we record revenue from the sale of food and beverages as products are sold . royalties are accrued as earned and are calculated each period based on restaurant sales . franchise fees from individual franchise sales is recognized upon the opening of the franchised restaurant when all material obligations and initial services to be provided by us have been performed . area development fees are dependent upon the number of restaurants in the territory , as are our obligations under the area development agreement . consequently , as obligations are met , area development fees are recognized proportionally with expenses incurred with the opening of each new restaurant and any royalty-free periods . we record gift cards under a dick 's wings system-wide program . gift cards sold are recorded as a gift card liability . when redeemed , the gift card liability account is offset by recording the transaction as revenue . breakage income represents the value associated with the portion of gift cards sold that will most likely never be redeemed . based on our historical gift card redemption patterns and the fact that our gift cards have no expiration dates or dormancy fees , we can reasonably estimate the amount of gift card balances for which redemption is remote and record breakage income based on this estimate . we update our estimate of the breakage rate periodically and , if necessary , adjusts the gift card liability balance accordingly . investment in paradise on wings on january 20 , 2014 , we purchased a 50 % ownership interest in paradise on wings , which is the franchisor of the wing nutz brand of restaurants . a description of our investment in paradise on wings is set forth herein under note 4. investment in paradise on wings in our consolidated financial statements . we accounted for our investment in paradise on wings under the equity method of accounting in accordance with asc topic 323 , investments – equity method and joint ventures ( “ asc 323 ” ) . asc 323 provides that investments be accounted for under the equity method of accounting when the investor has the ability to exert significant influence , but not control , over the operating and financial policies of the investee . the determination of the level of influence that an investor has over each equity method investment involves consideration of such factors as the investor 's ownership interest , representation on the board of directors , participation in policy-making decisions and material intercompany transactions . investments accounted for under the equity method are recorded at the fair value amount of the investor 's initial investment on the balance sheet and adjusted each period for the investor 's share of the investee 's income or loss . the investor 's share of the income or losses from equity investments is reported as a component of other income / ( expense ) in the statements of operations . contributions paid to , and distributions received from , equity investees are recorded as additions or reductions , respectively , to the respective investment balance . 44 we review our investment in paradise on wings for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable in accordance with asc 323. the standard for determining whether an impairment must be recorded under asc 323 is whether an “ other-than-temporary ” decline in value of the investment has occurred . the evaluation and measurement of impairments under asc 323 involves quantitative and qualitative factors and circumstances surrounding the investment , such as recurring operating losses , credit defaults and subsequent rounds of financing . if an unrealized loss on the investment is considered to be other-than-temporary , the loss is recognized in the period the determination is made and the value of the investment is reduced by the amount of the loss . acquisition of seediv on december 19 , 2016 , we acquired all of the issued and outstanding membership interests of seediv . a description of our acquisition of seediv is set forth herein under note 5. acquisition of seediv in our consolidated financial statements . we determined that the acquisition of seediv constituted a business combination as defined by asc topic 805 , business combinations ( “ asc 805 ” ) . we also determined that the acquisition of seediv constituted a transaction involving entities under common control for the reasons set forth herein under note 5. acquisition of seediv in our consolidated financial statements . under asc 805 , the assets acquired and liabilities assumed from entities under common control are recorded at their acquisition date carrying value . the carrying value of the assets acquired and liabilities assumed were determined in accordance with the provisions of asc topic 820 , fair value measurements and disclosures . under asc 805 , the excess of the purchase price over the fair value of the assets acquired is typically recognized as goodwill . however , under asc 805 , the excess of the purchase price over the fair value of the assets acquired can not be recognized as goodwill in a transaction involving entities under common control . accordingly , we recognized such excess as seediv compensation expense in accordance with the provisions of asc 805 and included this amount under general and administrative expenses . pursuant to the provisions of asc 805 , acquisition-related transaction costs and acquisition-related restructuring charges were not included as components of consideration transferred but were accounted for as expenses in the period in which the costs were incurred . stock-based compensation we account for employee stock-based compensation in accordance with the fair value recognition provisions of asc topic 718 , compensation – stock compensation ( “ asc 718 ” ) . story_separator_special_tag we recognized a gain on write-off of liabilities of $ 251,238 for the year ended december 31 , 2017. we did not recognize any gains on the settlement of litigation for the year ended december 31 , 2016. we do not expect to recognize any additional gains on write-off of liabilities during the next 12 months . loss from investment in paradise on wings loss from investment in paradise on wings consists of our share of the loss from our 50 % ownership interest in paradise on wings that we purchased on january 20 , 2014. loss from investment in paradise on wings was $ 222,685 for the year ended december 31 , 2016. we did not incur any loss from investment in paradise on wings for the year ended december 31 , 2017. we recognized an impairment charge for the full value of our investment in paradise on wings during the year ended december 31 , 2016 and sold our 50 % ownership interest in paradise on wings on october 1 , 2017. paradise on wings incurred additional losses for each of our fiscal quarters during the period commencing january 1 , 2017 and ending october 1 , 2017. as a result of our recognition of the impairment charge for the full value of our investment in paradise on wings and the continued loss that paradise on wings incurred thereafter , we did not recognize any further losses from our investment in paradise on wings during the year ended december 31 , 2017. in addition , because we sold our 50 % ownership interest in paradise on wings on october 1 , 2017 , we do not expect to recognize additional income and losses from our investment in paradise on wings during the next 12 months . a description of our investment in paradise on wings is set forth herein under note 4. investment in paradise on wings in our consolidated financial statements . 50 gain on settlement of litigation gain on settlement of litigation consists of the gains that we recognized on judgments in legal proceedings and settlements of legal proceedings . we recognized a gain on settlement of litigation of $ 82,642 for the year ended december 31 , 2016. we did not recognize any gains on the settlement of litigation for the year ended december 31 , 2017. the gain that we recognized during the year ended december 31 , 2016 related to a partial settlement of the damages sought by santander bank in connection with a complaint filed in january 2015. a summary of these legal proceedings is set forth herein under note 16. judgments in legal proceedings in our consolidated financial statements . we do not expect to recognize any additional gains or losses on settlement of legal proceedings during the next 12 months . gain on settlement of liabilities gain on settlement of liabilities consists of the gain that we realized upon entering into a settlement agreement with guiseppe cala with respect to several legal proceedings that had been initiated between us and mr. cala in 2009 and breaches of a different settlement agreement entered into between us and mr. cala in 2010 with respect to the such legal proceedings . we recognized a gain on settlement of liabilities of $ 175,449 for the year ended december 31 , 2016. we did not recognize any gain on the settlement of liabilities for the year ended december 31 , 2017. a description of the current settlement agreement , the 2010 settlement agreement and the legal proceedings is set forth herein under note 16. judgments in legal proceedings in our consolidated financial statements . we do not expect to generate any additional gain on settlement of liabilities during the next 12 months . gain on write-off of accounts payable gain on write-off of accounts payable consists of the gain that we realized upon the write-off of accounts payable in the amount of $ 251,238 that had been outstanding for more than five years . the statute of limitations applicable to these payables expired during the year ended december 31 , 2017 and we had not received any communications from any of the applicable vendors during the past five years . we determined that the possibility that any vendor would contact us seeking payment for any of such accounts payable and recover a judgment for such payment was remote . accordingly , we concluded that the $ 251,238 of accounts payable should be written off as of december 31 , 2017. we did not have any gain on the write-off of accounts payable for the year ended december 31 , 2016. a summary of this write-off is set forth herein under note 14. commitments and contingencies – accounts payable in our consolidated financial statements . we do not expect to generate any additional gains on write-offs of accounts payable during the next 12 months . 51 gain on write-off of stock subscriptions payable gain on write-off of stock subscriptions payable consists of the gain that we realized upon the write-off of a stock subscription payable in the amount of $ 150,000 that accrued under a consulting agreement executed in september 2011. we determined that the probability that we would have to issue any shares of common stock to the consultant , or pay any other form of consideration to the consultant , was remote . accordingly , we concluded that the $ 150,000 of stock subscription payable should be written off as of december 31 , 2017. we did not have any gain on write-off of stock subscriptions payable for the year ended december 31 , 2016. a summary of this write-off is set forth herein under note 11. capital stock in our consolidated financial statements . we do not expect to generate any additional gains on write-offs of stock subscriptions payable during the next 12 months . net income / ( loss ) we generated net income of $ 344,740 during the year ended december

liquidity and capital resources since our inception , we have funded our operations primarily through cash generated by our operations , private sales of equity securities and the use of short- and long-term debt . net cash provided by operating activities was $ 248,345 during the year ended december 31 , 2017. net cash used by operating activities was $ 10,087 during the year ended december 31 , 2016. the difference of $ 258,432 was due primarily to an improvement of $ 1,158,453 for net income , and increases of $ 205,903 for stock compensation expense , $ 82,642 for gain on settlement of litigation , $ 175,449 for gain on settlement of liabilities and $ 178,785 for contingent consideration . this was partially offset by decreases of $ 222,685 for loss on investment in paradise on wings , $ 348,143 for loss on impairment of investment in paradise on wings , $ 251,309 for other compensation expense incurred in connection with our acquisition of seediv , $ 175,703 for accounts payable and accrued liabilities , and increases of $ 251,238 for gain on write-off of accounts payable , $ 81,373 for accounts receivable , $ 39,117 for ad fund receivable , and $ 150,000 for gain on write-off of stock subscriptions payable . net cash provided by investing activities was $ 48,147 during the year ended december 31 , 2017 compared to $ 38,132 during the year ended december 31 , 2016. the increase of $ 10,015 for net cash provided by investing activities was due primarily a decrease of $ 498,907 for the issuance of notes receivable and an increase of $ 24,000 for sales of investment in paradise on wings . this was partially offset by a decrease of $ 474,335 for the repayment of notes receivable and an increase of $ 34,133 for purchases of fixed assets .


 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 since our inception , we have funded our operations primarily through cash generated by our operations , private sales of equity securities and the use of short- and long-term debt . net cash provided by operating activities was $ 248,345 during the year ended december 31 , 2017. net cash used by operating activities was $ 10,087 during the year ended december 31 , 2016. the difference of $ 258,432 was due primarily to an improvement of $ 1,158,453 for net income , and increases of $ 205,903 for stock compensation expense , $ 82,642 for gain on settlement of litigation , $ 175,449 for gain on settlement of liabilities and $ 178,785 for contingent consideration . this was partially offset by decreases of $ 222,685 for loss on investment in paradise on wings , $ 348,143 for loss on impairment of investment in paradise on wings , $ 251,309 for other compensation expense incurred in connection with our acquisition of seediv , $ 175,703 for accounts payable and accrued liabilities , and increases of $ 251,238 for gain on write-off of accounts payable , $ 81,373 for accounts receivable , $ 39,117 for ad fund receivable , and $ 150,000 for gain on write-off of stock subscriptions payable . net cash provided by investing activities was $ 48,147 during the year ended december 31 , 2017 compared to $ 38,132 during the year ended december 31 , 2016. the increase of $ 10,015 for net cash provided by investing activities was due primarily a decrease of $ 498,907 for the issuance of notes receivable and an increase of $ 24,000 for sales of investment in paradise on wings . this was partially offset by a decrease of $ 474,335 for the repayment of notes receivable and an increase of $ 34,133 for purchases of fixed assets .
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 Suspicious Activity Report : we record revenue from the sale of food and beverages as products are sold . royalties are accrued as earned and are calculated each period based on restaurant sales . franchise fees from individual franchise sales is recognized upon the opening of the franchised restaurant when all material obligations and initial services to be provided by us have been performed . area development fees are dependent upon the number of restaurants in the territory , as are our obligations under the area development agreement . consequently , as obligations are met , area development fees are recognized proportionally with expenses incurred with the opening of each new restaurant and any royalty-free periods . we record gift cards under a dick 's wings system-wide program . gift cards sold are recorded as a gift card liability . when redeemed , the gift card liability account is offset by recording the transaction as revenue . breakage income represents the value associated with the portion of gift cards sold that will most likely never be redeemed . based on our historical gift card redemption patterns and the fact that our gift cards have no expiration dates or dormancy fees , we can reasonably estimate the amount of gift card balances for which redemption is remote and record breakage income based on this estimate . we update our estimate of the breakage rate periodically and , if necessary , adjusts the gift card liability balance accordingly . investment in paradise on wings on january 20 , 2014 , we purchased a 50 % ownership interest in paradise on wings , which is the franchisor of the wing nutz brand of restaurants . a description of our investment in paradise on wings is set forth herein under note 4. investment in paradise on wings in our consolidated financial statements . we accounted for our investment in paradise on wings under the equity method of accounting in accordance with asc topic 323 , investments – equity method and joint ventures ( “ asc 323 ” ) . asc 323 provides that investments be accounted for under the equity method of accounting when the investor has the ability to exert significant influence , but not control , over the operating and financial policies of the investee . the determination of the level of influence that an investor has over each equity method investment involves consideration of such factors as the investor 's ownership interest , representation on the board of directors , participation in policy-making decisions and material intercompany transactions . investments accounted for under the equity method are recorded at the fair value amount of the investor 's initial investment on the balance sheet and adjusted each period for the investor 's share of the investee 's income or loss . the investor 's share of the income or losses from equity investments is reported as a component of other income / ( expense ) in the statements of operations . contributions paid to , and distributions received from , equity investees are recorded as additions or reductions , respectively , to the respective investment balance . 44 we review our investment in paradise on wings for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable in accordance with asc 323. the standard for determining whether an impairment must be recorded under asc 323 is whether an “ other-than-temporary ” decline in value of the investment has occurred . the evaluation and measurement of impairments under asc 323 involves quantitative and qualitative factors and circumstances surrounding the investment , such as recurring operating losses , credit defaults and subsequent rounds of financing . if an unrealized loss on the investment is considered to be other-than-temporary , the loss is recognized in the period the determination is made and the value of the investment is reduced by the amount of the loss . acquisition of seediv on december 19 , 2016 , we acquired all of the issued and outstanding membership interests of seediv . a description of our acquisition of seediv is set forth herein under note 5. acquisition of seediv in our consolidated financial statements . we determined that the acquisition of seediv constituted a business combination as defined by asc topic 805 , business combinations ( “ asc 805 ” ) . we also determined that the acquisition of seediv constituted a transaction involving entities under common control for the reasons set forth herein under note 5. acquisition of seediv in our consolidated financial statements . under asc 805 , the assets acquired and liabilities assumed from entities under common control are recorded at their acquisition date carrying value . the carrying value of the assets acquired and liabilities assumed were determined in accordance with the provisions of asc topic 820 , fair value measurements and disclosures . under asc 805 , the excess of the purchase price over the fair value of the assets acquired is typically recognized as goodwill . however , under asc 805 , the excess of the purchase price over the fair value of the assets acquired can not be recognized as goodwill in a transaction involving entities under common control . accordingly , we recognized such excess as seediv compensation expense in accordance with the provisions of asc 805 and included this amount under general and administrative expenses . pursuant to the provisions of asc 805 , acquisition-related transaction costs and acquisition-related restructuring charges were not included as components of consideration transferred but were accounted for as expenses in the period in which the costs were incurred . stock-based compensation we account for employee stock-based compensation in accordance with the fair value recognition provisions of asc topic 718 , compensation – stock compensation ( “ asc 718 ” ) . story_separator_special_tag we recognized a gain on write-off of liabilities of $ 251,238 for the year ended december 31 , 2017. we did not recognize any gains on the settlement of litigation for the year ended december 31 , 2016. we do not expect to recognize any additional gains on write-off of liabilities during the next 12 months . loss from investment in paradise on wings loss from investment in paradise on wings consists of our share of the loss from our 50 % ownership interest in paradise on wings that we purchased on january 20 , 2014. loss from investment in paradise on wings was $ 222,685 for the year ended december 31 , 2016. we did not incur any loss from investment in paradise on wings for the year ended december 31 , 2017. we recognized an impairment charge for the full value of our investment in paradise on wings during the year ended december 31 , 2016 and sold our 50 % ownership interest in paradise on wings on october 1 , 2017. paradise on wings incurred additional losses for each of our fiscal quarters during the period commencing january 1 , 2017 and ending october 1 , 2017. as a result of our recognition of the impairment charge for the full value of our investment in paradise on wings and the continued loss that paradise on wings incurred thereafter , we did not recognize any further losses from our investment in paradise on wings during the year ended december 31 , 2017. in addition , because we sold our 50 % ownership interest in paradise on wings on october 1 , 2017 , we do not expect to recognize additional income and losses from our investment in paradise on wings during the next 12 months . a description of our investment in paradise on wings is set forth herein under note 4. investment in paradise on wings in our consolidated financial statements . 50 gain on settlement of litigation gain on settlement of litigation consists of the gains that we recognized on judgments in legal proceedings and settlements of legal proceedings . we recognized a gain on settlement of litigation of $ 82,642 for the year ended december 31 , 2016. we did not recognize any gains on the settlement of litigation for the year ended december 31 , 2017. the gain that we recognized during the year ended december 31 , 2016 related to a partial settlement of the damages sought by santander bank in connection with a complaint filed in january 2015. a summary of these legal proceedings is set forth herein under note 16. judgments in legal proceedings in our consolidated financial statements . we do not expect to recognize any additional gains or losses on settlement of legal proceedings during the next 12 months . gain on settlement of liabilities gain on settlement of liabilities consists of the gain that we realized upon entering into a settlement agreement with guiseppe cala with respect to several legal proceedings that had been initiated between us and mr. cala in 2009 and breaches of a different settlement agreement entered into between us and mr. cala in 2010 with respect to the such legal proceedings . we recognized a gain on settlement of liabilities of $ 175,449 for the year ended december 31 , 2016. we did not recognize any gain on the settlement of liabilities for the year ended december 31 , 2017. a description of the current settlement agreement , the 2010 settlement agreement and the legal proceedings is set forth herein under note 16. judgments in legal proceedings in our consolidated financial statements . we do not expect to generate any additional gain on settlement of liabilities during the next 12 months . gain on write-off of accounts payable gain on write-off of accounts payable consists of the gain that we realized upon the write-off of accounts payable in the amount of $ 251,238 that had been outstanding for more than five years . the statute of limitations applicable to these payables expired during the year ended december 31 , 2017 and we had not received any communications from any of the applicable vendors during the past five years . we determined that the possibility that any vendor would contact us seeking payment for any of such accounts payable and recover a judgment for such payment was remote . accordingly , we concluded that the $ 251,238 of accounts payable should be written off as of december 31 , 2017. we did not have any gain on the write-off of accounts payable for the year ended december 31 , 2016. a summary of this write-off is set forth herein under note 14. commitments and contingencies – accounts payable in our consolidated financial statements . we do not expect to generate any additional gains on write-offs of accounts payable during the next 12 months . 51 gain on write-off of stock subscriptions payable gain on write-off of stock subscriptions payable consists of the gain that we realized upon the write-off of a stock subscription payable in the amount of $ 150,000 that accrued under a consulting agreement executed in september 2011. we determined that the probability that we would have to issue any shares of common stock to the consultant , or pay any other form of consideration to the consultant , was remote . accordingly , we concluded that the $ 150,000 of stock subscription payable should be written off as of december 31 , 2017. we did not have any gain on write-off of stock subscriptions payable for the year ended december 31 , 2016. a summary of this write-off is set forth herein under note 11. capital stock in our consolidated financial statements . we do not expect to generate any additional gains on write-offs of stock subscriptions payable during the next 12 months . net income / ( loss ) we generated net income of $ 344,740 during the year ended december

