$HFFG
HF Foods Group Inc.

2019 Q3 Form 10-Q Financial Statement

#000143774919016813 Filed on August 14, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2019 Q2 2018 Q2
Revenue $75.70M $74.72M $72.29M
YoY Change 7.58% 3.36%
Cost Of Revenue $63.51M $62.21M $60.16M
YoY Change 9.87% 3.39%
Gross Profit $12.19M $12.51M $12.12M
YoY Change -2.95% 3.2%
Gross Profit Margin 16.11% 16.75% 16.77%
Selling, General & Admin $9.970M $11.09M $11.27M
YoY Change -4.0% -1.54%
% of Gross Profit 81.77% 88.67% 92.94%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $731.7K $721.4K $545.6K
YoY Change 36.15% 32.23%
% of Gross Profit 6.0% 5.77% 4.5%
Operating Expenses $9.970M $11.09M $11.27M
YoY Change -4.0% -1.54%
Operating Profit $2.222M $1.418M $856.0K
YoY Change 2.08% 65.67%
Interest Expense -$400.0K -$200.0K
YoY Change -500.0%
% of Operating Profit -18.0% -14.1%
Other Income/Expense, Net -$86.55K $103.4K -$52.13K
YoY Change -119.96% -298.25%
Pretax Income $2.136M $1.521M $803.8K
YoY Change -18.19% 89.28%
Income Tax $607.1K $460.8K $198.6K
% Of Pretax Income 28.43% 30.28% 24.7%
Net Earnings $1.348M $1.023M $1.025M
YoY Change -19.17% -0.23%
Net Earnings / Revenue 1.78% 1.37% 1.42%
Basic Earnings Per Share
Diluted Earnings Per Share $67.26K $49.55K $50.00K
COMMON SHARES
Basic Shares Outstanding 22.35M 22.17M
Diluted Shares Outstanding

Balance Sheet

Concept 2019 Q3 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $6.800M $6.900M $400.0K
YoY Change -12.82% 1625.0%
Cash & Equivalents $6.803M $6.942M $5.160M
Short-Term Investments
Other Short-Term Assets $1.229M $950.5K $45.60M
YoY Change -60.34% -97.92% 22700.0%
Inventory $29.83M $26.12M
Prepaid Expenses
Receivables $13.09M $13.69M
Other Receivables $400.0K $2.300M
Total Short-Term Assets $55.71M $54.36M $46.00M
YoY Change 5.52% 18.16% 22900.0%
LONG-TERM ASSETS
Property, Plant & Equipment $27.10M $27.62M
YoY Change 19.63%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $142.0K $206.7K $0.00
YoY Change -29.02%
Total Long-Term Assets $27.39M $38.49M $0.00
YoY Change -11.63%
TOTAL ASSETS
Total Short-Term Assets $55.71M $54.36M $46.00M
Total Long-Term Assets $27.39M $38.49M $0.00
Total Assets $83.11M $92.85M $46.00M
YoY Change -0.83% 101.85% 22900.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $18.73M $19.62M $0.00
YoY Change -8.64%
Accrued Expenses $991.3K $2.255M $1.100M
YoY Change -65.82% 105.02%
Deferred Revenue $0.00
YoY Change
Short-Term Debt $11.90M $11.40M $0.00
YoY Change -4.8% -100.0%
Long-Term Debt Due $1.651M $1.757M
YoY Change 3.18%
Total Short-Term Liabilities $38.59M $39.17M $1.200M
YoY Change 1.02% 3164.33% 500.0%
LONG-TERM LIABILITIES
Long-Term Debt $15.41M $14.13M $0.00
YoY Change 15.0%
Other Long-Term Liabilities $0.00 $0.00 $0.00
YoY Change
Total Long-Term Liabilities $15.41M $14.13M $0.00
YoY Change 15.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $38.59M $39.17M $1.200M
Total Long-Term Liabilities $15.41M $14.13M $0.00
Total Liabilities $56.48M $55.62M $1.200M
YoY Change 7.38% 4535.27% 500.0%
SHAREHOLDERS EQUITY
Retained Earnings $14.48M $13.13M
YoY Change
Common Stock $2.236K $2.217K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $91.00
YoY Change
Treasury Stock Shares
Shareholders Equity $25.36M $36.05M $44.80M
YoY Change
Total Liabilities & Shareholders Equity $83.11M $92.85M $46.00M
YoY Change -0.83% 101.85% 22900.0%

Cashflow Statement

Concept 2019 Q3 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $1.348M $1.023M $1.025M
YoY Change -19.17% -0.23%
Depreciation, Depletion And Amortization $731.7K $721.4K $545.6K
YoY Change 36.15% 32.23%
Cash From Operating Activities -$1.630M -$450.0K -$3.840M
YoY Change -118.69% -88.28%
INVESTING ACTIVITIES
Capital Expenditures -$220.0K -$3.820M
YoY Change -89.95%
Acquisitions
YoY Change
Other Investing Activities $200.0K $420.0K $1.150M
YoY Change -107.04% -63.48%
Cash From Investing Activities -$30.00K -$3.390M $2.500M
YoY Change -99.4% -235.6%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.510M 3.890M 1.360M
YoY Change -184.83% 186.03%
NET CHANGE
Cash From Operating Activities -1.630M -450.0K -3.840M
Cash From Investing Activities -30.00K -3.390M 2.500M
Cash From Financing Activities 1.510M 3.890M 1.360M
Net Change In Cash -150.0K 50.00K 20.00K
YoY Change -107.89% 150.0%
FREE CASH FLOW
Cash From Operating Activities -$1.630M -$450.0K -$3.840M
Capital Expenditures -$220.0K -$3.820M
Free Cash Flow -$1.410M $3.370M
YoY Change -112.92%

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<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-style: italic;"><div style="display: inline; font-weight: bold;">Concentrations and credit risk</div></div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-style: italic;"><div style="display: inline; font-weight: bold;">&nbsp;</div></div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-style: italic;">Credit risk</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-style: italic;">&nbsp;</div></div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">Accounts receivable are typically unsecured and derived from revenue earned from customers, thereby exposed to credit risk. The risk is mitigated by the Company&#x2019;s assessment of its customers&#x2019; creditworthiness and its ongoing monitoring of outstanding balances.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-style: italic;">Concentration risk</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-style: italic;">&nbsp;</div></div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">There were <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> receivables from any <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">one</div> customer representing more than <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10%</div> of the Company&#x2019;s consolidated gross accounts receivable at <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> June 30, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2018.</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">For the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">six</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> June 30, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> supplier accounted for more than <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10%</div> of the total cost of revenue. As of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> June 30, 2019, </div><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> suppliers accounted for <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">42%,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">22%</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">12%</div> of total advance payments outstanding, respectively, and these <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> suppliers accounted for <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">56%,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">28%</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">16%</div> of advance payments to related parties, respectively. As of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2018, </div><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> suppliers accounted for <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">55%,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">18%</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">12%</div> of total advance payments outstanding, respectively, and these <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> suppliers accounted for <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">65%,</div> <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">22%</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14%</div> of advance payments to related parties, respectively.</div></div></div></div></div></div></div>
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CY2018Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
CY2019Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
45627
CY2018Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
CY2019Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
127508
us-gaap Operating Lease Payments
OperatingLeasePayments
292260
CY2018Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0
CY2019Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
855963
us-gaap Operating Income Loss
OperatingIncomeLoss
3759796
us-gaap Operating Income Loss
OperatingIncomeLoss
2887417
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
127508
CY2019Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
85783
CY2018Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
CY2019Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.051
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y120D
us-gaap Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
us-gaap Origination Of Notes Receivable From Related Parties
OriginationOfNotesReceivableFromRelatedParties
1121598
CY2019Q2 us-gaap Other Assets Current
OtherAssetsCurrent
950470
CY2018Q4 us-gaap Other Assets Current
OtherAssetsCurrent
950703
CY2019Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
206663
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
242426
CY2019Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
338995
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
290142
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
623530
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
547332
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
90000
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
1101445
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
108750
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
1778855
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5156772
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2069380
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
173806
us-gaap Payments To Fund Longterm Loans To Related Parties
PaymentsToFundLongtermLoansToRelatedParties
CY2019Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2018Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.0001
CY2018Q4 us-gaap Preferred Stock Shares Outstanding
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0
CY2019Q2 us-gaap Preferred Stock Value
PreferredStockValue
CY2018Q4 us-gaap Preferred Stock Value
PreferredStockValue
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
115305
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1365474
us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
316023
us-gaap Proceeds From Payments For Long Term Loans For Related Parties
ProceedsFromPaymentsForLongTermLoansForRelatedParties
-322971
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
14264481
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
2600000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
233699
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
CY2019Q2 us-gaap Profit Loss
ProfitLoss
1060714
CY2018Q2 us-gaap Profit Loss
ProfitLoss
605251
CY2019Q1 us-gaap Profit Loss
ProfitLoss
1793572
CY2018Q1 us-gaap Profit Loss
ProfitLoss
1386475
CY2019Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
45076400
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
40820575
CY2019Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
27617543
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
22650021
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-73187
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
42809
us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
17486091
us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
13010492
CY2019Q2 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
8553875
CY2018Q2 us-gaap Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
5875732
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
10294146
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
2400000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1101973
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1988287
CY2019Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
13129692
CY2018Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
10433984
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
74718206
CY2018Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
72287515
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
149519228
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
146868286
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
11267770
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
21459213
CY2019Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
74718206
CY2018Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
72287515
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
149519228
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
146868286
CY2019Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
CY2018Q2 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1432662
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
CY2018Q3 us-gaap Stock Issued During Period Shares Restricted Stock Award Gross
StockIssuedDuringPeriodSharesRestrictedStockAwardGross
10000
CY2019Q2 us-gaap Stockholders Equity
StockholdersEquity
36052512
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
21340382
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
33356804
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
34461482
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
36255054
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
37225766
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
26898112
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
28014587
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
28349838
CY2019Q2 us-gaap Supplies
Supplies
396929
CY2018Q4 us-gaap Supplies
Supplies
280267
CY2019Q2 us-gaap Taxes Payable Current
TaxesPayableCurrent
12836
CY2018Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
CY2019Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2018Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
us-gaap Use Of Estimates
UseOfEstimates
<div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;"><div style="display: inline; font-style: italic;"><div style="display: inline; font-weight: bold;">Uses of estimates</div></div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-style: italic;"><div style="display: inline; font-weight: bold;">&nbsp;</div></div></div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: justify;">The preparation of consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenue and expenses during each reporting period. Actual results could differ from those estimates. Significant accounting estimates reflected in the Company&#x2019;s consolidated financial statements include the allowances for doubtful accounts, estimated useful lives and fair value in connection with the impairment of property and equipment. Actual results could differ from these estimates.</div></div></div></div></div></div></div>
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22167486
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
19969831
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
22167486
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
19969831

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