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Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

NOTE

ORGANIZATION AND BUSINESS DESCRIPTION

Organization and General

HF Foods Group Inc. (“HF Foods”, or the “Company”) markets and distributes fresh produces, frozen and dry food, and non-food products to primarily Asian/Chinese restaurants and other foodservice customers throughout the Southeast region of the United States.

The Company was originally incorporated in Delaware on

May 19, 2016

as a special purpose acquisition company under the name Atlantic Acquisition Corp. (“Atlantic”), in order to acquire, through a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with

one

or more businesses or entities.

Business

ombination

Effective

August 22, 2018,

Atlantic consummated the transactions contemplated by a merger agreement (the “Merger Agreement”), dated as of

March 28, 2018,

by and among Atlantic, HF Group Merger Sub Inc., a Delaware subsidiary formed by Atlantic, HF Group Holding Corporation, a North Carolina corporation (“HF Holding”), the stockholders of HF Holding, and Zhou Min Ni, as representative of the stockholders of HF Holding. Pursuant to the Merger Agreement, HF Holding merged with HF Merger Sub and HF Holding became the surviving entity (the “Merger”) and a wholly-owned subsidiary of Atlantic (the “Acquisition”). Additionally, upon the closing of the transactions contemplated by the Merger Agreement (the “Closing”), (i) the stockholders of HF Holding became the holders of a majority of the shares of common stock of Atlantic, and (ii) Atlantic changed its name to HF Foods Group Inc. (Collectively, these transactions are referred to as the “Transactions”).

At closing on

August 22, 2018,

Atlantic issued the HF Holding stockholders an aggregate of

19,969,831

shares of its common stock, equal to approximately

88.5%

of the aggregate issued and outstanding shares of Atlantic’s common stock. The pre-Transaction stockholders of Atlantic owned the remaining

11.5%

of the issued and outstanding shares of common stock of the combined entities.

Following the consummation of the Transactions on

August 22, 2018,

there were

22,167,486

shares of common stock issued and outstanding, consisting of (i)

19,969,831

shares issued to HF Holding’s stockholders pursuant to the Merger Agreement, (ii)

400,000

shares redeemed by

one

of Atlantic’s shareholders in conjunction with the Transactions, (iii)

10,000

restricted shares issued to

one

of Atlantic’s shareholders in conjunction with the Transactions, and (iv)

2,587,655

shares originally issued to the pre-Transaction stockholders of Atlantic.

The Acquisition is treated by Atlantic as a reverse business combination under the acquisition method of accounting in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). For accounting purposes, HF Holding is considered to be acquiring Atlantic in this transaction. Therefore, the aggregate consideration paid in connection with the business combination will be allocated to Atlantic’s tangible and intangible assets and liabilities based on their fair market values. The assets and liabilities and results of operations of Atlantic will be consolidated into the results of operations of HF Holding as of the completion of the business combination.

Reorganization of HF Group

HF Holding was incorporated in the State of North Carolina on

October 11, 2017.

Effective

January 1, 2018,

HF Holding entered into a Contribution Agreement (the “Agreement”) whereby the controlling shareholders of the following

entities contributed their respective stocks to HF Holding in exchange for all of HF Holding’s outstanding shares. Upon completion of the share exchanges, these entities became either wholly-owned or majority-owned subsidiaries of HF Holding (hereafter collectively referred to as “HF Group”).

●

Han Feng, Inc. (“Han Feng”)

●

Truse Trucking, Inc. (“TT”)

●

Morning First Delivery, Inc. (“MFD”)

●

R&N Holdings, LLC (“R&N Holdings”)

●

R&N Lexington, LLC (“R&N Lexington”)

●

Kirnsway Manufacturing Inc. (“Kirnsway”)

●

Chinesetg, Inc. (“Chinesetg”)

●

New Southern Food Distributors, Inc. (“NSF”)

●

B&B Trucking Services, Inc. (“BB”)

●

Kirnland Food Distribution, Inc. (“Kirnland”)

●

HG Realty LLC (“HG Realty”)

In accordance with Accounting Standards Codification (“ASC”)

805

25,

the transaction consummated through the Agreement has been accounted for as a transaction among entities under common control since the same shareholders control all these

entities prior to the execution of the Agreement. The consolidated financial statements of the Company have been prepared to report results of operations for the period in which the transfer occurred as though the transfer of net assets or exchange of equity interests had occurred at the beginning of the period presented, in this case

January 1, 2017.

Results of operations for the period presented comprise those of the previously separate entities combined from the beginning of the period to the end of the period. By eliminating the effects of intra-entity transactions in determining the results of operations for the period before the combination, those results will be on substantially the same basis as the results of operations for the period after the date of combination. The effects of intra-entity transactions on current assets, current liabilities, revenue, and cost of sales for periods presented and on retained earnings at the beginning of the periods presented are eliminated to the extent possible. Furthermore, ASC

805

indicates that the financial statements and financial information presented for prior years also shall be retrospectively adjusted to furnish comparative information.

In accordance with ASC

805

when accounting for a transfer of assets or exchange of shares between entities under common control, the entity that receives the net assets or the equity interests should initially recognize the assets and liabilities transferred at their carrying amounts in the accounts of the transferring entity at the date of the transfer. If the carrying amounts of the assets and liabilities transferred differ from the historical cost of the parent of the entities under common control, then the financial statements of the receiving entity should reflect the transferred assets and liabilities at the historical cost of the parent of the entities under common control. Accordingly, the Company has recorded the assets and liabilities transferred from the above entities at their carrying amount.

The following table summarizes the entities under HF Group after the above-mentioned reorganization:

Name	Date of incorporation	State of incorporation	Percentage of legal ownership by HF Holding	Principal activities
Parent:
HF Holding	October 11, 2017	North Carolina	—	Holding Company
Subsidiaries:
Han Feng	January 14, 1997	North Carolina	100%	Distributing food and related products
TT	August 6, 2002	North Carolina	100%	Trucking service
MFD	April 15, 1999	North Carolina	100%	Trucking service
R&N Holdings	November 21, 2002	North Carolina	100%	Real estate holding
R&N Lexington	May 27, 2010	North Carolina	100%	Real estate holding
Kirnsway	May 24, 2006	North Carolina	100%	Design and printing services
Chinesetg	July 12, 2011	North Carolina	100%	Design and printing services
NSF	December 17, 2008	Florida	100%	Distributing food and related products
BB	September 12, 2001	Florida	100%	Trucking service
Kirnland	April 11, 2006	Georgia	66.7%	Distributing food and related products
HG Realty	May 11, 2012	Georgia	100%	Real estate holding

June 5, 2018,

AnHeart Inc. (“AnHeart”) was incorporated and

100%

owned by HF Holding. On

February 23, 2019,

the Company transferred all of its ownership interest in AnHeart to Jianping An, a resident of New York. AnHeart had

activities since inception other than being formed solely to enter into lease agreements for

two

premises in New York City, NY (Note

Note 2 - Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2018

Significant Accounting Policies [Text Block]

NOTE

- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation and Principles of Consolidation

The accompanying consolidated financial statements have been prepared in accordance with U.S. GAAP. The consolidated financial statements include the financial statements of HF Foods and its subsidiaries. All inter-company balances and transactions have been eliminated upon consolidation.

Noncontrolling

nterests

U.S. GAAP requires that noncontrolling interests in subsidiaries and affiliates be reported in the equity section of a company’s balance sheet. In addition, the amounts attributable to the net income (loss) of those subsidiaries are reported separately in the consolidated statements of income.

Uses of

stimates

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’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.

Cash and Cash Equivalents

The Company considers all highly liquid investments purchased with a maturity of

three

or fewer months to be cash equivalents. As of

December 31, 2018

and

2017,

the Company had

cash equivalents.

Accounts Receivable

Accounts receivable represent amounts due from customers in the ordinary course of business and are recorded at the invoiced amount and do

not

bear interest. Receivables are presented net of the allowance for doubtful accounts in the accompanying unaudited condensed consolidated balance sheets. The Company evaluates the collectability of its accounts receivable and determines the appropriate allowance for doubtful accounts based on a combination of factors. When the Company is aware of a customer’s inability to meet its financial obligation, a specific allowance for doubtful accounts is recorded, reducing the receivable to the net amount the Company reasonably expects to collect. In addition, allowances are recorded for all other receivables based on historic collection trends, write-offs and the aging of receivables. The Company uses specific criteria to determine uncollectible receivables to be written off, including bankruptcy, accounts referred to outside parties for collection, and accounts past due over specified periods. As of

December 31, 2018

and

2017,

the allowances for doubtful accounts were

$658,104

and

$567,108,

respectively.

Inventories

The Company’s inventories, consisting mainly of food and other food service-related products, are primarily considered as finished goods. Inventory costs, including the purchase price of the product and freight charges to deliver it to the Company’s warehouses, are net of certain cash or non-cash consideration received from vendors. The Company assesses the need for valuation allowances for slow-moving, excess and obsolete inventories by estimating the net recoverable value of such goods based upon inventory category, inventory age, specifically identified items, and overall economic conditions. Inventories are stated at the lower of cost or net realizable value using the

first

-in,

first

-out (FIFO) method.

inventory reserves were recorded for the years ended

December 31, 2018

and

2017.

Property and Equipment

Property and equipment are stated at cost, less accumulated depreciation and amortization. Depreciation is calculated using the straight-line method over the estimated useful lives of the assets. Following are the estimated useful lives of the Company’s property and equipment:

	Estimated useful lives (years)
Buildings and improvements	7	-	39
Machinery and equipment	3	-	7
Motor vehicles			5

Repair and maintenance costs are charged to expense as incurred, whereas the cost of renewals and betterment that extends the useful lives of property, plant and equipment are capitalized as additions to the related assets. Retirements, sales and disposals of assets are recorded by removing the cost and accumulated depreciation from the asset and accumulated depreciation accounts with any resulting gain or loss reflected in the consolidated statements of income in other income or expenses.

Impairment of Long-lived Assets

The Company assesses its long-lived assets such as property and equipment for impairment whenever events or changes in circumstances indicate the carrying amount of an asset

may

not

be recoverable. Factors which

may

indicate potential impairment include a significant underperformance related to the historical or projected future operating results or a significant negative industry or economic trend. Recoverability of these assets is measured by comparison of their carrying amounts to future undiscounted cash flows the assets are expected to generate. If property and equipment are considered to be impaired, the impairment to be recognized equals the amount by which the carrying value of the assets exceeds their fair value. The Company did

not

record any impairment loss on its long-lived assets as of

December 31, 2018

and

2017.

Revenue

ecognition

The Company recognizes revenue from the sale of products when title and risk of loss passes and the customer accepts the goods, which generally occurs at delivery. Sales taxes invoiced to customers and remitted to government authorities are excluded from net sales.

January 1, 2018

the Company adopted Accounting Standards Update (“ASU”)

2014

Revenue from Contracts with Customers (FASB ASC Topic

606

) using the modified retrospective method for contracts that were

not

completed as of

January 1, 2018.

The results of applying Topic

606

using the modified retrospective approach were insignificant and did

not

have a material impact on our consolidated financial condition, results of operations, cash flows, business process, controls or systems.

The core principle underlying the revenue recognition ASU is that the Company will recognize revenue to represent the transfer of goods and services to customers in an amount that reflects the consideration to which the Company expects to be entitled in such exchange. This will require the Company to identify contractual performance obligations and determine whether revenue should be recognized at a point in time or over time, based on when control of goods and services transfers to a customer. The majority of our contracts have

one

single performance obligation as the promise to transfer the individual goods is

not

separately identifiable from other promises in the contracts and is, therefore,

not

distinct. The Company’s revenue streams are recognized at a point in time.

The contract assets and contract liabilities are recorded on the Condensed Consolidated Balance Sheet as accounts receivable and advance payment from customers as of

December 31, 2018

and

2017.

For the years ended

December 31, 2018,

revenue recognized from performance obligations related to prior periods was insignificant.

Revenue expected to be recognized in any future periods related to remaining performance obligations is insignificant. The following table summarizes disaggregated revenue from contracts with customers by geographic locations:

	For the Years Ended
	December 31, 2018		December 31, 2017
North Carolina	$	138,790,263	$	140,933,148
Florida		88,670,044		87,174,466
Georgia		63,546,391		67,442,366
Total	$	291,006,698	$	295,549,980

Shipping and

andling

osts

Shipping and handling costs, which include costs related to the selection of products and their delivery to customers, are presented in distribution, selling and administrative expenses. Shipping and handling costs were

$5,205,673

and

$4,763,185

for the years ended

December 31, 2018

and

2017,

respectively.

Income

axes

The Company accounts for income taxes under the asset and liability method, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been included in the financial statements. Under this method, the Company determines deferred tax assets and liabilities on the basis of the differences between the financial statement and tax bases of assets and liabilities by using enacted tax rates in effect for the year in which the differences are expected to reverse. The effect of a change in tax rates on deferred tax assets and liabilities is recognized in income in the period that includes the enactment date.

The Company recognizes deferred tax assets to the extent that it believes that these assets are more likely than

not

to be realized. In making such a determination, the Company considers all available positive and negative evidence, including future reversals of existing taxable temporary differences, projected future taxable income, tax-planning strategies, and results of recent operations. If the Company determines that it would be able to realize its deferred tax assets in the future in excess of their net recorded amount, the Company would make an adjustment to the deferred tax asset valuation allowance, which would reduce the provision for income taxes.

The Company records uncertain tax positions in accordance with ASC

740

on the basis of a

two

-step process in which (

) the Company determines whether it is more likely than

not

that the tax positions will be sustained on the basis of the technical merits of the position and (

) for those tax positions that meet the more-likely-than-

not

recognition threshold, the Company recognizes the largest amount of tax benefit that is more than

percent likely to be realized upon ultimate settlement with the related tax authority. The Company does

not

believe that there was any uncertain tax positions at

December 31, 2018

and

2017.

Capital

ease

bligations

The Company has recorded capital lease obligations for equipment leases at both

December 31, 2018

and

2017.

In each case, the Company records the equipment as its own assets under lease accounting guidance. Further, each lease contains provisions indicating continuing involvement with the equipment at the end of the lease period. As a result, in accordance with applicable accounting guidance, related assets subject to the leases are reflected on the Company’s unaudited condensed consolidated balance sheets and depreciated over the lesser of the lease term or their remaining useful lives. The present value of the lease payments associated with the equipment is recorded as capital lease obligations.

Earnings

er Share

The Company computes earnings per share (“EPS”) in accordance with ASC

260,

“Earnings per Share” (“ASC

260”

). ASC

260

requires companies with complex capital structures to present basic and diluted EPS. Basic EPS is measured as net income divided by the weighted average common shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. There is

anti-dilutive effect for the years ended

December 31, 2018

and

2017.

Fair

alue of

inancial

nstruments

The Company follows the provisions of FASB ASC

820,

Fair Value Measurements and Disclosures. ASC

820

clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:

Level

- Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.

Level

- Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are

not

active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.

Level

- Inputs are unobservable inputs which reflect the reporting entity’s own assumptions on what assumptions the market participants would use in pricing the asset or liability based on the best available information.

The carrying amounts reported in the balance sheets for cash, accounts receivable, advances to suppliers, other current assets, accounts payable, income tax payable, advance from customers, accrued and other liabilities approximate their fair value based on the short-term maturity of these instruments.

Concentrations and

redit

isk

Credit risk

Accounts receivable are typically unsecured and derived from revenue earned from customers, thereby exposed to credit risk. The risk is mitigated by the Company’s assessment of its customers’ creditworthiness and its ongoing monitoring of outstanding balances.

Concentration risk

There were

receivables from any

one

customer representing more than

10%

of the Company’s consolidated gross accounts receivable at

December 31, 2018

and

2017.

For the years ended

December 31, 2018

and

2017,

supplier accounted for more than

10%

of the total cost of revenue. As of

December 31, 2018,

three

suppliers accounted for

55%,

18%

and

12%

of total advance payments outstanding and these

three

suppliers accounted for

65%,

22%

and

14%

of advance payments to related parties, respectively. As of

December 31, 2017,

one

supplier accounted for

69%

of total advance payments outstanding and this supplier accounted for

92%

of advance payments to related parties.

Recent

ccounting

ronouncements

February 2016,

the FASB issued ASU

No.

2016

02,

“Leases” to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet with a corresponding liability and disclosing key information about leasing arrangements. For public business entities, the amendments in this ASU are effective for fiscal years beginning after

December 15, 2018,

including interim reporting periods within those fiscal years. For all other entities, the amendments in this ASU are effective for fiscal years beginning after

December 15, 2019,

and interim reporting periods within fiscal years beginning after

December 15, 2020.

Early adoption is permitted. The Company is evaluating the impact of the adoption of this revised guidance on its consolidated financial statements.

October 2016,

the FASB issued ASU

No.

2016

17,

“Consolidation (Topic

810

): Interests Held through Related Parties That Are under Common Control”. The amendments affect reporting entities that are required to evaluate whether they should consolidate a variable interest entity in certain situations involving entities under common control. Specifically, the amendments change the evaluation of whether a reporting entity is the primary beneficiary of a variable interest entity by changing how a reporting entity that is a single decision maker of a variable interest entity treats indirect interests in the entity held through related parties that are under common control with the reporting entity. The amendments are effective for public business entities for fiscal years beginning after

December 15, 2016,

including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after

December 15, 2016,

and interim reporting periods within fiscal years beginning after

December 15, 2017.

Early adoption is permitted. The Company does

not

expect that adoption of this guidance will have a material impact on its consolidated financial statements and related disclosures.

November 2016,

the FASB issued ASU

No.

2016

18,

“Statement of Cash Flows (Topic

230

): Restricted Cash”, which requires that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The amendments in this ASU apply to all entities that have restricted cash or restricted cash equivalents and are required to present a statement of cash flows under Topic

230.

The amendments are effective for public business entities for fiscal years beginning after

December 15, 2017,

and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after

December 15, 2018,

and interim periods within fiscal years beginning after

December 15, 2019.

Early adoption is permitted. The amendments should be applied using a retrospective transition method to each period presented. The adoption of this guidance will increase cash and cash equivalents by the amount of the restricted cash on the Company’s consolidated statement of cash flows.

July 2017,

the FASB issued ASU

No.

2017

11,

Earnings Per Share (Topic

260

), Distinguishing Liabilities from Equity (Topic

480

), and Derivatives and Hedging (Topic

815

). The guidance of Part I is to clarify accounting for certain financial instruments with down round feature in a financial instrument that reduces the strike price of an issued financial instrument if the issuer sells shares of its stock for an amount less than the currently stated strike price of the issued financial instrument or issues an equity-linked financial instrument with a strike price below the currently stated strike price of the issued financial instrument. For freestanding equity classified financial instruments, the amendments require entities that present earnings per share (EPS) in accordance with Topic

260

to recognize the effect of the down round feature when it is triggered. That effect is treated as a dividend and as a reduction of income available to common shareholders in basic EPS. Convertible instruments with embedded conversion options that have down round features are now subject to the specialized guidance for contingent beneficial conversion features. The amendments also re-characterize the indefinite deferral of certain provisions of Topic

480

that now are presented as pending content in the Codification, to a scope exception. Those amendments do

not

have an accounting effect. The amendments in Part I of ASU

No.

2017

are effective for fiscal years beginning after

December 15, 2019,

and interim periods within fiscal years beginning after

December 15, 2020.

Early adoption is permitted for all entities, including adoption in an interim period. The amendments in Part II of this Update do

not

require any transition guidance because those amendments do

not

have an accounting effect.. The Company is currently evaluating the impact of its pending adoption of ASU

2017

on its consolidated financial statements.

February 2018,

the FASB issued ASU

No.

2018

02,

“Income Statement—Reporting Comprehensive Income (Topic

220

): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income”. The amendments eliminate the stranded tax effects resulting from the United States Tax Cuts and Jobs Act (the “Act”) and will improve the usefulness of information reported to financial statement users. ASU

No.

2018

is effective for all entities for fiscal years beginning after

December 15, 2018,

and interim periods within those fiscal years.. The Company does

not

expect that the adoption of this guidance will have a material impact on its consolidated financial statements.

Note 3 - Accounts Receivable, Net

12 Months Ended

Dec. 31, 2018

Financing Receivables [Text Block]

NOTE

- ACCOUNTS RECEIVABLE, NET

Accounts receivable consisted of the following:

	As of December 31, 2018			As of December 31, 2017
Accounts receivable	$	15,064,580		$	15,267,962
Less: allowance for doubtful accounts		(658,104	)		(567,108	)
Accounts receivable, net	$	14,406,476		$	14,700,854

Movement of allowance for doubtful accounts is as follows:

	For the Years Ended
	December 31, 2018			December 31, 2017
Beginning balance	$	567,108		$	670,280
Provision for doubtful accounts		119,329			220,9866
Less: write off/recovery		(28,333	)		(324,158	)
Ending balance	$	658,104		$	567,1088

Note 4 - Notes Receivable	12 Months Ended
Note 4 - Notes Receivable	Dec. 31, 2018
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	NOTE 4 - NOTES RECEIVABLE On September 30, 2018, the Company entered into a line of credit promissory note agreement with Feilong Trading, Inc, which is a supplier to the Company. Pursuant to the promissory note agreement, Feilong Trading, Inc could borrow up to $4,000,000 from time to time. The note bears interest at the rate of 5% per annum on the unpaid balance, compounded monthly. The entire amount of all unpaid principal and accrued interest shall be due and payable in full by September 30, 2019 . As of December 31, 2018, outstanding balance of the notes receivable were $3,803,826. On March 1 2019, the Company and Feilong Trading, Inc agreed to extend the expiration date to March 1, 2024. Meanwhile, the Company’s major shareholder Mr. Zhou Min Ni agreed to personally guarantee the repayment of this note receivable.

- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References + Details

Note 5 - Property and Equipment, Net

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment Disclosure [Text Block]

NOTE

- PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

	As of September 30, 2018			As of December 31, 2017
Land	$	1,608,647		$	1,608,647
Buildings and improvements		18,784,628			18,589,496
Machinery and equipment		10,160,205			9,430,221
Motor vehicles		10,267,095			8,288,868
Subtotal		40,280,575			37,917,232
Less: accumulated depreciation		(18,170,554	)		(16,207,765	)
Property and equipment, net	$	22,650,021		$	21,709,467

Depreciation expense was

$2,134,832

and

$2,004,374

for the years ended

December 31, 2018

and

2017,

respectively.

Note 6 - Lines of Credit	12 Months Ended
Note 6 - Lines of Credit	Dec. 31, 2018
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 6 - LINES OF CREDIT On July 1, 2016, Han Feng, the Company’s main operating entity, entered into a line of credit agreement with East West Bank. The line of credit agreement provided for a revolving credit of $14,500,000. The line of credit is secured by virtually all assets of Han Feng, premises and an adjoining undeveloped parcel of land owned by R&N Holding, and premises owned by R&N Lexington. The principal and all accrued unpaid interest were originally due in May 2018 and was extended to May 27, 2019, to provide uninterrupted credit facility while the renewal of the line of credit is being reviewed by the bank. Interest is based on the prime rate less 0.15%, but in no event less than 3.25% per annum, and is payable monthly ( 5.35% at December 31, 2018). The outstanding balance on the line of credit as at December 31, 2018 and 2017 was $5,644,000 and $9,344,000, respectively. The line of credit agreement contains certain financial covenants which, among other things, require Han Feng to maintain certain financial ratios. At December 31, 2018 and 2017, Han Feng was in compliance with the covenants under the line of credit agreement. The line of credit was guaranteed by the two shareholders of the Company, as well as four subsidiaries of the Company, TT, MFD, R&N Holding and R&N Lexington. On November 14, 2012, NSF, the Company’s another operating entity, entered into a line of credit agreement with Bank of America. The line of credit agreement provided for a revolving credit of $4,000,000. The line of credit is secured by three real properties owned by NSF, and guaranteed by the two shareholders of the Company, as well as BB, a subsidiary of the Company. The maximum borrowings are determined by certain percentages of eligible accounts receivable and inventories. The principal and all accrued unpaid interest were due in January 2018. The line of credit was renewed upon maturity, with the revolving credit increased to $5,000,000, and is now due in February 2020. Interest is based on the LIBOR rate plus 2.75% ( 3.99% at December 31, 2018). The outstanding balance on the line of credit as at December 31, 2018 and 2017 was $2,550,146 and $2,550,146, respectively. The line of credit agreement contains certain financial covenants which, among other things, require NSF to maintain certain financial ratios. At December 31, 2018, NSF was not in compliance with the covenants under the line of credit agreement. The Company is currently working with bank to either get a waiver or modify the covenant term. However, failure to comply with the covenant may cause the bank to demand repayment in full anytime. At December 31, 2017, NSF was in compliance with the covenants under the line of credit agreement.

Note 7 - Long-term Debt

12 Months Ended

Dec. 31, 2018

Long-term Debt [Text Block]

NOTE

- LONG-TERM DEBT

Long-term debt at

December 31, 2018

and

2017

is as follows:

Bank name	Maturity	Interest rate at December 31, 2018				As of December 31, 2018			As of December 31, 2017
East West Bank – (b)	June 2022 - August 2027	5.27%	-	5.75	%	$	5,053,539		$	5,220,809
Capital Bank – (c)	October 2027			3.85	%		5,138,988			5,333,677
Bank of America – (d)	February 2023			5.18	%		1,363,211			2,262,500
Bank of Montreal – (a)	April 2021 - March 2024	5.17%	-	6.17	%		2,256,724			1,071,398
GE Capital – (a)	October 2019			5.94	%		—			36,359
Other finance companies – (e)	March 2019 - December 2022	5.75%	-	7.45	%		752,833			1,696,961
Total debt							14,565,295			15,621,704
Less: current portion							(1,455,441	)		(1,372,125	)
Long-term debt						$	13,109,854		$	14,249,579

The terms of the various loan agreements related to long-term bank borrowings contain certain restrictive financial covenants which, among other things, require the Company to maintain specified levels of debt to tangible net assets and debt service coverage. As of

December 31, 2018

and

2017,

the Company was in compliance with such covenants.

The loans outstanding were guaranteed by the following properties, entities or individuals:

(a)

Not

collateralized or guaranteed.

(b)

Guaranteed by

two

shareholders of the Company, as well as

five

subsidiaries of the Company, Han Feng, TT, MFD, R&N Holding and R&N Lexington. Also secured by assets of Han Feng and R&N Lexington and R&N Holding,

two

real properties of R&N Holding, and a real property of R&N Lexington. Balloon payment of these long-term debts is

$3,642,215.

(c)

Guaranteed by

two

shareholders, as well as Han Feng,

one

subsidiary of the Company. Also secured by a real property owned by HG Realty. Balloon payment of this debt is

$3,116,687.

(d)

Guaranteed by

two

shareholders, as well as

two

subsidiaries of the Company, NSF and BB. Secured by a real property, equipment and fixtures, inventories, receivables and all other personal property owned by NSF. Balloon payment of this long-term debt is

$1,684,898.

(e)

Secured by vehicles.

The future maturities of long-term debt at

December

31,2018

are as follows:

Twelve months ending December 31,
2019	$	1,455,441
2020		1,304,686
2021		1,120,683
2022		4,677,260
2023		1,313,006
Thereafter		4,694,219
Total	$	14,565,295

Note 8 - Leases

12 Months Ended

Dec. 31, 2018

Leases of Lessee Disclosure [Text Block]

NOTE

- LEASES

Capital Lease Obligations

The Company leases vehicles or delivery trucks under capital leases with various expiration dates through

2023.

December 31, 2018

and

2017,

the cost of assets acquired under capital leases is

$1,484,911

and$

1,297,900,

respectively, and the related accumulated depreciation is

$810,753

and

$535,590,

respectively, and the net book value is

$674,157

and

$762,310,

respectively. Depreciation expense related to these assets for the years ended

December 31, 2018

and

2017

were

$275,163

and

$259,580,

respectively.

Capital lease obligations consisted of the following:

	As of December 31, 2018			As of December 31, 2017
Vehicles due in monthly installments of $40,470 inclusive of interest at 14.38%, due in March 2019	$	118,535		$	552,538
Computers due in monthly installments of $4,073 inclusive of interest at 5.3%, due in June 20121-August 2021	$	167,063		$	-
Less: current portion		(164,894	)		(434,003	)
Obligations under capitalized leases payable after one year	$	120,705		$	118,535

Operating lease commitments

The Company’s operating leases mainly include forklifts, housing units and

two

buildings located in New York city, as described below. These leases had an average remaining lease term of approximately

years as of

December 31, 2018

for forklift and

years for real estate lease. Rental expense charged to expenses under operating leases for the years ended

December 31, 2018

and

2017

amounted to

$356,798

and

$575,693,

respectively.

July 2, 2018,

AnHeart entered into

two

separate leases for

two

buildings located in Manhattan, New York, at

273

Fifth Avenue and

275

Fifth Avenue, for

years and

years, respectively, which are net leases, meaning that AnHeart is required to pay all costs associated with the buildings, including utilities, maintenance and repairs. HF Holding provided a guaranty for all rent and related costs of the leases, including costs associated with the construction of a

two

-story structure at

273

fifth

avenue and rehabilitation of the building at

275

fifth

avenue. Under the lease for

273

Fifth Avenue, the fixed rent costs over

years commence at

$325,000

for the

first

year and escalate every year during the term to

$1,047,000

in year

30.

Under the lease for

275

Fifth Avenue, the fixed rent costs over

years commence at

$462,000

for the

first

year and escalate every year during the term to approximately

$760,878

in year

15.

The

275

fifth

avenue lease includes an option to extend the term for an additional

years. Under the leases, AnHeart delivered

two

letters of credit in favor of the Landlord as security for AnHeart’s obligations under the leases. With respect to

273

Fifth Avenue, the letter of credit is in the amount of

$213,000.

With respect to

275

Fifth Avenue, the letter of credit is in the amount of

$115,500.

The Company entered into the leases for the purpose of expanding its product lines to include Chinese herb supplements, and management determined at the time of the execution of the leases to use the sites to develop into a hub for such products. However, management has since determined to cease the said business expansion.

February 23, 2019,

the Company executed an agreement to transfer all of its ownership interest in AnHeart to Jianping An, a resident of New York for a sum of

$20,000.

The transfer of ownership has been disclosed and landlord consent is expected. However, the transfer of ownership does

not

release HF Holding’s guaranty of AnHeart’s obligations or liabilities under the original lease agreements. Under the terms of the sale of shares, AnHeart has executed a security agreement which provides a security interest in AnHeart assets and a covenant that the Company will be assigned the leases if AnHeart defaults. Further, Anheart has tendered an unconditional guaranty of all AnHeart liabilities arising from the leases, in favor of the Company, executed by Minsheng Pharmaceutical Group Company, Ltd., a Chinese manufacturer and distributor of herbal medicines.

Future minimum lease obligations for operating leases with initial terms in excess of

one

year at

December 31, 2018

are as follows:

Twelve months ended December 31,
2019	$	180,810
2020		42,030
2021		8,983
2022		297
2023		-
Thereafter		-
Total	$	232,120

Note 9 - Taxes

12 Months Ended

Dec. 31, 2018

Income Tax Disclosure [Text Block]

NOTE

- TAXES

Corporate Income Taxes (“CIT”)

Prior to

January 1, 2018,

Han Feng, TT, MFD, Kirnsway, Chinesetg, NSF and BB had elected under the Internal Revenue Code to be S corporations. R&N Holdings, R&N Lexington and HG realty were formed as partnerships. An S corporation or partnership is considered a flow-through entity and is generally

not

subject to federal or state income tax on corporate level. In lieu of corporate income taxes, the stockholders and members of these entities are taxed on their proportionate share of the entities’ taxable income. Kirnland did

not

elect to be treated as S corporation and was the only entity that is subject to corporate income taxes under this report.

Effective

January 1, 2018,

all of the above-listed S corporation and partnership entities have been converted to C corporations and will be taxed at corporate level going forward. Accordingly, the Company shall account for income taxes of all these entities under ASC

740.

The Company has recognized the impact on deferred income tax assets and liabilities from the future conversion of the above-mentioned S corporations and partnership entities to C corporations in the consolidated financial statements as of

December 31, 2017.

December 22, 2017,

the U.S. enacted the Tax Cuts and Jobs Act (the “Act”), which significantly changed U.S. tax law. The Act lowered the Company’s U.S. statutory federal income tax rate from

35%

21%

effective

January 1, 2018,

while also imposing a deemed repatriation tax on deferred foreign income. The Act also created a new minimum tax on certain future foreign earnings. The Company expects the new federal income tax rate will significantly lower the Company’s income tax expenses going forward. The Company does

not

expect the repatriation tax and new minimum tax on certain future foreign earnings to have any impact on the Company’s operations since it currently has

foreign income and does

not

expect to generate any foreign income in the future.

(i)

The Income tax provision (benefit) of the Company for the ye

rs ended

December 31, 2018

and

2017

consists of the following:

	For the Years Ended
	December 31, 2018		December 31, 2017
Current:
Federal	$	1,474,467	$	631,487
State		373,871		117,633
Current income tax provision		1,848,338		749,120
Deferred:
Federal		520,163		(104,771	)
State		121,754		(21,083	)
Deferred income tax expense (benefit)		641,917		(125,854	)
Total income tax provision	$	2,490,255	$	623,266

(ii)

Temporary differences and carryforwards of the Company that created significant deferred tax assets and liabilities are as follows:

	As of December 31, 2018			As of December 31, 2017
Deferred tax assets:
Allowance for doubtful accounts	$	165,083		$	139,947
Inventories		113,730			1,750
Section 481(a) adjustment		40,317			140,310
Accrued expenses		46,750			237,550
Total deferred tax assets		365,880			519,557
Deferred tax liabilities:
Property and equipment		(1,444,008	)		(955,769	)
Total deferred tax liabilities		(1,444,008	)		(955,769	)
Net deferred tax assets (liabilities)	$	(1,078,128	)	$	(436,212	)

The net deferred tax liabilities presented in the Company's Consolidated Balance Sheets were as follows：

	As of December 31, 2018			As of December 31, 2017
Noncurrent deferred tax assets	$	117,933		$	-
Noncurrent deferred tax liabilities		(1,196,061	)		(436,212	)
Net deferred tax liabilities	$	(1,078,128	)	$	(436,212	)

The above-disclosed deferred income tax assets and liabilities as of

December 31, 2017

included deferred tax assets in the amount of

$398,699

and deferred tax liabilities in the amount of

$934,529

derived from the effect of future conversion of the above-mentioned S corporations and partnership entities to C corporations.

(iii)

Reconciliations of the statutory income tax rate to the effective income tax rate are as follows:

	For the Years Ended
	December 31, 2018			December 31, 2017
Federal statutory tax rate		21.0	%		34.0	%
State statutory tax rate		4.4	%		6.0	%
U.S. permanent difference		1.0	%		(1.2	)%
Others		1.7	%		-
Effect of flow-through entities		—			(33	)%
Effective tax rate		28.1	%		5.8	%

Pro

orma Income Taxes

nformation

As mentioned before, prior to

January 1, 2018,

Han Feng, TT, MFD, Kirnsway, Chinesetg, NSF and BB had elected under the Internal Revenue Code to be S corporations. R&N Holdings, R&N Lexington, and HG realty were formed as partnerships. Starting

January 1, 2018,

all of the above-mentioned entities have been converted to C corporations and will be subject to regular corporate income tax rate going forward.

The following pro forma financial information presents the income tax expenses and EPS for year ended

December 31, 2017,

as if all of these S corporation and partnership entities had been converted to C corporations as of the beginning of each period presented:

(i)

The Pro forma Income tax provision of the Company for the year ended

December 31, 2017

consists of the following:

	For the Year Ended December 31, 2017 (Unaudited)
Current:
Federal	$	3,677,489
State		478,675
Current income tax provision		4,156,164
Deferred:
Federal		(73,805	)
State		(19,236	)
Deferred income tax provision		(93,041	)
Total income tax provision	$	4,063,123

(ii) The Pro forma deferred tax assets and liabilities are as follows:

	As of December 31, 2017
	(Unaudited)
Deferred tax assets		519,557
Deferred tax liabilities		(955,769	)
Net deferred tax liabilities	$	(436,212	)

(iii) The

ro forma earnings per share:

	For the Year ended December 31, 2017
Pro forma net income	$	6,638,213
Less: net income (loss) attributable to noncontrolling interest		431,999
Pro forma net income attributable to HF Foods Group, Inc.		6,206,214
Pro forma earnings per common share - basic and diluted	$	0.31
Pro forma weighted average shares - basic and diluted		19,969,831

Note 10 - Related Party Transactions

12 Months Ended

Dec. 31, 2018

NOTE

– RELATED PARTY TRANSACTIONS

The Company records transactions with various related parties. These related party transactions as of

December 31, 2018

and

2017

and for the years ended

December 31, 2018

and

2017

are identified as follows:

arty

alances:

a.	Accounts receivable - related parties, net

Below is a summary of accounts receivable with related parties as of

December 31, 2018

and

2017,

respectively:

Name of Related Party	As of December 31, 2018		As of December 31, 2017
(a) Allstate Trading Company Inc.	$	1,000	$	176,660
(b) Enson Seafood GA Inc. (formerly “GA-GW Seafood, Inc.”)		255,412		87,814
(c) Eagle Food Service LLC		817,275		656,799
(d) Fortune One Foods Inc.		130,314		154,904
(e) Eastern Fresh LLC		784,836		340,114
(f) New Marco Food Inc.		—		170,129
(g) Enson Trading LLC		170,633		—
(h) Enson Philadelphia Inc.		49,027		—
(i) Hengfeng Food Service Inc.		83,654		—

Total	$	2,292,151	$	1,586,420

	a.	Mr. Zhou Min Ni, the Chairman and Chief Executive Officer of the Company, owns 40% equity interest of this entity;
	b.	Mr. Zhou Min Ni owns 50% equity interest of this entity;
	c.	Tina Ni, one of Mr. Zhou Min Ni’s family member owns 50% equity interest of this entity;
	d.	Mr. Zhou Min Ni owns 17.5% equity interest of this entity;
	e.	Mr. Zhou Min Ni owns 30% equity interest of this entity;
	f.	Mr. Zhou Min Ni owns 30% equity interest of this entity.
	g.	Mr. Zhou Min Ni owns 25% equity interest of Enson Trading LLC.
	h.	Mr. Zhou Min Ni owns 25% equity interest of Enson Philadelphia Inc.
	i.	Mr. Zhou Min Ni owns 45% equity interest of Hengfeng Food Service Inc.

All accounts receivable from these related parties are current and considered fully collectible.

allowance is deemed necessary.

Advances to suppliers - related parties, net

The Company periodically provides purchase advances to various vendors, including the related party suppliers. These advances are made in the normal course of business and are considered fully realizable.

Below is a summary of advances to related party suppliers as of

December 31, 2018

and

2017,

respectively:

Name of Related Party	As of December 31, 2018		As of December 31, 2017
(1) Enson Seafood GA Inc. (formerly “GA-GW Seafood, Inc.”)	$	—	$	2,978,161
(2) Ocean Pacific Seafood Group		208,960		145,888
(3) Han Feng Information Tech. Jinhua Inc.		—		5,167
(4) NSG International Inc. (“NSG”)		-		119,093
(5) Revolution Industry LLC		329,394		—
(6) First Choice Seafood Inc.		988,128		—
Total	$	1,526,482	$	3,248,309

(

)

Mr. Zhou Min Ni owns

50%

equity interest of this entity. The large advances to Enson Seafood GA Inc. (“Enson Seafood”) made in

2017

was a result of the Company’s decision to take advantage of the large refrigerated facilities owned by Enson Seafood. The Company made these advances to Enson Seafood for the purchases of large quantities of frozen foods. Enson Seafood takes possession of these frozen goods until they are shipped based on the Company’s sales orders. The Company did

not

include these advanced purchases in its inventory since the title and risk of these goods remained with Enson Seafood;

(

)

Mr. Zhou Min Ni owns

25%

equity interest of this entity;

(

)

Mr. Zhou Min Ni owns

37%

of its equity interest;

( 4 )	Mr. Zhou Min Ni owns 30% of its equity interest;
( 5 )	The son of Mr. Zhou Min N, Raymond Ni owns 100% of Revolution Industry LLC;
( 6 )	First Choice Seafood is owned by Enson Seafood GA Inc, as described in ( 1 ).

otes receivables - related parties

The Company had previously made advances or loans to certain entities that are either owned by the controlling shareholders of the Company or family members of the controlling shareholders.

As of

December 31, 2018

and

2017,

the outstanding loans to various related parties consist of the following:

Name of Related Party	As of December 31, 2018		As of December 31, 2017
Enson Seafood GA Inc. (formerly “GA-GW Seafood, Inc.”)	$	1,987,241	$	550,000
NSG International Inc. (“NSG”)		6,092,397		5,993,552
Eastern Fresh LLC (“Eastern”)		—		316,504
Revolution Automotive LLC (“Revolution Automotive”) (1)		461,311		—
Total	$	8,540,949	$	6,860,056
Less: Current portion	$	8,117,686	$	—
Total	$	423,263	$	6,860,056

(

)

The son of Mr. Zhou Min Ni, Raymond Ni owns

100%

of Revolution Automotive LLC.

January 1, 2018,

the Company signed a promissory note agreement with Enson Seafood. Pursuant to the promissory note agreement, the outstanding balances of

$550,000

due from Enson Seafood as of

December 31, 2017

was converted into promissory notes bearing annual interest of

5%.

The interest shall be accrued starting

January 1, 2018.

The principal plus interest shall be paid off

later than

December 31, 2019.

Interest is computed on the outstanding balance on the basis of the actual number of days elapsed in a year of

360

days.

September 30, 2018,

the Company signed a promissory note agreement with Enson Seafood for

$2,000,000.

Pursuant to the promissory note agreement, Enson Seafood will make monthly payment of

$171,214.96

for

months, including interest. The loan bears interested of

per annum on the unpaid balance, compounded monthly. The principal plus interest shall be paid off

later than

September 30, 2019,

with an option to renew.

January 1, 2018,

the Company signed a promissory note agreement with NSG. Pursuant to the promissory note agreement, the outstanding balances of

$5,993,552

due from NSG as of

December 31, 2017

was converted into promissory notes bearing annual interest of

5%.

The interest shall be accrued starting

January 1, 2018.

The principal plus interest shall be paid off

later than

December 31, 2019.

Interest is computed on the outstanding balance on the basis of the actual number of days elapsed in a year of

360

days.

The promissory note with Eastern in the original amount of

$1,000,000

was signed on

May 31, 2017

bearing annual interest rate of

5%.

This note has been repaid in full.

March 1, 2018,

the Company signed promissory note agreement with Revolution Automotive for

$483,628.

Pursuant to the promissory note agreement, Revolution Automotive will make monthly payment of

$5,000

for

months, including interest, with final payment of

$284,453.

The loan bears interest of

per annum. Interest is computed on the outstanding balance on the basis of the actual number of days elapsed in a year of

360

days. The principal plus interest shall be paid off

later than

April 30, 2023.

March 1, 2019,

the Company and each of Enson Seafood and NSG agreed to extend the expiration date of their notes payable to

February

29,

2024

and Mr. Zhou Min Ni agreed to personally guarantee these notes.

Accounts payable - related parties

As of

December 31, 2018

and

2017,

the Company had a total accounts payable balance of

$3,923,120

and $

4,075,927

due to various related parties, respectively. All these accounts payable to related parties occurred in the ordinary course of business and are payable upon demand without interest.

Advance from customers - related parties

The Company also periodically receives advances from its related parties for business purposes. These advances are interest free and due upon demand. The balances for advance from customers involving related parties amounted to

$166,490

and

$1,350,296

as of

December 31, 2018

and

2017,

respectively.

Lease Agreements with Related Parties

A subsidiary of the Company, RN Holding, leases a facility to a related party under an operating lease agreement expiring in

2019.

The cost of the leased building is

$400,000

December 31, 2018

and

2017,

and the accumulated depreciation of the leased building is

$100,000

and

$89,743

December 31, 2018

and

2017,

respectively. Rental income for the years ended

December 31, 2018

and

2017

amounted to

$45,600

and

45,600,

respectively.

2017,

a subsidiary of the Company, HG Realty, leased a warehouse to a related party under an operating lease agreement expiring on

September 21, 2027.

The cost of the leased building is

$3,223,745

as at

December 31, 2018

and

2017,

and the accumulated depreciation of the leased building is

$433,966

and

$351,306

as at

December 31, 2018

and

2017,

respectively. Rental income for the years ended

December 31, 2018

and

2017

were

$480,000

and

$490,000.

arty

ales and

urchases

ransactions:

The Company also makes regular sales to or purchases from various related parties during the normal course of business. The total sales made to related parties amounted to

$18,147,003

and

$18,449,864

for the years ended

December 31, 2018

and

2017,

respectively. The total purchases made from related parties were

$31,676,828

and

$32,221,005

for the years ended

December 31, 2018

and

2017,

respectively.

Note 11 - Segment Reporting

12 Months Ended

Dec. 31, 2018

Segment Reporting Disclosure [Text Block]

NOTE

- SEGMENT REPORTING

ASC

280,

“Segment Reporting,” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for details on the Company’s business segments. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of different products. Based on management’s assessment, the Company has determined that it has

two

operating segments: sales to independent restaurants and wholesale.

The following table presents net sales by segment for the years ended

December 31, 2018

and

2017,

respectively:

	For the Years Ended
	December 31, 2018		December 31, 2017
Sales to independent restaurants	$	272,172,106	$	275,481,019
Wholesale		18,834,592		20,068,961
Total	$	291,006,698	$	295,549,980

All the Company’s revenue was generated from its business operation in the U.S.

	For the Year Ended December 31, 2018
	Sales to independent restaurants		Wholesale		Total
Revenue	$	272,172,106	$	18,834,592	$	291,006,698
Cost of revenue		223,535,244		17,905,905		241,441,149
Gross profit	$	48,636,862	$	928,687	$	49,565,549
Depreciation and amortization	$	1,996,661	$	138,171	$	2,134,832
Total capital expenditures	$	2,876,339	$	199,046	$	3,075,385

	For the Year Ended December 31, 2017
	Sales to independent restaurants		Wholesale		Total
Revenue	$	275,481,019	$	20,068,961	$	295,549,980
Cost of revenue		232,914,638		18,700,375		251,615,013
Gross profit	$	42,566,381	$	1,368,586	$	43,934,967
Depreciation and amortization	$	1,868,269	$	136,105	$	2,004,374
Total capital expenditures	$	2,110,900	$	153,780	$	2,264,680

	As of December 31, 2018		As of December 31, 2017
Total assets:
Sales to independent restaurants	$	77,138,353	$	75,180,924
Wholesale		5,338,054		5,476,976
Total Assets	$	82,476,407	$	80,657,900

Note 12 - Contingency	12 Months Ended
Note 12 - Contingency	Dec. 31, 2018
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 12 – CONTINGENCY Kirnland Food Distribution, Inc., a subsidiary of the Company, has been under an inquiry by the United States Department of Labor, Wage and Hour Division, Atlanta Regional Office (the “Department”), concerning pre-acquisition wage practices and record keeping for the period from April 2013 through July 2018. On March 11, 2019, the Company and the Department have concluded an agreement to settle the claims arising from this investigation on behalf of the current and former employees for back wages, liquidated damages and penalties in a total aggregate amount of $1,831,167, to be paid on or before May 15, 2019. The $1.8 million has been accrued in distribution, selling and administrative expenses in the consolidated financial statements for the year ended December 31, 2018. The Company believes that it has resolved the past issues raised by the Department of Labor, and also plans on providing the Department of Labor with its remedial actions to address the issues raised currently and on an ongoing basis. In addition, as described in Note 8, HF Holding is the guarantor for AnHeart’s lease agreements. Although the Company transferred all ownership in AnHeart to a third party, the transfer does not release HF Holding’s liability and obligation as a guarantor.

Note 13 - Subsequent Events	12 Months Ended
Note 13 - Subsequent Events	Dec. 31, 2018
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 13 – SUBSEQUENT EVENTS On February 23, 2019, the Company executed an agreement to transfer all of its ownership interest in AnHeart to Jianping An, a resident of New York for a sum of $20,000. On March 1, 2019, the Company, Feilong Trading, Inc., Enson Seafood, and NSG agreed to extend the expiration date of the notes receivable agreement to March 1, 2024, February 29, 2024 and February 29, 2024, respectively. (refer to Note 4 and note 10 ). There were no material subsequent events that required recognition or additional disclosure in these consolidated financial statements.

Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2018

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation and Principles of Consolidation

Consolidation, Policy [Policy Text Block]

Noncontrolling

nterests

Use of Estimates, Policy [Policy Text Block]

Uses of

stimates

Cash and Cash Equivalents, Policy [Policy Text Block]

Cash and Cash Equivalents

The Company considers all highly liquid investments purchased with a maturity of

three

or fewer months to be cash equivalents. As of

December 31, 2018

and

2017,

the Company had

cash equivalents.

Premiums Receivable, Allowance for Doubtful Accounts, Estimation Methodology, Policy [Policy Text Block]

Accounts Receivable

Accounts receivable represent amounts due from customers in the ordinary course of business and are recorded at the invoiced amount and do

not

December 31, 2018

and

2017,

the allowances for doubtful accounts were

$658,104

and

$567,108,

respectively.

Inventory, Policy [Policy Text Block]

Inventories

first

-in,

first

-out (FIFO) method.

inventory reserves were recorded for the years ended

December 31, 2018

and

2017.

Property, Plant and Equipment, Policy [Policy Text Block]

Property and Equipment

	Estimated useful lives (years)
Buildings and improvements	7	-	39
Machinery and equipment	3	-	7
Motor vehicles			5

Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]

Impairment of Long-lived Assets

The Company assesses its long-lived assets such as property and equipment for impairment whenever events or changes in circumstances indicate the carrying amount of an asset

may

not

be recoverable. Factors which

may

not

record any impairment loss on its long-lived assets as of

December 31, 2018

and

2017.

Revenue from Contract with Customer [Policy Text Block]

Revenue

ecognition

January 1, 2018

the Company adopted Accounting Standards Update (“ASU”)

2014

Revenue from Contracts with Customers (FASB ASC Topic

606

) using the modified retrospective method for contracts that were

not

completed as of

January 1, 2018.

The results of applying Topic

606

using the modified retrospective approach were insignificant and did

not

have a material impact on our consolidated financial condition, results of operations, cash flows, business process, controls or systems.

one

single performance obligation as the promise to transfer the individual goods is

not

separately identifiable from other promises in the contracts and is, therefore,

not

distinct. The Company’s revenue streams are recognized at a point in time.

The contract assets and contract liabilities are recorded on the Condensed Consolidated Balance Sheet as accounts receivable and advance payment from customers as of

December 31, 2018

and

2017.

For the years ended

December 31, 2018,

revenue recognized from performance obligations related to prior periods was insignificant.

	For the Years Ended
	December 31, 2018		December 31, 2017
North Carolina	$	138,790,263	$	140,933,148
Florida		88,670,044		87,174,466
Georgia		63,546,391		67,442,366
Total	$	291,006,698	$	295,549,980

Shipping and Handling Expense [Policy Text Block]

Shipping and

andling

osts

$5,205,673

and

$4,763,185

for the years ended

December 31, 2018

and

2017,

respectively.

Income Tax, Policy [Policy Text Block]

Income

axes

The Company recognizes deferred tax assets to the extent that it believes that these assets are more likely than

not

The Company records uncertain tax positions in accordance with ASC

740

on the basis of a

two

-step process in which (

) the Company determines whether it is more likely than

not

that the tax positions will be sustained on the basis of the technical merits of the position and (

) for those tax positions that meet the more-likely-than-

not

recognition threshold, the Company recognizes the largest amount of tax benefit that is more than

percent likely to be realized upon ultimate settlement with the related tax authority. The Company does

not

believe that there was any uncertain tax positions at

December 31, 2018

and

2017.

Lessee, Leases [Policy Text Block]

Capital

ease

bligations

The Company has recorded capital lease obligations for equipment leases at both

December 31, 2018

and

2017.

Earnings Per Share, Policy [Policy Text Block]

Earnings

er Share

The Company computes earnings per share (“EPS”) in accordance with ASC

260,

“Earnings per Share” (“ASC

260”

). ASC

260

anti-dilutive effect for the years ended

December 31, 2018

and

2017.

Fair Value of Financial Instruments, Policy [Policy Text Block]

Fair

alue of

inancial

nstruments

The Company follows the provisions of FASB ASC

820,

Fair Value Measurements and Disclosures. ASC

820

clarifies the definition of fair value, prescribes methods for measuring fair value, and establishes a fair value hierarchy to classify the inputs used in measuring fair value as follows:

Level

- Inputs are unadjusted quoted prices in active markets for identical assets or liabilities available at the measurement date.

Level

- Inputs are unadjusted quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are

not

active, inputs other than quoted prices that are observable, and inputs derived from or corroborated by observable market data.

Level

Concentration Risk, Credit Risk, Policy [Policy Text Block]

Concentrations and

redit

isk

Credit risk

Concentration risk

There were

receivables from any

one

customer representing more than

10%

of the Company’s consolidated gross accounts receivable at

December 31, 2018

and

2017.

For the years ended

December 31, 2018

and

2017,

supplier accounted for more than

10%

of the total cost of revenue. As of

December 31, 2018,

three

suppliers accounted for

55%,

18%

and

12%

of total advance payments outstanding and these

three

suppliers accounted for

65%,

22%

and

14%

of advance payments to related parties, respectively. As of

December 31, 2017,

one

supplier accounted for

69%

of total advance payments outstanding and this supplier accounted for

92%

of advance payments to related parties.

New Accounting Pronouncements, Policy [Policy Text Block]

Recent

ccounting

ronouncements

February 2016,

the FASB issued ASU

No.

2016

02,

December 15, 2018,

including interim reporting periods within those fiscal years. For all other entities, the amendments in this ASU are effective for fiscal years beginning after

December 15, 2019,

and interim reporting periods within fiscal years beginning after

December 15, 2020.

Early adoption is permitted. The Company is evaluating the impact of the adoption of this revised guidance on its consolidated financial statements.

October 2016,

the FASB issued ASU

No.

2016

17,

“Consolidation (Topic

810

December 15, 2016,

including interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after

December 15, 2016,

and interim reporting periods within fiscal years beginning after

December 15, 2017.

Early adoption is permitted. The Company does

not

expect that adoption of this guidance will have a material impact on its consolidated financial statements and related disclosures.

November 2016,

the FASB issued ASU

No.

2016

18,

“Statement of Cash Flows (Topic

230

230.

The amendments are effective for public business entities for fiscal years beginning after

December 15, 2017,

and interim periods within those fiscal years. For all other entities, the amendments are effective for fiscal years beginning after

December 15, 2018,

and interim periods within fiscal years beginning after

December 15, 2019.

July 2017,

the FASB issued ASU

No.

2017

11,

Earnings Per Share (Topic

260

), Distinguishing Liabilities from Equity (Topic

480

), and Derivatives and Hedging (Topic

815

260

480

that now are presented as pending content in the Codification, to a scope exception. Those amendments do

not

have an accounting effect. The amendments in Part I of ASU

No.

2017

are effective for fiscal years beginning after

December 15, 2019,

and interim periods within fiscal years beginning after

December 15, 2020.

Early adoption is permitted for all entities, including adoption in an interim period. The amendments in Part II of this Update do

not

require any transition guidance because those amendments do

not

have an accounting effect.. The Company is currently evaluating the impact of its pending adoption of ASU

2017

on its consolidated financial statements.

February 2018,

the FASB issued ASU

No.

2018

02,

“Income Statement—Reporting Comprehensive Income (Topic

220

No.

2018

is effective for all entities for fiscal years beginning after

December 15, 2018,

and interim periods within those fiscal years.. The Company does

not

expect that the adoption of this guidance will have a material impact on its consolidated financial statements.

Note 1 - Organization and Business Description (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Business Acquisitions, by Acquisition [Table Text Block]

Name	Date of incorporation	State of incorporation	Percentage of legal ownership by HF Holding	Principal activities
Parent:
HF Holding	October 11, 2017	North Carolina	—	Holding Company
Subsidiaries:
Han Feng	January 14, 1997	North Carolina	100%	Distributing food and related products
TT	August 6, 2002	North Carolina	100%	Trucking service
MFD	April 15, 1999	North Carolina	100%	Trucking service
R&N Holdings	November 21, 2002	North Carolina	100%	Real estate holding
R&N Lexington	May 27, 2010	North Carolina	100%	Real estate holding
Kirnsway	May 24, 2006	North Carolina	100%	Design and printing services
Chinesetg	July 12, 2011	North Carolina	100%	Design and printing services
NSF	December 17, 2008	Florida	100%	Distributing food and related products
BB	September 12, 2001	Florida	100%	Trucking service
Kirnland	April 11, 2006	Georgia	66.7%	Distributing food and related products
HG Realty	May 11, 2012	Georgia	100%	Real estate holding

Note 2 - Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2018

Useful Lives of Property, Plant, and Equipment [Table Text Block]

	Estimated useful lives (years)
Buildings and improvements	7	-	39
Machinery and equipment	3	-	7
Motor vehicles			5

Disaggregation of Revenue [Table Text Block]

	For the Years Ended
	December 31, 2018		December 31, 2017
North Carolina	$	138,790,263	$	140,933,148
Florida		88,670,044		87,174,466
Georgia		63,546,391		67,442,366
Total	$	291,006,698	$	295,549,980

Note 3 - Accounts Receivable, Net (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

	As of December 31, 2018			As of December 31, 2017
Accounts receivable	$	15,064,580		$	15,267,962
Less: allowance for doubtful accounts		(658,104	)		(567,108	)
Accounts receivable, net	$	14,406,476		$	14,700,854

Allowance for Credit Losses on Financing Receivables [Table Text Block]

	For the Years Ended
	December 31, 2018			December 31, 2017
Beginning balance	$	567,108		$	670,280
Provision for doubtful accounts		119,329			220,9866
Less: write off/recovery		(28,333	)		(324,158	)
Ending balance	$	658,104		$	567,1088

Note 5 - Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2018

Property, Plant and Equipment [Table Text Block]

	As of September 30, 2018			As of December 31, 2017
Land	$	1,608,647		$	1,608,647
Buildings and improvements		18,784,628			18,589,496
Machinery and equipment		10,160,205			9,430,221
Motor vehicles		10,267,095			8,288,868
Subtotal		40,280,575			37,917,232
Less: accumulated depreciation		(18,170,554	)		(16,207,765	)
Property and equipment, net	$	22,650,021		$	21,709,467

Note 7 - Long-term Debt (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Long-term Debt Instruments [Table Text Block]

Bank name	Maturity	Interest rate at December 31, 2018				As of December 31, 2018			As of December 31, 2017
East West Bank – (b)	June 2022 - August 2027	5.27%	-	5.75	%	$	5,053,539		$	5,220,809
Capital Bank – (c)	October 2027			3.85	%		5,138,988			5,333,677
Bank of America – (d)	February 2023			5.18	%		1,363,211			2,262,500
Bank of Montreal – (a)	April 2021 - March 2024	5.17%	-	6.17	%		2,256,724			1,071,398
GE Capital – (a)	October 2019			5.94	%		—			36,359
Other finance companies – (e)	March 2019 - December 2022	5.75%	-	7.45	%		752,833			1,696,961
Total debt							14,565,295			15,621,704
Less: current portion							(1,455,441	)		(1,372,125	)
Long-term debt						$	13,109,854		$	14,249,579

Schedule of Maturities of Long-term Debt [Table Text Block]

Twelve months ending December 31,
2019	$	1,455,441
2020		1,304,686
2021		1,120,683
2022		4,677,260
2023		1,313,006
Thereafter		4,694,219
Total	$	14,565,295

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
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-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Note 8 - Leases (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Capital Leased Assets [Table Text Block]

	As of December 31, 2018			As of December 31, 2017
Vehicles due in monthly installments of $40,470 inclusive of interest at 14.38%, due in March 2019	$	118,535		$	552,538
Computers due in monthly installments of $4,073 inclusive of interest at 5.3%, due in June 20121-August 2021	$	167,063		$	-
Less: current portion		(164,894	)		(434,003	)
Obligations under capitalized leases payable after one year	$	120,705		$	118,535

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Twelve months ended December 31,
2019	$	180,810
2020		42,030
2021		8,983
2022		297
2023		-
Thereafter		-
Total	$	232,120

Note 9 - Taxes (Tables)

12 Months Ended

Dec. 31, 2018

Federal Income Tax Note [Table Text Block]

	For the Years Ended
	December 31, 2018		December 31, 2017
Current:
Federal	$	1,474,467	$	631,487
State		373,871		117,633
Current income tax provision		1,848,338		749,120
Deferred:
Federal		520,163		(104,771	)
State		121,754		(21,083	)
Deferred income tax expense (benefit)		641,917		(125,854	)
Total income tax provision	$	2,490,255	$	623,266

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

	As of December 31, 2018			As of December 31, 2017
Deferred tax assets:
Allowance for doubtful accounts	$	165,083		$	139,947
Inventories		113,730			1,750
Section 481(a) adjustment		40,317			140,310
Accrued expenses		46,750			237,550
Total deferred tax assets		365,880			519,557
Deferred tax liabilities:
Property and equipment		(1,444,008	)		(955,769	)
Total deferred tax liabilities		(1,444,008	)		(955,769	)
Net deferred tax assets (liabilities)	$	(1,078,128	)	$	(436,212	)

	As of December 31, 2018			As of December 31, 2017
Noncurrent deferred tax assets	$	117,933		$	-
Noncurrent deferred tax liabilities		(1,196,061	)		(436,212	)
Net deferred tax liabilities	$	(1,078,128	)	$	(436,212	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

	For the Years Ended
	December 31, 2018			December 31, 2017
Federal statutory tax rate		21.0	%		34.0	%
State statutory tax rate		4.4	%		6.0	%
U.S. permanent difference		1.0	%		(1.2	)%
Others		1.7	%		-
Effect of flow-through entities		—			(33	)%
Effective tax rate		28.1	%		5.8	%

Schedule of Pro Forma Income Tax Provision [Table Text Block]

	For the Year Ended December 31, 2017 (Unaudited)
Current:
Federal	$	3,677,489
State		478,675
Current income tax provision		4,156,164
Deferred:
Federal		(73,805	)
State		(19,236	)
Deferred income tax provision		(93,041	)
Total income tax provision	$	4,063,123

Schedule of Pro Forma Deferred Tax Assets [Table Text Block]

	As of December 31, 2017
	(Unaudited)
Deferred tax assets		519,557
Deferred tax liabilities		(955,769	)
Net deferred tax liabilities	$	(436,212	)

Schedule of Pro Forma Earnings Per Share [Table Text Block]

	For the Year ended December 31, 2017
Pro forma net income	$	6,638,213
Less: net income (loss) attributable to noncontrolling interest		431,999
Pro forma net income attributable to HF Foods Group, Inc.		6,206,214
Pro forma earnings per common share - basic and diluted	$	0.31
Pro forma weighted average shares - basic and diluted		19,969,831

Note 10 - Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Accounts Receivable With Related Parties [Table Text Block]

<div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 70%; border-bottom: thin solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Name of Related Party</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">As of</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">December</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">31, 2018</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">As of</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">December</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">31, 2017</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">(a) Allstate Trading Company Inc.</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">176,660</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">(b) Enson Seafood GA Inc. (formerly “GA-GW Seafood, Inc.”)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">255,412</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">87,814</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">(c) Eagle Food Service LLC</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">817,275</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">656,799</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">(d) Fortune One Foods Inc.</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">130,314</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">154,904</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">(e) Eastern Fresh LLC</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">784,836</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">340,114</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">(f) New Marco Food Inc.</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">170,129</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">(g) Enson Trading LLC</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">170,633</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">(h) Enson Philadelphia Inc.</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">49,027</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 18pt;">(i) Hengfeng Food Service Inc.</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">83,654</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td> </td> <td> </td> <td style=""> </td> <td style=""> </td> <td> </td> <td> </td> <td style=""> </td> <td style=""> </td> <td> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,292,151</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,586,420</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> </tr> </table></div>

Name of Related Party	As of December 31, 2018		As of December 31, 2017
(1) Enson Seafood GA Inc. (formerly “GA-GW Seafood, Inc.”)	$	—	$	2,978,161
(2) Ocean Pacific Seafood Group		208,960		145,888
(3) Han Feng Information Tech. Jinhua Inc.		—		5,167
(4) NSG International Inc. (“NSG”)		-		119,093
(5) Revolution Industry LLC		329,394		—
(6) First Choice Seafood Inc.		988,128		—
Total	$	1,526,482	$	3,248,309

Schedule of Outstanding Loans to Various Related Parties [Table Text Block]

<div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; width: 70%; border-bottom: thin solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; text-align: center;">Name of Related Party</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">As of</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">December</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">31, 2018</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">As of</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">December</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">31, 2017</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Enson Seafood GA Inc. (formerly “GA-GW Seafood, Inc.”)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,987,241</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">550,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">NSG International Inc. (“NSG”)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">6,092,397</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">5,993,552</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Eastern Fresh LLC (“Eastern”)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">316,504</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Revolution Automotive LLC (“Revolution Automotive”) <div style="display: inline; bottom:.33em; font-size: 82%; position: relative; vertical-align: baseline;">(1)</div></div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">461,311</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">8,540,949</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">6,860,056</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Less: Current portion</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">8,117,686</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Total</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">423,263</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">6,860,056</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;"> </td> </tr> </table></div>

Note 11 - Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2018

Schedule of Revenue by Major Customers by Reporting Segments [Table Text Block]

	For the Years Ended
	December 31, 2018		December 31, 2017
Sales to independent restaurants	$	272,172,106	$	275,481,019
Wholesale		18,834,592		20,068,961
Total	$	291,006,698	$	295,549,980

Revenue from External Customers by Geographic Areas [Table Text Block]

	For the Year Ended December 31, 2018
	Sales to independent restaurants		Wholesale		Total
Revenue	$	272,172,106	$	18,834,592	$	291,006,698
Cost of revenue		223,535,244		17,905,905		241,441,149
Gross profit	$	48,636,862	$	928,687	$	49,565,549
Depreciation and amortization	$	1,996,661	$	138,171	$	2,134,832
Total capital expenditures	$	2,876,339	$	199,046	$	3,075,385

	For the Year Ended December 31, 2017
	Sales to independent restaurants		Wholesale		Total
Revenue	$	275,481,019	$	20,068,961	$	295,549,980
Cost of revenue		232,914,638		18,700,375		251,615,013
Gross profit	$	42,566,381	$	1,368,586	$	43,934,967
Depreciation and amortization	$	1,868,269	$	136,105	$	2,004,374
Total capital expenditures	$	2,110,900	$	153,780	$	2,264,680

Schedule Of Assets By Reporting Segments [Table Text Block]

Note 1 - Organization and Business Description (Details Textual)	Aug. 22, 2018 shares	Dec. 31, 2018 shares	Jun. 05, 2018	Jan. 01, 2018	Dec. 31, 2017 shares
Pre-transaction Issued and Outstanding Shares, Percentage	11.50%
Common Stock, Shares, Issued, Total	22,167,486	22,167,486			19,969,831
Number of Shares Redeemed by Pre-Transaction Shareholders	400,000
Stock Issued During Period, Shares, Restricted Stock Award, Gross	10,000
Stock Issued During Period, Shares, Issued to the Pre-transaction Stockholders	2,587,655
Number of Subsidiaries				11
Common Stock, Shares, Outstanding, Ending Balance	22,167,486	22,167,486			19,969,831
AnHeart [Member]
Noncontrolling Interest, Ownership Percentage by Parent			100.00%
HF Holding [Member]
Stock Issued During Period, Shares, New Issues	19,969,831
Aggregate Issued and Outstanding Shares, Percentage	88.50%

Note 1 - Organization and Business Description - Schedule of Entities Under HF Group (Details)	12 Months Ended
	Dec. 31, 2018
Han Feng [Member]
Date of incorporation	Jan. 14, 1997
State of incorporation	North Carolina
Principal activities	Distributing food and related products
Percentage of legal ownership by HF Holding	100.00%
TT [Member]
Date of incorporation	Aug. 06, 2002
State of incorporation	North Carolina
Principal activities	Trucking service
Percentage of legal ownership by HF Holding	100.00%
MFD [Member]
Date of incorporation	Apr. 15, 1999
State of incorporation	North Carolina
Principal activities	Trucking service
Percentage of legal ownership by HF Holding	100.00%
R&N Holdings [Member]
Date of incorporation	Nov. 21, 2002
State of incorporation	North Carolina
Principal activities	Real estate holding
Percentage of legal ownership by HF Holding	100.00%
R&N Lexington [Member]
Date of incorporation	May 27, 2010
State of incorporation	North Carolina
Principal activities	Real estate holding
Percentage of legal ownership by HF Holding	100.00%
Kirnsway [Member]
Date of incorporation	May 24, 2006
State of incorporation	North Carolina
Principal activities	Design and printing services
Percentage of legal ownership by HF Holding	100.00%
Chinesetg [Member]
Date of incorporation	Jul. 12, 2011
State of incorporation	North Carolina
Principal activities	Design and printing services
Percentage of legal ownership by HF Holding	100.00%
NSF [Member]
Date of incorporation	Dec. 17, 2008
State of incorporation	Florida
Principal activities	Distributing food and related products
Percentage of legal ownership by HF Holding	100.00%
BB [Member]
Date of incorporation	Sep. 12, 2001
State of incorporation	Florida
Principal activities	Trucking service
Percentage of legal ownership by HF Holding	100.00%
Kirnland [Member]
Date of incorporation	Apr. 11, 2006
State of incorporation	Georgia
Principal activities	Distributing food and related products
Percentage of legal ownership by HF Holding	66.70%
HG Realty [Member]
Date of incorporation	May 11, 2012
State of incorporation	Georgia
Principal activities	Real estate holding
Percentage of legal ownership by HF Holding	100.00%
HF Holding [Member]
Date of incorporation	Oct. 11, 2017
State of incorporation	North Carolina
Principal activities	Holding Company

Note 2 - Summary of Significant Accounting Policies (Details Textual) shares in Thousands	12 Months Ended
	Dec. 31, 2018 USD ($) shares	Dec. 31, 2017 USD ($) shares	Jan. 01, 2017 USD ($)	Dec. 31, 2016 USD ($)
Cash Equivalents, at Carrying Value, Total	$ 0	$ 0
Allowance for Doubtful Accounts Receivable, Current, Ending Balance	658,104	567,108	$ 567,108	$ 670,280
Inventory Valuation Reserves, Ending Balance	0	0
Impairment of Long-Lived Assets Held-for-use	0	0
Unrecognized Tax Benefits, Ending Balance	$ 0	$ 0
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount \| shares	0	0
Customer Concentration Risk [Member] \| Accounts Receivable [Member]
Number of Major Customers	0	0
Supplier Concentration Risk [Member] \| Cost of Goods, Total [Member]
Number of Major Suppliers	0	0
Advance Payments Outstanding [Member] \| Cost of Goods, Total [Member]
Number of Major Suppliers	3	1
Advance Payments Outstanding [Member] \| Cost of Goods, Total [Member] \| Supplier One [Member]
Concentration Risk, Percentage	55.00%	69.00%
Advance Payments Outstanding [Member] \| Cost of Goods, Total [Member] \| Supplier Two [Member]
Concentration Risk, Percentage	18.00%
Advance Payments Outstanding [Member] \| Cost of Goods, Total [Member] \| Supplier Three [Member]
Concentration Risk, Percentage	12.00%
Advance Payments to Related Parties [Member] \| Cost of Goods, Total [Member]
Number of Major Suppliers	3	1
Advance Payments to Related Parties [Member] \| Cost of Goods, Total [Member] \| Supplier One [Member]
Concentration Risk, Percentage	65.00%	92.00%
Advance Payments to Related Parties [Member] \| Cost of Goods, Total [Member] \| Supplier Two [Member]
Concentration Risk, Percentage	22.00%
Advance Payments to Related Parties [Member] \| Cost of Goods, Total [Member] \| Supplier Three [Member]
Concentration Risk, Percentage	14.00%
Shipping and Handling [Member]
Cost of Goods and Services Sold, Total	$ 5,205,673	$ 4,763,185

Note 2 - Summary of Significant Accounting Polices - Useful Lives of Property, Plant and Equipment (Details)	12 Months Ended
	Dec. 31, 2018
Building and Building Improvements [Member] \| Minimum [Member]
Estimated useful lives of property and equipment (Year)	7 years
Building and Building Improvements [Member] \| Maximum [Member]
Estimated useful lives of property and equipment (Year)	39 years
Machinery and Equipment [Member] \| Minimum [Member]
Estimated useful lives of property and equipment (Year)	3 years
Machinery and Equipment [Member] \| Maximum [Member]
Estimated useful lives of property and equipment (Year)	7 years
Vehicles [Member] \| Maximum [Member]
Estimated useful lives of property and equipment (Year)	5 years

Note 2 - Summary of Significant Accounting Policies - Summary of Disaggregated Revenue (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Revenue	$ 291,006,698	$ 295,549,980
North Carolina [Member]
Revenue	138,790,263	140,933,148
FLORIDA
Revenue	88,670,044	87,174,466
Georgia [Member]
Revenue	$ 63,546,391	$ 67,442,366

Note 3 - Accounts Receivable, Net (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017	Jan. 01, 2017	Dec. 31, 2016
Accounts receivable	$ 15,064,580	$ 15,267,962
Less: allowance for doubtful accounts	(658,104)	(567,108)	$ (567,108)	$ (670,280)
Accounts receivable, net	$ 14,406,476	$ 14,700,854

Note 3 - Accounts Receivable, Net - Allowance for Doubtful Accounts (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Beginning balance	$ 567,108	$ 670,280
Provision for doubtful accounts	119,329	2,209,866
Less: write off/recovery	(28,333)	(324,158)
Ending balance	$ 658,104	$ 567,108

Note 4 - Notes Receivable (Details Textual) - Line of Credit [Member] - Feilong Trading, Inc, [Member] - Promissory Note Agreement [Member] - USD ($)	Sep. 30, 2018	Dec. 31, 2018
Line of Credit Facility, Maximum Borrowing Capacity	$ 4,000,000
Line of Credit Facility, Interest Rate at Period End	5.00%
Financing Receivable, Net, Total		$ 3,803,826
Debt Instrument, Maturity Date	Sep. 30, 2019

Note 5 - Property and Equipment, Net (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Depreciation, Total	$ 2,134,832	$ 2,004,374

Note 5 - Property and Equipment, Net - Property and Equipment (Details) - USD ($)	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Property and equipment, gross		$ 40,280,575	$ 37,917,232
Less: accumulated depreciation		(18,170,554)	(16,207,765)
Property and equipment, net	$ 22,650,021	22,650,021	21,709,467
Land [Member]
Property and equipment, gross		1,608,647	1,608,647
Building and Building Improvements [Member]
Property and equipment, gross		18,784,628	18,589,496
Machinery and Equipment [Member]
Property and equipment, gross		10,160,205	9,430,221
Vehicles [Member]
Property and equipment, gross		$ 10,267,095	$ 8,288,868

Note 6 - Lines of Credit (Details Textual) - Line of Credit Agreement [Member] - Revolving Credit Facility [Member] - USD ($)		1 Months Ended	12 Months Ended
	Jul. 01, 2016	Jan. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Nov. 14, 2012
Han Feng, Inc. ("Han Feng") [Member] \| East West Bank [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 14,500,000
Line of Credit Facility, Interest Rate at Period End			5.35%
Line of Credit Facility, Average Outstanding Amount			$ 5,644,000	$ 9,344,000
Han Feng, Inc. ("Han Feng") [Member] \| East West Bank [Member] \| Maximum [Member]
Debt Instrument, Interest Rate, Stated Percentage	3.25%
Han Feng, Inc. ("Han Feng") [Member] \| East West Bank [Member] \| Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	0.15%
New Southern Food Distributors, Inc. ("NSF") [Member] \| Bank of America [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 5,000,000			$ 4,000,000
Line of Credit Facility, Interest Rate at Period End			3.99%
Line of Credit Facility, Average Outstanding Amount			$ 2,550,146	$ 2,550,146
New Southern Food Distributors, Inc. ("NSF") [Member] \| Bank of America [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		2.75%

Note 7 - Long-term Debt (Details Textual)	Dec. 31, 2018 USD ($)
East West Bank [Member]
Debt Instrument, Collateral Amount	$ 3,642,215
Capital Bank [Member]
Debt Instrument, Collateral Amount	3,116,687
Bank of America [Member]
Debt Instrument, Collateral Amount	$ 1,684,898

Note 7 - Long-term Debt (Details) - USD ($)

Dec. 31, 2018

Dec. 31, 2017

$ 14,565,295

$ 15,621,704

14,565,295

15,621,704

Less: current portion

(1,455,441)

(1,372,125)

Long-term debt

13,109,854

14,249,579

East West Bank [Member]

^[1]

5,053,539

5,220,809

East West Bank [Member] | Minimum [Member]

^[1]

$ 5,053,539

5,220,809

East West Bank [Member] | Maximum [Member]

^[1]

5.27%

^[1]

5.75%

Capital Bank [Member]

^[2]

3.85%

^[2]

$ 5,138,988

5,333,677

^[2]

$ 5,138,988

5,333,677

Bank of America [Member]

^[3]

5.18%

^[3]

$ 1,363,211

2,262,500

Bank of Montreal [Member]

^[3]

1,363,211

2,262,500

^[4]

2,256,724

1,071,398

Bank of Montreal [Member] | Minimum [Member]

^[4]

$ 2,256,724

1,071,398

Bank of Montreal [Member] | Maximum [Member]

^[4]

5.17%

^[4]

6.17%

GE Capital [Member]

^[4]

5.94%

^[4]

36,359

Other Finance Companies [Member]

^[4]

36,359

^[5]

752,833

1,696,961

Other Finance Companies [Member] | Minimum [Member]

^[5]

$ 752,833

$ 1,696,961

Other Finance Companies [Member] | Maximum [Member]

^[5]

5.75%

^[5]

7.45%

[1]	Guaranteed by two shareholders of the Company, as well as five subsidiaries of the Company, Han Feng, TT, MFD, R&N Holding and R&N Lexington. Also secured by assets of Han Feng and R&N Lexington and R&N Holding, two real properties of R&N Holding, and a real property of R&N Lexington. Balloon payment of these long-term debts is $3,642,215.
[2]	Guaranteed by two shareholders, as well as Han Feng, one subsidiary of the Company. Also secured by a real property owned by HG Realty. Balloon payment of this debt is $3,116,687.
[3]	Guaranteed by two shareholders, as well as two subsidiaries of the Company, NSF and BB. Secured by a real property, equipment and fixtures, inventories, receivables and all other personal property owned by NSF. Balloon payment of this long-term debt is $1,684,898.
[4]	Not collateralized or guaranteed.
[5]	Secured by vehicles.

Note 7 - Long-term Debt - Future Maturities (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
2019	$ 1,455,441
2020	1,304,686
2021	1,120,683
2022	4,677,260
2023	1,313,006
Thereafter	4,694,219
Total	$ 14,565,295	$ 15,621,704

Note 8 - Leases (Details Textual) - USD ($)					12 Months Ended
Note 8 - Leases (Details Textual) - USD ($)	Jul. 02, 2048	Jul. 02, 2033	Feb. 23, 2019	Jul. 02, 2018	Dec. 31, 2018	Dec. 31, 2017	Sep. 30, 2018
Property, Plant and Equipment, Gross, Ending Balance						$ 37,917,232	$ 40,280,575
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Ending Balance						16,207,765	18,170,554
Property, Plant and Equipment, Net, Ending Balance					$ 22,650,021	21,709,467	$ 22,650,021
Depreciation, Total					2,134,832	2,004,374
Operating Leases, Rent Expense, Net, Total					356,798	575,693
Jianping An [Member] \| AnHeart [Member] \| Subsequent Event [Member]
Ownership Interest, Transferred, Transfer Price			$ 20,000
Assets Held under Capital Leases [Member]
Property, Plant and Equipment, Gross, Ending Balance					1,484,911	1,297,900
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment, Ending Balance					810,753	535,590
Property, Plant and Equipment, Net, Ending Balance					674,157	762,310
Depreciation, Total					$ 275,163	$ 259,580
Forklift [Member]
Lessee, Operating Lease, Term of Contract					5 years
Real Estate Lease [Member]
Lessee, Operating Lease, Term of Contract					27 years
Building [Member] \| Lease for 273 Fifth Avenue, Manhattan,New York [Member]
Lessee, Operating Lease, Term of Contract				30 years
Annual Lease and Rental Expense				$ 325,000
Long-term Line of Credit, Total				$ 213,000
Building [Member] \| Lease for 273 Fifth Avenue, Manhattan,New York [Member] \| Scenario, Forecast [Member]
Annual Lease and Rental Expense	$ 1,047,000
Building [Member] \| Lease for 275 Fifth Avenue, Manhattan,New York [Member]
Lessee, Operating Lease, Term of Contract				15 years
Annual Lease and Rental Expense				$ 462,000
Lessee, Operating Lease, Renewal Term				10 years
Long-term Line of Credit, Total				$ 115,500
Building [Member] \| Lease for 275 Fifth Avenue, Manhattan,New York [Member] \| Scenario, Forecast [Member]
Annual Lease and Rental Expense		$ 760,878

Note 8 - Leases - Capital Lease Obligations (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Less: current portion	$ (164,894)	$ (434,003)
Obligations under capitalized leases payable after one year	120,705	118,535
Vehicles [Member]
Capital lease obligations	118,535	552,538
Computer Equipment [Member]
Capital lease obligations	$ 167,063

Note 8 - Leases - Capital Lease Obligations (Details) (Parentheticals) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Vehicles [Member]
Monthly installments	$ 40,470	$ 40,470
Interest rate	14.38%	14.38%
Computer Equipment [Member]
Monthly installments	$ 4,073	$ 4,073
Interest rate	5.30%	5.30%

Note 8 - Leases - Future Minimum Lease Obligations (Details)	Dec. 31, 2018 USD ($)
2019	$ 180,810
2020	42,030
2021	8,983
2022	297
2023
Thereafter
Total	$ 232,120

Note 9 - Taxes (Details Textual) - USD ($)	12 Months Ended
Note 9 - Taxes (Details Textual) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	34.00%
Deferred Tax Assets, Gross, Total		$ 398,699
Deferred Tax Liabilities, Gross, Total		$ 934,529

Note 9 - Taxes - Income Tax Provision (Benefit) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Current:
Federal	$ 1,474,467	$ 631,487
State	373,871	117,633
Current income tax provision	1,848,338	749,120
Deferred:
Federal	520,163	(104,771)
State	121,754	(21,083)
Deferred income tax expense (benefit)	641,917	(125,854)
Total income tax provision	$ 2,490,255	$ 623,266

Note 9 - Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets:
Allowance for doubtful accounts	$ 165,083	$ 139,947
Inventories	113,730	1,750
Section 481(a) adjustment	40,317	140,310
Accrued expenses	46,750	237,550
Total deferred tax assets	365,880	519,557
Deferred tax liabilities:
Property and equipment	(1,444,008)	(955,769)
Total deferred tax liabilities	(1,444,008)	(955,769)
Net deferred tax assets (liabilities)	(1,078,128)	(436,212)
Noncurrent deferred tax assets	117,933
Noncurrent deferred tax liabilities	(1,196,061)	(436,212)
Net deferred tax liabilities	$ (1,078,128)	$ (436,212)

Note 9 - Taxes - Reconciliation of Income Tax Rate (Details)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Federal statutory tax rate	21.00%	34.00%
State statutory tax rate	4.40%	6.00%
U.S. permanent difference	1.00%	(1.20%)
Others	1.70%
Effect of flow-through entities		(33.00%)
Effective tax rate	28.10%	5.80%

Note 9 - Taxes - Pro Forma Income Tax Provision (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Current:
Federal	$ 1,474,467	$ 631,487
State	373,871	117,633
Current income tax provision	1,848,338	749,120
Deferred:
Federal	520,163	(104,771)
State	121,754	(21,083)
Deferred income tax provision	641,917	(125,854)
Total income tax provision	$ 2,490,255	623,266
Pro Forma [Member]
Current:
Federal		3,677,489
State		478,675
Current income tax provision		4,156,164
Deferred:
Federal		(73,805)
State		(19,236)
Deferred income tax provision		(93,041)
Total income tax provision		$ 4,063,123

Note 9 - Taxes - Pro Forma Deferred Tax Assets and Liabilites (Details) - USD ($)	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets	$ 365,880	$ 519,557
Deferred tax liabilities	$ (1,444,008)	(955,769)
Pro Forma [Member]
Deferred tax assets		519,557
Deferred tax liabilities		(955,769)
Net deferred tax liabilities		$ (436,212)

Note 9 - Taxes - Pro Forma Earnings Per Share (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Pro forma net income		$ 6,638,213
Less: net income (loss) attributable to noncontrolling interest	$ 67,240	431,999
Pro forma net income attributable to HF Foods Group, Inc.	$ 6,286,455	$ 6,206,214
Pro forma earnings per common share - basic and diluted (in dollars per share)		$ 0.31
Pro forma weighted average shares - basic and diluted (in shares)		19,969,831

Note 10 - Related Party Transactions (Details Textual) - USD ($)			12 Months Ended
	Sep. 30, 2018	Mar. 01, 2018	Dec. 31, 2018	Dec. 31, 2017	Jan. 01, 2018	May 31, 2017
Notes Receivable, Related Parties			$ 8,540,949	$ 6,860,056
Notes, Loans and Financing Receivable, Net, Noncurrent, Total				764,493
Accounts Payable, Related Parties, Current			3,923,120	4,075,927
Contract with Customer, Liability, Current			166,490	1,350,296
Property, Plant and Equipment, Net, Ending Balance	$ 22,650,021		22,650,021	21,709,467
Depreciation, Total			2,134,832	2,004,374
Revenue from Contract with Customer, Including Assessed Tax			291,006,698	295,549,980
Related Party Transaction, Purchases from Related Party			31,676,828	32,221,005
NSG International Inc [Member]
Notes Receivable, Related Parties			6,092,397	5,993,552
Eastern Fresh LLC [Member]
Notes Receivable, Related Parties				316,504
R&N Holdings [Member] \| Building [Member]
Property, Plant and Equipment, Net, Ending Balance			400,000	400,000
Depreciation, Total			100,000	89,743
Rental Income, Nonoperating			45,600	45,600
HG Realty [Member] \| Building [Member]
Property, Plant and Equipment, Net, Ending Balance			3,223,745	3,223,745
Depreciation, Total			433,966	351,306
Rental Income, Nonoperating			480,000	490,000
Related Parties [Member]
Revenue from Contract with Customer, Including Assessed Tax			18,147,003	18,449,864
Enson Seafood GA Inc [Member]
Notes Receivable, Related Parties			$ 1,987,241	$ 550,000
Promissory Note Agreement [Member] \| Eastern Fresh LLC [Member]
Debt Instrument, Interest Rate, Stated Percentage						5.00%
Notes, Loans and Financing Receivable, Net, Noncurrent, Total						$ 1,000,000
Promissory Note Agreement [Member] \| Enson Seafood GA Inc [Member]
Notes Payable, Total	$ 2,000,000				$ 550,000
Debt Instrument, Interest Rate, Stated Percentage	5.00%		5.00%
Debt Instrument, Periodic Payment, Total	$ 171,214.96
Debt Instrument, Term	1 year
Promissory Note Agreement [Member] \| NSG International Inc [Member]
Notes Payable, Total					$ 5,993,552
Debt Instrument, Interest Rate, Stated Percentage					5.00%
Promissory Note Agreement [Member] \| Revolution Automotive LLC [Member]
Notes Payable, Total		$ 483,628
Debt Instrument, Interest Rate, Stated Percentage		5.00%
Debt Instrument, Periodic Payment, Total		$ 5,000
Debt Instrument, Term		5 years
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid		$ 284,453
Allstate Trading Company Inc [Member] \| Mr Zhou Min Ni [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			40.00%
Enson Seafood GA Inc [Member] \| Mr Zhou Min Ni [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			50.00%
Eagle Food Service LLC [Member] \| Tina Ni [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			50.00%
Fortune One Foods Inc [Member] \| Mr Zhou Min Ni [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			17.50%
Eastern Fresh LLC [Member] \| Mr Zhou Min Ni [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			30.00%
New Marco Foods Inc [Member] \| Mr Zhou Min Ni [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			30.00%
Enson Trading LLC [Member] \| Mr Zhou Min Ni [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			25.00%
Enson Philadelphia Inc [Member] \| Mr Zhou Min Ni [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			25.00%
Hengfeng Food Service Inc [Member] \| Mr Zhou Min Ni [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			45.00%
Ocean Pacific Seafood Group [Member] \| Mr Zhou Min Ni [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			25.00%
Han Feng Information Tech Jinhua Inc [Member] \| Mr Zhou Min Ni [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			37.00%
NSG International Inc [Member] \| Mr Zhou Min Ni [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			30.00%
Revolution Industry LLC [Member] \| Mr Zhou Min Ni [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			100.00%
Revolution Automotive LLC [Member] \| Raymond Ni [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			100.00%
First Choice Seafood [Member] \| Mr Zhou Min Ni [Member] \| Enson Seafood GA Inc [Member]
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners			50.00%

Note 10 - Related Party Transactions - Summary of Accounts Receivable With Related Parties (Details) - USD ($)

Dec. 31, 2018

Dec. 31, 2017

Allstate Trading Company Inc [Member]

$ 2,292,151

$ 1,586,420

Enson Seafood GA Inc [Member]

^[1]

1,000

176,660

Eagle Food Service LLC [Member]

^[2]

255,412

87,814

Fortune One Foods Inc [Member]

^[3]

817,275

656,799

Eastern Fresh LLC [Member]

^[4]

130,314

154,904

New Marco Foods Inc [Member]

^[5]

784,836

340,114

Enson Trading LLC [Member]

^[6]

170,129

Enson Philadelphia Inc [Member]

^[7]

170,633

Hengfeng Food Service Inc [Member]

^[8]

49,027

^[9]

$ 83,654

[1]	Mr. Zhou Min Ni, the Chairman and Chief Executive Officer of the Company, owns 40% equity interest of this entity;
[2]	Mr. Zhou Min Ni owns 50% equity interest of this entity;
[3]	Tina Ni, one of Mr. Zhou Min Ni's family member owns 50% equity interest of this entity;
[4]	Mr. Zhou Min Ni owns 17.5% equity interest of this entity;
[5]	Mr. Zhou Min Ni owns 30% equity interest of this entity;
[6]	Mr. Zhou Min Ni owns 30% equity interest of this entity.
[7]	Mr. Zhou Min Ni owns 25% equity interest of Enson Trading LLC.
[8]	Mr. Zhou Min Ni owns 25% equity interest of Enson Philadelphia Inc.
[9]	Mr. Zhou Min Ni owns 45% equity interest of Hengfeng Food Service Inc.

Note 10 - Related Party Transactions - Summary of Advances to Related Party Suppliers (Details) - USD ($)

Dec. 31, 2018

Dec. 31, 2017

Enson Seafood GA Inc [Member]

$ 1,526,482

$ 3,248,309

Ocean Pacific Seafood Group [Member]

^[1]

2,978,161

Han Feng Information Tech Jinhua Inc [Member]

^[2]

208,960

145,888

NSG International Inc [Member]

^[3]

5,167

Revolution Industry LLC [Member]

^[4]

119,093

First Choice Seafood [Member]

^[5]

329,394

^[6]

$ 988,128

[1]	Mr. Zhou Min Ni owns 50% equity interest of this entity. The large advances to Enson Seafood GA Inc. ("Enson Seafood") made in 2017 was a result of the Company's decision to take advantage of the large refrigerated facilities owned by Enson Seafood. The Company made these advances to Enson Seafood for the purchases of large quantities of frozen foods. Enson Seafood takes possession of these frozen goods until they are shipped based on the Company's sales orders. The Company did not include these advanced purchases in its inventory since the title and risk of these goods remained with Enson Seafood;
[2]	Mr. Zhou Min Ni owns 25% equity interest of this entity;
[3]	Mr. Zhou Min Ni owns 37% of its equity interest;
[4]	Mr. Zhou Min Ni owns 30% of its equity interest;
[5]	The son of Mr. Zhou Min N, Raymond Ni owns 100% of Revolution Industry LLC;
[6]	First Choice Seafood is owned by Enson Seafood GA Inc, as described in (1).

Note 10 - Related Party Transactions - Outstanding Loans to Various Partners (Details) - USD ($)

Dec. 31, 2018

Dec. 31, 2017

$ 8,540,949

$ 6,860,056

8,540,949

6,860,056

Less: Current portion

8,117,686

Enson Seafood GA Inc [Member]

423,263

6,860,056

1,987,241

550,000

NSG International Inc [Member]

1,987,241

550,000

6,092,397

5,993,552

Eastern Fresh LLC [Member]

6,092,397

5,993,552

316,504

Revolution Automotive LLC [Member]

316,504

^[1]

461,311