Cardiff Lexington Corporation announces non-reliance on prior financials due to cash flow classification errors

Cardiff Lexington Corp

Audit Committee concluded that financials from Q1 2024 to Q1 2025 should no longer be relied upon.
Errors involved misclassification of non-cash interest expense within financing rather than operating activities.
Errors were presentation-only with no impact on cash, operations, earnings per share, or debt covenant compliance.
Company will file amendments (10-Q/As and 10-K/A) to correct the presentation errors in cash flow statements.
Audit Committee discussed matters with current auditor GBQ Partners and former independent auditor.

item 4.02

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