SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 10-K

(Mark One)
☒	ANNUAL REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended September 30, 2023
For the fiscal year ended September 30, 2024
☐	TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from ____________________ to _____________________

Commission File No. 000-55329

CLEARTRONIC, INC. (Exact name of registrant as specified in its charter)
Florida	65-0958798
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
28050 S Highway 19 N, Ste 310 Clearwater, Florida	33761
28050 US Highway 19 N, Ste 310 Clearwater, Florida	33761
(Address of principal executive offices)	(Zip Code)
Registrant’s telephone number, including area code: (813) 289-7620

Securities registered pursuant to Section 12(b) of the Act:
None
Securities registered pursuant to Section 12(g) of the Act:
Title of each class	Trading Symbol (s)	Name of each exchange on which registered
Common stock, par value $0.00001 per share	CLRI	None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirement for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). Yes ☒ No ☐

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ☒

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” and “smaller reporting company” in Rule 12b-2 of the Exchange Act:

	Large accelerated filer	☐	Accelerated filer	☐
	Non-accelerated filer	☒	Smaller reporting company	☒

☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12(b)-2 of the Exchange Act). Yes ☐ No ☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

The aggregate market value of the registrant’s common stock held by non-affiliates of the registrant on ~~September~~March 3031, ~~2023~~2024 (based on the closing sale price of $~~0.0281~~00105 per share of the registrant’s common stock, as reported on the OTCPINK operated by The OTC Markets Group, Inc. on that date) was approximately $62,~~439~~407,~~416~~004. The stock price of $0.~~0281~~0105 at September 30, ~~2023~~2024, takes into account a one for 3,000 reverse stock split on December 28, 2012. Common stock held by each officer and director and by each person known to the registrant to own five percent or more of the outstanding common stock has been excluded in that those persons may be deemed to be affiliates. This determination of affiliate status is not necessarily a conclusive determination for other purposes. Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date. At ~~December~~March 20, ~~2023~~2025, the registrant had outstanding 229,160,695 shares of common stock, par value $0.00001 per share.

-i-

Table of Contents

PART I
		Page
PART I
Item 1.	Business	2
Item 1A.	Risk Factors	4
Item 1B.	Unresolved Staff Comments	4
Item 2.	Property	4
Item 3.	Legal Proceedings	4
Item 4.	Safety Disclosures	4
PART II
Item 5.	Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	54
Item 6.	Selected Financial Data	58
Item 7.	Management’s Discussion and Analysis of Financial Condition and Results of Operation	58
Item 7A.	Quantitative and Qualitative Disclosure About Market Risk	613
Item 8.	Financial Statements and Supplementary Data	613
Item 9.	Changes in and Disagreements with Accountants on Accounting and Financial Disclosure	613
Item 9A.	Controls and Procedures	613
Item 9B.	Other Information	714
PART III
Item 10.	Directors, Executive Officers and Corporate Governance	715
Item 11.	Executive Compensation	816
Item 12.	Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	917
Item 13.	Certain Relationships and Related Transactions, and Director Independence	919
Item 14.	Principal Accountant Fees and Services	1019
Item 15.	Exhibits, and Financial Statement Schedules	1121
	Signatures	1222

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

In light of the risks and uncertainties inherent in all projected operational matters, the inclusion of forward-looking statements in this Form 10-K, should not be regarded as a representation by us or any other person that any of our objectives or plans will be achieved or that any of our operating expectations will be realized. Our revenues and results of operations are difficult to forecast and could differ materially from those projected in the forward-looking statements contained in this Form 10-K, as a result of certain risks and uncertainties including, but not limited to, our business reliance on third parties to provide us with technology, our ability to integrate and manage acquired technology, assets, companies and personnel, changes in market condition, the volatile and intensely competitive environment in the business sectors in which we operate, rapid technological change, and our dependence on key and scarce employees in a competitive market for skilled personnel. These factors should not be considered exhaustive; we undertake no obligation to release publicly the results of any future revisions we may make to forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

-1-

PART I

Except for historical information, this report contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Such forward-looking statements involve risks and uncertainties, including, among other things, statements regarding our business strategy, future revenues and anticipated costs and expenses. Such forward-looking statements include, among others, those statements including the words “expects,” “anticipates,” “intends,” “believes” and similar language. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that might cause or contribute to such differences include, but are not limited to, those discussed in the section “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.” You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this report. We undertake no obligation to publicly release any revisions to the forward-looking statements or reflect events or circumstances taking place after the date of this document.

Item 1. Business.

The Company

The Company was initially incorporated on November 15, 1999, as Menu Sites, Inc., a Florida corporation. On March 9, 2001, the Company’s name was changed to CNE Communications, Inc. On October 1, 2004, the name was changed to CNE Industries, Inc. and on March 29, 2005, the name was changed to GlobalTel IP, Inc. On May 9, 2008, the Company’s name was changed to Cleartronic, Inc.

All current operations are conducted through the Company’s wholly owned subsidiary, ReadyOp Communications, Inc. (“ReadyOp”), a Florida corporation incorporated on September 15, 2014. ReadyOp facilitates the marketing and sales of subscriptions to the ReadyOp™ and ReadyMed ™ platform and the AudioMate IP gateways discussed below.

In March 2018, the Company approved the spin-off VoiceInterop into a separate company under a Form S-1 registration to be filed with the United States Securities and Exchange Commission. On May 13, 2019, VoiceInterop filed an S-1 registration with the United States Securities and Exchange Commission. All VoiceInterop transactions have been recorded as discontinued operations. On February 14, 2020, the distribution of shares was approved by FINRA and VoiceInterop was deconsolidated from Cleartronic, Inc. ~~(See Note 6).~~

In October 2019, the Company acquired the ReadyMed software platform from Collabria LLC. ReadyMed is a web-based secure communications platform initially designed for the healthcare industry. This includes hospitals, clinics, doctor’s offices, health insurance companies, workers compensation insurance companies and many other segments of the healthcare industry. The Company offers both the ReadyOp and ReadyMed capabilities to clients and usually refers to the platform as ReadyOp to avoid confusion in the marketplace of two platforms.

On August 1, 2024, the Company acquired a group of similar assets from Alastar, Inc. (“Alastar”) for $50,000. This asset group consisted of cash, prepaids and other current assets, as well as intellectual property including trademarks, software platforms, and a client list. The client list was the only asset ascribed value which was deemed to have continuing value to the Company. The Company has classified this client list as an intangible asset, which will be amortized over 5 years. It is planned that all operations and marketing of the Alastar platform will be conducted in the ReadyOp™ Communications subsidiary ~~Software~~in conjunction with the current ReadyOp and ReadyMed activities.

ReadyOp is™ a proprietary, innovative web-based planning and communications platform for efficiently and effectively planning, managing, communicating, and directing operations and emergency response. ReadyOp is used by local, state and federal government agencies, corporations, school districts, utilities, hospitals and others to manage and report daily operations as well as the ability to handle incidents and emergency situations. ReadyOp is offered as a software as a service (SAAS) program on an annual contract basis although an increasing number of clients have requested multi-year agreements. Software

ReadyOp ~~requires~~ nois ~~new~~a orproprietary, oninnovative web-~~site~~based ~~hardware~~planning ~~or programming by clients~~ and ~~provides multiple options for~~ communications ~~including radio interoperability~~ ~~using~~platform ~~the~~for ~~Company’s~~efficiently ~~AudioMate gateways. Plans~~ and ~~operations~~effectively ~~can~~planning, bemanaging, ~~built~~communicating, and ~~stored~~directing ~~securely~~operations ~~in ReadyOp on a by-location, region~~ and ~~systemwide~~emergency ~~basis~~response. ~~Assets~~ ~~can~~ReadyOp beis used ~~listed~~by ~~along with their location~~local, ~~person~~state ~~to contact~~ and ~~other~~federal ~~information~~government ~~that may be needed. Diagrams~~agencies, ~~charts~~corporations, ~~maps~~school districts, ~~pictures~~utilities, ~~report~~hospitals ~~forms~~ and ~~other~~others ~~documentation~~to ~~can~~manage beand ~~securely~~report daily ~~stored~~operations ~~yet~~as ~~immediately~~well ~~available~~as ~~securely from~~the ~~any~~ability ~~location. ReadyOp~~to ~~also~~handle ~~provides~~incidents ~~efficient~~and ~~planning~~emergency ~~and~~situations. ~~response~~ReadyOp ~~for~~is ~~responding~~offered toas ~~disasters~~a ~~and~~software ~~for~~as ~~continuity~~a ofservice ~~operations~~ (~~COOP~~SAAS) program ~~and~~on ~~recovery. ReadyOp~~an isannual ~~the~~contract ~~COOP~~basis ~~platform~~although ~~for~~an ~~multiple~~increasing ~~organizations~~number ~~including~~of ~~many~~clients ~~federal~~have ~~agencies~~requested multi-year agreements.

~~ReadyMed™ Software~~-2-

~~In October~~ReadyOp ~~2019,~~requires ~~the~~no ~~Company~~new ~~acquired~~or ~~the~~on-site ~~ReadyMed~~hardware ~~software~~or ~~platform~~programming ~~from~~by ~~Collabria~~clients ~~LLC.~~and provides Inmultiple ~~exchange~~options for ~~this~~communications ~~asset,~~including radio interoperability using the Company’s ~~issued 12,000,000~~AudioMate ~~shares~~gateways. ofPlans ~~Common~~and ~~stock~~operations can ofbe ~~the~~built ~~Company.~~and ~~ReadyMed~~stored issecurely ain ~~web-based~~ReadyOp ~~secure~~on ~~communications~~a ~~platform~~by-location, ~~initially~~region ~~designed~~and ~~for~~systemwide ~~the healthcare industry~~basis. ~~This~~Assets ~~includes~~can ~~hospitals,~~be ~~clinics,~~listed ~~doctor’s~~along ~~offices,~~with ~~health~~their ~~insurance companies~~location, person ~~workers~~to ~~compensation~~contact ~~insurance companies~~ and ~~many~~ other ~~segments~~information ofthat ~~the~~may ~~healthcare~~be ~~industry~~needed. ~~The~~Diagrams, ~~platform~~charts, ~~provides~~maps, ~~caregivers~~pictures, ~~with~~report ~~patient~~forms ~~tracking capability~~ and ~~allows physicians and~~ other ~~healthcare~~documentation ~~entities~~can be tosecurely ~~track~~stored ~~patient~~yet ~~progress~~immediately ~~after~~available ~~medical~~securely ~~treatment and/or release~~ from ~~hospital~~any ~~care~~location. ~~The~~ReadyOp ~~software~~ also ~~enables~~ ~~monitoring~~provides ~~and~~efficient ~~reporting~~planning ~~of patients in medium-~~ and ~~long-term~~response ~~care.~~for ~~Additionally, the platform provides secure communications~~responding ~~capabilities and recordkeeping~~ to ~~track~~disasters ~~the~~and ~~healing~~for ~~process~~continuity of ~~patients,~~operations ~~record~~(COOP) ~~their recovery~~ and ~~monitor their medications~~recovery. ~~During the COVID-19 pandemic this software proved beneficial to multiple federal and state agencies and clients in the healthcare industry. The Company offers both the~~ ReadyOp ~~and~~is ~~ReadyMed capabilities to clients and usually refers to~~ the COOP platform asfor ~~ReadyOp~~multiple toorganizations ~~avoid~~including ~~confusion~~many infederal ~~the marketplace of two products~~agencies.

~~AudioMate IP~~ReadyMed™ ~~Gateways~~Software

~~The~~In October 2019, the Company acquired the ReadyMed software platform from Collabria LLC. In exchange for this asset, the Company ~~offers~~issued a12,000,000 ~~proprietary~~shares ~~line~~of Common stock of ~~Internet~~the ~~Protocol~~Company. ~~Gateways~~ReadyMed ~~branded~~is asa ~~AudioMate~~web-based secure ~~360~~communications IPplatform ~~Gateway~~initially designed for the healthcare industry. ~~The~~This ~~AudioMate~~includes ~~360~~hospitals, IPclinics, ~~Gateway~~doctor’s offices, health ~~was~~insurance ~~designed~~companies, toworkers ~~provide~~compensation aninsurance ~~Internet~~companies ~~Protocol~~and ~~Gateway~~many toother ~~users~~segments of ~~unified~~the ~~group~~healthcare ~~communications~~industry. The ~~AudioMate~~platform ~~units~~provides caregivers ~~are~~with ~~currently being~~patient ~~sold~~tracking ~~directly~~capability toand ~~end-users~~allows byphysicians ~~the~~and ~~Company’s~~other ~~sales~~healthcare ~~teams~~entities ~~and~~to bytrack ~~Value~~patient ~~Added~~progress ~~Resellers~~after ~~(“VARs”)~~medical treatment and/or release from hospital care. ~~More~~The ~~than~~software ~~1,000~~also ~~end~~enables monitoring and reporting of patients in medium-~~users~~ and long-term care. inAdditionally, the ~~United~~platform ~~States~~provides ~~and~~secure 18communications ~~foreign~~capabilities ~~countries~~and ~~have~~recordkeeping ~~purchased~~to track the ~~Company’s~~healing ~~AudioMate~~process ~~gateways.~~of ~~Although~~patients, ~~other~~record their ~~devices~~recovery ~~are~~and ~~available~~monitor ~~that perform~~their medications. During the ~~same~~COVID-19 orpandemic ~~similar~~this ~~functions,~~software weproved ~~believe~~beneficial ~~that~~to ~~our~~multiple ~~price~~federal ~~for~~and state agencies and clients in the ~~AudioMate~~healthcare ~~360~~industry. IPThe ~~Gateway~~Company isoffers ~~competitive~~both ~~with~~the ~~prices~~ReadyOp ~~other~~and ReadyMed capabilities to clients and usually ~~companies~~refers ~~are~~to ~~charging~~the ~~for~~platform ~~similar~~as ~~devices~~ReadyOp to avoid confusion in the marketplace of two products.

~~Patents and~~AudioMate ~~Intellectual~~IP ~~Property~~Gateways

~~Our business~~The ~~will~~Company beoffers ~~dependent~~a inproprietary ~~part~~line onof ~~our~~Internet ~~intellectual~~Protocol ~~property.~~Gateways ~~For~~branded as ~~projects~~AudioMate ~~that~~360 ~~are~~IP inGateway. ~~development,~~The weAudioMate ~~intend~~360 IP Gateway was designed to ~~rely~~provide onan ~~intellectual~~Internet Protocol Gateway to users ~~property~~of ~~rights~~unified ~~afforded~~group bycommunications. ~~trademark~~The ~~and~~AudioMate ~~trade~~units ~~secret~~are ~~laws,~~currently asbeing ~~well~~sold asdirectly ~~confidentiality~~to ~~procedures,~~end-users ~~licensing~~by ~~arrangements~~the Company’s sales teams and ~~potential~~by ~~patent~~Value ~~filings~~Added Resellers (“VARs”). ~~These~~More ~~measures~~than ~~are~~1,000 toend-users ~~establish~~in the United States and ~~protect~~18 ~~our~~foreign ~~rights~~countries tohave purchased the ~~technology~~Company’s AudioMate ~~and~~gateways. Although other ~~intellectual~~devices ~~property.~~are Weavailable ~~cannot~~that ~~foretell~~perform the same or similar functions, we believe that our price for the ifAudioMate ~~these~~360 ~~procedures~~IP ~~and~~Gateway ~~arrangements~~is ~~will~~competitive bewith ~~adequate~~prices inother ~~protecting~~companies ~~our~~are ~~intellectual~~charging ~~property~~for similar devices.

~~On March~~Patents 13, 2012, the United States Patent Office notified the Company that U.S. Patent Number 8,135,001 B1 had been granted for the 34 claims of our patent application for Multi Ad Hoc Interoperable Communicating Networks. We may file similar patent applications in additional countries. The claims in the patent application relate to various aspects of the AudioMate 360 IP Gateway. It may be that one or more of the claims are not meaningful. Furthermore, the validity of issued patents is frequently challenged by others. One or more patent applications may have been filed by others previous to our filing, which encompass the same or similar claims. A patent application does not in and ofIntellectual itself grant exclusive rights. A patent application must be reviewed by the Patent Office of each relevant country prior to issuing as a patent and granting exclusive rights. The laws of many foreign countries do not protect intellectual property rights to the same extent as do the laws of the United States, if at all.Property

~~Because of~~Our ~~limited~~business ~~resources,~~will ~~the~~be ~~Company~~dependent ~~may~~in bepart ~~unable~~on toour ~~protect~~intellectual aproperty. ~~patent,~~For projects ~~either~~that ~~owned~~are orin ~~licensed~~development, orwe intend to ~~challenge~~rely ~~others~~on ~~who~~intellectual ~~may~~property ~~infringe upon~~rights aafforded ~~patent.~~by ~~Because~~trademark ~~many holders of patents have substantially greater resources~~ and ~~patent~~trade ~~litigation~~secret ~~is very expensive~~laws, weas ~~may not~~well ~~have~~as ~~the~~confidentiality ~~resources~~procedures, ~~necessary~~licensing toarrangements ~~successfully~~and ~~challenge~~potential ~~the~~patent ~~validity~~filings. ofThese ~~patents~~measures ~~held~~are byto ~~others~~establish orand ~~withstand~~protect ~~claims~~our ~~of infringement or~~rights ~~challenges~~ to ~~any patent~~ the ~~Company~~technology ~~may~~and ~~possess~~other orintellectual ~~obtain~~property. ~~Even~~We ifcannot weforetell ~~prevail,~~if ~~the~~these ~~cost~~procedures and ~~management~~arrangements ~~distraction~~will ofbe ~~litigation~~adequate ~~could~~in protecting ~~have~~our aintellectual ~~material adverse effect on the Company~~property.

~~Internet~~On March 13, 2012, the United States Patent Office notified the Company ~~Protocol~~that ~~Gateways~~U.S. ~~and~~Patent ~~their~~Number ~~related~~8,135,001 ~~manufacturing~~B1 ~~processes~~had ~~are~~been ~~covered~~granted byfor athe ~~large~~34 ~~number~~claims of ~~patents~~our ~~and~~patent application for Multi Ad Hoc Interoperable Communicating Networks. We may file similar patent applications in additional countries. ~~Infringement~~The claims in the patent application relate to various aspects ~~actions~~of the AudioMate 360 IP Gateway. It may be ~~instituted~~that ~~against~~one or more of the ~~Company~~claims ifare wenot ~~use~~meaningful. orFurthermore, ~~are~~the ~~suspected~~validity of ~~using~~issued patents ~~technology,~~is ~~processes~~frequently challenged by others. One or ~~other~~more ~~subject~~patent ~~matter~~applications ~~that is~~may ~~claimed~~have ~~under~~been ~~patents~~filed ofby others previous to our filing, which encompass the same or similar claims. AnA ~~adverse~~patent ~~outcome~~application does not in ~~any~~and ~~future~~of itself grant exclusive rights. A patent ~~dispute~~application ~~could~~must be ~~subject~~reviewed usby tothe ~~significant~~Patent ~~liabilities~~Office of each relevant country prior to ~~third~~issuing as a patent and granting exclusive rights. The laws of many ~~parties,~~foreign ~~require~~countries ~~disputed~~do not protect intellectual property rights to bethe ~~licensed~~same orextent ~~require~~as usdo tothe ~~cease~~laws ~~using~~of the ~~infringed~~United ~~technology~~States, if at all.

If trade secrets and other means of protection upon which the Company relies may not adequately protect us, the Company’s intellectual property could become available to others. Although we may rely on trade secrets, copyright law, employee and third-~~party nondisclosure agreements and other protective measures to protect some of our intellectual property, these measures may not provide meaningful protection to the Company.~~3-

~~-2-~~Because of limited resources, the Company may be unable to protect a patent, either owned or licensed, or to challenge others who may infringe upon a patent. Because many holders of patents have substantially greater resources and patent litigation is very expensive, we may not have the resources necessary to successfully challenge the validity of patents held by others or withstand claims of infringement or challenges to any patent the Company may possess or obtain. Even if we prevail, the cost and management distraction of litigation could have a material adverse effect on the Company.

~~Exclusive~~Internet Protocol Gateways and their related manufacturing processes are ~~Licensing~~covered ~~Agreement~~by a large number of patents and patent applications. Infringement actions may be instituted against the Company if we use or are suspected of using technology, processes or other subject matter that is claimed under patents of others. An adverse outcome in any future patent dispute could subject us to significant liabilities to third parties, require disputed rights to be licensed or require us to cease using the infringed technology.

~~On May~~If 5,trade ~~2017,~~secrets ~~the~~and ~~Company~~other ~~entered~~means ~~into~~of anprotection ~~Exclusive~~upon ~~Licensing~~which ~~Agreement~~the ~~with~~Company ~~Sublicensing~~relies may ~~Terms~~not ~~(the~~adequately ~~“Agreement”)~~protect ~~with~~us, the ~~University of~~Company’s ~~South~~intellectual ~~Florida~~property ~~Research~~could ~~Foundation,~~become ~~Inc.~~available ~~(“USFRF”) relating~~ to anothers. ~~exclusive~~Although ~~license~~we ofmay ~~certain~~rely ~~patent~~on ~~rights in connection~~trade ~~with~~secrets, ~~one~~copyright oflaw, ~~USFRF’s~~employee ~~U.S.~~and ~~Patent~~third-party ~~Applications.~~nondisclosure ~~Both~~agreements ~~parties~~and ~~recognize~~other ~~that~~protective ~~the~~measures ~~research~~to ~~and~~protect ~~development~~some ~~work~~of ~~provided~~our ~~by the Company was~~intellectual ~~sufficient~~property, ~~for~~these ~~USFRF~~measures tomay ~~enter~~not ~~into~~provide ~~the~~meaningful ~~Agreement~~protection ~~with~~to the Company.

~~The Agreement~~Exclusive isLicensing effective April 25, 2017 and continues until the later of the date that no Licensed Patent remains a pending application or an enforceable patent or the date on which the Licensee’s obligation to pay royalties expires.Agreement

~~The Company~~On ~~paid~~May ~~USFRF~~5, a2017, ~~License~~the ~~Issue~~Company ~~Fee~~entered ofinto ~~$6,000~~an ~~and~~Exclusive ~~$2,373~~Licensing asAgreement with ~~reimbursement~~Sublicensing ofTerms ~~expenses~~(the ~~associated~~“Agreement”) with the ~~filing~~University of ~~the~~South ~~Licensed~~Florida ~~Patent for~~Research ~~the~~Foundation, ~~year~~Inc. ~~ended~~(“USFRF”) relating ~~September~~to ~~30,~~an ~~2023.~~exclusive ~~The~~license ~~company~~of ~~agreed~~certain topatent ~~pay~~rights ~~USFRF~~in aconnection ~~royalty~~with one of 3%USFRF’s ~~for~~U.S. ~~sales~~Patent ofApplications. ~~all~~Both ~~Licensed~~parties ~~Products~~recognize that ~~and~~the ~~Licensed Processes~~research and ~~agreed~~development towork ~~pay~~provided by the Company was sufficient for USFRF ~~minimum~~to ~~royalty~~enter ~~payments~~into asthe ~~follows:~~Agreement with the Company.

Payment		Year
$1,000		2019
$4,000		2020
$8,000		2021

The Agreement is effective April 25, 2017 and continues until the later of the date that no Licensed Patent remains a pending application or an enforceable patent or the date on which the Licensee’s obligation to pay royalties expires.

-~~and every year thereafter on the same date, for the life of the agreement.~~4-

InThe Company paid USFRF a License Issue Fee of $8,000 and $6,000 as reimbursement of expenses associated with the ~~event~~filing of the ~~Company~~Licensed ~~proposes~~Patent tofor ~~sell~~the ~~any~~year ~~Equity~~ended ~~Securities~~September 30, ~~then~~2024 ~~USFRF~~and ~~will~~September ~~have~~30, ~~the~~2023, ~~right~~respectively. The company agreed to ~~purchase~~pay 5%USFRF ofa ~~the~~royalty ~~securities~~of ~~issued in~~3% ~~such~~for ~~offering~~sales onof ~~the~~all ~~same~~Licensed ~~terms~~Products and ~~conditions~~Licensed asProcesses ~~are~~and ~~offered~~agreed to ~~other~~pay ~~purchasers~~USFRF inminimum royalty ~~such~~payments ~~financing.~~as follows:

Rapid Technological Change Could Render the Company’s Products Obsolete

Payment	Year
$1,000	2019
$4,000	2020
$8,000	2021

~~The Company’s markets are characterized by rapid technological changes, frequent new product introductions~~ -and ~~enhancements,~~every ~~uncertain~~year ~~product life~~thereafter ~~cycles,~~on ~~changes~~the insame ~~customer requirements~~date, ~~and~~for ~~evolving industry standards. The introduction of new products embodying new technologies and~~ the ~~emergence of new industry standards could render our existing products obsolete. The Company’s future success will depend upon~~ ~~our~~life ~~ability to continue to develop and introduce new products and services to address the increasingly sophisticated needs~~ of ~~customers. The Company may experience delays in releasing new products, product enhancements and services in~~ the ~~future which may cause customers and prospective to forego purchase and use of our products and purchase those of competitors~~agreement.

~~Sales~~ In the event the Company proposes to ~~government~~sell ~~entities~~any ~~are~~Equity ~~subject~~Securities, then USFRF will have the right to apurchase ~~number~~5% of ~~challenges~~the securities issued in such offering on the same terms and ~~risks~~conditions as are offered to other purchasers in such financing.

~~The ReadyOp~~Rapid ~~platform~~Technological isChange aCould ~~Cloud~~Render ~~Service Offering (CSO) that is being used by several agencies of~~ the ~~federal government. In order to expand the usage by additional federal government agencies the~~ Company’s isProducts in the process of obtaining a FedRAMP Authorization. FedRAMP provides a standardized security framework for all cloud products and services that is recognized by all executive branch federal agencies. As a Cloud Service Provider or CSP the Company only needs to go through the FedRAMP Authorization process once for each CSO and perform continuous monitoring, with all agencies reviewing the same continuous monitoring deliverables, creating efficiencies across the government. The Company commenced the FedRamp certification process in 2023 and expects to have completed the certification by mid 2024.Obsolete

~~Seasonality~~The Company’s markets are characterized by rapid technological changes, frequent new product introductions and enhancements, uncertain product life cycles, changes in customer requirements, and evolving industry standards. The introduction of ~~Our~~new ~~Business~~products embodying new technologies and the emergence of new industry standards could render our existing products obsolete. The Company’s future success will depend upon our ability to continue to develop and introduce new products and services to address the increasingly sophisticated needs of customers. The Company may experience delays in releasing new products, product enhancements and services in the future which may cause customers and prospective to forego purchase and use of our products and purchase those of competitors.

~~We do~~Sales ~~not~~to ~~anticipate~~government ~~that~~entities ~~our~~are ~~business~~subject ~~will~~to bea ~~affected~~number byof ~~seasonal~~challenges ~~factors~~and risks.

~~Impact~~The ReadyOp platform is a Cloud Service Offering (CSO) that is being used by several agencies of ~~Inflation~~the federal government. In order to expand the usage by additional federal government agencies the Company is in the process of obtaining a FedRAMP Authorization. FedRAMP provides a standardized security framework for all cloud products and services that is recognized by all executive branch federal agencies. As a Cloud Service Provider or CSP the Company only needs to go through the FedRAMP Authorization process once for each CSO and perform continuous monitoring, with all agencies reviewing the same continuous monitoring deliverables, creating efficiencies across the government. The Company commenced the FedRamp certification process in 2023 and expects to have completed the certification by mid 2025.

~~We are~~Seasonality ~~affected by inflation along with the rest~~ of ~~the~~Our ~~economy. Specifically, our costs to complete our products could rise if specific components needed incur an increase in cost.~~Business

~~Manufacturing and~~We ~~Suppliers~~do not anticipate that our business will be affected by seasonal factors.

~~We have~~Impact ~~outsourced the manufacturing~~ of ~~our AudioMate 360 IP Gateway. This outsourcing has allowed us to:~~Inflation

●We ~~Avoid~~are ~~costly~~affected ~~capital~~by ~~expenditures~~inflation ~~for~~along with the ~~establishment~~rest of ~~manufacturing operations; ● Focus on~~ the ~~design,~~economy. ~~development~~Specifically, our ~~sales~~costs ~~and~~to ~~support~~complete of our products ~~and~~could ~~services;~~rise ~~and~~if ●specific ~~Leverage~~components ~~the~~needed ~~scale,~~incur ~~expertise~~an ~~and~~increase ~~purchasing~~in ~~power of specialized contract manufacturers~~cost.

~~Currently, Company~~Manufacturing has arrangements for the production of the AudioMate gateways with two contract manufacturers. The reliance on contract manufacturing involves a number of potential risks, including the absence of adequate capacity, ownership of certain elements of electronic designs, and reduced control over delivery schedules. The Company’s contract manufacturers can provide a range of operational and manufacturing services, including component procurement and performing final testing and assembly of our products. The Company intends to continue use of contract manufacturers to procure components and to maintain adequate manufacturing capacity.Suppliers

~~Competition~~We have outsourced the manufacturing of our AudioMate 360 IP Gateway. This outsourcing has allowed us to:

~~We are~~● ~~not~~Avoid ~~aware~~costly ofcapital ~~any~~expenditures ~~direct competitors~~ for ~~ReadyOp and ReadyMed that offer~~ the ~~same~~establishment ~~combinations~~ of ~~capabilities~~manufacturing and function. However, there are similar programs being marketed that appear similar and are sometimes confused with ReadyOp such as WebEOC and Everbridge. ReadyOp provides different capabilities and is priced lower than both of these and in fact, has several clients that use one or even both of these programs in addition to ReadyOp. We may have increased competition in the future. We continue to develop and enhance the ReadyOp/ReadyMed platform to improve the value and increase the potential market size and growth of our client clientele.operations;

~~The unified~~● ~~communications~~Focus ~~industry~~on ~~where~~ the ~~Company’s~~design, ~~gateways are offered is competitive. The Company will continue to offer the AudioMate gateways~~development, ~~but~~sales ~~primarily in conjunction with the ReadyOp platform to provide radio interoperability. Competition for an integrated radio~~ and ~~operations~~support ~~platform~~of isour ~~limited~~products and ~~the~~services; ~~Company will continue to market the ReadyOp platform, both with the gateways~~ and ~~without.~~

~~-3-~~● Leverage the scale, expertise and purchasing power of specialized contract manufacturers.

~~Sales and Marketing~~-5-

~~The~~Currently, Company has arrangements for the production of the AudioMate ~~ReadyOp/ReadyMed~~gateways ~~platform~~with istwo ~~currently~~contract ~~marketed~~manufacturers. ~~through~~The reliance on contract manufacturing involves a ~~combination~~number of ~~inside~~potential ~~salespersons~~risks, including the absence of adequate capacity, ownership of certain elements of electronic designs, and ~~outside~~reduced ~~sales~~control ~~groups.~~over Wedelivery ~~intend~~schedules. toThe ~~expand~~Company’s ~~the~~contract ~~use~~manufacturers ofcan ~~commissioned~~provide ~~sales~~a ~~groups~~range of operational and ~~individual~~manufacturing ~~sales~~services, ~~representatives~~including tocomponent ~~market~~procurement and ~~sell~~performing final testing and assembly of our ~~programs~~products. The Company intends to continue use of contract manufacturers to procure components and ~~gateways~~to maintain adequate manufacturing capacity.

~~Key Personnel of Cleartronic~~Competition

~~Our future~~We ~~financial~~are ~~success~~not ~~depends~~aware toof aany ~~large~~direct ~~degree~~competitors ~~upon~~for ReadyOp, ReadyMed or the Alastar ~~personal~~platform ~~efforts~~that ofoffer ~~our~~the ~~key~~same ~~personnel,~~combinations ~~Michael~~of Mcapabilities and function. ~~Moore~~However, ~~our~~there ~~Chief~~are ~~Executive Officer~~similar ~~(CEO)~~programs ~~and~~being ~~Director,~~marketed ~~and~~that appear ~~Larry~~similar M.and ~~Reid,~~are ~~our~~sometimes ~~Chief~~confused ~~Financial~~with ~~Officer~~ReadyOp ~~(CFO),~~such ~~Secretary~~as WebEOC and ~~Director~~Everbridge. ~~They~~ReadyOp ~~and~~provides ~~their~~different ~~designees~~capabilities ~~play~~and is priced ~~the~~lower ~~major~~than ~~role~~both of these and in ~~securing~~fact, ~~persons~~has ~~capable~~several ofclients ~~developing~~that ~~and~~use ~~executing~~one ~~the~~or ~~Company’s~~even ~~business~~both ~~strategy.~~of ~~While~~these ~~the~~programs ~~Company~~in ~~intends~~addition to ~~employ~~ ~~additional~~ReadyOp. ~~executive,~~We ~~development~~may ~~and~~have increased ~~technical~~competition ~~personnel~~ in ~~order~~the future. We continue to ~~minimize~~develop ~~dependency~~and ~~upon~~enhance ~~any~~the ~~one~~ReadyOp/ReadyMed ~~person,~~platforms weand ~~may~~to ~~not~~integrate bethe ~~successful~~Alastar platform incapabilities ~~attracting~~into ReadyOp to improve the value and ~~retaining~~increase the ~~persons~~potential ~~needed~~market size and growth of our client clientele.

~~At present,~~The ~~Cleartronic~~unified ~~has~~communications ~~two~~industry ~~executive~~where ~~officers,~~the ~~Michael~~Company’s M.gateways ~~Moore~~are ~~and~~offered is ~~Larry M~~competitive. ~~Reid.~~The ACompany ~~copy~~will ofcontinue ~~the~~to ~~employment~~offer ~~agreement~~the ~~with~~AudioMate ~~Mr.~~gateways, ~~Moore has~~but ~~been~~primarily ~~previously~~in ~~filed~~conjunction onwith ~~January~~the ~~13,~~ReadyOp ~~2016~~platform ~~as an exhibit~~ to aprovide radio ~~Form 10-K~~interoperability. ~~Mr.~~Competition ~~Moore~~for isan ~~paid~~integrated aradio ~~base~~and ~~salary~~operations ofplatform ~~$16,667~~is ~~per~~limited ~~month.~~and ~~Effective April 20, 2022,~~ the ~~annual~~Company ~~compensation~~will ~~increased~~continue to ~~$220,000.~~market the ~~See~~ReadyOp ~~Item~~platform, ~~13.~~both ~~“Certain~~with ~~Relationships~~the ~~and~~gateways ~~Related Transactions~~ and ~~Director~~ ~~Independence~~without.”

~~In March~~Sales ~~2015,~~and the Company entered into a new employment agreement with the Company’s CFO, Larry M. Reid (the “Agreement”). Under the Agreement, Mr. Reid agreed to remit 2.0 billion shares of common stock back to the Company in exchange for 200,000 shares of Series C Convertible Preferred stock with a fair value of $252,000. Mr. Reid is paid a base salary of $8,000 per month. A copy of the employment agreement with Mr. Reid has been previously filed on March 18, 2015 with the SEC as an exhibit to a Form 8-K. Effective October 1, 2021, the annual compensation increased to $104,000.Marketing

~~Unless the~~The ~~Company~~ReadyOp/ReadyMed ~~shall~~platform ~~have~~is ~~given~~currently ~~Mr.~~marketed ~~Moore~~through ora ~~Mr.~~combination of ~~Reid~~inside ~~written~~salespersons ~~notice~~and atoutside ~~least~~sales 30groups. ~~days~~We ~~prior~~intend to expand the ~~Termination~~use ~~Date,~~of ~~the~~commissioned ~~employment~~sales ~~agreements automatically~~groups ~~renew~~ and ~~continue~~individual insales ~~effect~~representatives to ~~for~~market ~~additional~~and ~~one-year~~sell ~~periods.~~our ~~The~~programs ~~Company~~and ~~has~~gateways. ~~the~~We ~~election~~will atalso ~~any~~begin ~~time~~to ~~after~~offer the ~~expiration of~~Alastar ~~the~~platform ~~initial~~as ~~term~~an ofoperational ~~the~~capability ~~Mr.~~for ~~Reid’s~~current and ~~Agreement~~prospective ~~to give Mr~~clients. ~~Reid notice of Termination.~~

~~The Financial~~Key ~~Results~~Personnel ~~for Cleartronic May Be Affected by Factors Outside~~ of ~~Our Control~~Cleartronic

Our future ~~operating~~financial ~~results~~success ~~may~~depends ~~vary~~to ~~from~~a ~~quarter~~large todegree ~~quarter~~upon ~~due~~the topersonal efforts aof ~~variety~~our ofkey ~~factors~~personnel, ~~many~~Michael ofM. ~~which~~Moore, ~~are outside~~ our ~~control.~~Chief ~~Our~~Executive ~~anticipated expense~~Officer ~~levels~~(CEO) ~~are~~and ~~based~~Director, inand ~~part,~~Larry onM. Reid, our ~~estimates~~Chief ofFinancial Officer ~~future~~(CFO), ~~revenues~~Secretary and ~~may vary from projections~~Director. WeThey ~~may~~and betheir ~~unable~~designees toplay ~~adjust~~the ~~spending rapidly~~major ~~enough~~role toin ~~compensate~~securing ~~for~~persons ~~any~~capable ~~unexpected~~of ~~revenue~~developing ~~shortfall.~~and ~~Accordingly,~~executing the ~~any~~Company’s ~~significant~~business ~~shortfall~~strategy. inWhile ~~revenue~~the inCompany ~~relation~~intends to ~~our planned~~employ ~~expenditures~~additional ~~could~~executive, ~~materially~~development and ~~adversely~~technical ~~affect~~personnel ~~our~~in ~~business,~~order to ~~operating~~minimize ~~results,~~dependency ~~and~~upon ~~financial~~any ~~condition.~~one ~~Further~~person, we ~~believe that~~may ~~period-to-period~~not ~~comparisons~~be ofsuccessful ~~our~~in ~~operating~~attracting ~~results~~and ~~are~~retaining ~~not~~the ~~necessarily~~persons ~~a meaningful indication of future performance~~needed.

~~Transfer~~At present, Cleartronic has two executive officers, Michael M. Moore and ~~Agent~~Larry M. Reid. A copy of the employment agreement with Mr. Moore has been previously filed on January 13, 2016 as an exhibit to a Form 10-K. Mr. Moore is paid a base salary of $16,667 per month. Effective April 20, 2022, the annual compensation increased to $220,000. See Item 13. “Certain Relationships and Related Transactions and Director Independence.”

~~Our transfer~~In ~~agent~~March ~~is ClearTrust~~2015, ~~LLC~~the Company entered into a new employment agreement with the Company’s CFO, ~~whose~~Larry ~~address~~M. isReid ~~16540~~(the ~~Pointe~~“Agreement”). ~~Village~~Under ~~Drive~~the Agreement, ~~Suite~~Mr. ~~206~~Reid agreed to remit 2.0 billion shares of common stock back to the Company in exchange for 200,000 ~~Lutz~~shares of Series C Convertible Preferred stock with a fair value of $252,000. ~~Florida~~Mr. ~~33558~~Reid is paid a base salary of $8,000 ~~and~~per ~~telephone~~month. ~~number~~A copy of the employment agreement with Mr. Reid has been previously filed on March 18, 2015 iswith ~~(813)~~the ~~235~~SEC as an exhibit to a Form 8-~~4490~~K. Effective October 1, 2021, the annual compensation increased to $104,000.

Unless the Company shall have given Mr. Moore or Mr. Reid written notice ~~Contact~~at ~~Information~~least 30 days prior to the Termination Date, the employment agreements automatically renew and continue in effect for additional one-year periods. The Company has the election at any time after the expiration of the initial term of the Mr. Reid’s Agreement to give Mr. Reid notice of Termination.

~~Our principal~~The ~~executive~~Financial ~~offices~~Results ~~are~~for ~~located at 28050 US Highway 19 N., Ste 310, Clearwater, FL 33761, telephone (813) 240-0307. Our email address is info@cleartronic.com. The~~ Cleartronic ~~Internet~~May ~~website~~Be isAffected ~~www.cleartronic.com~~by ~~and~~Factors ~~the ReadyOp website is www.readyop.com.~~Outside ~~The information contained in our website does not constitute part~~ of ~~this~~Our ~~report.~~Control

~~Item~~Our future operating results may vary from quarter to quarter due to a 1Avariety of factors, many of which are outside our control. ~~Risk~~Our ~~Factors~~anticipated expense levels are based, in part, on our estimates of future revenues and may vary from projections. We may be unable to adjust spending rapidly enough to compensate for any unexpected revenue shortfall. Accordingly, any significant shortfall in revenue in relation to our planned expenditures could materially and adversely affect our business, operating results, and financial condition. Further, we believe that period-to-period comparisons of our operating results are not necessarily a meaningful indication of future performance.

~~Not applicable.~~Transfer Agent

~~Item~~Our transfer agent is ClearTrust, LLC, whose address is 16540 Pointe Village ~~1B.~~Drive, ~~Unresolved~~Suite ~~Staff~~206, ~~Comments~~Lutz, Florida 33558, and telephone number is (813) 235-4490.

~~None.~~-6-

~~Item 2.~~Company ~~Property.~~Contact Information

~~During the~~Our ~~years~~principal ~~prior~~executive tooffices ~~December~~are 1,located ~~2022,~~at ~~the~~28050 ~~Company~~US ~~sub-leased~~Highway ~~approximately~~19 1N.,~~700~~ Ste ~~square~~310, ~~feet~~Clearwater, ~~for~~FL ~~our principal offices in Boca Raton~~33761, ~~Florida,~~ ~~from~~telephone ~~VoiceInterop,~~(813) ~~Inc~~240-0307. ~~The~~Our ~~monthly~~email ~~rent~~address is ~~$1,400 and provided for annual increases of base rent of 4% until the expiration date~~info@cleartronic.com. The ~~lease~~Cleartronic ~~expired~~Internet onwebsite ~~November 30, 2021~~is www.cleartronic.com Onand ~~December 1, 2021,~~ the ~~Company~~ReadyOp ~~signed~~website ais ~~one year lease for approximately 2,000 square feet for our principal offices in Boca Raton, Florida~~www.readyop.com. The ~~monthly~~information ~~rent~~contained isin ~~$2,200.~~our ~~The~~website ~~lease~~does ~~expires~~not onconstitute part ~~November~~of ~~30,~~this ~~2022~~report.

~~On December~~Item ~~2, 2022, and effective on January 1, 2023, the Company signed a two-year lease of 1,145 square feet for our principal offices in Clearwater, Florida~~1A. ~~The~~Risk ~~monthly rent is $2,134 in year one and increases to $2,198 in year two~~Factors. ~~The lease expires on December 31, 2024 (See Note 6).~~

~~Item 3.~~Not ~~Legal Proceedings~~applicable.

~~Cleartronic is~~Item ~~not engaged in any litigation at the present time and management is unaware of any claims or complaints that could result in future litigation~~1B. ~~Management~~ ~~will~~Unresolved ~~seek~~Staff ~~to minimize disputes with the Company’s customers but recognizes the inevitability of legal action in today’s business environment as an unfortunate price of conducting business~~Comments.

~~Item 4~~None. ~~Safety Disclosures.~~

~~Not applicable~~Item 2. Property.

On December 2, 2022, and effective on January 1, 2023, the Company signed a two-4year lease of 1,145 square feet for our principal offices in Clearwater, Florida. The monthly rent is $2,134 in year one and increases to $2,198 in year two. The lease expires on December 31, 2024. Effective January 1, 2025, the Company has a month-to-month lease (See Note 6).

~~PART II~~Item 3. Legal Proceedings.

~~Item~~Cleartronic is not engaged in any litigation at the present time and management 5is unaware of any claims or complaints that could result in future litigation. ~~Market~~Management ~~for~~will ~~Registrant~~seek to minimize disputes with the Company’s customers ~~Common~~but ~~Equity,~~recognizes ~~Related~~the ~~Stockholder~~inevitability ~~Matters~~of ~~and~~legal ~~Issuer~~action ~~Purchases~~in today’s business environment as an unfortunate price of ~~Equity~~conducting ~~Securities~~business.

~~The Company’s~~Item ~~common stock has been traded on the OTCPINK under the symbol “CLRI~~4.” ~~The~~Safety ~~last price of our common stock as reported on the pink tier of OTC Markets on September 30, 2023 was $0~~Disclosures.~~0281 per share.~~

~~As of~~Not ~~September 30, 2023 we were authorized to issue 5,000,000,000 shares of our common stock, of which 229,160,695 shares were outstanding~~applicable. Our shares of common stock are held by approximately 218 stockholders of record. The number of record holders was determined from the records of our transfer agent and does not include beneficial owners of our common stock whose shares are held in the names of various securities brokers, dealers, and registered clearing agencies. In addition to our authorized common stock, Cleartronic has designated 200,000,000 shares of preferred stock, par value $0.00001 per share, of which 7,317,403 shares are issued or outstanding. There is no trading market for the shares of our preferred stock.

~~Dividends~~PART II

The Company’s iscommon ~~obligated~~stock tohas ~~pay~~been ~~dividends~~traded on ~~its~~the ~~Series~~OTCPINK Aunder ~~Convertible~~the ~~Preferred Stock~~symbol “CLRI.” ~~Each~~The ~~Series~~last Aprice ~~Preferred~~of ~~Holder~~our iscommon ~~entitled~~stock toas ~~receive cumulative~~reported ~~dividends~~on at the ~~rate~~pink oftier 8% of ~~$1.00~~OTC ~~per~~Markets ~~annum for each outstanding share of Series A Preferred then held by such Series A Preferred Holder,~~ on ~~a pro rata basis. As of~~ September 30, ~~2023~~2024 ~~and~~was ~~2022, the cumulative arrearage of undeclared dividends totalled~~ $~~206,181 and~~0.0105 ~~$165,144, respectively~~per share.

~~Recent~~As of September 30, 2024 we were authorized to issue 5,000,000,000 shares ~~Sales~~of our common stock, of ~~Unregistered~~which ~~Securities~~229,160,695 shares were outstanding. Our shares of common stock are held by approximately 218 stockholders of record. The number of record holders was determined from the records of our transfer agent and does not include beneficial owners of our common stock whose shares are held in the names of various securities brokers, dealers, and registered clearing agencies. In addition to our authorized common stock, Cleartronic has designated 200,000,000 shares of preferred stock, par value $0.00001 per share, of which 7,317,403 shares are issued or outstanding. There is no trading market for the shares of our preferred stock.

Except for those unregistered securities previously disclosed in reports filed with the Securities Exchange Commission during the period covered by this report, we have not sold any securities under the Securities Act of 1933. Dividends

~~Issuer~~We do not anticipate paying any cash dividends or other distributions on ~~Purchases~~the Company’s common stock in the foreseeable future. Any future dividends will be declared at the discretion of ~~Equity~~the ~~Securities~~Company’s board of directors and will depend, among other things, on the earnings and financial requirements for future operations and growth, and other facts as the board of directors may then deem appropriate. See “Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters,” for a description of the preferred stock and dividend rights pertaining to the preferred stock.

~~None~~-7-

~~Item~~The Company is obligated to pay dividends on its Series A Convertible Preferred 6Stock. ~~Selected~~Each ~~Financial~~Series ~~Data~~A Preferred Holder is entitled to receive cumulative dividends at the rate of 8% of $1.00 per annum for each outstanding share of Series A Preferred then held by such Series A Preferred Holder, on a pro rata basis. As of September 30, 2024 and 2023, the cumulative arrearage of undeclared dividends totaled $247,329 and $206,181, respectively.

~~Not applicable.~~Recent Sales of Unregistered Securities

~~Item~~Except for those unregistered securities previously disclosed in reports 7.filed ~~Management’s~~with ~~Discussion~~the ~~and~~Securities ~~Analysis~~Exchange ofCommission ~~Financial~~during ~~Condition~~the ~~and~~period ~~Results~~covered by this report, we have not sold any securities under the Securities Act of ~~Operations~~1933.

~~THE FOLLOWING~~Issuer ~~DISCUSSION~~Purchases ~~SHOULD~~of BEEquity ~~READ~~Securities ~~TOGETHER WITH THE INFORMATION CONTAINED IN THE CONSOLIDATED FINANCIAL STATEMENTS AND RELATED NOTES INCLUDED ELSEWHERE IN THIS ANNUAL REPORT ON FORM 10-K.~~

~~MANAGEMENT DISCUSSION~~None

~~The following~~Item ~~discussion reflects the Company’s plan of operation~~6. ~~This~~Selected ~~discussion~~Financial ~~should be read in conjunction with the financial statements which are attached to this report~~Data. This discussion contains forward-looking statements, including statements regarding our expected financial position, business and financing plans. These statements involve risks and uncertainties. The actual results could differ materially from the results described in or implied by these forward-looking statements as a result of various factors, including those discussed below and elsewhere in this report, particularly under the headings “Special Note Regarding Forward-Looking Statements.”

~~Unless the~~Not ~~context otherwise suggests, “we,” “our,” “us,” and similar terms, as well as references to “Cleartronic”, all refer to Cleartronic, Inc~~applicable. ~~and our subsidiaries as of the date of this report.~~

Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

~~YEAR ENDED~~THE ~~SEPTEMBER~~FOLLOWING ~~30,~~DISCUSSION ~~2023~~SHOULD ~~COMPARED~~BE TOREAD TOGETHER WITH THE ~~YEAR~~INFORMATION ~~ENDED~~CONTAINED IN ~~SEPTEMBER~~THE ~~30,~~CONSOLIDATED ~~2022~~FINANCIAL STATEMENTS AND RELATED NOTES INCLUDED ELSEWHERE IN THIS ANNUAL REPORT ON FORM 10-K.

~~Revenue~~MANAGEMENT DISCUSSION

~~Revenues increased~~The ~~5.67%~~following todiscussion ~~$2,131,955~~reflects ~~for~~ the ~~year~~Company’s ~~ended~~plan ~~September~~of ~~30,~~operation. ~~2023~~This discussion asshould ~~compared~~be toread ~~$2,017,563~~in ~~for~~conjunction with the ~~year~~financial ~~ended~~statements ~~September~~which ~~30,~~are ~~2022. The~~attached ~~primary~~to ~~reason~~this ~~for~~report. ~~the~~This ~~increase~~discussion ~~was~~contains anforward-looking statements, ~~increase~~including instatements ~~revenue~~regarding ~~from~~our ~~the~~expected ~~ReadyOp~~financial ~~platform from $1~~position,~~818,035~~ inbusiness ~~2022~~and tofinancing ~~$2,022,550 in 2023~~plans. ~~There~~ ~~was~~These ~~also~~statements aninvolve ~~increase~~risks and inuncertainties. ~~sales~~The ofactual ~~ReadyOp~~results ~~hardware~~could ~~products~~differ materially from ~~$33,800~~the inresults ~~2022~~described ~~to 48,325~~ in ~~2023.~~or ~~Consulting~~implied ~~fees~~by ~~and~~these ~~related~~forward-looking statements ~~income~~as ~~decreased~~a ~~from~~result ~~$86,000~~of invarious ~~2022 to $32~~factors,~~850~~ inincluding ~~2023~~those ~~due~~discussed ~~primarily~~below toand aelsewhere ~~decrease~~ in ~~sales~~this ofreport, ~~thermal~~particularly ~~scanners~~under asthe ~~these~~headings ~~were primarily~~“Special ~~purchased~~Note byRegarding ~~clients~~Forward-Looking ~~for operations during the COVID 19 pandemic~~Statements.”

~~Cost~~Unless the context otherwise suggests, “we,” “our,” “us,” and similar terms, as well as references to “Cleartronic”, all refer to Cleartronic, Inc. and our subsidiaries as of ~~Revenue~~the date of this report.

~~Cost~~ Results of revenues decreased to $316,163 for the year ended September 30, 2023 as compared to $334,138 for the year ended September 30, 2022. Gross profits were $1,815,792 and $1,683,425 for the years ended September 30, 2023 and September 30, 2022, respectively. Gross profit margins increased to 85.17% for the year ended September 30, 2023 from 83.44% for the year ended September 30, 2022.Operations

~~Operating~~YEAR ENDED SEPTEMBER 30, 2024 COMPARED TO THE YEAR ENDED SEPTEMBER 30, ~~Expenses~~2023

Operating expenses increased 32.49% to $1,761,843 for the year ended September 30, 2023 compared to $1,329,791 for the year ended September 30, 2022. The increase was primarily due to administrative expenses and selling expenses. General and administrative expenses increased by $270,184 or 26.14% as a result of the increase in general business expenses, an increase in headcount and personnel related costs associated with the addition of new employees. In addition, the Company’s paid fees to outside consulting services that are assisting us in obtaining FedRAMP certification. For the year ended September 30, 2023, $59,324 was paid in connection with FedRamp certification. There were also charitable contributions and employee holiday bonuses paid during the year. For the year ended September 30, 2023, selling expenses were $425,498 compared to $272,521 for the year ended September 30, 2022. This increase was primarily due expenses associated with a trade show hosted by the Company and bad debt expense. There was also an increase in advertising and travel expenses as the Company increased its sales and marketing efforts following the COVID 19 pandemic. Research and development expenses were $27,314 for the year ended September 30, 2023, as compared to $19,742 for the year ended September 30, 2022. This increase was primarily due to research and development expenses.Revenue

~~Other~~Revenues increased 46.63% to $3,126,148 for the year ended September ~~Income/(Expenses)~~30, 2024 as compared to $2,131,955 for the year ended September 30, 2023. The primary reason for the increase was an increase in revenue from the ReadyOp platform from $2,022,550 in 2023 to $2,414,949 in 2024. There was also an increase in sales of ReadyOp hardware products from $49,674 in 2023 to $671,999 in 2024. Consulting fees and related income decreased from $59,731 in 2023 to $39,200 in 2024 due to a decrease in training activity.

~~The Company’s~~Cost ~~other income decreased by $44,654 from other income~~ of $2,607 during the year ended September 30, 2023 as compared to $47,261 in other expenses for the year ended September 30, 2022. The primary reason for this decrease was an increase in interest income on note receivable due from a related party and offset by a settlement of certain accounts payable for the year ended September 30, 2022.Revenue

~~-5-~~Cost of revenues increased to $866,402 for the year ended September 30, 2024 as compared to $435,529 for the year ended September 30, 2023. Gross profits were $2,259,746 and $1,696,426 for the years ended September 30, 2024 and September 30, 2023, respectively. Gross profit margins decreased to 72.29% for the year ended September 30, 2024 from 79.57% for the year ended September 30, 2023.

~~Income before Income Taxes~~-8-

~~The Company’s~~Operating income before income taxes was $56,556, during the year ended September 30, 2023, as compared to $400,895 for the year ended September 30, 2022. The decrease was primarily due to expensing audit expenses, a move of the corporate headquarters, the addition of new employees, employee related costs and costs associated with FedRAMP certification. The increased costs were partially offset by an increase in subscriptions of ReadyOp licenses.Expenses

~~Net~~Operating expenses increased 55.88% to $2,560,333 for the year ended ~~Income~~September ~~Attributable~~30, 2024 compared to ~~Common~~$1,642,477 ~~Stockholders~~for the year ended September 30, 2023. The increase was primarily due to administrative expenses, research and development expenses, and selling expenses. General and administrative expenses increased by $770,159 or 59.06% as a result of the increase in general business expenses, impairment loss, an increase in headcount and personnel related costs associated with the addition of new employees. There were also charitable contributions and employee holiday bonuses paid during the year.

~~Net income~~For ~~attributable to common stockholders was $15,518 for~~ the year ended September 30, ~~2023~~2024, asselling ~~compared~~expenses towere a$287,676 ~~net~~compared to ~~income of~~ $~~359~~306,~~858~~ 132 for the year ended September 30, ~~2022~~2023. ~~The~~This decrease was primarily due to anbad ~~increase~~debt inexpense, ~~administrative~~ and slight offset by an increase in ~~sales of~~advertising ~~ReadyOp~~and ~~licenses.~~travel ~~The increased costs were partially due~~ expenses ~~related~~as tothe aCompany ~~move~~increased ofits ~~the~~sales ~~corporate headquarters~~ and ~~the~~marketing ~~addition of new employees~~efforts. ~~The preferred stock dividends remained consistent.~~

~~Liquidity~~Research and development expenses were $189,022 for the year ended September 30, 2024, as compared to $27,314 for the year ended September 30, 2023. This increase was primarily due to research and ~~Capital~~development expenses ~~Resources~~and Company’s fees paid to outside consulting services that are assisting us in obtaining FedRAMP certification. For the year ended September 30, 2024, $166,419 was paid in connection with FedRamp certification.

~~For the~~Other year ended September 30, 2023, net cash provided in operations of $99,595 was the result of a net income of $56,556, depreciation and amortization expense of $5,051, amortization of operating lease of $17,949, provision of bad debt of $97,994, an increase in accounts payable of $10,640, and a decrease in inventory of $816. These were offset by an increase in accounts receivable of $105,537, increase in prepaid expenses of $17,635 and an increase in deferred revenue of $52,169.Income/(Expenses)

~~For the~~The ~~year~~Company’s ~~ended~~other ~~September~~income ~~30,~~increased ~~2022~~by $25,855 ~~net~~from ~~cash~~other ~~used~~income ~~in operations~~ of $7428,~~649~~462 during ~~was~~ the ~~result~~year ofended aSeptember ~~net~~30, ~~income~~2024 ofas compared to $~~400~~2,~~895,~~607 ~~depreciation~~in ~~expense of~~other ~~$3,732,~~income ~~provision~~for ofthe ~~bad~~year ~~debt~~ended ofSeptember ~~$14~~30,~~000,~~ ~~gain~~2023. onThis ~~settlement~~increase ~~and~~was an ~~reversal~~increase ofin ~~accounts~~interest ~~payable~~income ofon ~~$47,792,~~treasury anbill ~~increase~~investments inand ~~accounts~~ related party interest - receivable of $~~231~~44,~~785,~~412 and aextinguishment ~~decrease~~ of ~~accounts payable~~ liabilities of $3642,~~943.~~941 ~~These~~and ~~were~~ offset by ana ~~increase~~write inoff ~~inventory~~ of ~~$6,444,~~note ~~an increase in prepaid expenses of $6,228,~~ and aninterest ~~increase~~receivable in- ~~deferred~~related ~~revenue~~party of $658,~~285.~~ 891

~~Net cash~~Income ~~used~~before inIncome ~~investing activities was $50,807 for the year ended September 30, 2023 which was for the purchase of fixed assets of $6,434, and intangible assets of $44,374.~~Taxes

~~Net cash~~The ~~used~~Company’s inloss ~~investing~~before ~~activities~~income taxes was $272,125, during the year ended September 30, 2024, as compared to income of $756,~~483~~556 income before income taxes for the year ended ~~2022~~September 30, ~~which~~2023. ~~was~~The increased ~~for~~costs ~~the~~were ~~purchase~~partially ofoffset ~~fixed~~by ~~assets~~an increase in subscriptions of ~~$7,483~~ReadyOp licenses.

~~Critical Accounting~~Net ~~Estimates~~(Loss) Income Attributable to Common Stockholders

WeNet loss attributable to common stockholders was $313,273 for the ~~prepare~~year ~~our~~ended ~~consolidated~~September ~~financial~~30, ~~statements~~2024 inas ~~accordance~~compared ~~with~~to ~~accounting~~a ~~principles~~net ~~generally~~income ~~accepted~~of in$15,518 for the ~~United~~year ~~States~~ended ofSeptember ~~America~~30, ~~and~~ ~~make~~2023. ~~estimates~~The ~~and~~decrease ~~assumptions~~was ~~that~~primarily due ~~affect~~to ~~our~~an ~~reported~~increase ~~amounts~~in ofadministrative ~~assets,~~expenses ~~liabilities,~~and ~~revenue~~research and development expenses, and ~~the~~offset ~~related~~by ~~disclosures~~ an increase in sales of ~~contingent~~ReadyOp ~~liabilities.~~licenses and Wea ~~base~~prior ~~our~~period ~~estimates~~adjustment, onsee ~~historical~~Note ~~experience~~2. ~~and~~The ~~other~~increased ~~assumptions~~costs ~~that~~were wepartially ~~believe~~due ~~are~~to ~~reasonable~~addition inof ~~the~~new employees associated and costs associated ~~circumstances.~~FedRAMP ~~Actual~~certification ~~results~~. ~~may~~The ~~differ~~preferred ~~from~~stock ~~these~~dividends ~~estimates~~remained consistent.

~~The following~~Liquidity ~~critical accounting policies affect our more significant estimates~~ and ~~assumptions~~Capital ~~used~~Resources ~~in preparing our consolidated financial statements.~~

~~Accounts~~For the year ended September 30, 2024, net cash provided in operations ~~Receivable~~of $414,901 was the result of a net loss of $272,125, depreciation and ~~Allowance~~amortization ~~for~~expense ~~Credit~~of ~~Losses~~$9,496, amortization of operating lease of $23,931, gain on extinguishment of liabilities of $ 42,941, provision of bad debt of $20,000, impairment of intangible assets of $44,373, note and interest receivable - related party write off of $58,891, an increase in accounts payable of $78,972, an increase in inventory of $19,619. These were offset by a decrease in accounts receivable of $359,404, an increase in prepaid expenses of $16,539 and an increase in deferred revenue of $195,645.

~~The Company~~For ~~maintains~~the ~~current~~year ~~receivable~~ended ~~amounts~~September ~~with~~30, ~~most~~2023, ofnet ~~its~~cash ~~customers.~~provided ~~The~~in ~~Company~~operations of ~~regularly~~$99,595 ~~monitors~~was ~~and~~the ~~assesses~~result ~~its risk~~ of ~~not collecting~~a ~~amounts~~net ~~owed~~income byof ~~customers.~~$56,556, ~~This~~depreciation ~~evaluation~~and isamortization ~~based~~expense ~~upon~~of an$5,051, ~~analysis~~amortization of ~~current~~operating ~~and~~lease of ~~past due amounts~~$17,949, ~~along~~provision ~~with~~of ~~relevant history~~bad ~~and~~debt ~~facts~~of ~~particular~~$97,994, toan ~~the~~increase ~~customer.~~in ~~The~~accounts ~~Company~~payable ~~records~~of ~~its~~$10,640, ~~allowance~~and ~~for~~a ~~credit~~decrease ~~losses~~in ~~based~~inventory ~~on the results~~ of ~~this analysis~~$816. ~~The~~ ~~analysis~~These ~~requires~~were offset ~~the~~by ~~Company~~an toincrease ~~make~~in ~~significant~~accounts ~~estimates~~receivable ~~and~~of ~~as such~~$105,537, ~~changes~~an increase in ~~facts~~prepaid ~~and~~expenses ~~circumstances~~of ~~could~~$17,635 ~~result~~and inan ~~material changes~~increase in ~~the~~deferred ~~allowance~~revenue of ~~for credit losses~~$52,169. ~~The Company considers as past due any receivable balance not collected within its contractual terms.~~

~~The Company provided $63,665 and $18,000 allowances for doubtful accounts as of September 30, 2023, and September 30, 2022, respectively.~~-9-

~~Inventory~~Net cash used in investing activities was $482,135 for the year ended September 30, 2024 which was for the purchase of fixed assets of $32,135, and intangible asset - client list of $50,000.

~~Inventory consists~~Net ofcash ~~components~~used ~~held~~in ~~for~~investing ~~assembly~~activities ~~and~~was ~~finished~~$50,807 ~~goods held~~ for ~~resale~~the oryear toended ~~be utilized for installation in projects. Inventory~~September ~~is valued at lower of cost or net realizable value on a first-in~~30, ~~first-out~~2023 ~~basis.~~which ~~The~~was ~~Company’s policy is to record a reserve~~ for ~~technological~~ ~~obsolescence~~the orpurchase ~~slow-moving~~of ~~inventory~~fixed ~~items.~~assets ~~The~~of ~~Company~~$6,434, ~~only carries finished goods to be shipped along with completed circuit boards~~ and ~~parts~~intangible ~~necessary~~assets ~~for final assembly~~ of ~~finished product~~$44,373. ~~All existing inventory is considered current and usable.~~

~~Recent~~ Critical Accounting ~~Pronouncements~~Policies and Estimates

~~The recent~~We ~~accounting~~prepare ~~standards~~our ~~that~~consolidated ~~have~~financial ~~been~~statements ~~issued~~in oraccordance ~~proposed~~with byaccounting principles ~~Financial~~generally ~~Accounting~~accepted ~~Standard~~in ~~Board~~the ~~(FASB)~~United orStates ~~other~~of ~~standard~~America, ~~setting bodies~~and make estimates and assumptions that doaffect ~~not~~our ~~require~~reported ~~adoption~~amounts ~~until~~of assets, aliabilities, ~~future~~revenue ~~date~~and ~~are~~expenses, ~~not~~and ~~expected~~the torelated ~~have~~disclosures aof ~~material~~contingent ~~impact~~liabilities. We base our estimates on historical experience and other assumptions that we believe are reasonable in the ~~financial~~circumstances. ~~statement~~Actual ~~upon~~results ~~adoption~~may differ from these estimates.

The ~~recent~~ ~~accounting~~following ~~pronouncements~~critical ~~are~~accounting ~~described~~policies inaffect ~~Note~~our 2more tosignificant estimates ~~the~~and ~~consolidated~~assumptions ~~financial~~used ~~statement~~in ~~appearing~~preparing ~~elsewhere~~our inconsolidated ~~this~~financial ~~report~~statements.

~~Off-Balance Sheet~~Accounts ~~Arrangements~~Receivable and Allowance for Credit Losses

WeThe Company maintains current receivable amounts with most of its customers. doThe Company regularly monitors and assesses its risk of not ~~have~~collecting amounts owed by customers. This evaluation is based upon an analysis of current and past due amounts, along with relevant history and facts particular to the customer. The Company records its allowance for credit losses based on the results of this analysis. The analysis requires the Company to make significant estimates and as such, changes in facts and circumstances could result in material changes in the allowance for credit losses. The Company considers as past due any receivable ~~off-~~balance ~~sheet~~not ~~arrangements~~collected within its contractual terms.

~~Item 7A.~~The ~~Quantitative~~Company provided $60,665 and ~~Qualitative~~$63,665 ~~Disclosures~~allowances ~~About~~for ~~Market~~doubtful ~~Risk~~accounts as of September 30, 2024, and September 30, 2023, respectively.

~~Not applicable.~~Inventory

~~Item~~Inventory consists of components held for assembly and finished goods held 8for resale or to be utilized for installation in projects. ~~Financial~~Inventory ~~Statements~~is valued at lower of cost or net realizable value on a first-in, first-out basis. The Company’s policy is to record a reserve for technological obsolescence or slow-moving inventory items. The Company only carries finished goods to be shipped along with completed circuit boards and ~~Supplementary~~parts ~~Data~~necessary for final assembly of finished product. All existing inventory is considered current and usable.

~~The financial~~PROPERTY ~~statements~~AND ~~and related notes are included as part of this report as indexed in the appendix on page F-1, et seq.~~EQUIPMENT

~~Item 9.~~Property ~~Changes~~and inequipment are recorded at cost and ~~Disagreements~~depreciated ~~with~~or ~~Accountants~~amortized using onthe ~~Accounting~~straight-line method over the estimated useful life of the asset or the underlying lease term for leasehold improvements, whichever is shorter or when the property and ~~Financial~~equipment ~~Disclosure~~is put into service.

~~None~~IMPAIREMENT OF LONG-LIVED ASSETS

~~Item~~Management evaluates the recoverability of the Company’s identifiable ~~9A.~~intangible ~~Controls~~assets and ~~Procedures~~other long-lived assets when events or circumstances indicate a potential impairment exists, in accordance with the provisions of ASC 360-10-35-15 “Impairment or Disposal of Long-Lived Assets.”

~~Evaluation of~~If ~~Disclosure~~impairment ~~and~~is ~~Controls~~indicated ~~and~~based ~~Procedures. We~~on ~~carried~~a ~~out~~comparison anof ~~evaluation, under~~ the ~~supervision~~assets’ ~~and with the participation of~~carrying ~~our~~values ~~management, including our principal executive officer~~ and ~~principal financial officer, of~~ the ~~effectiveness~~undiscounted ofcash ~~our disclosure controls and procedures (as defined) in Exchange Act Rules 13a - 15(c) and 15d - 15(e)). Based upon that evaluation~~flows, ~~our~~the ~~chief~~impairment ~~executive officer and chief financial officer concluded that, as of September 30, 2023, our disclosure controls and procedures were effective (1)~~ to ~~ensure that information required to~~ be ~~disclosed~~recognized ~~by us in reports that we file or submit under the Exchange Act~~ is ~~recorded,~~measured ~~processed,~~as ~~summarized and reported, within~~ the ~~time~~amount ~~periods~~by ~~specified~~which in the ~~SEC’s~~carrying ~~rules~~amount ~~and~~of ~~forms and (2) to ensure that information required to be disclosed~~the byassets usexceeds in the ~~reports~~fair ~~that~~value weof ~~file or submit under~~ the ~~Exchange Act is accumulated and communicated to us, including our Chief Executive and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure~~assets.

~~The term~~INTANGIBLE disclosure controls and procedures means controls and other procedures of an issuer that are designed to ensure that information required to be disclosed by the issuer in the reports that it files or submits under the Exchange Act (15 U.S.C. 78a ,et seq.) is recorded, processed, summarized and reported, within the time periods specified in the Commission’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer’s management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.ASSETS

We account for our goodwill and other indefinite-6lived intangible assets as required by FASB ASC Topic 350, Intangibles - Goodwill and Other (“ASC 350”). We test goodwill for impairment at the reporting unit level and have concluded that our reporting units are generally the same as our reportable segments. We evaluate the determination of our reporting units periodically or whenever events or substantive changes in circumstances occur. ASC 350 requires that goodwill and certain intangible assets be assessed for impairment using fair value measurement techniques on an annual basis and when events occur that may suggest that the fair value of such assets cannot support the carrying value. ASC 350 gives an entity the option to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit or intangible asset is less than its carrying amount. If an entity determines it is not more likely than not that the fair value of a reporting unit or intangible asset is less than its carrying amount, then performing the quantitative impairment test is unnecessary. However, if an entity concludes otherwise, then the quantitative impairment test shall be used to identify the impairment and measure the amount of an impairment loss to be recognized (if applicable).

~~Our management,~~In ~~including our Chief Executive Officer and Chief Financial Officer~~2024, ~~does~~the ~~not~~Company ~~expect~~conducted ~~that~~an ~~our~~impairment ~~disclosure~~assessment ~~controls~~in ~~and procedures~~accordance orwith ~~our~~ASC ~~internal~~350-30-35 ~~controls over financial reporting will prevent all error~~ and ~~all~~determined ~~fraud. A control system, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance~~ that ~~the~~all ~~objectives~~previously ofcapitalized ~~the~~amounts ~~control~~related ~~system~~to ~~are~~costs ~~met. Further, the design of a control system must reflect the fact~~ that ~~there~~ are ~~resource~~no ~~constraints,~~longer ~~and~~deemed ~~the benefits of controls must be considered relative to their costs~~recoverable. ~~Because of inherent limitations in all control systems, internal control over financial reporting may not prevent or~~As ~~detect~~a ~~misstatements~~result, ~~and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within~~ the ~~registrant~~Company ~~have~~recognized ~~been~~an ~~detected.~~impairment ~~Also,~~loss ~~projections~~ of ~~any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions~~$44, ~~or that the degree of compliance with the policies or procedures may deteriorate~~373.

Management’s Annual Report on Internal Control over Financial Reporting. Our management is responsible for establishing and maintaining adequate internal control over financial reporting as defined in Rule 13a-15(f) under the Exchange Act. Our internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally accepted in the United States.10-

~~The term~~REVENUE ~~internal~~RECOGNITION ~~control~~AND ~~over~~DEFERRED financial reporting is defined as a process designed by, or under the supervision of, the issuer’s principal executive and principal financial officers, or persons performing similar functions, and effected by the issuer’s board of directors, management and other personnel, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles and includes those policies and procedures that:REVENUES

●The ~~Pertain~~Company torevenue ~~the~~recognition ~~maintenance~~policy offollows ~~records~~guidance ~~that,~~from inAccounting Standards ~~reasonable~~Codification ~~detail~~(“ASC”) 606, ~~accurately~~Revenue ~~and~~from ~~fairly~~contract ~~reflect~~with ~~the~~customers. ~~transactions~~Revenue ~~and~~is ~~dispositions~~recognized ofwhen ~~our~~the ~~assets;~~Company ●has ~~Provide~~transferred promised ~~reasonable~~goods ~~assurance~~and ~~that~~services ~~transactions are recorded as necessary~~ to ~~permit~~the ~~preparation~~customer ofand ~~financial statements~~ in ~~accordance~~the ~~with~~amount ~~generally accepted accounting principles, and~~ that ~~receipts~~reflects ~~and~~the ~~expenditures~~consideration ofto which the ~~issuer~~company ~~are~~expects ~~being~~to ~~made~~be ~~only~~entitled to in ~~accordance~~exchange ~~with~~for ~~authorizations~~those ofgoods ~~management~~ and ~~directors~~services. ofThe ~~the~~Company ~~issuer;~~applies ~~and ● Provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of~~ the ~~issuer’s~~following ~~assets~~five-step ~~that~~model ~~could~~in ~~have~~order ato ~~material~~determine ~~effect~~this ~~on the financial statements.~~amount:

~~Our management assessed the effectiveness of our internal control over financial reporting as of September 30, 2023~~i. InEstablishment ~~making this assessment, our management used the criteria set forth by the Committee~~ of ~~Sponsoring~~a ~~Organizations~~contract ofwith the ~~Treadway Commission (COSO-2013) in Internal Control-Integrated Framework. Management concluded that our internal control over financial reporting was effective as of September 30, 2023.~~customer;

~~Changes in Internal Control Over Financial Reporting~~ii. ~~There~~ ~~have~~Identify ~~been no changes in~~ the ~~registrant’s~~performance ~~internal~~obligation ~~control over financial reporting through the date~~ of ~~this report or during~~ the ~~quarter ended September 30, 2023, that materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.~~contract;

~~Independent Registered Accountant’s Internal Control Attestation~~iii. ~~This~~ ~~report~~Determine ~~does~~transaction not include an attestation report of the registrant’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the registrant’s registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the registrant to provide only management’s report in this report. price

~~Item 9B~~iv. ~~Other~~Allocation ~~Information.~~of the transaction price to the performance obligations; and

~~None~~v. Recognition of revenue when (or as) the Company satisfies each performance obligation.

~~PART~~The Company generates revenue primarily through the sale of software licenses ~~III~~and integrated hardware. The portion of the contract that is associated with ongoing hosting and related customer service is amortized monthly over the license period. The Company incurs certain incremental contract costs (referred to as deferred subscriber acquisition costs, net) including selling expenses (primarily commissions) related to acquiring customers. Deferred subscriber acquisition costs, net are included in prepaid and expenses and other current assets on the consolidated balance sheet. Commissions paid in connection with acquiring new customers are determined based on the value of the contractual fees. Deferred subscriber acquisition costs will be expensed as incurred on the date the revenue associated with the cost is recognized.

~~Item~~In transactions in which hardware is sold to a customer, the Company recognizes 10the revenue when the hardware has been shipped to the customer. ~~Directors,~~The ~~Executive~~hardware ~~Officers~~supplied by the Company does not require a related software license and ~~Corporate~~can ~~Governance~~be operated and fully functional without the Company’s software.

~~The following~~From ~~table~~time ~~sets~~to ~~forth~~time ~~information~~clients ~~concerning~~request ~~the~~special ~~directors~~training meetings. We send employees to these meetings and ~~executive~~charge ~~officers~~our ofclients ~~Cleartronic~~on a per diem basis. These charges are recorded as ofconsulting ~~the~~fees ~~date~~on ofour ~~this~~income ~~report:~~statement.

Name	Age	Position	Director Since
Richard J. Martin	63	Chairman and Director	2016
Michael M. Moore	68	Chief Executive Officer and Director	2015
Larry M. Reid	78	President, Chief Financial Officer, Secretary and Director	1999

Customer billings for services not yet rendered and hardware not yet installed are deferred and recognized as revenue as services are provided. These fees are recorded as current deferred revenue on the consolidated balance sheet as the Company expects to satisfy any remaining performance obligations as well as recognize the related revenue within the next twelve months. Accordingly, the Company has applied the practical expedient regarding deferred revenue to exclude the value of remaining performance obligations if (i) the contract has an original expected term of one year or less or (ii) the Company recognizes revenue in proportion to the amount it has the right to invoice for services performed.

~~The members~~As of ~~our~~September ~~board~~30, of2024 ~~directors~~and ~~are~~September ~~subject~~30, to2023, ~~change~~respectively, ~~from time to time by~~ the ~~vote of the stockholders at special or annual meetings~~ toCompany ~~elect~~recorded ~~directors. Our current board of directors consists of three directors who have expertise in the business of Cleartronic. Based on our continuing profitability~~$1,373,325 ~~we intend to seek directors~~ and ~~officers~~$1,177,680, ~~who~~respectively, ~~would be able to assist~~ in ~~the~~deferred ~~execution of our business plan~~revenue.

~~The foregoing~~FAIR ~~notwithstanding,~~VALUE ~~except~~OF asFINANCIAL otherwise provided in any resolution or resolutions of the board, directors who are elected at an annual meeting of stockholders, and directors elected in the interim to fill vacancies and newly created directorships, will hold office for the term for which elected and until their successors are elected and qualified or until their earlier death, resignation or removal.INSTRUMENTS

~~Whenever the~~The ~~holders~~Company ofmeasures ~~any~~the ~~class~~fair orvalue ~~classes~~ of ~~stock~~its orassets ~~any~~and ~~series~~liabilities ~~thereof~~under ASC ~~are~~topic ~~entitled~~820, to“Fair ~~elect~~Value ~~one~~Measurements orand ~~more~~Disclosures”. ~~directors~~ASC ~~pursuant~~820 todefines ~~any~~“fair ~~resolution or~~value” ~~resolutions~~as of the ~~board,~~price ~~vacancies~~that ~~and~~would be ~~newly~~received ~~created~~for ~~directorships~~an ofasset ~~such class~~ or ~~classes~~paid orto ~~series~~transfer ~~thereof~~a ~~may~~liability ~~generally~~(an beexit ~~filled by~~price) ain ~~majority of~~ the ~~directors~~principal ~~elected~~or bymost ~~such~~advantageous ~~class~~market orfor ~~classes~~the asset or liability ~~series then~~ in ~~office,~~an byorderly atransaction ~~sole~~between ~~remaining~~market ~~director~~participants soon ~~elected or by~~ the ~~unanimous~~measurement ~~written~~date. ~~consent~~There orwas ~~the~~no ~~affirmative~~impact ~~vote~~relating ofto ~~a majority of~~ the ~~outstanding shares~~ adoption of ~~such~~ASC ~~class~~820 ~~or classes or series entitled~~ to ~~elect such director or directors. Officers are elected annually by~~ the ~~directors.~~Company’s ~~There~~consolidated ~~are~~financial ~~no family relationships among our directors and officers~~statements.

~~We may~~ASC ~~employ~~820 ~~additional~~also ~~management~~describes ~~personnel,~~three aslevels ~~our board~~ of ~~directors~~inputs ~~deems~~that ~~necessary.~~may ~~Cleartronic~~be ~~has~~used ~~not identified or reached an agreement or understanding with any other individuals~~ to ~~serve in management positions, but does not anticipate any problem in employing qualified~~measure ~~staff.~~fair value:

~~A description~~- ofLevel ~~the~~1: ~~business~~Observable ~~experience~~inputs ~~for~~that ~~the~~reflect ~~directors~~unadjusted ~~and~~quoted ~~executive~~prices ~~officers~~for identical ofassets ~~Cleartronic~~or isliabilities ~~set~~traded ~~forth~~in ~~below~~active markets.

~~Richard J.~~- ~~Martin~~Level ~~currently~~2: ~~serves~~Inputs asother ~~Chairman~~than ~~and~~quoted ~~Director~~prices ofincluded ~~Cleartronic,~~within ~~Inc.~~Level ~~Prior~~1 ~~to joining the Cleartronic team, Martin served as CEO~~that ofare ~~SMARTLogix,~~observable ~~Inc.,~~for ~~a petroleum logistics technology company which he founded in 2000. Graduating with an Engineering degree from The University of Buffalo’s School of Engineering, Martin joined~~ the ~~Exxon~~asset ~~Management~~or ~~Development Program. Following his tenure at Exxon~~liability, he ~~purchased~~either andirectly ~~Exxon~~or ~~distributorship in the Carolinas~~indirectly. Culp Petroleum was transformed into a large regional distribution company. While at Culp, Martin developed and implemented several technologies that have since become industry standards. Martin sold the petroleum business in 2005 and focused his efforts on his technology ventures including the SMARTank division of SMARTLogix. SMARTank grew substantially and the technology was later sold to a public company in 2011.

-7- Level 3: Inputs that are generally observable. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.

Michael M. Moore is currently Chief Executive Officer and a Director of Cleartronic, Inc. He was founder and CEO of Collabria, LLC, a private software development company. Prior to founding Collabria in 2008, Moore for 13 years was CEO of DTNet Group and for seven years served as CEO of Payroll Transfers, Inc. He also was an assistant vice president with both Kidder Peabody and Merrill Lynch. Mr. Moore is an honors graduate of the United States Air Force Academy and served as an Air Force fighter pilot for eight years, flying F-~~4 and F~~11-~~16 fighter aircraft. He is also one of six entrepreneurs profiled in the book Daring Visionaries, How Entrepreneurs Build Companies, Inspire Allegiance, and Create Wealth.~~

~~Larry Reid~~Financial isinstruments ~~the~~consist ~~founder~~principally of ~~Cleartronic and a co-founder of VoiceInterop. With over thirty years of executive management experience including sales and marketing~~cash, ~~operations~~accounts ~~management~~receivable, prepaid ~~and~~expenses ~~financial management, from 2001 to 2005 Mr. Reid served as CFO~~ and ~~director~~other ofcurrent ~~Connectivity~~assets, ~~Inc.,~~ aaccounts ~~manufacturer and distributor of emergency call boxes. He was instrumental in Connectivity’s acquisition by CNE Group~~payable, ~~Inc., (an~~accrued ~~American~~expenses ~~Stock Exchange listed company)~~ and ~~served~~deferred asrevenue. ~~Executive~~The ~~Vice~~carrying ~~President~~amounts ~~and Director~~ of ~~CNE~~such ~~from 2003 to 2005. Mr. Reid has~~financial ~~broad~~instruments ~~experience~~ in ~~venture~~the ~~start-ups,~~accompanying ~~raising~~consolidated ~~capital,~~balance ~~building~~sheet ~~organizational~~approximate ~~synergies,~~their ~~creating~~fair ~~and~~values ~~developing~~due ~~joint~~to ~~ventures~~their ~~and strategic~~relatively partnerships, opening new markets, and driving key business initiatives. Early in his professional career in corporate financial management, Mr. Reid was responsible for raising more than $5 million in startshort-upterm ~~capital for Ocurest Laboratories, Inc~~nature., ~~a company he~~The ~~co-founded~~carrying toamounts ~~package~~approximate ~~and~~fair ~~distribute over-the-counter eye drops in a new (patented) eye drop dispenser~~value. HeIt ~~forged~~is ~~Ocurest~~management’s ~~successful IPO~~opinion inthat ~~1996 and helped lead~~ the ~~company’s~~Company ~~achieving~~is annot ~~estimated~~exposed ~~80%~~to ~~market~~any ~~penetration~~significant ofcurrency or ~~optical~~credit ~~supply~~risks ~~retail~~arising ~~outlets~~from inthese ~~the United~~financial ~~States~~instruments.

~~Committees~~ As of September 30, 2024 and September 30, 2023, we held no assets that were required to be measured at fair value on a recurring basis. There were no transfers between levels in the ~~Board~~fair value hierarchy during the years ended September 30, 2024 and September 30, 2023, respectively.

~~We do~~RECENT ~~not~~ADOPTED ~~currently~~ACCOUNTING ~~have an Audit, Executive, Finance, Compensation, or Nominating Committee, or any other committee of the Board of Directors.~~PRONOUNCEMENTS

~~Section 16(a)~~Troubled ~~Beneficial~~Debt ~~Ownership~~Restructurings ~~Reporting~~and ~~Compliance~~Vintage Disclosures

~~Under~~In March 2022, the Financial Accounting Standards Board (the “FASB”) ~~Section~~issued 16ASU 2022-02, Financial Instruments – Credit Losses (aTopic 326): ofTroubled ~~the~~Debt ~~Exchange~~Restructurings ~~Act~~and Vintage Disclosures (“ASU 2022-02”), ~~our~~which ~~directors~~eliminates ~~and~~the ~~certain~~accounting ofguidance ~~our~~on ~~officers~~troubled debt restructurings (“TDRs”) for creditors in ASC 310, Receivables (Topic 310), and ~~persons~~requires ~~holding~~entities ~~more~~to ~~than~~provide 10disclosures ~~percent~~about current period gross write-offs by year of ~~our~~origination. ~~common~~Also, ~~stock~~ASU ~~are~~2022-02 ~~required~~updates the requirements related to ~~file~~accounting ~~forms~~for ~~reporting~~credit ~~their~~losses ~~beneficial~~under ~~ownership~~ASC of326, ~~our~~Financial ~~common~~Instruments ~~stock~~– Credit Losses (Topic 326), and ~~subsequent~~adds ~~changes~~enhanced indisclosures ~~that~~for ~~ownership~~creditors with ~~the~~ ~~United~~respect ~~States~~to ~~Securities~~loan refinancings and ~~Exchange~~restructurings ~~Commission~~for borrowers experiencing financial difficulty. ~~Such~~ ~~persons~~ASU ~~are~~2022-02 ~~also~~was ~~required~~effective tofor ~~furnish~~the ~~Cleartronic~~Company ~~with~~October ~~copies~~1, 2022. The adoption of ~~all~~ASU 2022-02 did not have a material impact ~~forms~~on sothe ~~filed~~Company’s consolidated financial statements.

~~Based solely~~RECENT ~~upon~~ISSUED aACCOUNTING review of copies of such forms filed on Forms 3, 4, and 5, and amendments thereto furnished to us, we believe that as of the date of this report, our executive officers, directors and greater than 10 percent beneficial owners have not complied on a timely basis with all Section 16(a) filing requirements.PRONOUNCEMENTS

~~Communication~~The Company continues to monitor new accounting pronouncements issued by ~~with~~the ~~Directors~~FASB and does not believe any accounting pronouncements issued through the date of this report will have a material impact on the Company’s Financial Statements.

~~Stockholders~~In the current year, the Company adjusted its classification of selling and ~~other~~administrative ~~interested~~expenses ~~parties~~in ~~may~~the ~~contact~~Statement ~~any~~ of ~~our~~Operations. ~~directors~~For bycomparative ~~writing~~purposes, amounts in the prior years have been reclassified to ~~them~~conform atto ~~Cleartronic,~~current ~~Inc~~year presentations., atThese ~~8000~~reclassifications ~~North~~had ~~Federal~~no ~~Highway, Suite~~effect ~~100,~~on ~~Boca~~previously ~~Raton,~~reported ~~Florida~~results ~~33487,~~of ~~Attention:~~operations ~~Corporate~~or ~~Secretary~~retained earnings.

~~The Company’s~~LEASE Board has approved a process for handling letters received by us and addressed to any of our directors. Under that process, the Secretary reviews all such correspondence and regularly forwards to the directors a summary of all such correspondence, together with copies of all such correspondence that, in the opinion of the Secretary, deal with functions of the board or committees thereof or that he otherwise determines requires their attention. Directors may at any time review a log of all correspondence received by us that are addressed to members of the board and request copies of such correspondence.ACCOUNTING

~~Conflicts~~We determine if an arrangement is a lease, or contains a lease, at inception ofand ~~Interest~~record the leases in our financial statements upon lease commencement, which is the date when the underlying asset is made available for use by the lessor.

~~With~~We have a lease agreement with lease and non-lease components and have ~~respect~~elected to ~~transactions~~utilize ~~involving~~the ~~real~~practical orexpedient ~~apparent~~to ~~conflicts~~account for lease and non-lease components together as a single combined lease component, from both a lessee and lessor perspective with the exception of ~~interest~~direct sales-type leases and production equipment classes embedded in supply agreements. From a lessor perspective, wethe ~~have~~timing ~~not~~and ~~adopted~~pattern ~~any~~of ~~written~~transfer ~~policies~~are the same for the non-lease components and ~~procedures~~associated lease component and, the lease component, if accounted for separately, would be classified as an operating lease.

~~Code~~We have elected not to present short-term leases on the balance sheet as these leases have a lease term of ~~Ethics~~12 ~~for~~months ~~Senior~~or ~~Executive~~less ~~Officers~~at lease inception and ~~Senior~~do ~~Financial~~not ~~Officers~~contain purchase options or renewal terms that we are reasonably certain to exercise. All other lease assets and lease liabilities are recognized based on the present value of lease payments over the lease term at commencement date. Because our lease does not provide an implicit rate of return, we used our incremental borrowing rate based on the information available at lease commencement date in determining the present value of lease payments.

WeIn general, leases, where we are the lessee, may include options to extend ~~have~~the ~~not~~lease ~~adopted~~term. aThese ~~Code~~leases may include options to terminate the lease prior to the end of ~~Ethics~~the ~~for~~agreed ~~Senior~~upon ~~Executive~~lease ~~Officers~~term. ~~and~~For ~~Senior~~purposes ~~Financial~~of calculating ~~Officers~~lease liabilities, lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise such options.

~~Item 11. Executive Compensation.~~-12-

~~Summary~~Lease expense for operating leases is recognized on a straight-line basis over the lease term as cost of ~~Cash~~revenues ~~and~~or operating expenses depending on the nature of the leased asset. Certain ~~Other~~operating ~~Compensation~~leases provide for annual increases to lease payments based on an index or rate. We calculate the present value of future lease payments based on the index or rate at the lease commencement date.

~~At present,~~Differences ~~Cleartronic~~between ~~has~~the ~~two~~calculated ~~executive~~lease ~~officers,~~payment ~~Michael M. Moore~~ and ~~Larry~~actual M.payment ~~Reid.~~are expensed ~~Michael~~as Mincurred. ~~Moore~~Amortization ~~is the Chief Executive Officer~~ of ~~the~~finance ~~Company.~~lease ~~The~~assets ~~Company~~is ~~executed~~recognized anover ~~Employment Agreement with Mr. Moore on November 28, 2016. Under~~ the ~~Agreement,~~lease ~~Mr.~~term ~~Moore agreed that he shall carry out the strategic plans and policies~~ as ~~established~~cost byof ~~our~~revenues ~~business~~or ~~plan.~~operating ~~Mr. Moore will advise us from time to time~~expenses depending on ~~organization,~~the ~~hiring,~~nature ~~mergers, and execution~~ of ~~our~~the ~~business~~leased ~~plan~~asset. ~~Mr. Moore is paid a base salary of $16,667 per month.~~

~~Unless Cleartronic shall have given Mr. Moore written notice at least 30 days prior to the Termination Date, the Agreement shall automatically renew and continue in effect for additional one~~Off-~~year~~Balance ~~periods~~Sheet (and all provisions of this anniversary from such original Termination Date shall thereafter be designated as the “Termination Date” for all purposes under the Agreement, provided, however, that we may, at our election at any time after the expiration of the initial term of the Agreement, give Mr. Moore notice of Termination, in which event he shall continue to receive, as severance pay, six months of his base salary, if any, or the amount due through the next “Termination Date”, whichever is less. Mr. Moore may terminate the Agreement without severance pay upon 10 days written notice to the Company.Arrangements

~~The Company~~We ~~executed~~do annot ~~Employment~~have ~~Agreement~~any ~~with~~off-balance ~~Mr.~~sheet ~~Reid on March 13, 2015~~arrangements. The Employment Agreement replaces the previously executed Employment Agreement with Mr. Reid. Pursuant to the Employment Agreement (the “Agreement”), Cleartronic and Mr. Reid agreed that for a one year period beginning on March 13, 2015, we employed Mr. Reid to perform services for us both on and offsite. The last day of the one year period shall be the “Termination Date” for purposes of the Agreement. Termination of the agreement can be made by either party without penalty upon 10 days written notice. Pursuant to the Agreement, Cleartronic and Mr. Reid agreed that for a one year period beginning on November 28, 2016, Mr. Reid to perform services for us both on and offsite. The last day of the one year period shall be the “Termination Date” for purposes of the Agreement.

~~Unless Cleartronic~~Item ~~shall have given Mr~~7A. ~~Reid~~Quantitative ~~written notice at least 30 days prior to the Termination Date, the Agreement shall automatically renew~~ and ~~continue~~Qualitative inDisclosures ~~effect~~About ~~for~~Market additional one-year periods (and all provisions of this anniversary from such original Termination Date shall thereafter be designated as the “Termination Date” for all purposes under the Agreement, provided, however, that we may, at our election at any time after the expiration of the initial term of the Agreement, give MrRisk. Reid notice of Termination, in which event he shall continue to receive, as severance pay, six months of his base salary, if any, or the amount due through the next “Termination Date”, whichever is less. Mr. Reid may terminate the Agreement without severance pay upon 10 days written notice to the Company. Under the Agreement, Mr. Reid agreed that he shall carry out the strategic plans and policies as established by our business plan. Mr. Reid will advise us from time to time on organization, hiring, mergers, and execution of our business plan.

~~Summary Compensation~~Not ~~Table~~applicable.

~~The following~~Item ~~table~~8. ~~sets~~Financial ~~forth,~~Statements ~~for our named executive officers for the two completed fiscal years ended September 30, 2023,~~ and ~~2022:~~Supplementary Data.

Name and Principal Position	Year	Salary ($)	Bonus ($)	Stock Awards ($)	Option Awards ($)	Non-Equity Incentive Plan Compensation ($)	Nonqualified deferred compensation earnings ($)	All Other Compensation ($)	Total ($)
Larry M. Reid (1)	2022	104,000	5,500	-0-	-0-	-0-	-0-	-0-	109,500
	2023	104,000	400	-0-	-0-	-0-	-0-	-0-	104,400
Michael Moore (2)	2022	208,462	20,812	-0-	-0-	-0-	-0-	-0-	229,274
	2023	220,000	3,100	-0-	-0-	-0-	-0-	-0-	223,100

The financial statements and related notes are included as part of this report as indexed in the appendix on page F-1, et seq.

~~(1) Mr~~Item 9. ~~Reid~~Changes isin ~~our~~and ~~Chief~~Disagreements ~~Financial~~with ~~Officer,~~Accountants ~~Secretary,~~on Accounting and aFinancial ~~director~~Disclosure.

~~(2) Mr. Moore is our CEO and a director.~~None

~~-8-~~Item 9A. Controls and Procedures.

~~Outstanding Equity~~Evaluation ~~Awards~~of atDisclosure ~~Fiscal~~and ~~Year-End~~Controls and Procedures.

~~Our~~We carried out an evaluation, under the supervision and with the participation ~~Executive~~of ~~Officers~~our ~~have~~management, ~~not~~including ~~received~~our ~~any~~principal ~~equity~~executive ~~awards~~officer ~~for~~and principal financial officer, of the ~~years~~effectiveness ~~ended~~of our disclosure controls and procedures (as defined) in Exchange Act Rules 13a - 15(c) and 15d - 15(e)). Based upon that evaluation, our chief executive officer and chief financial officer concluded that, as of September 30, ~~2023~~2024, our disclosure controls and ~~2022~~procedures were not effective, (1) to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported, within the time periods specified in the SEC's rules and forms and (2) to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated to us, including our Chief Executive and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

~~Director~~The term disclosure controls and procedures means controls and other ~~Compensation~~procedures of an issuer that are designed to ensure that information required to be disclosed by the issuer in the reports that it files or submits under the Exchange Act (15 U.S.C. 78a ,et seq.) is recorded, processed, summarized and reported, within the time periods specified in the Commission's rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed by an issuer in the reports that it files or submits under the Exchange Act is accumulated and communicated to the issuer's management, including its principal executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

~~Our Directors have not received compensation for the years September 30, 2023 and 2022.~~-13-

~~Item~~Our management, including our Chief Executive Officer and Chief Financial 12Officer, does not expect that our disclosure controls and procedures or our internal controls over financial reporting will prevent all error and all fraud. ~~Security~~A ~~Ownership~~control ofsystem, ~~Certain~~no ~~Beneficial~~matter ~~Owners~~how well conceived and ~~Management~~operated, can provide only reasonable, not absolute, assurance that the objectives of the control system are met. Further, the design of a control system must reflect the fact that there are resource constraints, and ~~Related~~the ~~Stockholder~~benefits ~~Matters~~of controls must be considered relative to their costs.

~~The following~~Because ~~table~~we ~~presents~~are ~~information~~a ~~regarding~~small ~~the~~company ~~beneficial~~with ~~ownership~~a limited number of ~~all~~employees, ~~shares~~there is ofan ~~our~~inherent ~~common~~issue ~~stock~~of ~~and~~segregation ~~preferred~~of ~~stock~~duties as ofexperienced ~~the~~by all small companies. Our independent outside financial consultant assists ~~date~~us ofwith ~~this~~our ~~report~~bookkeeping ~~by:~~and reporting requirements and is segregated from our operations and management.

●Because ~~Each~~of ~~person~~inherent ~~who~~limitations ~~owns~~in ~~beneficially~~all ~~outstanding~~control ~~shares~~systems, ofinternal ~~our~~control over ~~preferred~~financial ~~stock;~~reporting ●may ~~Each~~not ~~director;~~prevent ●or ~~Each~~detect ~~named~~misstatements, ~~executive~~and ~~officer;~~no ~~and~~evaluation ●of ~~All~~controls ~~directors~~can provide absolute assurance that all control issues and ~~officers~~instances asof afraud, ~~group~~if any, within the registrant have been detected. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

	Shares of Common Stock Beneficially Owned (2)					Shares of Preferred Stock Beneficially Owned (2)
Name of Beneficial Owner (1)	Number		Percent			Number		Percent
Larry M. Reid (3)		5,016,325		2.19	%		511,225		5.93	%
Michael Moore (4)		5,702,988		2.50	%		3,000,000		34.18	%
Richard J. Martin		1,868,202		0.82	%		1,582,966		18.37	%
All directors and officers as a group (one person)		12,587,515		5.51	%		5,094,199		59.12	%

Management’s Annual Report on Internal Control over Financial Reporting.

~~(1) Unless~~Our ~~otherwise~~management ~~indicated,~~is ~~the~~responsible ~~address~~ for ~~each~~establishing ofand ~~these~~maintaining ~~stockholders~~adequate internal iscontrol ~~c/o~~over ~~Cleartronic,~~financial ~~Inc.,~~reporting atas ~~8000~~defined ~~North~~in ~~Federal~~Rule ~~Highway,~~13a-15(f) ~~Suite 100,~~under ~~Boca~~the ~~Raton,~~Exchange ~~Florida 33487~~Act. ~~Also,~~Our ~~unless~~internal ~~otherwise~~control ~~indicated,~~over ~~each~~financial ~~person~~reporting is ~~named~~a inprocess ~~the~~designed ~~table~~to ~~above~~provide ~~has~~reasonable assurance regarding the ~~sole~~reliability ~~voting~~of financial reporting and ~~investment power~~the ~~with~~preparation ~~respect~~of tofinancial statements ~~our~~for ~~shares~~external ofpurposes ~~common~~in ~~stock~~accordance orwith ~~preferred~~accounting ~~stock~~principles ~~which~~generally heaccepted ~~beneficially~~in ~~owns~~the United States.

~~(2) Beneficial~~The ~~ownership~~term isinternal ~~determined~~control inover ~~accordance~~financial ~~with~~reporting ~~the~~is ~~rules~~defined ofas ~~the~~a ~~Securities~~process designed ~~and~~by, ~~Exchange~~or ~~Commission. As~~under of the ~~date~~supervision of ~~this report~~, wethe ~~have~~issuer’s ~~5,000,000,000~~principal ~~authorized~~executive ~~shares~~and ofprincipal ~~common~~financial ~~stock~~officers, ~~par~~or ~~value~~persons ~~$0.00001~~performing ~~per share~~similar functions, ~~of which 228,578,995 shares were issued~~ and ~~outstanding. As~~effected ofby the ~~date~~issuer’s board of ~~this report~~directors, wemanagement ~~have 71,250,010 authorized~~ and ~~designated~~other ~~shares~~personnel, ofto ~~preferred~~provide ~~stock,~~reasonable ~~par~~assurance ~~value~~regarding ~~$0.00001~~the ~~per~~reliability ~~share,~~ of ~~which~~financial ~~7,525,403~~reporting ~~shares were issued~~ and ~~outstanding. Mr.~~the ~~Reid~~preparation ~~owns 511,525 shares~~ of ~~Series~~financial Cstatements ~~Preferred~~for ~~stock. See~~external ~~below~~purposes ~~for~~in aaccordance ~~description~~with ofgenerally accepted ~~our~~accounting ~~preferred~~principles ~~stock~~ and ~~voting~~includes ~~rights.~~those ~~Mr.~~policies ~~Martin owns 512,996 shares of our Series A Preferred stock~~ and ~~1,070,000~~procedures ~~shares of our Series C Preferred stock.~~that:

~~(3) Mr.~~● ~~Reid~~Pertain isto ~~our~~the ~~president,~~maintenance ~~chief~~of ~~financial~~records ~~officer~~that, ~~principal~~in ~~accounting~~reasonable ~~officer~~detail, ~~secretary,~~accurately and ~~director.~~fairly reflect the transactions and dispositions of our assets;

~~(4) Mr.~~● ~~Moore~~Provide isreasonable ~~our~~assurance ~~Chief~~that ~~Executive~~transactions ~~Officer~~are ~~and~~recorded aas ~~director.~~necessary ~~Mr.~~to ~~Moore~~permit ~~owns~~preparation 5of financial statements in accordance with generally accepted accounting principles,~~702,988~~ ~~shares~~and that receipts and expenditures of ~~our~~the ~~common~~issuer ~~stock~~are ~~and~~being ~~3,000,000~~made ~~shares~~only in accordance with authorizations of ~~our~~ ~~Series~~management Eand ~~Preferred~~directors ~~stock.~~of the issuer; and

~~Other than~~● asProvide ~~stated~~reasonable ~~herein,~~assurance ~~there~~regarding ~~are~~prevention noor ~~arrangements~~timely ordetection ~~understandings~~of unauthorized acquisition, ~~known~~use toor ~~us,~~disposition ~~including~~of ~~any~~the ~~pledge~~issuer’s byassets ~~any~~that ~~person~~could ofhave ~~our~~a ~~securities:~~material effect on the financial statements.

●Our ~~The~~management ~~operation~~assessed the effectiveness of ~~which~~our ~~may~~internal atcontrol aover financial ~~subsequent~~reporting ~~date~~as ~~result~~of inSeptember a30, ~~change~~2024. inIn ~~control~~making ofthis ~~Cleartronic;~~assessment, orour ●management ~~With~~used ~~respect~~the tocriteria set forth by the ~~election~~Committee of Sponsoring ~~directors~~Organizations orof ~~other~~the ~~matters~~Treadway Commission (COSO-2013) in Internal Control-Integrated Framework. Management concluded that our internal control over financial reporting was not effective as of September 30, 2024.

~~Preferred Stock~~Material weakness identified:

~~As of~~● ~~the~~The ~~date~~Company ofrecognizes ~~this~~that ~~report,~~due weto ~~have~~its ~~200~~limited number of personnel,~~000,000~~ ~~authorized~~there ~~shares~~are inherent challenges in achieving complete segregation of ~~preferred~~duties ~~stock,~~within ~~par~~the ~~value~~financial $0reporting process.~~00001~~ ~~per~~Management ~~share,~~continues ofto ~~which~~evaluate 7opportunities to enhance internal controls to mitigate these challenges. ● The Company's internal control processes did not identify certain journal entries,~~317,403 shares~~ which were ~~issued~~subsequently brought to management’s attention by the external auditor. All proposed adjustments were recorded. Management is reviewing its processes to strengthen controls and ~~outstanding~~ensure greater accuracy moving forward. ~~There~~● ~~are~~The ~~currently~~Company 5acknowledges ~~series~~that ofits ~~preferred~~accounting ~~stock~~team ~~designated~~would asbenefit ~~follows:~~from additional technical expertise with respect to certain US GAAP matters. Management is exploring options to address these technical requirements, including external support..

●Plan ~~1,250,000~~for ~~shares~~Remediation ~~have been designated as Series A Preferred Stock, 512,996~~ of ~~which~~Material are issued and outstanding; ● 10 shares have been designated as Series B Preferred Stock, none of which is issued and outstanding; ● 50,000,000 shares have been designated as Series C Preferred Stock, 3,133,503 of which are issued and outstanding; and ● 10,000,000 shares have been designated Series D Preferred stock, of which 670,904 are issued and outstanding; and ● 10,000,000 shares have been designated Series E Preferred stock, of which 3,000,000 are issued and outstanding.Weaknesses

~~Pursuant~~We intend to take appropriate and reasonable steps to make the necessary improvements to remediate this deficiency as resources to do so become available. We intend to consider the results of our ~~Articles~~remediation efforts and related testing as part of ~~Incorporation~~our ~~establishing~~year-end 2024 assessment of the effectiveness of our ~~preferred~~internal ~~stock:~~control over financial reporting by improving our segregation of duties and level of supervision.

●Changes A holder of shares of the Series A Preferred Stock is entitled to the number of votes equal to the number of shares of the Series A Preferred Stock held by such holder multiplied by one on all matters submitted to a vote of our stockholders. Each one share of our Series A Preferred Stock shall be convertible into 100 shares of our common stock. Each holder of Series A Preferred Stock is entitled to receive cumulative dividends at the rate of 8% of $1.00 per annum on each outstanding share of Series A Preferred Stock then held by such holder, on a pro rata basis. ● A holder of shares of the Series B Preferred Stock is entitled one vote per share on all matters submitted to a vote of our stockholders. If at least one share of Series B Preferred Stock is issued and outstanding, then the total aggregate issued shares of Series B Preferred Stock at any given time, regardless of their number, shall have voting rights equal to two times the sum of the total number of shares of our common stock which are issued and outstanding at the time of voting, plus the total number of shares of any shares of our preferred stock which are issued and outstanding at the time of voting. A holder of shares of the Series B Preferred Stock shall have no conversion rights or rights to dividends. ● A holder of shares of the Series C Preferred Stock is entitled, to the number of votes equal to the number of shares of the Series C Preferred Stock held by such holder multiplied by 5 on all matters submitted to a vote of our stockholders. In addition, the holders of our Series C Preferred Stock shall be entitled to receive dividends when, as and if declared by the Board of Directors, in ~~its~~Internal ~~sole~~Control ~~discretion.~~Over NoFinancial ~~dividends have been declared~~Reporting. Finally, each one share of our Series C Preferred Stock shall be convertible into five shares of our common stock. ● A holder of shares of the Series D Preferred Stock is entitled, to the number of votes equal to the number of shares of the Series D Preferred Stock held by such holder multiplied by 5 on all matters submitted to a vote of our stockholders. In addition, the holders of our Series D Preferred Stock shall be entitled to receive dividends when, as and if declared by the Board of Directors, in its sole discretion. No dividends have been declared. Finally, each one share of our Series D Preferred Stock shall be convertible into five shares of our common stock. ● A holder of shares of the Series E Preferred Stock is entitled, to the number of votes equal to the number of shares of the Series E Preferred Stock held by such holder multiplied by 100 on all matters submitted to a vote of our stockholders. In addition, the holders of our Series E Preferred Stock shall be entitled to receive dividends when, as and if declared by the Board of Directors, in its sole discretion. No dividends have been declared. Finally, each one share of our Series E Preferred Stock shall be convertible into 100 shares of our common stock.

~~Item~~There have been no changes in the registrant’s internal control over financial ~~13.~~reporting ~~Certain~~through ~~Relationships~~the ~~and~~date ~~Related~~of ~~Transactions~~this ~~and~~report ~~Director~~or ~~Independence~~during the quarter ended September 30, 2024, that materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

~~None~~Independent Registered Accountant’s Internal Control Attestation.

~~-9-~~This report does not include an attestation report of the registrant’s registered public accounting firm regarding internal control over financial reporting. Management’s report was not subject to attestation by the registrant’s registered public accounting firm pursuant to temporary rules of the Securities and Exchange Commission that permit the registrant to provide only management’s report in this report.

Item 14 9B. ~~Principal~~Other ~~Accounting Fees and Services~~Information.

~~Change in Audit Firms~~None.

On October 6, 2022, Liggett & Webb P.A. (“L&W”) resigned as the independent auditors of Cleartronic, Inc., a company incorporated under the laws of the State of Florida (the “Company”). The Company’s Board of Directors accepted L&W’s resignation on October 6, 2022.-14-

~~The reports~~PART of L&W on the financial statements of the Company as of and for the fiscal year ended September 30, 2021 did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.III

~~During the~~Item ~~Company’s~~10. ~~most recent fiscal years and the subsequent interim period through October 6~~Directors, ~~2022,~~Executive ~~there~~Officers were no disagreements with L&W on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of L&W, would have caused it to make reference to the subject matter of the disagreement(s) in connection with its report. During the Company’s most recent fiscal years and ~~the~~Corporate ~~subsequent period through October 6, 2022, there were no reportable events of the type described in Item 304(a)(1)(v) of Regulation S-K~~Governance.

The ~~Company~~ ~~provided~~following ~~L&W~~table ~~with~~sets aforth ~~copy~~information ofconcerning the ~~foregoing~~directors ~~disclosure~~ and ~~requested L&W to furnish the Company with a letter addressed~~ toexecutive ~~the~~officers ~~Securities and Exchange Commission stating whether it agrees with the statements made therein. A copy~~ of ~~such~~Cleartronic ~~letter furnished by L&W is filed~~ as ~~Exhibit~~of ~~16.1 to~~ the ~~form~~date ~~8-K~~of ~~filed~~this ~~by the Company.~~report:

On December 7, 2022, the Board of Directors of the Company approved the engagement of Assurance Dimensions (“Assurance”) as the Company’s independent registered public accounting firm for the audit of the Company’s annual report on Form 10-K for the year ended September 30, 2022.

Name	Age	Position	Director Since
Richard J. Martin	64	Chairman and Director	2016
Michael M. Moore	69	Chief Executive Officer and Director	2015
Larry M. Reid	80	President, Chief Financial Officer, Secretary and Director	1999

~~Audit~~The members of our board of directors are subject to change from time to ~~Fees~~time by the vote of the stockholders at special or annual meetings to elect directors. Our current board of directors consists of three directors who have expertise in the business of Cleartronic. Based on our continuing profitability, we intend to seek directors and officers who would be able to assist in the execution of our business plan.

The ~~aggregate~~ ~~fees~~foregoing ~~billed~~notwithstanding, byexcept ~~Liggett~~as &otherwise ~~Webb~~provided in any resolution or resolutions of the board, ~~P.A.~~directors ~~for~~who ~~professional~~are ~~services~~elected ~~rendered~~at ~~for~~an ~~the~~annual ~~audit~~meeting of stockholders, and ~~reviews~~directors ofelected ~~our~~in ~~financial~~the ~~statements~~interim to fill vacancies and newly created directorships, will hold office for the ~~fiscal~~term ~~years~~for ~~ended~~which ~~September~~elected ~~30,~~and ~~2022,~~until ~~was~~their ~~$48~~successors are elected and qualified or until their earlier death,~~000~~ resignation or removal.

~~The~~Whenever the holders of any class or classes of stock or any series thereof ~~aggregate~~are ~~fees~~entitled ~~billed~~to byelect ~~Assurance~~one ~~Dimensions~~or ~~for~~more ~~professional~~directors ~~services~~pursuant ~~rendered~~to ~~for~~any resolution or resolutions of the ~~audit~~board, vacancies and ~~review~~newly created directorships of ~~our~~such ~~financial~~class ~~statements for~~or classes or series thereof may generally be filled by a majority of the ~~fiscal~~directors ~~year~~elected ~~ended~~by ~~September~~such ~~30,~~class ~~2022,~~or ~~was~~classes ~~$30~~or series then in office,~~000~~ by a sole remaining director so elected or by the unanimous written consent or the affirmative vote of a majority of the outstanding shares of such class or classes or series entitled to elect such director or directors. Officers are elected annually by the directors. There are no family relationships among our directors and officers.

~~The~~We may employ additional management personnel, as our board of directors ~~aggregate~~deems ~~fees~~necessary. ~~billed~~Cleartronic byhas ~~Assurance~~not ~~Dimensions~~identified ~~for~~or ~~professional~~reached ~~services~~an ~~rendered~~agreement ~~for~~or ~~the~~understanding ~~audit~~with ~~and~~any ~~review~~other ofindividuals ~~our~~to ~~financial~~serve ~~statements~~in management ~~for~~positions, ~~the~~but ~~fiscal~~does ~~year~~not ~~ended~~anticipate ~~September~~any ~~30,~~problem ~~2023,~~in ~~was~~employing ~~$50,000~~qualified staff.

~~Audit~~A description of the business experience for the directors and executive ~~Related~~officers ~~Fees~~of Cleartronic is set forth below.

~~The~~Richard J. Martin currently serves as Chairman and Director of Cleartronic, ~~aggregate~~Inc. ~~audit-related~~Prior ~~fees~~to ~~billed~~joining bythe ~~Liggett~~Cleartronic &team, ~~Webb~~Martin served as CEO of SMARTLogix, PInc.A, a petroleum logistics technology company which he founded in 2000. ~~for~~Graduating ~~professional~~with ~~services~~an ~~rendered~~Engineering ~~for~~degree ~~the~~from ~~audit~~The University of ~~our~~Buffalo’s ~~annual~~School ~~financial statements~~of ~~for~~Engineering, Martin joined the ~~fiscal~~Exxon Management ~~year~~Development ~~ended~~Program. ~~September~~Following 30his tenure at Exxon, ~~2022~~he purchased an Exxon distributorship in the Carolinas. Culp Petroleum was $4transformed into a large regional distribution company. While at Culp,~~000~~ Martin developed and implemented several technologies that have since become industry standards. Martin sold the petroleum business in 2005 and focused his efforts on his technology ventures including the SMARTank division of SMARTLogix. SMARTank grew substantially and the technology was later sold to a public company in 2011.

~~Tax~~Michael M. Moore is currently Chief Executive Officer and a Director of ~~Fees~~Cleartronic, Inc. He was founder and CEO of Collabria, LLC, a private software development company. Prior to founding Collabria in 2008, Moore for 13 years was CEO of DTNet Group and for seven years served as CEO of Payroll Transfers, Inc. He also was an assistant vice president with both Kidder Peabody and Merrill Lynch. Mr. Moore is an honors graduate of the United States Air Force Academy and served as an Air Force fighter pilot for eight years, flying F-4 and F-16 fighter aircraft. He is also one of six entrepreneurs profiled in the book Daring Visionaries, How Entrepreneurs Build Companies, Inspire Allegiance, and Create Wealth.

~~The aggregate tax fees billed by Liggett & Webb, P.A. professional services rendered for tax services for the fiscal year ended September 30, 2023 and 2022 was $1,500 and $1,500, respectively.~~-15-

~~All~~Larry Reid is the founder of Cleartronic and a co-founder of VoiceInterop. ~~Other~~With ~~Fees~~over thirty years of executive management experience including sales and marketing, operations management, and financial management, from 2001 to 2005 Mr. Reid served as CFO and director of Connectivity, Inc., a manufacturer and distributor of emergency call boxes. He was instrumental in Connectivity’s acquisition by CNE Group, Inc., (an American Stock Exchange listed company) and served as Executive Vice President and Director of CNE from 2003 to 2005. Mr. Reid has broad experience in venture start-ups, raising capital, building organizational synergies, creating and developing joint ventures and strategic partnerships, opening new markets, and driving key business initiatives. Early in his professional career in corporate financial management, Mr. Reid was responsible for raising more than $5 million in start-up capital for Ocurest Laboratories, Inc., a company he co-founded to package and distribute over-the-counter eye drops in a new (patented) eye drop dispenser. He forged Ocurest’s successful IPO in 1996 and helped lead the company’s achieving an estimated 80% market penetration of optical supply retail outlets in the United States.

~~There were~~Committees noof ~~other fees billed by Assurance Dimensions (“Assurance”) for professional services rendered during~~ the ~~fiscal year ended September 30, 2023, other than as stated under the captions Audit Fees, Audit-Related Fees, and Tax Fees.~~Board

~~There were~~We nodo ~~other~~not ~~fees~~currently ~~billed~~have byan ~~Ligget~~Audit, &Executive, ~~Webb~~Finance, ~~P.A. for professional services rendered during the fiscal years ended September 30~~Compensation, ~~2023~~or ~~and~~Nominating ~~2022~~Committee, ~~other~~or ~~than~~any asother ~~stated~~committee ~~under~~of the ~~captions~~Board ~~Audit~~of ~~Fees, Audit-Related Fees, and Tax Fees~~Directors.

~~Audit Committee~~Section ~~Pre-Approval~~16(a) ofBeneficial ~~Audit~~Ownership ~~and~~Reporting ~~Permissible Non-Audit Services of Independent Auditors~~Compliance

~~Given the~~Under ~~small~~Section ~~size~~16(a) of ~~our~~the ~~Board~~Exchange Act, our ~~Board~~directors ~~acts~~and ascertain of our officers, ~~Audit~~and ~~Committee.~~persons ~~Our~~holding ~~Board~~more ~~pre-approves~~than ~~all~~10 ~~audit~~percent ~~and~~of ~~permissible~~our ~~non-audit~~common ~~services.~~stock are required to file forms reporting their beneficial ownership ~~These~~of ~~services~~our ~~may~~common ~~include~~stock ~~audit~~and ~~services,~~subsequent ~~audit-related~~changes ~~services,~~in ~~tax~~that ~~services,~~ownership with the United States Securities and ~~other~~Exchange ~~services~~Commission. ~~Our~~Such ~~Board~~persons ~~approves~~are also ~~these~~required ~~services on~~to afurnish ~~case-by-case~~Cleartronic ~~basis~~with copies of all forms so filed.

-Based solely upon a review of copies of such forms filed on Forms 3, 4, and 5, and amendments thereto furnished to us, we believe that as of the date of this report, our executive officers, directors and greater than 10- percent beneficial owners have not complied on a timely basis with all Section 16(a) filing requirements.

~~PART IV~~Communication with Directors

~~Item~~Stockholders and other interested parties may contact any of our directors 15by writing to them at Cleartronic, Inc., ~~Exhibits~~at 28050 US Hwy 19N, ~~Financial~~Clearwarter, ~~Statement~~Florida ~~Schedules~~33761, Attention: Corporate Secretary.

(The Company’s Board has approved a) process for handling letters received ~~All~~by ~~financial~~us ~~statements~~and ~~are~~addressed ~~included~~to any of our directors. Under that process, the Secretary reviews all such correspondence and regularly forwards to the directors a summary of all such correspondence, together with copies of all such correspondence that, in ~~Item~~the 8opinion of ~~this~~the ~~report~~Secretary, deal with functions of the board or committees thereof or that he otherwise determines requires their attention. Directors may at any time review a log of all correspondence received by us that are addressed to members of the board and request copies of such correspondence.

~~(b) All~~Conflicts ~~financial statement schedules required to be filed by Item 8~~ of ~~this report and the exhibits contained in this report are included in Item 8 of this report.~~Interest

~~(c)~~With respect to transactions involving real or apparent conflicts of interest, ~~The~~we ~~following~~have ~~exhibits~~not ~~are~~adopted ~~attached~~any towritten ~~this~~policies ~~report:~~and procedures.

Exhibit No.		Identification of Exhibit
3.1**		Articles of Incorporation, filed as exhibit 3.01 to the registrant’s registration statement on Form SB-2 on July 3, 2006, Commission File Number 333-135585.
3.2**		Articles of Amendment to Articles of Incorporation filed March 12, 2001, filed as exhibit 3.02 to the registrant’s registration statement on Form SB-2 on July 3, 2006, Commission File Number 333-135585.
3.3**		Articles of Amendment to Articles of Incorporation filed October 4, 2004, filed as exhibit 3.03 to the registrant’s registration statement on Form SB-2 on July 3, 2006, Commission File Number 333-135585.
3.4**		Articles of Amendment to Articles of Incorporation filed March 31, 2005, filed as exhibit 3.04 to the registrant’s registration statement on Form SB-2 on July 3, 2006, Commission File Number 333-135585.
3.5**		Articles of Amendment to Articles of Incorporation filed May 9, 2008, filed as exhibit 3.02 to the registrant’s registration statement on Form S-1 on May 28, 2008, Commission File Number 333-135585.
3.6**		Articles of Amendment to Articles of Incorporation filed June 28, 2010, filed as exhibit 3.7 to the registrant’s Form 10-Q on February 14, 2011, Commission File Number 333-135585.
3.7**		Articles of Amendment to Articles of Incorporation filed May 6, 2011, filed as exhibit 3.1 to the registrant’s Form 8-K on May 6, 2011, Commission File Number 333-135585.
3.8**		Articles of Amendment to Articles of Incorporation filed April 19, 2012, filed as exhibit 3.09 to the registrant’s Form 10-Q on May 14, 2012, Commission File Number 333-135585.
3.9**		Articles of Amendment to Articles of Incorporation filed September 7, 2012, filed as exhibit 3.1 to the registrant’s Form 8-K on September 7, 2012, Commission File Number 333-135585.
3.10**		Articles of Amendment to Articles of Incorporation filed September 19, 2012, filed as exhibit 3.1 to the registrant’s Form 8-K on September 19, 2012, Commission File Number 333-135585.
3.11**		Articles of Amendment to Articles of Incorporation filed October 5, 2012, filed as exhibit 3.1 to the registrant’s Form 8-K on October 5, 2012, Commission File Number 333-135585.
3.12**		Articles of Amendment to Articles of Incorporation filed December 28, 2013, filed as exhibit 3.12 to the registrant’s Form 8-K on January 14, 2014, Commission File Number 333-135585.
3.13**		Bylaws, filed as exhibit 3.05 to the registrant’s registration statement on Form SB-2 on July 3, 2006, Commission File Number 333-135585.
3.14**		Amended and Restated Bylaws, filed as exhibit 3.1 to the registrant’s Form 8-K on July 26, 2010, Commission File Number 333-135585.
10.1**		Employment Agreement dated October 5, 2012, between Larry M. Reid and the registrant, filed as exhibit 10.1 to the registrant’s Form 8-K on October 12, 2012, Commission File Number 333-135585.
10.2**		Lease Agreement dated November 30, 2014, between BGNP Associates, LLC and Cleartronic, Inc, filed as Exhibit 10.10 to the registrant’s Form 10-K on January 13, 2015, Commission File Number 000-55329
10.3**		Employment Agreement dated March 13, 2015, between Larry M. Reid and the registrant, filed as Exhibit 10.1 to the registrant’s Form 8-K on March 18, 2015, Commission File Number 000-55329
10.4**		Subscription Agreement between registrant and private accredited investor dated March 31, 2015 for purchase of 278,743 shares of Series D Convertible Preferred stock, filed as exhibit 10.1 to the registrant’s Form 8-K on April 10, 2015, Commission File Number 000-55329
10.5**		Subscription Agreement between registrant and private accredited investor dated March 31, 2015 for purchase of 270,024 shares of Series D Convertible Preferred stock, filed as exhibit 10.2 to the registrant’s Form 8-K on April 10, 2015, Commission File Number 000-55329
10.6**		Subscription Agreement between registrant and private accredited investor dated March 31, 2015 for purchase of 278,743 shares of Series D Convertible Preferred stock, filed as exhibit 10.3 to the registrant’s Form 8-K on April 10, 2015, Commission File Number 000-55329
10.7**		Promissory Note date November 24, 2015 in the original amount of $50,000 issued to Mr. Marc Moore filed as exhibit 10.18 to the registrant’s Form 10-K on January 13, 2016, Commission File 000-55329.
10.8**		Asset Purchase Agreement dated November 29, 2016 between the registrant and Collabria LLC. Filed as an exhibit to the registrant’s Form 8-K on December 5, 2016.
10.9**		Employment Agreement dated November 28, 2016 between the registrant and Mr. Moore.
10.10**		Promissory Note dated September 27, 2017 in the amount of $35,000 issued to Richard Martin.
10.11**		Promissory Note dated October 12, 2017 in the amount of $15,000 issued to Richard Martin
10.12**		Installment Note dated September 30, 2019 in the amount of $75,279 issued to Richard Martin
10.13**		Lease Agreement dated December 1, 2018 , between BGNP Associates, LLC and VoiceInterop, Inc.
10.14**		Promissory Note dated December 2, 2019 in the amount of $50,000 issued to Mr. John F. Marek.
31.1*		Certification of Michael M. Moore, Chief Executive Officer of Cleartronic, Inc., pursuant to 18 U.S.C. §1350, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002.
31.2*		Certification of Larry M. Reid, Chief Financial Officer and Principal Accounting Officer of Cleartronic, Inc., pursuant to 18 U.S.C. §1350, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002.
32.1*		Certification of Michael M. Moore, Chief Executive Officer of Cleartronic, Inc., pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002.
32.1*		Certification of Larry M. Reid, Chief Financial Officer and Principal Accounting Officer of Cleartronic, Inc., pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002.
101		XBRL Instance Document (XBRL tags are embedded within the Inline iXBRL document)

Code of Ethics for Senior Executive Officers and Senior Financial Officers

*FiledWe have not adopted a Code of Ethics for Senior Executive Officers and ~~herewith~~Senior Financial Officers.

**Previously filedItem 11. Executive Compensation.

~~-11-~~Summary of Cash and Certain Other Compensation

~~SIGNATURES~~At present, Cleartronic has two executive officers, Michael M. Moore and Larry M. Reid. Michael M. Moore is the Chief Executive Officer of the Company. The Company executed an Employment Agreement with Mr. Moore on November 28, 2016. Under the Agreement, Mr. Moore agreed that he shall carry out the strategic plans and policies as established by our business plan. Mr. Moore will advise us from time to time on organization, hiring, mergers, and execution of our business plan. Mr. Moore is paid a base salary of $16,667 per month.

InUnless Cleartronic shall have given Mr. Moore written notice at least 30 ~~accordance~~days ~~with~~prior ~~Section~~to 13the orTermination 15Date, the Agreement shall automatically renew and continue in effect for additional one-year periods (d)and all provisions of this anniversary from such original Termination Date shall thereafter be designated as the ~~Securities~~“Termination ~~Exchange~~Date” for ~~Act~~all ofpurposes ~~1934~~under the Agreement, asprovided, ~~amended~~however, that we may, at our election at any time after the ~~registrant~~expiration ~~has~~of ~~duly~~the ~~caused~~initial term ~~this~~of ~~report~~the Agreement, give Mr. Moore notice of Termination, in which event he shall continue to receive, as severance pay, six months beof ~~signed~~his onbase ~~its~~salary, ~~behalf~~if byany, or the ~~undersigned~~amount due through the next “Termination Date”, ~~thereunto~~whichever ~~duly~~is ~~authorized~~less. Mr. Moore may terminate the Agreement without severance pay upon 10 days written notice to the Company.

~~CLEARTRONIC, INC.~~-16-

The Company executed an Employment Agreement with Mr. Reid on March 13, 2015. The Employment Agreement replaces the previously executed Employment Agreement with Mr. Reid. Pursuant to the Employment Agreement (the “Agreement”), Cleartronic and Mr. Reid agreed that for a one year period beginning on March 13, 2015, we employed Mr. Reid to perform services for us both on and offsite. The last day of the one year period shall be the “Termination Date:” for purposes ~~December~~of 21the Agreement. Termination of the agreement can be made by either party without penalty upon 10 days written notice. Pursuant to the Agreement, ~~2023~~ Cleartronic and Mr. Reid agreed that for a one year period beginning on November 28, 2016, Mr. Reid to perform services for us both on and offsite. The last day of the one year period shall be the “Termination Date” for purposes of the Agreement.

ByUnless ~~/s/~~Cleartronic shall have given Mr. Reid written notice at least 30 ~~Michael~~days Mprior to the Termination Date, the Agreement shall automatically renew and continue in effect for additional one-year periods (and all provisions of this anniversary from such original Termination Date shall thereafter be designated as the “Termination Date” for all purposes under the Agreement, provided, however, that we may, at our election at any time after the expiration of the initial term of the Agreement, give Mr. ~~Moore~~Reid notice of Termination, in which event he shall continue to receive, as severance pay, six months of his base salary, if any, or the amount due through the next “Termination Date”, whichever is less. Mr. Reid may terminate the Agreement without severance pay upon 10 days written notice to the Company. Under the Agreement, Mr. Reid agreed that he shall carry out the strategic plans and policies as established by our business plan. Mr. Reid will advise us from time to time on organization, hiring, mergers, and execution of our business plan.

~~Michael M.~~Summary ~~Moore,~~Compensation ~~Chief Executive Officer~~Table

ByThe following table sets forth, for our named executive officers for the ~~/s/~~two ~~Larry~~completed M.fiscal ~~Reid~~years ended September 30, 2024, and 2023:

Larry M. Reid, Chief Financial Officer and

Name and Principal Position	Year	Salary ($)	Bonus ($)	Stock Awards ($)	Option Awards ($)	Non-Equity Incentive Plan Compensation ($)	Nonqualified deferred compensation earnings ($)	All Other Compensation ($)	Total ($)
Larry M. Reid (1)	2023	104,000	400	-0-	-0-	-0-	-0-	-0-	104,400
	2024	109,000	10,250	-0-	-0-	-0-	-0-	-0-	119,250
Michael Moore (2)	2023	220,000	3,100	-0-	-0-	-0-	-0-	-0-	223,100
	2024	241,077	58,300	-0-	-0-	-0-	-0-	1,974(3)	301,351

~~Principal Accounting~~(1) Mr. Reid is our Chief Financial Officer, Secretary, and a director.

~~Pursuant to~~(2) ~~the~~Mr. ~~requirements~~Moore ofis ~~the~~our ~~Securities~~CEO ~~Exchange Act of 1934, as amended, this report has been signed by the following persons on behalf of the registrant~~ and ina ~~the capacities and on the dates indicated~~director.

~~Date:~~(3) The amount reported under “All Other Compensation” for ~~December 21~~the fiscal year ended September 30, ~~2023~~2024, includes $1,974 of 401(k) contributions paid on behalf of Mr. Moore for the fiscal year ended 2024.

~~By /s/~~Outstanding ~~Michael~~Equity M.Awards ~~Moore~~at Fiscal Year-End

~~Michael~~Our Executive Officers have not received any equity awards for the years M.ended ~~Moore~~September 30, ~~Chief~~2024 ~~Executive~~and ~~Officer~~2022.

~~By /s/~~Director ~~Larry M. Reid~~Compensation

~~Larry M.~~Our ~~Reid,~~Directors ~~Chief~~have ~~Financial~~not ~~Officer~~received compensation for the years September 30, 2024 and 2023.

~~Principal Accounting~~Item ~~Officer~~12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.

~~-12-~~The following table presents information regarding the beneficial ownership of all shares of our common stock and preferred stock as of the date of this report by:

~~REPORT OF~~● ~~INDEPENDENT~~Each ~~REGISTERED~~person ~~PUBLIC~~who ~~ACCOUNTING~~owns ~~FIRM~~beneficially ~~(PCAOB~~outstanding IDshares ~~5036)~~of our preferred stock;

~~To the~~● ~~Board~~Each ~~of Directors and Stockholders of Cleartronic, Inc.~~director;

~~Opinion on~~● ~~the~~Each ~~Financial~~named ~~Statements~~executive officer; and

~~We have~~● ~~audited~~All ~~the~~directors ~~accompanying consolidated balance sheets of Cleartronic, Inc. (the Company) as of September 30, 2023~~ and ~~2022,~~officers and the related consolidated statements of operations, changes in stockholders’ deficit, and cash flow for each of the years in the two-year period ended September 30, 2023, and the related notes (collectively referred to as ~~the~~a ~~“financial statements”)~~group. In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of September 30, 2023 and 2022, and the results of its operations and its cash flows each of the years in the two-year period ended September 30, 2023, in conformity with accounting principles generally accepted in the United States of America.

~~Basis for Opinion~~-17-

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

	Shares of Common Stock Beneficially Owned (2)					Shares of Preferred Stock Beneficially Owned (2)
Name of Beneficial Owner (1)	Number		Percent			Number		Percent
Larry M. Reid (3)		5,016,325		2.19	%		511,225		5.93	%
Michael Moore (4)		5,702,988		2.50	%		3,000,000		34.18	%
Richard J. Martin		1,868,202		0.82	%		1,582,966		18.37	%
All directors and officers as a group (one person)		12,587,515		5.51	%		5,094,199		58.48	%

~~We conducted~~(1) ~~our~~Unless ~~audits~~otherwise inindicated, ~~accordance~~the ~~with~~address ~~the~~for ~~standards~~each of ~~the~~these ~~PCAOB. Those standards require that we plan and perform the audit to obtain~~stockholders ~~reasonable~~is ~~assurance~~c/o ~~about whether the financial statements are free of material misstatement~~Cleartronic, ~~whether due to error or fraud~~Inc., ~~The~~at ~~Company is~~28050 ~~not~~US ~~required~~Hwy ~~to have~~19N, ~~nor were we engaged to perform~~Clearwater, anFlorida ~~audit of its internal control over financial reporting~~33761. AsAlso, ~~part~~unless ofotherwise ~~our audits~~indicated, we ~~are~~each ~~required~~person tonamed ~~obtain~~in anthe ~~understanding~~table above ofhas ~~internal~~the ~~control~~sole ~~over~~voting ~~financial~~and ~~reporting,~~investment ~~but~~power ~~not~~with ~~for~~respect ~~the~~to ~~purpose~~our ofshares ~~expressing an opinion on the effectiveness~~ of ~~the~~common ~~Company’s~~stock ~~internal~~or ~~control~~preferred ~~over~~stock ~~financial~~which ~~reporting.~~he ~~Accordingly,~~beneficially ~~we express no such opinion~~owns.

~~Our audits~~(2) ~~included~~Beneficial ~~performing~~ownership ~~procedures~~is todetermined ~~assess~~in accordance with the ~~risks~~rules of the ~~material~~Securities ~~misstatement~~and Exchange Commission. As of the ~~financial~~date ~~statements~~of this report, ~~whether~~we ~~due~~have to5,000,000,000 ~~error~~authorized shares of common stock, par value or$0.00001 ~~fraud~~per share, ~~and~~of ~~performing~~which ~~procedures~~228,578,995 ~~that~~shares ~~respond~~were toissued ~~those~~and ~~risks~~outstanding. ~~Such~~As ~~procedures~~of ~~included~~the ~~examining,~~date onof athis ~~test basis~~report, ~~evidence~~we ~~regarding the~~have ~~amounts~~71,250,010 authorized and ~~disclosures~~designated inshares ~~the~~of ~~financial~~preferred ~~statements.~~stock, ~~Our~~par ~~audits~~value ~~also~~$0.00001 ~~included~~per ~~evaluating~~share, ~~the~~of ~~accounting~~which ~~principles~~7,525,403 ~~used~~shares were issued and ~~significant estimates~~outstanding. ~~made~~Mr. byReid owns ~~management~~511,525 asshares ~~well~~of asSeries ~~evaluating~~C ~~the~~Preferred ~~overall~~stock. ~~presentation~~See below for a description of ~~the~~our ~~financial~~preferred ~~statements~~stock and voting rights. WeMr. ~~believe~~Martin ~~that~~owns 512,996 shares of our ~~audits provide~~Series aA ~~reasonable~~Preferred ~~basis~~stock ~~for~~and 1,070,000 shares of our ~~opinion~~Series C Preferred stock.

~~Critical~~(3) Mr. Reid is our president, chief financial officer, principal accounting ~~Audit~~officer, ~~Matters~~secretary, and director.

The critical audit matters communicated below are matters arising from the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (14) ~~relate~~Mr. toMoore ~~accounts~~is orour ~~disclosures~~Chief ~~that~~Executive ~~are~~Officer ~~material to the financial statements~~ and ~~(2)~~a ~~involved~~director. ~~our~~Mr. ~~especially~~Moore owns ~~challenging~~5, ~~subjective~~702,988 orshares ~~complex judgments. The communication~~ of ~~critical audit matters does not alter in any way~~ our ~~opinion~~common onstock ~~the financial statements, taken as a whole,~~ and ~~we are not~~3, ~~by communicating the critical audit matters below~~000,000 ~~providing~~shares ~~separate~~of ~~opinions~~our onSeries ~~the~~E ~~critical~~Preferred ~~audit matters or on the accounts or disclosures to which they relate~~stock.

~~Valuation~~Other than as stated herein, there are no arrangements or understandings, known to us, including any pledge by any person of ~~accounts~~our ~~receivable~~securities:

~~Description~~ ● The operation of ~~the~~which ~~Matter~~may at a subsequent date result in a change in control of Cleartronic; or

~~As described~~● inWith ~~Note~~respect 2 to the ~~consolidated~~election ~~financial statements, the Company provides an allowance for credit losses based upon a periodic review and analysis~~ of ~~outstanding~~directors ~~accounts~~or ~~receivable~~other ~~balances~~matters. Uncollectible receivables are charged to the allowance when deemed uncollectible. Recoveries of accounts previously written off are used to credit the allowance account in the periods in which the recoveries are made.

~~How We~~Preferred ~~addressed the Matter in our Audit~~Stock

~~The primary~~As ~~procedures~~of ~~performed included evaluating~~ the ~~methodologies~~date ~~used~~of inthis ~~the~~report, ~~determination~~we ofhave ~~allowance~~200,000,000 ~~for~~authorized ~~credit~~shares ~~losses and reviewing~~of ~~historical~~preferred ~~data~~stock, ~~collections~~par ~~and~~value ~~other~~$0.00001 ~~inputs~~per ~~used~~share, byof ~~the~~which ~~Company~~7,317,403 asshares ~~well~~were asissued ~~subsequent~~and ~~collections~~outstanding. ~~Based~~There onare ~~our~~currently ~~procedures~~5 weseries ~~deemed~~of ~~the~~preferred ~~Company’s~~stock ~~treatment~~designated ~~of accounts receivable and the corresponding allowance for credit losses to be appropriate~~ as ~~of September 30, 2023.~~follows:

~~Assurance~~● ~~Dimensions~~1,250,000 shares have been designated as Series A Preferred Stock, 512,996 of which are issued and outstanding;

We● 10 shares have ~~served~~been designated as ~~the~~Series ~~Company’s~~B ~~auditor~~Preferred ~~since~~Stock, ~~2022.~~none ~~Margate,~~of ~~Florida~~which ~~December~~is ~~21,~~issued ~~2023~~and outstanding;

~~F-1~~● 50,000,000 shares have been designated as Series C Preferred Stock, 3,133,503 of which are issued and outstanding; and

CLEARTRONIC, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
ASSETS
	September 30, 2023			September 30, 2022
Current assets:
Cash and cash equivalents	$	516,955		$	468,167
Accounts receivable, net of an allowance for credit losses of $63,665 as of September 30, 2023 and $18,000 as of September 30, 2022		545,573			538,030
Inventory		21,913			21,097
Prepaid expenses and other current assets		68,522			53,611
Interest receivable - related party		2,724			-
Total current assets		1,155,687			1,080,905
Property and Equipment, net		16,526			15,142
Intangible Assets, net		44,373			-
Operating lease - right-of-use asset		29,914			-
					-
Other assets:
Due from related party		53,302			53,302
Total other assets		53,302			53,302
Total assets	$	1,299,802		$	1,149,349
LIABILITIES AND STOCKHOLDERS’ EQUITY/(DEFICIT)
Current liabilities:
Accounts payable and accrued expenses	$	85,858		$	75,217
Deferred revenue, current portion		1,105,580			1,012,211
Operating lease liability		24,580			-
Total current liabilities		1,216,018			1,087,428
Long term liabilities:
Deferred revenue, net of current portion		72,100			113,300
Operating lease liability - long term		6,507			-
Total long term liabilities		78,607			113,300
Total liabilities		1,294,625			1,200,728
Commitments and Contingencies (See Note 6)
Stockholders’ equity/(deficit):
Series A preferred stock - $.00001 par value; 1,250,000 shares authorized, 512,996 issued and outstanding, respectively.		5			5
Series B preferred stock - $.00001 par value; 10 shares authorized, 0 shares issued and outstanding, respectively.c		-			-
Series C preferred stock - $.00001 par value; 50,000,000 shares authorized, 3,133,503 and 3,341,503 shares issued and outstanding, respectively.		32			34
Series D preferred stock - $.00001 par value; 10,000,000 shares authorized, 670,904 shares issued and outstanding, respectively.		7			7
Series E preferred stock - $.00001 par value, 10,000,000 shares authorized, 3,000,000 shares issued and outstanding, respectively.		30			30
Common stock - $.00001 par value; 5,000,000,000 shares authorized, 229,160,695 and 228,120,695, shares issued and outstanding, respectively.		2,291			2,281
Additional paid-in capital		15,240,104			15,240,112
Accumulated Deficit		(15,237,292	)		(15,293,848	)
Total stockholders’ equity (deficit)		5,177			(51,379	)
Total liabilities and stockholders’ equity/(deficit)	$	1,299,802		$	1,149,349

●

10,000,000 shares have been designated Series D Preferred stock, of which 670,904 are issued and outstanding; and

~~The accompanying~~● ~~notes~~10,000,000 ~~are~~shares anhave ~~integral~~been ~~part~~designated Series E Preferred stock, of ~~these~~which ~~consolidated~~3,000,000 ~~financial~~are ~~statements~~issued and outstanding.

F-218-

CLEARTRONIC, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
	For the Year Ended September 30, 2023			For the Year Ended September 30, 2022
Revenue	$	2,131,955		$	2,017,563
Cost of Revenue		316,163			334,138
Gross Profit		1,815,792			1,683,425
Operating Expenses:
Selling expenses		425,498			272,521
Administrative expenses		1,303,980			1,033,796
Depreciation and amortization expense		5,051			3,732
Research and development		27,314			19,742
Total Operating Expenses		1,761,843			1,329,791
Gain on the settlement and reversal of accounts payable		-			47,792
Interest income/expense, net		2,607			(531	)
Total Other Income/(Expenses)		2,607			47,261
Income before income taxes		56,556			400,895
Provision for income taxes from continuing operations		-			-
Net Income		56,556			400,895
Preferred stock dividends Series A Preferred		(41,038	)		(41,037	)
Net income( loss) attributable to common stockholders	$	15,518		$	359,858
Net income (loss) per common share - basic	$	0.00		$	0.00
Net income (loss) per common share - diluted	$	0.00		$	0.00
Weighted Average of number of shares outstanding - basic		228,786,339			228,239,979
Weighted Average of number of shares outstanding - diluted		599,107,974			599,601,614

Pursuant to our Articles of Incorporation establishing our preferred stock:

~~The accompanying~~● ~~notes~~A ~~are~~holder anof ~~integral~~shares ~~part~~of the Series A Preferred Stock is entitled to the number of ~~these~~votes ~~consolidated~~equal ~~financial~~to ~~statements~~the number of shares of the Series A Preferred Stock held by such holder multiplied by one on all matters submitted to a vote of our stockholders. Each one share of our Series A Preferred Stock shall be convertible into 100 shares of our common stock. Each holder of Series A Preferred Stock is entitled to receive cumulative dividends at the rate of 8% of $1.00 per annum on each outstanding share of Series A Preferred Stock then held by such holder, on a pro rata basis.

~~F-3~~● A holder of shares of the Series B Preferred Stock is entitled one vote per share on all matters submitted to a vote of our stockholders. If at least one share of Series B Preferred Stock is issued and outstanding, then the total aggregate issued shares of Series B Preferred Stock at any given time, regardless of their number, shall have voting rights equal to two times the sum of the total number of shares of our common stock which are issued and outstanding at the time of voting, plus the total number of shares of any shares of our preferred stock which are issued and outstanding at the time of voting. A holder of shares of the Series B Preferred Stock shall have no conversion rights or rights to dividends.

CLEARTRONIC, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOW
	For the Year Ended September 30, 2023			For the Year Ended September 30, 2022
NET INCOME	$	56,556		$	400,895
Cash Flows From Operating Activities
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization expense		5,051			3,732
Amortization of operating lease - right-of-use asset		17,949			-
Gain on the settlement and reversal of accounts payable		-			(47,792	)
Provision for credit losses		97,994			14,000
(Increase) decrease in assets:
Accounts receivable		(105,537	)		(231,785	)
Inventory		(816	)		(6,444	)
Prepaid expenses and other current assets		(17,635	)		(6,228	)
Due from related party		-			(8,501	)
Increase (decrease) in liabilities:
Accounts payable		10,640			(36,943	)
Deferred revenue		52,169			(6,285	)
Right-of-use assets and lease liabilities, net		(16,776	)		-
Net Cash Provided by Operating Activities		99,595			74,649
Cash Flows From Investing Activities
Purchase of fixed assets		(6,434	)		(7,483	)
Purchase of intangible assets		(44,373	)		-
Net Cash Used in Investing Activities		(50,808	)		(7,483	)
Cash Flows From Financing Activities		-			-
Net (decrease) increase in cash		48,788			67,166
Cash at beginning of year		468,167			401,001
Cash at end of year	$	516,955		$	468,167
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	$	117		$	53
Cash paid for taxes	$	400		$	690
Supplemental disclosure of non-cash investing and financing activities:
Cancellation of 458,300 shares of common stock	$	-		$	5
Series C Convertible Preferred shares exchanged for common stock	$	10		$	-
Operating lease right of use asset recorded on adoption of ASC 842	$	47,863		$	-

●

A holder of shares of the Series C Preferred Stock is entitled, to the number of votes equal to the number of shares of the Series C Preferred Stock held by such holder multiplied by 5 on all matters submitted to a vote of our stockholders. In addition, the holders of our Series C Preferred Stock shall be entitled to receive dividends when, as and if declared by the Board of Directors, in its sole discretion. No dividends have been declared. Finally, each one share of our Series C Preferred Stock shall be convertible into five shares of our common stock.

~~The accompanying~~● ~~notes~~A ~~are~~holder anof ~~integral~~shares ~~part~~of the Series D Preferred Stock is entitled, to the number of ~~these~~votes ~~consolidated~~equal ~~financial~~to ~~statements~~the number of shares of the Series D Preferred Stock held by such holder multiplied by 5 on all matters submitted to a vote of our stockholders. In addition, the holders of our Series D Preferred Stock shall be entitled to receive dividends when, as and if declared by the Board of Directors, in its sole discretion. No dividends have been declared. Finally, each one share of our Series D Preferred Stock shall be convertible into five shares of our common stock.

~~F-4~~● A holder of shares of the Series E Preferred Stock is entitled, to the number of votes equal to the number of shares of the Series E Preferred Stock held by such holder multiplied by 100 on all matters submitted to a vote of our stockholders. In addition, the holders of our Series E Preferred Stock shall be entitled to receive dividends when, as and if declared by the Board of Directors, in its sole discretion. No dividends have been declared. Finally, each one share of our Series E Preferred Stock shall be convertible into 100 shares of our common stock.

CLEARTRONIC, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY/(DEFICIT)
FOR THE YEARS ENDED SEPTEMBER 30, 2023 AND 2022
	Series A Preferred Stock				Series B Preferred Stock				Series C Preferred Stock						Series D Preferred Stock				Series E Preferred Stock				Common Stock
	Shares		Amount		Shares		Amount		Shares			Amount			Shares		Amount		Shares		Amount		Shares			Amount			Additional paid-in capital			Accumulated deficit			Stockholders’ (Deficit)/Equity
Balance at September 30, 2021		512,996	$	5		-	$	-		3,341,503		$	34			670,904	$	7		3,000,000	$	30		228,578,995		$	2,286		$	15,240,107		$	(15,694,743	)	$	(452,274	)
Share cancellation		-		-		-		-		-			-			-		-		-		-		(458,300	)		(5	)		5			-			-
Net income for the year ended September 30, 2022		-		-				-		-			-			-		-		-		-		-			-			-			400,895			400,895
Balance at September 30, 2022		512,996	$	5		-	$	-		3,341,503		$	34			670,904	$	7		3,000,000	$	30		228,120,695		$	2,281		$	15,240,112		$	(15,293,848	)	$	(51,379	)
Series C Convertible Preferred shares exchanged for common stock		-		-		-		-		(208,000	)		(2	)		-		-		-		-		1,040,000			10			(8	)		-			-
Net income for the year ended September 30, 2023		-		-		-		-		-			-			-		-		-		-		-			-			-			56,556			56,556
Balance at September 30, 2023		512,996	$	5		-	$	-		3,133,503		$	32			670,904	$	7		3,000,000	$	30		229,160,695		$	2,291		$	15,240,104		$	(15,237,292	)	$	5,177

~~The accompanying notes are an integral part of these consolidated financial statements~~None

~~F-5~~Item 14. Principal Accounting Fees and Services.

~~CLEARTRONIC, INC.~~Change ~~AND~~in ~~SUBSIDIARY~~Audit Firms

~~Notes~~On February 16 , 2024, Assurance resigned as the independent auditors of toCleartronic, ~~Consolidated~~Inc., ~~Financial~~a ~~Statements~~company incorporated under the laws of the State of Florida (the “Company”). The Company’s Board of Directors accepted Assurance’s resignation on February 16, 2024.

~~September~~The reports of Assurance on the financial statements of the Company as of and for the fiscal year ended September 30, ~~2023~~2024 did not contain any adverse opinion or disclaimer of opinion and ~~2022~~were not qualified or modified as to uncertainty, audit scope or accounting principles.

~~NOTE~~During the Company’s most recent fiscal years and the subsequent interim period through February 16, 2024, there were no disagreements with Assurance on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement(s), if not resolved to the satisfaction of Assiramce. would have caused it to make reference to the subject matter of the disagreement(s) in connection with its report. During the Company’s most recent fiscal years and the subsequent period through February 16, 2024, there were no reportable events of the type described in Item 304(a)(1 -)(v) ~~ORGANIZATION~~of Regulation S-K.

~~Cleartronic, Inc.~~The ~~(the “~~Company”) ~~was~~provided ~~incorporated~~Assurance inwith ~~Florida~~a oncopy ~~November~~of ~~15,~~the ~~1999.~~foregoing ~~All~~disclosure and ~~current~~requested ~~operations~~Assurance ~~are~~to ~~conducted~~furnish ~~through~~ the Company~~’s wholly~~ ~~owned~~with ~~subsidiary,~~a ~~ReadyOp~~letter ~~Communications,~~addressed ~~Inc.~~to ~~(“ReadyOp”),~~the aSecurities ~~Florida~~and ~~corporation~~Exchange ~~incorporated~~Commission onstating ~~September~~whether ~~15,~~it ~~2014.~~agrees ~~ReadyOp~~with ~~facilitates~~ the ~~marketing~~statements ~~and~~made ~~sales~~therein. A copy of ~~subscriptions~~such toletter ~~the~~furnished ~~ReadyOp™~~by ~~and~~Assurance ~~ReadyMed~~is ™filed ~~platforms~~as ~~and~~Exhibit 16.1 to the ~~AudioMate~~form ~~IP gateways~~8-K ~~discussed~~filed ~~below~~by the Company.

~~NOTE 2~~ - ~~SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES~~19-

~~PRINCIPLES~~On February 19, 2024 the Board of Directors of the Company approved the OFengagement ~~CONSOLIDATION~~of M&KCPAS, LLC (“M&K”) as the Company’s independent registered public accounting firm for the audit of the Company’s annual report on Form 10-K for the year ended September 30, 2024.

~~The accompanying~~Audit consolidated financial statements contain the consolidated accounts of Cleartronic, Inc. and its subsidiary, ReadyOp Communications, Inc. All material intercompany transactions and balances have been eliminated.Fees

~~USE~~The aggregate fees billed by Assurance Dimensions for professional services OFrendered ~~ESTIMATES~~for the audit and review of our financial statements for the fiscal year ended September 30, 2023, was $50,000.

~~In preparing~~The ~~the~~aggregate ~~consolidated~~fees ~~financial~~billed ~~statements,~~by ~~management~~Assurance isDimensions ~~required~~for toprofessional ~~make~~services rendered ~~estimates~~for ~~and assumptions that affect~~ the ~~reported~~audit ~~amounts of assets~~ and ~~liabilities~~review as of ~~the~~our ~~date~~financial ofstatements for the ~~balance~~fiscal ~~sheet~~year ~~and~~ended ~~operations~~September ~~for~~30, ~~the~~2024, ~~reporting~~was ~~period~~$38,000.

~~Although these~~The ~~estimates~~aggregate ~~are~~fees ~~based~~billed onby ~~management’s~~M&K ~~knowledge~~CPAs, offor ~~current~~professional ~~events~~services rendered for the audit and ~~actions~~review itof ~~may~~our ~~undertake~~financial instatements for the ~~future,~~fiscal ~~they~~year ~~may~~ended ~~ultimately differ~~September ~~from~~30, ~~actual~~2024, ~~results~~was $45,300.

~~Significant estimates~~Audit ~~include~~Related ~~the assumptions used in valuation of deferred tax assets, estimated useful life of property and equipment, valuation of inventory and allowance for credit losses.~~Fees

~~CASH AND CASH EQUIVALENTS~~None

~~For financial~~Tax ~~statement purposes, the Company considers all highly liquid investments purchased with original maturities of three months or less to be cash equivalents.~~Fees

The ~~Company~~ ~~has~~aggregate ~~investments~~tax ~~Treasury~~fees ~~Bills.~~billed ~~The~~by ~~Treasury~~Webb ~~Bills~~CPA, ~~have~~P.A. ~~remaining~~professional ~~terms~~services ~~ranging~~rendered for ~~from~~tax ~~four-week~~services ~~month~~for tothe ~~thirteen~~fiscal ~~weeks~~year onended September 30, 2024 and 2023 was $1,500 and $1,500, respectively.

~~Treasury Bills with an~~All ~~original~~Other ~~maturity date of three months or less are included within cash and cash equivalents on the balance sheet at September 30, 2023.~~ Fees

~~ACCOUNTS~~There were no other fees billed by M&K CPAS, LLC (“M&K”) ~~RECEIVABLE~~for ~~AND~~professional ~~ALLOWANCE~~services ~~FOR~~rendered ~~CREDIT~~during ~~LOSSES~~the fiscal year ended September 30, 2024, other than as stated under the captions Audit Fees, Audit-Related Fees, and Tax Fees.

~~The Company~~There ~~maintains~~were ~~current~~no ~~receivable~~other ~~amounts~~fees ~~with~~billed ~~most of its customers. The Company regularly monitors and assesses its risk of not collecting amounts owed~~ by ~~customers.~~Assurance ~~This~~Dimensions ~~evaluation is based upon an analysis of current and past due amounts, along with relevant~~(“Assurance”) ~~history~~for ~~and~~professional ~~facts~~services ~~particular~~rendered toduring the ~~customer.~~fiscal ~~The~~year ~~Company~~ended ~~records~~September ~~its~~30, ~~allowance~~2024, ~~for~~other ~~credit~~than ~~losses~~as ~~based~~stated onunder the ~~results~~captions ofAudit ~~this analysis.~~Fees, ~~The~~Audit-Related ~~analysis requires the Company to make significant estimates and as such~~Fees, ~~changes in facts~~ and ~~circumstances~~Tax ~~could result in material changes in the allowance for credit losses~~Fees. ~~The Company considers as past due any receivable balance not collected within its contractual terms.~~

~~The Company~~There ~~provided~~were ~~$63,665 and~~no ~~$18,000 allowances~~other fees billed by Assurance for ~~doubtful~~professional ~~accounts~~services rendered asduring ofthe fiscal years ended September 30, 2024 and 2023, ~~and~~other ~~September~~than 30as stated under the captions Audit Fees, ~~2022~~Audit-Related Fees, ~~respectively~~and Tax Fees.

~~PREPAID EXPENSES~~Audit ~~AND~~Committee ~~OTHER~~Pre-Approval ~~CURRENT~~of ~~ASSETS~~Audit and Permissible Non-Audit Services of Independent Auditors

~~Prepaid expenses~~Given ~~and~~the ~~other~~small ~~current~~size ~~assets~~of ~~consist~~our ~~primarily~~Board, ofour ~~deferred~~Board ~~subscriber~~acts ~~costs~~as ~~and~~our ~~prepaid~~Audit ~~expenses~~Committee. Our ~~Deferred~~Board ~~subscriber~~pre-approves ~~costs~~all ~~totalling $38,250~~ audit and ~~$38,250 at~~permissible ~~September~~non-audit ~~30,~~services. ~~2023~~These ~~and~~services ~~September~~may 30include audit services, ~~2022~~audit-related services, ~~respectively.~~tax ~~Prepaid~~services, ~~expenses~~and ~~totalling~~other ~~$30,272 and~~services. ~~$15,361 at~~Our ~~September~~Board ~~30,~~approves ~~2023~~these ~~and~~services ~~September~~on ~~30,~~a ~~2022, respectively~~case-by-case basis.

~~PROPERTY AND EQUIPMENT~~-20-

~~Property and~~PART equipment are recorded at cost and depreciated or amortized using the straight-line method over the estimated useful life of the asset or the underlying lease term for leasehold improvements, whichever is shorter or when the property and equipment is put into service.IV

~~INTANGIBLE ASSETS~~Item 15. Exhibits, Financial Statement Schedules.

~~The Company’s~~(a) ~~intangible~~All ~~assets~~financial ~~consist~~statements ~~of fees paid to outside consulting services that~~ are ~~assisting~~included us in ~~obtaining~~Item ~~FedRAMP~~8 ~~certification. At September 30, 2023, The Company had intangible assets with a cost~~ of ~~approximately~~this ~~$44,373, with finite lives~~report. The Company amortizes intangible assets with finite lives over the shorter of their estimated useful or legal life. The useful life is reevaluated for each reporting period. For the year ended September 30, 2023, no amortization expense was recorded.

~~The Company~~(b) ~~evaluates~~All ~~intangible~~financial ~~assets~~statement ~~with~~schedules ~~finite~~required ~~lives~~to ~~for~~be ~~impairment~~filed atby ~~least~~Item ~~annually~~8 orof this ~~when~~report ~~events~~and orthe ~~changes~~exhibits contained in ~~circumstances~~this ~~indicate that~~report anare ~~impairment~~included ~~may~~in ~~exist.~~Item ~~The~~8 ~~Company determined that none~~ of ~~its intangible~~this ~~assets were impaired during the year ended September 30, 2023~~report.

~~CONCENTRATION OF~~(c) ~~CREDIT~~The ~~RISK~~following exhibits are attached to this report:

The Company currently maintains cash balances at one FDIC-insured banking institution. Deposits held in non interest-bearing transaction accounts are insured up to a maximum of $250,000 at all FDIC-insured institutions. As of September 30, 2023 and September 30, 2022, the Company had $118,140 and $208,135, respectively, in excess of FDIC insurance limits.

Exhibit No.		Identification of Exhibit
3.1**		Articles of Incorporation, filed as exhibit 3.01 to the registrant’s registration statement on Form SB-2 on July 3, 2006, Commission File Number 333-135585.
3.2**		Articles of Amendment to Articles of Incorporation filed March 12, 2001, filed as exhibit 3.02 to the registrant’s registration statement on Form SB-2 on July 3, 2006, Commission File Number 333-135585.
3.3**		Articles of Amendment to Articles of Incorporation filed October 4, 2004, filed as exhibit 3.03 to the registrant’s registration statement on Form SB-2 on July 3, 2006, Commission File Number 333-135585.
3.4**		Articles of Amendment to Articles of Incorporation filed March 31, 2005, filed as exhibit 3.04 to the registrant’s registration statement on Form SB-2 on July 3, 2006, Commission File Number 333-135585.
3.5**		Articles of Amendment to Articles of Incorporation filed May 9, 2008, filed as exhibit 3.02 to the registrant’s registration statement on Form S-1 on May 28, 2008, Commission File Number 333-135585.
3.6**		Articles of Amendment to Articles of Incorporation filed June 28, 2010, filed as exhibit 3.7 to the registrant’s Form 10-Q on February 14, 2011, Commission File Number 333-135585.
3.7**		Articles of Amendment to Articles of Incorporation filed May 6, 2011, filed as exhibit 3.1 to the registrant’s Form 8-K on May 6, 2011, Commission File Number 333-135585.
3.8**		Articles of Amendment to Articles of Incorporation filed April 19, 2012, filed as exhibit 3.09 to the registrant’s Form 10-Q on May 14, 2012, Commission File Number 333-135585.
3.9**		Articles of Amendment to Articles of Incorporation filed September 7, 2012, filed as exhibit 3.1 to the registrant’s Form 8-K on September 7, 2012, Commission File Number 333-135585.
3.10**		Articles of Amendment to Articles of Incorporation filed September 19, 2012, filed as exhibit 3.1 to the registrant’s Form 8-K on September 19, 2012, Commission File Number 333-135585.
3.11**		Articles of Amendment to Articles of Incorporation filed October 5, 2012, filed as exhibit 3.1 to the registrant’s Form 8-K on October 5, 2012, Commission File Number 333-135585.
3.12**		Articles of Amendment to Articles of Incorporation filed December 28, 2013, filed as exhibit 3.12 to the registrant’s Form 8-K on January 14, 2014, Commission File Number 333-135585.
3.13**		Bylaws, filed as exhibit 3.05 to the registrant’s registration statement on Form SB-2 on July 3, 2006, Commission File Number 333-135585.
3.14**		Amended and Restated Bylaws, filed as exhibit 3.1 to the registrant’s Form 8-K on July 26, 2010, Commission File Number 333-135585.
10.1**		Employment Agreement dated October 5, 2012, between Larry M. Reid and the registrant, filed as exhibit 10.1 to the registrant’s Form 8-K on October 12, 2012, Commission File Number 333-135585.
10.2**		Lease Agreement dated November 30, 2014, between BGNP Associates, LLC and Cleartronic, Inc, filed as Exhibit 10.10 to the registrant’s Form 10-K on January 13, 2015, Commission File Number 000-55329
10.3**		Employment Agreement dated March 13, 2015, between Larry M. Reid and the registrant, filed as Exhibit 10.1 to the registrant’s Form 8-K on March 18, 2015, Commission File Number 000-55329
10.4**		Subscription Agreement between registrant and private accredited investor dated March 31, 2015 for purchase of 278,743 shares of Series D Convertible Preferred stock, filed as exhibit 10.1 to the registrant’s Form 8-K on April 10, 2015, Commission File Number 000-55329
10.5**		Subscription Agreement between registrant and private accredited investor dated March 31, 2015 for purchase of 270,024 shares of Series D Convertible Preferred stock, filed as exhibit 10.2 to the registrant’s Form 8-K on April 10, 2015, Commission File Number 000-55329
10.6**		Subscription Agreement between registrant and private accredited investor dated March 31, 2015 for purchase of 278,743 shares of Series D Convertible Preferred stock, filed as exhibit 10.3 to the registrant’s Form 8-K on April 10, 2015, Commission File Number 000-55329
10.7**		Promissory Note date November 24, 2015 in the original amount of $50,000 issued to Mr. Marc Moore filed as exhibit 10.18 to the registrant’s Form 10-K on January 13, 2016, Commission File 000-55329.
10.8**		Asset Purchase Agreement dated November 29, 2016 between the registrant and Collabria LLC. Filed as an exhibit to the registrant’s Form 8-K on December 5, 2016.
10.9**		Employment Agreement dated November 28, 2016 between the registrant and Mr. Moore.
10.10**		Promissory Note dated September 27, 2017 in the amount of $35,000 issued to Richard Martin.
10.11**		Promissory Note dated October 12, 2017 in the amount of $15,000 issued to Richard Martin
10.12**		Installment Note dated September 30, 2019 in the amount of $75,279 issued to Richard Martin
10.13**		Lease Agreement dated December 1, 2018 , between BGNP Associates, LLC and VoiceInterop, Inc.
10.14**		Promissory Note dated December 2, 2019 in the amount of $50,000 issued to Mr. John F. Marek.
31.1*		Certification of Michael M. Moore, Chief Executive Officer of Cleartronic, Inc., pursuant to 18 U.S.C. §1350, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002.
31.2*		Certification of Larry M. Reid, Chief Financial Officer and Principal Accounting Officer of Cleartronic, Inc., pursuant to 18 U.S.C. §1350, as adopted pursuant to §302 of the Sarbanes-Oxley Act of 2002.
32.1*		Certification of Michael M. Moore, Chief Executive Officer of Cleartronic, Inc., pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002.
32.1*		Certification of Larry M. Reid, Chief Financial Officer and Principal Accounting Officer of Cleartronic, Inc., pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002.
101+		XBRL Instance Document (XBRL tags are embedded within the Inline iXBRL document)

~~RESEARCH AND~~*Filed ~~DEVELOPMENT COSTS~~herewith.

~~The Company~~**Previously ~~expenses research and development costs as incurred~~filed.

For the years ended September 30, 2023 and 2022, the Company had $27,314 and $19,742 respectively, in research and development costs. Salary expenses for the year ended September 30, 2022 were reclassified for consistency with the current year presentation.-21-

~~F-6~~SIGNATURES

~~REVENUE~~In accordance with Section 13 or 15(d) of the Securities Exchange Act of ~~RECOGNITION~~1934, ~~AND~~as ~~DEFERRED~~amended, ~~REVENUES~~the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

~~The Company revenue recognition policy follows guidance from Accounting Standards Codification (“ASC”) 606~~CLEARTRONIC, ~~Revenue from contract with customers~~INC. Revenue is recognized when the Company has transferred promised goods and services to the customer and in the amount that reflects the consideration to which the company expects to be entitled in exchange for those goods and services. The Company applies the following five-step model in order to determine this amount:

~~i. Identification~~Date: ofMarch ~~Contact~~21, ~~with a customer;~~2025

~~ii. Identify~~By ~~the~~/s/ ~~performance~~Michael ~~obligation~~M. ~~of the contract~~Moore

~~iii~~ Michael M. ~~Determine~~ ~~transaction~~Moore, ~~price;~~Chief Executive Officer

~~iv. Allocation~~By of/s/ ~~the~~Larry ~~transaction~~M. ~~price to the performance obligations; and~~Reid

v Larry M. ~~Recognition~~ ofReid, ~~revenue~~Chief ~~when~~Financial ~~(or~~Officer ~~as) the Company satisfies each performance obligation.~~and

~~The Company~~ Principal ~~generates~~Accounting revenue primarily through the sale of software licenses and integrated hardware. The portion of the contract that is associated with ongoing hosting and related customer service is amortized monthly over the license period. The Company incurs certain incremental contract costs (referred to as deferred subscriber acquisition costs, net) including selling expenses (primarily commissions) related to acquiring customers. Deferred subscriber acquisition costs, net are included in prepaid and expenses and other current assets on the consolidated balance sheet. Commissions paid in connection with acquiring new customers are determined based on the value of the contractual fees. Deferred subscriber acquisition costs will be expensed as incurred on the date the revenue associated with the cost is recognized.Officer

~~In transactions~~Pursuant ~~in which hardware is sold~~ to ~~a customer,~~ the ~~Company~~requirements ~~recognizes~~of the ~~revenue~~Securities ~~when~~Exchange ~~the~~Act ~~hardware~~of ~~has~~1934, ~~been~~as amended, ~~shipped~~this toreport ~~the~~has ~~customer. The~~been ~~hardware~~signed ~~supplied~~ by the ~~Company~~following ~~does~~persons ~~not~~on ~~require~~behalf aof ~~related~~the ~~software~~registrant ~~license~~ and ~~can~~in bethe ~~operated~~capacities and ~~fully~~on ~~functional without~~ the ~~Company’s~~ ~~software~~dates indicated.

~~From time~~Date: toMarch ~~time~~21, ~~clients request special training meetings. We send employees to these meeting and charge our clients on a per diem basis. These charges are recorded as consulting fees on our income statement.~~2025

~~Customer billings~~By ~~for~~/s/ ~~services~~Michael ~~not yet rendered are deferred and recognized as revenue as services are provided~~M. These fees are recorded as current deferred revenue on the consolidated balance sheet as the Company expects to satisfy any remaining performance obligations as well as recognize the related revenue within the next twelve months. Accordingly, the Company has applied the practical expedient regarding deferred revenue to exclude the value of remaining performance obligations if (i) the contract has an original expected term of one year or less or (ii) the Company recognizes revenue in proportion to the amount it has the right to invoice for services performed. As of September 30, 2023 and September 30, 2022, respectively, the Company recorded $1,177,680 and $1,125,511, respectively, in deferred revenue.Moore

~~DISAGGREGATED REVENUE~~ Michael M. Moore, Chief Executive Officer

~~The following~~By ~~table~~/s/ ~~sets~~Larry ~~forth~~M. ~~the approximate net sales by primary category:~~Reid

Schedule of disaggregated revenue
	For the years ended
	September 30, 2023		September 30, 2022
Licensing of ReadyOp Software	$	2,022,550	$	1,818,035
Hardware Sales and Consulting		109,405		199,528
Total	$	2,131,955	$	2,017,563

Larry M. Reid, Chief Financial Officer and

~~DEFERRED REVENUE~~ Principal Accounting Officer

~~The following table provides a summary of the changes included in deferred revenue during the year ended September 30, 2023 and September 30, 2022:~~-22-

Schedule of deferred revenue
	For the year ended September 30, 2023			For the year ended September 30, 2022
Beginning balance	$	1,125,511		$	1,131,796
Additions to deferred liability (1)		2,184,124			2,011,278
Deductions to deferred liability (2)		(2,131,955	)		(2,017,563	)
Ending balance	$	1,177,680		$	1,125,511

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (PCAOB ID 2738)

(1)		Customer billings for services not yet rendered
(2)		Revenue recognized in the current year related to the deferred liability

To the Board of Directors and Stockholders of Cleartronic, Inc.

~~EARNINGS PER~~Opinion ~~SHARE~~on the Consolidated Financial Statements

~~Earnings per~~We ~~share~~have ~~(“EPS”)~~audited ~~are~~ the ~~amount~~accompanying ofconsolidated ~~earnings~~balance ~~attributable~~sheet ~~to each share~~ of ~~common stock~~Cleartronic, Inc. ~~For convenience,~~ (the ~~term~~Company) isas ~~used to~~of ~~refer~~September to30, ~~either~~2024, ~~earnings~~and orthe ~~loss~~related ~~per~~consolidated ~~share.~~statements ~~EPS~~of isoperations, ~~computed~~stockholders’ ~~pursuant~~equity to(deficit), and ~~section~~cash ~~260-10-45~~flows offor the ~~FASB~~year ~~Accounting~~ended ~~Standards~~September ~~Codification. Pursuant to ASC Paragraphs 260-10-45-10 through 260-10-45-16~~30, ~~basic~~2024 ~~EPS~~and ~~shall~~the berelated ~~computed~~notes by(collectively ~~dividing~~referred ~~income available~~ to ~~common~~as ~~stockholders (~~the ~~numerator~~financial statements). byIn our opinion, the ~~weighted-average~~financial ~~number~~statements ofpresent ~~common~~fairly, ~~shares~~in ~~outstanding~~all ~~(the~~material ~~denominator)~~respects, ~~during~~ the ~~period.~~financial ~~Income~~position ~~available~~of ~~to common~~the ~~stockholders~~Company ~~shall~~as beof ~~computed~~September 30, by2024, ~~adding~~and ~~both~~ the ~~dividends~~results ~~declared~~of inits ~~the~~operations ~~period on preferred stock (whether or not paid)~~ and ~~the~~ ~~dividends~~its ~~accumulated~~cash flows for the ~~period~~year onended ~~cumulative~~September ~~preferred~~30, ~~stock~~2024, ~~(whether~~in orconformity ~~not~~with ~~earned)~~accounting ~~from income from continuing operations~~principles ~~(if~~generally ~~that~~accepted ~~amount appears~~ in the ~~income~~United ~~statement)~~States ~~and~~of ~~also from net income~~America. The ~~computation~~consolidated offinancial ~~diluted~~statements ~~EPS is similar to the computation~~ of ~~basic~~Cleartronic, ~~EPS~~Inc. ~~except~~as ~~that the denominator is increased to include the number~~ of ~~additional~~September ~~common~~30, ~~shares that would have been outstanding~~2023 ifwere ~~the~~audited ~~dilutive~~by ~~potential~~other ~~common~~auditors ~~shares~~whose ~~had~~report ~~been~~dated ~~issued~~December ~~during~~21, ~~the~~2023 ~~period~~expressed toan ~~reflect~~unqualified ~~the~~opinion ~~potential~~on ~~dilution~~those ~~that could occur from common shares issuable through contingent shares issuance arrangement, stock options or warrants~~statements.

~~Pursuant to~~Basis ~~ASC~~for Paragraphs 260-10-45-45-21 through 260-10-45-45-23 Diluted EPS shall be based on the most advantageous conversion rate or exercise price from the standpoint of the security holder. The dilutive effect of outstanding call options and warrants (and their equivalents) issued by the reporting entity shall be reflected in diluted EPS by application of the treasury stock method unless the provisions of paragraphs 260-10-45-35 through 45-36 and 260-10-55-8 through 55-11 require that another method be applied. Equivalents of options and warrants include non-vested stock granted to employees, stock purchase contracts, and partially paid stock subscriptions (see paragraph 260–10–55–23). Anti-dilutive contracts, such as purchased put options and purchased call options, shall be excluded from diluted EPS. Under the treasury stock method: a. Exercise of options and warrants shall be assumed at the beginning of the period (or at time of issuance, if later) and common shares shall be assumed to be issued. b. The proceeds from exercise shall be assumed to be used to purchase common stock at the average market price during the period. (See paragraphs 260-10-45-29 and 260-10-55-4 through 55-5.) c. The incremental shares (the difference between the number of shares assumed issued and the number of shares assumed purchased) shall be included in the denominator of the diluted EPS computation.Opinion

As These financial statements are the responsibility of ~~September~~the ~~30,~~Company’s management. ~~2023~~Our responsibility is to express an opinion on the Company’s financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and ~~2022,~~are werequired ~~had~~to nobe ~~options~~independent with respect to the Company in accordance with the U.S. federal securities laws and ~~warrants~~the ~~outstanding~~applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

AsWe conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of ~~September~~material 30misstatement, ~~2023~~whether ~~and~~due ~~2022~~to error or fraud. The Company is not required to have, nor were we ~~had~~engaged ~~512~~to perform,~~996~~ an ~~shares~~audit of ~~Series~~its Ainternal ~~Convertible~~control ~~Preferred~~over ~~stock outstanding~~financial reporting. As part of our audit, ~~which~~we are ~~convertible~~required ~~into~~to ~~51,299,600~~obtain an understanding of internal ~~shares~~control over financial reporting, but not for the purpose of ~~common~~expressing ~~stock~~an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

~~F-7~~Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

~~As of~~Critical ~~September~~Audit 30, 2023 and 2022, we had 3,133,503 and 3,341,503 shares of Series C Convertible Preferred stock outstanding, respectively, which are convertible into 15,947,515 and 16,707,515 shares of common stock, respectively.Matter

AsThe critical audit matter communicated below is a matter arising from the current period audit of ~~September~~the ~~30,~~financial ~~2023~~statements that were communicated or required to be communicated to the audit committee and that: ~~2022,~~(1) werelate ~~had~~to ~~670~~accounts or disclosures that are material to the financial statements and (2) involved our especially challenging,~~904~~ ~~shares~~subjective, or complex judgments. The communication of ~~Series~~the Dcritical ~~Preferred~~audit ~~stock~~matter ~~outstanding~~does not alter in any way our opinion on the financial ~~which~~statements, ~~are~~taken ~~convertible~~as ~~into~~a 3whole,~~354~~ and we are not,~~520~~ by communicating the critical audit matter below, providing separate opinions on the critical ~~shares~~audit ofmatter ~~common~~or ~~stock~~on the accounts or disclosures to which it relates.

~~As of~~Intangibles ~~September 30, 2023~~ and ~~2022,~~Other ~~we had 3,000,000 shares of Series E Convertible Preferred stock outstanding which are convertible into 300,000,000 shares of common stock.~~Assets

~~The table~~As ~~below~~discussed ~~details~~in Note 2 to the ~~computation~~consolidated offinancial ~~basic~~statements, ~~and~~the Company ~~diluted~~capitalizes ~~earnings~~intangible ~~per~~assets ~~share~~related ~~(“EPS”)~~to software improvements for the ~~years~~FedRamp ~~ended~~system ~~September~~qualification ~~30,~~and ~~2023~~for an asset acquisition ~~and~~of ~~2022:~~a customer list.

Schedule of diluted earnings per share
	For the year ended September 30, 2023		For the year ended September 30, 2022
Net income attributable to common stockholders for the period	$	15,518	$	359,858
Weighted average number of shares outstanding		228,786,339		228,239,979
Basic earnings per share	$	0.00	$	0.00

Auditing management’s evaluation of the value and impairment consideration of these intangible assets can be a significant judgement given the fact that the Company uses managements estimates on future revenues, which are difficult to substantiate.

~~The~~To evaluate the appropriateness of management’s forecasts, we ~~following~~evaluated ~~table~~the ~~sets~~key ~~for~~factors and assumptions used by management as well as the ~~computation~~historical oftrends ~~diluted~~in ~~earnings~~revenue ~~per~~and ~~share:~~customer trends in determining that they are reasonable in relation to the financial statements taken as a whole.

Schedule of computation of diluted earnings per share
	For the year ended September 30, 2023		For the year ended September 30, 2022
Net income attributable to common stockholders for the period	$	15,518	$	359,858
Add: Preferred stock dividends		41,038		41,037
Adjusted net income	$	56,556	$	400,895
Weighted average number of shares outstanding		228,786,339		228,239,979
Add: Shares issued upon conversion of preferred stock		370,321,635		371,361,635
Weighted average number of common and common equivalent shares		599,107,974		599,601,614
Diluted earnings per share	$	0.00	$	0.00

/s/ M&K CPAS, PLLC

~~FAIR VALUE~~We OFhave ~~FINANCIAL~~served ~~INSTRUMENTS~~as the Company’s auditor since 2024.

The ~~Company~~ ~~measures the fair value of its assets and liabilities under ASC topic 820~~Woodlands, “Fair Value Measurements and Disclosures”. ASC 820 defines “fair value” as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There was no impact relating to the adoption of ASC 820 to the Company’s consolidated financial statements.TX

~~ASC 820~~March ~~also~~21, ~~describes three levels of inputs that may be used to measure fair value:~~2025

F- ~~Level~~ 1~~: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities traded in active markets.~~

~~- Level~~REPORT 2:OF ~~Inputs~~INDEPENDENT ~~other~~REGISTERED ~~than~~PUBLIC ~~quoted~~ACCOUNTING FIRM ~~prices~~(PCAOB ~~included~~ID ~~within Level 1 that are observable for the asset or liability, either directly or indirectly.~~5036)

~~- Level~~To 3:the ~~Inputs~~Board ~~that~~of ~~are~~Directors ~~generally~~and ~~observable.~~Stockholders ~~These inputs may be used with internally developed methodologies that result in management’s best estimate~~ of ~~fair~~Cleartronic, ~~value~~Inc.

~~Financial instruments~~Opinion ~~consist~~on ~~principally of cash, accounts receivable, prepaid expenses and other current assets, accounts payable, accrued expenses and deferred revenue. The carrying amounts of such financial instruments in~~ the ~~accompanying~~Financial consolidated balance sheet approximate their fair values due to their relatively short-term nature. The carrying amounts approximate fair value. It is management’s opinion that the Company is not exposed to any significant currency or credit risks arising from these financial instruments.Statements

AsWe have audited the accompanying consolidated balance sheet of Cleartronic, Inc. (the Company) as of September 30, 2023, and ~~2022~~the related consolidated statements of operations, wechanges ~~held~~in nostockholders’ ~~assets~~deficit, and ~~that~~cash ~~were~~flow ~~required~~for tothe beyear ~~measured~~ended atSeptember ~~fair~~30, ~~value~~2023, onand athe ~~recurring~~related ~~basis.~~notes ~~There~~(collectively ~~were~~referred noto as the “financial statements”). ~~transfers~~In ~~between~~our ~~levels~~opinion, the financial statements present fairly, in all material respects, the ~~fair~~financial ~~value~~position ~~hierarchy~~of ~~during~~the ~~fiscal~~Company as of September 30, 2023, and ~~2022~~the results of its operations and its cash flows year ended September 30, ~~respectively~~2023, in conformity with accounting principles generally accepted in the United States of America.

~~INVENTORY~~Basis for Opinion

~~Inventory consists~~These offinancial ~~components~~statements ~~held~~are ~~for~~the ~~assembly~~responsibility ~~and~~of ~~finished~~the ~~goods~~Company’s management. ~~held~~Our ~~for~~responsibility ~~resale~~is or to beexpress ~~utilized~~an ~~for~~opinion ~~installation~~on inthe ~~projects.~~Company’s ~~Inventory is~~financial ~~valued~~statements atbased ~~lower of cost or net realizable value~~ on aour ~~first-in, first-out basis~~audit. ~~The~~We ~~Company’s~~are ~~policy~~a ispublic accounting tofirm ~~record~~registered awith ~~reserve~~the ~~for technological~~Public ~~obsolescence~~Company orAccounting ~~slow-moving~~Oversight ~~inventory~~Board ~~items.~~(United ~~The~~States) ~~Company~~(PCAOB) ~~only~~and ~~carries~~are ~~finished~~required ~~goods~~ to be ~~shipped along~~ independent with ~~completed circuit~~respect ~~boards~~to ~~and~~the ~~parts~~Company ~~necessary~~in ~~for~~accordance ~~final~~with ~~assembly~~the ~~of finished product~~U.S. ~~All~~federal ~~existing~~securities ~~inventory~~laws ~~is considered current~~ and ~~usable.~~the ~~The Company~~applicable ~~recorded~~rules noand ~~reserve~~regulations ~~for obsolete inventory as~~ of ~~September~~the ~~30, 2023~~ Securities and ~~September~~Exchange ~~30,~~Commission ~~2022,~~and ~~respectively~~the PCAOB.

AtWe conducted our audit in accordance with the standards of the PCAOB. ~~September~~Those 30standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, ~~2023~~whether ~~inventory~~due ~~was~~to ~~$21~~error or fraud. The Company is not required to have,~~913~~ nor were we engaged to perform, an audit of ~~raw~~its ~~materials~~internal control over financial reporting. As part of our audit, we are required to obtain an understanding of internal control over financial reporting, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

AtOur audit included performing procedures to assess the risks of material ~~September~~misstatement 30of the financial statements, ~~2022~~whether due to error or fraud, ~~inventory~~and ~~was~~performing ~~$21~~procedures that respond to those risks. Such procedures included examining,~~097~~ on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of ~~raw~~the ~~materials~~financial statements. We believe that our audit provide a reasonable basis for our opinion.

~~ADVERTISING COSTS~~Critical Audit Matters

~~Advertising~~The critical audit matters communicated below are matters arising from ~~costs~~the current period audit of the financial statements that were communicated or required to be communicated to the audit committee and that: (1) relate to accounts or disclosures that are ~~expensed~~material asto ~~incurred~~the financial statements and (2) involved our especially challenging, subjective, or complex judgments. The ~~Company~~communication ~~had~~of ~~advertising~~critical ~~costs~~audit ofmatters ~~$95~~does not alter in any way our opinion on the financial statements,~~373~~ taken as a whole, and ~~$51~~we are not,~~318 during~~ by communicating the ~~years~~critical ~~ended~~audit ~~September~~matters 30below, ~~2023~~providing ~~and~~separate opinions on the critical audit ~~2022,~~matters ~~respectively~~or on the accounts or disclosures to which they relate.

~~F-8~~Valuation of accounts receivable

~~RECENT ADOPTED~~Description ~~ACCOUNTING~~of ~~PRONOUNCEMENTS~~the Matter

~~Troubled~~As described in Note 2 to the consolidated financial statements, the ~~Debt~~Company ~~Restructurings~~provides an allowance for credit losses based upon a periodic review and ~~Vintage~~analysis ~~Disclosures~~of outstanding accounts receivable balances. Uncollectible receivables are charged to the allowance when deemed uncollectible. Recoveries of accounts previously written off are used to credit the allowance account in the periods in which the recoveries are made.

~~In March~~How ~~2022,~~We ~~the~~addressed ~~Financial Accounting Standards Board (~~the ~~“FASB”)~~Matter issued ASU 2022-02, Financial Instruments – Credit Losses (Topic 326): Troubled Debt Restructurings and Vintage Disclosures (“ASU 2022-02”), which eliminates the accounting guidance on troubled debt restructurings (“TDRs”) for creditors in ~~ASC~~our 310, Receivables (Topic 310), and requires entities to provide disclosures about current period gross write-offs by year of origination. Also, ASU 2022-02 updates the requirements related to accounting for credit losses under ASC 326, Financial Instruments – Credit Losses (Topic 326), and adds enhanced disclosures for creditors with respect to loan refinancings and restructurings for borrowers experiencing financial difficulty. ASU 2022-02 was effective for the Company October 1, 2022. The adoption of ASU 2022-02 did not have a material impact on the Company’s consolidated financial statements.Audit

~~RECENT~~The primary procedures performed included evaluating the methodologies ~~ISSUED~~used ~~ACCOUNTING~~in ~~PRONOUNCEMENTS~~the determination of allowance for credit losses and reviewing historical data, collections and other inputs used by the Company as well as subsequent collections. Based on our procedures we deemed the Company’s treatment of accounts receivable and the corresponding allowance for credit losses to be appropriate as of September 30, 2023.

~~The Company~~We ~~continues to monitor new accounting pronouncements issued by the FASB and does not believe any accounting pronouncements issued through the date of this report will~~ have aserved ~~material~~as ~~impact on~~ the Company’s ~~Financial~~auditor since ~~Statements~~2022.

~~In the current year~~Margate, the Company adjusted its classification of selling and administrative expenses in the Statement of Operations. For comparative purposes, amounts in the prior years have been reclassified to conform to current year presentations. These reclassifications had no effect on previously reported results of operations or retained earnings. Florida

~~LEASE ACCOUNTING~~December 21, 2023

We determine if an arrangement is a lease, or contains a lease, at inception and record the leases in our financial statements upon lease commencement, which is the date when the underlying asset is made available for use by the lessor.F-2

We have a lease agreement with lease and non-lease components and have elected to utilize the practical expedient to account for lease and non-lease components together as a single combined lease componentCLEARTRONIC, ~~from both a lessee and lessor perspective with the exception of direct sales-type leases and production equipment classes embedded in supply agreements~~INC. ~~From~~AND a lessor perspective, the timing and pattern of transfer are the same for the non-lease components and associated lease component and, the lease component, if accounted for separately, would be classified as an operating lease.SUBSIDIARIES

~~We have~~CONSOLIDATED ~~elected~~BALANCE not to present short-term leases on the balance sheet as these leases have a lease term of 12 months or less at lease inception and do not contain purchase options or renewal terms that we are reasonably certain to exercise. All other lease assets and lease liabilities are recognized based on the present value of lease payments over the lease term at commencement date. Because our lease does not provide an implicit rate of return, we used our incremental borrowing rate based on the information available at lease commencement date in determining the present value of lease payments.SHEETS

In general, leases, where we are the lessee, may include options to extend the lease term. These leases may include options to terminate the lease prior to the end of the agreed upon lease term. For purposes of calculating lease liabilities, lease terms include options to extend or terminate the lease when it is reasonably certain that we will exercise such options.


ASSETS
	September 30, 2024			September 30, 2023
Current assets:
Cash and cash equivalents	$	849,727		$	516,955
Accounts receivable, net of an allowance for credit losses of $60,665 as of September 30, 2024 and $63,665 as of September 30, 2023		230,686			545,573
Inventory		41,532			21,913
Prepaid expenses and other current assets		82,196			68,522
Interest receivable - related party		-			2,724
Total current assets		1,204,141			1,155,687

Property and Equipment, net		40,832			16,526
Intangible Assets, net		-			44,373
Intangible Asset - customer list, net		48,333			-

Operating lease - right-of-use asset		5,983			29,914

Other assets:
Due from related party		-			53,302
Total other assets		-			53,302
Total assets	$	1,299,289		$	1,299,802

LIABILITIES AND STOCKHOLDERS’ DEFICIT (EQUITY)
Current liabilities:
Accounts payable and accrued expenses	$	121,889		$	85,858
Deferred revenue, current portion		1,373,325			1,105,580
Operating lease liability		6,506			24,580
Total current liabilities		1,501,720			1,216,018

Long term liabilities:
Deferred revenue, net of current portion		-			72,100
Operating lease liability - long term		-			6,507
Total long term liabilities		-			78,607

Total liabilities		1,501,720			1,294,625

Commitments and Contingencies (See Note 6)

Stockholders’ equity:
Series A preferred stock - $.00001 par value; 1,250,000 shares authorized, 512,996 issued and outstanding, respectively.		5			5
Series B preferred stock - $.00001 par value; 10 shares authorized, 0 shares issued and outstanding, respectively.		-			-
Series C preferred stock - $.00001 par value; 50,000,000 shares authorized, 3,133,503 and 3,133,503 shares issued and outstanding, respectively.		32			32
Series D preferred stock - $.00001 par value; 10,000,000 shares authorized, 670,904 shares issued and outstanding, respectively.		7			7
Series E preferred stock - $.00001 par value, 10,000,000 shares authorized, 3,000,000 shares issued and outstanding, respectively.		30			30
Common stock - $.00001 par value; 5,000,000,000 shares authorized, 229,160,695 and 229,160,695, shares issued and outstanding, respectively.		2,291			2,291
Additional paid-in capital		15,240,104			15,240,104
Accumulated Deficit		(15,444,900	)		(15,237,292	)
Total stockholders' deficit (equity)		(202,431	)		5,177
Total liabilities and stockholders' deficit (equity)	$	1,299,289		$	1,299,802

~~Lease expense~~The ~~for~~accompanying ~~operating~~notes ~~leases~~are isan ~~recognized~~integral onpart ~~a straight-line basis over the lease term as cost~~ of ~~revenues or operating expenses depending~~these onconsolidated ~~the~~financial nature of the leased asset. Certain operating leases provide for annual increases to lease payments based on an index or rate. We calculate the present value of future lease payments based on the index or rate at the lease commencement date.statements

Differences between the calculated lease payment and actual payment are expensed as incurred. Amortization of finance lease assets is recognized over the lease term as cost of revenues or operating expenses depending on the nature of the leased asset.F-3

~~On December 2~~CLEARTRONIC, ~~2022, and effective on January 1, 2023, the Company signed a two-year lease of 1,145 square feet for our principal offices in Clearwater, Florida~~INC. ~~The~~AND ~~monthly rent is $2,134 in year one and increases to $2,198 in year two. The lease expires on December 31, 2024.~~SUBSIDIARIES

~~The tables~~CONSOLIDATED ~~below~~STATEMENTS ~~present~~OF ~~information regarding the Company’s operating lease assets and liabilities at September 30, 2023:~~OPERATIONS

Schedule of operating lease assets and liabilities
	For the Year Ended September 30, 2024			For the Year Ended September 30, 2023
	September 30, 2023			September 30, 2022
Revenue	$	3,126,148		$	2,131,955
Assets
Cost of Revenue		866,402			435,529
Operating lease -right-of-use assets-non-current	$	29,914		$	-
Gross Profit		2,259,746			1,696,426
Liabilities
Operating Expenses:
Operating lease liability	$	31,087		$	-
Selling expenses		287,676			306,132
Weighted-average remaining lease term (years)		1.25			-
Administrative expenses		2,074,139			1,303,980
Weighted-average discount rate		8	%		-
Depreciation and amortization expense		9,496			5,051
The componets of lease expense were as follows:
Research and development		189,022			27,314
Operating lease cost
Total Operating Expenses		2,560,333			1,642,477
Amorization on right-of-use operating lease asset	$	17,949		$	-
Gain on the settlement of accounts payable		42,941			-
Lease liability expense in connection with obligation repayment		2,429			-
Note and interest receivable - related party write off		(58,891	)		-
Total operating lease costs	$	20,378		$	-
Interest income/expense, net		44,412			2,607
Supplemental cash outflows information related to operation lease was as follows:
Total Other Income/(Expenses)		28,462			2,607
Operating cash outflows from operating lease (obligation payment)	$	19,206		$	-
(Loss) income before income taxes		(272,125	)		56,556
Right-of-use asset obtained in exchange for new operating lease liability	$	47,863		$	-
Provision for income taxes from continuing operations		-			-
Net (Loss) income		(272,125	)		56,556
Preferred stock dividends Series A Preferred		(41,148	)		(41,038	)
Net (loss) income attributable to common stockholders	$	(313,273	)	$	15,518
Net (loss) income per common share - basic	$	(0.00	)	$	0.00
Net (loss) income per common share - diluted	$	(0.00	)	$	0.00
Weighted Average of number of shares outstanding - basic		229,160,695			228,786,339
Weighted Average of number of shares outstanding - diluted		229,160,695			599,107,974

~~At September~~The ~~30,~~accompanying ~~2023,~~notes ~~the~~are ~~Company~~an ~~has~~integral nopart ~~financing~~of ~~leases~~these consolidated asfinancial ~~defined in ASC 842, “Leases.”~~statements

F-94

~~Future minimum~~CLEARTRONIC, ~~lease~~INC. ~~payments~~AND ~~required under leases that have initial or remaining non-cancelable lease terms in excess of one year at September 30, 2023:~~SUBSIDIARIES

Schedule of future minimum lease payments required under leases
2024	$	26,184
2025		6,594
Total undiscounted cash flows		32,778
Less: amount representing interest		(1,691	)
Present value of operating lease liability		31,087
Less: current portion of operation lease liability		24,580
Long-term operating lease liability	$	6,507

CONSOLIDATED STATEMENTS OF CASH FLOW

NOTE 3 – PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS


	For the Year			For the Year
	Ended			Ended
	September 30, 2024			September 30, 2023
NET (LOSS) INCOME	$	(272,125	)	$	56,556
Cash Flows From Operating Activities
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization expense		9,496			5,051
Amortization of operating lease - right-of-use asset		23,931			17,949
Gain on the settlement of accounts payable		(42,941	)		-
Provision for credit losses		20,000			97,994
Impairment of intangible asset		44,373			-
(Increase) decrease in liabilities:
Note and interest receivable - related party write off		58,891			-
Accounts receivable		359,404			(105,537	)
Inventory		(19,619	)		(816	)
Prepaid expenses and other current assets		(16,539	)		(17,635	)
(Increase) decrease in liabilities:
Accounts payable		78,972			10,640
Deferred revenue		195,645			52,169
Operating lease liability		(24,581	)		(16,776	)
Net Cash Provided by Operating Activities		414,907			99,595

Cash Flows From Investing Activities
Purchase of fixed assets		(32,135	)		(6,434	)
Purchase of intangible assets		-			(44,373	)
Purchase of intangible asset - customer list		(50,000	)		-
Net Cash Used in Investing Activities		(82,135	)		(50,807	)

Cash Flows From Financing Activities		-			-

Net increase in cash		332,772			48,788

Cash at beginning of year		516,955			468,167

Cash at end of year	$	849,727		$	516,955


SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest	$	-		$	117
Cash paid for taxes	$	-		$	400

Supplemental disclosure of non-cash investing and financing activities:
Series C Convertible Preferred shares exchanged for common stock	$	-		$	10
Right-of-use asset obtained in exchange for operating lease liability	$	-		$	47,863
Prior Period Adjustment	$	64,517		$	-

~~At September~~The ~~30,~~accompanying ~~2023~~notes ~~and~~are ~~September~~an ~~30,~~integral ~~2022,~~part ~~property~~of ~~and~~these consolidated ~~equipment,~~financial ~~net, is as follows:~~statements

Schedule of property and equipment net
	For the year ended September 30, 2023			For the year ended September 30, 2022
Office Equipment	$	28,040		$	21,605
Less: Accumulated Depreciation		(11,514	)		(6,463	)
Total Property and Equipment, net	$	16,526		$	15,142

F-5

~~At September 30~~CLEARTRONIC, ~~2023~~INC. ~~and~~AND ~~September 30, 2022, intangible assets, net, is as follows:~~SUBSIDIARIES

Schedule of intangible assets
	For the year ended September 30, 2023		For the year ended September 30, 2023
Intangible Assets		44,373		-
Total Intangible Assets, net	$	44,373	$	-

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY/(DEFICIT)

~~Depreciation and~~FOR ~~amortization~~THE ~~expense~~YEARS ~~for~~ENDED ~~the~~SEPTEMBER ~~years ended September~~ 30, ~~2023~~2024 ~~and~~AND ~~2022, was $5,051 and $3,732, respectively.~~2023

NOTE 4 - EQUITY TRANSACTIONS


	Series A Preferred Stock				Series B Preferred Stock				Series C Preferred Stock						Series D Preferred Stock				Series E Preferred Stock				Common Stock				Additional Paid-in			Accumulated			Stockholders’ Equity
	Shares		Amount		Shares		Amount		Shares			Amount			Shares		Amount		Shares		Amount		Shares		Amount		capital			Deficit			(Deficit)
Balance at September 30, 2022		512,996	$	5		-	$	-		3,341,503		$	34			670,904	$	7		3,000,000	$	30		228,120,695	$	2,281	$	15,240,112		$	(15,293,848	)	$	(51,379	)

Series C Convertible Preferred shares exchanged for common stock		-		-		-		-		(208,000	)		(2	)		-		-		-		-		1,040,000		10		(8	)		-			-

Net income for the year ended September 30, 2023		-		-		-		-		-			-			-		-		-		-		-		-		-			56,556			56,556

Balance at September 30, 2023		512,996		5		-		-		3,133,503			32			670,904		7		3,000,000		30		229,160,695		2,291		15,240,104			(15,237,292	)		5,177

Prior period adjustment (See Note 2)		-		-		-		-		-			-			-		-		-		-		-		-		-			64,517			64,517

Net loss for the year ended September 30, 2024		-		-		-		-		-			-			-		-		-		-		-		-		-			(272,125	)		(272,125	)

Balance at September 30, 2024		512,996	$	5		-	$	-		3,133,503		$	32			670,904	$	7		3,000,000	$	30		229,160,695	$	2,291	$	15,240,104		$	(15,444,900	)	$	(202,431	)

~~Preferred~~The accompanying notes are an integral part of these ~~Stock~~consolidated ~~Dividends~~financial statements

As of September 30, 2023 and September 30, 2022, the cumulative arrearage of undeclared dividends for Series A Preferred stock totaled $205,658 and $165,144, respectively and $41,038 for the year ended September 30, 2023.F-6

~~As of the date of this report~~CLEARTRONIC, ~~we have 200,000,000 authorized shares of preferred stock, par value $0~~INC.~~00001 per~~ ~~share,~~AND ofSUBSIDIARY ~~which 7,373,403 shares were issued and outstanding. There are currently 5 series of preferred stock designated as follows:~~

●Notes ~~1,250,000~~to ~~shares~~Consolidated ~~have~~Financial been designated as Series A Preferred Stock, 512,996 of which are issued and outstanding; ● 10 shares have been designated as Series B Preferred Stock, none of which is issued and outstanding; ● 50,000,000 shares have been designated as Series C Preferred Stock, 3,133,503 of which are issued and outstanding; and ● 10,000,000 shares have been designated Series D Preferred stock, of which 670,904 are issued and outstanding; and ● 10,000,000 shares have been designated Series E Preferred stock, of which 3,000,000 are issued and outstanding.Statements

~~Pursuant to~~September ~~our~~30, ~~Articles~~2024 ofand ~~Incorporation establishing our preferred stock:~~2023

●NOTE A holder of shares of the Series A Preferred Stock is entitled to the number of votes equal to the number of shares of the Series A Preferred Stock held by such holder multiplied by one on all matters submitted to a vote of our stockholders. Each one share of our Series A Preferred Stock shall be convertible into 100 shares of our common stock. Each holder of Series A Preferred Stock is entitled to receive cumulative dividends at the rate of 8% of $1~~.00~~ ~~per~~- annum on each outstanding share of Series A Preferred Stock then held by such holder, on a pro rata basis. ● A holder of shares of the Series B Preferred Stock is entitled to one vote per share on all matters submitted to a vote of our stockholders. If at least one share of Series B Preferred Stock is issued and outstanding, then the total aggregate issued shares of Series B Preferred Stock at any given time, regardless of their number, shall have voting rights equal to two times the sum of the total number of shares of our common stock which are issued and outstanding at the time of voting, plus the total number of shares of any shares of our preferred stock which are issued and outstanding at the time of voting. A holder of shares of the Series B Preferred Stock shall have no conversion rights or rights to dividends. ● A holder of shares of the Series C Preferred Stock is entitled to the number of votes equal to the number of shares of the Series C Preferred Stock held by such holder multiplied by 5 on all matters submitted to a vote of our stockholders. In addition, the holders of our Series C Preferred Stock shall be entitled to receive dividends when, as and if declared by the Board of Directors, in its sole discretion. No dividends have been declared. Finally, each one share of our Series C Preferred Stock shall be convertible into five shares of our common stock. ● A holder of shares of the Series D Preferred Stock is entitled to the number of votes equal to the number of shares of the Series D Preferred Stock held by such holder multiplied by 5 on all matters submitted to a vote of our stockholders. In addition, the holders of our Series D Preferred Stock shall be entitled to receive dividends when, as and if declared by the Board of Directors, in its sole discretion. No dividends have been declared. Finally, each one share of our Series D Preferred Stock shall be convertible into five shares of our common stock. ● A holder of shares of the Series E Preferred Stock is entitled to the number of votes equal to the number of shares of the Series E Preferred Stock held by such holder multiplied by 100 on all matters submitted to a vote of our stockholders. In addition, the holders of our Series E Preferred Stock shall be entitled to receive dividends when, as and if declared by the Board of Directors, in its sole discretion. No dividends have been declared. Finally, each one share of our Series E Preferred Stock shall be convertible into 100 shares of our common stock.ORGANIZATION

~~Common~~Cleartronic, Inc. (the “Company”) was incorporated in Florida ~~stock~~on ~~issued~~November ~~for~~15, ~~Conversion~~1999. All current operations are conducted through the Company’s wholly owned subsidiary, ReadyOp Communications, Inc. (“ReadyOp”), a Florida corporation incorporated on September 15, 2014. ReadyOp facilitates the marketing and sales of subscriptions Cto ~~Preferred~~the ReadyOp™ and ReadyMed ™ platforms and the AudioMate IP gateways discussed below.

~~During the~~The ~~year~~Company’s ~~ended~~fiscal ~~September~~year ~~30,~~end ~~2023,~~is ~~the~~September ~~holder of Series C preferred stock, converted 208,000 shares of Series C Preferred Stock into 1,040,000 shares of Common Stock at the stated conversion rate with no gain or loss recognized~~30.

FNOTE 2 -10 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

~~Cancellation of~~PRINCIPLES ~~Shares~~OF CONSOLIDATION

~~During the~~The ~~year~~accompanying ~~ended~~consolidated ~~September~~financial ~~30,~~statements ~~2022,~~contain the ~~Company~~consolidated accounts ~~canceled~~of anCleartronic, ~~aggregate~~Inc. ~~of 458,300 shares of~~and its ~~common~~subsidiary, ~~stock~~ReadyOp ~~due~~Communications, toInc. ~~share~~All ~~issuance~~material inintercompany ~~error~~transactions byand ~~the~~balances ~~Company~~have been eliminated.

~~Stock repurchase~~IMMATERIAL ~~program~~PRIOR PERIOD ADJUSTMENT

~~On January~~During ~~6, 2023,~~ the ~~Board~~year ofended ~~Directors~~September ~~approved~~30, a2024, ~~stock repurchase program pursuant to which~~ the Company ~~may~~became ~~repurchase~~aware that ~~shares~~the ofconsolidated ~~its outstanding~~financial ~~common~~statements ~~stock.~~for ~~The~~the ~~repurchase~~year ~~program~~ended ~~may~~September ~~be extended~~30, ~~suspended~~2023, orcontained ~~discontinued~~an atimmaterial ~~any~~understatement ~~time. As~~ of ~~September 30~~$64,517 ~~2023, no~~of ~~common~~both ~~stock~~revenue ~~was~~and ~~repurchased~~retained earnings.

~~NOTE~~The Company evaluated this prior period adjustment in accordance with 5SEC Staff Accounting Bulletin (“SAB”) 99, Materiality (ASC 250-10-S99) ~~RELATED~~and ~~PARTY~~based ~~TRANSACTIONS~~on its quantitative and qualitative analysis determined that this prior period adjustment was not material to the annual consolidated financial statements for the year ended September 30, 2023. Therefore, an amendment to the previously filed Form 10-K as of September 30, 2023, was not required.

~~Through December 1~~Consequently, ~~2021,~~ the Company ~~leased~~elected ~~its~~to ~~office~~correct ~~space~~this ~~from~~prior ~~VoiceInterop,~~period adjustment in the ~~Company’s~~current ~~former~~year ~~wholly~~ended ~~owned~~September ~~subsidiary~~30, ~~and~~2024. ~~now~~The ~~96% owned~~cumulative byimpact ~~our~~of ~~shareholders~~this ~~for~~adjustment ~~approximately~~had a net effect on retained earnings of $~~1,400~~0. The ~~per~~Company ~~month.~~recorded Onan ~~February~~adjustment 14of $64,517 ~~2020~~to increase retained earnings with a corresponding reduction to revenues of $64,517, ~~VoiceInterop~~which has ~~was~~been ~~deconsolidated~~reflected in the consolidated financial statements as of and isfor nothe ~~longer~~year ~~our~~ended ~~subsidiary~~September 30. 2024.

~~Rent expense~~USE ~~incurred~~OF ~~during the years ended September 30, 2023 and 2022 was $22,722 and $26,973, respectively (See Note 6).~~ESTIMATES

~~During the~~In ~~years~~preparing ~~ended~~the ~~September~~consolidated 30financial statements, ~~2023~~management is required to make estimates and ~~2022,~~assumptions that affect the ~~Company~~reported ~~paid~~amounts ~~$36,000~~of assets and ~~$39,000,~~liabilities ~~respectively,~~as toof athe ~~related~~date ~~party~~of ~~consultant~~the balance sheet and operations for the reporting period.

~~As of~~Although ~~December~~these ~~31,~~estimates ~~2022,~~are ~~the~~based ~~Company~~on ~~advanced $53,302 to VoiceInterop, the Company~~management’s ~~former~~knowledge ~~wholly~~of current ~~owned~~events ~~subsidiary~~ and ~~now~~actions ~~96% owned~~it bymay ~~our~~undertake ~~shareholders. The amount is included~~ in ~~due from related party on~~ the ~~consolidated balance sheet. The amount is due on September 30~~future, ~~2024,~~they ~~and~~may ~~bears~~ultimately ~~interest~~differ atfrom ~~5% effective~~actual ~~October 1, 2022~~results. ~~As of September 30, 2023, the Company recorded $2,724 in interest receivable – related party.~~

~~NOTE~~Significant estimates include the assumptions used in valuation of deferred 6tax -assets, ~~COMMITMENTS~~estimated ~~AND~~useful ~~CONTINGENCIES~~life of property and equipment, valuation of inventory, intangible assets and allowance for credit losses.

~~Obligation Under Operating Lease~~RECLASSIFICATIONS

~~On December~~Certain 2,prior ~~2022, and effective on January 1, 2023, the Company signed a two-~~year ~~lease~~amounts ofhave ~~1,145 square~~been ~~feet~~reclassified for ~~our~~consistency ~~principal offices in Clearwater,~~with ~~Florida.~~the ~~The~~current ~~monthly rent is $2,134 in~~ year ~~one~~presentation. ~~and~~These ~~increases~~reclassifications tohad ~~$2,198 in~~no ~~year~~material ~~two.~~effect ~~The lease expires~~ on ~~December~~the ~~31, 2024. On~~consolidated ~~January~~results ~~1, 2023, upon adoption~~ of ~~ASC~~ ~~842~~operations, ~~the Company will recognize right-to-use assets as operating leases~~stockholders’ ~~and~~equity, ~~operating~~or ~~lease~~cash ~~obligations~~flows.

~~On December~~In 1,the ~~2021~~current year, the Company ~~signed~~adjusted aits ~~one~~classification ~~year~~of ~~lease~~selling and ~~approximately~~administrative ~~2,000 square~~expenses ~~feet~~in ~~for~~the ~~our~~Statement ~~principal~~of ~~offices~~Operations. inFor ~~Boca Raton~~comparative purposes, ~~Florida.~~amounts ~~The~~in ~~monthly~~the ~~rent~~prior isyears ~~$2,200.~~have been reclassified ~~The~~to ~~lease~~conform ~~expired~~to current year presentations. These reclassifications had no effect on ~~November 30,~~previously ~~2022~~reported results of operations or retained earnings.

~~Rent expense~~CASH ~~incurred~~AND ~~during~~CASH ~~the years ended September 30, 2023 and 2022 was $22,722 and $26,973, respectively.~~ EQUIVALENTS

~~Revenue~~For financial statement purposes, the Company considers all highly liquid ~~and~~investments ~~Accounts~~purchased ~~Receivable~~with ~~Concentration~~original maturities of three months or less to be cash equivalents.

~~For the~~The ~~year~~Company ~~ended~~has ~~September~~investments ~~30,~~in ~~2023,~~Treasury ~~one~~Bills. ~~customer~~The ~~accounted~~Treasury ~~for~~Bills ~~11.13%~~have ofremaining ~~the~~terms ~~Company’s~~ranging ~~revenues~~from four-weeks to thirteen weeks on September 30, 2024.

~~No customer~~Treasury Bills with ~~accounted~~an ~~for~~original ~~more~~maturity ~~than 10%~~ date of ~~the~~three ~~Company’s~~months or ~~revenue~~less are ~~for~~included within cash and cash equivalents on the ~~year~~balance ~~ended~~ sheet at September 30, ~~2022~~2024.

~~As of September 30, 2023, no customers accounted for more than 10% of the Company’s total outstanding accounts receivable.~~F-7

~~As of~~ACCOUNTS ~~September~~RECEIVABLE ~~30,~~AND ~~2022,~~ALLOWANCE noFOR ~~customer~~CREDIT ~~accounted for more than 10% of the Company’s total outstanding accounts receivable.~~LOSSES

~~Major~~The Company maintains current receivable amounts with most of its customers. ~~Supplier~~The Company regularly monitors and ~~Sole~~assesses ~~Manufacturing~~its ~~Source~~risk of not collecting amounts owed by customers. This evaluation is based upon an analysis of current and past due amounts, along with relevant history and facts particular to the customer. The Company records its allowance for credit losses based on the results of this analysis. The analysis requires the Company to make significant estimates and as such, changes in facts and circumstances could result in material changes in the allowance for credit losses. The Company considers as past due any receivable balance not collected within its contractual terms.

The Company ~~relies~~provided on$60,665 noand ~~major~~$63,665 ~~supplier~~allowances for ~~its~~doubtful ~~products. The Company has contracted with local manufacturing facilities to provide completed~~accounts ~~circuit~~as ~~boards used in the assembly~~ of ~~its~~September ~~IP gateway devices. Interruption of adequate supply of components~~30, ~~primarily computer chips~~2024, to ~~the manufacturing source presents additional risk to the Company. The Company believes that additional commercial facilities exist at competitive rates to match the resources~~ and ~~capabilities~~September of30, ~~its existing manufacturing source~~2023, ~~but the current worldwide shortage of computer chips does limit our ability to supply our proprietary radio gateways to clients and other buyers~~respectively.

~~Employment Agreements~~INVENTORY

InInventory consists of components held for assembly and finished goods held ~~December~~for ~~2016,~~resale ~~the~~or ~~Board~~to ofbe ~~Directors~~utilized ~~accepted~~for ~~the~~installation ~~resignation~~in projects. Inventory is valued at lower of ~~Larry~~cost Mor net realizable value on a first-in, first-out basis. ~~Reid~~The asCompany’s ~~Chief~~policy ~~Executive~~is ~~Officer~~to ofrecord ~~the~~a ~~corporation~~reserve for technological obsolescence or slow-moving inventory items. The Company only carries finished goods to be shipped along with completed circuit boards and ~~appointed~~parts necessary for final assembly of finished Mrproduct. ~~Reid~~All asexisting ~~Chief~~inventory ~~Financial~~is ~~Officer~~considered current and usable. The ~~Board~~Company ~~also~~recorded ~~appointed~~no ~~Michael~~reserve M.for ~~Moore~~obsolete inventory as ~~Chief~~of ~~Executive~~September 30, ~~Officer~~2024 and September 30, 2023, respectively.

~~Under the~~At ~~terms~~September ~~of an employment agreement effective on November 28~~30, ~~2016,~~2024 ~~Mr.~~inventory ~~Moore~~was ~~as CEO receives an annual salary of~~ $~~200~~41,~~000. The~~532 ~~term~~ of ~~agreement~~raw ismaterials ~~for a one-year period beginning on the effective date~~ and ~~shall automatically renew and continue in effect for~~finished ~~additional one-year periods~~goods. ~~Effective April 20, 2022, the annual compensation increased to $220,000.~~

~~Under the~~At ~~terms~~September ~~of an employment agreement effective on March 13~~30, ~~2015~~2023, ~~Mr.~~inventory ~~Reid~~was ~~as CFO receives an annual salary of~~ $9621,~~000. The~~913 ~~term~~ of ~~agreement~~raw ismaterials ~~for a one-year period beginning on the effective date~~ and ~~shall automatically renew and continue in effect for~~finished ~~additional one-year periods~~goods. ~~Effective October 1, 2021, the annual compensation increased to $104,000.~~

~~Exclusive Licensing~~PREPAID ~~Agreement~~EXPENSES AND OTHER CURRENT ASSETS

~~On May~~Prepaid 5,expenses ~~2017,~~and ~~the~~other ~~Company~~current ~~entered~~assets ~~into~~consist anprimarily ~~Exclusive~~of ~~Licensing Agreement with Sublicensing Terms (the “Agreement”) with the University~~deferred ofsubscriber ~~South~~costs ~~Florida~~and ~~Research~~prepaid ~~Foundation, Inc~~expenses. ~~(“USFRF”)~~Deferred ~~relating~~subscriber tocosts antotaled ~~exclusive~~$38,250 ~~license~~and of$38,250 ~~certain~~at ~~patent~~September ~~rights~~30, in2024 ~~connection with~~and ~~one~~September of30, ~~USFRF’s U~~2023, respectively.S. ~~Patent~~Prepaid ~~Applications.~~expenses ~~Both~~totaled ~~parties~~$82,196 ~~recognize that the research~~ and ~~development~~$68,522 ~~work~~at ~~provided~~September by30, ~~the~~2024 ~~Company was~~and ~~sufficient~~September ~~for~~30, ~~USFRF~~2023, ~~to enter into the Agreement with the Company~~respectively.

~~The Agreement~~PROPERTY isAND effective April 25, 2017 and continues until the later of the date that no Licensed Patent remains a pending application or an enforceable patent or the date on which the Licensee’s obligation to pay royalties expires.EQUIPMENT

~~The Company~~Property ~~agreed~~and toequipment ~~pay~~are ~~USFRF~~recorded aat ~~royalty~~cost ofand ~~3% for~~depreciated ~~sales~~or ofamortized using ~~all~~the ~~Licensed~~straight-line ~~Products~~method ~~and~~over ~~Licensed Processes~~the ~~and~~estimated ~~agreed~~useful tolife ~~pay~~of ~~USFRF~~the ~~minimum~~asset ~~royalty~~or ~~payments~~the ofunderlying ~~$8,000~~lease term for ~~fiscal~~leasehold ~~year~~improvements, ~~2022~~whichever is ~~and~~shorter ~~thereafter~~or onwhen the ~~same~~property ~~date,~~and ~~for~~equipment ~~the~~is ~~life of~~put ~~the~~into ~~agreement~~service.

~~In the~~IMPAIREMENT ~~event~~OF ~~the~~LONG-LIVED Company proposes to sell any Equity Securities, then USFRF will have the right to purchase 5% of the securities issued in such offering on the same terms and conditions are offered to other purchasers in such financing. As of September 30, 2023 and 2022, the Company has recorded $6,000 and $8,000 for the minimum royalty for the fiscal year ended 2023 and 2022.ASSETS

FManagement evaluates the recoverability of the Company’s identifiable intangible assets and other long-11lived assets when events or circumstances indicate a potential impairment exists, in accordance with the provisions of ASC 360-10-35-15 “Impairment or Disposal of Long-Lived Assets.”

~~NOTE~~If impairment is indicated based on a comparison of the assets’ carrying 7values -and ~~DEFERRED~~the ~~INCOME~~undiscounted ~~TAXES~~cash flows, the impairment to be recognized is measured as the amount by which the carrying amount of the assets exceeds the fair value of the assets.

~~The provision~~There ~~for~~were no impairments ~~income~~recorded ~~taxes~~during ~~is computed using~~ the ~~asset~~year ~~and~~ended ~~liability method~~September 30, ~~under~~2024 ~~which deferred tax assets~~ and ~~liabilities~~2023, are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities and for operating losses and tax credit carryforwardsrespectively. Deferred tax assets and liabilities are measured using the currently enacted tax rates that apply to taxable income in effect for the years in which those tax assets and liabilities are expected to be realized or settled. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

Uncertain tax positions are recognized only when the Company believes it is more likely than not that the tax position will be upheld on examination by the taxing authorities based on the merits of the position. The Company has no material unrecognized tax benefits and no adjustments to its consolidated financial position, results of operations or cash flows were required as of September 30, 2023 and 2022.F-8

~~The Company~~INTANGIBLE filed consolidated tax returns for the years ended September 30, 2023 and 2022, which are subject to examination by federal and state tax jurisdictions. No income tax returns are currently under examination by taxing authorities. The Company recognizes interest and penalties, if any, related to uncertain tax positions in income tax expense. The Company did not have any accrued interest or penalties associated with uncertain tax positions as of September 30, 2023 and 2022. The Company’s U.S. federal income tax returns for tax years 2020 through 2023 are subject to examination by the Internal Revenue Service.ASSETS

~~The Company~~We ~~calculates~~account ~~its~~for ~~deferred~~our ~~tax~~goodwill and other indefinite-lived intangible assets as ~~based~~required ~~upon~~by ~~its~~FASB ~~consolidated~~ASC ~~net~~Topic ~~operating~~350, Intangibles ~~loss~~- Goodwill and Other (“~~NOL~~ASC 350”). ~~carryovers~~We ~~available~~test togoodwill for impairment ~~offset~~at ~~future~~the ~~taxable~~reporting ~~income,~~unit ~~net~~level and have concluded that our reporting units are generally the same as our reportable segments. We evaluate the determination of ~~other~~our ~~tax~~reporting ~~credit(s)~~units periodically or ~~tax~~whenever ~~deferred~~events ~~liabilities,~~or ifsubstantive ~~any~~changes in circumstances occur. ASC No350 requires that ~~deferred~~goodwill ~~tax~~and certain intangible assets be assessed for ~~the~~impairment ~~years~~using ~~ended September~~fair ~~30,~~value ~~2023~~measurement techniques on an annual basis and when ~~2022~~events ~~have~~occur ~~been~~that ~~recorded~~may ~~since~~suggest ~~any~~that ~~available~~the ~~deferred~~fair ~~tax~~value of such assets ~~are~~cannot ~~fully~~support ~~offset~~the bycarrying ~~increases~~value. ASC in350 gives ~~its~~an ~~valuation~~entity ~~allowances.~~the ~~The~~option ~~Company~~to ~~increased~~first ~~its~~assess ~~valuation~~qualitative ~~allowance~~factors ~~based~~to ondetermine ~~its~~whether ~~history~~it ofis ~~consolidated~~more ~~net~~likely ~~losses.~~than Atnot ~~September~~that ~~30,~~the ~~2023,~~fair ~~the~~value of a reporting unit ~~Company~~or ~~has~~intangible asset is less than its carrying amount. If an ~~adjusted~~entity ~~net~~determines ~~operating~~it ~~loss~~is ~~carryforward~~not ofmore ~~approximately~~likely ~~$13,608,000~~than not that ~~expire~~the ~~through~~fair ~~2040.~~value ~~Should~~of a reporting ~~cumulative~~unit ~~change in~~or ~~the~~intangible ~~ownership~~asset ofis ~~more~~less than ~~50%~~its ~~occur~~carrying ~~within~~amount, athen ~~three-year~~performing ~~period,~~the ~~there~~quantitative ~~could~~impairment betest is unnecessary. However, if an ~~annual~~entity ~~limitation~~concludes onotherwise, then the ~~use~~quantitative ofimpairment test shall be used to identify the ~~net~~impairment ~~operating~~and measure the amount of an impairment loss ~~carryforwards~~to be recognized (if applicable).

~~Deferred income~~For ~~taxes reflect~~ the ~~tax~~years ~~effects~~ended of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes plus any available consolidated, net deferred tax credits. Significant components of the Company’s net deferred income tax assets at September 30, ~~2023~~2024 and ~~2022~~2023, no impairment losses ~~respectively~~were ~~are as follows:~~recognized.

Schedule of deferred income tax assets
	September 30, 2023			September 30, 2022
Depreciation	$	1,750		$	2,842
Allowance for credit losses		40,717			15,880
Net operating loss carryforward		3,449,013			3,493,201
Net deferred income tax asset		3,491,480			3,511,923
Less: valuation allowance		(3,491,480	)		(3,511,923	)
Total deferred income tax assets	$	-		$	-

INTANGIBLE ASSETS – FedRamp

~~A reconciliation~~In of2024, the ~~Federal~~Company conducted an impairment assessment in accordance with ASC 350-30-35 and ~~respective~~determined ~~State~~that ~~income~~all ~~tax~~previously ~~rate~~capitalized asamounts related to costs that are no longer deemed recoverable. As a ~~percentage~~result, ofthe ~~income~~Company ~~before~~recognized ~~taxes~~an isimpairment asloss ~~follows:~~of $44,373.

Schedule of income tax rate as a percentage
	September 30, 2023			September 30, 2022
Federal statutory taxes	$	11,224		$	79,558
State income taxes, net of federal benefit		3,111			22,049
Change in tax estimates		26,586			850
Less: Valuation allowance, non-deductible items		3,267			2,100
Change in valuation allowance		(44,188	)		(104,557	)
	$	-0-		$	-0-

At September 30, 2024 and September 30, 2023, intangible assets, net, is as follows:

	September 30, 2023			September 30, 2022
Schedule of intangible assets
Federal statutory Income tax rate		21.00	%		21.00	%
	For the year ended September 30, 2024			For the year ended September 30, 2023
State taxes, net of federal benefit		4.35	%		4.35	%
Intangible Assets	$	44,373		$	44,373
Effective rate of deferred tax asset		25.35	%		25.35	%
Less: Impairment Loss		(44,373	)		-
Less: Valuation allowance		(25.35	%)		(25.35	%)
Total Intangible Assets, net	$	-		$	44,373
Effective income tax rate		0.00	%		0.00	%

~~Management has~~ASSET ~~determined~~PURCHASE ~~that~~- itINTANGIBLE isASSET ~~more~~– ~~likely~~CLIENT than not that the Company will not use the NOL carryforward and has a 100% valuation allowance against the deferred asset. The reserve is based on historical experience of the Company’s operations as it has not recognized net income in its current incarnation and there is no indication of any events or conditions that would show that trend will not continue due to the Company’s current expectation of expense requirements.LIST

FAccounting for asset acquisitions falls under the guidance of Topic 805, Business Combinations, specifically Subtopic 805-1250. A cost accumulation model is used to determine an asset acquisition’s cost. Assets acquired are based on their cost, generally allocated to them on a relative fair value basis. Direct acquisition-related costs are included in the cost of the acquired assets. No goodwill is calculated in an asset acquisition.

On August 1, 2024, the Company acquired a group of similar assets from Alastar, Inc. (“Alastar”) for $50,000.

This asset group consisted of cash, prepaids and other current assets, as well as intellectual property including trademarks, software platforms, and a client list. The client list was the only asset ascribed value which was deemed to have continuing value to the Company. The Company has classified this client list as an intangible asset, which will be amortized over 5 years.

The table below summarizes the estimated fair value of the assets acquired and the liabilities assumed at the effective acquisition date.

F-9


Consideration
Cash	$	50,000

Fair Value of consideration transferred	$	50,000

Recognized amounts of identifiable assets acquired and liabilities assumed:

Cash	$	260,863
Prepaid expenses and other current assets	$	29,639
Total assets acquired	$	290,502

Deferred Revenue	$	290,502
Total liabilities assumed	$	290,502

Total identifiable net assets	$	-

Intangible Assets - Client List	$	50,000

At September 30, 2024 and September 30, 2023, intangible asset – client list, net, is as follows:

Schedule of intangible assets
	For the year ended September 30, 2024			For the year ended September 30, 2023
Intangible Assets – Customer Lists	$	50,000		$	-
Less: Accumulated Amortization		(1,667	)		-
Total Intangible Assets, net	$	48,333		$	-

Amortization expense for the years ended September 30, 2024 and 2023, was $1,667 and $0, respectively.

Estimated future amortization expense for the years ended September 30,


2025	$	10,000
2026		10,000
2027		10,000
2028		10,000
2029		8,300
	$	48,333

F-10

CONCENTRATION OF CREDIT RISK

The Company currently maintains cash balances at one FDIC-insured banking institution. Deposits held in non interest-bearing transaction accounts are insured up to a maximum of $250,000 at all FDIC-insured institutions. As of September 30, 2024 and September 30, 2023, the Company had $92,982 and $118,140, respectively, in excess of FDIC insured limits.

RESEARCH AND DEVELOPMENT COSTS

In accordance with ASC 730, the Company expenses, research and development costs as incurred. These costs primarily consist of fees paid for outside consulting services related to obtaining FedRAMP certification.

For the years ended September 30, 2024, and 2023, the Company incurred $189,022 and $27,314, respectively, in research and development expenses.

REVENUE RECOGNITION AND DEFERRED REVENUES

The Company revenue recognition policy follows guidance from Accounting Standards Codification (“ASC”) 606, Revenue from contract with customers. Revenue is recognized when the Company has transferred promised goods and services to the customer and in the amount that reflects the consideration to which the company expects to be entitled to in exchange for those goods and services. The Company applies the following five-step model in order to determine this amount:

i. Establishment of a contract with the customer;

ii. Identify the performance obligation of the contract;

iii. Determine transaction price

iv. Allocation of the transaction price to the performance obligations; and

v. Recognition of revenue when (or as) the Company satisfies each performance obligation.

The Company generates revenue primarily through the sale of software licenses and integrated hardware. The portion of the contract that is associated with ongoing hosting and related customer service is amortized monthly over the license period. The Company incurs certain incremental contract costs (referred to as deferred subscriber acquisition costs, net) including selling expenses (primarily commissions) related to acquiring customers. Deferred subscriber acquisition costs, net are included in prepaid and expenses and other current assets on the consolidated balance sheet. Commissions paid in connection with acquiring new customers are determined based on the value of the contractual fees. Deferred subscriber acquisition costs will be expensed as incurred on the date the revenue associated with the cost is recognized.

In transactions in which hardware is sold to a customer, the Company recognizes the revenue when the hardware has been shipped to the customer. The hardware supplied by the Company does not require a related software license and can be operated and fully functional without the Company’s software.

From time to time clients request special training meetings. We send employees to these meetings and charge our clients on a per diem basis. These charges are recorded as consulting fees on our income statement.

F-11

Under an agreement with the School District of Hillsborough County Florida, the District has approved an agreement with the Company whereby the Company will provide 500 units of its AudioMate AM360 Radio gateways to a third party, Centegix, which will be installing the gateway under their agreement with the School District. Centegix has paid the Company for the gateways in advance and the deposit is accounted for in deferred revenue. As of September 30, 2024, the Company delivered 500 units of its AudioMate AM360 Radio gatewayws and recognized hardware and sales revenue of $500,000.

As of September 30, 2024 and September 30, 2023, respectively, the Company recorded $1,373,325 and $1,177,680, respectively, in deferred revenue.

DISAGGREGATED REVENUE

The following table sets forth the approximate net sales by primary category:

Schedule of disaggregated revenue
	For the years ended
	September 30, 2024		September 30, 2023
Licensing of ReadyOp Software	$	2,414,949	$	2,022,550
Hardware Sales and Consulting		711,999		109,405
Total	$	3,126,148	$	2,131,955

DEFERRED REVENUE

The following table provides a summary of the changes included in deferred revenue during the years ended September 30, 2024 and September 30, 2023:

Schedule of deferred revenue
	For the year ended September 30, 2024			For the year ended September 30, 2023
Beginning balance	$	1,177,680		$	1,125,511
Additions to deferred liability (1)		3,321,793			2,184,124
Deductions to deferred liability (2)		(3,126,148	)		(2,131,955	)
Ending balance	$	1,373,325		$	1,177,680

(1)

Customer billings for services not yet rendered and hardware not yet installed

(2)

Revenue recognized in the current year related to the deferred liability

EARNINGS PER SHARE

Earnings per share (“EPS”) are the amount of earnings attributable to each share of common stock. For convenience, the term is used to refer to either earnings or loss per share. EPS is computed pursuant to section 260-10-45 of the FASB Accounting Standards Codification. Pursuant to ASC Paragraphs 260-10-45-10 through 260-10-45-16, basic EPS shall be computed by dividing income available to common stockholders (the numerator) by the weighted-average number of common shares outstanding (the denominator) during the period. Income available to common stockholders shall be computed by adding both the dividends declared in the period on preferred stock (whether or not paid) and the dividends accumulated for the period on cumulative preferred stock (whether or not earned) from income from continuing operations (if that amount appears in the income statement) and also from net income. The computation of diluted EPS is similar to the computation of basic EPS except that the denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued during the period to reflect the potential dilution that could occur from common shares issuable through contingent shares issuance arrangement, stock options or warrants.

Pursuant to ASC Paragraphs 260-10-45-45-21 through 260-10-45-45-23 Diluted EPS shall be based on the most advantageous conversion rate or exercise price from the standpoint of the security holder. The dilutive effect of outstanding call options and warrants (and their equivalents) issued by the reporting entity shall be reflected in diluted EPS by application of the treasury stock method unless the provisions of paragraphs 260-10-45-35 through 45-36 and 260-10-55-8 through 55-11 require that another method be applied. Equivalents of options and warrants include non-vested stock granted to employees, stock purchase contracts, and partially paid stock subscriptions (see paragraph 260–10–55–23). Anti-dilutive contracts, such as purchased put options and purchased call options, shall be excluded from diluted EPS. Under the treasury stock method: a. Exercise of options and warrants shall be assumed at the beginning of the period (or at time of issuance, if later) and common shares shall be assumed to be issued. b. The proceeds from exercise shall be assumed to be used to purchase common stock at the average market price during the period. (See paragraphs 260-10-45-29 and 260-10-55-4 through 55-5.) c. The incremental shares (the difference between the number of shares assumed issued and the number of shares assumed purchased) shall be included in the denominator of the diluted EPS computation.

F-12

As of September 30, 2024 and 2023, we had no options and warrants outstanding.

As of September 30, 2024 and 2023, we had 512,996 shares of Series A Convertible Preferred stock outstanding, which are convertible into 51,299,600 shares of common stock.

As of September 30, 2024 and 2023, we had 3,133,503 shares of Series C Convertible Preferred stock outstanding which are convertible into 15,667,515 and shares of common stock.

As of September 30, 2024 and 2023, we had 670,904 shares of Series D Preferred stock outstanding which are convertible into 3,354,520 shares of common stock.

As of September 30, 2024 and 2023, we had 3,000,000 shares of Series E Convertible Preferred stock outstanding which are convertible into 300,000,000 shares of common stock.

The table below details the computation of basic and diluted earnings per share (“EPS”) for the years ended September 30, 2024 and 2023:

Schedule of diluted earnings per share
	For the year ended September 30, 2024			For the year ended September 30, 2023
Net (loss) income attributable to common stockholders for the period	$	(313,273	)	$	15,518

Weighted average number of shares outstanding		229,160,695			228,786,339

Basic earnings per share	$	0.00		$	0.00

The following table sets for the computation of diluted earnings per share:


	For the year ended September 30, 2024			For the year ended September 30, 2023
Net (loss) income attributable to common stockholders for the period	$	(313,273	)	$	15,518
Add: Preferred stock dividends		-			41,038

Adjusted net (loss) income	$	(313,273	)	$	56,556

Weighted average number of shares outstanding		229,160,695			228,786,339
Add: Shares issued upon conversion of preferred stock		-			370,321,635
Weighted average number of common and common equivalent shares		229,160,695			599,107,974

Diluted earnings per share	$	(0.00	)	$	0.00

FAIR VALUE OF FINANCIAL INSTRUMENTS

The Company measures the fair value of its assets and liabilities under ASC topic 820, “Fair Value Measurements and Disclosures”. ASC 820 defines “fair value” as the price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. There was no impact relating to the adoption of ASC 820 to the Company’s consolidated financial statements.

F-13

ASC 820 also describes three levels of inputs that may be used to measure fair value:

- Level 1: Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities traded in active markets.

- Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly.

- Level 3: Inputs that are generally observable. These inputs may be used with internally developed methodologies that result in management’s best estimate of fair value.

Financial instruments consist principally of cash, accounts receivable, prepaid expenses and other current assets, accounts payable, accrued expenses and deferred revenue. The carrying amounts of such financial instruments in the accompanying consolidated balance sheet approximate their fair values due to their relatively short-term nature. The carrying amounts approximate fair value. It is management’s opinion that the Company is not exposed to any significant currency or credit risks arising from these financial instruments.

As of September 30, 2024 and September 30, 2023, we held no assets that were required to be measured at fair value on a recurring basis. There were no transfers between levels in the fair value hierarchy during the years ended September 30, 2024 and September 30, 2023, respectively.

ADVERTISING COSTS

Advertising costs are expensed as incurred. The Company had advertising costs of $174,920 and $95,373 during year ended September 30, 2024 and 2023, respectively.

EMPLOYEE BENEFITS

The Company’s employees have access to a qualified 401(k)defined contribution plan.

The Company’s matching contributions expenditure under the plan was $14,965 and $0 during the year ended September 30, 2024 and 2023.

RECENT ADOPTED ACCOUNTING PRONOUNCEMENTS

There are no recently adopted accounting pronouncements that had a material impact on the Company’s condensed consolidated financial statements.

RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS

The Company continues to monitor new accounting pronouncements issued by the FASB and does not believe any accounting pronouncements issued through the date of this report will have a material impact on the Company’s Financial Statements.

LEASE ACCOUNTING

We have a lease agreement with lease and non-lease components and have elected to utilize the practical expedient to account for lease and non-lease components together as a single combined lease component, from both a lessee and lessor perspective with the exception of direct sales-type leases and production equipment classes embedded in supply agreements. From a lessor perspective, the timing and pattern of transfer are the same for the non-lease components and associated lease component and, the lease component, if accounted for separately, would be classified as an operating lease.

F-14

We have elected not to present short-term leases on the balance sheet as these leases have a lease term of 12 months or less at lease inception and do not contain purchase options or renewal terms that we are reasonably certain to exercise. All other lease assets and lease liabilities are recognized based on the present value of lease payments over the lease term at commencement date. Because our lease does not provide an implicit rate of return, we used our incremental borrowing rate based on the information available at lease commencement date in determining the present value of lease payments.

Lease expense for operating leases is recognized on a straight-line basis over the lease term as cost of revenues or operating expenses depending on the nature of the leased asset. Certain operating leases provide for annual increases to lease payments based on an index or rate. We calculate the present value of future lease payments based on the index or rate at the lease commencement date.

On December 2, 2022, and effective on January 1, 2023, the Company signed a two-year lease of 1,145 square feet for our principal offices in Clearwater, Florida. The monthly rent is $2,134 in year one and increases to $2,198 in year two. The lease expires on December 31, 2024.

The tables below present information regarding the Company’s operating lease assets and liabilities at September 30, 2024 and September 30, 2023:


	September 30, 2024			September 30, 2023
Assets

Operating lease -right-of-use assets-non-current	$	5,983		$	29,914

Liabilities

Operating lease liability	$	6,506		$	31,087

Weighted-average remaining lease term (years)		0.25			1.25

Weighted-average discount rate		8	%		8	%

The components of lease expense were as follows:

Operating lease cost

Amortization on right-of-use operating lease asset	$	23,932		$	17,949
Lease liability expense in connection with obligation repayment		1,604			2,429
Total operating lease costs	$	25,536		$	20,378

Supplemental cash outflows information related to operation lease was as follows:

Operating cash outflows from operating lease (obligation payment)	$	26,184		$	19,206
Right-of-use asset obtained in exchange for new operating lease liability	$	-		$	47,863

F-15

At September 30, 2024, the Company has no financing leases as defined in ASC 842, “Leases.”

Future minimum lease payments required under leases that have initial or remaining non-cancelable lease terms in excess of one year at September 30, 2024:


2025	$	6,594
Total undiscounted cash flows		6,594
Less: amount representing interest		88
Present value of operating lease liability		6,506
Less: current portion of operation lease liability		(6,506	)
Long-term operating lease liability	$	-

NOTE 3 – PROPERTY AND EQUIPMENT

At September 30, 2024 and September 30, 2023, property and equipment, net, is as follows:

Schedule of property and equipment net
	For the year ended September 30, 2024			For the year ended September 30, 2023
Office Equipment	$	60,175		$	28,040
Less: Accumulated Depreciation		(19,343	)		(11,514	)
Total Property and Equipment, net	$	40,832		$	16,526

Depreciation expenses for the years ended September 30, 2024 and 2023, was $7,829 and $5,051, respectively.

NOTE 4 - EQUITY TRANSACTIONS

Preferred Stock Dividends

As of September 30, 2024 and September 30, 2023, the cumulative arrearage of undeclared dividends for Series A Preferred stock totaled $247,329 and $206,181, respectively and $41,148 for the year ended September 30, 2024.

As of the date of this report, we have 200,000,000 authorized shares of preferred stock, par value $0.00001 per share, of which 7,317,403 shares were issued and outstanding. There are currently 5 series of preferred stock designated as follows:

●

1,250,000 shares have been designated as Series A Preferred Stock, 512,996 of which are issued and outstanding;

●

10 shares have been designated as Series B Preferred Stock, none of which is issued and outstanding;

●

50,000,000 shares have been designated as Series C Preferred Stock, 3,133,503 of which are issued and outstanding; and

●

10,000,000 shares have been designated Series D Preferred stock, of which 670,904 are issued and outstanding; and

●

10,000,000 shares have been designated Series E Preferred stock, of which 3,000,000 are issued and outstanding.

F-16

Preferred Stock Classification

The Company applies the guidance outlined in ASC 480, Distinguishing Liabilities from Equity, to determine the appropriate classification and measurement of preferred stock. Under ASC 480-10-25-4, financial instruments that embody an obligation to repurchase equity shares or require mandatory redemption at a fixed or determinable date must be classified as liabilities and measured at fair value.

Preferred shares that are conditionally redeemable—including those redeemable at the option of the holder or subject to redemption upon the occurrence of events outside the issuer’s control—are classified as temporary equity in accordance with ASC 480-10-S99-3A. Conversely, preferred shares that do not contain redemption provisions are appropriately classified as permanent equity.

None of the Company’s Series A, B, C, D, or E Preferred Stock contain any redemption rights, whether mandatory or conditional. Because no redemption provisions exist, these shares do not meet the criteria for liability classification under ASC 480-10-25-7. Furthermore, since redemption is not possible under any circumstances, the shares do not qualify as temporary equity under ASC 480-10-S99-3A. Accordingly, the preferred stock is properly classified as permanent equity.;

Since the Company has a stockholders' deficit, all issuances of Series A, B, C, D, and E Preferred Stock are presented as a component of stockholders’ deficit in the financial statements.

Pursuant to our Articles of Incorporation establishing our preferred stock:

●

A holder of shares of the Series A Preferred Stock is entitled to the number of votes equal to the number of shares of the Series A Preferred Stock held by such holder multiplied by one on all matters submitted to a vote of our stockholders. Each one share of our Series A Preferred Stock shall be convertible into 100 shares of our common stock. Each holder of Series A Preferred Stock is entitled to receive cumulative dividends at the rate of 8% of $1.00 per annum on each outstanding share of Series A Preferred Stock then held by such holder, on a pro rata basis.

●

A holder of shares of the Series B Preferred Stock is entitled to one vote per share on all matters submitted to a vote of our stockholders. If at least one share of Series B Preferred Stock is issued and outstanding, then the total aggregate issued shares of Series B Preferred Stock at any given time, regardless of their number, shall have voting rights equal to two times the sum of the total number of shares of our common stock which are issued and outstanding at the time of voting, plus the total number of shares of any shares of our preferred stock which are issued and outstanding at the time of voting. A holder of shares of the Series B Preferred Stock shall have no conversion rights or rights to dividends.

●

A holder of shares of the Series C Preferred Stock is entitled to the number of votes equal to the number of shares of the Series C Preferred Stock held by such holder multiplied by 5 on all matters submitted to a vote of our stockholders. In addition, the holders of our Series C Preferred Stock shall be entitled to receive dividends when, as and if declared by the Board of Directors, in its sole discretion. No dividends have been declared. Finally, each one share of our Series C Preferred Stock shall be convertible into five shares of our common stock.

●

A holder of shares of the Series D Preferred Stock is entitled to the number of votes equal to the number of shares of the Series D Preferred Stock held by such holder multiplied by 5 on all matters submitted to a vote of our stockholders. In addition, the holders of our Series D Preferred Stock shall be entitled to receive dividends when, as and if declared by the Board of Directors, in its sole discretion. No dividends have been declared. Finally, each one share of our Series D Preferred Stock shall be convertible into five shares of our common stock.

●

A holder of shares of the Series E Preferred Stock is entitled to the number of votes equal to the number of shares of the Series E Preferred Stock held by such holder multiplied by 100 on all matters submitted to a vote of our stockholders. In addition, the holders of our Series E Preferred Stock shall be entitled to receive dividends when, as and if declared by the Board of Directors, in its sole discretion. No dividends have been declared. Finally, each one share of our Series E Preferred Stock shall be convertible into 100 shares of our common stock.

Stock repurchase program

On January 6, 2023, the Board of Directors approved a stock repurchase program pursuant to which the Company may repurchase shares of its outstanding common stock. The repurchase program may be extended, suspended, or discontinued at any time. As of September 30, 2024 and 2023, no common stock was repurchased.

NOTE 5 - RELATED PARTY TRANSACTIONS

Rent expense incurred during the years ended September 30, 2024 and 2023 was $0 and $22,722, respectively (See Note 6).

During the years ended September 30, 2024 and 2023, the Company paid $39,000 and $36,000, respectively, to a related party consultant.

As of September 30, 2024 and 2023, the Company owed $1,024 to the Company’s Chief Executive Officer for the Company’s operating expenses. The amount was repaid in October 2024.

F-17

As of September 30, 2024, the Company advanced $53,302 to VoiceInterop, the Company’s former wholly owned subsidiary and now 96% owned by our shareholders. The advance was related to certain expenses paid on VoiceInterop behalf by the Company.

As of September 30, 2024, the Company recorded $5,589 in interest receivable - related party. In September 2024, the Company determined that it is probable the Company will not recover its loan principal and interest, accordingly, the Company a bad debt expense for uncollectible note receivable and interest receivable of $58,891 in connection therewith.

NOTE 6 - COMMITMENTS AND CONTINGENCIES

Legal Proceedings

From time to time, the Company may be subject to various legal proceedings and claims that arise in the ordinary course of the Company’s business activities. The Company is not aware of any claim or litigation, the outcome of which, if determined adversely to the Company, would have a material effect on the Company’s financial position or results of operations.

Obligation Under Operating Lease

On December 2, 2023, and effective on January 1, 2023, the Company signed a two-year lease of 1,145 square feet for our principal offices in Clearwater, Florida. The monthly rent is $2,134 in year one and increases to $2,198 in year two. The lease expires on December 31, 2024. On January 1, 2023, upon adoption of ASC 842, the Company will recognize right-to-use assets as operating leases and operating lease obligations. Effective January 1, 2025, the Company has a month-to-month lease.

On December 1, 2021, the Company signed a one year lease approximately 2,000 square feet for our principal offices in Boca Raton, Florida. The monthly rent is $2,200. The lease expired on November 30, 2023.

Rent expense incurred during the years ended September 30, 2024 and 2023 was $21,266 and $22,722, respectively.

Revenue and Accounts Receivable Concentration

For the year ended September 30, 2024, one customer accounted for 15.99% of the Company’s revenues.

For the year ended September 30, 2023, one customer accounted for 11.13% of the Company’s revenues.

As of September 30, 2024, one customer accounted for more than 12% of the Company’s total outstanding accounts receivable.

As of September 30, 2023, no customer accounted for more than 10% of the Company’s total outstanding accounts receivable.

Deferred Revenue Concentration

As of September 30, 2024, no customer accounted for more than 10% of the Company’s total outstanding deferred revenue.

As of September 30, 2023, no customer accounted for more than 10% of the Company’s total outstanding deferred revenue.

Major Supplier and Sole Manufacturing Source

The Company relies on no major supplier for its products. The Company has contracted with local manufacturing facilities to provide completed circuit boards used in the assembly of its IP gateway devices. Interruption of adequate supply of components, primarily computer chips, to the manufacturing source presents additional risk to the Company. The Company believes that additional commercial facilities exist at competitive rates to match the resources and capabilities of its existing manufacturing source, but the current worldwide shortage of computer chips does limit our ability to supply our proprietary radio gateways to clients and other buyers.

Exclusive Licensing Agreement

On May 5, 2017, the Company entered into an Exclusive Licensing Agreement with Sublicensing Terms (the “Agreement”) with the University of South Florida Research Foundation, Inc. (“USFRF”) relating to an exclusive license of certain patent rights in connection with one of USFRF’s U.S. Patent Applications. Both parties recognize that the research and development work provided by the Company was sufficient for USFRF to enter into the Agreement with the Company.

F-18

The Company agreed to pay USFRF a royalty of 3% for sales of all Licensed Products and Licensed Processes and agreed to pay USFRF minimum royalty payments of $8,000 for fiscal year 2023 and thereafter on the same date, for the life of the agreement.

In the event the Company proposes to sell any Equity Securities, then USFRF will have the right to purchase 5% of the securities issued in such offering on the same terms and conditions are offered to other purchasers in such financing.

NOTE 7 – EXTINGUISHMENT OF LIABILITIES

During the year ended September 30, 2024, the Company settled $44,052 of accounts payable with various vendors in exchange for $1,111, resulting in a gain on settlement of $42,941.

NOTE 8 - DEFERRED INCOME TAXES

The provision for income taxes is computed using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities and for operating losses and tax credit carryforwards. Deferred tax assets and liabilities are measured using the currently enacted tax rates that apply to taxable income in effect for the years in which those tax assets and liabilities are expected to be realized or settled. The Company records a valuation allowance to reduce deferred tax assets to the amount that is believed more likely than not to be realized.

The Company filed consolidated tax returns for the years ended September 30, 2024 and 2023, which are subject to examination by federal and state tax jurisdictions. No income tax returns are currently under examination by taxing authorities. The Company recognizes interest and penalties, if any, related to uncertain tax positions in income tax expense. The Company did not have any accrued interest or penalties associated with uncertain tax positions as of September 30, 2024 and 2023. The Company’s U.S. federal income tax returns for tax years 2020 through 2024 are subject to examination by the Internal Revenue Service.

The Company calculates its deferred tax assets based upon its consolidated net operating loss (“NOL”) carryovers available to offset future taxable income, net of other tax credit(s) or tax deferred liabilities, if any. No deferred tax assets for the years ended September 30, 2024 and 2023 have been recorded since any available deferred tax assets are fully offset by increases in its valuation allowances. The Company increased its valuation allowance based on its history of consolidated net losses. At September 30, 2024, the Company has an adjusted net operating loss carryforward of approximately $13,832,000 that expire through 2042. Should a cumulative change in the ownership of more than 50% occur within a three-year period, there could be an annual limitation on the use of the net operating loss carryforwards.

Deferred income taxes reflect the tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes plus any available consolidated, net deferred tax credits. Significant components of the Company’s net deferred income tax assets at September 30, 2024 and 2023, respectively are as follows:

Schedule of deferred income tax assets
	September 30, 2024			September 30, 2023
Depreciation	$	2,407		$	1,750
Allowance for credit losses		45,786			40,717
Net operating loss carryforward		3,505,693			3,449,013
Net deferred income tax asset		3,553,886			3,491,480
Less: valuation allowance		(3,553,886	)		(3,491,480	)
Total deferred income tax assets	$	-		$	-

F-19

A reconciliation of the Federal and respective State income tax rate as a percentage of income before taxes is as follows:


	September 30, 2024			September 30, 2023

Federal statutory taxes	$	(54,003	)	$	11,224
State income taxes, net of federal benefit		(14,967	)		3,111
Change in tax estimates		7,476			26,586
Less: Valuation allowance, non-deductible items		4,814			3,267
Change in valuation allowance		(56,680	)		(44,188	)
	$	-0-		$	-0-

	September 30, 2024			September 30, 2023

Federal statutory Income tax rate		21.00	%		21.00	%
State taxes, net of federal benefit		4.35	%		4.35	%
Effective rate of deferred tax asset		25.35	%		25.35	%
Less: Valuation allowance		(25.35	%)		(25.35	%)
Effective income tax rate		0.00	%		0.00	%

Management has determined that it is more likely than not that the Company will not use the NOL carryforward and has a 100% valuation allowance against the deferred asset. The reserve is based on historical experience of the Company’s operations as it has not recognized net income in its current incarnation and there is no indication of any events or conditions that would show that trend will not continue due to the Company’s current expectation of expense requirements.

F-20

Filing Compare · Cleartronic, Inc.