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CIRX Cirtran

From 2007 until October 2016, we manufactured, marketed, and distributed internationally an energy drink under a license with Playboy through our subsidiary, CirTran Beverage Corporation (“CirTran Beverage”). CirTran Beverage conducted its activities under an agreement with Play Beverages, LLC (“PlayBev”), which held the Playboy license. During this time, PlayBev was considered a variable interest entity. On October 21, 2016, we deconsolidated PlayBev from our consolidated financial statements.

Company profile

Ticker
CIRX
Exchange
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
VERMILLION VENTURES INC
SEC CIK
IRS number
680121636

Calendar

1 Apr 21
13 Apr 21
31 Dec 21
Quarter (USD)
Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 19 Dec 18 Dec 13 Dec 12
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Cirtran earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 9.35K 9.35K 9.35K 9.35K 9.35K 9.35K
Cash burn (monthly) 30.99K (positive/no burn) 26.35K (positive/no burn) 23.39K (positive/no burn)
Cash used (since last report) 200.42K n/a 170.42K n/a 151.28K n/a
Cash remaining -191.07K n/a -161.07K n/a -141.92K n/a
Runway (months of cash) -6.2 n/a -6.1 n/a -6.1 n/a

Beta Read what these cash burn values mean

Financial report summary

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Management Discussion
  • We had no revenues for the years ended December 31, 2019 and 2018.
  • During the year ended December 31, 2019, selling, general, and administrative expenses were approximately $407,000, as compared to approximately $447,000 for the same period in 2018, a decrease of 9%, as a result of a reduction in legal expenses.
  • Other expenses during the year ended December 31, 2019, consisted of approximately $593,000 of interest expense, a loss on derivation valuation of approximately $81,000, offset by other income and a gain on settlement of debt totaling approximately $1,000. Other expenses during the year ended December 31, 2018, consisted solely of approximately $500,000 of interest expense related to convertible notes.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: acquisition, CEP, delivery, milestone, packaging, percentage, reclassification, reject, spent
Removed: Lattice, model, Multinomial