Dilution profile // every instrument, one screen, from SEC filings

Cardiff Lexington Corp (CDIX)

CIK 811222 · all EDGAR filings →

Overall dilution risk
HIGHworst of 4 computed sub-ratings (offering ability)
= the worst band among the computed sub-ratings, no hidden weighting
Offering ability
HIGH$85.3M registered
= total registered offering amount from the fee exhibits of live registrations (bands: $1M / $20M)
registered capacity, not remaining: amounts already taken down are not subtracted yet
Overhead supply
HIGHwarrants = 300% of O/S
= warrant shares outstanding divided by current shares outstanding (bands: 20% / 50%)
warrants only; converts, ATMs and equity lines are not in free structured data, so the true overhead is AT LEAST this
Historical dilution
LOW-99% O/S in 3y
= share count now vs 3 years ago (bands: 30% / 100%); a reverse split pushes this negative
a reverse-split-sized cliff is in this window; read the chart
Cash need
HIGH~2.1 months of runway
= cash vs trailing operating burn (bands: 6mo / 24mo; positive operating CF = low)
the company itself flagged going-concern doubt

Same rating bands the category standard uses, but free, with the formula on the chip and the gaps in the data said out loud.

Shares outstanding over time

2020-11-112026-08-10

Latest: 15.6M shares as of Aug 10, 2026 (10-Q). Share count fell from 1.37B to 190,053 between Apr 14, 2020 and May 12, 2020, a pattern consistent with a reverse split (roughly 1-for-7186); simultaneous issuance can skew the raw ratio, so confirm in the filings. The red bar marks the cliff.

Cash runway

Going-concern warning

auditor flagged substantial doubt

The company itself flagged going-concern doubt in a filing.

Full breakdown: cash runway tool · source filing →

Warrants

Warrants outstanding: 46.9M underlying shares, as reported Sep 30, 2013 (10-Q).

Balance-sheet fair value of warrants: $0 as of Mar 31, 2022.

Rough fully diluted estimate: 62.6M = 15.6M O/S + 46.9M warrant shares. An estimate, not a filing figure: it ignores converts, options and RSUs, and the two inputs carry different as-of dates.

Convertible notes

NotePrincipalCarryingConv. priceRateIf converted
March 2026 SPAnot tagged$460,000not tagged——
April 2026 SPAnot tagged$268,889not tagged——
March 2026 Additional SPAnot tagged$225,000not tagged——
December 2025 Loan Agreementsnot tagged$200,000not tagged12%—
Dec 2025 and Jan 2026 Loan Agreementsnot tagged$160,000not tagged12%—
Convertible Prom Note 2017not tagged$50,000not tagged——

Notes exactly as the company dimensioned them in its 10-Q filed Aug 12, 2026 →. Principal is face amount as tagged, not what remains after repurchases unless the filer updated the tag. A note the filer did not dimension is absent here, not absent from the balance sheet; the exhibits stay the ground truth.

Fully diluted build-up

Shares outstanding plus every potential-share instrument the filer tagged in XBRL, each at its own as-of date. An estimate assembled from filed figures, not a filing figure itself.

Shares outstanding15.6MAug 10, 2026
+ Warrants (aggregate, as tagged) (if exercised)46.9MSep 30, 2013
Fully diluted estimate62.6M+300.2% vs O/S

Still excluded, because the filer does not tag them in countable form: employee options and RSUs, any instrument living only in exhibit prose, and instruments above missing a share count. Inputs carry different as-of dates, shown per row. Each figure traces to the tranche and note tables above and their cited filings.

Registrations and offerings

Registered offering capacity on live registrations: $85.3Mfrom the structured fee exhibits; registered is not remaining, takedowns are not subtracted

S-1Jun 11, 2026$85.3M registeredfiling →

Last 12 months: 0 executed · 5 registered.

UPDATEJun 23, 2026Prospectus update — often a resale registration, not necessarily new capital424B3 →
EFFECTIVEJun 18, 2026SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDJun 11, 2026S-1 registration — capacity to sell shares, not a sale yetS-1 →
WITHDRAWNMay 12, 2026Registration withdrawnAW →
WITHDRAWNApr 30, 2026Registration withdrawnRW →
EFFECTIVEFeb 13, 2026SEC declared a registration effective — selling can beginEFFECT →
REGISTEREDFeb 5, 2026S-1/A registration — capacity to sell shares, not a sale yetS-1/A →
REGISTEREDJan 26, 2026S-1/A registration — capacity to sell shares, not a sale yetS-1/A →
REGISTEREDJan 20, 2026S-1/A registration — capacity to sell shares, not a sale yetS-1/A →
REGISTEREDDec 15, 2025S-1 registration — capacity to sell shares, not a sale yetS-1 →
WITHDRAWNMay 2, 2025Registration withdrawnRW →
REGISTEREDJun 18, 2024S-1/A registration — capacity to sell shares, not a sale yetS-1/A →

Full history and shelf status: offering checker · S-3 shelf checker

Source: SEC EDGAR XBRL company facts and filing metadata, fetched live and cached briefly. Share counts are cover-page figures with their form named. Warrant tranches and convertible notes come from the dimensioned facts in the latest 10-Q/10-K instance document, exactly as the company tagged them; untagged tranches and notes are absent, not disproven. Nothing on this page is manually verified and nothing is behind a login: what free data supports is shown, what it cannot support is stated. Not investment advice.

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