Cirtran Corp (CIRX) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
6360 S PECOS ROAD LAS VEGAS, NV 89120 |
| State of Incorp. | NV |
| Fiscal Year End | December 31 |
| Industry (SIC) | 208 - Beverages (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2024 MRQ | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 18 | 5 | 108 | 0 | |||||
| Cash and cash equivalents | 18 | 5 | 108 | 0 | |||||
| Receivables | 22 | 63 | 212 | 17 | |||||
| Inventory, net of allowances, customer advances and progress billings | 816 | 816 | 538 | 325 | 19 | ||||
| Inventory | 816 | 816 | 538 | 325 | 19 | ||||
| Disposal group, including discontinued operation | 0 | ||||||||
| Deposits current assets | 40 | 12 | 54 | ||||||
| Other current assets | 441 | 328 | 268 | 119 | 1 | ||||
| Other undisclosed current assets | 251 | 418 | 87 | 319 | |||||
| Total current assets: | 1,530 | 1,684 | 1,122 | 942 | 20 | 0 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 22 | 50 | ✕ | ||||||
| Property, plant and equipment | 19 | 15 | 19 | 18 | 10 | 12 | |||
| Other undisclosed noncurrent assets | 300 | 300 | 300 | 300 | 300 | 300 | |||
| Total noncurrent assets: | 319 | 315 | 341 | 369 | 310 | 312 | |||
| TOTAL ASSETS: | 1,849 | 1,999 | 1,463 | 1,311 | 330 | 312 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 2,889 | 4,403 | 12,584 | 9,661 | 9,363 | 9,134 | |||
| Interest and dividends payable | ✕ | ✕ | ✕ | 4,880 | 2,825 | 2,406 | 2,025 | ||
| Employee-related liabilities | ✕ | ✕ | ✕ | 4,441 | 4,133 | 3,758 | 4,190 | ||
| Accounts payable | 2,324 | 1,924 | 1,348 | 2,121 | 2,115 | ||||
| Accrued liabilities | 2,889 | 2,079 | 1,338 | 1,355 | 1,078 | 804 | |||
| Debt | 264 | 413 | 413 | 464 | 503 | 335 | |||
| Derivative instruments and hedges, liabilities | 1,297 | 1,005 | 939 | 923 | 894 | ||||
| Disposal group, including discontinued operation | 4,511 | 25,343 | 25,189 | 26,154 | 26,349 | 26,156 | |||
| Due to related parties | ✕ | ✕ | 22 | 22 | 288 | 739 | 874 | ||
| Other undisclosed current liabilities | 11,897 | 10,205 | 349 | 563 | 167 | 155 | |||
| Total current liabilities: | 20,859 | 41,390 | 39,496 | 38,052 | 38,015 | 36,654 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,713 | 2,624 | 2,533 | 2,466 | 2,179 | 2,891 | |||
| Long-term debt, excluding current maturities | 2,713 | 2,624 | 2,533 | 2,444 | 2,179 | 2,891 | |||
| Liabilities, other than long-term debt | 56 | ||||||||
| Deferred income tax liabilities | 56 | ✕ | |||||||
| Operating lease, liability | 22 | ✕ | |||||||
| Other undisclosed noncurrent liabilities | 51 | 1,469 | 1,371 | 1,252 | |||||
| Total noncurrent liabilities: | 2,769 | 2,675 | 2,533 | 3,957 | 3,550 | 4,142 | |||
| Total liabilities: | 23,627 | 44,066 | 42,028 | 42,009 | 41,564 | 40,796 | |||
| Equity | |||||||||
| Equity, attributable to parent | (21,779) | (42,067) | (40,565) | (40,698) | (41,235) | (40,483) | |||
| Common stock | 5 | 5 | 5 | 5 | 5 | 4,500 | |||
| Additional paid in capital | 37,234 | 37,234 | 37,234 | 37,227 | 37,223 | 32,727 | |||
| Accumulated deficit | (59,017) | (79,306) | (77,803) | (77,930) | (78,462) | (77,711) | |||
| Total equity: | (21,779) | (42,067) | (40,565) | (40,698) | (41,235) | (40,483) | |||
| TOTAL LIABILITIES AND EQUITY: | 1,849 | 1,999 | 1,463 | 1,311 | 330 | 312 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,616 | 1,719 | 2,923 | 1,733 | ||||
| Cost of revenue (Cost of Goods and Services Sold) | (610) | (697) | (1,024) | (896) | ||||
| Gross profit: | 1,006 | 1,023 | 1,899 | 836 | ||||
| Operating expenses | (1,021) | (1,545) | (2,127) | (758) | (407) | (447) | ||
| Operating income (loss): | (15) | (522) | (228) | 78 | (407) | (447) | ||
| Nonoperating income (expense) | (537) | (775) | (610) | 374 | (672) | (499) | ||
| Other nonoperating income (expense) | 1 | 1 | 42 | 0 | (499) | |||
| Interest and debt expense | 328 | (709) | (680) | (659) | (593) | (499) | ||
| Loss from continuing operations before equity method investments, income taxes: | (223) | (2,007) | (1,519) | (206) | (1,672) | (1,445) | ||
| Other undisclosed income from continuing operations before income taxes | 20,503 | 556 | ||||||
| Income (loss) from continuing operations before income taxes: | 20,280 | (1,451) | (1,519) | (206) | (1,672) | (1,445) | ||
| Income tax benefit | 9 | 51 | ||||||
| Other undisclosed income (loss) from continuing operations | (20,832) | 680 | 659 | 593 | 499 | |||
| Income (loss) from continuing operations: | (543) | (1,400) | (838) | 453 | (1,079) | (946) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 126 | 532 | (1,228) | (1,111) | |
| Income (loss) from discontinued operations | 20,832 | 965 | 79 | (149) | (165) | |||
| Other undisclosed net loss | (102) | |||||||
| Net income (loss): | 20,288 | (1,502) | 126 | 532 | (1,228) | (1,111) | ||
| Other undisclosed net loss attributable to parent | (0) | |||||||
| Net income (loss) available to common stockholders, diluted: | 20,288 | (1,502) | 126 | 532 | (1,228) | (1,111) | ||
Comprehensive Income ($ in thousands)
| 6/30/2024 TTM | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 20,288 | (1,502) | 126 | 532 | (1,228) | (1,111) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 20,288 | (1,502) | 126 | 532 | (1,228) | (1,111) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.