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Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2024
Accounting Policies [Abstract]  
Schedule of Noncontrolling Interest
As of September 30, 2024 and December 31, 2023, noncontrolling interest equity consisted of the following:
($ in thousands)
Ownership of
noncontrolling interest at September 30, 2024
September 30, 2024December 31, 2023
HF Foods Industrial, LLC ("HFFI")(a)
N/A$— $(759)
Min Food, Inc.39.75%2,184 1,715 
Monterey Food Service, LLC35.00%366 366 
Total$2,550 $1,322 
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(a)During the nine months ended September 30, 2024, upon dissolution of HFFI, the Company assumed HFFI’s remaining assets and liabilities. In accordance with ASC Topic 810 (“ASC 810”), Consolidation, changes in a parent’s ownership interest while the parent retains its controlling financial interest in its subsidiary shall be accounted for as equity transactions. No gain or loss was recognized. As a result of this transaction, noncontrolling interest of $(0.8) million was reclassified to additional paid-in capital on the condensed consolidated balance sheets.