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PIEDMONT HEALTH SERVICES, INC.
<br /> STATEMENTS OF CASH FLOWS
<br /> FOR THE YEARS ENDED NOVEMBER 30, 2013 and 2012
<br /> 2013 2012
<br /> CASH FLOWS FROM OPERATING ACTIVITIES
<br /> Change in net assets $ ( 213,296) $ 393,519
<br /> Adjustments to reconcile change in
<br /> net assets to net cash provided by
<br /> operating activities and gains:
<br /> Provision for bad debts 483,137 _ 17,447 .
<br /> Depreciation 1,231,684 1,103,715
<br /> Amortization 12,597 . 11,378
<br /> Contributed inventory-rugs ( 67,342) 195,057
<br /> Unrealized (gain) loss on
<br /> investments ( 265) ( 844)
<br /> Loss on disposition of fixed
<br /> assets 10,554 4,558
<br /> (Increase) Decrease in:
<br /> Grants receivable 794,522 ( 176,115)
<br /> Unconditional promise to give ( 492,699) ( 126,666)
<br /> Accounts receivable ( 753,252) (, 129,886)
<br /> Estimated retroactive adjustments
<br /> receivable 117,726 ( 222,189)
<br /> Accounts receivable-other (_ 73, 104) ( 66,718)
<br /> Prepaid expenses 8,358 ( 35,954)
<br /> Inventory-purchased ( 64,797) ( 32,547)
<br /> Increase (Decrease) in:
<br /> Accounts payable (1,130,845) 936,609
<br /> Accrued liabilities .318,448 543,956
<br /> Accrued vacation 28,513 ( 170,568)
<br /> Deferred revenue ( 1254,096) 297,939
<br /> Estimated retroactive adjustments
<br /> payable - ( 30,868)
<br /> Net Cash Provided by
<br /> Operating Activities 84,843 2,511,823
<br /> CASH FLOWS FROM INVESTING ACTIVITIES
<br /> (Increase) decrease in assets limited
<br /> as to use-
<br /> Limited:
<br /> By grantors 153,797 98,444
<br /> By note agreement as collateral ( 266,567) ( 192)
<br /> By note agreement for repair
<br /> reserve ( 12,625) 318,862
<br /> Purchases of property (2,712,164) (1,876,513)
<br /> Purchases of investments-common stock ( 327) ( 319)
<br /> Proceeds from sale of fixed assets 1,980
<br /> Net Cash Used by Investing
<br /> Activities (2,835,906) (1,459,718)
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