Hf foods group inc. (HFFG)
Balance Sheet / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Dec'16
CURRENT ASSETS:
Cash

12,690

14,538

6,803

6,941

6,897

5,489

7,790

-

-

6,086

-

-

-

Accounts receivable, net

26,210

50,027

13,089

13,687

15,376

14,406

12,836

-

-

14,700

-

-

-

Accounts receivable - related parties, net

5,987

4,202

2,677

2,690

2,145

2,292

1,572

-

-

1,586

-

-

-

Inventories, net

75,704

77,531

29,826

26,122

23,677

22,175

24,124

-

-

22,669

-

-

-

Advances to suppliers, net

-

-

647

396

217

-

1,258

-

-

1,042

-

-

-

Advances to suppliers - related parties, net

864

745

990

1,229

1,161

1,526

674

-

-

3,248

-

-

-

Notes receivable

-

-

-

718

733

3,803

3,323

-

-

-

-

-

-

Notes receivable - related parties, current

-

-

-

979

952

8,117

38

-

-

-

-

-

-

Income Tax Recoverable

-

-

448

637

-

-

-

-

-

-

-

-

-

Other current assets

3,872

4,374

1,229

950

681

1,230

1,150

-

-

554

-

-

-

Cash

-

-

-

-

-

-

-

359

444

-

694

38

44

Prepaid expenses

-

-

-

-

-

-

-

28

59

-

10

-

0

Cash and investments held in trust account

-

-

-

-

-

-

-

45,593

-

-

-

-

-

Deferred offering costs

-

-

-

-

-

-

-

-

-

-

0

160

154

TOTAL CURRENT ASSETS

125,329

151,419

55,712

54,355

51,842

59,042

52,769

45,981

504

49,888

705

-

199

Property and equipment, net

139,941

37,538

27,096

27,617

24,582

22,650

22,324

-

-

21,709

-

-

-

Security deposits-related parties

-

591

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

-

-

81

85

90

-

-

-

-

-

-

-

-

Long-term notes receivable

-

-

-

3,078

3,179

-

0

-

-

764

-

-

-

Long-term notes receivable - related parties

-

-

-

7,419

7,692

423

8,494

-

-

6,860

-

-

-

Operating lease right-of-use assets

883

17,155

75

85

95

-

-

-

-

-

-

-

-

Long-term investments

2,331

2,296

-

-

-

-

-

-

-

-

-

-

-

Intangible assets, net

183,965

186,687

-

-

-

-

-

-

-

-

-

-

-

Goodwill

68,511

406,703

-

-

-

-

-

-

-

-

-

-

-

Deferred tax assets

69

78

-

-

-

117

-

-

-

-

-

-

-

Other long-term assets

379

372

141

206

198

242

171

-

-

1,435

-

-

-

Cash and investments held in trust account

-

-

-

-

-

-

-

0

45,418

-

45,185

-

0

TOTAL ASSETS

521,412

802,843

83,106

92,848

87,681

82,476

83,759

45,981

45,922

80,657

45,890

199

199

CURRENT LIABILITIES:
Bank overdraft

13,474

14,952

-

-

-

-

-

-

-

-

-

-

-

Lines of credit

43,101

41,268

11,864

11,364

7,094

8,194

12,494

-

-

11,894

-

-

-

Accounts payable

32,456

39,689

18,728

19,617

19,740

17,474

17,371

3

30

17,275

35

0

0

Accounts payable - related parties

3,738

4,521

4,279

3,453

2,823

3,923

3,147

-

-

4,075

-

-

-

Advance from customers

-

-

758

408

47

-

423

-

-

49

-

-

-

Advances from customers - related parties

213

-

-

-

119

2,376

349

-

-

1,350

-

-

-

Current portion of long-term debt, net

6,941

2,726

1,650

-

-

1,455

-

-

-

-

-

-

-

Current portion of long-term debt, net

-

-

-

1,757

1,706

-

1,339

-

-

1,372

-

-

-

Current portion of obligations under finance leases

288

280

262

262

262

164

-

-

-

-

-

-

-

Current portion of obligations under operating leases

333

4,322

40

40

39

-

-

-

-

-

-

-

-

Current portion of obligations under capital leases

-

-

-

-

-

-

232

-

-

434

-

-

-

Income tax payable

-

-

13

12

296

-

0

-

-

512

-

-

-

Dividend payable

-

-

-

-

-

-

0

-

-

1,000

-

-

-

Accrued expenses and other liabilities

2,960

2,683

991

2,255

2,273

-

2,881

-

-

991

-

-

-

Accrued taxes

-

-

-

-

-

-

-

59

21

-

21

-

0

Deferred underwriting compensation

-

-

-

-

-

-

-

1,106

1,106

-

-

-

-

Note payable to related parties

-

-

-

-

-

-

-

-

-

-

0

175

175

TOTAL CURRENT LIABILITIES

103,507

110,445

38,589

39,171

34,404

33,588

38,240

1,168

1,157

38,955

56

-

175

Long-term debt, net

90,151

18,535

15,409

14,132

14,408

13,109

13,381

-

-

14,249

-

-

-

Promissory note payable - related party

7,000

-

-

-

-

-

-

-

-

-

-

-

-

Obligations under finance leases, non-current

979

1,053

1,139

1,207

1,272

120

-

-

-

-

-

-

-

Obligations under operating leases, non-current

550

12,833

35

45

56

-

-

-

-

-

-

-

-

Deferred tax liabilities

51,378

52,320

-

-

-

1,196

-

-

-

-

-

-

-

Obligations under capital leases, non-current

-

-

-

-

-

-

0

-

-

118

-

-

-

Deferred tax liabilities

-

-

1,306

1,065

1,284

-

267

-

-

436

-

-

-

Deferred underwriting compensation

-

-

-

-

-

-

-

0

0

-

1,106

-

0

TOTAL LIABILITIES

253,567

195,187

56,480

55,623

51,426

48,014

51,889

1,168

1,157

53,759

1,162

175

175

COMMITMENTS AND CONTINGENCIES

-

-

-

-

-

-

0

0

-

-

0

0

0

SHAREHOLDERS’ EQUITY:
Common stocks subject to possible conversion; 3,869,439 and 3,884,660 shares as of June 30, 2018 and December 31, 2017, respectively (at conversion value of $10.2890 and $10.2414 per share, respectively)

-

-

-

-

-

-

-

39,812

39,765

-

39,728

-

0

Preferred Stock, $0.0001 par value, 1,000,000 shares authorized , no shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively

-

-

-

-

-

-

-

0

0

-

0

0

0

Common Stock, $0.0001 par value, 100,000,000 shares authorized, 53,050,211 shares issued, and 52,145,096 shares outstanding as of March 31, 2020 and December 31, 2019, respectively

5

5

2

2

2

2

2

0

0

1

0

0

0

Treasury Stock, at cost, 905,115 shares as of March 31, 2020 and December 31, 2019, respectively

12,038

12,038

0

-

-

-

-

-

-

-

-

-

-

Additional paid-in capital

599,617

599,617

10,882

22,920

22,920

22,920

22,920

-

-

21,549

-

-

-

Additional paid- in capital

-

-

-

-

-

-

-

4,917

4,964

-

5,001

24

24

Retained earnings (accumulated deficit)

-324,060

15,823

14,477

13,129

12,106

10,433

8,187

82

35

4,255

-1

-0

-0

Total shareholders’ equity attributable to HF Foods Group, Inc.

263,524

603,407

25,362

36,052

35,029

33,356

31,110

5,000

5,000

25,806

5,000

24

24

Noncontrolling interest

4,321

4,248

1,264

1,173

1,225

1,104

759

-

-

1,091

-

-

-

TOTAL SHAREHOLDERS’ EQUITY

267,845

607,656

26,626

37,225

36,255

34,461

31,870

-

-

26,898

-

-

-

TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

521,412

802,843

83,106

92,848

87,681

82,476

83,759

45,981

45,922

80,657

45,890

199

199