For example, I want to send you a merit then it will take my smerits and once you receive 1 merit you will get 0.5 smerit. For every 2 merits you received you will have 1 smerits. In your case you got 4 merits then that means you have 2 smerits in total if you haven't send your smerits to anyone who you want to merit by sending your smerits to that person.
Does that include new members on forum, so they can send and receive smerits also? thanks for your time