Retractable storage system

A storage system for a handheld electronic device, comprising:

• a protective housing member configured to removably attach to the handheld electronic device, the handheld electronic device being either a portable smartphone or a tablet;
• an accessory station configured to store and charge at least one accessory item of the handheld electronic device, the accessory station being independent from the protective housing member and the accessory station is configured to interface with a surface of the protective housing member to faciliate a power transfer between a power source of the handheld electronic device and either a power source of said at least one accessory item or a power source of the accessory station to enable the handheld electronic device to charge said at least one accessory item;
• at least one electronic logic board being a component of at least one of the following:
• the protective housing member, said accessory station, and the handheld electronic device;
• at least one signal transmitter mounted on said at least one electronic logic board, said at least one signal transmitter configured to transmit an electronic or electrical signal between at least two of the following:
• said at least one accessory item, said accessory station, said at least one power source, the protective housing member and the handheld electronic device;
• and
• wherein a software installed on said at least one electronic logic board is configured to control the power transfer from said at least one power source.