Ed covered this on Facebook last night:
Myecheck: Some comments on the financials released today. We have not booked our intellectual property on our balance sheet, our proprietary software like the check engine, and the patent license have significant value. We will determine a fair value of the assets and get them listed on the balance sheet. We couldn't just audit 2013, we first have to catch up on all past un-audited years. It can takes months for a one year audit, and we have to have audited 2010, 2011, 2012 before they can start 2013. We just hired the auditor about 3 weeks ago but I want them done asap.
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