the_time() showing incorrect dates and times

I have a problem I can’t find the answer to. I did a pretty thorough search but nothing really pegged it. I am using the_time() as part of some code to display the previous posts in a category. The date is comes up with is wrong. Here is the code:

<?php
$recentposts = get_posts('numberposts=5&offset=1&category=1');
foreach($recentposts as $post) :
?>
<li><a href="<?php the_permalink(); ?>"><span><?php the_time('n M'); ?></span> <?php the_title(); ?></a></li>
<?php endforeach; ?>

I have multiple queries on the same page. Could that be it? I’ve tried playing with it and just can’t seem to get it.