10-Q Filing

CARDIFF LEXINGTON CORP CIK: 811222 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001683168-23-004526`
Period End Date	20230331
Filing Date	20230629
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	cardiff_i10q-033123_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 46 Cash Flow Statement 70 Stockholders Equity 13

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Convertible notes payable, discount	`DebtInstrumentUnamortizedDiscountCurrent`	$87.15K	USD	Point-in-time
Convertible notes payable, discount	`DebtInstrumentUnamortizedDiscountCurrent`	$46.80K	USD	Point-in-time
Cash	`Cash`	$226.80K	USD	Point-in-time
Cash	`Cash`	$350.33K	USD	Point-in-time
Accounts receivable-net	`AccountsReceivableNetCurrent`	$6.60M	USD	Point-in-time
Accounts receivable-net	`AccountsReceivableNetCurrent`	$7.45M	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.00K	USD	Point-in-time
Prepaid and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$5.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$7.80M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	7.50B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	7.50B	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$55.44K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$50.80K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	789.80M	shares	Point-in-time
Land	`InventoryRealEstate`	$540.00K	USD	Point-in-time
Land	`InventoryRealEstate`	$540.00K	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	908.48M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	789.80M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	908.48M	shares	Point-in-time
Goodwill	`Goodwill`	$5.67M	USD	Point-in-time
Goodwill	`Goodwill`	$5.67M	USD	Point-in-time
Right of use - assets	`OperatingLeaseRightOfUseAsset`	$218.93K	USD	Point-in-time
Right of use - assets	`OperatingLeaseRightOfUseAsset`	$189.63K	USD	Point-in-time
Due from related party	`DueFromRelatedPartyNoncurrent`	$4.98K	USD	Point-in-time
Due from related party	`DueFromRelatedPartyNoncurrent`	$4.98K	USD	Point-in-time
Other assets	`OtherAssets`	$30.82K	USD	Point-in-time
Other assets	`OtherAssets`	$30.82K	USD	Point-in-time
Total assets	`Assets`	$13.35M	USD	Point-in-time
Total assets	`Assets`	$14.28M	USD	Point-in-time
Accounts payable and accrued expense	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.04M	USD	Point-in-time
Accounts payable and accrued expense	`AccountsPayableAndAccruedLiabilitiesCurrent`	$2.07M	USD	Point-in-time
Accrued expenses - related parties	`AccruedExpensesRelatedParties`	$3.90M	USD	Point-in-time
Accrued expenses - related parties	`AccruedExpensesRelatedParties`	$3.75M	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$461.31K	USD	Point-in-time
Accrued interest	`InterestPayableCurrent`	$350.27K	USD	Point-in-time
Right of use - liability	`OperatingLeaseLiabilityCurrent`	$142.31K	USD	Point-in-time
Right of use - liability	`OperatingLeaseLiabilityCurrent`	$140.78K	USD	Point-in-time
Due to director & officer	`DueToDirectorAndOfficer`	$123.19K	USD	Point-in-time
Due to director & officer	`DueToDirectorAndOfficer`	$123.19K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$36.60K	USD	Point-in-time
Notes payable	`NotesPayableCurrent`	$15.81K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartyCurrent`	$90.19K	USD	Point-in-time
Notes payable - related party	`NotesPayableRelatedPartyCurrent`	$37.02K	USD	Point-in-time
Convertible notes payable, net of debt discounts of $87,147 and $46,797, respectively	`ConvertibleDebtCurrent`	$3.52M	USD	Point-in-time
Convertible notes payable, net of debt discounts of $87,147 and $46,797, respectively	`ConvertibleDebtCurrent`	$3.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$9.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.55M	USD	Point-in-time
Notes payable	`OtherLongTermNotesPayable`	$144.65K	USD	Point-in-time
Notes payable	`OtherLongTermNotesPayable`	$139.79K	USD	Point-in-time
Operating lease liability long term	`OperatingLeaseLiabilityNoncurrent`	$55.41K	USD	Point-in-time
Operating lease liability long term	`OperatingLeaseLiabilityNoncurrent`	$84.87K	USD	Point-in-time
Total liabilities	`Liabilities`	$10.75M	USD	Point-in-time
Total liabilities	`Liabilities`	$10.20M	USD	Point-in-time
Total Mezzanine Equity	`TemporaryEquityValueExcludingAdditionalPaidInCapital`	$5.17M	USD	Point-in-time
Total Mezzanine Equity	`TemporaryEquityValueExcludingAdditionalPaidInCapital`	$4.63M	USD	Point-in-time
Common Stock - 7,500,000,000 shares authorized, $0.001 par value; 908,479,113 and 789,796,735 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$789.70K	USD	Point-in-time
Common Stock - 7,500,000,000 shares authorized, $0.001 par value; 908,479,113 and 789,796,735 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively	`CommonStockValue`	$908.38K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-8.55M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$-8.48M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-71.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-70.86M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.63M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$732.36K	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-1.47M	USD	Point-in-time
Total stockholders' equity (deficit)	`StockholdersEquity`	$-932.84K	USD	Point-in-time
Total liabilities, mezzanine equity and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$14.28M	USD	Point-in-time
Total liabilities, mezzanine equity and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$13.35M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	871.99M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	166.13M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	166.13M	shares	1 Quarter
Weighted Average Number of Shares Outstanding, Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	871.99M	shares	1 Quarter
Total revenue	`Revenues`	$2.90M	USD	1 Quarter
Total revenue	`Revenues`	$2.86M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$1.12M	USD	1 Quarter
Total cost of sales	`CostOfRevenue`	$983.12K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.88M	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$1.78M	USD	1 Quarter
Depreciation expense	`DepreciationAndAmortization`	$4.63K	USD	1 Quarter
Depreciation expense	`DepreciationAndAmortization`	$5.78K	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.05M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$1.16M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.16M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$1.06M	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$721.48K	USD	1 Quarter
INCOME FROM OPERATIONS	`OperatingIncomeLoss`	$713.56K	USD	1 Quarter
Other income	`OtherIncome`	$205.00	USD	1 Quarter
Other income	`OtherIncome`	-	USD	1 Quarter
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	$390.00	USD	1 Quarter
Gain on forgiveness of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Penalties and fees	`PenaltiesAndFees`	$15.00K	USD	1 Quarter
Penalties and fees	`PenaltiesAndFees`	-	USD	1 Quarter
Interest expense and finance charge	`InterestExpenseOther`	$2.22M	USD	1 Quarter
Interest expense and finance charge	`InterestExpenseOther`	$695.16K	USD	1 Quarter
Conversion cost penalty and reimbursement	`ConversionCostPenaltyAndReimbursement`	-	USD	1 Quarter
Conversion cost penalty and reimbursement	`ConversionCostPenaltyAndReimbursement`	$2.00K	USD	1 Quarter
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	$17.98K	USD	1 Quarter
Amortization of debt discounts	`AmortizationOfDebtDiscountPremium`	$44.55K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-729.55K	USD	1 Quarter
Total other income (expense)	`NonoperatingIncomeExpense`	$-2.26M	USD	1 Quarter
NET LOSS BEFORE DISCONTINUED OPERATIONS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-15.99K	USD	1 Quarter
NET LOSS BEFORE DISCONTINUED OPERATIONS	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-1.54M	USD	1 Quarter
LOSS FROM DISCONTINUED OPERATIONS	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	$-19.21K	USD	1 Quarter
LOSS FROM DISCONTINUED OPERATIONS	`DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax`	-	USD	1 Quarter
NET LOSS FOR THE PERIOD	`NetIncomeLoss`	$-15.99K	USD	1 Quarter
NET LOSS FOR THE PERIOD	`NetIncomeLoss`	$-1.56M	USD	1 Quarter
DEEMED DIVIDENDS ON PREFERRED STOCK	`RedeemablePreferredStockDividends`	-	USD	1 Quarter
DEEMED DIVIDENDS ON PREFERRED STOCK	`RedeemablePreferredStockDividends`	$336.81K	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-1.56M	USD	1 Quarter
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-352.80K	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.01	USD	1 Quarter
Continuing operations	`IncomeLossFromContinuingOperationsPerBasicShare`	-	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Discontinued operations	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter

Cash Flow Statement 70 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`ProfitLoss`	$-15.99K	USD	1 Quarter
Net loss for the period	`ProfitLoss`	$-1.56M	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$10.81K	USD	1 Quarter
Depreciation	`DepreciationDepletionAndAmortization`	$4.63K	USD	1 Quarter
Amortization of loan discount	`IncreaseDecreaseAmortizationOfLoanDiscount`	$-17.98K	USD	1 Quarter
Amortization of loan discount	`IncreaseDecreaseAmortizationOfLoanDiscount`	$-44.55K	USD	1 Quarter
Gain on forgiveness of debt	`GainOnForgivenessOfDebt`	-	USD	1 Quarter
Gain on forgiveness of debt	`GainOnForgivenessOfDebt`	$390.00	USD	1 Quarter
Other noncash items, net	`OtherNoncashIncomeExpense`	-	USD	1 Quarter
Other noncash items, net	`OtherNoncashIncomeExpense`	$66.05K	USD	1 Quarter
Bad debt	`ProvisionForDoubtfulAccounts`	-	USD	1 Quarter
Bad debt	`ProvisionForDoubtfulAccounts`	$270.00K	USD	1 Quarter
Fair value settled upon conversion	`FairValueSettledUponConversion`	-	USD	1 Quarter
Fair value settled upon conversion	`FairValueSettledUponConversion`	$123.57K	USD	1 Quarter
Conversion and note issuance cost	`ConversionAndNoteIssuanceCost`	$5.00K	USD	1 Quarter
Conversion and note issuance cost	`ConversionAndNoteIssuanceCost`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-343.84K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$1.11M	USD	1 Quarter
Right of use assets	`IncreaseDecreaseRightOfUseAssets`	$-29.30K	USD	1 Quarter
Right of use assets	`IncreaseDecreaseRightOfUseAssets`	$-103.12K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-8.00K	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	-	USD	1 Quarter
Accounts payable and accrued expense	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$241.94K	USD	1 Quarter
Accounts payable and accrued expense	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$569.51K	USD	1 Quarter
Accrued officers compensation	`IncreaseDecreaseInAccruedSalaries`	$120.00K	USD	1 Quarter
Accrued officers compensation	`IncreaseDecreaseInAccruedSalaries`	$154.00K	USD	1 Quarter
Due from related parties	`IncreaseDecreaseDueFromOtherRelatedParties`	$-3.99K	USD	1 Quarter
Due from related parties	`IncreaseDecreaseDueFromOtherRelatedParties`	-	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$110.56K	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$123.07K	USD	1 Quarter
Right of use liabilities	`IncreaseDecreaseRightOfUseLiabilities`	$-62.32K	USD	1 Quarter
Right of use liabilities	`IncreaseDecreaseRightOfUseLiabilities`	$-30.99K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-376.45K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-189.51K	USD	1 Quarter
Net cash provided by discontinued operations - operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	-	USD	1 Quarter
Net cash provided by discontinued operations - operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$19.21K	USD	1 Quarter
Proceeds from convertible notes payable	`ProceedsFromOtherDebt`	$240.00K	USD	1 Quarter
Proceeds from convertible notes payable	`ProceedsFromOtherDebt`	$405.73K	USD	1 Quarter
Repayment of convertible notes payable	`RepaymentsOfConvertibleDebt`	-	USD	1 Quarter
Repayment of convertible notes payable	`RepaymentsOfConvertibleDebt`	$5.91K	USD	1 Quarter
Payment of SBA loan	`PaymentOfSbaLoan`	$756.00	USD	1 Quarter
Payment of SBA loan	`PaymentOfSbaLoan`	$750.00	USD	1 Quarter
Dividend on preferred stock	`DividendOnPreferredStock1`	-	USD	1 Quarter
Dividend on preferred stock	`DividendOnPreferredStock1`	$-102.75K	USD	1 Quarter
Proceeds from credit line	`ProceedsFromLinesOfCredit`	$37.00K	USD	1 Quarter
Proceeds from credit line	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Repayment of credit line	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Repayment of credit line	`RepaymentsOfLinesOfCredit`	$16.38K	USD	1 Quarter
Payment of notes payable related party	`RepaymentsOfNotesPayable`	$835.00	USD	1 Quarter
Payment of notes payable related party	`RepaymentsOfNotesPayable`	$816.00	USD	1 Quarter
Proceeds from notes payable related party	`ProceedsFromNotesPayable`	$4.80K	USD	1 Quarter
Proceeds from notes payable related party	`ProceedsFromNotesPayable`	$54.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$313.03K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$300.31K	USD	1 Quarter
NET (DECREASE) INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$123.53K	USD	1 Quarter
NET (DECREASE) INCREASE IN CASH	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-56.93K	USD	1 Quarter
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$595.99K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$350.33K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$226.80K	USD	Point-in-time
CASH, BEGINNING OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$539.06K	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$595.99K	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$350.33K	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$226.80K	USD	Point-in-time
CASH, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$539.06K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	$22.71K	USD	1 Quarter
Cash paid during the period for interest	`InterestPaidNet`	$1.50K	USD	1 Quarter
Common stock issued upon conversion of notes payable and accrued interest	`CommonStockIssuedUponConversionOfNotesPayableAndAccruedInterest`	$66.67K	USD	1 Quarter
Common stock issued upon conversion of notes payable and accrued interest	`CommonStockIssuedUponConversionOfNotesPayableAndAccruedInterest`	-	USD	1 Quarter
Debt discount from derivative liabilities	`DebtDiscountFromDerivativeLiabilities`	-	USD	1 Quarter
Debt discount from derivative liabilities	`DebtDiscountFromDerivativeLiabilities`	$94.32K	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-1.63M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$732.36K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.47M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-932.84K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.63M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$732.36K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.47M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-932.84K	USD	Point-in-time
Conversion of convertible notes payable	`StockIssuedDuringPeriodValueConversionOfConvertibleSecurities`	$190.24K	USD	1 Quarter
Dividend to preferred stock	`DividendToPreferredStock`	$336.81K	USD	1 Quarter
Dividend to preferred stock	`DividendToPreferredStock`	$102.75K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-15.99K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.56M	USD	1 Quarter

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