Operating loss $ (27,351,203) Adjustments to reconcile operating loss to net cash used for operating activities: Depreciation expense 5,958,366 Bad debt expense 2,128,997 Changes in assets and liabilities: Accounts receivable, net (428,925) Grants receivable, net (580,875) Loans receivable, net 26,937 Accounts payable and accrued liabilities (2,834,366) Other noncurrent liabilities (715,335) Due to state investment pool (4,168,253) Compensated absences 711,928 Unearned revenue 1,422,338 Federal grants refundable (68,858) Deposits (5,933) Claims and judgements payable 200,000 Deferred outflows - pension 1,745,049 Deferred outflows - OPEB 528,834 Deferred inflows - pension 4,111,760 Deferred inflows - OPEB 2,316,701 Net OPEB asset (11,750) Net pension liability (15,396,228) Net OPEB liability (3,221,346) Net cash used for operating activities $ (35,632,162)

Construction in progress financed by capital lease and placed into service in 2021 $ 208,124

NON-CASH FINANCING ACTIVITIES

26.