2023 Q1 Form 10-Q Financial Statement

#000168087323000008 Filed on January 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q3 2021 Q4
Revenue $293.9M $300.7M $228.4M
YoY Change 5.62% 39.51% 55.91%
Cost Of Revenue $243.7M $249.2M $183.4M
YoY Change 7.12% 43.53% 51.55%
Gross Profit $50.17M $51.49M $45.04M
YoY Change -1.09% 22.86% 76.61%
Gross Profit Margin 17.07% 17.12% 19.72%
Selling, General & Admin $52.93M $54.59M $33.03M
YoY Change 30.99% 76.25% 24.16%
% of Gross Profit 105.5% 106.01% 73.33%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.689M $2.200M $5.501M
YoY Change 15.75% 48.97% 25.31%
% of Gross Profit 13.33% 4.27% 12.21%
Operating Expenses $52.93M $54.59M $33.03M
YoY Change 30.99% 76.25% 24.16%
Operating Profit -$2.757M -$3.096M $12.01M
YoY Change -126.72% -128.3% -1191.76%
Interest Expense $2.868M $2.274M -$1.882M
YoY Change 124.41% -449.02% 370.41%
% of Operating Profit -15.67%
Other Income/Expense, Net -$5.266M -$1.470M -$962.9K
YoY Change -13.32% 1473.99% -340.72%
Pretax Income -$8.023M -$4.566M $9.165M
YoY Change -289.04% -142.1% -933.17%
Income Tax -$2.226M -$672.0K -$118.8K
% Of Pretax Income -1.3%
Net Earnings -$5.933M -$3.864M $9.174M
YoY Change -290.53% -149.21% 473.36%
Net Earnings / Revenue -2.02% -1.28% 4.02%
Basic Earnings Per Share -$0.11 -$0.07
Diluted Earnings Per Share -$0.11 -$0.07 $0.17
COMMON SHARES
Basic Shares Outstanding 53.71M shares 53.80M shares 51.91M shares
Diluted Shares Outstanding 53.82M shares 53.80M shares

Balance Sheet

Concept 2023 Q1 2022 Q3 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.48M $17.81M $14.79M
YoY Change 6.4% 14.56% 54.08%
Cash & Equivalents $17.48M $17.81M $14.79M
Short-Term Investments
Other Short-Term Assets $7.699M $9.890M $5.559M
YoY Change -8.21% 274.59% 20.48%
Inventory $110.5M $132.5M $102.7M
Prepaid Expenses
Receivables $43.10M $44.28M $36.28M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $179.4M $204.9M $159.6M
YoY Change -2.42% 57.05% 61.11%
LONG-TERM ASSETS
Property, Plant & Equipment $152.3M $157.2M $157.6M
YoY Change -4.63% 8.96% 14.35%
Goodwill $85.10M $85.12M $80.26M
YoY Change 5.98% 24.24% 17.14%
Intangibles
YoY Change
Long-Term Investments $2.666M $2.632M $2.462M
YoY Change -0.71% 7.7% 3.57%
Other Assets $3.944M $2.623M $2.032M
YoY Change 123.96% 129.05% 192.59%
Total Long-Term Assets $434.0M $445.8M $437.4M
YoY Change -0.51% 16.07% 13.55%
TOTAL ASSETS
Total Short-Term Assets $179.4M $204.9M $159.6M
Total Long-Term Assets $434.0M $445.8M $437.4M
Total Assets $613.4M $650.7M $596.9M
YoY Change -1.08% 26.47% 23.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $57.84M $49.26M $57.75M
YoY Change 1.09% 17.16% 101.89%
Accrued Expenses $16.41M $15.72M $12.14M
YoY Change 6.84% 309.16% 96.47%
Deferred Revenue
YoY Change
Short-Term Debt $44.46M $71.33M $55.29M
YoY Change -35.05% 68.06% 67.05%
Long-Term Debt Due $6.031M $6.442M $5.557M
YoY Change 12.96% 13.47% -1.49%
Total Short-Term Liabilities $145.3M $168.9M $155.3M
YoY Change -15.45% 72.73% 102.43%
LONG-TERM LIABILITIES
Long-Term Debt $114.0M $117.0M $81.81M
YoY Change 42.11% 39.76% -7.04%
Other Long-Term Liabilities $8.038M $17.63M $9.251M
YoY Change -47.22% 777.03% 1441.83%
Total Long-Term Liabilities $122.1M $117.0M $81.81M
YoY Change 52.12% 39.76% -7.04%
TOTAL LIABILITIES
Total Short-Term Liabilities $145.3M $168.9M $155.3M
Total Long-Term Liabilities $122.1M $117.0M $81.81M
Total Liabilities $321.9M $350.8M $302.0M
YoY Change 0.29% 45.46% 37.61%
SHAREHOLDERS EQUITY
Retained Earnings -$312.4M -$302.5M -$306.3M
YoY Change 3.06% -3.73% -6.38%
Common Stock $5.000K $5.000K $5.000K
YoY Change 0.0% -3.68% -3.68%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $286.9M $295.3M $290.9M
YoY Change
Total Liabilities & Shareholders Equity $613.4M $650.7M $596.9M
YoY Change -1.08% 26.47% 23.28%

Cashflow Statement

Concept 2023 Q1 2022 Q3 2021 Q4
OPERATING ACTIVITIES
Net Income -$5.933M -$3.864M $9.174M
YoY Change -290.53% -149.21% 473.36%
Depreciation, Depletion And Amortization $6.689M $2.200M $5.501M
YoY Change 15.75% 48.97% 25.31%
Cash From Operating Activities $12.57M -$6.726M $7.351M
YoY Change 24.3% 116.13% -4183.63%
INVESTING ACTIVITIES
Capital Expenditures $629.0K $1.717M $684.1K
YoY Change -76.46% -300.3% -373.64%
Acquisitions
YoY Change
Other Investing Activities $0.00 $138.0K -$33.95M
YoY Change -100.0% 1587.04% -37826.61%
Cash From Investing Activities -$629.0K -$1.579M -$34.64M
YoY Change -96.84% 85.97% 21548.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.642M
YoY Change 11.32%
Cash From Financing Activities -$18.75M 7.293M 26.54M
YoY Change -263.74% 19.98% 3485.97%
NET CHANGE
Cash From Operating Activities $12.57M -6.726M 7.351M
Cash From Investing Activities -$629.0K -1.579M -34.64M
Cash From Financing Activities -$18.75M 7.293M 26.54M
Net Change In Cash -$6.812M -1.012M -751.3K
YoY Change -516.89% -147.79% -287.83%
FREE CASH FLOW
Cash From Operating Activities $12.57M -$6.726M $7.351M
Capital Expenditures $629.0K $1.717M $684.1K
Free Cash Flow $11.94M -$8.443M $6.666M
YoY Change 60.48% 274.45% 9423.46%

Facts In Submission

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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
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DerivativeLiabilitiesCurrent
300000 usd
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
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WeightedAverageNumberOfSharesOutstandingBasic
53798131 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51913411 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53716464 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51913411 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53798131 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51932712 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53981687 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51919932 shares
us-gaap Profit Loss
ProfitLoss
3740000 usd
us-gaap Profit Loss
ProfitLoss
12885000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
18245000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
14233000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
1327000 usd
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
33000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
226000 usd
CY2022Q1 us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-374000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-3391000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2126000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
317000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
67000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
147000 usd
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
849000 usd
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1371000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
673000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
375000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
144000 usd
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
120000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
2562000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
580000 usd
hffg Lease Guarantee Expense
LeaseGuaranteeExpense
5831000 usd
hffg Lease Guarantee Expense
LeaseGuaranteeExpense
0 usd
us-gaap Other Noncash Expense
OtherNoncashExpense
502000 usd
us-gaap Other Noncash Expense
OtherNoncashExpense
0 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8221000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
8861000 usd
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
178000 usd
us-gaap Increase Decrease In Accounts Receivable Related Parties
IncreaseDecreaseInAccountsReceivableRelatedParties
-296000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
15988000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
18704000 usd
hffg Increase Decrease In Advances To Suppliers Related Parties
IncreaseDecreaseInAdvancesToSuppliersRelatedParties
0 usd
hffg Increase Decrease In Advances To Suppliers Related Parties
IncreaseDecreaseInAdvancesToSuppliersRelatedParties
-197000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
3769000 usd
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-1974000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
593000 usd
us-gaap Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
451000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
8953000 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
14083000 usd
hffg Increase Decrease In Related Party Accounts Payable
IncreaseDecreaseInRelatedPartyAccountsPayable
-443000 usd
hffg Increase Decrease In Related Party Accounts Payable
IncreaseDecreaseInRelatedPartyAccountsPayable
644000 usd
hffg Increase Decrease In Operating And Finance Lease Liability
IncreaseDecreaseInOperatingAndFinanceLeaseLiability
-2530000 usd
hffg Increase Decrease In Operating And Finance Lease Liability
IncreaseDecreaseInOperatingAndFinanceLeaseLiability
-489000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3515000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1578000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6932000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
11333000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5745000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1521000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
7805000 usd
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
77000 usd
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
0 usd
us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
5000000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
34849000 usd
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
0 usd
us-gaap Payments To Acquire Business Two Net Of Cash Acquired
PaymentsToAcquireBusinessTwoNetOfCashAcquired
17445000 usd
us-gaap Payments To Acquire Business Two Net Of Cash Acquired
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0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-50234000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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hffg Checks Issued Not Presented For Payment
ChecksIssuedNotPresentedForPayment
682000 usd
hffg Checks Issued Not Presented For Payment
ChecksIssuedNotPresentedForPayment
4583000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
938251000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
582617000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
922080000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
577974000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
45956000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
9614000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
4544000 usd
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
556000 usd
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
0 usd
hffg Repayment Of Related Party Promissory Note Payable
RepaymentOfRelatedPartyPromissoryNotePayable
4500000 usd
hffg Repayment Of Related Party Promissory Note Payable
RepaymentOfRelatedPartyPromissoryNotePayable
2000000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1876000 usd
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
1577000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
240000 usd
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
180000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
187000 usd
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
212000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
46316000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
1073000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
3014000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
5962000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
14792000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
9581000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17806000 usd
CY2021Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15543000 usd
us-gaap Interest Paid Net
InterestPaidNet
3873000 usd
us-gaap Interest Paid Net
InterestPaidNet
2948000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8358000 usd
us-gaap Equity Method Investment Other Than Temporary Impairment
EquityMethodInvestmentOtherThanTemporaryImpairment
0 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5680000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
6815000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
2108000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
1272000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
8554000 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
0 usd
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
257000 usd
us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
566000 usd
us-gaap Noncash Or Part Noncash Acquisition Intangible Assets Acquired1
NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1
0 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
263522000 usd
CY2021Q1 us-gaap Profit Loss
ProfitLoss
1658000 usd
CY2021Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
73000 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
265107000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
3316000 usd
CY2021Q2 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
5000000 usd
CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
77000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
263346000 usd
CY2021Q3 us-gaap Profit Loss
ProfitLoss
7911000 usd
us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
180000 usd
CY2021Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
62000 usd
CY2021Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
375000 usd
CY2021Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
271750000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
294989000 usd
CY2022Q1 us-gaap Profit Loss
ProfitLoss
3140000 usd
CY2022Q1 us-gaap Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
806000 usd
CY2022Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
89000 usd
CY2022Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
290000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
299136000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
4494000 usd
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
97000 usd
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
221000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
303754000 usd
CY2022Q3 us-gaap Profit Loss
ProfitLoss
-3894000 usd
CY2022Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
162000 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
162000 usd
CY2022Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
299860000 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1 segment
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 segment
CY2022Q3 us-gaap Minority Interest
MinorityInterest
4587000 usd
CY2021Q4 us-gaap Minority Interest
MinorityInterest
4041000 usd
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Uses of Estimates</span></div><div style="margin-top:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of consolidated financial statements in conformity with 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’s consolidated financial statements include, but are not limited to, allowance for doubtful accounts, inventory reserves, useful lives of property and equipment, lease assumptions, impairment of long-lived assets, impairment of long-term investments, lease guarantee liability, impairment of goodwill, the purchase price allocation and fair value of assets and liabilities acquired with respect to business combinations, realization of deferred tax assets, uncertain income tax positions, the liability for self-insurance and stock-based compensation.</span></div>
hffg Variable Interest Entity Not Primary Beneficiary And Not Consolidate Number Of Entities
VariableInterestEntityNotPrimaryBeneficiaryAndNotConsolidateNumberOfEntities
3 entity
hffg Variable Interest Entity Primary Beneficiary And Consolidate Number Of Entities
VariableInterestEntityPrimaryBeneficiaryAndConsolidateNumberOfEntities
14 entity
CY2022Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
300711000 usd
CY2021Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
215542000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
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us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
568468000 usd
CY2022Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
45334000 usd
CY2021Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
37121000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1058000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
840000 usd
CY2022Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
44276000 usd
CY2021Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
36281000 usd
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
840000 usd
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
909000 usd
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
226000 usd
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
-374000 usd
hffg Accounts Receivable Allowance For Credit Loss Write Off Recovery
AccountsReceivableAllowanceForCreditLossWriteOffRecovery
8000 usd
hffg Accounts Receivable Allowance For Credit Loss Write Off Recovery
AccountsReceivableAllowanceForCreditLossWriteOffRecovery
186000 usd
CY2022Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
1058000 usd
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
349000 usd
CY2022Q3 us-gaap Equity Method Investments
EquityMethodInvestments
2632000 usd
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
2462000 usd
CY2022Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
185610000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Before Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetBeforeAccumulatedDepreciationAndAmortization
185316000 usd
CY2022Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
44310000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAccumulatedDepreciationAndAmortization
39408000 usd
CY2022Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
141300000 usd
CY2021Q4 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
145908000 usd
CY2022Q3 us-gaap Depreciation
Depreciation
2200000 usd
CY2021Q3 us-gaap Depreciation
Depreciation
2000000 usd
us-gaap Depreciation
Depreciation
6600000 usd
us-gaap Depreciation
Depreciation
6000000 usd
CY2021Q4 us-gaap Share Price
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7.36
CY2022Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
300712000 usd
CY2021Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
288157000 usd
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
910397000 usd
CY2022Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
2900000 usd
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
769881000 usd
CY2022Q3 hffg Business Acquisition Pro Forma Net Profit Loss
BusinessAcquisitionProFormaNetProfitLoss
-3364000 usd
CY2021Q3 hffg Business Acquisition Pro Forma Net Profit Loss
BusinessAcquisitionProFormaNetProfitLoss
13163000 usd
hffg Business Acquisition Pro Forma Net Profit Loss
BusinessAcquisitionProFormaNetProfitLoss
3316000 usd
hffg Business Acquisition Pro Forma Net Profit Loss
BusinessAcquisitionProFormaNetProfitLoss
20325000 usd
CY2022Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-3368000 usd
CY2021Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
12806000 usd
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
3389000 usd
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
19758000 usd
CY2021Q4 us-gaap Goodwill
Goodwill
80257000 usd
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
4861000 usd
CY2022Q3 us-gaap Goodwill
Goodwill
85118000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
233854000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
35691000 usd
CY2022Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
198163000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
218648000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
23596000 usd
CY2021Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
195052000 usd
CY2022Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
4100000 usd
CY2021Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2700000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
11700000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8200000 usd
CY2019Q3 hffg Number Of Mortgage Term Loans
NumberOfMortgageTermLoans
2 termloan
CY2019Q3 hffg Number Of Mortgage Term Loans
NumberOfMortgageTermLoans
2 termloan
CY2022Q3 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
600000 usd
CY2022Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
123744000 usd
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
87403000 usd
CY2022Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
312000 usd
CY2021Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
35000 usd
CY2022Q3 us-gaap Long Term Debt
LongTermDebt
123432000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
87368000 usd
CY2022Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
6442000 usd
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
5557000 usd
CY2022Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
116990000 usd
CY2021Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
81811000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
3536 shares
CY2021Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2022Q3 us-gaap Net Income Loss
NetIncomeLoss
-3864000 usd
CY2021Q3 us-gaap Net Income Loss
NetIncomeLoss
7554000 usd
us-gaap Net Income Loss
NetIncomeLoss
3814000 usd
us-gaap Net Income Loss
NetIncomeLoss
12319000 usd
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53798131 shares
CY2021Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51913411 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
53716464 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
51913411 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
19301 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
265223 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
6521 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53798131 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51919932 shares
CY2021Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
51932712 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
53981687 shares
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2021Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.15
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.07
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.24
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.07
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.07
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.24
CY2022Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.147
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.290
CY2021Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.253
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.269
CY2022Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
4291000 usd
CY2021Q3 us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
6622000 usd
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
16173000 usd
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
18453000 usd
CY2022Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
1782000 usd
CY2021Q3 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
2363000 usd
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
5350000 usd
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
7839000 usd
CY2022Q3 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
428000 usd
CY2021Q4 us-gaap Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
249000 usd
CY2022Q3 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
1498000 usd
CY2021Q4 us-gaap Accounts Payable Related Parties Current
AccountsPayableRelatedPartiesCurrent
1941000 usd
CY2021Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
3000000 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
2224017 shares
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
200000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
700000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
400000 usd
CY2021Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
400000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y7M6D
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
127000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
543000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
582000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
604000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
621000 usd
CY2022Q3 hffg Lessee Operating Lease Liability Payments Due After Year Four
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFour
5116000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
7593000 usd
CY2022Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
1771000 usd
CY2022Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
5822000 usd

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