expansion within the current location is not viable , however management may seek to make acquisitions of established businesses , or , if a desirable location becomes available , we may elect to expand the concept . locations would be sought in heavily trafficked areas , such as within an airport , train station , etc . we have not found any such location as of the date of this filing and no agreements are in place . results of operations - for the years ended december 31 , 2012 and 2011 , the company had net income ( loss ) from operations of approximately ( $ 315,000 ) and $ 42,000 , respectively . total revenues - for the years ended december 31 , 2012 and 2011 , the company had total sales of approximately $ 1,118,500 and $ 1,078,000 respectively , for an increase of approximately $ 40,500 or 4 % . management believes revenues will continue to grow in the future as airport traffic increases . costs and expenses - costs of revenues , which include the costs of food , beverage , and kitchen supplies increased 3.3 % as a percentage of sales from 2011 to 2012. this increase can be attributed to the higher cost of certain food items . the cost of labor increased less than 2 % as a percentage of sales from 2011 to 2012. there were no sales for a little over three months in 2011 while the restaurant was closed for renovations . however , managers were paid during this time in order to have a company representative on location at all times during construction and there were some part-time employees paid to help clean out the restaurant just prior to construction and were also paid to help restock the restaurant prior to reopening . once renovations were completed the restaurant returned to operating with its full staff throughout all of 2012. the cost of rent increased approximately 4 % as a percentage of sales from 2011 to 2012. e.a.j . phl airport pays $ 14,000 per month basic rent plus 20 % of gross revenues above $ 1,200,000 under the lease . the rent is a fixed cost and sales are variable , so the total rent paid varies from year to year . depreciation expense increased approximately $ 23,000 from 2011 to 2012. this increase is attributable to the 2011 renovation which resulted in additions to leasehold improvements and the purchase of new equipment . general and administrative expenses increased 20.8 % as a percentage of sales from 2011 to 2012. this increase is a combination of several factors . while the restaurant was closed for three months in 2011 for remodeling , there was a decrease of general and administrative expenses and other professional fees . in 2012 these expenses naturally increased with the return to twelve months of operations . in addition , the company issued stock for services totaling $ 180,300. interest income and dividend income decreased from 2011 to 2012. interest income decreased $ 1,540 and , dividend income decreased $ 27 from 2011 to 2012. there was less interest due to lower interest rates and lower cash balances . interest expense decreased $ 8,721 from 2011 to 2012. this decrease is due to the decrease in interest being accrued on notes payable as some of those notes were partially repaid or paid in full . the unrealized gain ( loss ) on trading securities increased from a loss of $ 105,026 in 2011 to a gain of $ 97,977 in 2012. this change was due to the increased value of trading securities by the end of 2012. the realized gain ( loss ) from the sale of marketable securities changed from a gain of $ 54,317 in 2011 to a loss of $ 80,456 in 2012. this change was due to the sale of certain securities earlier in the year when the price was lower . 8 during 2012 , the company recognized an extraordinary gain of $ 2,354,988 on the extinguishment of debt for the write-off of convertible debentures , and loans and accounts payable related to subsidiaries that are no longer in business . story_separator_special_tag reduced policy limits and coverage or incur substantially higher costs to obtain the same or similar coverage . the impact of these events could also make it more difficult for us to attract and retain qualified persons to serve on the company 's board of directors , or as executive officers . we are presently evaluating and monitoring developments with respect to these new and proposed rules , and we can not predict or estimate the amount of the additional costs we may incur or the timing of such costs . in may 2011 , fasb issued asu 2011-04 “ fair value measurement ( topic 820 ) . ” the amendments in asu 2011-04 change the wording used to describe the requirements in u.s. gaap for measuring fair value and for disclosing information about fair value measurements . the amendments include ( 1 ) those that clarify the board 's intent about the application of existing fair value measurement and disclosure requirements and ( 2 ) those that change a particular principle or requirement for measuring fair value or for disclosing information about fair value measurements . in addition , to improve consistency in application across jurisdictions some changes in wording are necessary to ensure that u.s. gaap and ifrs fair value measurement and disclosure requirements are described in the same way ( for example , using the word shall rather than should to describe the requirements in u.s. gaap ) . story_separator_special_tag the amendments that clarify the board 's intent about the application of existing fair value measurement and disclosure requirements include ( a ) the application of the highest and best use and valuation premise concepts , ( b ) measuring the fair value of an instrument classified in a reporting entity 's shareholders ' equity , and ( c ) disclosures about fair value measurements that clarify that a reporting entity should disclose quantitative information about the unobservable inputs used in a fair value measurement that is categorized within level 3 of the fair value hierarchy . the amendments in this update that change a particular principle or requirement for measuring fair value or disclosing information about fair value measurements include ( a ) measuring the fair value of financial instruments that are managed within a portfolio , ( b ) application of premiums and discounts in a fair value measurement , and ( c ) additional disclosures about fair value measurements that expand the disclosures about fair value measurements . the amendments in asu 2011-04 are to be applied prospectively . for public entities , the amendments are effective during interim and annual periods beginning after december 15 , 2011. early application by public entities is not permitted . management does not expect the adoption of asu 2011-04 to have a material effect on the company 's financial position , results of operations or cash flows . in june 2011 , fasb issued asu 2011-05 “ comprehensive income ( topic 220 ) . ” under the amendments in this update , an entity has the option to present the total of comprehensive income , the components of net income , and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements . in both choices , an entity is required to present each component of net income along with total net income , each component of other comprehensive income along with a total for other comprehensive income , and a total amount for comprehensive income . in a single continuous statement , the entity is required to present the components of net income and total net income , the components of other comprehensive income and a total for other comprehensive income , along with the total of comprehensive income in that statement . in the two-statement approach , an entity is required to present components of net income and total net income in the statement of net income . the statement of other comprehensive income should immediately follow the statement of net income and include the components of other comprehensive income and a total for other comprehensive income , along with a total for comprehensive income . the amendments in this update should be applied retrospectively . for public entities , the amendments are effective for fiscal years , and interim periods within those years , beginning after december 15 , 2011. early adoption is permitted . the amendments do not require any transition disclosures . management elected early adoption and has presented the total of comprehensive income , the components of net income , and the components of other comprehensive income in a single continuous statement of comprehensive income . 10 in december 2011 , fasb issued asu 2011-12 “ comprehensive income ( topic 220 ) . ” in order to defer only those changes in update 2011-05 that relate to the presentation of reclassification adjustments , the paragraphs in this update supersede certain pending paragraphs in update 2011-05. the amendments are being made to allow the board time to re-deliberate whether to present on the face of the financial statements the effects of reclassifications out of accumulated other comprehensive income on the components of net income and other comprehensive income for all periods presented . while the board is considering the operational concerns about the presentation requirements for reclassification adjustments and the needs of financial statement users for additional information about reclassification adjustments , entities should continue to report reclassifications out of accumulated other comprehensive income consistent with the presentation requirements in effect before update 2011-05. all other requirements in update 2011-05 are not affected by this update , including the requirement to report comprehensive income either in a single continuous financial statement or in two separate but consecutive financial statements . public entities should apply these requirements for fiscal years , and interim periods within those years , beginning after december 15 , 2011. management does not expect the adoption of asu 2011-11 to have a material effect on the company 's financial position , results of operations or cash flows . in july 2012 , the fasb issued asu 2012-02 , `` intangibles -goodwill and other ( topic 350 ) : testing indefinite-lived intangible assets for impairment `` in accounting standards update no . 2012-02. this update amends asu 2011-08 , intangibles -goodwill and other ( topic 350 ) : testing indefinite-lived intangible assets for impairment and permits an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test in accordance with subtopic 350-30 , intangibles -goodwill and other -general intangibles other than goodwill . the amendments are effective for annual and interim impairment tests performed for fiscal years beginning after september 15 , 2012. early adoption is permitted , including for annual and interim impairment tests performed as of a date before july 27 , 2012 , if a public entity 's financial statements for the most recent annual or interim period have not yet been issued or , for nonpublic entities , have not yet been made available for issuance . the adoption of asu 2012-02 is not expected to have a material impact on our financial position or results of operations . in october 2012 , the financial accounting standards board ( fasb

liquidity and capital resources as of december 31 , 2012 , the company has a working capital deficit of $ 1,641,650. the company 's continued existence is dependent upon its ability to execute its operating plan and to obtain additional debt or equity financing . there can be no assurance the necessary debt or equity financing will be available , or will be available on terms acceptable to the company . management 's plans include searching for and opening new restaurants in the future , utilizing company assets to maximize shareholder value and obtaining additional financing to fund payment of obligations and to provide working capital for operations and to finance future growth . the company is actively pursuing alternative financing and has had discussions with various third parties , although no firm commitments have been obtained . in the interim , shareholders of the company have committed to meeting its operating expenses . management believes these efforts will generate sufficient cash flows from future operations to pay the company 's obligations and realize other assets . there is no assurance any of these transactions will occur . the company has met its capital requirements through the sale of its common stock , convertible preferred stock , convertible debentures and notes payable . since the company 's re-activation in january , 1997 , the company 's principal capital requirements have been the funding of ( i ) the development of the company and its 1950 's diner style concept , ( ii ) the construction of its existing units and the acquisition of the furniture , fixtures and equipment therein and ( iii ) towards the development of additional units . during 2012 and 2011 , the company used $ 6,912 and $ 333,901 , respectfully , in cash from investing activities from the purchase and sale of marketable equity securities and the purchase of property and equipment . as of december 31 , 2012 , the company owns marketable securities valued at $ 492,876. during 2012 and 2011 , the company repaid $ 252,000 and $ 220,000 in related party loans from past years .


 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 , 2012 , the company has a working capital deficit of $ 1,641,650. the company 's continued existence is dependent upon its ability to execute its operating plan and to obtain additional debt or equity financing . there can be no assurance the necessary debt or equity financing will be available , or will be available on terms acceptable to the company . management 's plans include searching for and opening new restaurants in the future , utilizing company assets to maximize shareholder value and obtaining additional financing to fund payment of obligations and to provide working capital for operations and to finance future growth . the company is actively pursuing alternative financing and has had discussions with various third parties , although no firm commitments have been obtained . in the interim , shareholders of the company have committed to meeting its operating expenses . management believes these efforts will generate sufficient cash flows from future operations to pay the company 's obligations and realize other assets . there is no assurance any of these transactions will occur . the company has met its capital requirements through the sale of its common stock , convertible preferred stock , convertible debentures and notes payable . since the company 's re-activation in january , 1997 , the company 's principal capital requirements have been the funding of ( i ) the development of the company and its 1950 's diner style concept , ( ii ) the construction of its existing units and the acquisition of the furniture , fixtures and equipment therein and ( iii ) towards the development of additional units . during 2012 and 2011 , the company used $ 6,912 and $ 333,901 , respectfully , in cash from investing activities from the purchase and sale of marketable equity securities and the purchase of property and equipment . as of december 31 , 2012 , the company owns marketable securities valued at $ 492,876. during 2012 and 2011 , the company repaid $ 252,000 and $ 220,000 in related party loans from past years .
```    
 Suspicious Activity Report : expansion within the current location is not viable , however management may seek to make acquisitions of established businesses , or , if a desirable location becomes available , we may elect to expand the concept . locations would be sought in heavily trafficked areas , such as within an airport , train station , etc . we have not found any such location as of the date of this filing and no agreements are in place . results of operations - for the years ended december 31 , 2012 and 2011 , the company had net income ( loss ) from operations of approximately ( $ 315,000 ) and $ 42,000 , respectively . total revenues - for the years ended december 31 , 2012 and 2011 , the company had total sales of approximately $ 1,118,500 and $ 1,078,000 respectively , for an increase of approximately $ 40,500 or 4 % . management believes revenues will continue to grow in the future as airport traffic increases . costs and expenses - costs of revenues , which include the costs of food , beverage , and kitchen supplies increased 3.3 % as a percentage of sales from 2011 to 2012. this increase can be attributed to the higher cost of certain food items . the cost of labor increased less than 2 % as a percentage of sales from 2011 to 2012. there were no sales for a little over three months in 2011 while the restaurant was closed for renovations . however , managers were paid during this time in order to have a company representative on location at all times during construction and there were some part-time employees paid to help clean out the restaurant just prior to construction and were also paid to help restock the restaurant prior to reopening . once renovations were completed the restaurant returned to operating with its full staff throughout all of 2012. the cost of rent increased approximately 4 % as a percentage of sales from 2011 to 2012. e.a.j . phl airport pays $ 14,000 per month basic rent plus 20 % of gross revenues above $ 1,200,000 under the lease . the rent is a fixed cost and sales are variable , so the total rent paid varies from year to year . depreciation expense increased approximately $ 23,000 from 2011 to 2012. this increase is attributable to the 2011 renovation which resulted in additions to leasehold improvements and the purchase of new equipment . general and administrative expenses increased 20.8 % as a percentage of sales from 2011 to 2012. this increase is a combination of several factors . while the restaurant was closed for three months in 2011 for remodeling , there was a decrease of general and administrative expenses and other professional fees . in 2012 these expenses naturally increased with the return to twelve months of operations . in addition , the company issued stock for services totaling $ 180,300. interest income and dividend income decreased from 2011 to 2012. interest income decreased $ 1,540 and , dividend income decreased $ 27 from 2011 to 2012. there was less interest due to lower interest rates and lower cash balances . interest expense decreased $ 8,721 from 2011 to 2012. this decrease is due to the decrease in interest being accrued on notes payable as some of those notes were partially repaid or paid in full . the unrealized gain ( loss ) on trading securities increased from a loss of $ 105,026 in 2011 to a gain of $ 97,977 in 2012. this change was due to the increased value of trading securities by the end of 2012. the realized gain ( loss ) from the sale of marketable securities changed from a gain of $ 54,317 in 2011 to a loss of $ 80,456 in 2012. this change was due to the sale of certain securities earlier in the year when the price was lower . 8 during 2012 , the company recognized an extraordinary gain of $ 2,354,988 on the extinguishment of debt for the write-off of convertible debentures , and loans and accounts payable related to subsidiaries that are no longer in business . story_separator_special_tag reduced policy limits and coverage or incur substantially higher costs to obtain the same or similar coverage . the impact of these events could also make it more difficult for us to attract and retain qualified persons to serve on the company 's board of directors , or as executive officers . we are presently evaluating and monitoring developments with respect to these new and proposed rules , and we can not predict or estimate the amount of the additional costs we may incur or the timing of such costs . in may 2011 , fasb issued asu 2011-04 “ fair value measurement ( topic 820 ) . ” the amendments in asu 2011-04 change the wording used to describe the requirements in u.s. gaap for measuring fair value and for disclosing information about fair value measurements . the amendments include ( 1 ) those that clarify the board 's intent about the application of existing fair value measurement and disclosure requirements and ( 2 ) those that change a particular principle or requirement for measuring fair value or for disclosing information about fair value measurements . in addition , to improve consistency in application across jurisdictions some changes in wording are necessary to ensure that u.s. gaap and ifrs fair value measurement and disclosure requirements are described in the same way ( for example , using the word shall rather than should to describe the requirements in u.s. gaap ) . story_separator_special_tag the amendments that clarify the board 's intent about the application of existing fair value measurement and disclosure requirements include ( a ) the application of the highest and best use and valuation premise concepts , ( b ) measuring the fair value of an instrument classified in a reporting entity 's shareholders ' equity , and ( c ) disclosures about fair value measurements that clarify that a reporting entity should disclose quantitative information about the unobservable inputs used in a fair value measurement that is categorized within level 3 of the fair value hierarchy . the amendments in this update that change a particular principle or requirement for measuring fair value or disclosing information about fair value measurements include ( a ) measuring the fair value of financial instruments that are managed within a portfolio , ( b ) application of premiums and discounts in a fair value measurement , and ( c ) additional disclosures about fair value measurements that expand the disclosures about fair value measurements . the amendments in asu 2011-04 are to be applied prospectively . for public entities , the amendments are effective during interim and annual periods beginning after december 15 , 2011. early application by public entities is not permitted . management does not expect the adoption of asu 2011-04 to have a material effect on the company 's financial position , results of operations or cash flows . in june 2011 , fasb issued asu 2011-05 “ comprehensive income ( topic 220 ) . ” under the amendments in this update , an entity has the option to present the total of comprehensive income , the components of net income , and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements . in both choices , an entity is required to present each component of net income along with total net income , each component of other comprehensive income along with a total for other comprehensive income , and a total amount for comprehensive income . in a single continuous statement , the entity is required to present the components of net income and total net income , the components of other comprehensive income and a total for other comprehensive income , along with the total of comprehensive income in that statement . in the two-statement approach , an entity is required to present components of net income and total net income in the statement of net income . the statement of other comprehensive income should immediately follow the statement of net income and include the components of other comprehensive income and a total for other comprehensive income , along with a total for comprehensive income . the amendments in this update should be applied retrospectively . for public entities , the amendments are effective for fiscal years , and interim periods within those years , beginning after december 15 , 2011. early adoption is permitted . the amendments do not require any transition disclosures . management elected early adoption and has presented the total of comprehensive income , the components of net income , and the components of other comprehensive income in a single continuous statement of comprehensive income . 10 in december 2011 , fasb issued asu 2011-12 “ comprehensive income ( topic 220 ) . ” in order to defer only those changes in update 2011-05 that relate to the presentation of reclassification adjustments , the paragraphs in this update supersede certain pending paragraphs in update 2011-05. the amendments are being made to allow the board time to re-deliberate whether to present on the face of the financial statements the effects of reclassifications out of accumulated other comprehensive income on the components of net income and other comprehensive income for all periods presented . while the board is considering the operational concerns about the presentation requirements for reclassification adjustments and the needs of financial statement users for additional information about reclassification adjustments , entities should continue to report reclassifications out of accumulated other comprehensive income consistent with the presentation requirements in effect before update 2011-05. all other requirements in update 2011-05 are not affected by this update , including the requirement to report comprehensive income either in a single continuous financial statement or in two separate but consecutive financial statements . public entities should apply these requirements for fiscal years , and interim periods within those years , beginning after december 15 , 2011. management does not expect the adoption of asu 2011-11 to have a material effect on the company 's financial position , results of operations or cash flows . in july 2012 , the fasb issued asu 2012-02 , `` intangibles -goodwill and other ( topic 350 ) : testing indefinite-lived intangible assets for impairment `` in accounting standards update no . 2012-02. this update amends asu 2011-08 , intangibles -goodwill and other ( topic 350 ) : testing indefinite-lived intangible assets for impairment and permits an entity first to assess qualitative factors to determine whether it is more likely than not that an indefinite-lived intangible asset is impaired as a basis for determining whether it is necessary to perform the quantitative impairment test in accordance with subtopic 350-30 , intangibles -goodwill and other -general intangibles other than goodwill . the amendments are effective for annual and interim impairment tests performed for fiscal years beginning after september 15 , 2012. early adoption is permitted , including for annual and interim impairment tests performed as of a date before july 27 , 2012 , if a public entity 's financial statements for the most recent annual or interim period have not yet been issued or , for nonpublic entities , have not yet been made available for issuance . the adoption of asu 2012-02 is not expected to have a material impact on our financial position or results of operations . in october 2012 , the financial accounting standards board ( fasb

