2015 Q3 Form 10-Q Financial Statement

#000109181815000131 Filed on August 19, 2015

View on sec.gov

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
	us-gaap	Revenues Revenues	158990	USD
CY2014Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	8656	USD
CY2015Q2	us-gaap	Assets Current AssetsCurrent	72153	USD
CY2014Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2505	USD
CY2014Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-42510	USD
	us-gaap	Operating Expenses OperatingExpenses	362228	USD
	us-gaap	Operating Expenses OperatingExpenses	262099	USD
CY2015Q2	us-gaap	Operating Income Loss OperatingIncomeLoss	-117133	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-241069	USD
	us-gaap	Operating Income Loss OperatingIncomeLoss	-178019	USD
CY2014Q3	us-gaap	Assets Current AssetsCurrent	27255	USD
CY2015Q2	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	1900000	USD
CY2014Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet		USD
CY2015Q2	us-gaap	Assets Assets	1972153	USD
CY2014Q3	us-gaap	Assets Assets	27255	USD
CY2015Q2	us-gaap	Accounts Payable Current AccountsPayableCurrent	411720	USD
CY2014Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	387575	USD
CY2015Q2	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	108308	USD
CY2014Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	285950	USD
CY2015Q2	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	22973	USD
CY2014Q3	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	31295	USD
CY2015Q2	us-gaap	Customer Deposits Current CustomerDepositsCurrent	34289	USD
CY2014Q3	us-gaap	Customer Deposits Current CustomerDepositsCurrent	10430	USD
CY2015Q2	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	18888	USD
CY2014Q3	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent		USD
CY2015Q2	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	88435	USD
CY2014Q3	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	180738	USD
CY2015Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4188	USD
CY2014Q3	us-gaap	Liabilities Current LiabilitiesCurrent	895988	USD
CY2015Q2	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	594	USD
CY2014Q3	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	2825	USD
CY2015Q2	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	594	USD
CY2014Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	2825	USD
CY2015Q2	us-gaap	Liabilities Liabilities	685207	USD
CY2014Q3	us-gaap	Liabilities Liabilities	898813	USD
CY2014Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2015Q2	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	13105	USD
CY2014Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent		USD
CY2015Q2	us-gaap	Inventory Net InventoryNet	22179	USD
CY2014Q3	us-gaap	Inventory Net InventoryNet	16094	USD
CY2015Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.00001
CY2014Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.00001
CY2015Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	5000000000	shares
CY2014Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	5000000000	shares
CY2015Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	196675741	shares
CY2015Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	196675741	shares
CY2014Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	2124900908	shares
CY2014Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	2124900908	shares
CY2015Q2	us-gaap	Common Stock Value CommonStockValue	1974	USD
CY2014Q3	us-gaap	Common Stock Value CommonStockValue	21249	USD
CY2015Q2	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	32681	USD
CY2015Q2	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	14188894	USD
CY2014Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	11208314	USD
CY2015Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-12903954	USD
CY2014Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-12101150	USD
CY2015Q2	us-gaap	Stockholders Equity StockholdersEquity	1286946	USD
CY2014Q3	us-gaap	Stockholders Equity StockholdersEquity	-871558	USD
CY2015Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	1972153	USD
CY2014Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	27255	USD
CY2015Q2	us-gaap	Revenues Revenues	106184	USD
CY2014Q2	us-gaap	Revenues Revenues	38742	USD
	us-gaap	Revenues Revenues	209606	USD
CY2015Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	9795	USD
CY2014Q2	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	5180	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	228017	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	235306	USD
CY2015Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense		USD
CY2014Q2	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	3000	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	3027	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	6000	USD
CY2015Q2	us-gaap	Depreciation Depreciation	100000	USD
CY2014Q2	us-gaap	Depreciation Depreciation		USD
	us-gaap	Depreciation Depreciation	100000	USD
	us-gaap	Depreciation Depreciation		USD
CY2015Q2	us-gaap	Operating Expenses OperatingExpenses	185065	USD
CY2014Q2	us-gaap	Operating Expenses OperatingExpenses	59615	USD
CY2014Q2	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet		USD
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet		USD
	us-gaap	Derivative Gain Loss On Derivative Net DerivativeGainLossOnDerivativeNet		USD
CY2014Q2	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument		USD
	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument	-489759	USD
	us-gaap	Gain Loss On Repurchase Of Debt Instrument GainLossOnRepurchaseOfDebtInstrument		USD
CY2014Q2	clri	Gain Loss On Share Exchange GainLossOnShareExchange		USD
	clri	Gain Loss On Share Exchange GainLossOnShareExchange		USD
	clri	Gain Loss On Share Exchange GainLossOnShareExchange		USD
CY2015Q2	us-gaap	Interest Expense InterestExpense	28733	USD
CY2014Q2	us-gaap	Interest Expense InterestExpense	15223	USD
	us-gaap	Interest Expense InterestExpense	71976	USD
	us-gaap	Interest Expense InterestExpense	59209	USD
CY2015Q2	us-gaap	Net Income Loss NetIncomeLoss	-145866	USD
CY2014Q2	us-gaap	Net Income Loss NetIncomeLoss	-57733	USD
	us-gaap	Net Income Loss NetIncomeLoss	-802804	USD
	us-gaap	Net Income Loss NetIncomeLoss	-237228	USD
CY2015Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.00080
CY2014Q2	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.00003
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.00058
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.00012
CY2015Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	183248200	shares
CY2014Q2	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	2123611595	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	1394504828	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	2059837582	shares
	clri	Issuance Of Common Stock And Warrants For Services Or Claims IssuanceOfCommonStockAndWarrantsForServicesOrClaims		USD
CY2015Q2	us-gaap	Cost Of Revenue CostOfRevenue	38252	USD
	us-gaap	Cost Of Revenue CostOfRevenue	88447	USD
	us-gaap	Cost Of Revenue CostOfRevenue	74910	USD
CY2015Q2	us-gaap	Gross Profit GrossProfit	67932	USD
CY2014Q2	us-gaap	Gross Profit GrossProfit	17105	USD
	us-gaap	Gross Profit GrossProfit	121159	USD
	us-gaap	Gross Profit GrossProfit	84080	USD
	clri	Issuance Of Common Stock And Warrants For Services Or Claims IssuanceOfCommonStockAndWarrantsForServicesOrClaims	10000	USD
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	34405	USD
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium		USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	13105	USD
	dei	Document Type DocumentType	10-Q
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-21601	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	6085	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-963	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	24025	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-60001	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	24145	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-72122	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	27097	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	37544	USD
	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	23859	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-10553	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-23661	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-157307	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-211330	USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable		USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	150000	USD
	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	37990	USD
	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	359000	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	81000	USD
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	40000	USD
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt		USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	158990	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	209000	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	1683	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-2330	USD
CY2013Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	11188	USD
CY2014Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	8858	USD
	us-gaap	Interest Paid InterestPaid	4603	USD
	us-gaap	Interest Paid InterestPaid	2945	USD
	us-gaap	Stock Issued During Period Shares Conversion Of Convertible Securities StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities	2000000000	shares
CY2015Q2	us-gaap	Convertible Preferred Stock Shares Issued Upon Conversion ConvertiblePreferredStockSharesIssuedUponConversion	200000	shares
	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	38000	USD
	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	1520	USD
	us-gaap	Debt Conversion Converted Instrument Shares Issued1 DebtConversionConvertedInstrumentSharesIssued1	1432859	shares
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-489759	USD
	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	-8428	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt		USD
	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	100000	USD
	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization		USD
CY2015Q2	clri	Receivables Factoring Discount Rate Lower Range ReceivablesFactoringDiscountRateLowerRange	0.0225	pure
CY2015Q2	clri	Receivables Factoring Discount Rate Higher Range ReceivablesFactoringDiscountRateHigherRange	0.0625	pure
CY2015Q1	clri	Royalty Percentage RoyaltyPercentage	0.80	pure
CY2015Q1	clri	Royalty Percentage RoyaltyPercentage	0.20	pure
CY2015Q1	us-gaap	Stock Issued During Period Shares Purchase Of Assets StockIssuedDuringPeriodSharesPurchaseOfAssets	25000000	shares
CY2015Q1	us-gaap	Share Price SharePrice	8
CY2015Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	100000	USD
CY2015Q2	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	USD
CY2014Q2	us-gaap	Convertible Preferred Stock Shares Issued Upon Conversion ConvertiblePreferredStockSharesIssuedUponConversion	47400000	shares
CY2015Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	43000	USD
	us-gaap	Inventory Write Down InventoryWriteDown	0	USD
	us-gaap	Inventory Write Down InventoryWriteDown	2492	USD
CY2015Q2	us-gaap	Advertising Expense AdvertisingExpense	2222	USD
CY2014Q2	us-gaap	Advertising Expense AdvertisingExpense	2291	USD
	us-gaap	Advertising Expense AdvertisingExpense	4916	USD
	us-gaap	Advertising Expense AdvertisingExpense	6374	USD
	us-gaap	Use Of Estimates UseOfEstimates	<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0pt; padding-left: 63.35pt; font-family: 'Times New Roman';" align="justify"><font style="font-size: 12pt;"><b>USE OF ESTIMATES</b></font></p> <p style="margin: 0pt; padding-left: 63.35pt; font-family: 'Times New Roman';" align="justify">&#160;</p> <p style="line-height: 13pt; margin: 0pt; padding-left: 63.7pt; font-family: Arial; font-size: 11pt;" align="justify"><font style="font-family: Arial;">In preparing the financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the balance sheet and operations for the reporting period. Although these estimates are based on management's knowledge of current events and actions it may undertake in the future, they may ultimately differ from actual results.</font></p> </div>
CY2015Q2	us-gaap	Debt Conversion Original Debt Amount1 DebtConversionOriginalDebtAmount1	38000	USD
CY2015Q2	us-gaap	Interest Payable Current And Noncurrent InterestPayableCurrentAndNoncurrent	1520	USD
CY2015Q2	us-gaap	Debt Conversion Converted Instrument Shares Issued1 DebtConversionConvertedInstrumentSharesIssued1	1432859	shares
CY2015Q2	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	15287	USD
	us-gaap	Concentration Risk Credit Risk Uninsured Deposits ConcentrationRiskCreditRiskUninsuredDeposits	<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"> <p style="margin: 0pt; text-indent: 63.7pt; font-family: 'Times New Roman';" align="justify"><font style="font-size: 12pt;"><b>CONCENTRATION OF CREDIT RISK</b></font></p> <p style="margin: 0pt; text-indent: 63.7pt; font-family: 'Times New Roman';" align="justify">&#160;</p> <p style="line-height: 13pt; margin: 0pt; padding-left: 63.35pt; font-family: Arial; font-size: 11pt;" align="justify"><font style="font-family: Arial;">The Company currently maintains cash balances at one FDIC-insured banking institution. Deposits held in noninterest-bearing transaction accounts are insured up to a maximum of $<font>250,000</font> at all FDIC-insured institutions.</font></p> </div>
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	100000	USD
	us-gaap	Stock Issued During Period Shares Purchase Of Assets StockIssuedDuringPeriodSharesPurchaseOfAssets	25000000	shares
CY2015Q2	us-gaap	Share Price SharePrice	8
CY2015Q2	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	10284	USD
CY2014Q2	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	12362	USD
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	33389	USD
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	39185	USD
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--09-30
	dei	Document Period End Date DocumentPeriodEndDate	2015-06-30
CY2015Q3	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	197444589	shares
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2015
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q3
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
	dei	Entity Registrant Name EntityRegistrantName	Cleartronic, Inc.
	dei	Entity Central Index Key EntityCentralIndexKey	0001362516

Files In Submission

Name	View Source	Status
0001091818-15-000131-index-headers.html	Edgar Link	pending
0001091818-15-000131-index.html	Edgar Link	pending
0001091818-15-000131.txt	Edgar Link	pending
0001091818-15-000131-xbrl.zip	Edgar Link	pending
clri-20150630.xml	Edgar Link	completed
clri-20150630.xsd	Edgar Link	pending
clri-20150630_cal.xml	Edgar Link	unprocessable
clri-20150630_def.xml	Edgar Link	unprocessable
clri-20150630_lab.xml	Edgar Link	unprocessable
clri-20150630_pre.xml	Edgar Link	unprocessable
clri0818201510q.htm	Edgar Link	pending
ex311.htm	Edgar Link	pending
ex312.htm	Edgar Link	pending
ex321.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
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report.css	Edgar Link	pending
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