---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-24-007190"
form_type: "8-K"
ticker: "CDIX"
cik: "0000811222"
company_name: "Cardiff Lexington Corp"
filed_at: "2024-10-17T23:59:59+00:00"
generated_at: "2026-05-30T13:30:37.483830+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Cardiff Lexington restates Q1 and Q2 2024 financials due to credit loss classification errors

## Summary
- Board determined Q1 & Q2 2024 financial statements and prior-year comparatives should no longer be relied upon.
- Credit loss expense of $339,834 for Q1 2024 will be reclassified to net revenue as variable consideration.
- For six months ended June 30, 2024, $1,199,155 credit loss expense reclassified; allowance adjustment of $122,190 reversed.
- Company will file amended 10-Qs to restate the affected periods.
- Former auditor Grassi & Co. discussed the material errors with the Audit Committee.

## SEC filing metadata
- accession: 0001683168-24-007190
- form_type: 8-K
- ticker: CDIX
- cik: 0000811222
- company_name: Cardiff Lexington Corp
- filed_at: 2024-10-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/811222/000168316824007190/0001683168-24-007190-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/811222/000168316824007190/cardiff_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-24-007190
- JSON: https://secwatch.observer/filing/0001683168-24-007190.json
- Plain text: https://secwatch.observer/filing/0001683168-24-007190.txt

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