SEC Comment Letter for Cardiff Lexington Corp (CDIX) (CIK 0000811222) (CDIX) — Aug 3, 2017
Cardiff Lexington Corp (CDIX) (CIK 0000811222)
Date: Aug. 3, 2017 · CIK: 0000811222 · Accession: 0000000000-17-027406
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 000-49709
Letter
August 3, 2017 Alex Cunningham Chief Executive Officer Cardiff International, Inc. 401 E. Las Olas Boulevard , Suite 1400 Ft. Lauderdale, Florida 33301
Re: Cardiff International , Inc. Form 8-K Filed July 27, 2017 File No. 000-49709
Dear Mr. Cunningham :
We have reviewed your filing and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.
Please respond to these comments within ten busine ss days by providing the requested information or advis e us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances , please tell us why in your response.
After reviewing your response to these comments, we may have additional comments.
Item 4.02
1. We note that your March 31, 2017 financial statements should no longer be relied upon and that you plan to restate such financials to reflect adjustments in the fair market value. In this regard, please amend your Form 8 -K to disclose the nature of the deficiencies and identify the financial statements that should not be relied upon. Refer to Item 4.02 (a)(2) of Form 8 -K.
2. In addition, please revise to state whether the board of directors discussed with the independent accountant the matters di sclosed in the filing and please tell us when you plan to file th e amended 10 -Q.
We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Alex Cunningham Cardiff International , Inc. August 3, 2017 Page 2
If you have any questions, please call me at (202) 551 -3624 .
Sincerely,
/s/ Heather Clark
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August 3, 2017 Alex Cunningham Chief Executive Officer Cardiff International, Inc. 401 E. Las Olas Boulevard , Suite 1400 Ft. Lauderdale, Florida 33301 Re: Cardiff International , Inc. Form 8-K Filed July 27, 2017 File No. 000-49709 Dear Mr. Cunningham : We have reviewed your filing and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten busine ss days by providing the requested information or advis e us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances , please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Item 4.02 1. We note that your March 31, 2017 financial statements should no longer be relied upon and that you plan to restate such financials to reflect adjustments in the fair market value. In this regard, please amend your Form 8 -K to disclose the nature of the deficiencies and identify the financial statements that should not be relied upon. Refer to Item 4.02 (a)(2) of Form 8 -K. 2. In addition, please revise to state whether the board of directors discussed with the independent accountant the matters di sclosed in the filing and please tell us when you plan to file th e amended 10 -Q. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Alex Cunningham Cardiff International , Inc. August 3, 2017 Page 2 If you have any questions, please call me at (202) 551 -3624 . Sincerely, /s/ Heather Clark Heather Clark Staff Accountant