2023 Q2 Form 10-K Financial Statement

#000149315223012637 Filed on April 18, 2023

View on sec.gov

Income Statement

Concept 2023 Q2 2022 Q4 2022
Revenue $458.5K $23.65K $1.719M
YoY Change -12.98% -96.31% -41.18%
Cost Of Revenue $270.0K $249.9K $696.5K
YoY Change 51.29% -19.13% -54.19%
Gross Profit $188.5K -$226.3K $1.023M
YoY Change -45.9% -168.01% -27.08%
Gross Profit Margin 41.11% -956.79% 59.49%
Selling, General & Admin $150.5K $16.34K $1.004M
YoY Change -52.61% -96.48% -38.43%
% of Gross Profit 79.85% 98.16%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $970.00 $1.020K $3.881K
YoY Change 4.3% 25.93% 21.28%
% of Gross Profit 0.51% 0.38%
Operating Expenses $287.6K $16.34K $1.545M
YoY Change -36.38% -96.48% -5.24%
Operating Profit -$99.12K -$242.6K -$522.3K
YoY Change -4.36% 83.76% 129.08%
Interest Expense $186.8K -$212.6K $709.4K
YoY Change 6.68% 1641.03% -201.84%
% of Operating Profit
Other Income/Expense, Net -$105.6K -$775.5K
YoY Change -38.95% -76877.62%
Pretax Income -$204.7K -$455.2K -$1.451M
YoY Change -25.99% 540.48% 73.08%
Income Tax $50.89K -$50.89K
% Of Pretax Income
Net Earnings -$243.0K -$544.8K -$1.502M
YoY Change -22.84% -154.02% -1290.15%
Net Earnings / Revenue -52.99% -2303.42% -87.36%
Basic Earnings Per Share -$0.05 -$0.30
Diluted Earnings Per Share -$0.05 -$0.10 -$0.01
COMMON SHARES
Basic Shares Outstanding 4.945M shares 4.945M shares 4.945M shares
Diluted Shares Outstanding 4.945M shares 4.945M shares

Balance Sheet

Concept 2023 Q2 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.67K $18.08K $18.08K
YoY Change 420.73% 230.53% 230.53%
Cash & Equivalents $35.67K $18.08K
Short-Term Investments
Other Short-Term Assets $403.9K $328.5K $786.5K
YoY Change 41.14% 22.65% 114.61%
Inventory $902.5K $816.0K $816.0K
Prepaid Expenses
Receivables $143.8K $62.87K $62.87K
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.536M $1.684M $1.684M
YoY Change 4.39% 50.02% 50.02%
LONG-TERM ASSETS
Property, Plant & Equipment $21.54K $15.02K $15.02K
YoY Change 26.52% -20.54% -63.53%
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 $321.5K $315.0K $315.0K
YoY Change -0.98% -7.67% -7.67%
TOTAL ASSETS
Total Short-Term Assets $1.536M $1.684M $1.684M
Total Long-Term Assets $321.5K $315.0K $315.0K
Total Assets $1.858M $1.999M $1.999M
YoY Change 3.42% 36.57% 36.57%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $21.31M $2.324M $21.51M
YoY Change 908.18% 20.79% 946.44%
Accrued Expenses $2.219M $2.079M $10.74M
YoY Change 31.74% 55.36% 9.08%
Deferred Revenue
YoY Change
Short-Term Debt $2.967M $2.967M $2.967M
YoY Change 1529.0% 413.7% -11.76%
Long-Term Debt Due $593.4K $593.4K $593.4K
YoY Change 67.49% 559.3% 80.31%
Total Short-Term Liabilities $41.94M $41.39M $41.39M
YoY Change 3.83% 4.8% 4.8%
LONG-TERM LIABILITIES
Long-Term Debt $2.654M $2.624M $2.624M
YoY Change 2.98% 3.62% 3.62%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.654M $2.624M $2.624M
YoY Change 2.98% 3.62% 3.62%
TOTAL LIABILITIES
Total Short-Term Liabilities $41.94M $41.39M $41.39M
Total Long-Term Liabilities $2.654M $2.624M $2.624M
Total Liabilities $44.65M $44.07M $44.07M
YoY Change 3.9% 4.85% 4.85%
SHAREHOLDERS EQUITY
Retained Earnings -$80.03M -$79.31M
YoY Change 2.06% 1.93%
Common Stock $37.24M $37.24M
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$42.79M -$42.07M -$42.07M
YoY Change
Total Liabilities & Shareholders Equity $1.858M $1.999M $1.999M
YoY Change 3.42% 36.57% 36.57%

Cashflow Statement

Concept 2023 Q2 2022 Q4 2022
OPERATING ACTIVITIES
Net Income -$243.0K -$544.8K -$1.502M
YoY Change -22.84% -154.02% -1290.15%
Depreciation, Depletion And Amortization $970.00 $1.020K $3.881K
YoY Change 4.3% 25.93% 21.28%
Cash From Operating Activities -$217.4K -$8.730K $159.3K
YoY Change -706.13% -104.54% -53.75%
INVESTING ACTIVITIES
Capital Expenditures $8.410K $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$8.410K $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 62.60K -13.75K -$146.7K
YoY Change -195.5% -93.99% -66.91%
NET CHANGE
Cash From Operating Activities -217.4K -8.730K $159.3K
Cash From Investing Activities -8.410K 0.000
Cash From Financing Activities 62.60K -13.75K -$146.7K
Net Change In Cash -163.2K -22.48K $12.61K
YoY Change 449.97% -42.34% -112.28%
FREE CASH FLOW
Cash From Operating Activities -$217.4K -$8.730K $159.3K
Capital Expenditures $8.410K $0.00
Free Cash Flow -$225.8K -$8.730K $159.3K
YoY Change -729.58% -104.49% -54.26%

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CY2021 us-gaap Depreciation
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CY2022 us-gaap Derivative Gain Loss On Derivative Net
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CY2021 us-gaap Derivative Gain Loss On Derivative Net
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CY2022 us-gaap Amortization Of Debt Discount Premium
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CY2021 us-gaap Amortization Of Debt Discount Premium
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CY2021 us-gaap Share Based Compensation
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CY2021 us-gaap Gains Losses On Extinguishment Of Debt
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CY2021 CIRX Gain Loss On Write Off Of Accounts Payable
GainLossOnWriteOffOfAccountsPayable
72158 usd
CY2022 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2021 us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
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CY2022 us-gaap Increase Decrease In Inventories
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CY2021 us-gaap Increase Decrease In Inventories
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IncreaseDecreaseInDepositOtherAssets
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CY2021 us-gaap Increase Decrease In Deposit Other Assets
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IncreaseDecreaseInDepositsOnInventoryRelatedParty
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CY2021 CIRX Increase Decrease In Deposits On Inventory Related Party
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CY2022 us-gaap Increase Decrease In Accounts Receivable
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CY2021 us-gaap Increase Decrease In Accounts Receivable
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CY2022 us-gaap Increase Decrease In Other Current Assets
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CY2021 us-gaap Increase Decrease In Other Current Assets
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CY2022 us-gaap Increase Decrease In Accounts Payable
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CY2021 us-gaap Increase Decrease In Accounts Payable
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CY2022 us-gaap Increase Decrease In Accrued Liabilities
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CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
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CY2022 CIRX Increase Decrease In Lease Liability
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22291 usd
CY2021 CIRX Increase Decrease In Lease Liability
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28118 usd
CY2022 us-gaap Increase Decrease In Employee Related Liabilities
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CY2021 us-gaap Increase Decrease In Employee Related Liabilities
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CY2022 us-gaap Increase Decrease In Interest Payable Net
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CY2021 us-gaap Increase Decrease In Interest Payable Net
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CY2021 us-gaap Increase Decrease In Accrued Taxes Payable
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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CY2021 us-gaap Proceeds From Related Party Debt
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CY2021 us-gaap Repayments Of Short Term Debt
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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12609 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2021 us-gaap Stock Issued1
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CY2022 us-gaap Nature Of Operations
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<p id="xdx_801_eus-gaap--NatureOfOperations_zq0EhOtsBLP8" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1 — <span id="xdx_826_z0j5QrIt9sua">ORGANIZATION AND NATURE OF OPERATIONS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In 1987, CirTran Corporation was incorporated in Nevada under the name Vermillion Ventures, Inc., for the purpose of acquiring other operating corporate entities. We were largely inactive until July 1, 2000, when our wholly owned subsidiary, CirTran Corporation (Utah), acquired substantially all the assets and certain liabilities of Circuit Technology, Inc., founded by our president, Iehab Hawatmeh.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We, together with our majority-owned subsidiaries, manufacture, distribute, and sell condoms, electronic tobacco products, cigars, energy drinks, water beverages, and related merchandise, all using the HUSTLER® brand name. Since entering our 2019 five-year manufacturing and distribution agreement with an unrelated party, our efforts have been devoted to phase one of our development of all HUSTLER®-branded products, which led us to generating revenue during 2020 for the first time in several years.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Use Of Estimates
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<p id="xdx_840_eus-gaap--UseOfEstimates_zTlTOafkBsNb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline"><span id="xdx_86C_zayNjdYDRckg">Use of Estimates</span></span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In preparing the financial statements in accordance with US GAAP, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reported periods. Actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_84A_eus-gaap--ConcentrationRiskCreditRisk_zXVbxuvd0Doi" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><i><span style="text-decoration: underline"><span id="xdx_86B_zQLVuPVggaq3">Concentrations of Credit Risk</span></span></i></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">We maintain our cash in bank deposit accounts, the balances of which at times may exceed federally insured limits. We continually monitor our banking relationships and consequently have not experienced any losses in our accounts. At times, such deposits may exceed the Federal Deposit Insurance Corporation insurable limit.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
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CY2021Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
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CY2021Q4 us-gaap Inventory Raw Materials
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CY2021Q4 us-gaap Inventory Net
InventoryNet
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CY2022Q4 us-gaap Property Plant And Equipment Net
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CY2021Q4 us-gaap Property Plant And Equipment Net
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CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
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CY2022 us-gaap Profit Loss
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CY2021Q4 us-gaap Due To Related Parties Current
DueToRelatedPartiesCurrent
21882 usd
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CY2021Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
13740 usd
CY2022 CIRX Increase Decrease In Deposits On Inventory Related Parties
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CY2022Q4 us-gaap Taxes Payable Current
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CY2021Q4 us-gaap Other Accrued Liabilities Current
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CY2022Q4 us-gaap Accrued Liabilities Current
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CY2021Q4 us-gaap Accrued Liabilities Current
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CY2022Q4 CIRX Advance Customer Deposits
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CY2021Q4 CIRX Advance Customer Deposits
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CY2022Q4 CIRX Accrued Director Fees Current
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CY2021Q4 CIRX Accrued Director Fees Current
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135000 usd
CY2022Q4 us-gaap Accrued Bonuses Current
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CY2022Q4 us-gaap Accrued Sales Commission Current
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CY2021Q4 us-gaap Accrued Sales Commission Current
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CY2021Q4 us-gaap Other Employee Related Liabilities Current
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CY2021Q4 CIRX Accrued Administrative Payroll Current
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CY2022Q4 us-gaap Employee Related Liabilities Current
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CY2021Q4 us-gaap Employee Related Liabilities Current
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CY2022Q4 us-gaap Notes Payable Current
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90000 usd
CY2021Q4 us-gaap Notes Payable Current
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90000 usd
CY2022Q4 CIRX Note Payable For Settlement Of Debt
NotePayableForSettlementOfDebt
500000 usd
CY2021Q4 CIRX Note Payable For Settlement Of Debt
NotePayableForSettlementOfDebt
500000 usd
CY2022Q4 CIRX Small Business Administration Loan
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143000 usd
CY2021Q4 CIRX Small Business Administration Loan
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143000 usd
CY2022Q4 us-gaap Notes Payable
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733000 usd
CY2021Q4 us-gaap Notes Payable
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733000 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
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2665528 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
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2665528 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
432934 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount
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524623 usd
CY2022Q4 us-gaap Convertible Debt
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CY2021Q4 us-gaap Convertible Debt
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CY2022Q4 us-gaap Convertible Debt Current
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264284 usd
CY2021Q4 us-gaap Convertible Debt Current
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CY2022Q4 us-gaap Convertible Debt Noncurrent
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CY2021Q4 us-gaap Convertible Debt Noncurrent
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CY2022 us-gaap Debt Instrument Convertible Stock Price Trigger
DebtInstrumentConvertibleStockPriceTrigger
100
CY2022 us-gaap Debt Instrument Convertible Threshold Trading Days
DebtInstrumentConvertibleThresholdTradingDays
20 integer
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2665528 usd
CY2022 us-gaap Debt Instrument Convertible Terms Of Conversion Feature
DebtInstrumentConvertibleTermsOfConversionFeature
convertible at the holder’s option into common stock of the company at the lesser of $100 (notes one through four) or $0.10 (note five) or the lowest closing bid price in the prior 20 trading days.
CY2022 us-gaap Debt Instrument Convertible Stock Price Trigger
DebtInstrumentConvertibleStockPriceTrigger
100
CY2022 CIRX Fair Value Of Derivative Loss
FairValueOfDerivativeLoss
66040 usd
CY2021 CIRX Fair Value Of Derivative Loss
FairValueOfDerivativeLoss
1655037 usd
CY2022Q4 us-gaap Derivative Liabilities Current
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CY2021Q4 us-gaap Derivative Liabilities Current
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CY2022Q4 us-gaap Common Stock Shares Authorized
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100000000 shares
CY2022Q4 us-gaap Common Stock Par Or Stated Value Per Share
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0.001
CY2021 us-gaap Stock Issued During Period Shares New Issues
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225000 shares
CY2021 us-gaap Stock Issued During Period Value New Issues
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6750 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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0.21 pure
CY2022Q4 us-gaap Operating Loss Carryforwards
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21400000 usd
CY2021Q4 us-gaap Operating Loss Carryforwards
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20200000 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
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1274300 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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1244300 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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1274300 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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23900 usd
CY2022 CIRX Income Tax Reconciliation Change In Payroll Accruals
IncomeTaxReconciliationChangeInPayrollAccruals
74200 usd
CY2021 CIRX Income Tax Reconciliation Change In Payroll Accruals
IncomeTaxReconciliationChangeInPayrollAccruals
74900 usd
CY2022 CIRX Income Tax Reconciliation Allowance For Doubtful Accounts
IncomeTaxReconciliationAllowanceForDoubtfulAccounts
8300 usd
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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39 usd
CY2022 CIRX Income Tax Reconciliation Nondeductible Expense Amortization Of Debt Discount
IncomeTaxReconciliationNondeductibleExpenseAmortizationOfDebtDiscount
19255 usd
CY2021 CIRX Income Tax Reconciliation Nondeductible Expense Amortization Of Debt Discount
IncomeTaxReconciliationNondeductibleExpenseAmortizationOfDebtDiscount
18650 usd
CY2022 CIRX Income Tax Reconciliation Change In Derivative Liability
IncomeTaxReconciliationChangeInDerivativeLiability
13868 usd
CY2021 CIRX Income Tax Reconciliation Change In Derivative Liability
IncomeTaxReconciliationChangeInDerivativeLiability
3390 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2021 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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0 usd
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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0 usd
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
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0.05
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P2Y11M4D
CY2022Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
40000 shares
CY2022Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
0.05
CY2022 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P2Y11M4D
CY2022Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
40000 shares
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable
DisposalGroupIncludingDiscontinuedOperationAccountsPayable
18338848 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable
DisposalGroupIncludingDiscontinuedOperationAccountsPayable
18338848 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Accrued Liabilities
DisposalGroupIncludingDiscontinuedOperationAccruedLiabilities
589380 usd
CY2021Q4 us-gaap Disposal Group Including Discontinued Operation Accrued Liabilities
DisposalGroupIncludingDiscontinuedOperationAccruedLiabilities
589380 usd
CY2022Q4 CIRX Disposal Group Including Discontinued Operation Interest Payable
DisposalGroupIncludingDiscontinuedOperationInterestPayable
1483157 usd
CY2021Q4 CIRX Disposal Group Including Discontinued Operation Interest Payable
DisposalGroupIncludingDiscontinuedOperationInterestPayable
1329692 usd
CY2022Q4 CIRX Disposal Group Including Discontinued Operation Accrued Payroll And Compensation Expense
DisposalGroupIncludingDiscontinuedOperationAccruedPayrollAndCompensationExpense
131108 usd
CY2021Q4 CIRX Disposal Group Including Discontinued Operation Accrued Payroll And Compensation Expense
DisposalGroupIncludingDiscontinuedOperationAccruedPayrollAndCompensationExpense
131108 usd
CY2022Q4 CIRX Current Maturities Of Longterm Debt Of Disposal Group Including Discontinued Operation
CurrentMaturitiesOfLongtermDebtOfDisposalGroupIncludingDiscontinuedOperation
239085 usd
CY2021Q4 CIRX Current Maturities Of Longterm Debt Of Disposal Group Including Discontinued Operation
CurrentMaturitiesOfLongtermDebtOfDisposalGroupIncludingDiscontinuedOperation
239085 usd
CY2022Q4 CIRX Related Party Payable Liabilities Of Disposal Group Including Discontinued Operation
RelatedPartyPayableLiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
1776250 usd
CY2021Q4 CIRX Related Party Payable Liabilities Of Disposal Group Including Discontinued Operation
RelatedPartyPayableLiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
1776250 usd
CY2022Q4 CIRX Shortterm Advances Payable Of Disposal Group Including Discontinued Operation
ShorttermAdvancesPayableOfDisposalGroupIncludingDiscontinuedOperation
2784773 usd
CY2021Q4 CIRX Shortterm Advances Payable Of Disposal Group Including Discontinued Operation
ShorttermAdvancesPayableOfDisposalGroupIncludingDiscontinuedOperation
2784773 usd
CY2022Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
25342601 usd
CY2021Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
25189136 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
153466 usd
CY2021 us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
153465 usd
CY2021 CIRX Disposal Group Including Discontinued Operation Gain Loss On Write Of Off Accounts Payable
DisposalGroupIncludingDiscontinuedOperationGainLossOnWriteOfOffAccountsPayable
1118150 usd
CY2022 CIRX Disposal Group Including Discontinued Operation Of Total Other Income Expense
DisposalGroupIncludingDiscontinuedOperationOfTotalOtherIncomeExpense
-153466 usd
CY2021 CIRX Disposal Group Including Discontinued Operation Of Total Other Income Expense
DisposalGroupIncludingDiscontinuedOperationOfTotalOtherIncomeExpense
964685 usd
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-153466 usd
CY2021 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
964685 usd
CY2022 dei Auditor Name
AuditorName
Fruci & Associates II, PLLC

Files In Submission

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0001493152-23-012637-index.html Edgar Link pending
0001493152-23-012637.txt Edgar Link pending
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cirx-20221231.xsd Edgar Link pending
ex31-01.htm Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
form10-k.htm Edgar Link pending
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