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Consolidated Balance Sheets - USD ($)
Dec. 31, 2020
Dec. 31, 2019
CURRENT ASSETS:    
Cash $ 9,580,853 $ 14,538,286
Accounts receivable, net 24,852,212 50,027,134
Accounts receivable - related parties, net 1,266,573 4,202,870
Inventories, net 58,535,040 77,531,854
Advances to suppliers - related parties 196,803 745,135
Other current assets 4,614,164 4,374,338
TOTAL CURRENT ASSETS 99,045,645 151,419,617
Property and equipment, net 136,869,085 37,538,147
Security deposits - related parties 0 591,380
Operating lease right-of-use assets 931,630 17,155,584
Long-term investments 2,377,164 2,296,276
Intangible assets, net 175,797,650 186,687,950
Goodwill 68,511,941 406,703,348
Deferred tax assets 57,478 78,993
Other long-term assets 694,490 372,499
TOTAL ASSETS 484,285,083 802,843,794
CURRENT LIABILITIES:    
Bank overdraft 14,839,747 14,952,510
Lines of credit 18,279,062 41,268,554
Accounts payable 28,391,136 39,689,911
Accounts payable - related parties 1,783,861 4,521,356
Current portion of long-term debt, net 5,641,259 2,726,981
Current portion of obligations under finance leases 286,903 280,243
Current portion of obligations under operating leases 308,148 4,322,503
Accrued expenses and other liabilities 6,178,144 2,610,538
TOTAL CURRENT LIABILITIES 76,701,776 110,445,754
Long-term debt, non-current 88,008,803 18,535,016
Promissory note payable - related party 7,000,000 0
Obligations under finance leases, non-current 766,885 1,053,166
Obligations under operating leases, non-current 623,482 12,833,081
Deferred tax liabilities 46,382,704 52,320,045
TOTAL LIABILITIES 219,483,650 195,187,062
SHAREHOLDERS’ EQUITY:    
Preferred stock, value 0 0
Common stock, value 5,191 5,305
Treasury stock, value 0 (12,038,030)
Additional paid-in capital 587,579,093 599,617,009
Retained earnings (accumulated deficit) (327,150,398) 15,823,661
TOTAL SHAREHOLDER'S EQUITY ATTRIBUTABLE TO HF FOODS GROUP INC. 260,433,886 603,407,945
Noncontrolling interest 4,367,547 4,248,787
TOTAL SHAREHOLDERS’ EQUITY 264,801,433 607,656,732
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 484,285,083 $ 802,843,794