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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash $ 17,477 $ 24,289
Accounts receivable, net 43,095 44,186
Accounts receivable - related parties 629 213
Inventories 110,469 120,291
Prepaid expenses and other current assets 7,699 8,937
TOTAL CURRENT ASSETS 179,369 197,916
Property and equipment, net 138,984 140,330
Operating lease right-of-use assets 13,278 14,164
Long-term investments 2,666 2,679
Customer relationships, net 155,106 157,748
Trademarks and other intangibles, net 34,914 36,343
Goodwill 85,118 85,118
Other long-term assets 3,944 3,231
TOTAL ASSETS 613,379 637,529
CURRENT LIABILITIES:    
Checks issued not presented for payment 14,094 21,946
Line of credit 44,456 53,056
Accounts payable 57,842 55,515
Accounts payable - related parties 753 1,529
Current portion of long-term debt, net 6,031 6,266
Current portion of obligations under finance leases 2,116 2,254
Current portion of obligations under operating leases 3,592 3,676
Accrued expenses and other liabilities 16,408 19,648
TOTAL CURRENT LIABILITIES 145,292 163,890
Long-term debt, net of current portion 114,047 115,443
Obligations under finance leases, non-current 11,576 11,441
Obligations under operating leases, non-current 9,793 10,591
Deferred tax liabilities 33,119 34,443
Other long-term liabilities 8,038 5,472
TOTAL LIABILITIES 321,865 341,280
COMMITMENTS AND CONTINGENCIES (Note 14)
SHAREHOLDERS’ EQUITY:    
Preferred Stock, $0.0001 par value, 1,000,000 shares authorized, no shares issued and outstanding as of March 31, 2023 and December 31, 2022 0 0
Common Stock, $0.0001 par value, 100,000,000 shares authorized, 53,844,492 shares issued and outstanding as of March 31, 2023 and 53,813,777 shares issued and outstanding as of December 31, 2022 5 5
Additional paid-in capital 599,384 598,322
Accumulated deficit (312,447) (306,514)
TOTAL SHAREHOLDERS’ EQUITY ATTRIBUTABLE TO HF FOODS GROUP INC. 286,942 291,813
Noncontrolling interests 4,572 4,436
TOTAL SHAREHOLDERS’ EQUITY 291,514 296,249
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 613,379 $ 637,529