contract and there is no separate sales rebate , discount , or volume incentive . when the company recognizes revenue , no provisions are made for returns because , historically , there have been very few sales returns and adjustments that have impacted the ultimate collection of revenues . net sales of products represent the invoiced value of goods , net of value added taxes ( “ vat ” ) . the company is subject to vat which is levied on all of the company 's products at the rate of 5 % on the invoiced value of sales . sales or output vat is borne by customers in addition to the invoiced value of sales and purchase or input vat is borne by the company in addition to the invoiced value of purchases to the extent not refunded for export sales . foreign currency translation the company follows section 830-10-45 of the fasb accounting standards codification ( “ section 830-10-45 ” ) for foreign currency translation to translate the financial statements of the foreign subsidiary from the functional currency , generally the local currency , into u.s. dollars . section 830-10-45 sets out the guidance relating to how a reporting entity determines the functional currency of a foreign entity ( including of a foreign entity in a highly inflationary economy ) , re-measures the books of record ( if necessary ) , and characterizes transaction gains and losses . the assets , liabilities , and operations of a foreign entity shall be measured using the functional currency of that entity . an entity 's functional currency is the currency of the primary economic environment in which the entity operates ; normally , that is the currency of the environment , or local currency , in which an entity primarily generates and expends cash . the functional currency of each foreign subsidiary is determined based on management 's judgment and involves consideration of all relevant economic facts and circumstances affecting the subsidiary . generally , the currency in which the subsidiary transacts a majority of its transactions , including billings , financing , payroll and other expenditures , would be considered the functional currency , but any dependency upon the parent and the nature of the subsidiary 's operations must also be considered . if a subsidiary 's functional currency is deemed to be the local currency , then any gain or loss associated with the translation of that subsidiary 's financial statements is included in accumulated other comprehensive income . however , if the functional currency is deemed to be the u.s. dollar , then any gain or loss associated with the re-measurement of these financial statements from the local currency to the functional currency would be included in the consolidated statements of comprehensive income ( loss ) . if the company disposes of foreign subsidiaries , then any cumulative translation gains or losses would be recorded into the consolidated statements of comprehensive income ( loss ) . if the company determines that there has been a change in the functional currency of a subsidiary to the u.s. dollar , any translation gains or losses arising after the date of change would be included within the statement of comprehensive income ( loss ) . based on an assessment of the factors discussed above , the management of the company determined the relevant subsidiaries ' local currencies to be their respective functional currencies . the financial records of the company 's taiwan operating subsidiaries acquired on november 30 , 2013 are maintained in their local currency , the

