the lease expires in october 2020 and provides for monthly rent of $ 8,809 . we believe that the monthly rent is commensurate with other properties available in the market . marketing and advisory services agreement with all def digital in april 2015 , the company entered into a strategic marketing and advisory services agreement ( the “ advisory services agreement ” ) with all def digital . tim leissner , a director of the company is also a director of all def digital . the company has paid all def digital $ 152,438 and $ 237,959 for services rendered pursuant to the advisory services agreement during the years ended december 31 , 2015 and 2016 , respectively . loan and security agreement with cd financial we originally entered into a loan and security agreement with cd financial in july 2010 , which provided us with a line of credit to fund operations . as amended in connection with a private investment transaction consummated in april 2015 , the loan and security agreement provides celsius with a revolving line of credit pursuant to which celsius can borrow up to an aggregate maximum of $ 4.5 million from time to time until maturity in january 2020. the credit facility requires quarterly cash payments of interest only at the rate of five percent ( 5 % ) per annum until maturity and is secured by a pledge of substantially all the company 's assets . as of december 31 , 2016 , the principal amount outstanding under the credit facility with cd financial was $ 4.5 million . private offering between december 30 , 2016 and march 14 , 2017 , the company raised an aggregate of $ 15.0 million in capital through the sale of an aggregate of 4,833,329 shares of our common stock at a purchase price of $ 3.00 per share in a private offering to 13 accredited investors . investors in the private placement included : · cd financial ( 533,333 shares ) ; · charmnew limited ( 800,000 shares ) , an existing shareholder of record affiliated with li ka shing , one of our principal shareholders ; · grieg international limited ( 533,333 shares ) , an existing shareholder of record affiliated with chau hoi shuen solina , one of our principal shareholders ; and · nu horizons investment group , llc ( 433,333 shares ) , an existing shareholder of record affiliated with tim leissner , story_separator_special_tag you should read the following discussion in conjunction with the audited financial statements and the corresponding notes , the unaudited financial statements and the corresponding notes included elsewhere in this information statement . this item 7 contains forward-looking statements . the matters discussed in these forward-looking statements are subject to risk , uncertainties , and other factors that could cause actual results to differ materially from those made , projected or implied in the forward-looking statements . please refer to `` item 1a . risk factors `` for a discussion of the uncertainties , risks and assumptions associated with these statements . results of operations year ended december 31 , 2016 compared to year ended december 31 , 2015 revenue for the year ended december 31 , 2016 , revenue was approximately $ 22.8 million , an increase of $ 5.6 million or 33 % from $ 17.2 million in revenue for year ending december 31 , 2015. this revenue growth was mainly associated with blended growth rates of 4 % in international revenues and 59 % in domestic sales . the domestic sales growth of 59 % from 2015 to 2016 was mainly associated from blended growth rates of 70 % from retail accounts , 51 % from health and fitness accounts and 26 % from internet retailer accounts . the overall increase in revenue from 2015 to 2016 was primarily attributable to an increase in sales volume , as opposed to increases in product pricing . 19 the following table sets forth the amount of revenues by category and changes therein for the years ended december 31 , 2016 and 2015 : replace_table_token_2_th gross profit for the year ended december 31 , 2016 , gross profit increased by approximately $ 2.7 million or 39 % to $ 9.7 million compared to $ 7.0 million for 2015. gross profit margins improved 1.9 % to 42.8 % in the year ended december 31 , 2016 from 40.9 % in 2015. the increases in gross profit and the improvement in gross profit margins from 2015 to 2016 are primarily attributable to the increases in revenue and a reduction in the cost of raw materials . sales and marketing expenses sales and marketing expenses for the year ended december 31 , 2016 , were approximately $ 8.7 million , an increase of $ 3.0 million , or 53 % from $ 5.7 million in 2015. the increase is due primarily to increases in investments in marketing programs of $ 1.2 million , increases in human resource investments of $ 1.5 million and increases in related sales expenses totaling $ 360,000. general and administrative expenses general and administrative expenses for the year ended december 31 , 2016 were approximately $ 3.9 million , an increase of $ 730,000 , or 23 % , from $ 3.2 million for the year ended december 31 , 2015. the increase was primarily due to increases in professional fees of $ 430,000 relating in part to the company 's status as a fully reporting company under the exchange act , office related costs of $ 110,000 , investor relations costs of $ 130,000 , human resources costs of $ 120,000 , increased travel costs of $ 130,000 , bad debt expense of $ 70,000 , research and development costs of $ 20,000 and other general administration expenses , offset by savings in stock based compensation expenses of $ 250,000 and depreciation and amortization of $ 20,000. other expense total other expense decreased by approximately $ story_separator_special_tag the lease expires in october 2020 and provides for monthly rent of $ 8,809 . we believe that the monthly rent is commensurate with other properties available in the market . marketing and advisory services agreement with all def digital in april 2015 , the company entered into a strategic marketing and advisory services agreement ( the “ advisory services agreement ” ) with all def digital . tim leissner , a director of the company is also a director of all def digital . the company has paid all def digital $ 152,438 and $ 237,959 for services rendered pursuant to the advisory services agreement during the years ended december 31 , 2015 and 2016 , respectively . loan and security agreement with cd financial we originally entered into a loan and security agreement with cd financial in july 2010 , which provided us with a line of credit to fund operations . as amended in connection with a private investment transaction consummated in april 2015 , the loan and security agreement provides celsius with a revolving line of credit pursuant to which celsius can borrow up to an aggregate maximum of $ 4.5 million from time to time until maturity in january 2020. the credit facility requires quarterly cash payments of interest only at the rate of five percent ( 5 % ) per annum until maturity and is secured by a pledge of substantially all the company 's assets . as of december 31 , 2016 , the principal amount outstanding under the credit facility with cd financial was $ 4.5 million . private offering between december 30 , 2016 and march 14 , 2017 , the company raised an aggregate of $ 15.0 million in capital through the sale of an aggregate of 4,833,329 shares of our common stock at a purchase price of $ 3.00 per share in a private offering to 13 accredited investors . investors in the private placement included : · cd financial ( 533,333 shares ) ; · charmnew limited ( 800,000 shares ) , an existing shareholder of record affiliated with li ka shing , one of our principal shareholders ; · grieg international limited ( 533,333 shares ) , an existing shareholder of record affiliated with chau hoi shuen solina , one of our principal shareholders ; and · nu horizons investment group , llc ( 433,333 shares ) , an existing shareholder of record affiliated with tim leissner , story_separator_special_tag you should read the following discussion in conjunction with the audited financial statements and the corresponding notes , the unaudited financial statements and the corresponding notes included elsewhere in this information statement . this item 7 contains forward-looking statements . the matters discussed in these forward-looking statements are subject to risk , uncertainties , and other factors that could cause actual results to differ materially from those made , projected or implied in the forward-looking statements . please refer to `` item 1a . risk factors `` for a discussion of the uncertainties , risks and assumptions associated with these statements . results of operations year ended december 31 , 2016 compared to year ended december 31 , 2015 revenue for the year ended december 31 , 2016 , revenue was approximately $ 22.8 million , an increase of $ 5.6 million or 33 % from $ 17.2 million in revenue for year ending december 31 , 2015. this revenue growth was mainly associated with blended growth rates of 4 % in international revenues and 59 % in domestic sales . the domestic sales growth of 59 % from 2015 to 2016 was mainly associated from blended growth rates of 70 % from retail accounts , 51 % from health and fitness accounts and 26 % from internet retailer accounts . the overall increase in revenue from 2015 to 2016 was primarily attributable to an increase in sales volume , as opposed to increases in product pricing . 19 the following table sets forth the amount of revenues by category and changes therein for the years ended december 31 , 2016 and 2015 : replace_table_token_2_th gross profit for the year ended december 31 , 2016 , gross profit increased by approximately $ 2.7 million or 39 % to $ 9.7 million compared to $ 7.0 million for 2015. gross profit margins improved 1.9 % to 42.8 % in the year ended december 31 , 2016 from 40.9 % in 2015. the increases in gross profit and the improvement in gross profit margins from 2015 to 2016 are primarily attributable to the increases in revenue and a reduction in the cost of raw materials . sales and marketing expenses sales and marketing expenses for the year ended december 31 , 2016 , were approximately $ 8.7 million , an increase of $ 3.0 million , or 53 % from $ 5.7 million in 2015. the increase is due primarily to increases in investments in marketing programs of $ 1.2 million , increases in human resource investments of $ 1.5 million and increases in related sales expenses totaling $ 360,000. general and administrative expenses general and administrative expenses for the year ended december 31 , 2016 were approximately $ 3.9 million , an increase of $ 730,000 , or 23 % , from $ 3.2 million for the year ended december 31 , 2015. the increase was primarily due to increases in professional fees of $ 430,000 relating in part to the company 's status as a fully reporting company under the exchange act , office related costs of $ 110,000 , investor relations costs of $ 130,000 , human resources costs of $ 120,000 , increased travel costs of $ 130,000 , bad debt expense of $ 70,000 , research and development costs of $ 20,000 and other general administration expenses , offset by savings in stock based compensation expenses of $ 250,000 and depreciation and amortization of $ 20,000. other expense total other expense decreased by approximately $

liquidity and capital resources as of december 31 , 2016 and 2015 , we had cash of approximately $ 11.7 million and $ 10.1 million , respectively and working capital of approximately $ 15.4 million and $ 13.2 million , respectively . cash used in operations during the years ended december 31 , 2016 and 2015 , totaled approximately $ 2.4 million and $ 755,000 , respectively , reflecting capital investments in sales and marketing programs and human resources initiatives . in addition to cash flow from operations , our primary sources of working capital have been private placements of our securities and our credit facility with cd financial , llc ( “ cd financial ” ) , an affiliate of carl desantis , a principal shareholder of the company . we originally entered into a loan and security agreement with cd financial in july 2010 , which provided us with a line of credit to fund operations . as amended in connection with a private investment transaction consummated in april 2015 , the loan and security agreement provides celsius with a revolving line of credit pursuant to which celsius can borrow up to an aggregate maximum of $ 4.5 million from time to time until maturity in january 2020. the credit facility requires quarterly cash payments of interest only at the rate of five percent ( 5 % ) per annum until maturity and is secured by a pledge of substantially all the company 's assets . as of december 31 , 2016 , the principal amount outstanding under the credit facility with cd financial was $ 4.5 million .


 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 december 31 , 2016 and 2015 , we had cash of approximately $ 11.7 million and $ 10.1 million , respectively and working capital of approximately $ 15.4 million and $ 13.2 million , respectively . cash used in operations during the years ended december 31 , 2016 and 2015 , totaled approximately $ 2.4 million and $ 755,000 , respectively , reflecting capital investments in sales and marketing programs and human resources initiatives . in addition to cash flow from operations , our primary sources of working capital have been private placements of our securities and our credit facility with cd financial , llc ( “ cd financial ” ) , an affiliate of carl desantis , a principal shareholder of the company . we originally entered into a loan and security agreement with cd financial in july 2010 , which provided us with a line of credit to fund operations . as amended in connection with a private investment transaction consummated in april 2015 , the loan and security agreement provides celsius with a revolving line of credit pursuant to which celsius can borrow up to an aggregate maximum of $ 4.5 million from time to time until maturity in january 2020. the credit facility requires quarterly cash payments of interest only at the rate of five percent ( 5 % ) per annum until maturity and is secured by a pledge of substantially all the company 's assets . as of december 31 , 2016 , the principal amount outstanding under the credit facility with cd financial was $ 4.5 million .
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 Suspicious Activity Report : the lease expires in october 2020 and provides for monthly rent of $ 8,809 . we believe that the monthly rent is commensurate with other properties available in the market . marketing and advisory services agreement with all def digital in april 2015 , the company entered into a strategic marketing and advisory services agreement ( the “ advisory services agreement ” ) with all def digital . tim leissner , a director of the company is also a director of all def digital . the company has paid all def digital $ 152,438 and $ 237,959 for services rendered pursuant to the advisory services agreement during the years ended december 31 , 2015 and 2016 , respectively . loan and security agreement with cd financial we originally entered into a loan and security agreement with cd financial in july 2010 , which provided us with a line of credit to fund operations . as amended in connection with a private investment transaction consummated in april 2015 , the loan and security agreement provides celsius with a revolving line of credit pursuant to which celsius can borrow up to an aggregate maximum of $ 4.5 million from time to time until maturity in january 2020. the credit facility requires quarterly cash payments of interest only at the rate of five percent ( 5 % ) per annum until maturity and is secured by a pledge of substantially all the company 's assets . as of december 31 , 2016 , the principal amount outstanding under the credit facility with cd financial was $ 4.5 million . private offering between december 30 , 2016 and march 14 , 2017 , the company raised an aggregate of $ 15.0 million in capital through the sale of an aggregate of 4,833,329 shares of our common stock at a purchase price of $ 3.00 per share in a private offering to 13 accredited investors . investors in the private placement included : · cd financial ( 533,333 shares ) ; · charmnew limited ( 800,000 shares ) , an existing shareholder of record affiliated with li ka shing , one of our principal shareholders ; · grieg international limited ( 533,333 shares ) , an existing shareholder of record affiliated with chau hoi shuen solina , one of our principal shareholders ; and · nu horizons investment group , llc ( 433,333 shares ) , an existing shareholder of record affiliated with tim leissner , story_separator_special_tag you should read the following discussion in conjunction with the audited financial statements and the corresponding notes , the unaudited financial statements and the corresponding notes included elsewhere in this information statement . this item 7 contains forward-looking statements . the matters discussed in these forward-looking statements are subject to risk , uncertainties , and other factors that could cause actual results to differ materially from those made , projected or implied in the forward-looking statements . please refer to `` item 1a . risk factors `` for a discussion of the uncertainties , risks and assumptions associated with these statements . results of operations year ended december 31 , 2016 compared to year ended december 31 , 2015 revenue for the year ended december 31 , 2016 , revenue was approximately $ 22.8 million , an increase of $ 5.6 million or 33 % from $ 17.2 million in revenue for year ending december 31 , 2015. this revenue growth was mainly associated with blended growth rates of 4 % in international revenues and 59 % in domestic sales . the domestic sales growth of 59 % from 2015 to 2016 was mainly associated from blended growth rates of 70 % from retail accounts , 51 % from health and fitness accounts and 26 % from internet retailer accounts . the overall increase in revenue from 2015 to 2016 was primarily attributable to an increase in sales volume , as opposed to increases in product pricing . 19 the following table sets forth the amount of revenues by category and changes therein for the years ended december 31 , 2016 and 2015 : replace_table_token_2_th gross profit for the year ended december 31 , 2016 , gross profit increased by approximately $ 2.7 million or 39 % to $ 9.7 million compared to $ 7.0 million for 2015. gross profit margins improved 1.9 % to 42.8 % in the year ended december 31 , 2016 from 40.9 % in 2015. the increases in gross profit and the improvement in gross profit margins from 2015 to 2016 are primarily attributable to the increases in revenue and a reduction in the cost of raw materials . sales and marketing expenses sales and marketing expenses for the year ended december 31 , 2016 , were approximately $ 8.7 million , an increase of $ 3.0 million , or 53 % from $ 5.7 million in 2015. the increase is due primarily to increases in investments in marketing programs of $ 1.2 million , increases in human resource investments of $ 1.5 million and increases in related sales expenses totaling $ 360,000. general and administrative expenses general and administrative expenses for the year ended december 31 , 2016 were approximately $ 3.9 million , an increase of $ 730,000 , or 23 % , from $ 3.2 million for the year ended december 31 , 2015. the increase was primarily due to increases in professional fees of $ 430,000 relating in part to the company 's status as a fully reporting company under the exchange act , office related costs of $ 110,000 , investor relations costs of $ 130,000 , human resources costs of $ 120,000 , increased travel costs of $ 130,000 , bad debt expense of $ 70,000 , research and development costs of $ 20,000 and other general administration expenses , offset by savings in stock based compensation expenses of $ 250,000 and depreciation and amortization of $ 20,000. other expense total other expense decreased by approximately $ story_separator_special_tag the lease expires in october 2020 and provides for monthly rent of $ 8,809 . we believe that the monthly rent is commensurate with other properties available in the market . marketing and advisory services agreement with all def digital in april 2015 , the company entered into a strategic marketing and advisory services agreement ( the “ advisory services agreement ” ) with all def digital . tim leissner , a director of the company is also a director of all def digital . the company has paid all def digital $ 152,438 and $ 237,959 for services rendered pursuant to the advisory services agreement during the years ended december 31 , 2015 and 2016 , respectively . loan and security agreement with cd financial we originally entered into a loan and security agreement with cd financial in july 2010 , which provided us with a line of credit to fund operations . as amended in connection with a private investment transaction consummated in april 2015 , the loan and security agreement provides celsius with a revolving line of credit pursuant to which celsius can borrow up to an aggregate maximum of $ 4.5 million from time to time until maturity in january 2020. the credit facility requires quarterly cash payments of interest only at the rate of five percent ( 5 % ) per annum until maturity and is secured by a pledge of substantially all the company 's assets . as of december 31 , 2016 , the principal amount outstanding under the credit facility with cd financial was $ 4.5 million . private offering between december 30 , 2016 and march 14 , 2017 , the company raised an aggregate of $ 15.0 million in capital through the sale of an aggregate of 4,833,329 shares of our common stock at a purchase price of $ 3.00 per share in a private offering to 13 accredited investors . investors in the private placement included : · cd financial ( 533,333 shares ) ; · charmnew limited ( 800,000 shares ) , an existing shareholder of record affiliated with li ka shing , one of our principal shareholders ; · grieg international limited ( 533,333 shares ) , an existing shareholder of record affiliated with chau hoi shuen solina , one of our principal shareholders ; and · nu horizons investment group , llc ( 433,333 shares ) , an existing shareholder of record affiliated with tim leissner , story_separator_special_tag you should read the following discussion in conjunction with the audited financial statements and the corresponding notes , the unaudited financial statements and the corresponding notes included elsewhere in this information statement . this item 7 contains forward-looking statements . the matters discussed in these forward-looking statements are subject to risk , uncertainties , and other factors that could cause actual results to differ materially from those made , projected or implied in the forward-looking statements . please refer to `` item 1a . risk factors `` for a discussion of the uncertainties , risks and assumptions associated with these statements . results of operations year ended december 31 , 2016 compared to year ended december 31 , 2015 revenue for the year ended december 31 , 2016 , revenue was approximately $ 22.8 million , an increase of $ 5.6 million or 33 % from $ 17.2 million in revenue for year ending december 31 , 2015. this revenue growth was mainly associated with blended growth rates of 4 % in international revenues and 59 % in domestic sales . the domestic sales growth of 59 % from 2015 to 2016 was mainly associated from blended growth rates of 70 % from retail accounts , 51 % from health and fitness accounts and 26 % from internet retailer accounts . the overall increase in revenue from 2015 to 2016 was primarily attributable to an increase in sales volume , as opposed to increases in product pricing . 19 the following table sets forth the amount of revenues by category and changes therein for the years ended december 31 , 2016 and 2015 : replace_table_token_2_th gross profit for the year ended december 31 , 2016 , gross profit increased by approximately $ 2.7 million or 39 % to $ 9.7 million compared to $ 7.0 million for 2015. gross profit margins improved 1.9 % to 42.8 % in the year ended december 31 , 2016 from 40.9 % in 2015. the increases in gross profit and the improvement in gross profit margins from 2015 to 2016 are primarily attributable to the increases in revenue and a reduction in the cost of raw materials . sales and marketing expenses sales and marketing expenses for the year ended december 31 , 2016 , were approximately $ 8.7 million , an increase of $ 3.0 million , or 53 % from $ 5.7 million in 2015. the increase is due primarily to increases in investments in marketing programs of $ 1.2 million , increases in human resource investments of $ 1.5 million and increases in related sales expenses totaling $ 360,000. general and administrative expenses general and administrative expenses for the year ended december 31 , 2016 were approximately $ 3.9 million , an increase of $ 730,000 , or 23 % , from $ 3.2 million for the year ended december 31 , 2015. the increase was primarily due to increases in professional fees of $ 430,000 relating in part to the company 's status as a fully reporting company under the exchange act , office related costs of $ 110,000 , investor relations costs of $ 130,000 , human resources costs of $ 120,000 , increased travel costs of $ 130,000 , bad debt expense of $ 70,000 , research and development costs of $ 20,000 and other general administration expenses , offset by savings in stock based compensation expenses of $ 250,000 and depreciation and amortization of $ 20,000. other expense total other expense decreased by approximately $

