secwatch.observer — SEC 8-K summary
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Issuer:     Cardiff Lexington Corp (CDIX)
CIK:        0000811222
Form:       8-K
Filed at:   2025-08-14T23:59:59+00:00
Accession:  0001683168-25-006130
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 4.02
LLM model:  deepseek-v4-flash:cloud

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/811222/000168316825006130/0001683168-25-006130-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/811222/000168316825006130/cardiff_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-006130

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