What changed in this filing

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Item 1. Business

2025-03-21 compared with 2023-12-21 · 262 added, 227 removed, 7 unchanged (99% of the section changed)

Company was initially incorporated on November 15, 1999, as Menu Sites, Inc., a Florida corporation.

On March 9, 2001, the Companys

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 Companys name was changed to Cleartronic, Inc.

current operations are conducted through the Companys 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.

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).

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, doctors 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.

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.

requires no new or on-site hardware or programming by clients and provides multiple options for communications including radio interoperability

using the Companys AudioMate gateways.

Plans and operations can be built and stored securely in ReadyOp on a by-location, region

and systemwide basis.

Assets can be listed along with their location, person to contact and other information that may be needed.

Diagrams, charts, maps, pictures, report forms and other documentation can be securely stored yet immediately available securely

from any location.

ReadyOp also provides efficient planning and response for responding to disasters and for continuity of operations

(COOP) and recovery.

ReadyOp is the COOP platform for multiple organizations including many federal agencies.

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

In exchange for this asset, the Company issued

12,000,000 shares of Common stock of the Company.

ReadyMed is a web-based secure communications platform initially designed for the healthcare

This includes hospitals, clinics, doctors offices, health insurance companies, workers compensation insurance companies and

many other segments of the healthcare industry.

The platform provides caregivers with patient tracking capability and allows physicians

and other healthcare entities to track patient progress after medical treatment and/or release from hospital care.

The software also

enables monitoring and reporting of patients in medium- and long-term care.

Additionally, the platform provides secure communications

capabilities and recordkeeping to track the healing process of patients, record their recovery and monitor their medications.

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 ReadyMed capabilities to clients and usually refers to the platform as ReadyOp to avoid confusion

in the marketplace of two products.

Company offers a proprietary line of Internet Protocol Gateways branded as AudioMate 360 IP Gateway .

The AudioMate 360 IP Gateway

was designed to provide an Internet Protocol Gateway to users of unified group communications.

The AudioMate units are currently

being sold directly to end-users by the Companys sales teams and by Value Added Resellers (VARs).

More than 1,000 end-users

in the United States and 18 foreign countries have purchased the Companys AudioMate gateways.

Although other devices are available that

perform the same or similar functions, we believe that our price for the AudioMate 360 IP Gateway is competitive with prices other

companies are charging for similar devices.

and Intellectual Property

business will be dependent in part on our intellectual property.

For projects that are in development, we intend to rely on intellectual

property rights afforded by trademark and trade secret laws, as well as confidentiality procedures, licensing arrangements and potential

patent filings.

These measures are to establish and protect our rights to the technology and other intellectual property.

We cannot foretell

if these procedures and arrangements will be adequate in protecting our intellectual property.

March 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

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.

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 of 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.

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.

Protocol Gateways and their related manufacturing processes are covered by a large number of patents and patent applications.

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.

trade secrets and other means of protection upon which the Company relies may not adequately protect us, the Companys 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.

Licensing Agreement

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 USFRFs U.S.

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.

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

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

It is planned that all operations and marketing of the Alastar platform will be conducted in the ReadyOp Communications subsidiary

in conjunction with the current ReadyOp and ReadyMed activities.

ReadyOp™ Software

ReadyOp is a proprietary, innovative web-based planning and communications

platform for efficiently and effectively planning, managing, communicating, and directing operations and emergency response.

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.

ReadyOp requires no new or on-site hardware or programming by clients and

provides multiple options for communications including radio interoperability using the Company’s AudioMate gateways.

Plans and operations

can be built and stored securely in ReadyOp on a by-location, region and systemwide basis.

Assets can be listed along with their location,

person to contact and other information that may be needed.

Diagrams, charts, maps, pictures, report forms and other documentation can

be securely stored yet immediately available securely from any location.

ReadyOp also provides efficient planning and response for responding

to disasters and for continuity of operations (COOP) and recovery.

ReadyOp is the COOP platform for multiple organizations including many

federal agencies.

ReadyMed™ Software

In October 2019, the Company acquired the ReadyMed software platform from

Collabria LLC.

In exchange for this asset, the Company issued 12,000,000 shares of Common stock of the Company.

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 platform provides

caregivers with patient tracking capability and allows physicians and other healthcare entities to track patient progress after medical

treatment and/or release from hospital care.

The software also enables monitoring and reporting of patients in medium- and long-term care.

Additionally, the platform provides secure communications capabilities and recordkeeping to track the healing process of patients, record

their recovery and monitor their medications.

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 ReadyMed capabilities to clients and usually

refers to the platform as ReadyOp to avoid confusion in the marketplace of two products.

AudioMate IP Gateways

The Company offers a proprietary line of Internet Protocol Gateways branded

as AudioMate 360 IP Gateway .

The AudioMate 360 IP Gateway was designed to provide an Internet Protocol Gateway to users

of unified group communications.

The AudioMate units are currently being sold directly to end-users by the Company’s sales teams and by

Value Added Resellers (“VARs”).

More than 1,000 end-users in the United States and 18 foreign countries have purchased the Company’s

AudioMate gateways.

Although other devices are available that perform the same or similar functions, we believe that our price for the

AudioMate 360 IP Gateway is competitive with prices other companies are charging for similar devices.

Patents and Intellectual Property

Our business will be dependent in part on our intellectual property.

projects that are in development, we intend to rely on intellectual property rights afforded by trademark and trade secret laws, as well

as confidentiality procedures, licensing arrangements and potential patent filings.

These measures are to establish and protect our rights

to the technology and other intellectual property.

We cannot foretell if these procedures and arrangements will be adequate in protecting

our intellectual property.

On March 13, 2012, the United States Patent Office notified the Company

Patent Number 8,135,001 B1 had been granted for the 34 claims of our patent application for Multi Ad Hoc Interoperable Communicating

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 of 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.

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.

Internet Protocol Gateways and their related manufacturing processes are

covered 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.

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.

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.

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.

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 Licensees obligation to pay royalties expires.

Company paid USFRF a License Issue Fee of $6,000 and $2,373 as reimbursement of expenses associated with the filing of the Licensed Patent

for the year ended September 30, 2023.

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 as follows:

every year thereafter on the same date, for the life of the agreement.

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 as are offered to other purchasers in such financing.

Technological Change Could Render the Companys Products Obsolete

Companys 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 new products embodying new technologies

and the emergence of new industry standards could render our existing products obsolete.

The Companys 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.

to government entities are subject to a number of challenges and risks.

ReadyOp platform is a Cloud 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 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.

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.

of Our Business

do not anticipate that our business will be affected by seasonal factors.

are affected by inflation along with the rest of the economy.

Specifically, our costs to complete our products could rise if specific

components needed incur an increase in cost.

Manufacturing

and Suppliers

have outsourced the manufacturing of our AudioMate 360 IP Gateway .

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.

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.

The Company paid USFRF a License Issue Fee of $8,000 and $6,000 as reimbursement

of expenses associated with the filing of the Licensed Patent for the year ended September 30, 2024 and September 30, 2023, respectively.

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 as follows:

-and every year 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 as are offered to other

purchasers in such financing.

Rapid Technological Change Could Render the Company’s Products Obsolete

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

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 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

Sales to government entities are subject to a number of challenges and

The ReadyOp platform is a Cloud 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 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.

Seasonality of Our Business

We do not anticipate that our business will be affected by seasonal factors.

Impact of Inflation

We are affected by inflation along with the rest of the economy.

Specifically,

our costs to complete our products could rise if specific components needed incur an increase in cost.

Manufacturing and Suppliers

We have outsourced the manufacturing of our AudioMate 360 IP Gateway .

This outsourcing has allowed us to:

costly capital expenditures for the establishment of manufacturing operations;

on the design, development, sales and support of our products and services;

the scale, expertise and purchasing power of specialized contract manufacturers.

Company 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 Companys 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.

are not aware of any direct competitors for ReadyOp and ReadyMed that offer the same combinations of capabilities and function.

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.

unified communications industry where the Companys gateways are offered is competitive.

The Company will continue to offer the AudioMate

gateways, but primarily in conjunction with the ReadyOp platform to provide radio interoperability.

Competition for an integrated radio

and operations platform is limited and the Company will continue to market the ReadyOp platform, both with the gateways and without.

and Marketing

ReadyOp/ReadyMed platform is currently marketed through a combination of inside salespersons and outside sales groups.

We intend to expand

the use of commissioned sales groups and individual sales representatives to market and sell our programs and gateways.

Personnel of Cleartronic

future financial success depends to a large degree upon the personal efforts of our key personnel, Michael M.

Moore, our Chief Executive

Officer (CEO) and Director, and Larry M.

Reid, our Chief Financial Officer (CFO), Secretary and Director.

They and their designees play

the major role in securing persons capable of developing and executing the Companys business strategy.

While the Company intends to

employ additional executive, development and technical personnel in order to minimize dependency upon any one person, we may not be successful

in attracting and retaining the persons needed.

present, Cleartronic has two executive officers, Michael M.

Moore and Larry M.

● Avoid costly capital expenditures for the establishment of manufacturing operations;

● Focus on the design, development, sales and support of our products and services;

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

Currently, Company 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.

We are not aware of any direct competitors for ReadyOp, ReadyMed or the

Alastar platform that offer the same combinations of capabilities 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.

increased competition in the future.

We continue to develop and enhance the ReadyOp/ReadyMed platforms and to integrate the Alastar platform

capabilities into ReadyOp to improve the value and increase the potential market size and growth of our client clientele.

The unified communications industry where the Company’s gateways are offered

is competitive.

The Company will continue to offer the AudioMate gateways, but primarily in conjunction with the ReadyOp platform to provide

radio interoperability.

Competition for an integrated radio and operations platform is limited and the Company will continue to market

the ReadyOp platform, both with the gateways and without.

Sales and Marketing

The ReadyOp/ReadyMed platform is currently marketed through a combination

of inside salespersons and outside sales groups.

We intend to expand the use of commissioned sales groups and individual sales representatives

to market and sell our programs and gateways.

We will also begin to offer the Alastar platform as an operational capability for current

and prospective clients.

Key Personnel of Cleartronic

Our future financial success depends to a large degree upon the personal

efforts of our key personnel, Michael M.

Moore, our Chief Executive Officer (CEO) and Director, and Larry M.

Reid, our Chief Financial

Officer (CFO), Secretary and Director.

They and their designees play the major role in securing persons capable of developing and executing

the Company’s business strategy.

While the Company intends to employ additional executive, development and technical personnel in order

to minimize dependency upon any one person, we may not be successful in attracting and retaining the persons needed.

At present, Cleartronic has two executive officers, Michael M.

A copy of the employment agreement with Mr.

has been previously filed on January 13, 2016 as an exhibit to a Form 10-K.

Moore has been previously filed on January 13, 2016 as an exhibit to a Form

Moore is paid a base salary of $16,667 per month.

April 20, 2022, the annual compensation increased to $220,000.

Certain Relationships and Related Transactions and

Director Independence.

March 2015, the Company entered into a new employment agreement with the Companys CFO, Larry M.

Effective April 20, 2022, the annual compensation increased to $220,000.

“Certain Relationships and Related Transactions and Director Independence.”

In March 2015, the Company entered into a new employment agreement with

the Company’s CFO, Larry M.

Reid (the “Agreement”).

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.

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.

the Company shall have given Mr.

Reid written notice at 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.

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.

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.

Unless the Company shall have given Mr.

Reid written notice

at least 30 days prior to the Termination Date, the employment agreements automatically renew and continue in effect for additional one-year

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.

Financial Results for Cleartronic May Be Affected by Factors Outside of Our Control

future operating results may vary from quarter to quarter due to a variety of factors, many of which are outside our control.

Our 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.

transfer agent is ClearTrust, LLC, whose address is 16540 Pointe Village Drive, Suite 206, Lutz, Florida 33558, and telephone number

is (813) 235-4490.

Contact Information

principal executive offices are located at 28050 US Highway 19 N., Ste 310, Clearwater, FL 33761, telephone (813) 240-0307.

email address is info@cleartronic.com.

The Cleartronic Internet website is www.cleartronic.com and the ReadyOp website is www.readyop.com .

The information contained in our website does not constitute part of this report.

notice of Termination.

The Financial Results for Cleartronic May Be Affected by Factors Outside

of Our Control

Our future operating results may vary from quarter to quarter due to a

variety of factors, many of which are outside our control.

Our 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.

Transfer Agent

Our transfer agent is ClearTrust, LLC, whose address is 16540 Pointe Village

Drive, Suite 206, Lutz, Florida 33558, and telephone number is (813) 235-4490.

Company Contact Information

Our principal executive offices are 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 website is

www.cleartronic.com and the ReadyOp website is www.readyop.com .

The information contained in our website does not constitute

part of this report.

Risk Factors.

Not applicable.

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-K

Item 1. Business