Company: HFFG
Filing Date: 2025-03-05
Form Type: CORRESP
Source: 0001680873-25-000004
Chunk: 3

Company: HF Foods Group Inc.
Filing Date: 2025-03-05
Form: CORRESP
Chunk 3
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• EY’s Financial Reporting Developments: Statement of Cash Flows (July 2024) which states “Book overdrafts, which relate to a temporary excess of outstanding checks in excess of funds on deposit in a particular account, are analogous to accounts payable and may be considered an element of cash flows from operating activities.”

After considering ASC 230 as well as guidance from the AICPA and other accounting firms, the Company previously determined the net changes to checks issued not presented for payment may be classified in the financing section of the statement of cash flows. The Company has consistently applied this presentation in its statement of cash flows.

The Company takes the Staff’s comment into account which notes that changes in book overdrafts should not result in a financing activity as it relates only to payments to vendors. As such, notwithstanding the accounting guidance noted above, the Company advises the Staff that in its future filings with the SEC, the Company will reclassify the presentation of the changes in book overdrafts from cash flows from financing activities to cash flows from operating activities in the statement of cash flows. The Company will include the following disclosure in the “Notes to Consolidated Financial Statements – 2. Significant Accounting Policies”:

Reclassifications

During 2024, the Company reclassified the presentation of checks issued not presented for payment from cash flows from financing activities to cash flows from operating activities in the consolidated statement of cash flows. Prior periods amounts were reclassified to conform to the current period presentation. The reclassification did not impact consolidated balance sheets or consolidated statements of operations and comprehensive income (loss).

The Company will also include the following disclosure in the “Notes to Consolidated Financial Statements – 2. Significant Accounting Policies – Cash and Cash Equivalents”:

Checks issued not presented for payment represent accounts at banks with an aggregate excess of the amount of outstanding checks over the cash balances and are presented in current liabilities in the consolidated balance sheets. The net changes to checks issued not presented for payment are presented in the operating section of the statement of cash flows.

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Securities and Exchange Commission

March 5, 2025

Page 5

We hope that the foregoing has been responsive to the Staff’s comments and look forward to resolving any outstanding issues as quickly as possible. Please direct any questions or comments regarding the foregoing to me.

| Respectfully Submitted, |
| /s/ Cindy Yao           |
| Cindy Yao               |
| Chief Financial Officer |
| HF Foods Group Inc.     |

|