What changed in this filing

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Item 1. Financial Statements

2026-02-13 compared with 2025-07-30 · 147 added, 211 removed, 559 unchanged (39% of the section changed)

3 unchanged sentences

CONDENSED CONSOLIDATED BALANCE SHEETS

June 30, 2025

December 31, 2025

September 30, 2025

1 unchanged sentence

Cash and cash equivalents

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

Accounts receivable, net of an allowance for credit losses of $ 122,480 as of December 31, 2025 and $ 150,308 as of September 30, 2025

Prepaid expenses and other current assets

2 unchanged sentences

Intangible Asset - customer list, net

Operating lease - right-of-use asset

LIABILITIES AND STOCKHOLDERS' DEFICIT

2 unchanged sentences

Deferred revenue

Operating lease liability

Total liabilities

2 unchanged sentences

Series A preferred stock - $ .00001 par value;

1,250,000 shares authorized;

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

19 unchanged sentences

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

June 30, 2025

June 30, 2024

June 30, 2025

June 30, 2024

For the Three Months

December 31, 2025

For the Three Months

December 31, 2024

Cost of Revenue

5 unchanged sentences

Total Operating Expenses

Gain on the settlement of accounts payable

Interest income/expense, net

Total Other Income/(Expenses)

Loss (Income) before income taxes

Loss before income taxes

Provision for income taxes from continuing operations

Net (loss) income

Net income (loss)

Preferred stock dividends Series A Preferred

Net (loss) income attributable to common stockholders

$ ( 158,771 )

Net (loss) income per common share - basic

Net (loss) income per common share - diluted

Net income (loss) attributable to common stockholders

Net income (loss) per common share - basic

Net income (loss) per common share - diluted

Weighted Average of number of shares outstanding - basic

6 unchanged sentences

IN STOCKHOLDERS' EQUITY/(DEFICIT)

FOR THE THREE AND NINE MONTHS ENDED JUNE 30,

FOR THE THREE MONTHS ENDED DECEMBER 31, 2025

Series A Preferred Stock

3 unchanged sentences

Series E Preferred Stock

Additional Paid-in

Stockholders'

Balance at September 30, 2024

$ ( 15,444,900 )

$ ( 202,431 )

Net loss for the nine months ended June 30, 2025

Balance at June 30, 2025 (Unaudited)

$ 229,160,695

$ ( 15,572,979 )

$ ( 330,510 )

Balance at March 31, 2025 (Unaudited)

$ ( 15,522,117 )

Balance at September 30, 2025 (Audited)

$ ( 15,599,119 )

Net loss for the three months ended June 30, 2025

Balance at June 30, 2025 (Unaudited)

$ ( 356,650 )

Net income for the three months ended December 31, 2025

Balance at December 31, 2025 (Unaudited)

$ ( 15,404,313 )

5 unchanged sentences

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES

IN STOCKHOLDERS' EQUITY

FOR THE THREE AND NINE MONTHS ENDED JUNE 30,

IN STOCKHOLDERS' EQUITY/(DEFICIT)

FOR THE THREE MONTHS ENDED DECEMBER 31, 2024

Series A Preferred Stock

4 unchanged sentences

Stockholders'

Balance at September 30, 2023

Balance at September 30, 2024 (Audited)

$ ( 15,444,900 )

Net income for the nine months ended June 30, 2024

Balance at June 30, 2024 (Unaudited)

$ ( 202,431 )

Balance at March 31, 2024

Net loss for the three months ended December 31, 2024

Balance at December 31, 2024 (Unaudited)

$ ( 15,494,025 )

Net income for the three months ended June 30, 2024

Balance at June 30, 2024 (Unaudited)

$ ( 251,556 )

3 unchanged sentences

AND SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW

For the Nine Months

June 30, 2025

June 30, 2024

NET (LOSS) INCOME

$ ( 128,079 )

CONSOLIDATED STATEMENTS OF CASH FLOW

For the Three Months

December 31, 2025

December 31, 2024

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

Recovery of credit losses

(Increase) decrease in assets:

5 unchanged sentences

Operating lease liability

Net Cash (Used in) Provided by Operating Activities

Net Cash Provided by Operating Activities

Cash Flows From Investing Activities

Purchase of fixed assets

Purchase of intangible assets

Net Cash Used in Investing Activities

8 unchanged sentences

these consolidated financial statements

CLEARTRONIC, INC.

AND SUBSIDIARY

Notes to Condensed Consolidated Financial Statements

June 30, 2025

December 31, 2025

NOTE 1 - ORGANIZATION

5 unchanged sentences

ReadyOp facilitates the marketing and sales of

subscriptions to the ReadyOp™, ReadyMed ™ and Alastar ™ platforms and the AudioMate IP gateways discussed below.

subscriptions to the ReadyOp™, ReadyMed ™ Alastar platforms and the AudioMate IP gateways discussed below.

The Company’s fiscal year end is September 30.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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with the Company’s audited financial statements for the year ended September 30, 2025, contained in our General Form for Registration

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 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.

of Securities of Form 10-K as filed with the Securities and Exchange Commission (the “Commission”) on December 30, 2025.

results of operations for the three months ended December 31, 2025, are not necessarily indicative of results to be expected for any other

interim period or the fiscal year ending September 30, 2026.

USE OF ESTIMATES

16 unchanged sentences

The Treasury Bills have

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 June 30, 2025.

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

Treasury Bills with an original maturity date

of three months or less are included within cash and cash equivalents on the balance sheets at December 31, 2025 and September

ACCOUNTS RECEIVABLE AND ALLOWANCE FOR CREDIT LOSSES

9 unchanged sentences

receivable balance not collected within its contractual terms.

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

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

The Company provided $ 122,480 and $ 150,308 allowances for doubtful

accounts as of December 31, 2025, and September 30, 2025, 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 June 30,

The Company recorded no reserve for obsolete inventory as of December

31, 2025 and September 30, 2025, respectively.

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

At December 31, 2025 inventory was $ 101,372 of raw materials and finished

At September 30, 2025, inventory was $ 103,524 of raw materials and

finished goods.

PREPAID EXPENSES AND OTHER CURRENT ASSETS

1 unchanged sentence

subscriber costs and prepaid expenses.

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

Deferred subscriber costs totaled $ 25,500 and $ 38,250 at December 31, 2025 and September 30, 2025,

respectively.

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

Prepaid expenses totaled $ 118,450 and $ 94,101 at December 31, 2025 and September 30, 2025, 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 nine

months ended June 30, 2025 and 2024, respectively.

INTANGIBLE ASSETS – FedRamp

During the year ended September 30, 2024, the Company conducted an

impairment assessment in accordance with ASC 350-30-35 and determined that all previously capitalized amounts associated with the Company’s

expenses related to its FedRAMP certification are no longer deemed recoverable as described in ASC 350-30-35.

As a result, the Company

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

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

Schedule of intangible assets

For the nine months

June 30, 2025

September 30, 2024

Intangible Assets

Impairment Loss

Total Intangible Assets, net

There were no impairments recorded during the three months

ended December 31, 2025 and 2024, respectively.

ASSET PURCHASE - INTANGIBLE ASSET – CLIENT LIST

27 unchanged sentences

Intangible Assets - Client List

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

list, net, is as follows:

At December 31, 2025 and September 30, 2025, intangible asset –

client list, net, is as follows:

Schedule of intangible assets

For the nine months

June 30, 2025

September 30, 2024

For three months

December 31, 2025

For the three months

December 31, 2024

Intangible Assets – Customer Lists

1 unchanged sentence

Total Intangible Assets, net

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

Amortization expense for the three months ended December 31, 2025 and

2024, was $ 2,500 and $ 2,500 , respectively.

Estimated future amortization expense for the nine months ended June

Estimated future amortization expense for the year ended September

Schedule of estimated future amortization expense

2026 (9 Months)

CONCENTRATION OF CREDIT RISK

2 unchanged sentences

institutions.

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

As of December 31, 2025 and September 30, 2025, the Company had $ 0 and $ 23,583 , respectively, in excess of FDIC insured

RESEARCH AND DEVELOPMENT COSTS

The Company expenses research and development costs as incurred.

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

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

For the three months ended December 31, 2025 and 2024, the Company

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

REVENUE RECOGNITION AND DEFERRED REVENUES

9 unchanged sentences

Allocation of the transaction price to the performance obligations;

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

Recognition of revenue when (or as) the Company satisfies each

performance obligation.

The Company generates revenue primarily through the sale of software

17 unchanged sentences

These charges are recorded as consulting fees in our income statement.

On occasion we host conferences for our current and potential clients.

Conference registration revenues are recognized at a point in time when the related conference is held and the Company has satisfied

its performance obligations.

Payments received in advance are recorded as deferred revenue.

These charges are recorded as

consulting fees in our income statement.

Customer billings for services not yet rendered and hardware not yet

6 unchanged sentences

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

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

As of December 31, 2025 and September 30, 2025 respectively, the Company

recorded $ 1,745,822 and $ 1,791,311 , respectively, in deferred revenue.

3 unchanged sentences

For the three months ended

June 30, 2025

June 30, 2024

Licensing of ReadyOp Software

Hardware Sales and Consulting

For the nine months ended

June 30, 2025

June 30, 2024

December 31, 2025

December 31, 2024

Licensing of ReadyOp Software

2 unchanged sentences

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

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

revenue during the three months ended December 31, 2025 and year ended September 30, 2025:

Schedule of deferred revenue

For the three months

June 30, 2025

December 31, 2025

September 30, 2025

38 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 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

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

As of December 31, 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 December 31, 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 December 31, 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 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 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 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:

As of December 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 months ended December 31, 2025 and 2024:

Schedule of diluted earnings per share

For the three months

June 30, 2025

December 31, 2025

For the three months

June 30, 2024

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

December 31, 2024

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

Weighted average number of shares outstanding

3 unchanged sentences

For the three months

June 30, 2025

December 31, 2025

For the three months

June 30, 2024

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

Preferred stock dividends

Adjusted net (loss) income

Weighted average number of shares outstanding

Shares issued upon conversion of preferred stock

Weighted average number of common and common equivalent shares

Diluted earnings per share

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

Basic earnings per share

The following table sets for the computation of diluted earnings per

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 )

December 31, 2024

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

Preferred stock dividends

Adjusted net (loss) income

$ ( 128,079 )

Adjusted net income (loss) income

Weighted average number of shares outstanding

25 unchanged sentences

or credit risks arising from these financial instruments.

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

As of December 31, 2025 and September 30, 2025, 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 nine months ended June 30, 2025 and year ended September 30, 2024, respectively.

the three months ended December 31, 2025 and year ended September 30, 2025, respectively.

ADVERTISING COSTS

1 unchanged sentence

The Company had advertising

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

costs of $ 1,949 and $ 31,540 during the three months ended December 31, 2025 and 2024, respectively.

EMPLOYEE BENEFITS

The Company's employees have access to a qualified 401(k)defined

contribution plan.

The Company’s matching contributions expenditure under the plan

was $ 25,761 and $ 26,854 during the three months ended December 31, 2025 and 2024.

RECENTLY ADOPTED ACCOUNTING PRONOUNCEMENTS

ASU 2025-05 — Financial Instruments—Credit Losses (Topic

Measurement of Credit Losses for Accounts Receivable and Contract Assets

In July 2025, the FASB issued ASU 2025-05, which provides (1) all entities

with a practical expedient and (2) entities other than public business entities with an accounting policy election when estimating expected

credit losses for current accounts receivable and current contract assets arising from transactions accounted for under Topic 606, Revenue

from Contracts with Customers.

The practical expedient allows an entity to assume that, when estimating

expected credit losses, current conditions as of the balance sheet date remain unchanged for the remaining life of the asset.

The accounting

policy election permits nonpublic entities that elect the practical expedient to also consider collection activity occurring after the

balance sheet date when estimating expected credit losses.

The standard is effective for fiscal years beginning after December

15, 2025, and for interim periods within those annual reporting periods.

Early adoption is permitted.

Accordingly, the Company will adopt ASU 2025-05 for its fiscal year

beginning July 1, 2026.

In November 2023, the FASB issued ASU No.

67 unchanged sentences

and increases to $ 2,198 in year two.

The lease expired on December 31, 2024.

The lease expired on November 30, 2024.

Our current office space lease is month-to-month.

The tables below present information regarding the Company’s

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

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

Schedule of operating lease assets and liabilities

June 30, 2025

December 31, 2025

September 30, 2025

11 unchanged sentences

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

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 June 30, 2025:

Schedule of future minimum lease payments required under leases

Total undiscounted cash flows

amount representing interest

Present value of operating lease liability

current portion of operation lease liability

Long-term operating lease liability

At September 30, 2025, the Company has no financing leases as defined

in ASC 842, “Leases.”

NOTE 3 – PROPERTY, EQUIPMENT AND INTANGIBLE ASSETS

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

is as follows:

At December 31, 2025 and September 30, 2025, property and equipment,

net, is as follows:

Schedule of property and equipment net

For the nine months

June 30, 2025

For the three months

December 31, 2025

September 30, 2025

2 unchanged sentences

Total Property and Equipment, net

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

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

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

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

2024, was $ 2,893 and $ 2,983 , respectively.

1 unchanged sentence

Preferred Stock Dividends

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 December 31, 2025 and September 30, 2025, the cumulative arrearage

of undeclared dividends for Series A Preferred stock totaled $ 298,711 and $ 288,365 , respectively.

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

51 unchanged sentences

or discontinued at any time.

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

As of September 30, 2025 and 2024, no common stock was repurchased.

NOTE 5 - RELATED PARTY TRANSACTIONS

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

Chief Executive Officer for the Company's operating expenses.

The amount was repaid in October 2024.

Prior to September 30, 2024, the Company advanced $ 53,302 to VoiceInterop,

the Company’s former wholly owned subsidiary and now 96 % owned by our shareholders.

The advance was related to certain expenses

paid on VoiceInterop behalf by the Company.

As of September 30, 2024, the Company recorded $ 5,589 in interest receivable - related party.

In September 2024, the Company determined that it is probable the Company will not recover its loan principal and interest.

the Company took a bad debt expense for uncollectible note receivable and interest receivable of $ 58,891 in connection therewith.

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

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

As of December 31, 2025, there was $ 807 owed to the Company’s

Principal Executive Officer for expenses paid on behalf of the Company.

The balance was paid in full in January 2026.

NOTE 6 - COMMITMENTS AND CONTINGENCIES

9 unchanged sentences

and increases to $ 2,198 in year two.

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.

The lease expired on November 30, 2024.

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 three months ended December 31, 2025

and 2024 was $ 6,192 and $ 5,854 , respectively.

Revenue and Accounts Receivable Concentration

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 June 30, 2024, one customer accounted for

27 % of the Company’s revenues.

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

more than 10 % of the Company’s revenues.

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.

As of September 30, 2024, one customer accounted for more than 12 %

For the three months ended December 31, 2025, no customer accounted

for more than 10 % of the Company’s revenues.

For the three months ended December 31, 2024, one customer accounted

for 8.79 % of the Company’s revenues.

As of December 31, 2025, two customers accounted for more than 10 %

of the Company’s total outstanding accounts receivable.

As of September 30, 2025, two customers accounted for more than 10 %

of the Company’s total outstanding accounts receivable.

Deferred Revenue Concentration

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

As of December 31, 2025, one customer accounted for 9.74 % of the Company’s

total outstanding deferred revenue.

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

the Company’s total outstanding deferred revenue.

As of September 30, 2025, one customer accounted for 17.38 % of the

Company’s total outstanding deferred revenue.

Major Supplier and Sole Manufacturing Source

20 unchanged sentences

purchasers in such financing.

NOTE 7 – EXTINGUISHMENT OF LIABILITIES

During the year ended September 30, 2024, the Company settled $44,052

of accounts payable with various vendors in exchange for $1,111, resulting in a gain on settlement of $ 42,941 .

NOTE 7 - SEGMENT INFORMATION

12 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