Can't set correct time in wordpress chat

I am using WordPress Chat 1.0.2 in the Buddypress Business Portfolio child theme with WordPress version 3.0.4

In the chat settings I have enabled the time and date, but the date is six hours off. I have reset the time settings in my wordpress settings and disabled and re-enabled the time and date in the chat settings but the time is still off for me and my members.

How can I get the chat box to show the correct time of chats?