---
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"
generated_at: "2026-06-10T04:22:20.745001+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Cardiff Lexington enters $4.5M accounts receivable purchase agreement with DML HC Series

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-23-006977
- JSON: https://secwatch.observer/filing/0001683168-23-006977.json
- Plain text: https://secwatch.observer/filing/0001683168-23-006977.txt

## Key facts
- Debt Financings
  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.
  - Principal: initial advance of not less than $500,000 and a maximum advance amount of $4,500,000
  - Counterparty: DML HC Series, LLC Series 308
  - Maturity: two years from the date of the Agreement
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/811222/000168316823006977/0001683168-23-006977-index.htm
- Material Agreements
  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).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: DML HC Series, LLC Series 308
  - Value: initial advance of not less than $500,000 and a maximum advance amount of $4,500,000
  - Effective: 2023-09-29
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/811222/000168316823006977/0001683168-23-006977-index.htm
- Material Agreements
  Cardiff Lexington Corp entered into Guaranty and Security Agreement (effective 2023-09-29).
  - Action: entry
  - Agreement: credit facility
  - Effective: 2023-09-29
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/811222/000168316823006977/0001683168-23-006977-index.htm

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