ORGANIZATION |
6 Months Ended |
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Mar. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
ORGANIZATION |
NOTE 1 -ORGANIZATION
Cleartronic, Inc. (the Company) was incorporated in the state of Florida on November 15, 1999. The Companys subsidiaries are VoiceInterop (VoiceInterop) and ReadyOp Communications, Inc. (ReadyOp)
In September 2014, the Company formed ReadyOp Communications, Inc. (a Florida corporation), as a wholly owned subsidiary to facilitate the marketing of ReadyOp software. The Companys only operating subsidiary is ReadyOp Communications, Inc.
In November 2016, the Company cancelled its Licensing Agreement with Collabria LLC of Tampa, Florida (Collabria) and acquired all of the intellectual property related to Collabrias command and control software, trade-named ReadyOp. In addition the Company acquired Collabrias client list. In exchange for these assets the Company issued Collabria 3,000,000 restricted shares of the Companys Series E Convertible Preferred stock. The Company assumed none of Collabrias liabilities.
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 Voicenterop filed an S-1 registration with the United States Securities and Exchange Commission. All VoiceInterop transactions have been recorded as discontinued operations (See Note 8). |