What changed in this filing

/stocks — the workspaceLOADING

Item 1. Business

2025-04-15 compared with 2024-04-19 · 25 added, 19 removed, 201 unchanged (18% of the section changed)

3 unchanged sentences

than 50 key, international markets.

early 2020, we completed phase one and two of our development of several HUSTLER®-branded products, which enabled us to generate

revenue of about $1.8 million during the year ended December 31, 2023, and about $1.7 million during the year ended December 31, 2022.

Our revenue-generating activities capitalized on our 2019 efforts to explore new product opportunities.

In late 2019, we entered a five-year

manufacturing and distribution agreement with an unrelated party to manufacture, distribute, and sell condoms, electronic tobacco products,

cigars, energy drinks, water beverages, and related merchandise, all using the HUSTLER® brand name.

to “us,” “we,” “our,” and correlative terms refer to CirTran Corporation and our three subsidiaries,

19 unchanged sentences

continue our efforts to:

product manufacturing relationships with various foreign and domestic suppliers, including:

sometimes at our cost and for our exclusive benefit, tobacco import regulatory licenses;

product logos and labeling;

regulatory approval for our HUSTLER®-brand product labeling where required;

at our cost and for our exclusive benefit, necessary FDA 510(k) approval for condom manufacturing;

and refining regular and sugar-free energy drink and water assorted flavorings and formulations;

samples, wholesale and point-of-sale displays, catalogs, and related merchandising materials;

digital and hard copy media support, website, product spokesperson content, direct television commercials, print, and miscellaneous

through our marketing and distribution relationships, distribution and delivery channels, inventory management, and related logistics;

Las Vegas facilities to house our offices, showroom, and warehouse;

a team of contract consultants and support staff to expand into full operations when our business development progresses;

data gathering, reporting, and analytical systems to support product and market development and refinement to respond to changing

develop product

manufacturing relationships with various foreign and domestic suppliers, including:

obtaining, sometimes at

our cost and for our exclusive benefit, tobacco import regulatory licenses;

designing product logos

and labeling;

obtaining regulatory approval

for our HUSTLER®-brand product labeling where required;

securing, at our cost and

for our exclusive benefit, necessary FDA 510(k) approval for condom manufacturing;

developing and refining

regular and sugar-free energy drink and water assorted flavorings and formulations;

create samples, wholesale

and point-of-sale displays, catalogs, and related merchandising materials;

develop digital and hard

copy media support, website, product spokesperson content, direct television commercials, print, and miscellaneous media;

establish, through our

marketing and distribution relationships, distribution and delivery channels, inventory management, and related logistics;

lease Las Vegas facilities

to house our offices, showroom, and warehouse;

assemble a team of contract

consultants and support staff to expand into full operations when our business development progresses;

design data gathering,

reporting, and analytical systems to support product and market development and refinement to respond to changing dynamics.

GloBrands Manufacturing and Distribution Agreement

170 unchanged sentences

sales permits are the responsibility of the local distributors, which are required to obtain all local licenses and permits.

of December 31, 2023, we had four full-time employees, including our officers and directors, and tweny-three part-time contract workers.

of December 31, 2024, we had four full-time employees, including our officers and directors, and twenty-three part-time contract workers.

We now rely on part-time and contract workers, independent contractors, and consultants to meet our needs while minimizing fixed overhead.

3 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 1. Business