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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