10-Q Filing

CARDIFF LEXINGTON CORP CIK: 811222 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001019687-16-007366`
Period End Date	20150331
Filing Date	20160826
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	cdif-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 36 Cash Flow Statement 52

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$279.67K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$309.65K	USD	Point-in-time
Notes payable, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	$50.08K	USD	Point-in-time
Notes payable, discount	`DebtInstrumentUnamortizedDiscountNoncurrent`	-	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`	4.93M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	6.46M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	6.46M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	4.93M	shares	Point-in-time
Cash	`Cash`	$118.41K	USD	Point-in-time
Cash	`Cash`	$46.31K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$3.78K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$782.00	USD	Point-in-time
Prepaid and other	`PrepaidExpenseAndOtherAssetsCurrent`	$25.32K	USD	Point-in-time
Prepaid and other	`PrepaidExpenseAndOtherAssetsCurrent`	$20.04K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$75.42K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$139.23K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $309,652 and $279,673, respectively	`PropertyPlantAndEquipmentNet`	$549.13K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $309,652 and $279,673, respectively	`PropertyPlantAndEquipmentNet`	$534.21K	USD	Point-in-time
Land	`Land`	$603.00K	USD	Point-in-time
Deposits	`DepositAssets`	$9.72K	USD	Point-in-time
Deposits	`DepositAssets`	$6.95K	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`	$1.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$73.15K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$26.50K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$176.33K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$301.05K	USD	Point-in-time
Accrued expenses - related parties	`AccountsPayableRelatedPartiesCurrent`	$450.00K	USD	Point-in-time
Accrued expenses - related parties	`AccountsPayableRelatedPartiesCurrent`	$510.00K	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$161.70K	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$168.73K	USD	Point-in-time
Accrued payroll taxes	`AccruedPayrollTaxesCurrent`	$38.40K	USD	Point-in-time
Accrued payroll taxes	`AccruedPayrollTaxesCurrent`	$39.53K	USD	Point-in-time
Due to officers and shareholders	`DueToOfficersOrStockholdersCurrent`	$86.65K	USD	Point-in-time
Due to officers and shareholders	`DueToOfficersOrStockholdersCurrent`	$106.94K	USD	Point-in-time
Notes payable, unrelated party	`LongTermDebtCurrent`	$67.55K	USD	Point-in-time
Notes payable, unrelated party	`LongTermDebtCurrent`	$129.03K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$9.00K	USD	Point-in-time
Convertible notes payable	`ConvertibleNotesPayableCurrent`	$9.00K	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`	$1.37M	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`	$100.00K	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`	$1.47M	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`	$6.46K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$39.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$39.09M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-39.26M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-39.39M	USD	Point-in-time
Total shareholders' equity (deficiency)	`StockholdersEquity`	$-158.70K	USD	Point-in-time
Total shareholders' equity (deficiency)	`StockholdersEquity`	$-175.69K	USD	Point-in-time
Total liabilities and shareholders' equity (deficiency)	`LiabilitiesAndStockholdersEquity`	$1.25M	USD	Point-in-time
Total liabilities and shareholders' equity (deficiency)	`LiabilitiesAndStockholdersEquity`	$1.30M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Rental income	`OperatingLeasesIncomeStatementContingentRevenue`	$41.75K	USD	1 Quarter
Rental income	`OperatingLeasesIncomeStatementContingentRevenue`	-	USD	1 Quarter
Sales of pizza	`FoodAndBeverageRevenue`	$377.12K	USD	1 Quarter
Sales of pizza	`FoodAndBeverageRevenue`	-	USD	1 Quarter
Other	`OtherOperatingIncome`	$10.95K	USD	1 Quarter
Other	`OtherOperatingIncome`	-	USD	1 Quarter
Total revenue	`Revenues`	-	USD	1 Quarter
Total revenue	`Revenues`	$429.81K	USD	1 Quarter
Rental business	`CostOfPropertyRepairsAndMaintenance`	$28.99K	USD	1 Quarter
Rental business	`CostOfPropertyRepairsAndMaintenance`	-	USD	1 Quarter
Pizza restaurants	`CostOfRevenue`	$272.41K	USD	1 Quarter
Pizza restaurants	`CostOfRevenue`	-	USD	1 Quarter
Other	`OtherExpenses`	-	USD	1 Quarter
Other	`OtherExpenses`	-	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	$301.40K	USD	1 Quarter
Total cost of sales	`CostOfGoodsAndServicesSold`	-	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	$128.41K	USD	1 Quarter
GROSS MARGIN	`GrossProfit`	-	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$255.85K	USD	1 Quarter
OPERATING EXPENSES	`OperatingExpenses`	$140.80K	USD	1 Quarter
GAIN (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-140.80K	USD	1 Quarter
GAIN (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-127.44K	USD	1 Quarter
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$10.00K	USD	1 Quarter
Change in value of derivative liability	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Change in value of derivative liability	`UnrealizedGainLossOnDerivatives`	$48.61K	USD	1 Quarter
Interest expense	`InterestExpense`	$15.60K	USD	1 Quarter
Interest expense	`InterestExpense`	$7.06K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$2.94K	USD	1 Quarter
TOTAL OTHER INCOME (EXPENSE)	`NonoperatingIncomeExpense`	$33.02K	USD	1 Quarter
NET INCOME (LOSS) FOR THE PERIOD	`NetIncomeLoss`	$-124.49K	USD	1 Quarter
NET INCOME (LOSS) FOR THE PERIOD	`NetIncomeLoss`	$-107.79K	USD	1 Quarter
INCOME (LOSS) PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	$-1.21	USD	1 Quarter
INCOME (LOSS) PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	$-0.03	USD	1 Quarter
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	4.95M	shares	1 Quarter
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	89,306.00	shares	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-124.49K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-107.79K	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	-	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$29.98K	USD	1 Quarter
Amortization of loan discount	`AmortizationOfDebtDiscountPremium`	$2.90K	USD	1 Quarter
Amortization of loan discount	`AmortizationOfDebtDiscountPremium`	-	USD	1 Quarter
Change in value of derivative liability	`UnrealizedGainLossOnDerivatives`	-	USD	1 Quarter
Change in value of derivative liability	`UnrealizedGainLossOnDerivatives`	$48.61K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.00K	USD	1 Quarter
Deposits	`IncreaseDecreaseInDepositOtherAssets`	$-2.77K	USD	1 Quarter
Deposits	`IncreaseDecreaseInDepositOtherAssets`	-	USD	1 Quarter
Prepaids and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-5.28K	USD	1 Quarter
Prepaids and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.66K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-46.65K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$124.72K	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$13.70K	USD	1 Quarter
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$8.59K	USD	1 Quarter
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$7.03K	USD	1 Quarter
Accrued payroll taxes	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$1.13K	USD	1 Quarter
Accrued payroll taxes	`IncreaseDecreaseInEmployeeRelatedLiabilities`	-	USD	1 Quarter
Accrued officers' salaries	`IncreaseDecreaseInAccruedSalaries`	$54.10K	USD	1 Quarter
Accrued officers' salaries	`IncreaseDecreaseInAccruedSalaries`	$60.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-75.46K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$62.77K	USD	1 Quarter
Advances - notes receivable	`PaymentsToAcquireNotesReceivable`	-	USD	1 Quarter
Advances - notes receivable	`PaymentsToAcquireNotesReceivable`	$45.00K	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	1 Quarter
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$44.90K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-44.90K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-45.00K	USD	1 Quarter
Due from/to related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Due from/to related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$8.21K	USD	1 Quarter
Proceeds from sales of stock	`ProceedsFromIssuanceOrSaleOfEquity`	$107.50K	USD	1 Quarter
Proceeds from sales of stock	`ProceedsFromIssuanceOrSaleOfEquity`	$152.11K	USD	1 Quarter
(Repayments to) Proceeds of notes payable	`ProceedsFromRepaymentsOfNotesPayable`	$10.00K	USD	1 Quarter
(Repayments to) Proceeds of notes payable	`ProceedsFromRepaymentsOfNotesPayable`	$-61.49K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$54.22K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$162.11K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$41.65K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$72.10K	USD	1 Quarter
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$46.31K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$46.33K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$118.41K	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`	$46.31K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$46.33K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$118.41K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$4.68K	USD	Point-in-time
Common stock issued upon conversion of notes payable	`CommonStockIssuedUponConversionOfNotesPayable`	$30.75K	USD	1 Quarter
Common stock issued upon conversion of notes payable	`CommonStockIssuedUponConversionOfNotesPayable`	-	USD	1 Quarter

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