2024 Q2 Form 10-K Financial Statement

#000149315224015391 Filed on April 19, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2023 Q4 2023
Revenue $390.5K $177.7K $1.616M
YoY Change -14.83% 651.46% -6.0%
Cost Of Revenue $168.6K $230.5K $1.121M
YoY Change -37.57% -7.79% 60.96%
Gross Profit $221.9K -$52.74K $495.0K
YoY Change 17.73% -76.69% -51.61%
Gross Profit Margin 56.83% -29.68% 30.63%
Selling, General & Admin $190.5K -$284.5K $509.9K
YoY Change 26.6% -1840.94% -49.21%
% of Gross Profit 85.86% 103.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.250K $4.510K
YoY Change 22.55% 16.21%
% of Gross Profit 0.91%
Operating Expenses $316.2K -$284.5K $509.9K
YoY Change 9.94% -1840.94% -67.0%
Operating Profit -$94.29K $231.7K -$14.91K
YoY Change -4.87% -195.51% -97.15%
Interest Expense -$479.2K -$1.061M
YoY Change 125.43% -249.56%
% of Operating Profit -206.8%
Other Income/Expense, Net -$263.6K $0.00 $1.120K
YoY Change 149.56% -100.14%
Pretax Income -$396.1K $262.6K -$551.7K
YoY Change 93.48% -157.69% -61.98%
Income Tax -$8.530K -$8.530K
% Of Pretax Income -3.25%
Net Earnings -$396.1K $21.22M $20.29M
YoY Change 63.02% -3994.83% -1450.67%
Net Earnings / Revenue -101.44% 11938.7% 1255.35%
Basic Earnings Per Share -$0.08 $4.10
Diluted Earnings Per Share -$0.08 $4.29 $4.10
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 2024 Q2 2023 Q4 2023
SHORT-TERM ASSETS
Cash & Short-Term Investments $0.00 $0.00
YoY Change -100.0% -100.0%
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets $411.7K $692.5K $692.5K
YoY Change 1.94% 110.82% -11.96%
Inventory $802.3K $815.6K $815.6K
Prepaid Expenses
Receivables $112.2K $21.54K $21.54K
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.968M $1.530M $1.530M
YoY Change 28.09% -9.14% -9.14%
LONG-TERM ASSETS
Property, Plant & Equipment $16.48K $18.93K $18.93K
YoY Change -23.5% 26.05% 26.03%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $300.0K $300.0K
YoY Change 0.0% 0.0%
Other Assets
YoY Change
Total Long-Term Assets $316.5K $318.9K $318.9K
YoY Change -1.57% 1.24% 1.24%
TOTAL ASSETS
Total Short-Term Assets $1.968M $1.530M $1.530M
Total Long-Term Assets $316.5K $318.9K $318.9K
Total Assets $2.284M $1.849M $1.849M
YoY Change 22.96% -7.5% -7.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $657.6K $1.213M $1.213M
YoY Change -96.91% -47.82% -94.36%
Accrued Expenses $3.234M $12.86M $12.86M
YoY Change 45.75% 518.48% 19.79%
Deferred Revenue
YoY Change
Short-Term Debt $2.322M $2.322M
YoY Change -21.73% -21.73%
Long-Term Debt Due $593.4K $593.4K
YoY Change 0.0% 0.0%
Total Short-Term Liabilities $22.16M $20.86M $20.86M
YoY Change -47.16% -49.6% -49.6%
LONG-TERM LIABILITIES
Long-Term Debt $2.713M $2.713M
YoY Change 3.36% 3.36%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $2.713M $2.713M
YoY Change 3.36% 3.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.16M $20.86M $20.86M
Total Long-Term Liabilities $2.713M $2.713M
Total Liabilities $24.98M $23.63M $23.63M
YoY Change -44.06% -46.38% -46.38%
SHAREHOLDERS EQUITY
Retained Earnings -$59.93M -$59.02M
YoY Change -25.11% -25.58%
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 -$22.69M -$21.78M -$21.78M
YoY Change
Total Liabilities & Shareholders Equity $2.284M $1.849M $1.849M
YoY Change 22.96% -7.5% -7.5%

Cashflow Statement

Concept 2024 Q2 2023 Q4 2023
OPERATING ACTIVITIES
Net Income -$396.1K $21.22M $20.29M
YoY Change 63.02% -3994.83% -1450.67%
Depreciation, Depletion And Amortization $1.250K $4.510K
YoY Change 22.55% 16.21%
Cash From Operating Activities -$105.6K -$72.61K
YoY Change 1109.85% -145.58%
INVESTING ACTIVITIES
Capital Expenditures $0.00 $8.410K
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00 -$8.410K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 82.21K 62.94K
YoY Change -697.89% -142.91%
NET CHANGE
Cash From Operating Activities -105.6K -72.61K
Cash From Investing Activities 0.000 -8.410K
Cash From Financing Activities 82.21K 62.94K
Net Change In Cash -23.41K -18.08K
YoY Change 4.14% -243.39%
FREE CASH FLOW
Cash From Operating Activities -$105.6K -$72.61K
Capital Expenditures $0.00 $8.410K
Free Cash Flow -$105.6K -$81.02K
YoY Change 1109.85% -150.86%

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IncreaseDecreaseInOtherCurrentAssets
60648 usd
CY2023 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1188715 usd
CY2022 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
399949 usd
CY2023 CIRX Increase Decrease In Product Return And Credits
IncreaseDecreaseInProductReturnAndCredits
8701 usd
CY2023 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
810136 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
644758 usd
CY2022 CIRX Increase Decrease In Lease Liability
IncreaseDecreaseInLeaseLiability
22291 usd
CY2023 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
272377 usd
CY2022 us-gaap Increase Decrease In Employee Related Liabilities
IncreaseDecreaseInEmployeeRelatedLiabilities
465133 usd
CY2023 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
544073 usd
CY2022 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
334313 usd
CY2023 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
5058 usd
CY2022 us-gaap Increase Decrease In Accrued Taxes Payable
IncreaseDecreaseInAccruedTaxesPayable
50888 usd
CY2023 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-72607 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
159304 usd
CY2023 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
8414 usd
CY2023 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-8414 usd
CY2023 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
4182 usd
CY2023 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
114600 usd
CY2022 us-gaap Proceeds From Related Party Debt
ProceedsFromRelatedPartyDebt
8137 usd
CY2023 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
47478 usd
CY2022 us-gaap Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
154832 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
62940 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-146695 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-18081 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
12609 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18081 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
5472 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
18081 usd
CY2023 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_801_eus-gaap--NatureOfOperations_z8P1YDbTnq04" 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_827_zO5Fg1UWtVM4">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>
CY2023 CIRX Use Of Estimate
UseOfEstimate
<p id="xdx_847_ecustom--UseOfEstimate_zYrAM3X0yHJi" 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_869_zxj42esoxbqc">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">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Significant estimates include the estimated useful lives of property and equipment. 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>
CY2023 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_844_eus-gaap--UseOfEstimates_zpLRf7i7pw58" 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_864_zHhImlOp5bOg">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>
CY2023 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_840_eus-gaap--ConcentrationRiskCreditRisk_zhQxFV40gp69" 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_zCHAIIOAvhP2">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>
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
43023 usd
CY2022Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
28343 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
815612 usd
CY2022Q4 us-gaap Inventory Net
InventoryNet
816014 usd
CY2023Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2022Q4 us-gaap Cash Equivalents At Carrying Value
CashEquivalentsAtCarryingValue
0 usd
CY2023 CIRX Percentage Of Royalty Gross Sales
PercentageOfRoyaltyGrossSales
0.08 pure
CY2023 us-gaap Royalty Expense
RoyaltyExpense
350000 usd
CY2023Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
0 usd
CY2022Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
39438 usd
CY2023Q4 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
300000 usd
CY2022Q4 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
300000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
772589 usd
CY2022Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
787671 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
1296937 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
1004837 usd
CY2023 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
216834000 shares
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
106623280 shares
CY2023Q4 CIRX Working Capital Deficiency
WorkingCapitalDeficiency
19329094 usd
CY2023 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-543166 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-59017191 usd
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
30884 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
22470 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
11959 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
7452 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
18925 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
15018 usd
CY2023 us-gaap Depreciation And Amortization
DepreciationAndAmortization
4508 usd
CY2022 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3881 usd
CY2023 CIRX Increase Decrease In Deposits On Inventory Related Parties
IncreaseDecreaseInDepositsOnInventoryRelatedParties
193222 usd
CY2023Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
37228 usd
CY2022Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
548811 usd
CY2023Q4 us-gaap Accrued Royalties Current And Noncurrent
AccruedRoyaltiesCurrentAndNoncurrent
1092915 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1759246 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
1530441 usd
CY2023Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2889389 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
2079252 usd
CY2023Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
45000 usd
CY2022Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
45000 usd
CY2023Q4 CIRX Advance Customer Deposits
AdvanceCustomerDeposits
1735109 usd
CY2022Q4 CIRX Advance Customer Deposits
AdvanceCustomerDeposits
1437361 usd
CY2023Q4 CIRX Accrued Director Fees Current
AccruedDirectorFeesCurrent
135000 usd
CY2022Q4 CIRX Accrued Director Fees Current
AccruedDirectorFeesCurrent
135000 usd
CY2023Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
121858 usd
CY2022Q4 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
121858 usd
CY2023Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
2148 usd
CY2022Q4 us-gaap Accrued Sales Commission Current
AccruedSalesCommissionCurrent
2148 usd
CY2023Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
438822 usd
CY2022Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
500322 usd
CY2023Q4 CIRX Accrued Administrative Payroll Current
AccruedAdministrativePayrollCurrent
4369385 usd
CY2022Q4 CIRX Accrued Administrative Payroll Current
AccruedAdministrativePayrollCurrent
4035508 usd
CY2023Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
5067213 usd
CY2022Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
4794836 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
2000 shares
CY2023Q4 CIRX Notes Payablet To Former Service Provider
NotesPayabletToFormerServiceProvider
90000 usd
CY2022Q4 CIRX Notes Payablet To Former Service Provider
NotesPayabletToFormerServiceProvider
90000 usd
CY2023Q4 CIRX Note Payable For Settlement Of Debt
NotePayableForSettlementOfDebt
500000 usd
CY2022Q4 CIRX Note Payable For Settlement Of Debt
NotePayableForSettlementOfDebt
500000 usd
CY2023Q4 CIRX Small Business Administration Loan
SmallBusinessAdministrationLoan
134636 usd
CY2022Q4 CIRX Small Business Administration Loan
SmallBusinessAdministrationLoan
143000 usd
CY2023Q4 us-gaap Notes Payable
NotesPayable
724636 usd
CY2022Q4 us-gaap Notes Payable
NotesPayable
733000 usd
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2665528 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2665528 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
323310 usd
CY2022Q4 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
432934 usd
CY2023Q4 us-gaap Convertible Debt
ConvertibleDebt
2342218 usd
CY2022Q4 us-gaap Convertible Debt
ConvertibleDebt
2232594 usd
CY2023Q4 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
264284 usd
CY2022Q4 us-gaap Convertible Debt Current
ConvertibleDebtCurrent
264284 usd
CY2023Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
2077934 usd
CY2022Q4 us-gaap Convertible Debt Noncurrent
ConvertibleDebtNoncurrent
1968310 usd
CY2023 us-gaap Debt Instrument Convertible Stock Price Trigger
DebtInstrumentConvertibleStockPriceTrigger
100
CY2023 us-gaap Debt Instrument Convertible Threshold Trading Days
DebtInstrumentConvertibleThresholdTradingDays
20 integer
CY2023Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
2665528 usd
CY2023 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
CY2023 us-gaap Debt Instrument Convertible Stock Price Trigger
DebtInstrumentConvertibleStockPriceTrigger
100
CY2023 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-292100 usd
CY2022 us-gaap Derivative Gain Loss On Derivative Net
DerivativeGainLossOnDerivativeNet
-66040 usd
CY2023Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1296937 usd
CY2022Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
1004837 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
3800000 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
21400000 usd
CY2022Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
50888 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-8533 usd
CY2023Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1177300 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
5461800 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
1177300 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
5461800 usd
CY2023 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
4260600 usd
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-315400 usd
CY2023 CIRX Income Tax Reconciliation Change In Payroll Accruals
IncomeTaxReconciliationChangeInPayrollAccruals
57200 usd
CY2022 CIRX Income Tax Reconciliation Change In Payroll Accruals
IncomeTaxReconciliationChangeInPayrollAccruals
74200 usd
CY2023 CIRX Income Tax Reconciliation Allowance For Doubtful Accounts
IncomeTaxReconciliationAllowanceForDoubtfulAccounts
-8300 usd
CY2022 CIRX Income Tax Reconciliation Allowance For Doubtful Accounts
IncomeTaxReconciliationAllowanceForDoubtfulAccounts
8300 usd
CY2023 CIRX Income Tax Reconciliation Nondeductible Expense Amortization Of Debt Discount
IncomeTaxReconciliationNondeductibleExpenseAmortizationOfDebtDiscount
23000 usd
CY2022 CIRX Income Tax Reconciliation Nondeductible Expense Amortization Of Debt Discount
IncomeTaxReconciliationNondeductibleExpenseAmortizationOfDebtDiscount
19255 usd
CY2023 CIRX Income Tax Reconciliation Change In Derivative Liability
IncomeTaxReconciliationChangeInDerivativeLiability
61300 usd
CY2022 CIRX Income Tax Reconciliation Change In Derivative Liability
IncomeTaxReconciliationChangeInDerivativeLiability
13868 usd
CY2023 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
-4393800 usd
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
199777 usd
CY2023Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
0 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
0 usd
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
40000 shares
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
40000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
0.03
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
0.03
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P1Y8M4D
CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P1Y8M4D
CY2023Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Outstanding Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfOutstandingOptions
40000 shares
CY2023Q4 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Exercise Price Beginning Balance1
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageExercisePriceBeginningBalance1
0.03
CY2023 us-gaap Sharebased Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Outstanding Options Weighted Average Remaining Contractual Term2
SharebasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeOutstandingOptionsWeightedAverageRemainingContractualTerm2
P2Y11M8D
CY2023Q4 us-gaap Share Based Compensation Shares Authorized Under Stock Option Plans Exercise Price Range Number Of Exercisable Options
ShareBasedCompensationSharesAuthorizedUnderStockOptionPlansExercisePriceRangeNumberOfExercisableOptions
40000 shares
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable
DisposalGroupIncludingDiscontinuedOperationAccountsPayable
283818 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Accounts Payable
DisposalGroupIncludingDiscontinuedOperationAccountsPayable
18338848 usd
CY2023Q4 us-gaap Disposal Group Including Discontinued Operation Accrued Liabilities
DisposalGroupIncludingDiscontinuedOperationAccruedLiabilities
58184 usd
CY2022Q4 us-gaap Disposal Group Including Discontinued Operation Accrued Liabilities
DisposalGroupIncludingDiscontinuedOperationAccruedLiabilities
589380 usd
CY2023Q4 CIRX Disposal Group Including Discontinued Operation Interest Payable
DisposalGroupIncludingDiscontinuedOperationInterestPayable
1636624 usd
CY2022Q4 CIRX Disposal Group Including Discontinued Operation Interest Payable
DisposalGroupIncludingDiscontinuedOperationInterestPayable
1483157 usd
CY2023Q4 CIRX Disposal Group Including Discontinued Operation Accrued Payroll And Compensation Expense
DisposalGroupIncludingDiscontinuedOperationAccruedPayrollAndCompensationExpense
122864 usd
CY2022Q4 CIRX Disposal Group Including Discontinued Operation Accrued Payroll And Compensation Expense
DisposalGroupIncludingDiscontinuedOperationAccruedPayrollAndCompensationExpense
131108 usd
CY2023Q4 CIRX Current Maturities Of Longterm Debt Of Disposal Group Including Discontinued Operation
CurrentMaturitiesOfLongtermDebtOfDisposalGroupIncludingDiscontinuedOperation
239085 usd
CY2022Q4 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
CY2023Q4 CIRX Shortterm Advances Payable Of Disposal Group Including Discontinued Operation
ShorttermAdvancesPayableOfDisposalGroupIncludingDiscontinuedOperation
2170500 usd
CY2022Q4 CIRX Shortterm Advances Payable Of Disposal Group Including Discontinued Operation
ShorttermAdvancesPayableOfDisposalGroupIncludingDiscontinuedOperation
2784773 usd
CY2023Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
4511075 usd
CY2022Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation
25342601 usd
CY2023 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
18878359 usd
CY2023 CIRX Disposal Group Including Discontinued Operation Gains Losses On Forgiveness Of Debt
DisposalGroupIncludingDiscontinuedOperationGainsLossesOnForgivenessOfDebt
2106633 usd
CY2023 us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
153466 usd
CY2022 us-gaap Disposal Group Including Discontinued Operation Interest Expense
DisposalGroupIncludingDiscontinuedOperationInterestExpense
153466 usd
CY2023 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
20831526 usd
CY2022 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
-153466 usd

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