in december 2016 the company has completed a settlement of all future obligations for a one-time payment of $ 650,000. the company had previously recorded this obligation at $ 1,538,000 and recorded a gain on settlement of debt of $ 888,000 in december 2016. as of december 31 , 2016 , the company leased one independent living community in oregon , with a capacity of 114 residents . the lease will terminate on march 30 , 2017. a number of years ago the company owned , leased and operated assisted living and retirement communities throughout the united states of america . during that period of time the company has both acquired and sold over seventy communities . the property in oregon is a holdover from that time period . the retirement center was not an integral part of our business plan . critical accounting policies and estimates the company 's discussion and analysis of its financial condition and results of operations are based upon the company 's consolidated financial statements , which have been prepared in accordance with accounting principles generally accepted in the united states . certain of the company 's accounting policies require the application of judgment in selecting the appropriate assumptions for calculating financial estimates . by their nature , these judgments are subject to an inherent degree of uncertainty . these judgments and estimates are based upon the company 's historical experience , current trends and information available from other sources that are believed to be reasonable under the circumstances , the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources . actual results may differ from these estimates under different assumptions or conditions . the company believes the following critical accounting policies are more significant to the judgments and estimates used in the preparation of its consolidated financial statements . revisions in such estimates are recorded in the period in which the facts that give rise to the revisions become known . oil and gas property accounting the company uses the full cost method of accounting for its investment in oil and natural gas properties . under this method of accounting , all costs of acquisition , exploration and development of oil and natural gas properties ( including such costs as leasehold acquisition costs , geological expenditures , dry hole costs , tangible and intangible development costs and direct internal costs ) are capitalized as the cost of oil and natural gas properties when incurred . the full cost method requires the company to calculate quarterly , by cost center , a “ ceiling , ” or limitation on the amount of properties that can be capitalized on the balance sheet . to the extent capitalized costs of oil and natural gas properties , less accumulated depletion and related deferred taxes exceed the sum of the discounted future net revenues of proved oil and natural gas reserves , the lower of cost or estimated fair value of unproved properties subject to amortization , the cost of properties not being amortized , and the related tax amounts , such excess capitalized costs are charged to expense . beginning december 31 , 2009 , full cost companies use the unweighted arithmetic average first day of the month price for oil and natural gas for the 12-month period preceding the calculation date to calculate the future net revenues of proved reserves . prior to december 31 , 2009 , companies used the price in effect at the calculation date and had the option , under certain circumstances , to elect to use subsequent commodity prices if they increased after the calculation date . the company assesses any unproved oil and gas properties on an annual basis for possible impairment or reduction in value . the company assesses properties on an individual basis or as a group if properties are individually insignificant . the assessment includes consideration of the following factors , among others : intent to drill ; remaining lease term ; geological and geophysical evaluations ; drilling results and activity ; the assignment of proved reserves ; and the economic viability of development if proved reserves are assigned . during any period in which these factors indicate an impairment of unproved properties not subject to amortization , the associated costs incurred to date for such properties are then included in unproved properties subject to amortization . oil and gas reserves our proved oil and gas reserves are estimated by independent petroleum engineers . reserve engineering is a subjective process that is dependent upon the quality of available data and the interpretation thereof , 11 including evaluations and extrapolations of well flow rates and reservoir pressure . estimates by different engineers often vary , sometimes significantly . in addition , physical factors such as the results of drilling , testing and production subsequent to the date of an estimate , as well as economic factors such as changes in product prices , may justify revision of such estimates . because proved reserves are required to be estimated using prices at the date of the evaluation , estimated reserve quantities can be significantly impacted by changes in product prices . depreciation , depletion and amortization ( “ dd & a ” ) of producing properties is computed on the unit-of-production method based on estimated proved oil and gas reserves . while total dd & a expense for the life of a property is limited to the property 's total cost , proved reserve revisions result in a change in timing of when dd & a expense is recognized . downward revisions of proved reserves result in an acceleration of dd & a expense , while upward revisions tend to lower the rate of dd & a expense recognition . the standardized measure of discounted future net cash flows and changes in such cash flows are prepared using assumptions required by the financial accounting story_separator_special_tag in december 2016 the company has completed a settlement of all future obligations for a one-time payment of $ 650,000. the company had previously recorded this obligation at $ 1,538,000 and recorded a gain on settlement of debt of $ 888,000 in december 2016. as of december 31 , 2016 , the company leased one independent living community in oregon , with a capacity of 114 residents . the lease will terminate on march 30 , 2017. a number of years ago the company owned , leased and operated assisted living and retirement communities throughout the united states of america . during that period of time the company has both acquired and sold over seventy communities . the property in oregon is a holdover from that time period . the retirement center was not an integral part of our business plan . critical accounting policies and estimates the company 's discussion and analysis of its financial condition and results of operations are based upon the company 's consolidated financial statements , which have been prepared in accordance with accounting principles generally accepted in the united states . certain of the company 's accounting policies require the application of judgment in selecting the appropriate assumptions for calculating financial estimates . by their nature , these judgments are subject to an inherent degree of uncertainty . these judgments and estimates are based upon the company 's historical experience , current trends and information available from other sources that are believed to be reasonable under the circumstances , the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources . actual results may differ from these estimates under different assumptions or conditions . the company believes the following critical accounting policies are more significant to the judgments and estimates used in the preparation of its consolidated financial statements . revisions in such estimates are recorded in the period in which the facts that give rise to the revisions become known . oil and gas property accounting the company uses the full cost method of accounting for its investment in oil and natural gas properties . under this method of accounting , all costs of acquisition , exploration and development of oil and natural gas properties ( including such costs as leasehold acquisition costs , geological expenditures , dry hole costs , tangible and intangible development costs and direct internal costs ) are capitalized as the cost of oil and natural gas properties when incurred . the full cost method requires the company to calculate quarterly , by cost center , a “ ceiling , ” or limitation on the amount of properties that can be capitalized on the balance sheet . to the extent capitalized costs of oil and natural gas properties , less accumulated depletion and related deferred taxes exceed the sum of the discounted future net revenues of proved oil and natural gas reserves , the lower of cost or estimated fair value of unproved properties subject to amortization , the cost of properties not being amortized , and the related tax amounts , such excess capitalized costs are charged to expense . beginning december 31 , 2009 , full cost companies use the unweighted arithmetic average first day of the month price for oil and natural gas for the 12-month period preceding the calculation date to calculate the future net revenues of proved reserves . prior to december 31 , 2009 , companies used the price in effect at the calculation date and had the option , under certain circumstances , to elect to use subsequent commodity prices if they increased after the calculation date . the company assesses any unproved oil and gas properties on an annual basis for possible impairment or reduction in value . the company assesses properties on an individual basis or as a group if properties are individually insignificant . the assessment includes consideration of the following factors , among others : intent to drill ; remaining lease term ; geological and geophysical evaluations ; drilling results and activity ; the assignment of proved reserves ; and the economic viability of development if proved reserves are assigned . during any period in which these factors indicate an impairment of unproved properties not subject to amortization , the associated costs incurred to date for such properties are then included in unproved properties subject to amortization . oil and gas reserves our proved oil and gas reserves are estimated by independent petroleum engineers . reserve engineering is a subjective process that is dependent upon the quality of available data and the interpretation thereof , 11 including evaluations and extrapolations of well flow rates and reservoir pressure . estimates by different engineers often vary , sometimes significantly . in addition , physical factors such as the results of drilling , testing and production subsequent to the date of an estimate , as well as economic factors such as changes in product prices , may justify revision of such estimates . because proved reserves are required to be estimated using prices at the date of the evaluation , estimated reserve quantities can be significantly impacted by changes in product prices . depreciation , depletion and amortization ( “ dd & a ” ) of producing properties is computed on the unit-of-production method based on estimated proved oil and gas reserves . while total dd & a expense for the life of a property is limited to the property 's total cost , proved reserve revisions result in a change in timing of when dd & a expense is recognized . downward revisions of proved reserves result in an acceleration of dd & a expense , while upward revisions tend to lower the rate of dd & a expense recognition . the standardized measure of discounted future net cash flows and changes in such cash flows are prepared using assumptions required by the financial accounting

liquidity and capital resources at december 31 , 2016 , the company had current assets of $ 438,000 and current liabilities of $ 393,000. cash and cash equivalents totaled $ 113,000 at december 31 , 2016 and $ 473,000 at december 31 , 2015. new concept 's principal sources of cash are property operations , sales of oil and gas , and proceeds from sales of assets . net cash provided ( used ) by continuing operating activities was ( $ 314,000 ) in 2016 , $ 566,000 in 2015 and ( $ 282,000 ) in 2014. net cash provided ( used ) in investing activities was $ 686,000 in 2016 , ( $ 112,000 ) in 2015 and ( $ 954,000 ) in 2014. net cash used in financing activities was $ 732,000 in 2016 $ 281,000 in 2015 and ( $ 85,000 ) in 2014. results of operations fiscal 2016 as compared to 2015 revenues : total revenues from the oil & gas operation was $ 754,000 in 2016 and $ 820,000 in 2015. net revenue for our oil and gas operation decreased by $ 56,000 in 2016 as compared to 2015. included in 2016 revenue is a one time fee of $ 30,000. the drop in revenue in 2016 was principally due to a reduction in the quantity of oil and gas produced . operating expenses : operating expenses for the oil & gas operation were $ 1.2 million in 2016 and $ 1.8 million in 2015. this decrease was the result of an overall reduction in operating expenses as the company has actively reduced expenses to compensate for a slowdown in the oil and gas operation .


 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 at december 31 , 2016 , the company had current assets of $ 438,000 and current liabilities of $ 393,000. cash and cash equivalents totaled $ 113,000 at december 31 , 2016 and $ 473,000 at december 31 , 2015. new concept 's principal sources of cash are property operations , sales of oil and gas , and proceeds from sales of assets . net cash provided ( used ) by continuing operating activities was ( $ 314,000 ) in 2016 , $ 566,000 in 2015 and ( $ 282,000 ) in 2014. net cash provided ( used ) in investing activities was $ 686,000 in 2016 , ( $ 112,000 ) in 2015 and ( $ 954,000 ) in 2014. net cash used in financing activities was $ 732,000 in 2016 $ 281,000 in 2015 and ( $ 85,000 ) in 2014. results of operations fiscal 2016 as compared to 2015 revenues : total revenues from the oil & gas operation was $ 754,000 in 2016 and $ 820,000 in 2015. net revenue for our oil and gas operation decreased by $ 56,000 in 2016 as compared to 2015. included in 2016 revenue is a one time fee of $ 30,000. the drop in revenue in 2016 was principally due to a reduction in the quantity of oil and gas produced . operating expenses : operating expenses for the oil & gas operation were $ 1.2 million in 2016 and $ 1.8 million in 2015. this decrease was the result of an overall reduction in operating expenses as the company has actively reduced expenses to compensate for a slowdown in the oil and gas operation .
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 Suspicious Activity Report : in december 2016 the company has completed a settlement of all future obligations for a one-time payment of $ 650,000. the company had previously recorded this obligation at $ 1,538,000 and recorded a gain on settlement of debt of $ 888,000 in december 2016. as of december 31 , 2016 , the company leased one independent living community in oregon , with a capacity of 114 residents . the lease will terminate on march 30 , 2017. a number of years ago the company owned , leased and operated assisted living and retirement communities throughout the united states of america . during that period of time the company has both acquired and sold over seventy communities . the property in oregon is a holdover from that time period . the retirement center was not an integral part of our business plan . critical accounting policies and estimates the company 's discussion and analysis of its financial condition and results of operations are based upon the company 's consolidated financial statements , which have been prepared in accordance with accounting principles generally accepted in the united states . certain of the company 's accounting policies require the application of judgment in selecting the appropriate assumptions for calculating financial estimates . by their nature , these judgments are subject to an inherent degree of uncertainty . these judgments and estimates are based upon the company 's historical experience , current trends and information available from other sources that are believed to be reasonable under the circumstances , the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources . actual results may differ from these estimates under different assumptions or conditions . the company believes the following critical accounting policies are more significant to the judgments and estimates used in the preparation of its consolidated financial statements . revisions in such estimates are recorded in the period in which the facts that give rise to the revisions become known . oil and gas property accounting the company uses the full cost method of accounting for its investment in oil and natural gas properties . under this method of accounting , all costs of acquisition , exploration and development of oil and natural gas properties ( including such costs as leasehold acquisition costs , geological expenditures , dry hole costs , tangible and intangible development costs and direct internal costs ) are capitalized as the cost of oil and natural gas properties when incurred . the full cost method requires the company to calculate quarterly , by cost center , a “ ceiling , ” or limitation on the amount of properties that can be capitalized on the balance sheet . to the extent capitalized costs of oil and natural gas properties , less accumulated depletion and related deferred taxes exceed the sum of the discounted future net revenues of proved oil and natural gas reserves , the lower of cost or estimated fair value of unproved properties subject to amortization , the cost of properties not being amortized , and the related tax amounts , such excess capitalized costs are charged to expense . beginning december 31 , 2009 , full cost companies use the unweighted arithmetic average first day of the month price for oil and natural gas for the 12-month period preceding the calculation date to calculate the future net revenues of proved reserves . prior to december 31 , 2009 , companies used the price in effect at the calculation date and had the option , under certain circumstances , to elect to use subsequent commodity prices if they increased after the calculation date . the company assesses any unproved oil and gas properties on an annual basis for possible impairment or reduction in value . the company assesses properties on an individual basis or as a group if properties are individually insignificant . the assessment includes consideration of the following factors , among others : intent to drill ; remaining lease term ; geological and geophysical evaluations ; drilling results and activity ; the assignment of proved reserves ; and the economic viability of development if proved reserves are assigned . during any period in which these factors indicate an impairment of unproved properties not subject to amortization , the associated costs incurred to date for such properties are then included in unproved properties subject to amortization . oil and gas reserves our proved oil and gas reserves are estimated by independent petroleum engineers . reserve engineering is a subjective process that is dependent upon the quality of available data and the interpretation thereof , 11 including evaluations and extrapolations of well flow rates and reservoir pressure . estimates by different engineers often vary , sometimes significantly . in addition , physical factors such as the results of drilling , testing and production subsequent to the date of an estimate , as well as economic factors such as changes in product prices , may justify revision of such estimates . because proved reserves are required to be estimated using prices at the date of the evaluation , estimated reserve quantities can be significantly impacted by changes in product prices . depreciation , depletion and amortization ( “ dd & a ” ) of producing properties is computed on the unit-of-production method based on estimated proved oil and gas reserves . while total dd & a expense for the life of a property is limited to the property 's total cost , proved reserve revisions result in a change in timing of when dd & a expense is recognized . downward revisions of proved reserves result in an acceleration of dd & a expense , while upward revisions tend to lower the rate of dd & a expense recognition . the standardized measure of discounted future net cash flows and changes in such cash flows are prepared using assumptions required by the financial accounting story_separator_special_tag in december 2016 the company has completed a settlement of all future obligations for a one-time payment of $ 650,000. the company had previously recorded this obligation at $ 1,538,000 and recorded a gain on settlement of debt of $ 888,000 in december 2016. as of december 31 , 2016 , the company leased one independent living community in oregon , with a capacity of 114 residents . the lease will terminate on march 30 , 2017. a number of years ago the company owned , leased and operated assisted living and retirement communities throughout the united states of america . during that period of time the company has both acquired and sold over seventy communities . the property in oregon is a holdover from that time period . the retirement center was not an integral part of our business plan . critical accounting policies and estimates the company 's discussion and analysis of its financial condition and results of operations are based upon the company 's consolidated financial statements , which have been prepared in accordance with accounting principles generally accepted in the united states . certain of the company 's accounting policies require the application of judgment in selecting the appropriate assumptions for calculating financial estimates . by their nature , these judgments are subject to an inherent degree of uncertainty . these judgments and estimates are based upon the company 's historical experience , current trends and information available from other sources that are believed to be reasonable under the circumstances , the results of which form the basis for making judgments about the carrying value of assets and liabilities that are not readily apparent from other sources . actual results may differ from these estimates under different assumptions or conditions . the company believes the following critical accounting policies are more significant to the judgments and estimates used in the preparation of its consolidated financial statements . revisions in such estimates are recorded in the period in which the facts that give rise to the revisions become known . oil and gas property accounting the company uses the full cost method of accounting for its investment in oil and natural gas properties . under this method of accounting , all costs of acquisition , exploration and development of oil and natural gas properties ( including such costs as leasehold acquisition costs , geological expenditures , dry hole costs , tangible and intangible development costs and direct internal costs ) are capitalized as the cost of oil and natural gas properties when incurred . the full cost method requires the company to calculate quarterly , by cost center , a “ ceiling , ” or limitation on the amount of properties that can be capitalized on the balance sheet . to the extent capitalized costs of oil and natural gas properties , less accumulated depletion and related deferred taxes exceed the sum of the discounted future net revenues of proved oil and natural gas reserves , the lower of cost or estimated fair value of unproved properties subject to amortization , the cost of properties not being amortized , and the related tax amounts , such excess capitalized costs are charged to expense . beginning december 31 , 2009 , full cost companies use the unweighted arithmetic average first day of the month price for oil and natural gas for the 12-month period preceding the calculation date to calculate the future net revenues of proved reserves . prior to december 31 , 2009 , companies used the price in effect at the calculation date and had the option , under certain circumstances , to elect to use subsequent commodity prices if they increased after the calculation date . the company assesses any unproved oil and gas properties on an annual basis for possible impairment or reduction in value . the company assesses properties on an individual basis or as a group if properties are individually insignificant . the assessment includes consideration of the following factors , among others : intent to drill ; remaining lease term ; geological and geophysical evaluations ; drilling results and activity ; the assignment of proved reserves ; and the economic viability of development if proved reserves are assigned . during any period in which these factors indicate an impairment of unproved properties not subject to amortization , the associated costs incurred to date for such properties are then included in unproved properties subject to amortization . oil and gas reserves our proved oil and gas reserves are estimated by independent petroleum engineers . reserve engineering is a subjective process that is dependent upon the quality of available data and the interpretation thereof , 11 including evaluations and extrapolations of well flow rates and reservoir pressure . estimates by different engineers often vary , sometimes significantly . in addition , physical factors such as the results of drilling , testing and production subsequent to the date of an estimate , as well as economic factors such as changes in product prices , may justify revision of such estimates . because proved reserves are required to be estimated using prices at the date of the evaluation , estimated reserve quantities can be significantly impacted by changes in product prices . depreciation , depletion and amortization ( “ dd & a ” ) of producing properties is computed on the unit-of-production method based on estimated proved oil and gas reserves . while total dd & a expense for the life of a property is limited to the property 's total cost , proved reserve revisions result in a change in timing of when dd & a expense is recognized . downward revisions of proved reserves result in an acceleration of dd & a expense , while upward revisions tend to lower the rate of dd & a expense recognition . the standardized measure of discounted future net cash flows and changes in such cash flows are prepared using assumptions required by the financial accounting

