Cirtran Corp NT 10-K, filed Apr 1, 2022
Cirtran Corp (CIRX)
| UNITED STATES | OMB APPROVAL | |
| SECURITIES AND EXCHANGE COMMISSION | OMB Number: 3235-0058 | |
| Washington, D.C. 20549 | Expires: March 31, 2022 | |
| Estimated average burden | ||
| hours per response 2.50 | ||
| FORM 12b-25 | ||
| SEC FILE NUMBER | ||
| 000-49654 | ||
| NOTIFICATION OF LATE FILING | ||
| CUSIP NUMBER | ||
| 17276F404 |
| (Check One): | ☒ Form 10-K | ☐ Form 20-F | ☐ Form 11-K | ☐ Form 10-Q | ☐ Form 10-D | ☐ Form N-CEN | ☐ Form N-CSR |
For Period Ended: December 31, 2021
☐Transition Report on Form 10-K
☐Transition Report on Form 20-F
☐Transition Report on Form 11-K
☐Transition Report on Form 10-Q
| For the Transition Period Ended: | ______________________ |
Read Instruction (on back page) Before Preparing Form. Please Print or Type.
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART I — REGISTRANT INFORMATION
| CirTran Corporation |
Full Name of Registrant
Former Name if Applicable
| 6360 S Pecos Road, Suite 8 |
Address of Principal Executive Office (Street and Number)
| Las Vegas, NV 89120 |
City, State and Zip Code
PART II — RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
☒ |
(a) | The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; |
| (b) | The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and | |
| (c) | The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable. |
PART III — NARRATIVE
State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period. (Attach extra sheets if needed.)
We were unable to file our annual report on Form 10-K for the year ended December 31, 2021, within the prescribed period without incurring undue costs and administrative burden.
PART IV — OTHER INFORMATION
| (1) | Name and telephone number of person to contact in regard to this notification |
| James R. Kruse | 801 | 833-0500 | ||
| (Name) | (Area Code) | (Telephone Number) |
| (2) | Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s). |
| Yes ☒ | ☐ No |
| (3) | Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? |
| Yes ☒ | ☐ No |
| If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made. |
We had net sales of approximately $2,923,000 for the year ended December 31, 2021, compared to approximately $1,733,000 for previous year, with corresponding cost of sales of approximately $1,024,000 for the year ended December 31, 2021, compared to approximately $896,000 for the previous year, resulting in a gross profit of approximately $1,899,000 for the year ended December 31, 2021, as compared to approximately $836,000 for the previous year. Our net income for the year ended December 31, 2021, was approximately $114,000, as compared to approximately $532,000 for the previous year.
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| CirTran Corporation | ||
| (Name of Registrant as Specified in Charter) |
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
| Date: April 1, 2022 | By | /s/ Iehab J. Hawatmeh |
| Iehab J. Hawatmeh, President | ||
| Chief Executive Officer |
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