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)
| 9/30/2023 MRQ | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 18 | 5 | 108 | 0 | 0 | ||||
| Cash and cash equivalents | 18 | 5 | 108 | 0 | 0 | ||||
| Receivables | 63 | 212 | 17 | 7 | |||||
| Inventory, net of allowances, customer advances and progress billings | 816 | 538 | 325 | 19 | 189 | ||||
| Inventory | 816 | 538 | 325 | 19 | 189 | ||||
| Disposal group, including discontinued operation | 0 | ||||||||
| Deposits current assets | 40 | 12 | 54 | ||||||
| Other current assets | 328 | 268 | 119 | 1 | 53 | ||||
| Other undisclosed current assets | 418 | 87 | 319 | ||||||
| Total current assets: | 1,684 | 1,122 | 942 | 20 | 0 | 248 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 22 | 50 | ✕ | ✕ | |||||
| Property, plant and equipment | 15 | 19 | 18 | 10 | 12 | 40 | |||
| Long-term investments and receivables | (1,583) | ||||||||
| Accounts and financing receivable, after allowance for credit loss | (1,583) | ||||||||
| Other noncurrent assets | 41 | ||||||||
| Other undisclosed noncurrent assets | 300 | 300 | 300 | 300 | 300 | 1,883 | |||
| Total noncurrent assets: | 315 | 341 | 369 | 310 | 312 | 381 | |||
| TOTAL ASSETS: | 1,999 | 1,463 | 1,311 | 330 | 312 | 629 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 4,403 | 12,584 | 9,661 | 9,363 | 9,134 | 10,199 | |||
| Interest and dividends payable | ✕ | ✕ | 4,880 | 2,825 | 2,406 | 2,025 | |||
| Taxes payable | ✕ | ✕ | 965 | ||||||
| Employee-related liabilities | ✕ | ✕ | 4,441 | 4,133 | 3,758 | 4,190 | 2,962 | ||
| Accounts payable | 2,324 | 1,924 | 1,348 | 2,121 | 2,115 | 4,170 | |||
| Accrued liabilities | 2,079 | 1,338 | 1,355 | 1,078 | 804 | 2,103 | |||
| Debt | 413 | 413 | 464 | 503 | 335 | 2,441 | |||
| Derivative instruments and hedges, liabilities | 1,005 | 939 | 923 | 894 | 158 | ||||
| Disposal group, including discontinued operation | 25,343 | 25,189 | 26,154 | 26,349 | 26,156 | ||||
| Other liabilities | 2,729 | ||||||||
| Deferred revenue and credits | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 2,592 | ||
| Due to related parties | ✕ | 22 | 22 | 288 | 739 | 874 | 767 | ||
| Other undisclosed current liabilities | 10,205 | 349 | 563 | 167 | 155 | 4,295 | |||
| Total current liabilities: | 41,390 | 39,496 | 38,052 | 38,015 | 36,654 | 23,182 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 2,624 | 2,533 | 2,466 | 2,179 | 2,891 | ||||
| Long-term debt, excluding current maturities | 2,624 | 2,533 | 2,444 | 2,179 | 2,891 | ||||
| Liabilities, other than long-term debt | |||||||||
| Deferred income tax liabilities | ✕ | ✕ | |||||||
| Operating lease, liability | 22 | ✕ | ✕ | ||||||
| Other undisclosed noncurrent liabilities | 51 | 1,469 | 1,371 | 1,252 | |||||
| Total noncurrent liabilities: | 2,675 | 2,533 | 3,957 | 3,550 | 4,142 | ||||
| Total liabilities: | 44,066 | 42,028 | 42,009 | 41,564 | 40,796 | 23,182 | |||
| Equity | |||||||||
| Equity, attributable to parent | (42,067) | (40,565) | (40,698) | (41,235) | (40,483) | (13,962) | |||
| Common stock | 5 | 5 | 5 | 5 | 4,500 | 4,458 | |||
| Common stock, share subscribed but unissued, subscriptions receivable | (17) | ||||||||
| Additional paid in capital | 37,234 | 37,234 | 37,227 | 37,223 | 32,727 | 29,271 | |||
| Accumulated deficit | (79,306) | (77,803) | (77,930) | (78,462) | (77,711) | (47,674) | |||
| Equity, attributable to noncontrolling interest | (8,591) | ||||||||
| Total equity: | (42,067) | (40,565) | (40,698) | (41,235) | (40,483) | (22,553) | |||
| TOTAL LIABILITIES AND EQUITY: | 1,999 | 1,463 | 1,311 | 330 | 312 | 629 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,719 | 2,923 | 1,733 | 3,469 | ||||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 3,469 | |
| Cost of revenue (Cost of Goods and Services Sold) | (697) | (1,024) | (896) | (1,119) | ||||
| Other undisclosed gross profit | (37) | |||||||
| Gross profit: | 1,023 | 1,899 | 836 | 2,312 | ||||
| Operating expenses | (1,545) | (2,127) | (758) | (407) | (447) | (3,327) | ||
| Operating income (loss): | (522) | (228) | 78 | (407) | (447) | (1,015) | ||
| Nonoperating income (expense) | (775) | (610) | 374 | (672) | (499) | 2,981 | ||
| Investment income, nonoperating | 742 | |||||||
| Other nonoperating income (expense) | 1 | 42 | 0 | (499) | 2,240 | |||
| Interest and debt expense | (709) | (680) | (659) | (593) | (499) | 1,498 | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (2,007) | (1,519) | (206) | (1,672) | (1,445) | 3,464 | ||
| Other undisclosed income from continuing operations before income taxes | 556 | |||||||
| Income (loss) from continuing operations before income taxes: | (1,451) | (1,519) | (206) | (1,672) | (1,445) | 3,464 | ||
| Income tax benefit | 51 | |||||||
| Other undisclosed income (loss) from continuing operations | 680 | 659 | 593 | 499 | ||||
| Income (loss) from continuing operations: | (1,400) | (838) | 453 | (1,079) | (946) | 3,464 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | 126 | 532 | (1,228) | (1,111) | 3,464 | |
| Income (loss) from discontinued operations | 965 | 79 | (149) | (165) | ||||
| Other undisclosed net loss | (102) | (2,240) | ||||||
| Net income (loss): | (1,502) | 126 | 532 | (1,228) | (1,111) | 1,224 | ||
| Net loss attributable to noncontrolling interest | (368) | |||||||
| Other undisclosed net income (loss) attributable to parent | (0) | |||||||
| Net income (loss) available to common stockholders, diluted: | (1,502) | 126 | 532 | (1,228) | (1,111) | 856 | ||
Comprehensive Income ($ in thousands)
| 9/30/2023 TTM | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (1,502) | 126 | 532 | (1,228) | (1,111) | 1,224 | ||
| Comprehensive income (loss): | (1,502) | 126 | 532 | (1,228) | (1,111) | 1,224 | ||
| Comprehensive income, net of tax, attributable to noncontrolling interest | 368 | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | (1,502) | 126 | 532 | (1,228) | (1,111) | 1,593 | ||
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.