CirTran Corporation (CIRX)

[MFlores]

"... no royalties shall be paid ..." Paid and accrued are two different matters. Judge Pantle said nothing about royalties not being accrued. The Cirtran Royalties due to Playboy need to be accrued on its balance sheet if Cirtran is going to recognize the revenues on its income statement. Basic accounting.

... unless the contract was never in force, in which case Cirtran has no business selling the product with the Rabbit head trademark....