MyECheck Inc (fka MYEC)

[ZK045]

They can still be using GAAP and recognize things on a different basis. Considering the transaction with Green Pay was probably a At arms length transaction it could of been classified differently (I wont know cause none us is ever going to take a deep look into the books) and the auditors probably decided to play it much more conservatively. But they still received the money through the transaction.

As Ed Stated "why there is a difference in the standard cash accounting that we reported vs SEC reporting requirement."