CARDIFF INTERNATIONAL, INC. (OTCMKTS:CDIF) Files An 8-K Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim ReviewItem 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
The Company’s previously issued financial statement contained in the Company’s report on Form 10-Q for the quarterly period ended June 30, 2017(“Quarterly Report”) were not reviewed by the Company’s registered public accounting firm in accordance with the rules and regulations of the Securities and Exchange Commission and thus are deemed substantially deficient and not timely filed. In addition, the Company’s Quarterly Report must be amended to (i) identify the report as deficient; (ii) to label the columns of the financial statements in the Quarterly Report as “not reviewed” and (iii) describe how the Company will remedy the deficiency.
As a result, the Company has determined that the financial statements contained in the Quarterly Report should not be relied upon. The Company will amend the Quarterly Report to include the foregoing disclosures.
The Company estimates filing an amended 2nd Quarter 2017 (the “Relevant Period”), on or before August 25, 2017.
About CARDIFF INTERNATIONAL, INC. (OTCMKTS:CDIF)
Cardiff International, Inc. is a holding company with holdings of various companies. The Company is focused on the acquisition of undervalued companies with high growth potential, income-producing commercial real estate properties, and high return investments. Its segments include Mobile home lease (We Three), and Company-owned Pizza Restaurants (Romeo’s NY Pizza). The mobile home lease segment establishes mobile home business as an option for a homeowner wishing to avoid down payments, maintenance costs, monthly mortgage payments and high property taxes. The Company-owned Pizza Restaurant segment includes sales and operating results for all Company-owned restaurants. The Company, through Mission Tuition, offers a merchant shopping network in America consisting of merchants offering in-store savings and coupon savings with local, regional and national merchants throughout America. With each purchase, members earn rebates, which go directly into their educational savings account.