Kentucky State University Statement of Cash Flows Period Ending AUGUST 31, 2009 (Unaudited)
| Reconciliation of net operating loss to net cash from operating activities | |
|---|---|
| Operating loss | 10,253,141 |
| Adjustments to reconcile operating income to net cash from operating activities: | |
| Depreciation expense | 531,138 |
| Loss on disposal of capital assets | - |
| Changes in assets and liabilities: | |
| Receivables, net | (14,953,191) |
| Inventory and prepaid expenses | (34,010) |
| Accounts payable and accrued liabilities | (605,395) |
| Accrued compensated absences | - |
| Other Liabilities | (1,900) |
| Deferred revenue | (181,884) |
| Net cash from operating activities | (4,992,101) |
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