10-Q/A Filing

CARDIFF LEXINGTON CORP CIK: 811222 Q3 2014

Filing Information

Form Type	10-Q/A
Accession Number	`0001019687-14-004493`
Period End Date	20140930
Filing Date	20141125
Fiscal Year	2014
Fiscal Period	Q3
XBRL Instance	cdif-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 56 Cash Flow Statement 72

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Discount on notes payable	`DebtInstrumentUnamortizedDiscount`	$113.50K	USD	Point-in-time
Discount on notes payable	`DebtInstrumentUnamortizedDiscount`	$125.00K	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	5.00M	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	101,673.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	82,777.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	82,777.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	101,673.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$12.78K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$91.05K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.85K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.68K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$954.00	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Prepaid and other (See Note 1)	`PrepaidExpenseAndOtherAssetsCurrent`	$1.66K	USD	Point-in-time
Prepaid and other (See Note 1)	`PrepaidExpenseAndOtherAssetsCurrent`	$34.39K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$126.39K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.33K	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Property and equipment	`PropertyPlantAndEquipmentNet`	$631.05K	USD	Point-in-time
Land	`Land`	$603.00K	USD	Point-in-time
Land	`Land`	-	USD	Point-in-time
Goodwill	`Goodwill`	$1.67M	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Deposits	`DepositAssets`	$600.00	USD	Point-in-time
Deposits	`DepositAssets`	$600.00	USD	Point-in-time
Total Assets	`Assets`	$3.03M	USD	Point-in-time
Total Assets	`Assets`	$6.93K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$814.26K	USD	Point-in-time
Accounts payable and accrued expenses	`AccountsPayableAndAccruedLiabilitiesCurrent`	$761.30K	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$121.44K	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$140.97K	USD	Point-in-time
Accrued payroll taxes	`AccruedPayrollTaxesCurrent`	$412.62K	USD	Point-in-time
Accrued payroll taxes	`AccruedPayrollTaxesCurrent`	$439.62K	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	-	USD	Point-in-time
Deferred revenue	`DeferredRevenueCurrent`	$11.76K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$48.78K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$97.39K	USD	Point-in-time
Due to officers and shareholders	`DueToOfficersOrStockholdersCurrent`	$49.50K	USD	Point-in-time
Due to officers and shareholders	`DueToOfficersOrStockholdersCurrent`	$408.16K	USD	Point-in-time
Note payable, unrelated party	`LongTermDebtCurrent`	$50.00K	USD	Point-in-time
Note payable, unrelated party	`LongTermDebtCurrent`	$50.00K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$174.00K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$195.75K	USD	Point-in-time
Notes payable acquired - current portion	`OtherLongTermDebtCurrent`	-	USD	Point-in-time
Notes payable acquired - current portion	`OtherLongTermDebtCurrent`	$23.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.06M	USD	Point-in-time
Notes payable acquired - long-term portion	`LongTermDebtNoncurrent`	-	USD	Point-in-time
Notes payable acquired - long-term portion	`LongTermDebtNoncurrent`	$91.22K	USD	Point-in-time
Notes payable, related-party, net of current portion and discount $113,500 and $125,000, respectively	`NotesPayableRelatedPartiesNoncurrent`	$77.17K	USD	Point-in-time
Notes payable, related-party, net of current portion and discount $113,500 and $125,000, respectively	`NotesPayableRelatedPartiesNoncurrent`	$74.92K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.82M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.23M	USD	Point-in-time
Common stock; 5,000,000 shares authorized with $0.001 par value; 101,673 and 82,777 issued and outstanding at September 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$11.32M	USD	Point-in-time
Common stock; 5,000,000 shares authorized with $0.001 par value; 101,673 and 82,777 issued and outstanding at September 30, 2014 and December 31, 2013, respectively	`CommonStockValue`	$11.28M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.70M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.70M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-26.51M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-26.13M	USD	Point-in-time
Total shareholders' equity (deficiency)	`StockholdersEquity`	$803.67K	USD	Point-in-time
Total shareholders' equity (deficiency)	`StockholdersEquity`	$-1.81M	USD	Point-in-time
Total liabilities and shareholders' equity (deficiency)	`LiabilitiesAndStockholdersEquity`	$6.93K	USD	Point-in-time
Total liabilities and shareholders' equity (deficiency)	`LiabilitiesAndStockholdersEquity`	$3.03M	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`Revenues`	-	USD	1 Quarter
REVENUE	`Revenues`	$428.29K	USD	3 Qtrs
REVENUE	`Revenues`	-	USD	3 Qtrs
REVENUE	`Revenues`	$421.45K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	-	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	$304.00K	USD	1 Quarter
COST OF SALES	`CostOfGoodsSold`	-	USD	3 Qtrs
COST OF SALES	`CostOfGoodsSold`	$314.10K	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	-	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	-	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$114.19K	USD	3 Qtrs
GROSS MARGIN	`GrossProfit`	$117.45K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$156.76K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$478.81K	USD	3 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$650.41K	USD	3 Qtrs
OPERATING EXPENSES	`OperatingExpenses`	$343.19K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-536.22K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-478.81K	USD	3 Qtrs
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-156.76K	USD	1 Quarter
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-225.74K	USD	1 Quarter
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$152.19K	USD	3 Qtrs
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$152.19K	USD	1 Quarter
Change in value of derivative liability	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Change in value of derivative liability	`UnrealizedGainLossOnDerivatives`	$656.00	USD	1 Quarter
Change in value of derivative liability	`UnrealizedGainLossOnDerivatives`	$40.64K	USD	3 Qtrs
Change in value of derivative liability	`UnrealizedGainLossOnDerivatives`	$48.61K	USD	3 Qtrs
Other	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	$1.85K	USD	1 Quarter
Other	`OtherNonoperatingIncomeExpense`	-	USD	3 Qtrs
Other	`OtherNonoperatingIncomeExpense`	$1.85K	USD	3 Qtrs
Interest expense	`InterestExpense`	$448.02K	USD	3 Qtrs
Interest expense	`InterestExpense`	$16.05K	USD	1 Quarter
Interest expense	`InterestExpense`	$47.30K	USD	3 Qtrs
Interest expense	`InterestExpense`	$77.67K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$137.99K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-407.38K	USD	3 Qtrs
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-77.01K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$155.35K	USD	3 Qtrs
NET INCOME (LOSS) FOR THE PERIOD	`NetIncomeLoss`	$-380.87K	USD	3 Qtrs
NET INCOME (LOSS) FOR THE PERIOD	`NetIncomeLoss`	$-886.19K	USD	3 Qtrs
NET INCOME (LOSS) FOR THE PERIOD	`NetIncomeLoss`	$-87.75K	USD	1 Quarter
NET INCOME (LOSS) FOR THE PERIOD	`NetIncomeLoss`	$-233.78K	USD	1 Quarter
INCOME (LOSS) PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	$-3.94	USD	3 Qtrs
INCOME (LOSS) PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	$-30.99	USD	1 Quarter
INCOME (LOSS) PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	$-0.87	USD	1 Quarter
INCOME (LOSS) PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	$-128.08	USD	3 Qtrs
INCOME (LOSS) PER COMMON SHARE - DILUTED	`EarningsPerShareDiluted`	$-3.94	USD	3 Qtrs
INCOME (LOSS) PER COMMON SHARE - DILUTED	`EarningsPerShareDiluted`	$-0.87	USD	1 Quarter
INCOME (LOSS) PER COMMON SHARE - DILUTED	`EarningsPerShareDiluted`	$-128.08	USD	3 Qtrs
INCOME (LOSS) PER COMMON SHARE - DILUTED	`EarningsPerShareDiluted`	$-30.99	USD	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES - BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	100,673.00	shares	1 Quarter
WEIGHTED AVERAGE NUMBER OF COMMON SHARES - BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	6,919.00	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES - BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	96,618.00	shares	3 Qtrs
WEIGHTED AVERAGE NUMBER OF COMMON SHARES - BASIC AND DILUTED	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7,543.00	shares	1 Quarter

Cash Flow Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-380.87K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-886.19K	USD	3 Qtrs
Net income (loss)	`NetIncomeLoss`	$-87.75K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-233.78K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$155.00	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$18.52K	USD	3 Qtrs
Amortization of loan discount	`AmortizationOfDebtDiscountPremium`	$17.25K	USD	3 Qtrs
Amortization of loan discount	`AmortizationOfDebtDiscountPremium`	$86.25K	USD	3 Qtrs
Change in value of derivative liability	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Change in value of derivative liability	`UnrealizedGainLossOnDerivatives`	$656.00	USD	1 Quarter
Change in value of derivative liability	`UnrealizedGainLossOnDerivatives`	$40.64K	USD	3 Qtrs
Change in value of derivative liability	`UnrealizedGainLossOnDerivatives`	$48.61K	USD	3 Qtrs
Issuance of warrants as loan costs	`IssuanceOfWarrantsAsLoanCosts`	-	USD	3 Qtrs
Issuance of warrants as loan costs	`IssuanceOfWarrantsAsLoanCosts`	$-213.80K	USD	3 Qtrs
Gain on settlement of accounts payable	`GainsLossesOnExtinguishmentOfDebt`	$152.19K	USD	3 Qtrs
Gain on settlement of accounts payable	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on settlement of accounts payable	`GainsLossesOnExtinguishmentOfDebt`	-	USD	3 Qtrs
Gain on settlement of accounts payable	`GainsLossesOnExtinguishmentOfDebt`	$152.19K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$928.00	USD	3 Qtrs
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	3 Qtrs
Prepaids and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	3 Qtrs
Prepaids and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$7.29K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$45.27K	USD	3 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$50.80K	USD	3 Qtrs
Accrued officers' salaries	`IncreaseDecreaseInAccruedSalaries`	$264.28K	USD	3 Qtrs
Accrued officers' salaries	`IncreaseDecreaseInAccruedSalaries`	$289.70K	USD	3 Qtrs
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$29.80K	USD	3 Qtrs
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$147.97K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	$4.42K	USD	3 Qtrs
Deferred revenue	`IncreaseDecreaseInDeferredRevenue`	-	USD	3 Qtrs
Settlement payable, shareholder	`IncreaseDecreaseInDueToRelatedParties`	$-3.25K	USD	3 Qtrs
Settlement payable, shareholder	`IncreaseDecreaseInDueToRelatedParties`	-	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-166.82K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-184.93K	USD	3 Qtrs
Investment in fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	3 Qtrs
Investment in fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$84.34K	USD	3 Qtrs
Cash acquired in acquisitions	`CashAcquiredFromAcquisition`	$1.62K	USD	3 Qtrs
Cash acquired in acquisitions	`CashAcquiredFromAcquisition`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	-	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-82.72K	USD	3 Qtrs
Advances from third parties	`ProceedsFromRepaymentsOfShortTermDebt`	-	USD	3 Qtrs
Advances from third parties	`ProceedsFromRepaymentsOfShortTermDebt`	$70.00K	USD	3 Qtrs
Proceeds of notes payable, net of repayments	`ProceedsFromRepaymentsOfNotesPayable`	-	USD	3 Qtrs
Proceeds of notes payable, net of repayments	`ProceedsFromRepaymentsOfNotesPayable`	$14.38K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$107.75K	USD	3 Qtrs
Proceeds from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	3 Qtrs
Proceeds from sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	3 Qtrs
Proceeds from sale of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$339.63K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$177.75K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$354.01K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$10.93K	USD	3 Qtrs
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$86.37K	USD	3 Qtrs
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.78K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$91.05K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.85K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.68K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$12.78K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$91.05K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.85K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.68K	USD	Point-in-time
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid for taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Series D Preferred shares issued for acquisition	`SeriesDPreferredSharesIssuedForAcquisition`	-	USD	3 Qtrs
Series D Preferred shares issued for acquisition	`SeriesDPreferredSharesIssuedForAcquisition`	$1.00M	USD	3 Qtrs
Series E Preferred shares issued for acquisition	`SeriesEPreferredSharesIssuedForAcquisition`	$603.00K	USD	3 Qtrs
Series E Preferred shares issued for acquisition	`SeriesEPreferredSharesIssuedForAcquisition`	-	USD	3 Qtrs
Series F & F-1 Preferred shares issued for acquisition	`SeriesFF1PreferredSharesIssuedForAcquisition`	$1.00M	USD	3 Qtrs
Series F & F-1 Preferred shares issued for acquisition	`SeriesFF1PreferredSharesIssuedForAcquisition`	-	USD	3 Qtrs
Common stock issued upon conversion of notes payable	`CommonStockIssuedUponConversionOfNotesPayable`	$65.87K	USD	3 Qtrs
Common stock issued upon conversion of notes payable	`CommonStockIssuedUponConversionOfNotesPayable`	$30.75K	USD	3 Qtrs

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.