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Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net Revenue $ 74,718,206 $ 72,287,515 $ 149,519,228 $ 146,868,286
Cost of revenue 62,206,053 60,163,782 124,300,219 122,640,487
GROSS PROFIT 12,512,153 12,123,733 25,219,009 24,227,799
DISTRIBUTION, SELLING AND ADMINISTRATIVE EXPENSES 11,094,041 11,267,770 21,459,213 21,340,382
INCOME FROM OPERATIONS 1,418,112 855,963 3,759,796 2,887,417
Other Income (Expenses)        
Interest income 152,518 6,875 304,467 13,750
Interest expense and bank charges (388,160) (349,150) (725,118) (754,713)
Other income 338,995 290,142 623,530 547,332
Total Other Income (Expenses), net 103,353 (52,133) 202,879 (193,631)
INCOME BEFORE INCOME TAX PROVISION 1,521,465 803,830 3,962,675 2,693,786
PROVISION FOR INCOME TAXES 460,751 198,579 1,108,390 702,060
NET INCOME 1,060,714 605,251 2,854,285 1,991,726
Less: net income (loss) attributable to noncontrolling interest 37,819 (419,980) 158,577 (381,455)
NET INCOME ATTRIBUTABLE TO HF FOODS GROUP INC. $ 1,022,895 $ 1,025,231 $ 2,695,708 $ 2,373,181
Earnings per common share - basic and diluted (in dollars per share) $ 0.05 $ 0.05 $ 0.12 $ 0.12
Weighted average shares - basic and diluted (in shares) 22,167,486 19,969,831 22,167,486 19,969,831
Third Parties [Member]        
Net Revenue $ 70,648,233 $ 68,055,945 $ 140,952,144 $ 137,931,855
Cost of revenue 58,310,424 56,034,520 116,035,779 113,901,064
Related Parties [Member]        
Net Revenue 4,069,973 4,231,570 8,567,084 8,936,431
Cost of revenue $ 3,895,629 $ 4,129,262 $ 8,264,440 $ 8,739,423