Company: HFFG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001680873-25-000074
Chunk: 11

Company: HF Foods Group Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 11
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 control over this investee. The Company determined there was no impairment for the three months ended September 30, 2025 and 2024 for these investments.Accrued expenses and other liabilities consisted of the following:(In thousands)September 30, 2025December 31, 2024Accrued compensation$6,325 $7,497 Accrued professional fees264 553 Accrued interest and fees878 938 Self-insurance liability1,696 1,671 Advance from customers421 3,081 Other5,510 4,261 Total accrued expenses and other liabilities$15,094 $18,001 

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Note 5 - Fair Value MeasurementsThe following table presents the Company’s hierarchy for its assets and liabilities measured at fair value on a recurring basis as of the dates indicated:September 30, 2025December 31, 2024Level 1Level 2Level 3TotalLevel 1Level 2Level 3TotalQuoted Prices in Active Markets for Identical AssetsSignificant Other Observable InputsSignificant Unobservable InputsQuoted Prices in Active Markets for Identical AssetsSignificant Other Observable InputsSignificant Unobservable Inputs(In thousands)Assets:Interest rate swaps$— $253 $— $253 $— $504 $— $504 Liabilities:Interest rate swaps$— $1,665 $— $1,665 $— $— $— $— The Company follows the provisions of ASC Topic 820 Fair Value Measurement which clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:•Level 1 - Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.•Level 2 - Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.•Level 3 - Inputs are unobservable inputs which reflect the reporting entity’s own assumptions about what assumptions market participants would use in pricing the asset or liability based on the best available information.Any transfers of assets or liabilities between Level 1, Level 2, and Level 3 of the fair value hierarchy will be recognized at the end