Kentucky State University Statement of Cash Flows Period Ending February 28, 2009 (Unaudited)
| Reconciliation of net operating loss to net cash from operating activities | |
|---|---|
| Operating loss | (11,433,810) |
| Adjustments to reconcile operating income to net cash from operating activities: | |
| Depreciation expense | 1,815,294 |
| Loss on disposal of capital assets | - |
| Changes in assets and liabilities: | |
| Receivables, net | (542,390) |
| Inventory and prepaid expenses | (433,162) |
| Accounts payable and accrued liabilities | 1,065,994 |
| Accrued compensated absences | (5,475) |
| Other Liabilities | (180,930) |
| Deferred revenue | (368,995) |
| Net cash from operating activities | (10,083,474) |
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