Company: HFFG
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001628280-25-039583
Chunk: 70

Company: HF Foods Group Inc.
Filing Date: 2025-08-11
Form: 10-Q
Item: Item 8
Chunk 70
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36 %$99,530 33 %$217,655 36 %$193,925 32 %Asian Specialty57,124 18 %77,493 26 %118,104 19 %157,702 26 %Meat and Poultry71,769 23 %63,792 20 %137,794 22 %121,542 20 %Produce27,606 9 %32,171 11 %55,517 9 %64,254 11 %Packaging and Other14,979 4 %15,645 5 %29,100 5 %32,019 6 %Commodity31,295 10 %13,711 5 %55,111 9 %28,554 5 %Total$314,853 100 %$302,342 100 %$613,281 100 %$597,996 100 %

Note 4 - Balance Sheet ComponentsAccounts receivable, net consisted of the following:(In thousands)June 30, 2025December 31, 2024Accounts receivable$54,257 $55,664 Less: allowance for expected credit losses(2,174)(1,557)Accounts receivable, net$52,083 $54,107 Movement of allowance for expected credit losses was as follows:Six Months Ended June 30,(In thousands)20252024Beginning balance$1,557 $2,119 Provision (credit) for expected credit losses618 (40)Bad debt write-offs(1)(2)Ending balance$2,174 $2,077 Prepaid expenses and other current assets consisted of the following:(In thousands)June 30, 2025December 31, 2024Prepaid expenses$1,878 $4,443 Advances to suppliers3,772 5,606 Other current assets1,134 1,458 Prepaid expenses and other current assets$6,784 $11,507 

7

Property and equipment, net consisted of the following:(In thousands)June 30, 2025December 31, 2024Automobiles (1)$63,614 $50,565 Buildings63,045 63,045 Building improvements (1)24,157 22,