What changed in this filing

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Item 1. Financial Statements

2025-07-30 compared with 2025-05-14 · 174 added, 173 removed, 596 unchanged (37% of the section changed)

3 unchanged sentences

CONDENSED CONSOLIDATED BALANCE SHEETS

March 31, 2025

June 30, 2025

September 30, 2024

1 unchanged sentence

Cash and cash equivalents

Accounts receivable, net of an allowance for credit losses of $ 60,665 as of December 31, 2024 and $ 60,665 as of September 30, 2024

Accounts receivable, net of an allowance for credit losses of $ 60,665 as of June 30, 2025 and $ 60,665 as of September 30, 2024

Prepaid expenses and other current assets

11 unchanged sentences

Stockholders' (deficit) equity:

Series A preferred stock - $.

00001 par value;

512,996 shares

authorized, 512,996 issued and outstanding, respectively.

Series B preferred stock - $ .

00001 par value;

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.

Series D preferred stock - $.

00001 par value;

10,000,000 shares

authorized, 670,904 shares issued and outstanding, respectively.

Series E preferred stock - $.

00001 par value, 10,000,000 shares

authorized, 3,000,000 shares issued and outstanding, respectively.

Common stock - $.

00001 par value;

5,000,000,000 shares

authorized, 229,160,695 and 229,160,695, shares issued and outstanding, respectively.

Series A preferred stock - $ .00001 par value;

512,996 shares authorized, 512,996 issued and outstanding, respectively.

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.

Series D preferred stock - $ .00001 par value;

10,000,000 shares authorized, 670,904 shares issued and outstanding, respectively.

Series E preferred stock - $ .00001 par value, 10,000,000 shares authorized, 3,000,000 shares issued and outstanding, respectively.

Common stock - $ .00001 par value;

5,000,000,000 shares authorized, 229,160,695 and 229,160,695 , shares issued and outstanding, respectively.

Additional paid-in capital

9 unchanged sentences

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

June 30, 2025

June 30, 2024

June 30, 2025

June 30, 2024

Cost of Revenue

13 unchanged sentences

Net (loss) income attributable to common stockholders

$ ( 158,771 )

Net (loss) income per common share - basic

8 unchanged sentences

IN STOCKHOLDERS' EQUITY/(DEFICIT)

FOR THE THREE AND SIX MONTHS ENDED MARCH 31,

Series A Preferred

Series B Preferred

Preferred Stock

FOR THE THREE AND NINE MONTHS ENDED JUNE 30,

Series A Preferred Stock

Series B Preferred Stock

Series C Preferred Stock

Series D Preferred Stock

Series E Preferred Stock

Additional Paid-in

Stockholders'

2 unchanged sentences

$ ( 202,431 )

Net loss for the three months ended December 31,2024

Balance at December 31, 2024 (Unaudited)

Net loss for the nine months ended June 30, 2025

Balance at June 30, 2025 (Unaudited)

$ 229,160,695

$ ( 15,572,979 )

Net loss for the three months ended March 31, 2025

$ ( 330,510 )

Balance at March 31, 2025 (Unaudited)

1 unchanged sentence

$ ( 279,648 )

Net loss for the three months ended June 30, 2025

Balance at June 30, 2025 (Unaudited)

$ 229,160,695

$ ( 15,572,979 )

$ ( 330,510 )

The accompanying notes are an integral part of

4 unchanged sentences

IN STOCKHOLDERS' EQUITY

FOR THE THREE AND SIX MONTHS ENDED MARCH 31,

FOR THE THREE AND NINE MONTHS ENDED JUNE 30,

Series A Preferred Stock

Series B Preferred Stock

Series C Preferred Stock

Series D Preferred Stock

Series E Preferred Stock

Stockholders'

1 unchanged sentence

$ ( 15,237,292 )

Net income for the three months ended December 31, 2023

Balance at December 31, 2023 (Unaudited)

Net income for the nine months ended June 30, 2024

Balance at June 30, 2024 (Unaudited)

$ ( 15,212,860 )

Net income for the three months ended March 31, 2024

Balance at March 31, 2024 (Unaudited)

Balance at March 31, 2024

$ ( 15,297,716 )

Net income for the three months ended June 30, 2024

Balance at June 30, 2024 (Unaudited)

$ ( 15,212,860 )

The accompanying notes are an integral part of

3 unchanged sentences

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW

For the Six Months

March 31, 2025

March 31, 2024

For the Nine Months

June 30, 2025

June 30, 2024

NET (LOSS) INCOME

$ ( 128,079 )

Cash Flows From Operating Activities

2 unchanged sentences

Amortization of operating lease - right-of-use asset

Extinguishment of liabilities

Provision for credit losses

Loss on sale of fixed asset

(Increase) decrease in assets:

Accounts receivable

16 unchanged sentences

Cash paid for taxes

The accompanying notes are an integral part of

these consolidated financial statements

CLEARTRONIC, INC.

1 unchanged sentence

Notes to Condensed Consolidated Financial Statements

March 31, 2025

June 30, 2025

NOTE 1 - ORGANIZATION

23 unchanged sentences

of Securities of Form 10-K as filed with the Securities and Exchange Commission (the “Commission”) on March 21, 2025.

results of operations for the three and six months ended March 31, 2025, are not necessarily indicative of results to be expected for

results of operations for the three and nine months ended June 30, 2025, are not necessarily indicative of results to be expected for

any other interim period or the fiscal year ending September 30, 2025.

17 unchanged sentences

The Treasury Bills have

remaining terms ranging from four-weeks to thirteen weeks on March 31, 2025.

remaining terms ranging from four-weeks to thirteen weeks on June 30, 2025.

Treasury Bills with an original maturity date of

three months or less are included within cash and cash equivalents on the balance sheet at March 31, 2025.

three months or less are included within cash and cash equivalents on the balance sheet at June 30, 2025.

ACCOUNTS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES

10 unchanged sentences

The Company provided $ 60,665 and $ 60,665 allowances for doubtful accounts

as of March 31, 2025, and September 30, 2024, respectively.

as of June 30, 2025, and September 30, 2024, respectively.

Inventory consists of components held for assembly and finished goods

5 unchanged sentences

All existing inventory is considered current and usable.

The Company recorded no reserve for obsolete inventory as of March 31,

The Company recorded no reserve for obsolete inventory as of June 30,

2025 and September 30, 2024, respectively.

At March 31, 2025 inventory was $ 34,921 of raw materials and finished

At June 30, 2025 inventory was $ 30,103 of raw materials and finished

At September 30, 2024, inventory was $ 41,532 of raw materials and finished

2 unchanged sentences

subscriber costs and prepaid expenses.

Deferred subscriber costs totaled $ 12,750 and $ 38,250 at March 31, 2025 and September 30, 2024,

Deferred subscriber costs totaled $ 51,000 and $ 38,250 at June 30, 2025 and September 30, 2024,

respectively.

Prepaid expenses totaled $ 77,213 and $ 82,196 at March 31, 2025 and September 30, 2024, respectively.

Prepaid expenses totaled $ 148,184 and $ 82,196 at June 30, 2025 and September 30, 2024, respectively.

PROPERTY AND EQUIPMENT

9 unchanged sentences

of the assets exceeds the fair value of the assets.

There were no impairments recorded during the three and six

months ended March 31, 2025 and 2023, respectively.

There were no impairments recorded during the three and nine

months ended June 30, 2025 and 2024, respectively.

INTANGIBLE ASSETS – FedRamp

4 unchanged sentences

recognized an impairment loss of $ 44,373 for the year ended September 30, 2024.

At March 31, 2025 and September 30, 2024, intangible assets, net, is

At June 30, 2025 and September 30, 2024, intangible assets, net, is

Schedule of intangible assets

For the six months

March 31, 2025

For the nine months

June 30, 2025

September 30, 2024

31 unchanged sentences

Intangible Assets - Client List

At March 31, 2025 and September 30, 2024, intangible asset –

client list, net, is as follows:

At June 30, 2025 and September 30, 2024, intangible asset – client

list, net, is as follows:

Schedule of intangible assets

For the six months

March 31, 2025

For the nine months

June 30, 2025

September 30, 2024

2 unchanged sentences

Total Intangible Assets, net

Amortization expense for the six months ended March 31, 2025 and 2023,

Amortization expense for the nine months ended June 30, 2025 and 2024,

was $ 7,500 and $ 0 , respectively.

Estimated future amortization expense for the six months ended March

Estimated future amortization expense for the nine months ended June

Schedule of estimated future amortization expense

3 unchanged sentences

institutions.

As of March 31, 2025 and September 30, 2024, the Company had $ 0 and $ 92,982 , respectively, in excess of FDIC insured limits.

As of June 30, 2025 and September 30, 2024, the Company had $ 0 and $ 92,982 , respectively, in excess of FDIC insured limits.

RESEARCH AND DEVELOPMENT COSTS

The Company expenses research and development costs as incurred.

For the three months ended March 31, 2025 and 2024, the Company had

For the three months ended June 30, 2025 and 2024, the Company had

$ 2,000 and $ 2,000 respectively, in research and development costs.

For the six months ended March 31, 2025 and 2024, the Company had $ 6,000

For the nine months ended June 30, 2025 and 2024, the Company had $ 8,000

and $ 18,603 respectively, in research and development costs.

38 unchanged sentences

revenue in proportion to the amount it has the right to invoice for services performed.

As of March 31, 2025 and September 30, 2024, respectively, the Company

As of June 30, 2025 and September 30, 2024, respectively, the Company

recorded $ 1,386,300 and $ 1,373,325 , respectively, in deferred revenue.

3 unchanged sentences

For the three months ended

March 31, 2025

March 31, 2024

June 30, 2025

June 30, 2024

Licensing of ReadyOp Software

Hardware Sales and Consulting

For the six months ended

March 31, 2025

March 31, 2024

For the nine months ended

June 30, 2025

June 30, 2024

Licensing of ReadyOp Software

2 unchanged sentences

The following table provides a summary of the changes included in deferred

revenue during the six months ended March 31, 2025 and year ended September 30, 2024:

revenue during the nine months ended June 30, 2025 and year ended September 30, 2024:

Schedule of deferred revenue

For the three months

March 31, 2025

June 30, 2025

September 30, 2024

5 unchanged sentences

Ending balance

(1) Customer billings for services not yet rendered and hardware not

yet installed

(2) Revenue recognized in the current year related to the deferred

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

Revenue recognized in the current year related to the deferred liability

EARNINGS PER SHARE

29 unchanged sentences

shares assumed issued and the number of shares assumed purchased) shall be included in the denominator of the diluted EPS computation.

As of March 31, 2025 and 2024, we had no options and warrants outstanding.

As of March 31, 2025 and 2024, we had 512,996 shares of Series A Convertible

As of June 30, 2025 and 2024, we had no options and warrants outstanding.

As of June 30, 2025 and 2024, 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, 2025 and 2024, we had 3,133,503 shares of Series

As of June 30, 2025 and 2024, 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 March 31, 2025 and 2024, we had 670,904 shares of Series D Preferred

As of June 30, 2025 and 2024, 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, 2025 and 2024, 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 three and six months ended March 31, 2025 and 2024:

As of June 30, 2025 and 2024, 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 three and nine months ended June 30, 2025 and 2024:

Schedule of diluted earnings per share

For the three months

March 31, 2025

June 30, 2025

For the three months

March 31, 2024

June 30, 2024

Net (loss) income attributable to common stockholders for the period

2 unchanged sentences

The following table sets for the computation of diluted earnings per

Schedule of computation of diluted earnings

the three months

Schedule of computation of diluted earnings per share

For the three months

June 30, 2025

For the three months

June 30, 2024

Net (loss) income attributable to common stockholders for the period

5 unchanged sentences

Diluted earnings per share

For the six months

March 31, 2025

For the six months

March 31, 2024

Net (loss) income attributable to common stockholders for the period

For the nine months

June 30, 2025

For the nine months

June 30, 2024

Net (loss) attributable to common stockholders for the period

$ ( 158,771 )

Weighted average number of shares outstanding

1 unchanged sentence

The following table sets for the computation of diluted earnings per

the six months

Net (loss) income attributable to common stockholders for the period

For the nine months

June 30, 2025

For the nine months

June 30, 2024

Net (loss) attributable to common stockholders for the period

$ ( 158,771 )

Preferred stock dividends

Adjusted net (loss) income

$ ( 128,079 )

Weighted average number of shares outstanding

10 unchanged sentences

of ASC 820 to the Company’s consolidated financial statements.

ASC 820 also describes three levels of inputs that may be used to

measure fair value:

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

Observable inputs that reflect unadjusted quoted prices

12 unchanged sentences

or credit risks arising from these financial instruments.

As of March 31, 2025 and September 30, 2024, we held no assets that

As of June 30, 2025 and September 30, 2024, 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 six months ended March 31, 2025 and year ended September 30, 2024, respectively.

the nine months ended June 30, 2025 and year ended September 30, 2024, respectively.

ADVERTISING COSTS

1 unchanged sentence

The Company had advertising

costs of $ 3,784 and $ 38,108 during the three months ended March 31, 2025 and 2024, respectively.

costs of $ 2,523 and $ 17,889 during the three months ended June 30, 2025 and 2024, respectively.

Advertising costs are expensed as incurred.

The Company had advertising

costs of $ 12,237 and $ 60,692 during the six months ended March 31, 2025 and 2024, respectively.

costs of $ 14,760 and $ 40,594 during the nine months ended June 30, 2025 and 2024, respectively.

RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS

28 unchanged sentences

We operate as one segment, and ReadyOp facilitates the marketing

and sales of subscriptions to the ReadyOp™ and ReadyMed ™ platforms and the AudioMate IP gateways.

Segment information is

further described in Note 8.

and sales of subscriptions to the ReadyOp™, ReadyMed ™ and Alastar platforms and the AudioMate IP gateways.

Segment information

is further described in Note 8.

LEASE ACCOUNTING

2 unchanged sentences

available for use by the lessor.

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,

We currently have no lease agreements in place

When we have a lease agreement with lease and non-lease components,

we 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

7 unchanged sentences

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.

If a 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.

In general, leases, where we are the lessee, may include options to

20 unchanged sentences

The tables below present information regarding the Company’s

operating lease assets and liabilities at March 31, 2025 and September 30, 2024:

operating lease assets and liabilities at June 30, 2025 and September 30, 2024:

Schedule of operating lease assets and liabilities

March 31, 2025

June 30, 2025

September 30, 2024

11 unchanged sentences

Right-of-use asset obtained in exchange for new operating lease liability

At March 31, 2025, the Company has no financing leases as defined in

At June 30, 2025, 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 March 31, 2025:

or remaining non-cancelable lease terms in excess of one year at June 30, 2025:

Schedule of future minimum lease payments required under leases

5 unchanged sentences

NOTE 3 – PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS

At March 31, 2025 and September 30, 2024, property and equipment, net,

At June 30, 2025 and September 30, 2024, property and equipment, net,

is as follows:

Schedule of property and equipment net

For the six months

March 31, 2025

For the nine months

June 30, 2025

September 30, 2024

2 unchanged sentences

Total Property and Equipment, net

Depreciation expense for the three months ended March 31, 2025 and

Depreciation expense for the three months ended June 30, 2025 and 2024,

was $ 2,913 and $ 2,293 , respectively.

Depreciation expense for the six months ended March 31, 2025 and 2024,

Depreciation expense for the nine months ended June 30, 2025 and 2024,

was $ 9,076 and $ 5,140 , respectively.

1 unchanged sentence

Preferred Stock Dividends

As of March 31, 2025 and September 30, 2024, the cumulative arrearage

of undeclared dividends for Series A Preferred stock totaled $ 267,790 and $ 247,329 , respectively and $ 20,461 for the six months ended

March 31, 2025.

As of June 30, 2025 and September 30, 2024, the cumulative arrearage

of undeclared dividends for Series A Preferred stock totaled $ 278,021 and $ 247,329 , respectively and $ 30,692 for the nine months ended

June 30, 2025.

As of the date of this report, we have 200,000,000 authorized shares

8 unchanged sentences

Pursuant to our Articles of Incorporation establishing our preferred

● 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 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

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

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

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.

Finally, each one share of our Series E Preferred Stock shall be convertible into 100 shares of our common stock.

Preferred Stock Classification

4 unchanged sentences

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

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.

15 unchanged sentences

or discontinued at any time.

As of March 31, 2025 and 2023, no common stock was repurchased.

As of June 30, 2025 and 2023, no common stock was repurchased.

NOTE 5 - RELATED PARTY TRANSACTIONS

During the three months ended March 31, 2025 and 2024, the Company

paid $ 9,000 and $ 9,000 , respectively, to a related party consultant.

During the six months ended March 31, 2025 and 2024, the Company paid

During the three months ended June 30, 2025 and 2024, the Company paid

$ 9,000 and $ 9,000 , respectively, to a related party consultant.

During the nine months ended June 30, 2025 and 2024, the Company paid

$ 27,000 and $ 30,000 , respectively, to a related party consultant.

As of September 30, 2024, the Company owed $ 1,024 to the Company's

19 unchanged sentences

and increases to $ 2,198 in year two.

The lease expired on March 31, 2025.

On January 1, 2023, upon adoption of ASC 842, the

Company will recognized right-to-use assets as operating leases and operating lease obligations.

Effective January 1, 2025, the Company

has a month-to-month lease.

Rent expense incurred during the six months ended March 31, 2025 and

The lease expired on June 30, 2025.

On January 1, 2023, upon adoption of ASC 842, the Company

will recognized right-to-use assets as operating leases and operating lease obligations.

Effective January 1, 2025, the Company has

a month-to-month lease.

Rent expense incurred during the nine months ended June 30, 2025 and

2024 was $ 16,483 and $ 21,266 , respectively.

Revenue and Accounts Receivable Concentration

For the three months ended March 31, 2025, no customer accounted for

For the three months ended June 30, 2025, no customer accounted for

more than 10 % of the Company’s revenues.

For the three months ended March 31, 2024, one customer accounted for

For the three months ended June 30, 2024, one customer accounted for

27 % of the Company’s revenues.

For the six months ended March 31, 2025, no customer accounted for

more than 10 % of the Company’s revenues.

For the six months ended March 31, 2024, no customer accounted for

For the nine months ended June 30, 2025, no customer accounted for

more than 10 % of the Company’s revenues.

As of March 31, 2025, no customer accounted for more than 10 % of the

For the nine months ended June 30, 2024, two customer accounted for

22.95 % of the Company’s revenues.

As of June 30, 2025, six customers accounted for more than 10 % of the

Company’s total outstanding accounts receivable.

2 unchanged sentences

Deferred Revenue Concentration

As of March 31, 2025, no customer accounted for more than 10 % of the

Company’s total outstanding deferred revenue.

As of June 30, 2025, one customer accounted for 27.20 % of the Company’s

total outstanding deferred revenue.

As of September 30, 2024, no customer accounted for more than 10 % of

39 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