Consolidated Balance Sheets - USD ($)	Dec. 31, 2019		Dec. 31, 2018
CURRENT ASSETS:
Cash	$ 14,538,286		$ 5,489,404
Accounts receivable, net	50,027,134		14,406,476
Accounts receivable - related parties, net	4,202,870		2,292,151
Inventories, net	77,531,854		22,175,769
Advances to suppliers - related parties, net	745,135		1,526,482
Notes receivable			3,803,826
Notes receivable - related parties, current			8,117,686
Other current assets	4,374,338		1,230,970
TOTAL CURRENT ASSETS	151,419,617		59,042,764
Property and equipment, net	37,538,147		22,650,021
Security deposits-related parties	591,380
Long-term notes receivable - related parties			423,263
Operating lease right-of-use assets	17,155,584
Long-term investments	2,296,276
Intangible assets, net	186,687,950
Goodwill	406,703,348	[1]
Deferred tax assets	78,993		117,933
Other long-term assets	372,499		242,426
TOTAL ASSETS	802,843,794		82,476,407
CURRENT LIABILITIES:
Bank overdraft	14,952,510
Lines of credit	41,268,554		8,194,146
Accounts payable	39,689,911		17,474,206
Accounts payable - related parties	4,521,356		3,923,120
Accrued expenses and other payables	2,683,696		2,376,498
Current portion of long-term debt, net	2,726,981		1,455,441
Current portion of obligations under finance leases	280,243		164,894
Current portion of obligations under operating leases	4,322,503
TOTAL CURRENT LIABILITIES	110,445,754		33,588,305
Long-term debt, net	18,535,016		13,109,854
Obligations under finance leases, non-current	1,053,166		120,705
Obligations under operating leases, non-current	12,833,081
Deferred tax liabilities	52,320,045		1,196,061
TOTAL LIABILITIES	195,187,062		48,014,925
SHAREHOLDERS’ EQUITY:
Preferred Stock, $0.0001 par value, 1,000,000 shares authorized, no shares issued and outstanding as of December 31, 2019 and December 31, 2018, respectively
Common Stock, $0.0001 par value, 100,000,000 shares authorized, 53,050,211 shares issued, and 52,145,096 shares outstanding as of December 31, 2019, and 30,000,000 shares authorized, 22,167,486 shares issued and outstanding as of December 31, 2018	5,305		2,217
Treasury Stock, at cost, 905,115 shares as of December 31, 2019, and - 0 - shares at December 31, 2018	(12,038,030)
Additional paid-in capital	599,617,009		22,920,603
Retained earnings	15,823,661		10,433,984
Total shareholders’ equity attributable to HF Foods Group, Inc.	603,407,945		33,356,804
Noncontrolling interest	4,248,787		1,104,678
TOTAL SHAREHOLDERS’ EQUITY	607,656,732		34,461,482
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 802,843,794		$ 82,476,407

[1] There are no accumulated impairment losses.