STOCKHOLDERS' DEFICIT

3 Months Ended

Mar. 31, 2012

Equity

Stockholders' Equity Note Disclosure [Text Block]

NOTE 9 - STOCKHOLDERS’ DEFICIT

CirTran stockholders’ deficit increased by $1,134,126 as a result of the net loss attributable to CirTran for the three months ended March 31, 2012.  Noncontrolling interest in consolidated subsidiaries increased stockholders’ deficit by $153,970 for the three months ended March 31, 2012, due to the operating losses of the noncontrolling subsidiary.

During the three months ended March 31, 2012 the Company issued 20,000,000 shares of common stock for the exercise of stock options valued at $18,000, recorded as a reduction to accounts payable due. The fair market value and the intrinsic value of the options aggregated $18,000, using the following assumptions: 1-month term, estimated volatility of 167.01% and a discount rate of 0.07%.