Cardiff Lexington Corporation (PK) (CDIX) Quote

Daily addition update!!
Outstanding Shares
12,221,713
04/18/2024
Restricted
2,081,482
04/18/2024
Unrestricted
10,140,231
04/18/2024

Effective April 24, looks like
On April 4, 2024, our board of directors and the Majority Stockholders approved the Charter Amendment, the form of which is attached to this Information Statement as Appendix A.

Under the Current Charter, we are authorized to issue 7,500,000,000 shares of common stock and 1,000,000,000 shares of preferred stock. Following our recent 1-for-75,000 reverse stock split, we no longer require such a large number of authorized but unissued shares. Accordingly, our board of directors and the Majority Stockholders determined that it would be in the best interests of our company and its stockholders to reduce our authorized stock. The Charter Amendment amends the Current Charter to reduce our authorized common stock to 300,000,000 shares and our authorized preferred stock to 50,000,000 shares.

The Charter Amendment will become effective upon filing with the Nevada Secretary of State’s Office, which will occur promptly following the 20th day after this Information Statement is first mailed to our stockholders.

More added!!!

Outstanding Shares
12,161,713
04/17/2024
Restricted
2,081,482
04/17/2024
Unrestricted
10,080,231
04/17/2024

New convertibles added again
Outstanding Shares
11,647,495
04/13/2024
Restricted
2,081,482
04/13/2024
Unrestricted
9,566,013
04/13/2024

13k + converted today

Outstanding Shares
11,542,995
04/08/2024
Restricted
2,081,482
04/08/2024
Unrestricted
9,461,513
04/08/2024

Of course there are , they have billions ready to continue the dump

More shares converted…

Outstanding Shares
11,529,245
04/06/2024
Restricted
2,081,482
04/06/2024
Unrestricted
9,447,763
04/06/2024

Healthcare holding company Cardiff Lexington sets terms for $8 million NYSE American uplisting

April 5, 2024
CDIX
Cardiff Lexington, which is holding company focused on acquiring business primarily in the healthcare sector, announced terms for its IPO on Friday. The company is currently listed on the OTC under the symbol "CDIX." It originally filed in July 2023 but was ineligible for tracking.

The Las Vegas, NV-based company plans to raise $8 million by offering 1.6 million shares at a price range of $4 to $6. At the midpoint of the proposed range, Cardiff Lexington would command a market value of $204 million.

Cardiff Lexington is a holding company focused on acquiring what it believes are undervalued and undercapitalized companies, primarily in the healthcare industry. The company intends to build a portfolio that consists of approximately 80% established profitable niche small to mid-sized healthcare companies, and 20% second stage startups in healthcare. In May 2021, Cardiff acquired Nova Ortho and Spine, which operates a group of regional primary specialty and ancillary care facilities throughout Florida that provide traumatic injury victims with primary care evaluations, interventional pain management, and specialty consultation services. The company also owns a real estate company, Edge View Properties.

Cardiff Lexington was founded in 1986 and booked $12 million in revenue for the 12 months ended December 31, 2023. It plans to list on the NYSE American under the symbol CDIX. Craft Capital Management and R.F. Lafferty & Co. are the joint bookrunners on the deal.

Ugly 130% spread…99% insider owned?
After a 75000-1 reverse split wow

Something going higher

Market Cap Market Cap. Now
70,776,843
04/04/2024

New Share update

Outstanding Shares
10,888,745
04/04/2024
Restricted
2,081,482
04/04/2024
Unrestricted
8,807,263
04/04/2024

Won't be this low for long

Outstanding Shares
10,748,245
04/01/2024
Restricted
2,081,482
04/01/2024
Unrestricted
8,666,763
04/01/2024

Can’t get rid of this garbage stock now

Haha Market Cap $68,657,843 03/28/2024

Literally none of that matters to the person buying shares on the open market , check the SEC form 4's , Convertable preferred shares , they will be selling Convertable Debt again, and an AS of 7,500,000,000

Anyone who buys shares of this will lose everything , as has happened after the previous reverse splits

The only ones making money here are the insiders

Cardiff Lexington Announces Fourth Quarter and Full Year 2023 Financial Results

- Full Year 2023 Highlighted by Strong Revenue Growth and Profitability -

FT. LAUDERDALE, FL / ACCESSWIRE / March 28, 2024 / Cardiff Lexington Corporation (OTC PINK:CDIX) announced today financial results for its fourth quarter and year ended December 31, 2023.

Fourth Quarter 2023 Financial Highlights

4Q23 revenue of $2.4 million was consistent with revenue of $2.5 million in 4Q22
59% gross profit margin in 4Q23 increased from 58% in 4Q22
Operating income was $415,000, or 17% of sales, which compares to $677,000, or 27% of sales in 4Q22
Net income increased 107% to $0.2 million from a loss of $3.5 million in 4Q22

Full Year 2023 Financial Highlights

11% growth in revenue to $11.9 million compared to $10.7 million in FY22
70% gross profit margin in FY23 increased from 62% in FY22
Operating income increased 33% to $5.2 million, or 44% of sales, which compares to $3.9 million, or 37% of sales in FY22
Net income increased 156% to $3.0 million from a loss of $5.4 million in FY22
53% increase in FY23 EBITDA to $5.2 million compared to FY22

Balance Sheet Highlights at December 31, 2023

55% increase in total assets to $20.7 million compared to $13.3 million at December 31, 2022
142% increase in shareholders' equity to $0.7 million compared to a negative shareholders' equity of $1.7 million at December 31, 2022

Positive working capital compared to a negative working capital at December 31, 2022
https://www.accesswire.com/imagelibrary/622d2eb6-7c29-477b-b31c-53e105560099/847127/image.png

Alex Cunningham, Chief Executive Officer of Cardiff Lexington, commented, "2023 was a very strong year for our business highlighted by strong revenue growth of 11% and significantly improved profitability with 26% net income. Operating income increased 33% to $5.2 million in 2023. At the center of this growth is Nova Ortho and Spine, our healthcare subsidiary that provides orthopedic healthcare services to the uninsured patient population. With a unique, asset-light business model we drove significant economic returns and a collection rate of 99.8% - far outpacing the industry average. Nova Ortho and Spine is ideally positioned to benefit from unprecedented demand growth in this market fueled by an aging patient population and rising number of personal injury accidents.

Mr. Cunningham continued, "To capitalize on this opportunity, we're intently focused on building a strong management team and strategically expanding our footprint of Nova Ortho and Spine locations with a near term goal of targeting key population centers throughout Florida and the broader southeast United States. To that end, we've enhanced our executive team with the hiring of a new Chief Financial Officer and Chief Accounting Officer whose backgrounds and skills are closely aligned with our business goals. We've also appointed a new Managing Director of Nova Ortho and Spine with an extensive medical and business background to help facilitate our growth. To date, we've opened a total of eleven Nova Ortho and Spine locations, including our tenth location in Florida in Port St. Lucie, and our first location outside of Florida in Valdosta, Georgia. The opening of the Valdosta location marks a key inflection point in our growth strategy, and we're energized by the demand and opportunity that we're seeing in the market for our services as we expand into the broader southeast United States, with the long-term goal of eventually expanding nationwide.

"Subsequent to the close of the quarter, we implemented a reverse stock split as part of our strategy to meet listing requirements and qualify for an uplisting to a major U.S. exchange during the second quarter of 2024. Uplisting to a major U.S. exchange would allow us to increase access to dedicated funding and reduce the cost of capital to support our growth strategy. To that end, preferred shareholders are currently converting their preferred shares to common stock to increase the number of total outstanding shares and the market value of the public float.

"In 2023, we demonstrated our ability to provide best-in-class care for an underserved population of the orthopedic market and create attractive economic returns for shareholders. We look forward to efficiently expanding our operations and bringing our services and solutions to more patients as we continue to execute on our growth strategy and drive increased value in 2024 and beyond."

-----

About Cardiff Lexington Corporation:

Cardiff Lexington Corporation is a holding company focused on locating, acquiring, and building middle market, niche companies, primarily in the healthcare industry. Fundamental to the Cardiff Lexington strategy is the service-based partnership culture which emphasizes core values, teamwork, accountability, and performance.

A substantial majority of the Company's revenue is derived from Nova Ortho and Spine, PLLC, which operates a group of regional primary specialty and ancillary care facilities throughout Florida that provide traumatic injury victims with a full range of diagnostic and surgical services, primary care evaluations, interventional pain management, and specialty consultation services.

For more information on Cardiff Lexington Corporation, you may access the company's website at https://cardifflexington.com/

FORWARD LOOKING STATEMENT: This news release contains forward looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. These risks include the failure to meet schedule or performance requirements of the Company's business, the Company's liquidity position, the Company's ability to obtain new business, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties the forward-looking events referred to in this release might not occur.

Cardiff Lexington Investor Relations
investorsrelations@cardifflexington.com
(800) 628-2100 ext. 705

or

IMS Investor Relations
cardifflexington@imsinvestorrelations.com
(203) 972-9200

CARDIFF LEXINGTON CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE THREE AND TWELVE MONTHS ENDED DECEMBER 31, 2023 AND 2022
(UNAUDITED)
For the Three Months Ended For the Years Ended
December 31, December 31,
2023 2022 2023 2022
Total revenue
$ 2,376,502 $ 2,538,262 $ 11,853,266 $ 10,693,196
Total cost of sales
971,217 1,077,616 3,560,624 4,060,034
Gross profit
1,405,285 1,460,646 8,292,642 6,633,162
Operating expenses

Depreciation expense
9,412 5,783 20,777 23,132
Selling, general and administrative
981,209 777,757 3,076,820 2,703,141
Total operating expenses
990,621 783,540 3,097,597 2,726,273
Income from continuing operations
414,664 677,106 5,195,045 3,906,889
Other income (expense)

Other income (expense)
(50,000 ) 150,250 (49,795 ) 150,250
Gain on debt refinance and forgiveness
115,058 - 115,448 1,397,271
Penalties and fees
(5,000 ) (2,063,916 ) (53,000 ) (2,063,916 )
Interest expense
(192,567 ) 296,885 (1,956,266 ) (6,387,309 )
Amortization of debt discounts
(41,854 ) (4,703 ) (136,518 ) (253,823 )
Total other income expense
(174,363 ) (1,621,484 ) (2,080,131 ) (7,157,527 )
Net income (loss) before discontinued operations
240,301 (944,378 ) 3,114,914 (3,250,638 )
Loss from discontinued operations
- (2,267,736 ) - (2,178,883 )
Income (Loss) from disposal of discontinued operations
6,485 (328,353 ) (86,520 ) -
Net income (loss)
$ 246,786 $ (3,540,467 ) $ 3,028,394 $ (5,429,521 )

CARDIFF LEXINGTON CORPORATION AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
AS OF DECEMBER 31, 2023 AND DECEMBER 31, 2022
(UNAUDITED)
December 31,
2023 2022
(Restated)
ASSETS

Current assets

Cash
$ 866,943 $ 219,085
Accounts receivable-net
13,305,254 6,603,920
Prepaid and other current assets
5,000 5,000
Total current assets
14,177,197 6,828,005

Property and equipment, net
34,661 55,439
Land
540,000 540,000
Goodwill
5,666,608 5,666,608
Right of use - assets
289,062 218,926
Due from related party
4,979 4,979
Other assets
33,304 30,823
Total assets
$ 20,745,811 $ 13,344,780

LIABILITIES, MEZZANINE EQUITY AND DEFICIENCY IN STOCKHOLDERS' EQUITY

Current liabilities

Accounts payable and accrued expense
$ 2,047,131 $ 1,915,920
Accrued expenses - related parties
4,733,057 3,750,557
Accrued interest
620,963 350,267
Right of use - liability
157,669 142,307
Due to director and officer
120,997 123,192
Notes payable
2,136,077 15,809
Convertible notes payable, net of debt discounts of $24,820 and $46,797, respectively
3,807,030 3,515,752
Net liabilities of discontinued operations
237,643 151,123
Total current liabilities
13,860,567 9,964,927

Other liabilities

Notes payable
144,666 139,789
Operating lease liability - long term
119,056 84,871
Total liabilities
14,124,289 10,189,587

Mezzanine equity

Redeemable Series N Senior Convertible Preferred Stock - 3,000,000 shares authorized, $0.001 par value, stated value $4.00, 868,056 shares issued and outstanding at December 31, 2023 and 2022
3,891,439 3,125,002
Redeemable Series R Senior Convertible Preferred Stock - 5,000 shares authorized, $0.001 par value, stated value of $1,200, 165 shares issued and outstanding at December 31, 2023 and 2022
307,980 274,982
Redeemable Series X Senior Convertible Preferred Stock - 5,000,000 shares authorized, $0.001 par value, stated value of $4.00 par value; 375,000 shares issued and outstanding at December 31, 2023 and 2022
1,690,685 1,500,000
Total Mezzanine Equity
5,890,104 4,899,984

Stockholders' equity (deficit)

Series B Preferred Stock - 3,000,000 shares authorized, $0.001 par value, stated value of $4.00, 2,139,478 and 2,131,328 shares issued and outstanding at December 31, 2023 and 2022, respectively
8,537,912 8,525,312
Series C Preferred Stock - 500 shares authorized, $0.001 par value, stated value of $4.00, 123 shares issued and outstanding at December 31, 2023 and 2022
488 488
Series E Preferred Stock - 1,000,000 shares authorized, $0.001 par value, stated value $4.00, 155,750 and 150,750 shares issued and outstanding at December 31, 2023 and 2022, respectively
623,000 603,000
Series F-1 Preferred Stock - 50,000 shares authorized, $0.001 par value, stated value $4.00, 35,752 shares issued and outstanding at December 31, 2023 and 2022
143,008 143,008
Series I Preferred Stock - 15,000,000 shares authorized, $0.001 par value, stated value $4.00, 14,885,000 issued and outstanding at December 31, 2023 and 2022
59,540,000 59,540,000
Series J Preferred Stock - 2,000,000 shares authorized, $0.001 par value, stated value $4.00, 1,713,584 shares issued and outstanding at December 31, 2023 and 2022
6,854,336 6,854,336
Series L Preferred Stock - 400,000 shares authorized, $0.001 par value, stated value $4.00, 319,493 shares issued and outstanding at December 31, 2023 and 2022
1,277,972 1,277,972
Common Stock; 7,500,000,000 shares authorized, $0.001 par value; 24,065 and 10,997 shares issued and outstanding at December 31, 2023 and 2022, respectively
1,804,799 824,793
Additional paid-in capital
(9,365,982 ) (8,581,265 )
Accumulated deficit
(68,684,115 ) (70,932,435 )
Total stockholders' equity
731,418 (1,744,791 )
Total liabilities, mezzanine equity and stockholders' equity
$ 20,745,811 $ 13,344,780

CARDIFF LEXINGTON CORPORATION AND SUBSIDIARIES
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES FOR THE THREE AND TWELVE MONTHS ENDED DECEMBER 31, 2023 AND 2022
(UNAUDITED)

The following table reconciles Net income (loss) before discontinued operations (a GAAP measure) to EBITDA (a non-GAAP measure)
For the Three Months Ended For the Years Ended
December 31, December 31,
2023 2022 2023 2022
EBITDA (1)

Net income (loss) before discontinued operations
$ 240,301 $ (944,378 ) $ 3,114,914 $ (3,250,638 )
Add:

Interest
192,567 (296,885 ) 1,956,266 6,387,309
Taxes
0 0 0 0
Depreciation
9,412 5,783 20,777 23,132
Amortization
41,854 4,703 136,518 253,823

EBITDA (1)
$ 484,134 $ (1,230,777 ) $ 5,228,475 $ 3,413,626

(1) EBITDA is a non-GAAP measure defined as Earnings Before Interest, Income Tax, Depreciation and Amortization.

SOURCE: Cardiff Lexington Corporation


View the original press release on accesswire.com

© Copyright 2024 ACCESSWIRE. All Rights Reserved.
https://www.otcmarkets.com/stock/CDIX/news/story?e&id=2809406

OS now over 10 million , with over 7 Billion in the AS left to dump on unsuspecting traders

7.5 billion authorized shares , the CDIX special , RS and Dilute

200k more added
Outstanding Shares
8,664,495
03/20/2024
Restricted
2,051,482
03/20/2024
Unrestricted
6,613,013
03/20/2024

At least something going up
Outstanding Shares
8,454,495
03/19/2024
Restricted
2,051,482
03/19/2024
Unrestricted
6,403,013
03/19/2024

Horseshit that's a lot higher at the moment.

Outstanding Shares —->more added
8,353,995
03/13/2024
Restricted
2,051,482
03/13/2024
Unrestricted
6,302,513
03/13/2024

Wowza millions added

Outstanding Shares
8,302,995
03/11/2024
Restricted
2,051,482
03/11/2024
Unrestricted
6,251,513
03/11/2024

This company is total horseshit

🚨 $CDIX

💰1.5500
Pink Current, AS: 7.5B, OS: 5.9M, US: 3.8M

Update Delay: 72 hours

Outstanding Shares Updated:
🔴 4,827,045 (2024-03-04)
🟢 5,866,695 (2024-03-05)
Difference: +21.5% (+1.0M)

Restricted Shares Updated:
🔴 2,044,622 (2024-03-04)
🟢 2,052,122 (2024-03-05)
Difference: +0.4% (+7.5K)

Unrestricted Shares Updated:
🔴 2,782,423 (2024-03-04)
🟢 3,814,573 (2024-03-05)
Difference: +37.1% (+1.0M)

Chart, OTC Profile, Twitter, @otcupdates

I had 300k and been reversed into 1 share..
The company has a lot going for it..but the ton of preferred series exempt from anti dilution are a death spiral..not recommended

Are you still in? What are the odds that you make money from here?

300,000 more added since yesterday

Outstanding Shares
4,827,045
03/04/2024
Restricted
2,044,622
03/04/2024
Unrestricted
2,782,423
03/04/2024

Shocker. Preferred shareholders cashing in soon. Plus management has to get their monthly payment.

More print pressing…

Outstanding Shares
4,528,545
03/03/2024
Restricted
2,044,622
03/03/2024
Unrestricted
2,483,923
03/03/2024

Wowza…print press working overtime
Outstanding Shares
3,726,545
02/27/2024
Restricted
2,044,622
02/27/2024
Unrestricted
1,681,923
02/27/2024

$CDIX RS history

01/09/2024 Reverse 1:75000
05/12/2020 Reverse 1:10000
03/25/2019 Reverse 1:1500
09/12/2014 Reverse 1:25000

1x25000 = 25,000
25,000 x 1500 = 37,500,000
37,500,000 x 10000 = 3.7. Billion
3.7 billion x 75000 = 277.5 Billion

So effectively all RS’s combined are equivalent to an RS of 1:277,500,000,000

clowns 🤡 running this company

I’m left with 3 shares lol should I sell them just so I don’t have to look at them? Lol

Why would anyone be interested? The people who run this company are terrible at their jobs at best and thieves at worst.

Nobody seems interested in this stock

jeffery domma is here again

jeff domma here as well

Represents 2,000,000 more shares of common stock reserved for issuance pursuant to future awards under the Plan.

Another 60k added

Tick tick tick

Unrestricted
446,673
02/06/2024

Also D removed from CDIX

S-8 filed https://www.otcmarkets.com/filing/html?id=17241962&guid=Kmd-knf_5YzG-hh

Prospectus for another 2 million registered

Another 30k added like clockwork

Unrestricted
382,673
02/05/2024

Essentially if you bought 350 billion + shares you would have 1 share today

01/09/2024 Reverse 1:75000
05/12/2020 Reverse 1:10000
03/25/2019 Reverse 1:1500
09/12/2014 Reverse 1:25000

1x25000 = 25,000
25,000 x 1500 = 37,500,000
37,500,000 x 10000 = 3.7. Billion
3.7 billion x 75000 = calculator doesn’t go that high!!

Unreal numbers

4 massive splits. Wow. Why does FINRA even allow this to happen. They will start issuing again.

🚨 CDIXD

💰 3,0
📈Outstanding Shares Updated:
🔴Old: 2.381.441 (2024-02-01)
🟢New: 2.410.272 (2024-02-03)
Difference: +1.2107% (+28.831)

Graph: stock-scan.io/OSASGraph/CDIXD
AS: 7.500.000.000

Updated: 2024-02-03 16:45:29
Find more on https://www.stock-scan.io
Details: CDIXD | Historical Data | Twitter Search

Times that by 75000 …however they were exempt from anti-dilution from reverse.
Interesting 4$ is the magic number and here we are.

Flood gates about to open!

Unrestricted
351,736
01/28/2024

Right. Can’t sell until next Tues? Shorts will literally move in and kill it. I’ll just take what’s left when we can sell.

It is tradeable under CDIXD $3 bid/$15ask. Yes sad situ. What keeps me hopeful was the insiders that had enough shares to absorb the massive split. I believe its back to CDIX Tues to Wednesday next week

When is this tradable again? Terrible situation