Kentucky State University
Statement of Cash Flows
Period Ending November 30, 2008
(Unaudited)
| Reconciliation of net operating loss to net cash from operating activities | |
|---|
| Operating loss | (7,498,658) |
|---|
| Adjustments to reconcile operating income to net cash from operating activities: | |
|---|
| Depreciation expense | 1,130,723 |
|---|
| Loss on disposal of capital assets | |
|---|
| Changes in assets and liabilities: | |
|---|
| Receivables, net | (3,340,600) |
|---|
| Inventory and prepaid expenses | (391,203) |
|---|
| Accounts payable and accrued liabilities | 3,748 |
|---|
| Accrued compensation absences | - |
|---|
| Other Liabilities | (133,916) |
|---|
| Deferred revenue | (169,508) |
|---|
| Net cash from operating activities | (10,399,414) |
|---|
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