Cardiff Lexington Corp (CDIX) Form 10-Q — Aug 12, 2026
Cardiff Lexington Corporation filed its 10-Q for the quarter ended June 30, 2026, reporting revenue of $2.16 million, down roughly 23% from $2.79 million a year earlier, with a Q2 net loss of $2.48 million and a six-month loss per share of $0.41. The filing carries explicit going-concern language: the company has an accumulated deficit of $85.6 million, burned $668,649 of operating cash in the first half of 2026, and management states continuation depends on additional capital infusions.
Key figures
- Eps
- -0.18 (Q2 2026); -0.41 (six months 2026)
- Revenue
- 2,159,557 (Q2 2026); 4,381,837 (six months 2026) vs 2,789,007 and 5,704,574 in prior-year periods
- Net Income
- -2,478,906 (Q2 2026); -5,570,980 (six months, per quarterly equity statement)
- Total Debt
- 22,727,484 notes payable principal (incl. 1,435,703 related-party) plus 1,363,889 convertible notes principal
- Revenue Yoy
- -22.6% (Q2); -23.2% (six months), calculated from stated figures
- Shares Outstanding
- 15637361
- Reverse split
- 1-for-3 effective January 12, 2026
- Litigation claim
- 1350000
- Nol carryforwards
- approximately $24.4 million
- Accumulated deficit
- 85617319
- Stockholders equity
- 1755294
- Line of credit drawn
- 21138949
- Line of credit unused
- 1861051
- Day1 derivative losses
- $1,192,641 and $76,230 on 2026 convertible notes
- Derivative liabilities
- 1087129
- Equity facility commitment
- $25,000,000 (increasable to $75,000,000 at company discretion)
- Line of credit max advance
- 23000000
- Settlement realization rate
- 41% (Q2 2026) vs 43% (Q2 2025)
- Preferred dividends six months
- 555359
- Defaulted related party bonus notes
- 1085703
AI analysis
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