| Reconciliation of net operating loss to net cash from operating activities | |
|---|---|
| Operating loss | $ (33,558,474) |
| Adjustments to reconcile operating loss to net cash from operating activities: | |
| Depreciation expense | 5,444,547 |
| Changes in assets and liabilities: | |
| Receivables, net | (864,293) |
| Collection of loans issued to students | 11,144 |
| Accounts payable and accrued liabilities | (149,002) |
| Unearned revenue | (253,321) |
| Deposits | 18,327 |
| Deferred outflows – pension and OPEB | 4,483,823 |
| Deferred inflows – pension and OPEB | 14,015,527 |
| Net pension liability | (24,678,942) |
| Net OPEB liability | 1,060,477 |
| Net cash from operating activities | $ (34,470,187) |
20.