Company: HFFG
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001680873-25-000006
Chunk: 18

Company: HF Foods Group Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7A
Chunk 18
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 assets and liabilities:Accounts receivable(6,421)(4,039)(8,577)Accounts receivable - related parties10 (95)36 Inventories7,835 14,673 (3,755)Prepaid expenses and other current assets(1,362)(1,069)(4,008)Other long-term assets942 (3,418)(1,199)Checks issued not presented for payment 1,193 (17,452)4,112 Accounts payable(1,025)(3,898)15,207 Accounts payable - related parties(345)(1,132)(412)Operating lease liabilities(4,040)(3,730)(4,408)Accrued expenses and other liabilities714 (2,199)7,070 Net cash provided by operating activities22,636 (1,648)35,396 Cash flows from investing activities:Purchase of property and equipment(12,547)(3,514)(6,287)Proceeds from sale of property and equipment48 2,000 7,794 Contribution to equity method investee(49)— — Payment made for acquisition of Sealand— — (34,848)Payment made for acquisition of Great Wall Group— — (17,445)Net cash used in investing activities(12,548)(1,514)(50,786)Cash flows from financing activities:Payments for tax withholding related to vested stock awards(175)(394)— Proceeds from line of credit1,476,106 1,237,101 1,200,996 Repayment of line of credit(1,477,240)(1,231,647)(1,203,112)Proceeds from long-term debt— — 45,956 Repayment of long-term debt(5,470)(7,591)(11,336)Payment of debt financing costs— — (544)Repayment of obligations under finance leases(3,574)(2,480)(2,626)Repayment of promissory note payable - related party— — (4,500)Proceeds from noncontrolling interests— — 240 Cash distributions to noncontrolling interests(500)(884)(187)Net cash (used in) provided by financing activities(10,853)(5,895)24,887 Net (decrease) increase in cash(765)(9,057