Company: HFFG
Filing Date: 2025-03-17
Form Type: 10-K
Source: 0001680873-25-000006
Chunk: 15

Company: HF Foods Group Inc.
Filing Date: 2025-03-17
Form: 10-K
Item: Item 7A
Chunk 15
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Accounts receivable, net of allowances of $1,557 and $2,11954,107 47,524 Accounts receivable - related parties239 308 Inventories97,783 105,618 Prepaid expenses and other current assets11,507 10,145 TOTAL CURRENT ASSETS178,103 178,827 Property and equipment, net149,572 133,136 Operating lease right-of-use assets13,944 12,714 Long-term investments2,350 2,388 Customer relationships, net136,615 147,181 Trademarks, trade names and other intangibles, net24,911 30,625 Goodwill38,815 85,118 Other long-term assets5,681 6,531 TOTAL ASSETS$549,991 $596,520 LIABILITIES AND SHAREHOLDERS’ EQUITYCURRENT LIABILITIES:Checks issued not presented for payment$5,687 $4,494 Line of credit57,483 58,564 Accounts payable50,592 51,617 Accounts payable - related parties52 397 Current portion of long-term debt, net5,410 5,450 Current portion of obligations under finance leases3,797 1,749 Current portion of obligations under operating leases4,177 3,706 Accrued expenses and other liabilities18,001 17,287 TOTAL CURRENT LIABILITIES145,199 143,264 Long-term debt, net of current portion103,324 108,711 Obligations under finance leases, non-current19,929 11,229 Obligations under operating leases, non-current10,125 9,414 Deferred tax liabilities29,392 29,028 Other long-term liabilities728 6,891 TOTAL LIABILITIES308,697 308,537 COMMITMENTS AND CONTINGENCIES (Note 17)SHAREHOLDERS’ EQUITY:Series A Participating Preferred Stock, par value $0.001; 100,000 shares authorized, no shares issued and outstanding— — Preferred Stock, $0.001 par value; 1,000,000 shares authorized; no shares issued and outstanding— — Common Stock, $0.0001 par value; 100,000,000 shares authorized; 54,735,073 and  54,153,