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Statements of Cash Flows, continued
Years ended June 30, 2013 and 2012
| 2013 | 2012 |
|---|
| Reconciliation of net operating loss to net cash from operating activities | | |
|---|
| Operating loss | $ (31,367,576) | $ (32,902,061) |
|---|
| Adjustments to reconcile operating loss to net cash from operating activities: | | |
|---|
| Depreciation expense | 4,511,068 | 4,485,779 |
|---|
| Bad debt expense | 1,637,173 | 3,146,807 |
|---|
| Changes in assets and liabilities: | | |
|---|
| Receivables, net | (39,795) | (8,151,253) |
|---|
| Inventory and other current assets | (307,373) | 132,778 |
|---|
| Accounts payable and accrued liabilities | (990,898) | 1,550,274 |
|---|
| Accrued compensated absences | (96,819) | (400,649) |
|---|
| Other liabilities | (58,900) | (38,914) |
|---|
| Unearned revenue | (931,256) | 65,327 |
|---|
| Net cash from operating activities | $ (27,644,376) | $ (32,111,912) |
|---|