Annual report pursuant to Section 13 and 15(d)

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS

12 Months Ended

Sep. 30, 2019

Discontinued Operations and Disposal Groups [Abstract]

NOTE 9 DISCONTINUED OPERATIONS

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 April 23, 2018, the board of Directors declared a stock dividend for certain shareholders of the Company. The Company will distribute to its shareholders owning Common Stock and Series C and D Preferred stock an aggregate of 17,819,548 shares of shares of Common Stock of Voiceinterop. That each common shareholder would receive .075 shares of Voiceinterop common stock for each one (1) share of Cleartronic stock held by the shareholder, and that each shareholder of Series C and D Preferred stock shall receive .375 shares of Voiceinterop common stock for each one (1) share of Series C or Series D Preferred stock held by the shareholder.

The record date of the dividend distribution shall be defined as the first business day following an effective statement from the United States Securities and Exchange Commission (SEC) regarding a pending S-1 filing. On May 13, 2019 Voiceinterop filed an S-1 registration statement with the SEC. On November 14, 2019, Voiceinterop, Incs., S-1 Registration Statement was declared effective by Securities and Exchange Commission.

The Companys history is being reviewed by the Financial Industry Regulatory Authority (FINRA) and as of the date of this filing the review is not been completed. No dividends can be distributed until that review is completed and approved by FINRA. .

As of September 30, 2019 and September 30, 2018, assets and liabilities from discontinued operations are listed below:


	September 30,	September 30,
	2019	2018
Current assets:
Cash	$ 4,136	$ 285
Assets from discontinued operations	$ 4,136	$ 285

Current liabilities:
Accounts payable and accrued expenses	$ 77,584	$ 10,086
Deferred revenue, current portion	23,492	28,720
Deferred rent, current portion	896	-
Installment loan, net, current portion	14,587	-
Due to unrelated parties	68,000	68,000
Current liabilities from discontinued operations	184,559	106,806

Long Term Liabilities
Deferred revenue, net of current	9,987	-
Deferred rent, long term portion	680	-
Long term liabilities from discontinued operations	10,667	-
Liabilities from discontinued operations	$ 195,226	$ 106,806

The following table illustrates the reporting of the discontinued operations included in the Statements of Operations for the years ended September 30, 2019 and 2018.


	For the year	For the year
	ended	ended
	September 30, 2019	September 30, 2018
Revenue	$ 87,254	$ 191,635
Cost of Revenue	38,910	80,604
Gross Profit	48,344	111,031

Operating Expenses:
Selling expenses	17,032	28,300
Administrative expenses	71,770	64,200
Professional fees	66,968	60,817
Acquisition costs	-	35,000
Total Operating Expenses	155,770	188,317

Loss from operations	(107,426)	(77,286)

Other Income (Expense)
Other Income	23,358	3,442
Interest and other (expense)	(20,479)	-
Total Other Income	2,879	3,442

Loss Before Income Taxes	(104,547)	(73,844)
Provision for Income Taxes	-	-
Loss from discontinued operations	$ (104,547)	$ (73,844)