secwatch.observer — SEC 8-K summary
======================================

Issuer:     Cardiff Lexington Corp (CDIX)
CIK:        0000811222
Form:       8-K
Filed at:   2021-07-27T23:59:59+00:00
Accession:  0001683168-21-003115
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811222/000168316821003115/0001683168-21-003115-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811222/000168316821003115/cardifflex_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-21-003115

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer