in july 2009 , we entered into agreements to commence exploration activities on mining claims in the gold hill mining district located in tooele county , utah . we hold leasehold interests within the gold hill mining district consisting of 66 unpatented mining claims and 10 patented claims . from these claims we have centered our exploration activities on the kiewit site . 17 during 2018 we settled our outstanding debt with dmrj group i , llc and repurchased and retired all outstanding preferred shares issued to them under the 2010 investment agreement with them . during 2019 we secured funding of $ 13,600,000 ( net ) from pdk utah holdings lp under the terms of the prepaid forward gold purchase agreement dated march 7 , 2019. we also renegotiated our lease with clifton mining and released all but the current unpatented and patented mining claims . we also reacquired the existing royalties from clifton and its affiliates and issued a royalty to pdk equal to 4 % of the net smelter returns from our mine . an additional 20 claims , known as the jjs property , were acquired . we suspended our mining operations in june 2016 because of depressed metal prices and lack of funds . we resumed operations in spring 2018 and again suspended operations in october 2018 for lack of funding . since securing funding in march 2019 , we have recommenced mining operations . results of operations for the years ended december 31 , 2020 and 2019 during the years ended december 31 , 2020 and 2019 , we had net losses of $ 1,840,593 and $ 3,776,293 , respectively . this represents a decrease in net loss of $ 1,935,700 for the year ended december 31 , 2020. the decrease for the year ended december 31 , 2020 is generally attributable to the decrease in operating loss and to the gain on extinguishment of sba debt in 2020 , along with the losses on settlement of consulting contract and redeemable stock as reflected in 2019. revenue from operations increased six-fold in 2020 over 2019 due to the resumption of mining operations which did not occur until fourth quarter of 2019. story_separator_special_tag gold concentrate , which is then further refined to become gold and silver bullion . the company 's performance obligation in these transactions is generally the transfer of concentrate to the customer . revenue is recognized upon the completion of the performance obligations and transfer of control of the product to the customer , and when the transaction price and number of ounces can be determined or reasonably estimated . processing income : the company processes ore for another company . once processed , the unrefined gold concentrate is shipped to a refinery where it is refined into gold and silver bullion . the company receives a percentage of the proceeds from the sale of the gold and silver concentrate which is credited to the company 's account at the refinery . management has determined the performance obligation is met when the company delivers the unrefined gold concentrate to the refinery and recognizes revenue at that time . 19 sales and accounts receivable for sales are recorded net of charges from the customer which represent components of the transaction price . charges are estimated by management upon transfer of risk based on contractual terms , and actual charges typically do not vary materially from management 's estimates . revenue from the sale of concentrate may be subject to adjustment upon final settlement of estimated metal prices , weights and assays , and are recorded as adjustments to revenue in the period of final settlement of prices , weights and assays ; such adjustments are typically not material in relation to the initial invoice amounts . revenue proceeds are recorded net of the impact of royalties and participation agreements . see note 18. reclamation and remediation the company 's operations have been , and are subject to , standards for mine reclamation that have been established by various governmental agencies . the company records the fair value of an asset retirement obligation as a liability in the period in which the company incurs a legal obligation for the retirement of tangible long-lived assets . a corresponding asset is also recorded and depreciated over the life of the asset . after the initial measurement of the asset retirement obligation , the liability is adjusted when there are changes in the estimated future cash flows due to change in estimated costs or change in time until reclamation will commence . determination of any amounts recognized is based upon numerous estimates and assumptions , including future retirement costs , future inflation rates and the credit-adjusted risk-free interest rates . such assumptions are based on the company 's current mining plan and the best available information for making such estimates . see note 13. for non-operating properties , the company accrues costs associated with environmental remediation obligations when it is probable that such costs will be incurred and they are reasonably estimable . such costs are based on management 's estimate of amounts expected to be incurred when the remediation work is performed . financial instruments the company 's financial instruments include cash and cash equivalents as well as various notes payable and the prepaid gold contract liability . all instruments are accounted for on a historical cost basis , which , due to the short maturity and interest rates of these financial instruments , approximates fair value at december 31 , 2020 and 2019. going concern as shown in the accompanying financial statements , the company had an accumulated deficit of $ 11,291,811 through december 31 , 2020 and net loss of $ 1,840,593 for the year ended december 31 , 2020 along with negative working capital of $ 3,748,321 , which raises substantial doubt about the company 's ability to continue as a going concern . the financial statements do not include any adjustments relating story_separator_special_tag in july 2009 , we entered into agreements to commence exploration activities on mining claims in the gold hill mining district located in tooele county , utah . we hold leasehold interests within the gold hill mining district consisting of 66 unpatented mining claims and 10 patented claims . from these claims we have centered our exploration activities on the kiewit site . 17 during 2018 we settled our outstanding debt with dmrj group i , llc and repurchased and retired all outstanding preferred shares issued to them under the 2010 investment agreement with them . during 2019 we secured funding of $ 13,600,000 ( net ) from pdk utah holdings lp under the terms of the prepaid forward gold purchase agreement dated march 7 , 2019. we also renegotiated our lease with clifton mining and released all but the current unpatented and patented mining claims . we also reacquired the existing royalties from clifton and its affiliates and issued a royalty to pdk equal to 4 % of the net smelter returns from our mine . an additional 20 claims , known as the jjs property , were acquired . we suspended our mining operations in june 2016 because of depressed metal prices and lack of funds . we resumed operations in spring 2018 and again suspended operations in october 2018 for lack of funding . since securing funding in march 2019 , we have recommenced mining operations . results of operations for the years ended december 31 , 2020 and 2019 during the years ended december 31 , 2020 and 2019 , we had net losses of $ 1,840,593 and $ 3,776,293 , respectively . this represents a decrease in net loss of $ 1,935,700 for the year ended december 31 , 2020. the decrease for the year ended december 31 , 2020 is generally attributable to the decrease in operating loss and to the gain on extinguishment of sba debt in 2020 , along with the losses on settlement of consulting contract and redeemable stock as reflected in 2019. revenue from operations increased six-fold in 2020 over 2019 due to the resumption of mining operations which did not occur until fourth quarter of 2019. story_separator_special_tag gold concentrate , which is then further refined to become gold and silver bullion . the company 's performance obligation in these transactions is generally the transfer of concentrate to the customer . revenue is recognized upon the completion of the performance obligations and transfer of control of the product to the customer , and when the transaction price and number of ounces can be determined or reasonably estimated . processing income : the company processes ore for another company . once processed , the unrefined gold concentrate is shipped to a refinery where it is refined into gold and silver bullion . the company receives a percentage of the proceeds from the sale of the gold and silver concentrate which is credited to the company 's account at the refinery . management has determined the performance obligation is met when the company delivers the unrefined gold concentrate to the refinery and recognizes revenue at that time . 19 sales and accounts receivable for sales are recorded net of charges from the customer which represent components of the transaction price . charges are estimated by management upon transfer of risk based on contractual terms , and actual charges typically do not vary materially from management 's estimates . revenue from the sale of concentrate may be subject to adjustment upon final settlement of estimated metal prices , weights and assays , and are recorded as adjustments to revenue in the period of final settlement of prices , weights and assays ; such adjustments are typically not material in relation to the initial invoice amounts . revenue proceeds are recorded net of the impact of royalties and participation agreements . see note 18. reclamation and remediation the company 's operations have been , and are subject to , standards for mine reclamation that have been established by various governmental agencies . the company records the fair value of an asset retirement obligation as a liability in the period in which the company incurs a legal obligation for the retirement of tangible long-lived assets . a corresponding asset is also recorded and depreciated over the life of the asset . after the initial measurement of the asset retirement obligation , the liability is adjusted when there are changes in the estimated future cash flows due to change in estimated costs or change in time until reclamation will commence . determination of any amounts recognized is based upon numerous estimates and assumptions , including future retirement costs , future inflation rates and the credit-adjusted risk-free interest rates . such assumptions are based on the company 's current mining plan and the best available information for making such estimates . see note 13. for non-operating properties , the company accrues costs associated with environmental remediation obligations when it is probable that such costs will be incurred and they are reasonably estimable . such costs are based on management 's estimate of amounts expected to be incurred when the remediation work is performed . financial instruments the company 's financial instruments include cash and cash equivalents as well as various notes payable and the prepaid gold contract liability . all instruments are accounted for on a historical cost basis , which , due to the short maturity and interest rates of these financial instruments , approximates fair value at december 31 , 2020 and 2019. going concern as shown in the accompanying financial statements , the company had an accumulated deficit of $ 11,291,811 through december 31 , 2020 and net loss of $ 1,840,593 for the year ended december 31 , 2020 along with negative working capital of $ 3,748,321 , which raises substantial doubt about the company 's ability to continue as a going concern . the financial statements do not include any adjustments relating

liquidity and cash flow net cash used by operating activities was $ 1,413,857 during the year ended december 31 , 2020 , compared with $ 7,001,224 cash used during the year ended december 31 , 2019. the decrease in cash used by operating activities of $ 5,587,367 is primarily attributable to the decrease in operating losses , inventory adjustments , and the increase in accounts payable and accrued liabilities in 2020 over that in 2019. net cash used by investing activities was $ 651,082 during the year ended december 31 , 2020 compared to $ 1,993,224 during the year ended december 31 , 2019. the decrease in cash used by investing activities of $ 1,342,142 is attributable to increased additions to property and equipment and to an increase in mineral properties and interests during 2019. net cash provided by financing activities was $ 121,794 during the year ended december 31 , 2020 , compared with $ 11,102,164 provided during the year ended december 31 , 2019. this decrease in cash provided by financing activities of $ 10,980,370 is primarily a result of the proceeds from the purchase agreement signed in march 2019. as a result , cash decreased by $ 1,943,145 during the year ended december 31 , 2020 , leaving us a cash balance of $ 173,287 as of december 31 , 2020 , as compared to an ending cash balance of $ 2,116,432 as of december 31 , 2019. critical accounting policies the selection and application of accounting policies is an important process that has developed as our business activities have evolved and as the accounting rules have changed . accounting rules generally do not involve a selection among alternatives , but involve an implementation and interpretation of existing rules , and the use of judgment , to the specific set of circumstances existing in our business .


 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 cash flow net cash used by operating activities was $ 1,413,857 during the year ended december 31 , 2020 , compared with $ 7,001,224 cash used during the year ended december 31 , 2019. the decrease in cash used by operating activities of $ 5,587,367 is primarily attributable to the decrease in operating losses , inventory adjustments , and the increase in accounts payable and accrued liabilities in 2020 over that in 2019. net cash used by investing activities was $ 651,082 during the year ended december 31 , 2020 compared to $ 1,993,224 during the year ended december 31 , 2019. the decrease in cash used by investing activities of $ 1,342,142 is attributable to increased additions to property and equipment and to an increase in mineral properties and interests during 2019. net cash provided by financing activities was $ 121,794 during the year ended december 31 , 2020 , compared with $ 11,102,164 provided during the year ended december 31 , 2019. this decrease in cash provided by financing activities of $ 10,980,370 is primarily a result of the proceeds from the purchase agreement signed in march 2019. as a result , cash decreased by $ 1,943,145 during the year ended december 31 , 2020 , leaving us a cash balance of $ 173,287 as of december 31 , 2020 , as compared to an ending cash balance of $ 2,116,432 as of december 31 , 2019. critical accounting policies the selection and application of accounting policies is an important process that has developed as our business activities have evolved and as the accounting rules have changed . accounting rules generally do not involve a selection among alternatives , but involve an implementation and interpretation of existing rules , and the use of judgment , to the specific set of circumstances existing in our business .
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 Suspicious Activity Report : in july 2009 , we entered into agreements to commence exploration activities on mining claims in the gold hill mining district located in tooele county , utah . we hold leasehold interests within the gold hill mining district consisting of 66 unpatented mining claims and 10 patented claims . from these claims we have centered our exploration activities on the kiewit site . 17 during 2018 we settled our outstanding debt with dmrj group i , llc and repurchased and retired all outstanding preferred shares issued to them under the 2010 investment agreement with them . during 2019 we secured funding of $ 13,600,000 ( net ) from pdk utah holdings lp under the terms of the prepaid forward gold purchase agreement dated march 7 , 2019. we also renegotiated our lease with clifton mining and released all but the current unpatented and patented mining claims . we also reacquired the existing royalties from clifton and its affiliates and issued a royalty to pdk equal to 4 % of the net smelter returns from our mine . an additional 20 claims , known as the jjs property , were acquired . we suspended our mining operations in june 2016 because of depressed metal prices and lack of funds . we resumed operations in spring 2018 and again suspended operations in october 2018 for lack of funding . since securing funding in march 2019 , we have recommenced mining operations . results of operations for the years ended december 31 , 2020 and 2019 during the years ended december 31 , 2020 and 2019 , we had net losses of $ 1,840,593 and $ 3,776,293 , respectively . this represents a decrease in net loss of $ 1,935,700 for the year ended december 31 , 2020. the decrease for the year ended december 31 , 2020 is generally attributable to the decrease in operating loss and to the gain on extinguishment of sba debt in 2020 , along with the losses on settlement of consulting contract and redeemable stock as reflected in 2019. revenue from operations increased six-fold in 2020 over 2019 due to the resumption of mining operations which did not occur until fourth quarter of 2019. story_separator_special_tag gold concentrate , which is then further refined to become gold and silver bullion . the company 's performance obligation in these transactions is generally the transfer of concentrate to the customer . revenue is recognized upon the completion of the performance obligations and transfer of control of the product to the customer , and when the transaction price and number of ounces can be determined or reasonably estimated . processing income : the company processes ore for another company . once processed , the unrefined gold concentrate is shipped to a refinery where it is refined into gold and silver bullion . the company receives a percentage of the proceeds from the sale of the gold and silver concentrate which is credited to the company 's account at the refinery . management has determined the performance obligation is met when the company delivers the unrefined gold concentrate to the refinery and recognizes revenue at that time . 19 sales and accounts receivable for sales are recorded net of charges from the customer which represent components of the transaction price . charges are estimated by management upon transfer of risk based on contractual terms , and actual charges typically do not vary materially from management 's estimates . revenue from the sale of concentrate may be subject to adjustment upon final settlement of estimated metal prices , weights and assays , and are recorded as adjustments to revenue in the period of final settlement of prices , weights and assays ; such adjustments are typically not material in relation to the initial invoice amounts . revenue proceeds are recorded net of the impact of royalties and participation agreements . see note 18. reclamation and remediation the company 's operations have been , and are subject to , standards for mine reclamation that have been established by various governmental agencies . the company records the fair value of an asset retirement obligation as a liability in the period in which the company incurs a legal obligation for the retirement of tangible long-lived assets . a corresponding asset is also recorded and depreciated over the life of the asset . after the initial measurement of the asset retirement obligation , the liability is adjusted when there are changes in the estimated future cash flows due to change in estimated costs or change in time until reclamation will commence . determination of any amounts recognized is based upon numerous estimates and assumptions , including future retirement costs , future inflation rates and the credit-adjusted risk-free interest rates . such assumptions are based on the company 's current mining plan and the best available information for making such estimates . see note 13. for non-operating properties , the company accrues costs associated with environmental remediation obligations when it is probable that such costs will be incurred and they are reasonably estimable . such costs are based on management 's estimate of amounts expected to be incurred when the remediation work is performed . financial instruments the company 's financial instruments include cash and cash equivalents as well as various notes payable and the prepaid gold contract liability . all instruments are accounted for on a historical cost basis , which , due to the short maturity and interest rates of these financial instruments , approximates fair value at december 31 , 2020 and 2019. going concern as shown in the accompanying financial statements , the company had an accumulated deficit of $ 11,291,811 through december 31 , 2020 and net loss of $ 1,840,593 for the year ended december 31 , 2020 along with negative working capital of $ 3,748,321 , which raises substantial doubt about the company 's ability to continue as a going concern . the financial statements do not include any adjustments relating story_separator_special_tag in july 2009 , we entered into agreements to commence exploration activities on mining claims in the gold hill mining district located in tooele county , utah . we hold leasehold interests within the gold hill mining district consisting of 66 unpatented mining claims and 10 patented claims . from these claims we have centered our exploration activities on the kiewit site . 17 during 2018 we settled our outstanding debt with dmrj group i , llc and repurchased and retired all outstanding preferred shares issued to them under the 2010 investment agreement with them . during 2019 we secured funding of $ 13,600,000 ( net ) from pdk utah holdings lp under the terms of the prepaid forward gold purchase agreement dated march 7 , 2019. we also renegotiated our lease with clifton mining and released all but the current unpatented and patented mining claims . we also reacquired the existing royalties from clifton and its affiliates and issued a royalty to pdk equal to 4 % of the net smelter returns from our mine . an additional 20 claims , known as the jjs property , were acquired . we suspended our mining operations in june 2016 because of depressed metal prices and lack of funds . we resumed operations in spring 2018 and again suspended operations in october 2018 for lack of funding . since securing funding in march 2019 , we have recommenced mining operations . results of operations for the years ended december 31 , 2020 and 2019 during the years ended december 31 , 2020 and 2019 , we had net losses of $ 1,840,593 and $ 3,776,293 , respectively . this represents a decrease in net loss of $ 1,935,700 for the year ended december 31 , 2020. the decrease for the year ended december 31 , 2020 is generally attributable to the decrease in operating loss and to the gain on extinguishment of sba debt in 2020 , along with the losses on settlement of consulting contract and redeemable stock as reflected in 2019. revenue from operations increased six-fold in 2020 over 2019 due to the resumption of mining operations which did not occur until fourth quarter of 2019. story_separator_special_tag gold concentrate , which is then further refined to become gold and silver bullion . the company 's performance obligation in these transactions is generally the transfer of concentrate to the customer . revenue is recognized upon the completion of the performance obligations and transfer of control of the product to the customer , and when the transaction price and number of ounces can be determined or reasonably estimated . processing income : the company processes ore for another company . once processed , the unrefined gold concentrate is shipped to a refinery where it is refined into gold and silver bullion . the company receives a percentage of the proceeds from the sale of the gold and silver concentrate which is credited to the company 's account at the refinery . management has determined the performance obligation is met when the company delivers the unrefined gold concentrate to the refinery and recognizes revenue at that time . 19 sales and accounts receivable for sales are recorded net of charges from the customer which represent components of the transaction price . charges are estimated by management upon transfer of risk based on contractual terms , and actual charges typically do not vary materially from management 's estimates . revenue from the sale of concentrate may be subject to adjustment upon final settlement of estimated metal prices , weights and assays , and are recorded as adjustments to revenue in the period of final settlement of prices , weights and assays ; such adjustments are typically not material in relation to the initial invoice amounts . revenue proceeds are recorded net of the impact of royalties and participation agreements . see note 18. reclamation and remediation the company 's operations have been , and are subject to , standards for mine reclamation that have been established by various governmental agencies . the company records the fair value of an asset retirement obligation as a liability in the period in which the company incurs a legal obligation for the retirement of tangible long-lived assets . a corresponding asset is also recorded and depreciated over the life of the asset . after the initial measurement of the asset retirement obligation , the liability is adjusted when there are changes in the estimated future cash flows due to change in estimated costs or change in time until reclamation will commence . determination of any amounts recognized is based upon numerous estimates and assumptions , including future retirement costs , future inflation rates and the credit-adjusted risk-free interest rates . such assumptions are based on the company 's current mining plan and the best available information for making such estimates . see note 13. for non-operating properties , the company accrues costs associated with environmental remediation obligations when it is probable that such costs will be incurred and they are reasonably estimable . such costs are based on management 's estimate of amounts expected to be incurred when the remediation work is performed . financial instruments the company 's financial instruments include cash and cash equivalents as well as various notes payable and the prepaid gold contract liability . all instruments are accounted for on a historical cost basis , which , due to the short maturity and interest rates of these financial instruments , approximates fair value at december 31 , 2020 and 2019. going concern as shown in the accompanying financial statements , the company had an accumulated deficit of $ 11,291,811 through december 31 , 2020 and net loss of $ 1,840,593 for the year ended december 31 , 2020 along with negative working capital of $ 3,748,321 , which raises substantial doubt about the company 's ability to continue as a going concern . the financial statements do not include any adjustments relating

