$CIRX
CirTran Corp

2021 Q4 Form 10-K Financial Statement

#000149315222010102 Filed on April 15, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020
Revenue $641.7K $2.923M $1.733M
YoY Change -19.51% 68.72%
Cost Of Revenue $309.0K $1.521M $1.189M
YoY Change -47.96% 27.93%
Gross Profit $332.7K $1.403M $543.9K
YoY Change 63.51% 157.86%
Gross Profit Margin 51.84% 47.98% 31.39%
Selling, General & Admin $464.7K $1.631M $465.5K
YoY Change 113.7% 250.27% 14.5%
% of Gross Profit 139.68% 116.25% 85.58%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $810.00 $3.200K $370.00
YoY Change 118.92% 764.86% -83.84%
% of Gross Profit 0.24% 0.23% 0.07%
Operating Expenses $464.7K $1.631M $465.5K
YoY Change 113.72% 250.27% 14.5%
Operating Profit -$132.0K -$228.0K $78.42K
YoY Change 845.1% -390.73% -119.29%
Interest Expense -$12.21K -$696.6K -$681.5K
YoY Change -111.74% 2.22% 1.2%
% of Operating Profit -869.0%
Other Income/Expense, Net $1.010K $1.010K $42.00K
YoY Change -97.6% 83900.0%
Pretax Income -$71.07K -$838.5K $452.6K
YoY Change -106.38% -285.24% -141.95%
Income Tax
% Of Pretax Income
Net Earnings $1.008M $126.2K $532.1K
YoY Change -22.92% -76.28% -143.35%
Net Earnings / Revenue 157.14% 4.32% 30.71%
Basic Earnings Per Share $0.03
Diluted Earnings Per Share $203.9K $25.80K $3.088K
COMMON SHARES
Basic Shares Outstanding 4.891M shares
Diluted Shares Outstanding 144.3M shares

Balance Sheet

Concept 2021 Q4 2021 2020
SHORT-TERM ASSETS
Cash & Short-Term Investments $5.470K $5.470K $108.2K
YoY Change -94.94% -94.94%
Cash & Equivalents $5.472K
Short-Term Investments
Other Short-Term Assets $267.8K $366.5K $492.1K
YoY Change -45.57% -25.52% 40567.77%
Inventory $538.0K $538.0K $325.3K
Prepaid Expenses
Receivables $212.2K $212.2K $16.97K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.122M $1.122M $942.4K
YoY Change 19.07% 19.07% 4607.49%
LONG-TERM ASSETS
Property, Plant & Equipment $18.90K $41.19K $68.71K
YoY Change -72.49% -40.05% 603.28%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $300.0K $300.0K $300.0K
YoY Change 0.0% 0.0% 0.0%
Other Assets
YoY Change
Total Long-Term Assets $341.2K $341.2K $368.7K
YoY Change -7.46% -7.46% 19.02%
TOTAL ASSETS
Total Short-Term Assets $1.122M $1.122M $942.4K
Total Long-Term Assets $341.2K $341.2K $368.7K
Total Assets $1.463M $1.463M $1.311M
YoY Change 11.61% 11.61% 297.56%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.924M $2.055M $1.348M
YoY Change 42.74% 52.47% -36.46%
Accrued Expenses $1.338M $9.841M $8.341M
YoY Change -83.95% 17.99% 15.18%
Deferred Revenue
YoY Change
Short-Term Debt $577.6K $3.362M $785.5K
YoY Change -26.47% 328.06% 95.24%
Long-Term Debt Due $90.00K $329.1K $90.00K
YoY Change 0.0% 265.66% 0.0%
Total Short-Term Liabilities $39.50M $39.50M $38.05M
YoY Change 3.79% 3.79% 0.1%
LONG-TERM LIABILITIES
Long-Term Debt $2.533M $2.533M $2.444M
YoY Change 3.63% 3.63% 12.17%
Other Long-Term Liabilities $0.00 $0.00 $1.513M
YoY Change -100.0% -100.0% 10.37%
Total Long-Term Liabilities $2.533M $2.533M $3.957M
YoY Change -36.0% -36.0% 11.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $39.50M $39.50M $38.05M
Total Long-Term Liabilities $2.533M $2.533M $3.957M
Total Liabilities $42.03M $42.03M $42.01M
YoY Change 0.05% 0.05% 1.07%
SHAREHOLDERS EQUITY
Retained Earnings -$77.80M
YoY Change
Common Stock $37.24M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$40.56M -$40.56M -$40.70M
YoY Change
Total Liabilities & Shareholders Equity $1.463M $1.463M $1.311M
YoY Change 11.61% 11.61% 297.56%

Cashflow Statement

Concept 2021 Q4 2021 2020
OPERATING ACTIVITIES
Net Income $1.008M $126.2K $532.1K
YoY Change -22.92% -76.28% -143.35%
Depreciation, Depletion And Amortization $810.00 $3.200K $370.00
YoY Change 118.92% 764.86% -83.84%
Cash From Operating Activities $192.1K $344.5K $464.3K
YoY Change -41.59% -25.82% -476.2%
INVESTING ACTIVITIES
Capital Expenditures -$2.180K -$3.800K -$18.67K
YoY Change -88.32% -79.65%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$2.180K -$3.800K -$18.67K
YoY Change -88.32% -79.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -228.9K -443.3K -337.5K
YoY Change 8.26% 31.35% -373.94%
NET CHANGE
Cash From Operating Activities 192.1K 344.5K 464.3K
Cash From Investing Activities -2.180K -3.800K -18.67K
Cash From Financing Activities -228.9K -443.3K -337.5K
Net Change In Cash -38.99K -102.7K 108.2K
YoY Change -139.47% -194.94% -49259.09%
FREE CASH FLOW
Cash From Operating Activities $192.1K $344.5K $464.3K
Capital Expenditures -$2.180K -$3.800K -$18.67K
Free Cash Flow $194.3K $348.3K $483.0K
YoY Change -44.1% -27.9%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2021Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
USD
CY2021Q4 CIRX Interest Payable Non Current
InterestPayableNonCurrent
USD
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
USD
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
USD
CY2020 CIRX Gains Losses On Forgiveness Of Debt
GainsLossesOnForgivenessOfDebt
USD
CY2021 CIRX Related Party Expenses From Transactions With Related Party
RelatedPartyExpensesFromTransactionsWithRelatedParty
USD
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
USD
CY2021 CIRX Initial Measurement Of Derivative Liability
InitialMeasurementOfDerivativeLiability
USD
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
USD
CY2020Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
USD
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
USD
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
USD
CY2021 us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
USD
CY2021 us-gaap Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
USD
CY2021 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
USD
CY2021 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
USD
CY2020 us-gaap Interest Paid Net
InterestPaidNet
USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
USD
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Cash
DisposalGroupIncludingDiscontinuedOperationCash
USD
CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Cash
DisposalGroupIncludingDiscontinuedOperationCash
USD
CY2021Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
USD
CY2020Q4 us-gaap Assets Of Disposal Group Including Discontinued Operation
AssetsOfDisposalGroupIncludingDiscontinuedOperation
USD

Files In Submission

Name View Source Status
0001493152-22-010102-index-headers.html Edgar Link pending
0001493152-22-010102-index.html Edgar Link pending
0001493152-22-010102.txt Edgar Link pending
0001493152-22-010102-xbrl.zip Edgar Link pending
cirx-20211231.xsd Edgar Link pending
cirx-20211231_cal.xml Edgar Link unprocessable
cirx-20211231_def.xml Edgar Link unprocessable
cirx-20211231_lab.xml Edgar Link unprocessable
cirx-20211231_pre.xml Edgar Link unprocessable
ex31-01.htm Edgar Link pending
ex32-01.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
form10-k.htm Edgar Link pending
form10-k_001.jpg Edgar Link pending
form10-k_002.jpg Edgar Link pending
form10-k_htm.xml Edgar Link completed
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending