IMVAR INC is US-based Company with Subsidiaries in both the United States and in Canada.The Company's Consolidated Financial Statements show a significantly higher net-income amount when prepared under Canadian GAAP than under U.S.GAAP.This difference can be largely explained by

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Timing differences between Canadian and US GAAP can arise due to differences in accounting rules and requirements. As such, timing differences may reverse out in the future. This is a common reason for the different net income amounts shown in the consolidated financial statements prepared under Canadian GAAP versus under US GAAP.

IMVAR INC Is US-Based Company with Subsidiaries in Both the United