GAAP refers to "generally accepted accounting principles", an industry standard for reporting financial information. To fundraise using Regulation Crowdfunding, you must submit your financial statements in GAAP format.
If they're formatted like this example, meaning many of the same items and information (ex. issuance of stock) are covered in the same way, they're probably GAAP. That said, it's not just a question of formatting, and this isn't financial advice.
If you're still not sure, it's best to check with a CPA. We recommend using Kristine Rasmussen from Assure ([email protected]). Most startups that have raised on Republic work with Kristine.
Remember, if you want the ability to raise over $107,000, you must have your GAAP finances reviewed by an independent CPA.
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