Company: HFFG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001628280-25-039583
Chunk: 3

Company: HF Foods Group Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 1
Chunk 3
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1,260 Non-cash lease expense2,488 1,930 Lease guarantee income— (5,548)Other non-cash (income) expense(330)485 Changes in operating assets and liabilities:Accounts receivable1,406 (3,303)Accounts receivable - related parties(170)(240)Inventories(29,457)(13,614)Prepaid expenses and other current assets4,723 1,149 Other long-term assets541 723 Checks issued not presented for payment 1,302 1,958 Accounts payable17,419 10,880 Accounts payable - related parties188 254 Operating lease liabilities(1,735)(2,007)Accrued expenses and other liabilities(425)(1,733)Net cash provided by operating activities10,468 1,941 Cash flows from investing activities:Purchase of property and equipment(6,731)(6,331)Proceeds from sale of property and equipment139 — Net cash used in investing activities(6,592)(6,331)Cash flows from financing activities:Payments for tax withholding related to vested stock awards(156)(128)Proceeds from line of credit631,713 735,717 Repayment of line of credit(628,237)(727,958)Repayment of long-term debt(2,730)(2,768)Payment of debt financing costs(213)— Repayment of obligations under finance leases(3,070)(1,737)Net cash (used in) provided by financing activities(2,693)3,126 Net increase (decrease) in cash1,183 (1,264)Cash at beginning of the period14,467 15,232 Cash at end of the period$15,650 $13,968 Supplemental disclosure of non-cash investing and financing activities:Right-of-use assets obtained in exchange for operating lease liabilities$16,542 $5,222 Property acquired in exchange for finance leases13,596 9,218 Dissolution of noncontrolling interests— 772 

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.3

HF Foods Group Inc. and SubsidiariesConsolidated Statements of Changes in Shareholders' Equity(In thousands, except share data)(Unaudited)

Common StockTreasury StockAdditionalPaid-inCapitalAccumulated DeficitTotal Shareholders