Company: HFFG
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001680873-25-000074
Chunk: 3

Company: HF Foods Group Inc.
Filing Date: 2025-11-10
Form: 10-Q
Item: Item 1
Chunk 3
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Other non-cash (income) expense(548)522 Changes in operating assets and liabilities:Accounts receivable939 (4,105)Accounts receivable - related parties(367)23 Inventories(37,713)(13,890)Prepaid expenses and other current assets5,091 133 Other long-term assets682 734 Checks issued not presented for payment (3,561)7,524 Accounts payable21,820 (658)Accounts payable - related parties511 (323)Operating lease liabilities(2,905)(3,015)Accrued expenses and other liabilities(2,907)2,397 Net cash provided by operating activities4,483 4,225 Cash flows from investing activities:Purchase of property and equipment(10,014)(9,435)Proceeds from sale of property and equipment152 12 Net cash used in investing activities(9,862)(9,423)Cash flows from financing activities:Payments for tax withholding related to vested stock awards(156)(173)Proceeds from line of credit1,033,577 1,120,318 Repayment of line of credit(1,023,791)(1,112,012)Proceeds from issuance of debt3,275 — Repayment of long-term debt(4,776)(4,125)Payment of debt financing costs(213)— Repayment of obligations under finance leases(4,676)(2,597)Net cash provided by financing activities3,240 1,411 Net decrease in cash(2,139)(3,787)Cash at beginning of the period14,467 15,232 Cash at end of the period$12,328 $11,445 Supplemental disclosure of non-cash investing and financing activities:Right-of-use assets obtained in exchange for operating lease liabilities$16,602 $5,222 Property acquired in exchange for finance leases14,269 10,646 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’Equity Attributable toHF Foods Group Inc.Non-controllingInterestsTotalShareholders