10-K Filing

CARDIFF LEXINGTON CORP CIK: 811222 FY 2014

Filing Information

Form Type	10-K
Accession Number	`0001019687-16-007031`
Period End Date	20141231
Filing Date	20160728
Fiscal Year	2014
Fiscal Period	FY
XBRL Instance	cdif-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 36 Cash Flow Statement 66 Stockholders Equity 17

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$279.67K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	-	USD	Point-in-time
Discount on notes payable	`DebtInstrumentUnamortizedDiscount`	-	USD	Point-in-time
Discount on notes payable	`DebtInstrumentUnamortizedDiscount`	$50.08K	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`	83,586.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	4.93M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	83,586.00	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.93M	shares	Point-in-time
Cash	`Cash`	$46.31K	USD	Point-in-time
Cash	`Cash`	$4.68K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$3.78K	USD	Point-in-time
Prepaid and other	`PrepaidExpenseAndOtherAssetsCurrent`	$25.32K	USD	Point-in-time
Prepaid and other	`PrepaidExpenseAndOtherAssetsCurrent`	$1.66K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$75.42K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.33K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $279,673 and $0, respectively	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $279,673 and $0, respectively	`PropertyPlantAndEquipmentNet`	$534.21K	USD	Point-in-time
Land	`Land`	$603.00K	USD	Point-in-time
Land	`Land`	-	USD	Point-in-time
Deposits	`DepositAssets`	$9.72K	USD	Point-in-time
Deposits	`DepositAssets`	$600.00	USD	Point-in-time
Due from related party	`DueFromRelatedPartiesNoncurrent`	$28.50K	USD	Point-in-time
Due from related party	`DueFromRelatedPartiesNoncurrent`	-	USD	Point-in-time
Total Assets	`Assets`	$1.25M	USD	Point-in-time
Total Assets	`Assets`	$6.93K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$75.15K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$176.33K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$814.26K	USD	Point-in-time
Accrued expenses - related parties	`AccountsPayableRelatedPartiesCurrent`	-	USD	Point-in-time
Accrued expenses - related parties	`AccountsPayableRelatedPartiesCurrent`	$450.00K	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$161.70K	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$121.44K	USD	Point-in-time
Accrued payroll taxes	`AccruedPayrollTaxesCurrent`	$38.40K	USD	Point-in-time
Accrued payroll taxes	`AccruedPayrollTaxesCurrent`	$412.62K	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Derivative liability	`DerivativeLiabilitiesCurrent`	$97.39K	USD	Point-in-time
Due to officers and shareholders	`DueToOfficersOrStockholdersCurrent`	$106.94K	USD	Point-in-time
Due to officers and shareholders	`DueToOfficersOrStockholdersCurrent`	$49.50K	USD	Point-in-time
Note payable, unrelated party	`LongTermDebtCurrent`	$129.03K	USD	Point-in-time
Note payable, unrelated party	`LongTermDebtCurrent`	$50.00K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$9.00K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$30.75K	USD	Point-in-time
Convertible notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$165.00K	USD	Point-in-time
Convertible notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$165.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.74M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.31M	USD	Point-in-time
Notes payable, related party, net of current portion and discount of $0 and $50,075, respectively	`NotesPayableRelatedPartiesNoncurrent`	$74.92K	USD	Point-in-time
Notes payable, related party, net of current portion and discount of $0 and $50,075, respectively	`NotesPayableRelatedPartiesNoncurrent`	$100.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$1.41M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.82M	USD	Point-in-time
Common stock; 5,000,000 shares authorized with $0.001 par value; 4,928,682 and 83,586 issued and outstanding at December 31, 2014 and 2013, respectively	`CommonStockValue`	$4.93K	USD	Point-in-time
Common stock; 5,000,000 shares authorized with $0.001 par value; 4,928,682 and 83,586 issued and outstanding at December 31, 2014 and 2013, respectively	`CommonStockValue`	$84.00	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$24.32M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$39.09M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-26.13M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-39.26M	USD	Point-in-time
Total shareholders' equity (deficiency)	`StockholdersEquity`	$-4.81M	USD	Point-in-time
Total shareholders' equity (deficiency)	`StockholdersEquity`	$-158.70K	USD	Point-in-time
Total shareholders' equity (deficiency)	`StockholdersEquity`	$-1.81M	USD	Point-in-time
Total liabilities and shareholders' equity (deficiency)	`LiabilitiesAndStockholdersEquity`	$1.25M	USD	Point-in-time
Total liabilities and shareholders' equity (deficiency)	`LiabilitiesAndStockholdersEquity`	$6.93K	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Rental income	`OperatingLeasesIncomeStatementContingentRevenue`	$56.87K	USD	Annual
Rental income	`OperatingLeasesIncomeStatementContingentRevenue`	-	USD	Annual
Sales of pizza	`FoodAndBeverageRevenue`	$833.53K	USD	Annual
Sales of pizza	`FoodAndBeverageRevenue`	-	USD	Annual
Total revenue	`Revenues`	$890.40K	USD	Annual
Total revenue	`Revenues`	-	USD	Annual
Rental business	`CostOfPropertyRepairsAndMaintenance`	-	USD	Annual
Rental business	`CostOfPropertyRepairsAndMaintenance`	$35.53K	USD	Annual
Pizza restaurants	`CostOfRevenue`	$618.34K	USD	Annual
Pizza restaurants	`CostOfRevenue`	-	USD	Annual
Total cost of sales	`CostOfGoodsAndServicesSold`	-	USD	Annual
Total cost of sales	`CostOfGoodsAndServicesSold`	$653.87K	USD	Annual
GROSS MARGIN	`GrossProfit`	-	USD	Annual
GROSS MARGIN	`GrossProfit`	$236.53K	USD	Annual
OPERATING EXPENSES	`OperatingExpenses`	$12.69M	USD	Annual
OPERATING EXPENSES	`OperatingExpenses`	$11.04M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-12.45M	USD	Annual
LOSS FROM OPERATIONS	`OperatingIncomeLoss`	$-11.04M	USD	Annual
Impairment loss on goodwill	`GoodwillImpairmentLoss`	$1.41M	USD	Annual
Impairment loss on goodwill	`GoodwillImpairmentLoss`	-	USD	Annual
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$520.56K	USD	Annual
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$822.08K	USD	Annual
Change in value of derivative liability	`UnrealizedGainLossOnDerivatives`	$-35.59K	USD	Annual
Change in value of derivative liability	`UnrealizedGainLossOnDerivatives`	$41.95K	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	$3.03K	USD	Annual
Other	`OtherNonoperatingIncomeExpense`	-	USD	Annual
Interest expense	`InterestExpense`	$61.11K	USD	Annual
Interest expense	`InterestExpense`	$505.59K	USD	Annual
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$56.92K	USD	Annual
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$-678.92K	USD	Annual
NET INCOME (LOSS) FOR THE PERIOD	`NetIncomeLoss`	$-10.98M	USD	Annual
NET INCOME (LOSS) FOR THE PERIOD	`NetIncomeLoss`	$-13.13M	USD	Annual
INCOME (LOSS) PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	$-11.39	USD	Annual
INCOME (LOSS) PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	$-582.78	USD	Annual
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	18,845.00	shares	Annual
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.15M	shares	Annual

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-10.98M	USD	Annual
Net income (loss)	`NetIncomeLoss`	$-13.13M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$155.00	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$39.99K	USD	Annual
Amortization of loan discount	`AmortizationOfDebtDiscountPremium`	-	USD	Annual
Amortization of loan discount	`AmortizationOfDebtDiscountPremium`	$200.50K	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$2.47M	USD	Annual
Stock-based compensation	`ShareBasedCompensation`	$11.71M	USD	Annual
Compensation expense for shareholders of record	`CompensationExpenseForShareholdersOfRecord`	-	USD	Annual
Compensation expense for shareholders of record	`CompensationExpenseForShareholdersOfRecord`	$8.13M	USD	Annual
Change in value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$101.64K	USD	Annual
Change in value of derivative liability	`DerivativeGainLossOnDerivativeNet`	$-35.59K	USD	Annual
Issuance of warrants as loan costs	`IssuanceOfWarrantsAsLoanCosts`	-	USD	Annual
Issuance of warrants as loan costs	`IssuanceOfWarrantsAsLoanCosts`	$-213.80K	USD	Annual
Impairment loss on goodwill	`GoodwillImpairmentLoss`	$1.41M	USD	Annual
Impairment loss on goodwill	`GoodwillImpairmentLoss`	-	USD	Annual
Gain on settlement of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	$822.08K	USD	Annual
Gain on settlement of debt	`ExtinguishmentOfDebtGainLossNetOfTax`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$3.78K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	Annual
Deposits	`IncreaseDecreaseInDepositOtherAssets`	$9.12K	USD	Annual
Deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	Annual
Prepaids and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	Annual
Prepaids and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$23.67K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$73.15K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$67.90K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-58.04K	USD	Annual
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$46.44K	USD	Annual
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$-177.37K	USD	Annual
Accrued payroll taxes	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$36.60K	USD	Annual
Accrued payroll taxes	`IncreaseDecreaseInEmployeeRelatedLiabilities`	-	USD	Annual
Accrued officers' salaries	`IncreaseDecreaseInAccruedSalaries`	$-24.53K	USD	Annual
Accrued officers' salaries	`IncreaseDecreaseInAccruedSalaries`	-	USD	Annual
Settlement payable, shareholder	`IncreaseDecreaseInDueToRelatedParties`	-	USD	Annual
Settlement payable, shareholder	`IncreaseDecreaseInDueToRelatedParties`	$-3.25K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-204.93K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-696.73K	USD	Annual
Due from/to related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	Annual
Due from/to related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$28.94K	USD	Annual
Proceeds from sales of stock	`ProceedsFromIssuanceOrSaleOfEquity`	$596.31K	USD	Annual
Proceeds from sales of stock	`ProceedsFromIssuanceOrSaleOfEquity`	$207.75K	USD	Annual
Proceeds from notes payable - related party	`ProceedsFromRelatedPartyDebt`	$25.07K	USD	Annual
Proceeds from notes payable - related party	`ProceedsFromRelatedPartyDebt`	-	USD	Annual
Proceeds of notes payable	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds of notes payable	`ProceedsFromNotesPayable`	$79.03K	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	$9.00K	USD	Annual
Proceeds from convertible notes payable	`ProceedsFromConvertibleDebt`	-	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$738.36K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$207.75K	USD	Annual
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.82K	USD	Annual
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$41.63K	USD	Annual
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$1.85K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$46.31K	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`	$1.85K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$46.31K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.68K	USD	Point-in-time
Series D Preferred shares issued for acquisition	`SeriesDPreferredSharesIssuedForAcquisition`	-	USD	Annual
Series D Preferred shares issued for acquisition	`SeriesDPreferredSharesIssuedForAcquisition`	$1.00M	USD	Annual
Series E Preferred shares issued for acquisition	`SeriesEPreferredSharesIssuedForAcquisition`	$603.00K	USD	Annual
Series E Preferred shares issued for acquisition	`SeriesEPreferredSharesIssuedForAcquisition`	-	USD	Annual
Series F and F-1 Preferred shares issued for acquisition	`SeriesFF1PreferredSharesIssuedForAcquisition`	$700.17K	USD	Annual
Series F and F-1 Preferred shares issued for acquisition	`SeriesFF1PreferredSharesIssuedForAcquisition`	-	USD	Annual
Common stock issued upon conversion of notes payable	`CommonStockIssuedUponConversionOfNotesPayable`	$36.93K	USD	Annual
Common stock issued upon conversion of notes payable	`CommonStockIssuedUponConversionOfNotesPayable`	$65.87K	USD	Annual

Stockholders Equity 17 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-4.81M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-158.70K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.81M	USD	Point-in-time
Common stock issued for debt conversion, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$70.19K	USD	Annual
Common stock issued for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$10.18M	USD	Annual
Preferred shares issued for cash, value	`StockIssuedDuringPeriodValueNewIssues`	$207.75K	USD	Annual
Preferred shares issued for cash, value	`StockIssuedDuringPeriodValueNewIssues`	$596.30K	USD	Annual
Stock issued for financing, value	`StockIssuedForFinancingValue`	$213.80K	USD	Annual
Stock issued for compensation, value	`StockIssuedDuringPeriodValueShareBasedCompensation`	$8.42M	USD	Annual
Preferred shares issued for services, value	`PreferredSharesIssuedForServicesValue`	$1.53M	USD	Annual
Stock issued for acquisition, value	`StockIssuedDuringPeriodValueAcquisitions`	$2.30M	USD	Annual
Reclassification of derivative liability associated with debt conversion	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	$132.98K	USD	Annual
Net loss	`NetIncomeLoss`	$-10.98M	USD	Annual
Net loss	`NetIncomeLoss`	$-13.13M	USD	Annual
Ending balance, value	`StockholdersEquity`	$-4.81M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-158.70K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.81M	USD	Point-in-time

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