MyECheck, Inc. (fka MYEC)

[Kubisiak5]

Deficit is a tax benefit thing over time. Operations resulted in the yearly losses which accumulate in the accumulated deficit category. So we dont owe that number to anyone, as weve already spent that money.

Essentially they had lost money since they opened the doors and thats all over now :) well apply earnings to the deficit and wont have to pay as much in taxes. The loss is kinda like a tax credit, cost of doing business or getting up and running sorta thing. Most businesses arent profitable for the first several years so these types of things are built in to help them out.