---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-22-001093"
form_type: "8-K"
ticker: "CDIX"
cik: "0000811222"
company_name: "Cardiff Lexington Corp"
filed_at: "2022-02-17T23:59:59+00:00"
generated_at: "2026-06-27T07:13:44.032878+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Cardiff Lexington non-reliance on 2020 annual and Q1 2021 financials; will restate

## Summary
- Restated periods: year ended Dec 31, 2020, and quarter ended March 31, 2021.
- Issue 1: embedded derivative liabilities in matured convertible notes valued using intrinsic value instead of full Black-Scholes.
- Issue 2: modifications to preferred stock rights not accounted for as deemed dividend.
- Company will file amendments to 2020 10-K and Q1 2021 10-Q.
- Discussed non-reliance with prior auditor Daszkal Bolton LLP and current auditor Rosenberg Rich Baker Berman PA.

## SEC filing metadata
- accession: 0001683168-22-001093
- form_type: 8-K
- ticker: CDIX
- cik: 0000811222
- company_name: Cardiff Lexington Corp
- filed_at: 2022-02-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811222/000168316822001093/0001683168-22-001093-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811222/000168316822001093/cardiff_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-22-001093
- JSON: https://secwatch.observer/filing/0001683168-22-001093.json
- Plain text: https://secwatch.observer/filing/0001683168-22-001093.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.