CirTran Corporation (CIRX)

[MFlores]

paid vs accrual is totally different. I already explained that to you but you simply do not get it. Even though they do not have to pay YET, GAAP accounting says that CIRC needs to record the expense on their books and show a liability, especially if they are still "using" the trademark. Basic GAAP accounting. Do not see it anywhere. So the results are inflated. Recording revenue from sales using the royalty but not recording the expense for using the royalty. Totally different than paying cash. Cash vs accrual accounting. Very basic accounting.