What changed in this filing

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Item 1. Financial Statements

2021-05-17 compared with 2021-03-19 · 169 added, 88 removed, 398 unchanged (39% of the section changed)

3 unchanged sentences

CONDENSED CONSOLIDATED BALANCE SHEETS

December 31, 2020

March 31, 2021

September 30, 2020

31 unchanged sentences

50,000,000 shares authorized,

4,433,375 shares issued and outstanding, respectively

3,911,715 and 4,433,375 shares issued and outstanding, respectively

Series D preferred stock - $.00001 par value;

14 unchanged sentences

CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS

For the Three Months ended December 31, 2020

For the Three Months ended December 31, 2019

For the Three Months ended March 31, 2021

For the Three Months ended March 31, 2020

For the Six Months ended March 31, 2021

For the Six Months ended March 31, 2020

Cost of Revenue

15 unchanged sentences

Preferred stock dividends Series A Preferred

Net income/(loss) attributable to common stockholders

Net income/(loss) per share - basic and diluted

Net income attributable to common stockholders

Net income per share - basic and diluted

Income from Continuing Operations

Net income/(loss) from discontinued operations

Net income/(loss) per common share - basic and diluted

Weighted Average of number of shares outstanding- basic and diluted

Loss from discontinued operations

Net income per common share - basic and diluted

Weighted Average of number of shares outstanding

basic and diluted

The accompanying notes are an integral part of these condensed consolidated unaudited financial statements

2 unchanged sentences

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOW

For three months

December 31, 2020

December 31, 2019

Adjustments to reconcile net loss to net cash used in

operating activities:

For six months

March 31, 2021

March 31, 2020

Cash Flows from Operating Activities

Adjustments to reconcile net income to net cash provided by operating activities:

Amortization of ReadyOp software platform

4 unchanged sentences

Prepaid expenses and other current assets

Due from related party

Assets from discontinued operations

4 unchanged sentences

Liabilities from discontinued operations

Net Cash Used in Operating Activities

Net Cash Provided By Operating Activities

Cash Flows From Financing Activities

1 unchanged sentence

Repayment of installment loan - discontinued operations

Proceeds from notes payable stockholders`

Proceeds from notes payable

Repayment of notes payable

Repayment of notes payable stockholders

Proceeds from loan payable - related party

Proceeds from loan payable - related party - discontinued operations

Cash overdraft

Net Cash (Used in)/Provided by Financing Activities

Net decrease in cash

Net increase in cash

Cash at beginning of period

5 unchanged sentences

Operating lease asset obtained for operating lease liability from discontinued operations

Deconsolidation of Voiceinterop, Inc.

The accompanying notes are an integral part of these condensed consolidated unaudited financial statements

2 unchanged sentences

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT

FOR THE THREE MONTHS ENDED DECEMBER 31, 2020

FOR THE THREE AND SIX MONTHS ENDED MARCH 31, 2021

Series A Preferred Stock

6 unchanged sentences

$(16,055,841)

Net income for the three months ended December 31, 2020

Series C Convertible Preferred shares exchanged for common shares

Net income for the six months ended March 31, 2021

Balance at March 31, 2021 (Unaudited)

$(15,949,295)

Balance at December 31, 2020 (Unaudited)

$(16,020,417)

Series C Convertible Preferred shares exchanged for common shares

Net income for the three months ended March 31, 2021

Balance at March 31, 2021 (Unaudited)

$ (15,949,295)

The accompanying notes are an integral part of these condensed consolidated unaudited financial statements

2 unchanged sentences

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' DEFICIT

FOR THE THREE MONTHS ENDED DECEMBER 31, 2019

FOR THE THREE AND SIX MONTHS ENDED MARCH 31, 2020

(Restated and Unaudited)

Series A Preferred Stock

7 unchanged sentences

$ (1,177,381)

Net income for the three months ended December 31 ,2019

Net loss for six months ended March 31 ,2020

Deconsolidation of Voiceintrop, Inc.

Acquisition of ReadyMed platform in exchange for common shares

Balance at March 31, 2020 (Restated and Unaudited)

$(16,167,449)

Balance at December 31, 2019 (Restated and Unaudited)

1 unchanged sentence

$ (1,176,209)

Deconsolidation of Voiceintrop, Inc.

Net income for three months ended March 31 ,2020

Balance at March 31, 2020 (Restated and Unaudited)

$(16,167,449)

The accompanying notes are an integral part of these condensed consolidated unaudited financial statements

2 unchanged sentences

Notes to Condensed Consolidated Financial Statements

December 31, 2020

March 31, 2021

NOTE 1 - ORGANIZATION

Cleartronic, Inc.

(the "Company") was incorporated in Florida on November 15, 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 to the ReadyOp ™ and ReadyMed ™ platform and the AudioMate IP gateways discussed below.

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In the opinion of management, all adjustments considered necessary for a fair presentation, consisting solely of normal and recurring adjustments have been made.

Operating results for the three months ended December 31, 2020 are not necessarily indicative of the results that may be expected for the fiscal year ended September 30, 2021.

Operating results for the three and six months ended March 31, 2021 are not necessarily indicative of the results that may be expected for the fiscal year ended September 30, 2021.

USE OF ESTIMATES

4 unchanged sentences

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

The Company did not own any cash equivalents on December 31, 2020 and September 30, 2020.

The Company did not own any cash equivalents on March 31, 2021 and September 30, 2020.

ACCOUNTS RECEIVABLE

5 unchanged sentences

The amount listed as Deferred Revenue is amortized monthly over the license period.

The Company provided $22,500 and $6,000 allowances for doubtful accounts as of December 31, 2020 and September 30, 2020, respectively.

The Company provided $11,000 and $6,000 allowances for doubtful accounts as of March 31, 2021 and September 30, 2020, respectively.

PROPERTY AND EQUIPMENT

11 unchanged sentences

Accordingly, the ReadyMed software platform purchased price was adjusted.

As of December 31, 2020 and September 30, 2020, the ReadyMed software platform is valued at historical costs of $0 (See Notes 6 and 7).

As of March 31, 2021 and September 30, 2020, the ReadyMed software platform is valued at historical costs of $0 (See Notes 6 and 7).

In November 2016, the Company acquired the ReadyOp software platform and the Collabria customer base from Collabria LLC.

2 unchanged sentences

The ReadyOp software platform was valued at $195,600 to be amortized over three years.

The amortization expense for the three months ended December 31, 2020 and 2019 was $0 and $10,878, respectively.

As of December 31, 2020 and September 30, 2020, ReadyOp software platform has been fully amortized.

The amortization expense for the six months ended March 31, 2021 and 2020 was $0 and $10,878, respectively.

As of March 31, 2021 and September 30, 2020, ReadyOp software platform has been fully amortized.

CONCENTRATION OF CREDIT RISK

1 unchanged sentence

Deposits held in non interest-bearing transaction accounts are insured up to a maximum of $250,000 at all FDIC-insured institutions.

As of December 31, 2020 and September 30, 2020, the Company had no cash balances in excess of FDIC insurance limits.

As of March 31, 2021 and September 30, 2020, the Company had no cash balances in excess of FDIC insurance limits.

RESEARCH AND DEVELOPMENT COSTS

The Company expenses research and development costs as incurred.

For the three months ended December 31, 2020 and 2019, the Company had $30,789 and $55,729, respectively, in research and development costs from continuing operations.

For the six months ended March 31, 2021 and 2020, the Company had $70,327 and $86,801, respectively, in research and development costs from continuing operations.

For the three months ended March 31, 2021 and 2020, the Company had $39,538 and $31,072, respectively, in research and development costs from continuing operations.

REVENUE RECOGNITION AND DEFERRED REVENUES

13 unchanged sentences

Deferred subscriber acquisition costs will be amortized over the license period.

As of December 31, 2020 and September 30, 2020, respectively, the Company recorded $19,920 and $20,900, respectively, in deferred subscriber costs, which is included as a component of prepaid expense.

As of March 31, 2021 and September 30, 2020, respectively, the Company recorded $9,100 and $20,900, respectively, in deferred subscriber costs, which is included as a component of prepaid expense.

In transactions in which hardware is sold to a customer, the Company recognizes the revenue when the hardware has been shipped to the customer.

13 unchanged sentences

Accordingly, for purposes of dilutive earnings per share, the Company excluded the effect of warrants and options.

As of December 31, 2020 and 2019, we had no options and warrants outstanding.

As of December 31, 2020 and 2019, the Company had 512,996 shares of Series A Convertible Preferred stock outstanding, which are convertible into 51,299,600 shares of common stock.

As of December 31, 2020 and 2019, we had 4,433,375 shares of Series C Convertible Preferred stock outstanding, which are convertible into 22,166,875 shares of common stock.

As of December 31, 2020 and 2019, we had 670,904 shares of Series D Preferred stock outstanding which are convertible into 3,354,520 shares of common stock.

As of December 31, 2020 and 2019, we had 3,000,000 shares of Series E Convertible Preferred stock outstanding which are convertible into 300,000,000 shares of common stock.

As of March 31, 2021 and 2020, we had no options and warrants outstanding.

As of March 31, 2021 and 2020, 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 March 31, 2021 and 2020, we had 3,911,715 and 4,433,375 shares of Series C Convertible Preferred stock outstanding, respectively, which are convertible into 19,558,575 and 22,166,875 shares of common stock, respectively.

As of March 31, 2021 and 2020, we had 670,904 shares of Series D Preferred stock outstanding which are convertible into 3,354,520 shares of common stock.

As of March 31, 2021 and 2020, we had 3,000,000 shares of Series E Convertible Preferred stock outstanding which are convertible into 300,000,000 shares of common stock.

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.

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.

14 unchanged sentences

All existing inventory is considered current and usable.

The Company recorded no reserve for obsolete inventory as of December 31, 2020 and September 30, 2020, respectively.

The Company recorded no reserve for obsolete inventory as of March 31, 2021 and September 30, 2020, respectively.

EQUITY INSTRUMENTS ISSUED TO PARTIES OTHER THAN EMPLOYEES FOR ACQUIRING GOODS OR SERVICES

The Company accounts for stock-based instruments issued for services in accordance with ASC 718 "Compensation Stock Compensation." ASC 718 requires companies to recognize in the statement of operations the grant-date fair value of stock options and other equity-based compensation issued.

The Company accounts for stock-based instruments issued for services in accordance with ASC 718 "Compensation Stock Compensation."

ASC 718 requires companies to recognize in the statement of operations the grant-date fair value of stock options and other equity-based compensation issued.

The value of the portion of a stock award that is ultimately expected to vest is recognized as an expense over the requisite service periods using the straight-line attribution method.

1 unchanged sentence

Advertising costs are expensed as incurred.

The Company had advertising costs of $3,532 and $5,378 during the three months ended December 31, 2020 and 2019, respectively.

The Company had advertising costs of $8,706 and $14,816 during the six months ended March 31, 2021 and 2020, respectively, and $5,174 and $20,194 during the three months ended March 31, 2021 and 2020, respectively.

RECENT ACCOUNTING PRONOUNCEMENTS

All other newly issued accounting pronouncements but not yet effective have been deemed either immaterial or not applicable

NOTE 3 - EQUIPMENT

At December 31, 2020 and September 30, 2020, property and equipment, net, is as follows:

December 31, 2020

All newly issued accounting pronouncements but not yet effective have been deemed either immaterial or not applicable

NOTE 3 - PROPERTY AND EQUIPMENT

At March 31, 2021 and September 30, 2020, property and equipment, net, is as follows:

March 31, 2021

September 30, 2020

2 unchanged sentences

Total Property and Equipment, net

Depreciation expense for the three months ended December 31, 2020 and 2019, was $451 and $0, respectively

Depreciation expense for the three months ended March 31, 2021 and 2020, was $451 and $0, respectively.

Depreciation expense for the six months ended March 31, 2021 and 2020, was $902 and $0, respectively

NOTE 4 - NOTES RECEVABLE

1 unchanged sentence

The maturity of the note receivable in the amount of $10,000 was extended to March 31, 2021 (See Note 7).

As of December 31, 2020, interest receivable was $324.

As of March 31, 2021, interest receivable was $480.

The note is currently in default.

On June 25, 2020, the Company entered into an unsecured note receivable in the amount of $15,000 with a shareholder which bears interest at 6% and matures on August 31, 2020.

The maturity of the note receivable in the amount of $15,000 was extended to March 31, 2021 (See Note 7).

As of December 31, 2020, interest receivable was $468.

As of March 31, 2021, interest receivable was $702.

The note is currently in default.

NOTE 5 - NOTES PAYABLE

Notes payable to Stockholders

As of December 31, 2020 and September 30, 2020, the Company had unsecured notes payable to stockholders totaling $32,832 and $48,447, respectively.

As of March 31, 2021 and September 30, 2020, the Company had unsecured notes payable to stockholders totaling $0 and $48,447, respectively.

One note with a principal balance of $17,588 was due on December 31, 2019.

3 unchanged sentences

This note requires a monthly payment of $3,405 for the next 24 months.

As of December 31, 2020 and September 30, 2020 the balance due was $32,832 and $48,447, respectively.

Interest expense on the notes payable to stockholders was $1,498 and $2,149 for the three months ended December 31, 2020 and 2019, respectively.

December 31, 2020

As of March 31, 2021 and September 30, 2020 the balance due was $0 and $48,447, respectively.

As of March 31, 2021, the note balance was paid in full.

Interest expense on the notes payable to stockholders was $542 and $2,936 for the three months ended March 31, 2021 and 2020, respectively.

Interest expense on the notes payable to stockholders was $2,040 and $5,085 for the six months ended March 31, 2021 and 2020, respectively.

March 31, 2021

September 30, 2020

6 unchanged sentences

Note Payable PPP Loan

On June 10, 2020, the Company, was granted a loan (the "Loan") from Bank of America, N.A., in the aggregate amount of $106,727, pursuant to the Paycheck Protection Program (the "PPP") under Division A, Title I of the CARES Act, which was enacted March 27, 2020.

The Loan, which was in the form of a Note dated on or about June 10, 2020 issued by the Borrower, matures on or about June 10, 2025 and bears interest at an approximate rate of 1% per annum.

3 unchanged sentences

Under the terms of the PPP, certain amounts of the Loan may be forgiven if they are used for qualifying expenses as described in the CARES Act.

December 31, 2020

March 31, 2021

September 30, 2020

9 unchanged sentences

Preferred Stock Dividends

As of December 31, 2020 and September 30, 2020, the cumulative arrearage of undeclared dividends for Series A Preferred stock totaled $93,417 and $83,071, respectively.

As of March 31, 2021 and September 30, 2020, the cumulative arrearage of undeclared dividends for Series A Preferred stock totaled $103,532 and $83,071, respectively.

Common stock issued for Conversion of C Preferred

On March 17, 2021, the holders of Series C preferred stock, converted 521,660 shares of Series C Preferred Stock into 2,608,300 shares of Common Stock.

Declaration of Stock Dividend

1 unchanged sentence

That each common shareholder would receive .075 shares of VoiceInterop common stock for each one (1) share of Cleartronic stock held by the shareholder, and that each shareholder of Series C and D Preferred stock shall receive .375 shares of VoiceInterop common stock for each one (1) share of Series C or Series D Preferred stock held by the shareholder.

The record date of the dividend distribution shall be defined as the first business day following an effective statement from the United States Securities and Exchange Commission ("SEC") regarding a pending S-1 filing.

On May 13, 2019 VoiceInterop filed an S-1 registration statement with the SEC which was approved on November 14, 2019.

4 unchanged sentences

On February 14, 2020, VoiceInterop was deconsolidated and is no longer our subsidiary.

Rent expense paid to the related party was $4,473 and $4,200 for the three months ended December 31, 2020 and 2019, respectively (See Note 8).

Rent expense during the three months ended March 31, 2021 and March 31, 2020 was $4,482, and $4,291, respectively.

Rent expense incurred during the six months ended March 31, 2021 and 2020 was $8,955 and $8,491, respectively (See Note 8).

In October 2019, the Company acquired a software platform from Collabria LLC.

6 unchanged sentences

The note requires a monthly payment of $3,405 for the next 24 months.

As December 31, 2020 and September 30, 2020, the balance due was $32,832 and $48,447, respectively (See Note 5).

As March 31, 2021 and September 30, 2020, the balance due was $0 and $48,447, respectively.

As of March 31, 2021, the note balance was paid in full (See Note 5).

On June 18, 2020, the Company entered into an unsecured note receivable in the amount of $10,000 with a shareholder which bears interest at 6% and matures on August 31, 2020.

The maturity of the note receivable in the amount of $10,000 was extended to March 31, 2021 (See Note 4).

The note is currently in default.

On June 25, 2020, the Company entered into an unsecured note receivable in the amount of $15,000 with a shareholder which bears interest at 6% and matures on August 31, 2020.

The maturity of the note receivable in the amount of $15,000 was extended to March 31, 2021 (See Note 4).

As of December 31, 2020, the Company advanced $14,420 to VoiceInterop, the Company's former wholly owned subsidiary and now 96% owned by our shareholders.

The note is currently in default.

As of March 31, 2021, the Company advanced $16,495 to VoiceInterop, the Company's former wholly owned subsidiary and now 96% owned by our shareholders.

The amount is included in due from related party on the consolidated balance sheet.

8 unchanged sentences

Upon the deconsolidation, the Company subleases the office space from VoiceInterop at approximately $1,400 per month.

Rent expense incurred during the three months ended December 31, 2020 and 2019 was $4,473 and $4,200, respectively.

Rent expense incurred during the three months ended March 31, 2021 and 2020 was $4,482 and $4,291, respectively.

Rent expense incurred during the six months ended March 31, 2021 and 2020 was $8,955 and $8,491, respectively.

Revenue and Accounts Receivable Concentration

For the three months ended December 31, 2020, one customer accounted for 11% of the Company's revenues.

No customer accounted for more than 10% of the Company's revenue for the three months ended December 31, 2019.

As of December 31, 2020, two customers accounted for approximately 31% of the Company's total outstanding accounts receivable with each customer representing 16% and 15%, respectively.

One customer accounted for more than 10% of the Companys revenue for the six months ended March 31, 2021.

No customer accounted for more than 10% of the Company's revenue for the six months ended March 31, 2020.

As of March 31, 2021, one customer accounted for approximately 20% of the Company's total outstanding accounts receivable.

As of September 30, 2020, two customers accounted for approximately 29% of the Company's total outstanding accounts receivable with each customer representing 18% and 11%, respectively.

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Exclusive Licensing Agreement

On May 5, 2017, the Company entered into an Exclusive Licensing Agreement with Sublicensing Terms (the "Agreement") with the University of Southern Florida Research Foundation, Inc.

("USFRF") relating to an exclusive license of certain patent rights in connection with one of USFRF's U.S.

On May 5, 2017, the Company entered into an Exclusive Licensing Agreement with Sublicensing Terms (the "Agreement") with the University of Southern 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.

9 unchanged sentences

On April 23, 2018, the board of Directors declared a stock dividend for certain shareholders of the Company.

The Company distributed to its shareholders owning Common Stock and Series C and D Preferred stock an aggregate of 17,819,827 shares of shares of Common Stock of VoiceInterop.

The Company distributed to its shareholders owning Common Stock and Series C and D Preferred stock an aggregate of

17,819,827 shares of shares of Common Stock of VoiceInterop.

Each common shareholder received .075 shares of VoiceInterop common stock for each one (1) share of Cleartronic stock held by the shareholder, and each shareholder of Series C and D Preferred stock received 0.375 shares of VoiceInterop common stock for each one (1) share of Series C or Series D Preferred stock held by the shareholder.

3 unchanged sentences

and discontinued operations are not presented.

The following table illustrates the reporting of the discontinued operations included in the

Condensed Consolidated Unaudited

Statements of Operations for the three months ended December 31, 2019.

For the Three

December 31, 2019

The following table illustrates the reporting of the discontinued operations included in the Statements of Operations for the period from January 1, 2020 to February 14, 2020.

For the period

From January 1, 2020

February 14, 2020

Cost of Revenue

11 unchanged sentences

Loss from discontinued operations

The following table illustrates the reporting of the discontinued operations included in the Statements of Operations for the period from October 1, 2019 to February 14, 2020.

For the period from

October 1, 2019 to

February 14, 2020

Cost of Revenue

Operating Expenses:

Selling expenses

Administrative expenses

Professional Fees

Total Operating Expenses

Loss from operations

Other Income (Expense)

Interest and other expense

Total Other Income (Expense)

Loss Before Income Taxes

Provision for Income Taxes

Loss from discontinued operations

On February 14, 2020, the Company recorded $225,316 to additional paid in capital for deconsolidation of VoiceInterop, Inc.

and discontinued operations are not presented.

Current assets:

Accounts Receivable

Operating lease asset, net

Total Assets from discontinued operations

Current liabilities:

Accounts payable and accrued expenses

Operating lease liability, current

Deferred revenue, current portion

Deferred rent, current portion

Installment loan, net, current portion

Due to related parties

Due to unrelated parties

Total Current liabilities from discontinued operations

Long Term Liabilities

Deferred revenue, net of current

Deferred rent, long term portion

Operating lease liability, net of current

Deferred revenue, current portion

Total Long term liabilities from discontinued operations

Total Liabilities from discontinued operations

Loan Payable - related party

During the years ended September 30, 2020, the Company owed $16,262 to two officers, of which $7,262 is included in liabilities from discontinued operations.

During the year ended September 30, 2020, the Company owed $16,262 to two officers, of which $7,262 is included in liabilities from discontinued operations.

The loan is non-interest bearing and payable on demand.

3 unchanged sentences

On February 14, 2020, VoiceInterop was deconsolidated and is no longer our subsidiary.

Rent expense paid to the related party was $4,473 and $4,200 for the three months ended December 31, 2020 and 2019, respectively.

Rent expense paid to the related party was $8,955 and $22,154 for the six months ended March 31, 2021 and 2020, respectively.

As of February 14, 2020, the operating lease liabilities of $66,114 and lease assets of $62,226 were included in liabilities from discontinued operations and were deconsolidated.

NOTE 10 - RESTATEMENT

The Company is restating its Condensed Consolidated Unaudited Statement of Operations, Condensed Consolidated Unaudited Statement of Cash Flow, and Condensed Consolidated Unaudited Statement of Changes in Stockholders' Deficit for the three months ended December 31, 2019.

The restatement shows the previously filed financial statements, the restatement adjustments and as restated columns for the Condensed Consolidated Unaudited Statement of Operations, Condensed Consolidated Unaudited Statement of Cash Flow, and Condensed Consolidated Unaudited Statement of Changes in Stockholders' Deficit for the three months ended December 31, 2019.

The restatement of our financial statements in this Form 10-Q reflects the correction of certain identified errors related to the valuation of ReadyMed software platform acquired in October 2019.

The table below present the impact of the restatement in the Company's condensed

consolidated unaudited

financial statements:

December 31, 2019

The table below present the impact of the restatement in the Company's condensed consolidated unaudited financial statements:

For the Three Months ended March 31, 2020

As previously

5 unchanged sentences

Net Income/(Loss) attributable to common stockholders

Net Income/(Loss) per share basic and diluted

Income/(Loss) from continuing operations

Income/(Loss) per common share - basic and diluted

December 31, 2019

For the Six Months ended March 31, 2020

As previously

Statement of Changes in Stockholders' Equity

Statement of Operations

Amortization and depreciation

Total Operating Expense

Income from continuing operations before income taxes

Net Income/(Loss)

Net Income/(Loss) attributable to common stockholders

Net Income/(Loss) per share basic and diluted

Income/(Loss) from continuing operations

Income/(Loss) per common share - basic and diluted

March 31, 2020

As previously

Statement of Changes in Stockholders Deficit

Additional Paid in Capital

2 unchanged sentences

Total Liabilities and Stockholders Deficit

December 31, 2019

March 31, 2020

As previously

5 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements