10-K Filing

CARDIFF LEXINGTON CORP CIK: 811222 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001683168-17-000954`
Period End Date	20161231
Filing Date	20170417
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	cdif-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 44 Cash Flow Statement 70 Stockholders Equity 19

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$279.67K	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$838.74K	USD	Point-in-time
Notes payable, discount	`DebtInstrumentUnamortizedDiscountCurrent`	-	USD	Point-in-time
Notes payable, discount	`DebtInstrumentUnamortizedDiscountCurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	50.00M	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`	25.22M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	9.41M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	9.41M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	25.22M	shares	Point-in-time
Cash	`Cash`	$62.95K	USD	Point-in-time
Cash	`Cash`	$31.56K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$32.01K	USD	Point-in-time
Accounts receivable	`AccountsReceivableNetCurrent`	$54.00	USD	Point-in-time
Inventory	`InventoryNet`	-	USD	Point-in-time
Inventory	`InventoryNet`	$42.23K	USD	Point-in-time
Prepaid and other	`PrepaidExpenseAndOtherAssetsCurrent`	$36.99K	USD	Point-in-time
Prepaid and other	`PrepaidExpenseAndOtherAssetsCurrent`	$21.02K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$174.18K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$52.64K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $838,736 and $279,673, respectively	`PropertyPlantAndEquipmentNet`	$540.02K	USD	Point-in-time
Property and equipment, net of accumulated depreciation of $838,736 and $279,673, respectively	`PropertyPlantAndEquipmentNet`	$736.67K	USD	Point-in-time
Land	`Land`	$603.00K	USD	Point-in-time
Land	`Land`	$603.00K	USD	Point-in-time
Deposits	`DepositAssets`	$1.53K	USD	Point-in-time
Deposits	`DepositAssets`	$6.95K	USD	Point-in-time
Due from related party	`DueFromRelatedPartiesNoncurrent`	-	USD	Point-in-time
Due from related party	`DueFromRelatedPartiesNoncurrent`	$9.87K	USD	Point-in-time
Investment	`Investments`	-	USD	Point-in-time
Investment	`Investments`	$24.11K	USD	Point-in-time
Goodwill	`Goodwill`	$932.53K	USD	Point-in-time
Goodwill	`Goodwill`	-	USD	Point-in-time
Total Assets	`Assets`	$1.21M	USD	Point-in-time
Total Assets	`Assets`	$2.47M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$29.08K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$65.90K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$584.80K	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$949.98K	USD	Point-in-time
Accrued expenses - related parties	`AccountsPayableRelatedPartiesCurrent`	$502.50K	USD	Point-in-time
Accrued expenses - related parties	`AccountsPayableRelatedPartiesCurrent`	$767.75K	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$231.45K	USD	Point-in-time
Interest payable	`InterestPayableCurrent`	$191.82K	USD	Point-in-time
Accrued payroll taxes	`AccruedPayrollTaxesCurrent`	$41.78K	USD	Point-in-time
Accrued payroll taxes	`AccruedPayrollTaxesCurrent`	$38.90K	USD	Point-in-time
Due to officers and shareholders	`DueToOfficersOrStockholdersCurrent`	$81.91K	USD	Point-in-time
Due to officers and shareholders	`DueToOfficersOrStockholdersCurrent`	$503.13K	USD	Point-in-time
Common stock to be issued	`CommonStockToBeIssued`	$5.00K	USD	Point-in-time
Common stock to be issued	`CommonStockToBeIssued`	$500.00	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Line of credit	`LinesOfCreditCurrent`	$10.00K	USD	Point-in-time
Series H preferred shares to be issued	`SeriesHPreferredSharesToBeIssued`	-	USD	Point-in-time
Series H preferred shares to be issued	`SeriesHPreferredSharesToBeIssued`	$728.91K	USD	Point-in-time
Notes payable, unrelated party	`LongTermDebtCurrent`	$259.32K	USD	Point-in-time
Notes payable, unrelated party	`LongTermDebtCurrent`	$60.81K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$166.69K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartiesClassifiedCurrent`	$119.50K	USD	Point-in-time
Convertible notes payable, net of debt discounts of $4,750 and $0, respectively	`ConvertibleNotesPayableCurrent`	$157.45K	USD	Point-in-time
Convertible notes payable, net of debt discounts of $4,750 and $0, respectively	`ConvertibleNotesPayableCurrent`	$29.70K	USD	Point-in-time
Convertible notes payable - related party	`ConvertibleNotesPayableRelatedParty`	$165.00K	USD	Point-in-time
Convertible notes payable - related party	`ConvertibleNotesPayableRelatedParty`	$165.00K	USD	Point-in-time
Derivative Liabilities	`DerivativeLiabilitiesCurrent`	$13.95K	USD	Point-in-time
Derivative Liabilities	`DerivativeLiabilitiesCurrent`	-	USD	Point-in-time
Tax payable	`AccruedIncomeTaxesCurrent`	-	USD	Point-in-time
Tax payable	`AccruedIncomeTaxesCurrent`	$23.44K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$4.07M	USD	Point-in-time
Common stock; 200,000,000 shares authorized with $0.001 par value; 25,223,578 and 9,412,888 shares issued and outstanding at December 31, 2016 and 2015, respectively	`CommonStockValue`	$25.22K	USD	Point-in-time
Common stock; 200,000,000 shares authorized with $0.001 par value; 25,223,578 and 9,412,888 shares issued and outstanding at December 31, 2016 and 2015, respectively	`CommonStockValue`	$9.41K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$42.58M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$43.83M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-43.21M	USD	Point-in-time
Retained deficit	`RetainedEarningsAccumulatedDeficit`	$-45.46M	USD	Point-in-time
Total shareholders' equity (deficiency)	`StockholdersEquity`	$-1.60M	USD	Point-in-time
Total shareholders' equity (deficiency)	`StockholdersEquity`	$-158.70K	USD	Point-in-time
Total shareholders' equity (deficiency)	`StockholdersEquity`	$-610.49K	USD	Point-in-time
Total liabilities and shareholders' equity (deficiency)	`LiabilitiesAndStockholdersEquity`	$2.47M	USD	Point-in-time
Total liabilities and shareholders' equity (deficiency)	`LiabilitiesAndStockholdersEquity`	$1.21M	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Rental income	`OperatingLeasesIncomeStatementContingentRevenue`	$168.62K	USD	Annual
Rental income	`OperatingLeasesIncomeStatementContingentRevenue`	$152.12K	USD	Annual
Sales of pizza	`SalesOfPizza`	$1.21M	USD	Annual
Sales of pizza	`SalesOfPizza`	$603.79K	USD	Annual
Sales of ice cream	`SalesOfIceCream`	$369.42K	USD	Annual
Sales of ice cream	`SalesOfIceCream`	-	USD	Annual
Other	`OtherOperatingIncome`	$10.10K	USD	Annual
Other	`OtherOperatingIncome`	$24.93K	USD	Annual
Total revenue	`Revenues`	$1.15M	USD	Annual
Total revenue	`Revenues`	$1.39M	USD	Annual
Rental business	`CostOfPropertyRepairsAndMaintenance`	$145.79K	USD	Annual
Rental business	`CostOfPropertyRepairsAndMaintenance`	$134.91K	USD	Annual
Pizza restaurants	`CostOfRevenue`	$404.48K	USD	Annual
Pizza restaurants	`CostOfRevenue`	$862.82K	USD	Annual
Ice cream stores	`CostOfSalesIceCreamStores`	$246.80K	USD	Annual
Ice cream stores	`CostOfSalesIceCreamStores`	-	USD	Annual
Other	`OtherExpenses`	-	USD	Annual
Other	`OtherExpenses`	-	USD	Annual
Total cost of sales	`CostOfGoodsAndServicesSold`	$997.73K	USD	Annual
Total cost of sales	`CostOfGoodsAndServicesSold`	$797.07K	USD	Annual
GROSS MARGIN	`GrossProfit`	$391.87K	USD	Annual
GROSS MARGIN	`GrossProfit`	$353.18K	USD	Annual
OPERATING EXPENSES	`OperatingExpenses`	$2.51M	USD	Annual
OPERATING EXPENSES	`OperatingExpenses`	$4.30M	USD	Annual
GAIN (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-3.91M	USD	Annual
GAIN (LOSS) FROM OPERATIONS	`OperatingIncomeLoss`	$-2.16M	USD	Annual
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$10.00K	USD	Annual
Gain on settlement of debt	`GainsLossesOnExtinguishmentOfDebt`	$3.00K	USD	Annual
Change in value of derivative liability	`UnrealizedGainLossOnDerivatives`	$1.73K	USD	Annual
Change in value of derivative liability	`UnrealizedGainLossOnDerivatives`	$-1.76K	USD	Annual
Interest expense	`InterestExpense`	$32.10K	USD	Annual
Interest expense	`InterestExpense`	$48.79K	USD	Annual
Amortiztion of debt discounts	`AmortizationOfDebtDiscountPremium`	$22.20K	USD	Annual
Amortiztion of debt discounts	`AmortizationOfDebtDiscountPremium`	$45.67K	USD	Annual
Gain on disposal of fixed assets	`GainLossOnDispositionOfAssets`	$12.01K	USD	Annual
Gain on disposal of fixed assets	`GainLossOnDispositionOfAssets`	$-5.15K	USD	Annual
Total other income (expenses)	`NonoperatingIncomeExpense`	$-94.88K	USD	Annual
Total other income (expenses)	`NonoperatingIncomeExpense`	$-34.05K	USD	Annual
NET INCOME (LOSS) FOR THE PERIOD	`NetIncomeLoss`	$-2.25M	USD	Annual
NET INCOME (LOSS) FOR THE PERIOD	`NetIncomeLoss`	$-3.94M	USD	Annual
INCOME (LOSS) PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	$-0.17	USD	Annual
INCOME (LOSS) PER COMMON SHARE - BASIC	`EarningsPerShareBasic`	$-0.52	USD	Annual
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	7.64M	shares	Annual
Weighted average number of common shares - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	13.60M	shares	Annual

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-2.25M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.94M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$84.75K	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$174.86K	USD	Annual
Gain from disposal of fixed assets	`GainLossOnDispositionOfAssets`	$12.01K	USD	Annual
Gain from disposal of fixed assets	`GainLossOnDispositionOfAssets`	$-5.15K	USD	Annual
Gain from debt forgiveness	`GainsLossesOnExtinguishmentOfDebt`	$10.00K	USD	Annual
Gain from debt forgiveness	`GainsLossesOnExtinguishmentOfDebt`	$3.00K	USD	Annual
Amortization of loan discount	`AmortizationOfLoanDiscount`	$22.20K	USD	Annual
Amortization of loan discount	`AmortizationOfLoanDiscount`	$45.67K	USD	Annual
Change in value of derivative liability	`UnrealizedGainLossOnDerivatives`	$1.73K	USD	Annual
Change in value of derivative liability	`UnrealizedGainLossOnDerivatives`	$-1.76K	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$3.14M	USD	Annual
Stock based compensation	`ShareBasedCompensation`	$1.02M	USD	Annual
Convertible note issued for services rendered	`ConvertibleNoteIssuedForServicesRendered`	$157.00K	USD	Annual
Convertible note issued for services rendered	`ConvertibleNoteIssuedForServicesRendered`	-	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-3.73K	USD	Annual
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-56.03K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	$8.21K	USD	Annual
Inventory	`IncreaseDecreaseInInventories`	-	USD	Annual
Deposits	`IncreaseDecreaseInDepositOtherAssets`	$-5.42K	USD	Annual
Deposits	`IncreaseDecreaseInDepositOtherAssets`	$-2.77K	USD	Annual
Prepaids and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$12.38K	USD	Annual
Prepaids and other	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.30K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-44.07K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-23.78K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$408.47K	USD	Annual
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$337.43K	USD	Annual
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$30.12K	USD	Annual
Interest payable	`IncreaseDecreaseInInterestPayableNet`	$42.08K	USD	Annual
Tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	-	USD	Annual
Tax payable	`IncreaseDecreaseInAccruedTaxesPayable`	$23.44K	USD	Annual
Accrued payroll taxes	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$502.00	USD	Annual
Accrued payroll taxes	`IncreaseDecreaseInEmployeeRelatedLiabilities`	$-2.23K	USD	Annual
Accrued officers' salaries	`IncreaseDecreaseInAccruedSalaries`	$240.00K	USD	Annual
Accrued officers' salaries	`IncreaseDecreaseInAccruedSalaries`	$240.00K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-75.77K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-198.13K	USD	Annual
Proceeds on sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$30.90K	USD	Annual
Proceeds on sale of fixed assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$31.64K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$109.46K	USD	Annual
Purchase of fixed assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.66K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$12.97K	USD	Annual
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-78.56K	USD	Annual
Due from/to related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$62.67K	USD	Annual
Due from/to related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$-6.40K	USD	Annual
Proceeds from sales of stock	`ProceedsFromIssuanceOrSaleOfEquity`	$136.50K	USD	Annual
Proceeds from sales of stock	`ProceedsFromIssuanceOrSaleOfEquity`	$162.50K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$17.50K	USD	Annual
Proceeds from notes payable	`ProceedsFromNotesPayable`	$22.20K	USD	Annual
Proceeds from notes payable - related party	`IncreaseDecreaseInNotesPayableRelatedParties`	$11.12K	USD	Annual
Proceeds from notes payable - related party	`IncreaseDecreaseInNotesPayableRelatedParties`	$19.50K	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	-	USD	Annual
Proceeds from line of credit	`ProceedsFromLinesOfCredit`	$10.00K	USD	Annual
(Repayments to) proceeds of notes payable	`ProceedsFromRepaymentsOfNotesPayable`	$-58.22K	USD	Annual
(Repayments to) proceeds of notes payable	`ProceedsFromRepaymentsOfNotesPayable`	$-61.28K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$176.52K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$139.58K	USD	Annual
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-14.75K	USD	Annual
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.64K	USD	Annual
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$46.31K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$31.56K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$62.95K	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`	$31.56K	USD	Point-in-time
CASH AND CASH EQUIVALENTS - END OF PERIOD	`CashAndCashEquivalentsAtCarryingValue`	$62.95K	USD	Point-in-time
Common stock issued upon conversion of notes payable	`CommonStockIssuedUponConversionOfNotesPayable`	$24.36K	USD	Annual
Common stock issued upon conversion of notes payable	`CommonStockIssuedUponConversionOfNotesPayable`	$1.50K	USD	Annual
Cash carried over from acquisition	`CashCarriedOverFromAcquisition`	-	USD	Annual
Cash carried over from acquisition	`CashCarriedOverFromAcquisition`	$40.03K	USD	Annual

Stockholders Equity 19 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-1.60M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-158.70K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-610.49K	USD	Point-in-time
Common stock issued for debt conversion, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$1.50K	USD	Annual
Common stock issued for debt conversion, value	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$24.36K	USD	Annual
Common stock issued for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$3.14M	USD	Annual
Common stock issued for services, value	`StockIssuedDuringPeriodValueIssuedForServices`	$1.02M	USD	Annual
Stock issued for cash, value	`StockIssuedDuringPeriodValueNewIssues`	$136.50K	USD	Annual
Stock issued for cash, value	`StockIssuedDuringPeriodValueNewIssues`	$132.50K	USD	Annual
Reclassification of derivative liability associated with debt conversion	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	$10.01K	USD	Annual
Reclassification of derivative liability associated with debt conversion	`EmbeddedDerivativeNoLongerBifurcatedAmountReclassifiedToStockholdersEquity`	$12.22K	USD	Annual
Contributed capital	`AdjustmentsToAdditionalPaidInCapitalOther`	$187.50K	USD	Annual
Common stock to be issued, value	`CommonStockToBeIssuedValue`	$4.50K	USD	Annual
Intrinsic value due to beneficial conversion feature	`AdjustmentsToAdditionalPaidInCapitalConvertibleDebtWithConversionFeature`	$67.50K	USD	Annual
Net loss	`NetIncomeLoss`	$-2.25M	USD	Annual
Net loss	`NetIncomeLoss`	$-3.94M	USD	Annual
Ending balance, value	`StockholdersEquity`	$-1.60M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-158.70K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-610.49K	USD	Point-in-time

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