| Reconciliation of net operating loss to net cash from operating activities | |
|---|---|
| Operating loss | $ (36,165,239) |
| Adjustments to reconcile operating loss to net cash from operating activities: | |
| Depreciation expense | 4,048,197 |
| Changes in assets and liabilities: | |
| Receivables, net | 1,844,413 |
| Loans to students, net | 908,700 |
| Other current assets | 140,607 |
| Accounts payable and accrued liabilities | (137,794) |
| Other current liabilities | (303,807) |
| Unearned revenue | (635,748) |
| Deposits | (104,610) |
| Deferred outflows – KTRS/KERS pension | (9,292,673) |
| Deferred inflows – KTRS/KERS pension | 5,894,259 |
| Net pension liability | 4,708,528 |
| Net cash from operating activities | $ (29,095,167) |
20.