2016 Q2 Form 10-Q Financial Statement

#000109181816000288 Filed on May 16, 2016

View on sec.gov

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2016Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	30231	USD
CY2015Q3	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	88442	USD
CY2016Q1	us-gaap	Inventory Net InventoryNet	27373	USD
CY2015Q3	us-gaap	Inventory Net InventoryNet	11967	USD
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	-71346	USD
CY2015Q3	us-gaap	Stockholders Equity StockholdersEquity	35907	USD
CY2016Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	666995	USD
CY2015Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	749549	USD
CY2016Q1	us-gaap	Common Stock Value CommonStockValue	1985	USD
CY2015Q3	us-gaap	Common Stock Value CommonStockValue	1974	USD
CY2016Q1	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	14224268	USD
CY2015Q3	us-gaap	Additional Paid In Capital AdditionalPaidInCapital	14188824	USD
CY2016Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-14297632	USD
CY2015Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-14154917	USD
CY2016Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	5000000000	shares
CY2015Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	5000000000	shares
CY2016Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	198509125	shares
CY2016Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	198509125	shares
CY2015Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	197375267	shares
CY2015Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	197375267	shares
CY2016Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.00001
CY2015Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.00001
CY2016Q1	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	5351	USD
CY2015Q3	us-gaap	Liabilities Noncurrent LiabilitiesNoncurrent	3253	USD
CY2016Q1	us-gaap	Liabilities Liabilities	738341	USD
CY2015Q3	us-gaap	Liabilities Liabilities	713642	USD
CY2016Q1	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2015Q3	us-gaap	Commitments And Contingencies CommitmentsAndContingencies		USD
CY2016Q1	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	141632	USD
CY2015Q3	us-gaap	Notes Payable Related Parties Classified Current NotesPayableRelatedPartiesClassifiedCurrent	95001	USD
CY2016Q1	us-gaap	Liabilities Current LiabilitiesCurrent	732990	USD
CY2015Q3	us-gaap	Liabilities Current LiabilitiesCurrent	710389	USD
CY2016Q1	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	5351	USD
CY2015Q3	us-gaap	Deferred Revenue Noncurrent DeferredRevenueNoncurrent	3253	USD
CY2016Q1	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	43817	USD
CY2015Q3	us-gaap	Deferred Revenue Current DeferredRevenueCurrent	38967	USD
CY2016Q1	us-gaap	Customer Deposits Current CustomerDepositsCurrent	756	USD
CY2015Q3	us-gaap	Customer Deposits Current CustomerDepositsCurrent	756	USD
CY2016Q1	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	10434	USD
CY2015Q3	us-gaap	Convertible Notes Payable Current ConvertibleNotesPayableCurrent	29221	USD
CY2016Q1	us-gaap	Assets Assets	666995	USD
CY2015Q3	us-gaap	Assets Assets	749556	USD
CY2016Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	414017	USD
CY2015Q3	us-gaap	Accounts Payable Current AccountsPayableCurrent	414588	USD
CY2016Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	122334	USD
CY2015Q3	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	131856	USD
CY2016Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	28183	USD
CY2015Q3	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	9991	USD
CY2016Q1	us-gaap	Assets Current AssetsCurrent	104329	USD
CY2015Q3	us-gaap	Assets Current AssetsCurrent	116556	USD
CY2016Q1	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	562666	USD
CY2015Q3	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	633000	USD
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.00072
	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.00035
CY2016Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	198509125	shares
CY2015Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	1869495230	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	198127792	shares
	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	1888380944	shares
CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	-55105	USD
CY2015Q1	us-gaap	Net Income Loss NetIncomeLoss	-581249	USD
	us-gaap	Net Income Loss NetIncomeLoss	-142715	USD
	us-gaap	Net Income Loss NetIncomeLoss	-656938	USD
CY2016Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.00028
CY2015Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.00031
	us-gaap	Interest Expense InterestExpense	33592	USD
	us-gaap	Interest Expense InterestExpense	43243	USD
CY2016Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-11053	USD
CY2015Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-514046	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-48567	USD
	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-533001	USD
CY2016Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt		USD
CY2015Q1	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-489758	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-14975	USD
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	-489758	USD
CY2016Q1	us-gaap	Interest Expense InterestExpense	11053	USD
CY2015Q1	us-gaap	Interest Expense InterestExpense	24288	USD
CY2016Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense		USD
CY2015Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	3027	USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense		USD
	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	3027	USD
CY2016Q1	us-gaap	Operating Expenses OperatingExpenses	166785	USD
CY2015Q1	us-gaap	Operating Expenses OperatingExpenses	85863	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	151739	USD
	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	152747	USD
CY2016Q1	us-gaap	Depreciation Depreciation	35167	USD
CY2015Q1	us-gaap	Depreciation Depreciation		USD
	us-gaap	Depreciation Depreciation	70334	USD
	us-gaap	Depreciation Depreciation		USD
CY2016Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	32109	USD
CY2015Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	6384	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	45421	USD
	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	21389	USD
CY2016Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	99509	USD
CY2015Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	76452	USD
	us-gaap	Cost Of Revenue CostOfRevenue	106046	USD
	us-gaap	Cost Of Revenue CostOfRevenue	50195	USD
CY2016Q1	us-gaap	Gross Profit GrossProfit	122733	USD
CY2015Q1	us-gaap	Gross Profit GrossProfit	18660	USD
	us-gaap	Gross Profit GrossProfit	173346	USD
	us-gaap	Gross Profit GrossProfit	53226	USD
	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization	70334	USD
	us-gaap	Other Depreciation And Amortization OtherDepreciationAndAmortization		USD
	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	2000000000	shares
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	43631	USD
	us-gaap	Stock Issued During Period Shares Purchase Of Assets StockIssuedDuringPeriodSharesPurchaseOfAssets	25000000	shares
	us-gaap	Stock Issued During Period Value Purchase Of Assets StockIssuedDuringPeriodValuePurchaseOfAssets	2000000	USD
	us-gaap	Interest Paid InterestPaid	1193	USD
	us-gaap	Interest Paid InterestPaid	2945	USD
	us-gaap	Debt Conversion Converted Instrument Amount1 DebtConversionConvertedInstrumentAmount1	10000	USD
	us-gaap	Debt Conversion Converted Instrument Shares Issued1 DebtConversionConvertedInstrumentSharesIssued1	847458	shares
CY2016Q1	us-gaap	Debt Instrument Unamortized Discount DebtInstrumentUnamortizedDiscount	20455	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	12386	USD
	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-563	USD
CY2014Q3	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	2505	USD
CY2015Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	1942	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	25000	USD
	us-gaap	Proceeds From Notes Payable ProceedsFromNotesPayable	38000	USD
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	50000	USD
	us-gaap	Proceeds From Related Party Debt ProceedsFromRelatedPartyDebt	40000	USD
	us-gaap	Net Cash Provided By Used In Financing Activities Continuing Operations NetCashProvidedByUsedInFinancingActivitiesContinuingOperations	103000	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-31245	USD
	us-gaap	Net Cash Provided By Used In Operating Activities Continuing Operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations	-103563	USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable	36369	USD
	us-gaap	Repayments Of Notes Payable RepaymentsOfNotesPayable		USD
	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	5000	USD
	us-gaap	Proceeds From Issuance Or Sale Of Equity ProceedsFromIssuanceOrSaleOfEquity	25000	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-9522	USD
	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	24081	USD
	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits		USD
	us-gaap	Increase Decrease In Customer Deposits IncreaseDecreaseInCustomerDeposits	1500	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	6948	USD
	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	3651	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	15406	USD
	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-7214	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	18192	USD
	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	9758	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-571	USD
	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	24700	USD
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	2500	USD
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts		USD
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	17168	USD
	us-gaap	Amortization Of Debt Discount Premium AmortizationOfDebtDiscountPremium	12229	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable	-58211	USD
	us-gaap	Increase Decrease In Accounts Receivable IncreaseDecreaseInAccountsReceivable		USD
	us-gaap	Advertising Expense AdvertisingExpense	2694	USD
CY2016Q1	clri	Receivables Factoring Discount Rate Lower Range ReceivablesFactoringDiscountRateLowerRange	0.0225	pure
CY2016Q1	clri	Receivables Factoring Discount Rate Higher Range ReceivablesFactoringDiscountRateHigherRange	0.0625	pure
CY2016Q1	us-gaap	Accounts Receivable From Securitization AccountsReceivableFromSecuritization	91007	USD
CY2016Q1	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	USD
	dei	Entity Filer Category EntityFilerCategory	Smaller Reporting Company
	us-gaap	Concentration Risk Credit Risk Uninsured Deposits ConcentrationRiskCreditRiskUninsuredDeposits	<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style="margin: 0pt; line-height: 13pt; text-indent: 63.7pt; font-family: 'Times New Roman'; font-size: 11pt;" align="justify"><b>CONCENTRATION OF CREDIT RISK</b></p> <p style="margin: 0pt; line-height: 13pt; padding-left: 63.35pt; font-family: 'Times New Roman'; font-size: 11pt;" align="justify">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.</p></div>
CY2016Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	198570447	shares
	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2016
	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q2
	us-gaap	Use Of Estimates UseOfEstimates	<div id='EdgarSAA123457890000' style="font-family : 'Times New Roman';"><p style="margin: 0pt; line-height: 13pt; padding-left: 63.35pt; font-family: 'Times New Roman'; font-size: 11pt;" align="justify"><b>USE OF ESTIMATES</b></p> <p style="margin: 0pt; line-height: 13pt; padding-left: 63.7pt; font-family: 'Times New Roman'; font-size: 11pt;" align="justify">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.</p></div>
CY2016Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	25000	USD
CY2015Q1	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	38000	USD
CY2016Q1	us-gaap	Advertising Expense AdvertisingExpense	530	USD
CY2015Q1	us-gaap	Advertising Expense AdvertisingExpense	853	USD
	us-gaap	Advertising Expense AdvertisingExpense	2378	USD
CY2016Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	10696	USD
CY2015Q1	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	10284	USD
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	21089	USD
	us-gaap	Lease And Rental Expense LeaseAndRentalExpense	23105	USD
	dei	Entity Registrant Name EntityRegistrantName	Cleartronic, Inc.
	dei	Entity Central Index Key EntityCentralIndexKey	0001362516
	dei	Document Type DocumentType	10-Q
	dei	Document Period End Date DocumentPeriodEndDate	2016-03-31
	dei	Amendment Flag AmendmentFlag	false
	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--09-30

Files In Submission

Name	View Source	Status
0001091818-16-000288-index-headers.html	Edgar Link	pending
0001091818-16-000288-index.html	Edgar Link	pending
0001091818-16-000288.txt	Edgar Link	pending
0001091818-16-000288-xbrl.zip	Edgar Link	pending
clri-20160331.xml	Edgar Link	completed
clri-20160331.xsd	Edgar Link	pending
clri-20160331_cal.xml	Edgar Link	unprocessable
clri-20160331_def.xml	Edgar Link	unprocessable
clri-20160331_lab.xml	Edgar Link	unprocessable
clri-20160331_pre.xml	Edgar Link	unprocessable
clri0509201610q.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
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
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R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
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R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending