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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash $ 15,650 $ 14,467
Inventories 127,240 97,783
Prepaid expenses and other current assets 6,784 11,507
TOTAL CURRENT ASSETS 202,166 178,103
Property and equipment, net 158,011 149,572
Operating lease right-of-use assets 27,998 13,944
Long-term investments 2,239 2,350
Customer relationships, net 131,332 136,615
Trademarks, trade names and other intangibles, net 28,060 24,911
Goodwill 38,815 38,815
Other long-term assets 4,916 5,681
TOTAL ASSETS 593,537 549,991
CURRENT LIABILITIES:    
Checks issued not presented for payment 6,989 5,687
Line of credit 60,815 57,483
Current portion of long-term debt, net 5,410 5,410
Current portion of obligations under finance leases 6,405 3,797
Current portion of obligations under operating leases 4,253 4,177
Accrued expenses and other liabilities 17,576 18,001
TOTAL CURRENT LIABILITIES 169,699 145,199
Long-term debt, net of current portion 100,614 103,324
Obligations under finance leases, non-current 27,847 19,929
Obligations under operating leases, non-current 24,856 10,125
Deferred tax liabilities 27,425 29,392
Other long-term liabilities 1,979 728
TOTAL LIABILITIES 352,420 308,697
COMMITMENTS AND CONTINGENCIES (Note 14)
SHAREHOLDERS’ EQUITY:    
Preferred Stock, $0.001 par value; 1,000,000 shares authorized; no shares issued and outstanding 0 0
Common Stock, $0.0001 par value; 100,000,000 shares authorized; 55,012,128 and 54,735,073 shares issued and 53,014,705 and 52,737,650 shares outstanding as of June 30, 2025 and December 31, 2024, respectively 5 5
Treasury stock, at cost; 1,997,423 shares as of June 30, 2025 and December 31, 2024 (7,750) (7,750)
Additional paid-in capital 605,078 604,235
Accumulated deficit (357,628) (357,199)
TOTAL SHAREHOLDERS’ EQUITY ATTRIBUTABLE TO HF FOODS GROUP INC. 239,705 239,291
Noncontrolling interests 1,412 2,003
TOTAL SHAREHOLDERS’ EQUITY 241,117 241,294
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 593,537 549,991
Series A Preferred Stock    
SHAREHOLDERS’ EQUITY:    
Preferred Stock, $0.001 par value; 1,000,000 shares authorized; no shares issued and outstanding 0 0
Third parties    
CURRENT ASSETS:    
Accounts receivable, net of allowances of $2,174 and $1,557 52,083 54,107
CURRENT LIABILITIES:    
Accounts payable 68,011 50,592
Related parties    
CURRENT ASSETS:    
Accounts receivable, net of allowances of $2,174 and $1,557 409 239
CURRENT LIABILITIES:    
Accounts payable $ 240 $ 52