{"schema_version":"secwatch.filing_event.v1","accession":"0001683168-23-006977","form_type":"8-K","ticker":"CDIX","cik":"0000811222","company_name":"Cardiff Lexington Corp","filed_at":"2023-10-05T23:59:59+00:00","discovered_at":"2026-05-14T18:03:32.064888+00:00","generated_at":"2026-06-10T04:22:20.745001+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Cardiff Lexington enters $4.5M accounts receivable purchase agreement with DML HC Series","bullets":["Initial advance of $500K, max $4.5M, to purchase pools of accounts receivable from subsidiary Nova Ortho and Spine.","Fees include a 2% closing fee on max advance, 2.25% discount fee on face amount, and 5% subordinate lien fee.","Term of two years with auto-renewal; secured by first-priority security interest on all Seller assets.","Guaranty and Security Agreement executed by Cardiff, Nova, Platinum Tax Defenders, and Edge View Properties."],"urls":{"canonical":"https://secwatch.observer/filing/0001683168-23-006977","json":"https://secwatch.observer/filing/0001683168-23-006977.json","markdown":"https://secwatch.observer/filing/0001683168-23-006977.md","text":"https://secwatch.observer/filing/0001683168-23-006977.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/811222/000168316823006977/0001683168-23-006977-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/811222/000168316823006977/cardiff_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T04:22:20.745001+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"bef1f9f2a9889284b5f7a2dbb2d1ecdf47b795f6","claim":"Cardiff Lexington Corp incurred debt of initial advance of not less than $500,000 and a maximum advance amount of $4,500,000 with DML HC Series, LLC Series 308 maturing two years from the date of the Agreement.","evidence_excerpt":"On September 29, 2023 Cardiff Lexington Corporation (the “Company”) entered into a Revolving Purchase and Security Agreement (the “Agreement”) with Nova Ortho and Spine, PLLC, a Florida professional limited liability company and the Company’s wholly-owned subsidiary (“Nova”; the Company and Nova are referred to individually as “Seller” and collectively as, “Sellers”), and DML HC Series, LLC Series 308, a Texas limited liability company (the “Purchaser”) for a facility under which Purchaser will, from time to time, buy approved pools of accounts receivables from the Seller with an initial advance of not less than $500,000 and a maximum advance amount of $4,500,000.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/811222/000168316823006977/0001683168-23-006977-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Principal","value":"initial advance of not less than $500,000 and a maximum advance amount of $4,500,000"},{"label":"Counterparty","value":"DML HC Series, LLC Series 308"},{"label":"Maturity","value":"two years from the date of the Agreement"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"ac3b0935ee5d17883413a6935dc1c63007e7071b","claim":"Cardiff Lexington Corp entered into Revolving Purchase and Security Agreement with DML HC Series, LLC Series 308 valued at initial advance of not less than $500,000 and a maximum advance amount of $4,500,000 (effective 2023-09-29).","evidence_excerpt":"On September 29, 2023 Cardiff Lexington Corporation (the “Company”) entered into a Revolving Purchase and Security Agreement (the “Agreement”) with Nova Ortho and Spine, PLLC, a Florida professional limited liability company and the Company’s wholly-owned subsidiary (“Nova”; the Company and Nova are referred to individually as “Seller” and collectively as, “Sellers”), and DML HC Series, LLC Series 308, a Texas limited liability company (the “Purchaser”) for a facility under which Purchaser will, from time to time, buy approved pools of accounts receivables from the Seller with an initial advance of not less than $500,000 and a maximum advance amount of $4,500,000.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/811222/000168316823006977/0001683168-23-006977-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"DML HC Series, LLC Series 308"},{"label":"Value","value":"initial advance of not less than $500,000 and a maximum advance amount of $4,500,000"},{"label":"Effective","value":"2023-09-29"}],"fact_type":"material_agreement"},{"claim_id":"bbc0a0744954155b53d1f25b640485404c2e0c8e","claim":"Cardiff Lexington Corp entered into Guaranty and Security Agreement (effective 2023-09-29).","evidence_excerpt":"the Company, Nova, Platinum Tax Defenders, a Nevada limited liability company and the Company’s wholly-owned subsidiary and Edge View Properties, Inc., a Idaho corporation and the Company’s wholly-owned subsidiary executed a Guaranty and Security Agreement dated September 29, 2023 (the “Guaranty Agreement”) to guaranty the payment and performance obligations of the Seller under the Agreement.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/811222/000168316823006977/0001683168-23-006977-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Effective","value":"2023-09-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}