Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY
SECURITIES.
Market Information
Our common stock eligible for quotation on the
Pink Market OTC Markets Group Inc. under the symbol “CDIX.” The following table sets forth, for the periods indicated, the
high and low closing prices of our common stock. These prices reflect inter-dealer prices, without retain mark-up or commission, and may
not represent actual transactions.
Closing Prices
High
Low
Fiscal Year Ended December 31, 2021
1 st Quarter
$ 0.0660
$ 0.0102
2 nd Quarter
$ 0.0240
$ 0.0104
3 rd Quarter
$ 0.0165
$ 0.0045
4 th Quarter
$ 0.0071
$ 0.0001
Fiscal Year Ended December 31, 2022
1 st Quarter
$ 0.0050
$ 0.0001
2 nd Quarter
$ 0.0002
$ 0.0002
3 rd Quarter
$ 0.0050
$ 0.0002
4 th Quarter
$ 0.0029
$ 0.0003
Number of Holders of Our Common Shares
As of March 31, 2023, there were approximately
853 stockholders of record of our common stock. In computing the number of holders of record of our common stock, each broker-dealer and
clearing corporation holding shares on behalf of its customers is counted as a single stockholder.
Securities Authorized for Issuance Under Equity
Compensation Plans
As of December 31, 2022, we did not have in effect
any compensation plans under which our equity securities were authorized for issuance, and we did not have any outstanding share options.
Dividend Policy
We have never declared or paid cash dividends
on our capital stock. We currently intend to retain all available funds and any future earnings for use in the operation of our business
and do not anticipate paying any cash dividends in the near future. Any decision to declare and pay dividends in the future will be made
at the discretion of our board of directors and will depend on, among other things, our results of operations, financial condition, cash
requirements, contractual restrictions, and other factors that our board of directors may deem relevant. In addition, our ability to pay
dividends may be limited by covenants of any existing and future outstanding indebtedness we or our subsidiaries incur.
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Recent Sales of Unregistered Securities
Except as set forth below, we have not sold any
equity securities during the 2022 fiscal year that were not previously disclosed in a quarterly report on Form 10-Q or a current report
on Form 8-K that was filed during the 2022 fiscal year.
On October 31, 2022, we issued 67,500 shares of
series B preferred stock to the owners of AHI in connection with the buyback agreement described elsewhere in this report.
On October 10, 2022, we issued 18,750 shares of
series B preferred stock to Rollan Roberts II, our Chief Operating Officer, in exchange for services provided.
On November 11, 2022, we issued 15,000 shares
of series B preferred stock to Eric Raper, an investor, in exchange for $15,000.
On December 15, 2022, we issued 10,000 shares
of series B preferred stock to Gregg E Russell, and investor in exchange for $10,000.
No underwriters were involved in these issuances.
We believe that each of the above issuances was exempt from registration under the Securities Act in reliance on Section 4(2) of the Securities
Act regarding transactions not involving a public offering.
Purchases of Equity Securities
No repurchases of our common stock were made during
the fourth quarter of 2022.
ITEM 6. [RESERVED]