CirTran Corporation (CIRX)

[MFlores]

Cirtran changed auditors in 2012. Then, royalty expense decreased from $2,142,765 in 2011 to only $614,721 in 2012, while Net Sales increased $1.2 million in 2012 over 2011 sales. Co-incidence? Seems like increased sales would create more royalty expense, not less. Wonder what the reported royalty expense will be for 2013? Doubt PB agreed to new arrangements. Cirtran's numbers are suspect.