Cardiff Lexington issues pro forma financials showing 2020 revenue up 43%, EBITDA loss narrowed 69%

Cardiff Lexington Corp

Combined 2020 revenue $7,597,814 (+43% vs 2019); EBITDA loss -$1,684,212 (improved 69% from -$5,438,867).
Balance sheet improvement: Stockholders' equity went from -$8,562,401 to -$1,219,756; net cash increased >$1M.
Management expects cash flow from operations to sustain future operations without additional convertible debt.
Series N Preferred investment includes lock-up provision and company repurchase right at 115% of issue price.
No insider stock sales in five years; all dilution from third-party debt conversions, not preferred conversions.

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