View Filing Data

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 Combination

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

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

June 5, 2018,

AnHeart Inc. (“AnHeart”) was incorporated and

100%

owned by HF Holding. On

February 23, 2019,

HF Holding 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

3 Months Ended

Mar. 31, 2019

Significant Accounting Policies [Text Block]

NOTE

- SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation and Principles of Consolidation

The Company’s unaudited condensed consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). The unaudited condensed consolidated financial statements include the financial statements of HF Holding and its subsidiaries. All material intercompany accounts and transactions have been eliminated in consolidation.

The unaudited interim condensed consolidated financial information as of

March 31, 2019

and for the

three

months ended

March 31, 2019

and

2018

have been prepared, pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”). Certain information and footnote disclosures, which are normally included in annual financial statements prepared in accordance with U.S. GAAP, have been omitted pursuant to those rules and regulations. The unaudited interim condensed consolidated financial information should be read in conjunction with the audited consolidated financial statements and the notes thereto for the fiscal years ended

December 31, 2018

and

2017.

In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair presentation of the Company’s financial position as of

March 31, 2019,

its results of operations and its cash flows for the

three

months ended

March 31, 2019

and

2018,

as applicable, have been made. The unaudited interim results of operations are

not

necessarily indicative of the operating results for the full fiscal year or any future periods.

Noncontrolling interests

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 and comprehensive income.

Uses of estimates

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. Actual results could differ from these estimates.

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

March 31, 2019,

and

December 31, 2018,

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

March 31, 2019,

and

December 31, 2018,

the allowances for doubtful accounts were

$555,053

and

$658,104,

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

three

months ended

March 31, 2019

and

2018.

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
	(in 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 and comprehensive 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

March 31, 2019

and

December 31, 2018.

Revenue recognition

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 the Company’s 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 unaudited condensed consolidated balance sheets as accounts receivable and advance from customers as of

March 31, 2019

and

December 31, 2018.

For the

three

months ended

March 31, 2019,

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 Three Months Ended
	March 31, 2019		March 31, 2018
North Carolina	$	35,259,767	$	34,997,667
Florida		23,130,742		23,153,538
Georgia		16,410,513		16,429,566
Total	$	74,801,022	$	74,580,771

Shipping and handling costs

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

$1,051,120

and

$1,073,793

for the

three

months ended

March 31, 2019

and

2018,

respectively.

Income taxes

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 were any uncertain tax positions at

March 31, 2019

and

December 31, 2018.

Leases

January 1, 2019

the Company adopted Accounting Standards Update (“ASU”)

2016

02.

For all leases that were entered into prior to the effective date of ASC

842,

we elected to apply the package of practical expedients. Based on this guidance we will

not

reassess the following: (

) whether any expired or existing contracts are or contain leases; (

) the lease classification for any expired or existing leases; and (

) initial direct costs for any existing leases. The new standard was adopted in the current quarter and did

not

have a material impact on the Company’s consolidated balance sheets or on our consolidated income statements. The adoption of Topic

842

resulted in the presentation of

$95,931

of operating lease assets and operating lease liabilities on the consolidated balance sheet as of

March 31, 2019.

See Note

for additional information.

The Company determines if an arrangement is a lease at inception. Operating leases are included in operating lease right-of-use (“ROU”) assets, current portion of obligations under operating leases, and obligations under operating leases, non-current on the Company’s consolidated balance sheets. Finance leases are included in property and equipment, net, current portion of obligations under capital leases, and obligations under capital leases, non-current on our consolidated balance sheets.

Operating lease ROU assets and operating lease liabilities are recognized based on the present value of the future minimum lease payments over the lease term at commencement date. As most of the Company’s leases do

not

provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at commencement date in determining the present value of future payments. The operating lease ROU asset also includes any lease payments made and excludes lease incentives and initial direct costs incurred. The Company’s terms

may

include options to extend or terminate the lease when it is reasonably certain that the Company will exercise that option. Lease expense for minimum lease payments is recognized on a straight-line basis over the lease term.

Earnings per 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

three

months ended

March 31, 2019

and

2018.

Fair value of financial instruments

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 credit risk

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

March 31, 2019

and

December 31, 2018.

For the

three

months ended

March 31, 2019

and

2018,

supplier accounted for more than

10%

of the total cost of revenue. As of

March 31, 2019,

three

suppliers accounted for

54%,

16%

and

15%

of total advance payments and these

three

suppliers accounted for

64%,

19%

and

17%

of advance payments to related parties, respectively. 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.

Recent accounting pronouncements

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 has

not

early adopted this update and it will become effective on

July 1, 2020.

The Company is currently evaluating the impact of our 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 has

not

early adopted this update and it will become effective on

July 1, 2019.

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

3 Months Ended

Mar. 31, 2019

Financing Receivables [Text Block]

NOTE

- ACCOUNTS RECEIVABLE, NET

Accounts receivable consisted of the following:

	As of
	March 31, 2019			December 31, 2018
Accounts receivable	$	15,931,660		$	15,064,580
Less: Allowance for Doubtful Accounts		(555,053	)		(658,104	)
Accounts receivable, net	$	15,376,607		$	14,406,476

Movement of allowance for doubtful accounts is as follows:

	For the Three Months Ended
	March 31, 2019			March 31, 2018
Beginning Balance	$	658,104		$	567,108
Provision for doubtful accounts		(99,678	)		118,045
Less: write off/recover		(3,373	)		(12,722	)
Ending balance	$	555,053		$	672,431

Note 4 - Notes Receivable	3 Months Ended
Note 4 - Notes Receivable	Mar. 31, 2019
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 March 31, 2019, and December 31, 2018, outstanding balance of the notes receivable were $3,912,576 and $3,803,826, respectively. On March 1, 2019, the Company and Feilong Trading, Inc agreed to extend the expiration date to March 1, 2024 and will be repaid monthly. The note is guaranteed by the Company’s major shareholder Mr. Zhou Min Ni.

Note 5 - Property and Equipment, Net

3 Months Ended

Mar. 31, 2019

Property, Plant and Equipment Disclosure [Text Block]

NOTE

- PROPERTY AND EQUIPMENT, NET

Property and equipment, net consisted of the following:

	As of
	March 31, 2019			December 31, 2018
Land	$	1,608,647		$	1,608,647
Buildings and improvements		18,784,628			18,784,628
Machinery and equipment		9,545,154			10,160,205
Motor vehicles		11,641,656			10,267,095
Subtotal		41,580,085			40,820,575
Less: Accumulated depreciation		(16,997,434	)		(18,170,554	)
Property and equipment, net	$	24,582,651		$	22,650,021

Depreciation expense was

$707,396

and

$496,095

for the

three

months ended

March 31, 2019

and

2018,

respectively.

Note 6 - Lines of Credit	3 Months Ended
Note 6 - Lines of Credit	Mar. 31, 2019
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 provides 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 March 31, 2019). The outstanding balance on the line of credit as at March 31, 2019 and December 31, 2018 was $6,144,000 and $5,644,000, respectively. The line of credit agreement contains certain financial covenants which, among other things, require Han Feng to maintain certain financial ratios. At March 31, 2019 and December 31, 2018, 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, another of the Company’s operating subsidiaries, 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 originally due in January 2018 and subsequently extended to February 2020. Interest is based on the LIBOR rate plus 2.75% ( 5.2486% at March 31, 2019). The outstanding balance on the line of credit as at March 31, 2019 and December 31, 2018 was $950,146 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 March 31, 2019, NSF was in compliance with the covenants under the line of credit agreement. At December 31, 2018, NSF was not in compliance with the covenants under the line of credit agreement. The Company received a waiver from the bank on March 11, 2019.

Note 7 - Long-term Debt

3 Months Ended

Mar. 31, 2019

Long-term Debt [Text Block]

NOTE

- LONG-TERM DEBT

Long-term debt at

March 31, 2019

and

December 31, 2018

is as follows:

					As of
Bank Name	Maturity	Interest rate at March 31, 2019			March 31, 2019			December 31, 2018
East West Bank – (b)	June 2022–August 2027	4.25%	-	5.75%	$	5,010,424		$	5,053,539
Capital Bank – (c)	October 2027		3.85%			5,092,102			5,138,988
Bank of America – (d)	February 2023	5.132%	-	5.509%		3,116,159			1,363,211
Bank of Montreal – (a)	April 2022–January 2024	5.87%	-	5.99%		722,470			2,256,724
Peoples United Bank – (e)	March 2019–January 2023	5.75%	-	7.53%		1,506,650			752,833
Other finance companies	April 2023–March 2024	5.95%	-	6.17%		667,060			---

Total debt					$	16,114,865		$	14,565,295
Less: current portion						(1,706,839	)		(1,455,441	)
Long-term debt					$	14,408,026		$	13,109,854

The terms of the various loan agreements relating 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 worth and debt service coverage. As of

March 31, 2019,

and

December 31, 2018,

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, a 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

March

31,2019

are as follows:

Twelve months ending March 31
2020	$	1,706,839
2021		1,651,494
2022		2,874,511
2023		2,764,886
2024		420,570
Thereafter		6,696,565
Total	$	16,114,865

Note 8 - Leases

3 Months Ended

Mar. 31, 2019

Lessee, Operating and Finance Leases [Text Block]

NOTE

- LEASES

The Company has operating and finance leases for vehicles or delivery trucks, forklifts and computer equipment with various expiration dates through

2021.

The Company determines whether an arrangement is or includes an embedded lease at contract inception. Operating lease assets and lease liabilities are recognized at commencement date and initially measured based on the present value of lease payments over the defined lease term. Lease expense is recognized on a straight-line basis over the lease term. For finance leases, we also recognize a finance lease asset and finance lease liability at inception, with lease expense recognized as interest expense and amortization.

Operating Leases

The components of operating lease expense were as follows:

		Three Months Ended as of March 31, 2019
Operating lease cost		$	164,752

Supplemental cash flow information related to leases was as follows:

	Three Months Ended as of March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	164,752

Supplemental balance sheet information related to leases was as follows:

	As of March 31, 2019
Operating Leases
Operating lease right-of-use assets	$	95,931
Current portion of obligations under operating leases	$	39,191
Obligations under operating leases, non-current		56,740
Total operating lease liabilities	$	95,931

Weighted Average Remaining Lease Term
Operating leases		31

Weighted Average Discount Rate
Operating leases		5.11	%

Finance Leases

The components of finance lease expense were as follows:

	Three Months Ended
	March 31, 2019		March 31, 2018
Finance lease cost:
Amortization of right-of-use assets	$	145,879	$	64,895
Interest on lease liabilities		32,327		18,646
Total finance lease cost	$	178,206	$	83,541

Supplemental cash flow information related to leases was as follows:

	Three Months Ended
	March 31, 2019		March 31, 2018
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	32,327	$	18,646
Financing cash flows from finance leases	$	182,512	$	102,764
Right-of-use assets obtained in exchange for lease obligations:
Finance leases	$	1,432,662	$	—

Supplemental balance sheet information related to leases was as follows:

	March 31, 2019			December 31, 2018
Finance Leases
Property and equipment, at cost	$	2,917,573		$	1,484,911
Accumulated depreciation	$	(956,632	)	$	(810,753	)
Property and equipment, net	$	1,960,941		$	674,158

Current portion of obligations under capital leases	$	262,904		$	164,894
Obligations under capital leases, non-current	$	1,272,845		$	120,705
Total finance lease liabilities	$	1,535,749		$	285,599

Weighted Average Remaining Lease Term
Finance leases		63			27

Weighted Average Discount Rate
Finance leases		7.49	%		8.05	%

Maturities of lease liabilities were as follows:

Twelve months ending March 31	Operating Leases			Finance Leases
2020	$	44,498		$	373,715
2021		33,878			373,715
2022		22,495			352,151
2023		1,733			334,224
2024		—			295,250
Thereafter		—			162,142
Total Lease Payments		102,604			1,891,197
Less Imputed Interest		(6,673	)		(355,448	)
Total	$	95,931		$	1,535,749

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.

February 23, 2019,

HF Holding 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 was completed on

May 2, 2019.

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.

Note 9 - Taxes

3 Months Ended

Mar. 31, 2019

Income Tax Disclosure [Text Block]

NOTE

- TAXES

A. Corporate Income Taxes (“CIT”)

Prior to

January 1, 2018,

Han Feng, TT, MFD, Kirnsway, Chinesetg, NSF and BB have been elected under the Internal Revenue Code to be S corporations. R&N Holdings, R&N Lexington and HG realty are 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 is 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.

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 three months ended March 31, 2019 and 2018 consists of the following:

	For the three months ended
	March 31, 2019		March 31, 2018
Current:
Federal	$	392,484	$	420,018
State	$	139,388	$	86,860
Current income tax provision	$	531,872	$	506,878
Deferred:
Federal	$	103,060	$	(3,972	)
State	$	12,707	$	575
Deferred income tax provision (benefit)	$	115,767	$	(3,397	)
Total income tax provision	$	647,639	$	503,481

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

	As of
	March 31,			December 31,
	2019			2018
Deferred tax assets:
Allowance for doubtful accounts	$	137,934		$	165,083
Inventories		119,859			113,730
Section 481(a) adjustment					40,317
Other accrued expenses		88,835			46,750
Total deferred tax assets		346,628			365,880
Deferred tax liabilities:
Property and equipment		(1,540,524	)		(1,444,008	)
Total deferred tax liabilities	$	(1,193,896	)	$	(1,078,128	)

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

	As of
	March 31,			December 31,
	2019			2018
Noncurrent deferred tax assets:	$	90,131		$	117,933
Noncurrent deferred tax liabilities		(1,284,027	)		(1,196,061	)
Net deferred tax liabilities		(1,193,896	)		(1,078,128	)

(iii)

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

	For the Three Months Ended
	March 31,			March 31,
	2019			2018
Federal statutory tax rate		21.0	%		21.0	%
State statutory tax rate		5.2	%		4.6	%
U.S. permanent difference		0.3	%		1.0	%
Effective tax rate		26.5	%		26.6	%

Note 10 - Related Party Transactions

3 Months Ended

Mar. 31, 2019

NOTE

– RELATED PARTY TRANSACTIONS

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

March

31,

2019

and

December 31, 2018

and for the

three

months ended

March 31, 2019

and,

2018

are identified as follows:

Related party balances:

a.	Accounts receivable - related parties, net

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

March 31, 2019

and

December 31, 2018,

respectively:

	As of
	March 31,		December 31,
	2019		2018
Name of Related Party
(a) Allstate Trading Company Inc.	$	—	$	1,000
(b) Enson Seafood GA Inc. (formerly “GA-GW Seafood, Inc.”)		304,412		255,412
(c) Eagle Food Service LLC		957,640		817,275
(d) Fortune One Foods Inc.		79,916		130,314
(e) Eastern Fresh LLC		676,663		784,836
(f) Enson Trading LLC		—		170,633
(g) Hengfeng Food Service Inc.		48,008		83,654
(h) Enson Philadelphia Inc		78,422		49,027
Total	$	2,145,061	$	2,292,151

(a)	Mr. Zhou Min Ni, the Chairman and Chief Executive Officer of the Company, owns a 40% equity interest in this entity;

(b)	Mr. Zhou Min Ni owns a 50% equity interest in this entity;

(c)	Tina Ni, one of Mr. Zhou Min Ni’s family member owns a 50% equity interest in this entity;

(d)	Mr. Zhou Min Ni owns a 17.5% equity interest in this entity;

(e)	Mr. Zhou Min Ni owns a 30% equity interest in this entity;

(f)	Mr. Zhou Min Ni owns a 25% equity interest in this entity.

(g)	Mr. Zhou Min Ni owns a 45% equity interest in this entity.

(h)	Mr. Zhou Min Ni owns a 25% equity interest in this entity.

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

allowance is deemed necessary.

b.	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

March 31, 2019

and

December 31, 2018,

respectively:

	As of
	March 31, 2019		December 31, 2018
Name of Related Party
(1) Ocean Pacific Seafood Group	$	200,720	$	208,960
(2) Revolution Industry LLC		217,197		329,394
(3) First Choice Seafood Inc.		743,673		988,128
Total	$	1,161,590	$	1,526,482

(

)

Mr. Zhou Min Ni owns a

25%

equity interest in this entity;

(

)

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

100%

of Revolution Industry LLC;

(

)

First Choice Seafood is owned by Enson Seafood GA Inc. of which Mr. Zhou Min Ni owns a

50%

equity interest.

c.	Notes 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

March 31, 2019,

and

December 31, 2018,

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

	As of
	March 31, 2019		December 31, 2018
Name of Related Party
Enson Seafood GA Inc. (formerly “GA-GW Seafood, Inc.”)	$	2,056,691	$	1,987,241
NSG International Inc. (“NSG”) (1)		6,136,262		6,092,397
Revolution Automotive LLC (“Revolution Automotive”) (2)		451,978		461,311
Total	$	8,644,931	$	8,540,949
Less: Current portion	$	952,592	$	8,117,686
Total	$	7,692,339	$	423,263

(

)

Mr. Zhou Min Ni, owns a

30%

equity interest in this entity.

(

)

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

were 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.

March 1, 2019

the Company signed a new

five

year-term promissory note agreement with Enson Seafood that comprised a restatement and novation and superseded the note dated

September 30, 2018.

Pursuant to the new promissory note agreement, the outstanding balance of

$1,472,316

bears interest at the rate of

per annum on the update balance, Enson Seafood will pay monthly installments until principal and accrued interest is paid in full

later than

February

29,

2024.

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.

March 1, 2019

the Company signed a new

five

year-term promissory note agreement with NSG that comprised a restatement and novation and superseded the note dated

January 1, 2018.

Pursuant to the new promissory note agreement, the outstanding balance of

$6,140,676

together with interest at the rate of

per annum on the update. NSG will pay monthly installments until principal and accrued interest is paid in full

later than

February

29,

2024.

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.

d.	Accounts payable - related parties

As of

March 31, 2019

and

December 31, 2018,

the Company had a total accounts payable balance of

$2,823,142

and

$3,923,120

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.

e.	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

$119,947

and

$166,490

as of

March 31, 2019

and

December 31, 2018,

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

2024.

The cost of the leased building is

$400,000

March 31, 2019

and

December 31, 2018,

and the accumulated depreciation of the leased building is

$102,564

and

$100,000

March 31, 2019

and

December 31, 2018,

respectively. Rental income for the

three

months ended

March 31, 2019

and

March 31, 2018

were

$11,400

and

$11,400,

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

March

31,

2019

and

December 31, 2018,

and the accumulated depreciation of the leased building is

$454,631

and

$433,966

as at

March 31, 2019

and

December 31, 2018,

respectively. Rental income for the

three

months ended

March 31, 2019

and

March 31, 2018

were

$120,000

and

$120,000,

respectively.

Related party sales and purchases transactions:

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

$4,497,111

and

$4,704,861

for the

three

months ended

March 31, 2019

and

2018,

respectively. The total purchases made from related parties were

$8,932,217

and

$7,134,760

for the

three

months ended

March 31, 2019

and

2018,

respectively.

Note 11 - Segment Reporting

3 Months Ended

Mar. 31, 2019

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

three

months ended

March 31, 2019

and

2018,

respectively:

	For the Three Months Ended
	March 31, 2019		March 31, 2018
Sales to independent restaurants	$	70,123,135	$	69,875,910
Wholesale		4,677,887		4,704,861
Total	$	74,801,022	$	74,580,771

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

	For the Three Months Ended March 31, 2019
	Sales to independent restaurants		Wholesale		Total
Revenue	$	70,123,135	$	4,677,887	$	74,801,022
Cost of revenue		57,560,246		4,533,920		62,094,166
Gross profit	$	12,562,889	$	143,967	$	12,706,856
Depreciation and amortization	$	663,157	$	44,239	$	707,396
Total capital expenditures	$	1,260,470	$	84,085	$	1,344,555

	For the Three Months Ended March 31, 2018
	Sales to independent restaurants		Wholesale		Total
Revenue	$	69,875,910	$	4,704,861	$	74,580,771
Cost of revenue		57,866,544		4,610,161		62,476,705
Gross profit	$	12,009,366	$	94,700	$	12,104,066
Depreciation and amortization	$	463,283	$	32,812	$	496,095
Total capital expenditures	$	1,260,424	$	89,269	$	1,349,693

	As of March 31, 2019		As of December 31, 2018
Total assets:
Sales to independent restaurants	$	82,197,729	$	77,138,353
Wholesale		5,483,379		5,338,054
Total Assets	$	87,681,108	$	82,476,407

Note 12 - Subsequent Events	3 Months Ended
Note 12 - Subsequent Events	Mar. 31, 2019
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 12 – SUBSEQUENT EVENTS On April 18, 2019, the Company, Han Feng, NSF and Kirnland entered into a Credit Agreement (the “Credit Agreement”) with East West Bank. The Credit Agreement provides for a $25 million secured line of credit facility available to be used in one or more revolving loans to the Company’s domestic subsidiaries that are parties to the Credit Agreement for working capital and general corporate purposes. Han Feng, NSF and Kirnland (the “Borrower Subsidiaries”) are the borrowers and the Company and each of its other material subsidiaries are guarantors of all of the obligations under the Credit Agreement. The line of credit matures on August 18, 2021. Contemporaneously with the execution of the Credit Agreement, existing senior debt of the Borrower Subsidiaries in the amount of $6,111,692 was paid from revolving loans drawn on the line of credit. Under the Credit Agreement, the Borrower Subsidiaries will pay interest on the principal amounts drawn on the line of credit at a rate per annum equal to (a) 0.375% below the Prime Rate in effect from time to time, or (b) 2.20% above the LIBOR Rate in effect from to time, depending on the rate elected at the time a borrowing request is made, but in no event shall the interest rate of any revolving loan at any time be less than 4.214% per annum. The Credit Agreement contains financial covenants which, among other things, require the Company to maintain certain financial ratios. On April 25, 2019, R & N, LLC entered into an agreement to purchase a vacant warehouse in Charlotte, North Carolina for $3,225,000. The purpose of the acquisition is to expand the frozen food storage capacity of the Company as well as establishing a base of operations in the Charlotte metropolitan area. The location in Charlotte will facilitate serving customers in the largest metropolitan area of North Carolina and the state of South Carolina. There is additional space in the building that can be leased to other tenants at favorable leasing rates, serving to defray some portion of the Corporation’s expense of acquisition.

Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2019

Accounting Policies [Abstract]

Basis of Accounting, Policy [Policy Text Block]

Basis of Presentation and Principles of Consolidation

The unaudited interim condensed consolidated financial information as of

March 31, 2019

and for the

three

months ended

March 31, 2019

and

2018

December 31, 2018

and

2017.

In the opinion of management, all adjustments (which include normal recurring adjustments) necessary to present a fair presentation of the Company’s financial position as of

March 31, 2019,

its results of operations and its cash flows for the

three

months ended

March 31, 2019

and

2018,

as applicable, have been made. The unaudited interim results of operations are

not

necessarily indicative of the operating results for the full fiscal year or any future periods.

Consolidation, Policy [Policy Text Block]

Noncontrolling interests

Use of Estimates, Policy [Policy Text Block]

Uses of estimates

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

March 31, 2019,

and

December 31, 2018,

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

March 31, 2019,

and

December 31, 2018,

the allowances for doubtful accounts were

$555,053

and

$658,104,

respectively.

Inventory, Policy [Policy Text Block]

Inventories

first

-in,

first

-out (FIFO) method.

inventory reserves were recorded for the

three

months ended

March 31, 2019

and

2018.

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

Property and Equipment

	Estimated Useful Lives
	(in 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

March 31, 2019

and

December 31, 2018.

Revenue from Contract with Customer [Policy Text Block]

Revenue recognition

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 unaudited condensed consolidated balance sheets as accounts receivable and advance from customers as of

March 31, 2019

and

December 31, 2018.

For the

three

months ended

March 31, 2019,

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

	For The Three Months Ended
	March 31, 2019		March 31, 2018
North Carolina	$	35,259,767	$	34,997,667
Florida		23,130,742		23,153,538
Georgia		16,410,513		16,429,566
Total	$	74,801,022	$	74,580,771

Shipping and Handling Expense [Policy Text Block]

Shipping and handling costs

$1,051,120

and

$1,073,793

for the

three

months ended

March 31, 2019

and

2018,

respectively.

Income Tax, Policy [Policy Text Block]

Income taxes

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 were any uncertain tax positions at

March 31, 2019

and

December 31, 2018.

Lessee, Leases [Policy Text Block]

Leases

January 1, 2019

the Company adopted Accounting Standards Update (“ASU”)

2016

02.

For all leases that were entered into prior to the effective date of ASC

842,

we elected to apply the package of practical expedients. Based on this guidance we will

not

reassess the following: (

) whether any expired or existing contracts are or contain leases; (

) the lease classification for any expired or existing leases; and (

) initial direct costs for any existing leases. The new standard was adopted in the current quarter and did

not

have a material impact on the Company’s consolidated balance sheets or on our consolidated income statements. The adoption of Topic

842

resulted in the presentation of

95,931

of operating lease assets and operating lease liabilities on the consolidated balance sheet as of

March 31, 2019.

See Note

for additional information.

not

may

Earnings Per Share, Policy [Policy Text Block]

Earnings per 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

three

months ended

March 31, 2019

and

2018.

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

Fair value of financial instruments

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 credit risk

Credit risk

Concentration risk

There were

receivables from any

one

customer representing more than

10%

of the Company’s consolidated gross accounts receivable at

March 31, 2019

and

December 31, 2018.

For the

three

months ended

March 31, 2019

and

2018,

supplier accounted for more than

10%

of the total cost of revenue. As of

March 31, 2019,

three

suppliers accounted for

54%,

16%

and

15%

of total advance payments and these

three

suppliers accounted for

64%,

19%

and

17%

of advance payments to related parties, respectively. 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.

New Accounting Pronouncements, Policy [Policy Text Block]

Recent accounting pronouncements

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 has

not

early adopted this update and it will become effective on

July 1, 2020.

The Company is currently evaluating the impact of our 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 has

not

early adopted this update and it will become effective on

July 1, 2019.

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)

3 Months Ended

Mar. 31, 2019

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

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

Note 2 - Summary of Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2019

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

	Estimated Useful Lives
	(in years)
Buildings And Improvements	7	-	39
Machinery And Equipment	3	-	7
Motor Vehicles		5

Disaggregation of Revenue [Table Text Block]

	For The Three Months Ended
	March 31, 2019		March 31, 2018
North Carolina	$	35,259,767	$	34,997,667
Florida		23,130,742		23,153,538
Georgia		16,410,513		16,429,566
Total	$	74,801,022	$	74,580,771

Note 3 - Accounts Receivable, Net (Tables)

3 Months Ended

Mar. 31, 2019

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

	As of
	March 31, 2019			December 31, 2018
Accounts receivable	$	15,931,660		$	15,064,580
Less: Allowance for Doubtful Accounts		(555,053	)		(658,104	)
Accounts receivable, net	$	15,376,607		$	14,406,476

Financing Receivable, Allowance for Credit Loss [Table Text Block]

	For the Three Months Ended
	March 31, 2019			March 31, 2018
Beginning Balance	$	658,104		$	567,108
Provision for doubtful accounts		(99,678	)		118,045
Less: write off/recover		(3,373	)		(12,722	)
Ending balance	$	555,053		$	672,431

Note 5 - Property and Equipment, Net (Tables)

3 Months Ended

Mar. 31, 2019

Property, Plant and Equipment [Table Text Block]

	As of
	March 31, 2019			December 31, 2018
Land	$	1,608,647		$	1,608,647
Buildings and improvements		18,784,628			18,784,628
Machinery and equipment		9,545,154			10,160,205
Motor vehicles		11,641,656			10,267,095
Subtotal		41,580,085			40,820,575
Less: Accumulated depreciation		(16,997,434	)		(18,170,554	)
Property and equipment, net	$	24,582,651		$	22,650,021

Note 7 - Long-term Debt (Tables)

3 Months Ended

Mar. 31, 2019

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

					As of
Bank Name	Maturity	Interest rate at March 31, 2019			March 31, 2019			December 31, 2018
East West Bank – (b)	June 2022–August 2027	4.25%	-	5.75%	$	5,010,424		$	5,053,539
Capital Bank – (c)	October 2027		3.85%			5,092,102			5,138,988
Bank of America – (d)	February 2023	5.132%	-	5.509%		3,116,159			1,363,211
Bank of Montreal – (a)	April 2022–January 2024	5.87%	-	5.99%		722,470			2,256,724
Peoples United Bank – (e)	March 2019–January 2023	5.75%	-	7.53%		1,506,650			752,833
Other finance companies	April 2023–March 2024	5.95%	-	6.17%		667,060			---

Total debt					$	16,114,865		$	14,565,295
Less: current portion						(1,706,839	)		(1,455,441	)
Long-term debt					$	14,408,026		$	13,109,854

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

Twelve months ending March 31
2020	$	1,706,839
2021		1,651,494
2022		2,874,511
2023		2,764,886
2024		420,570
Thereafter		6,696,565
Total	$	16,114,865

- 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
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-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
-Section 50
-Paragraph 8
-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
-SubTopic 470
-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)

3 Months Ended

Mar. 31, 2019

Lease, Cost [Table Text Block]

		Three Months Ended as of March 31, 2019
Operating lease cost		$	164,752

	Three Months Ended
	March 31, 2019		March 31, 2018
Finance lease cost:
Amortization of right-of-use assets	$	145,879	$	64,895
Interest on lease liabilities		32,327		18,646
Total finance lease cost	$	178,206	$	83,541

Operating and Finance Leases, Supplemental Cash Flow Information [Table Text Block]

	Three Months Ended as of March 31, 2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	164,752

	Three Months Ended
	March 31, 2019		March 31, 2018
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from finance leases	$	32,327	$	18,646
Financing cash flows from finance leases	$	182,512	$	102,764
Right-of-use assets obtained in exchange for lease obligations:
Finance leases	$	1,432,662	$	—

Operating and Finance Leases, Supplemental Balance Sheet Information [Table Text Block]

	As of March 31, 2019
Operating Leases
Operating lease right-of-use assets	$	95,931
Current portion of obligations under operating leases	$	39,191
Obligations under operating leases, non-current		56,740
Total operating lease liabilities	$	95,931

Weighted Average Remaining Lease Term
Operating leases		31

Weighted Average Discount Rate
Operating leases		5.11	%

	March 31, 2019			December 31, 2018
Finance Leases
Property and equipment, at cost	$	2,917,573		$	1,484,911
Accumulated depreciation	$	(956,632	)	$	(810,753	)
Property and equipment, net	$	1,960,941		$	674,158

Current portion of obligations under capital leases	$	262,904		$	164,894
Obligations under capital leases, non-current	$	1,272,845		$	120,705
Total finance lease liabilities	$	1,535,749		$	285,599

Weighted Average Remaining Lease Term
Finance leases		63			27

Weighted Average Discount Rate
Finance leases		7.49	%		8.05	%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Twelve months ending March 31	Operating Leases			Finance Leases
2020	$	44,498		$	373,715
2021		33,878			373,715
2022		22,495			352,151
2023		1,733			334,224
2024		—			295,250
Thereafter		—			162,142
Total Lease Payments		102,604			1,891,197
Less Imputed Interest		(6,673	)		(355,448	)
Total	$	95,931		$	1,535,749

Note 9 - Taxes (Tables)

3 Months Ended

Mar. 31, 2019

Federal Income Tax Note [Table Text Block]

	For the three months ended
	March 31, 2019		March 31, 2018
Current:
Federal	$	392,484	$	420,018
State	$	139,388	$	86,860
Current income tax provision	$	531,872	$	506,878
Deferred:
Federal	$	103,060	$	(3,972	)
State	$	12,707	$	575
Deferred income tax provision (benefit)	$	115,767	$	(3,397	)
Total income tax provision	$	647,639	$	503,481

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

	As of
	March 31,			December 31,
	2019			2018
Deferred tax assets:
Allowance for doubtful accounts	$	137,934		$	165,083
Inventories		119,859			113,730
Section 481(a) adjustment					40,317
Other accrued expenses		88,835			46,750
Total deferred tax assets		346,628			365,880
Deferred tax liabilities:
Property and equipment		(1,540,524	)		(1,444,008	)
Total deferred tax liabilities	$	(1,193,896	)	$	(1,078,128	)

	As of
	March 31,			December 31,
	2019			2018
Noncurrent deferred tax assets:	$	90,131		$	117,933
Noncurrent deferred tax liabilities		(1,284,027	)		(1,196,061	)
Net deferred tax liabilities		(1,193,896	)		(1,078,128	)

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

	For the Three Months Ended
	March 31,			March 31,
	2019			2018
Federal statutory tax rate		21.0	%		21.0	%
State statutory tax rate		5.2	%		4.6	%
U.S. permanent difference		0.3	%		1.0	%
Effective tax rate		26.5	%		26.6	%

Note 10 - Related Party Transactions (Tables)

3 Months Ended

Mar. 31, 2019

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;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">As of</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </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: 2.4pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:2.4pt;margin-right:4.25pt;margin-top:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </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: 9.25pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:9.25pt;margin-right:4.8pt;margin-top:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">December 31,</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </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: 2.4pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:2.4pt;margin-right:4.25pt;margin-top:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></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: 9.25pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:9.25pt;margin-right:4.8pt;margin-top:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2018</div></div></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; width: 70%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;"><div style="display: inline; text-decoration: underline;">Name of Related Party</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </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-bottom: 0pt; margin-top: 0pt;">(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: 2.4pt;">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 2.4pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">—</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 9.25pt;">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 9.25pt;"><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> </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-bottom: 0pt; margin-top: 0pt;">(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: 2.4pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">304,412</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: 9.25pt;"><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> </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-bottom: 0pt; margin-top: 0pt;">(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: 2.4pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">957,640</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: 9.25pt;"><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> </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-bottom: 0pt; margin-top: 0pt;">(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: 2.4pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">79,916</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: 9.25pt;"><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> </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-bottom: 0pt; margin-top: 0pt;">(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: 2.4pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">676,663</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: 9.25pt;"><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> </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-bottom: 0pt; margin-top: 0pt;">(f) 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: 2.4pt;"><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: 9.25pt;"><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> </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-bottom: 0pt; margin-top: 0pt;">(g) 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;"> </td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 2.4pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">48,008</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: 9.25pt;"><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; 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-bottom: 0pt; margin-top: 0pt;">(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: 2.4pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">78,422</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: 9.25pt;"><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> </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-bottom: 0pt; margin-top: 0pt;"><div style="display: inline; font-weight: bold;">Total</div></div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 2.4pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 2.4pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">2,145,061</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 9.25pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 9.25pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">2,292,151</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;"> </td> </tr> </table></div>

	As of
	March 31, 2019		December 31, 2018
Name of Related Party
(1) Ocean Pacific Seafood Group	$	200,720	$	208,960
(2) Revolution Industry LLC		217,197		329,394
(3) First Choice Seafood Inc.		743,673		988,128
Total	$	1,161,590	$	1,526,482

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;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td colspan="6" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-right:4.25pt;margin-top:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">As of</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 1px;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 1pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:1pt;margin-right:4.2pt;margin-top:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31, 2019</div></div></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; padding-bottom: 1px;"> </td> <td colspan="2" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 6.5pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:6.5pt;margin-right:4.25pt;margin-top:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">December 31, 2018</div></div></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; width: 70%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; text-decoration: underline;">Name of Related Party</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </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-bottom: 0pt; margin-top: 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;">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,056,691</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 5.65pt;">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 5.65pt;"><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> </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-bottom: 0pt; margin-top: 0pt;">NSG International Inc. (“NSG”) (1)</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;">6,136,262</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: 5.65pt;"><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> </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-bottom: 0pt; margin-top: 0pt;">Revolution Automotive LLC (“Revolution Automotive”) (2)</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;">451,978</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: 5.65pt;"><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; 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-bottom: 0pt; margin-top: 0pt;"><div style="display: inline; font-weight: bold;">Total</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; margin-left: 0pt;"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">8,644,931</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 5.65pt;"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 5.65pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">8,540,949</div></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-bottom: 0pt; margin-top: 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;">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">952,592</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 5.65pt;">$</td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 5.65pt;"><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; 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-bottom: 0pt; margin-top: 0pt;"><div style="display: inline; font-weight: bold;">Total</div></div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px;"> </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);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">7,692,339</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; padding-bottom: 3px;"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 5.65pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 12%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 5.65pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">423,263</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;"> </td> </tr> </table></div>

Note 11 - Segment Reporting (Tables)

3 Months Ended

Mar. 31, 2019

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

	For the Three Months Ended
	March 31, 2019		March 31, 2018
Sales to independent restaurants	$	70,123,135	$	69,875,910
Wholesale		4,677,887		4,704,861
Total	$	74,801,022	$	74,580,771

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

	For the Three Months Ended March 31, 2019
	Sales to independent restaurants		Wholesale		Total
Revenue	$	70,123,135	$	4,677,887	$	74,801,022
Cost of revenue		57,560,246		4,533,920		62,094,166
Gross profit	$	12,562,889	$	143,967	$	12,706,856
Depreciation and amortization	$	663,157	$	44,239	$	707,396
Total capital expenditures	$	1,260,470	$	84,085	$	1,344,555

	For the Three Months Ended March 31, 2018
	Sales to independent restaurants		Wholesale		Total
Revenue	$	69,875,910	$	4,704,861	$	74,580,771
Cost of revenue		57,866,544		4,610,161		62,476,705
Gross profit	$	12,009,366	$	94,700	$	12,104,066
Depreciation and amortization	$	463,283	$	32,812	$	496,095
Total capital expenditures	$	1,260,424	$	89,269	$	1,349,693

Schedule Of Assets By Reporting Segments [Table Text Block]

Note 1 - Organization and Business Description (Details Textual)	Aug. 22, 2018 shares	Mar. 31, 2019 shares	Dec. 31, 2018 shares	Jun. 05, 2018	Jan. 01, 2018
Pre-transaction Issued and Outstanding Shares, Percentage	11.50%
Common Stock, Shares, Issued, Total	22,167,486	22,167,486	22,167,486
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	22,167,486
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)	3 Months Ended
	Mar. 31, 2019
Han Feng [Member]
Date of incorporation	Jan. 14, 1997
State of incorporation	North Carolina, USA
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, USA
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, USA
Principal activities	Real estate holding
Percentage of legal ownership by HF Holding	100.00%
R&N Holdings [Member]
Date of incorporation	Nov. 21, 2002
State of incorporation	North Carolina, USA
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, USA
Principal activities	Design and printing services
Percentage of legal ownership by HF Holding	100.00%
Kirnsway [Member]
Date of incorporation	May 24, 2006
State of incorporation	North Carolina, USA
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, USA
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, USA
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, USA
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, USA
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, USA
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, USA
Principal activities	Holding Company

Note 2 - Summary of Significant Accounting Policies (Details Textual) shares in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019 USD ($) shares	Mar. 31, 2018 USD ($) shares	Dec. 31, 2018 USD ($)	Dec. 31, 2017 USD ($)
Cash Equivalents, at Carrying Value, Total	$ 0		$ 0
Accounts Receivable, Allowance for Credit Loss, Current	555,053	$ 658,104	658,104	$ 567,108
Inventory Valuation Reserves, Ending Balance	0	0
Impairment of Long-Lived Assets Held-for-use	0		0
Cost of Goods and Services Sold, Total	1,051,120	$ 1,073,793
Unrecognized Tax Benefits, Ending Balance	0		0
Operating Lease, Right-of-Use Asset	$ 95,931
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount \| shares	0	0
Operating Lease, Liability, Total	$ 95,931
Customer Concentration Risk [Member] \| Accounts Receivable [Member]
Number of Major Customers	0		0
Supplier Concentration Risk [Member] \| Cost of Goods and Service Benchmark [Member]
Number of Major Suppliers	0	0
Advance Payments Outstanding [Member] \| Cost of Goods and Service Benchmark [Member]
Number of Major Suppliers	3		3
Advance Payments Outstanding [Member] \| Cost of Goods and Service Benchmark [Member] \| Supplier One [Member]
Concentration Risk, Percentage	54.00%		55.00%
Advance Payments Outstanding [Member] \| Cost of Goods and Service Benchmark [Member] \| Supplier Two [Member]
Concentration Risk, Percentage	16.00%		18.00%
Advance Payments Outstanding [Member] \| Cost of Goods and Service Benchmark [Member] \| Supplier Three [Member]
Concentration Risk, Percentage	15.00%		12.00%
Advance Payments to Related Parties [Member] \| Cost of Goods and Service Benchmark [Member]
Number of Major Suppliers	3		3
Advance Payments to Related Parties [Member] \| Cost of Goods and Service Benchmark [Member] \| Supplier One [Member]
Concentration Risk, Percentage	64.00%		65.00%
Advance Payments to Related Parties [Member] \| Cost of Goods and Service Benchmark [Member] \| Supplier Two [Member]
Concentration Risk, Percentage	19.00%		22.00%
Advance Payments to Related Parties [Member] \| Cost of Goods and Service Benchmark [Member] \| Supplier Three [Member]
Concentration Risk, Percentage	17.00%		14.00%

Note 2 - Summary of Significant Accounting Polices - Useful Lives of Property, Plant and Equipment (Details)	3 Months Ended
	Mar. 31, 2019
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]
Estimated useful lives of property and equipment (Year)	5 years

Note 2 - Summary of Significant Accounting Policies - Summary of Disaggregated Revenue (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenue	$ 74,801,022	$ 74,580,771
North Carolina [Member]
Revenue	35,259,767	34,997,667
FLORIDA
Revenue	23,130,742	23,153,538
Georgia [Member]
Revenue	$ 16,410,513	$ 16,429,566

Note 3 - Accounts Receivable, Net - Accounts Receivable (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018	Dec. 31, 2017
Accounts receivable	$ 15,931,660		$ 15,064,580
Less: Allowance for Doubtful Accounts	(555,053)	$ (658,104)	(658,104)	$ (567,108)
Accounts receivable, net	$ 15,376,607	$ 14,406,476	$ 14,406,476

Note 3 - Accounts Receivable, Net - Allowance for Doubtful Accounts (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Beginning Balance	$ 658,104	$ 567,108
Provision for doubtful accounts	(99,678)	118,045
Less: write off/recover	(3,373)	(12,722)
Ending balance	$ 555,053	$ 658,104

Note 4 - Notes Receivable (Details Textual) - Line of Credit [Member] - Feilong Trading, Inc, [Member] - Promissory Note Agreement [Member] - USD ($)	Sep. 30, 2018	Mar. 31, 2019	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, after Allowance for Credit Loss, Total		$ 3,912,576	$ 3,803,826
Debt Instrument, Maturity Date	Sep. 30, 2019

Note 5 - Property and Equipment, Net (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Depreciation, Total	$ 707,396	$ 496,095

Note 5 - Property and Equipment, Net - Property and Equipment (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Property and equipment, gross	$ 41,580,085		$ 40,820,575
Less: Accumulated depreciation	(16,997,434)		(18,170,554)
Property and equipment, net	24,582,651	$ 22,650,021	22,650,021
Land [Member]
Property and equipment, gross	1,608,647		1,608,647
Building and Building Improvements [Member]
Property and equipment, gross	18,784,628		18,784,628
Machinery and Equipment [Member]
Property and equipment, gross	9,545,154		10,160,205
Vehicles [Member]
Property and equipment, gross	$ 11,641,656		$ 10,267,095

Note 6 - Lines of Credit (Details Textual) - Line of Credit Agreement [Member] - Revolving Credit Facility [Member] - USD ($)		1 Months Ended	3 Months Ended	12 Months Ended
	Jul. 01, 2016	Jan. 31, 2018	Mar. 31, 2019	Dec. 31, 2018	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			$ 6,144,000	$ 5,644,000
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					$ 4,000,000
Line of Credit Facility, Average Outstanding Amount			$ 950,146	$ 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%	5.2486%

Note 7 - Long-term Debt (Details Textual)	Mar. 31, 2019 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 - Long-term Debt (Details) - USD ($)

3 Months Ended

Mar. 31, 2019

Dec. 31, 2018

$ 16,114,865

$ 14,565,295

Less: current portion

(1,706,839)

(1,455,441)

Long-term debt

14,408,026

13,109,854

East West Bank [Member]

East West Bank [Member] | Minimum [Member]

^[1]

$ 5,010,424

5,053,539

East West Bank [Member] | Maximum [Member]

^[1]

4.25%

^[1]

5.75%

Capital Bank [Member]

^[2]

3.85%

^[2]

$ 5,092,102

5,138,988

Bank of America [Member]

Bank of America [Member] | Minimum [Member]

^[3]

$ 3,116,159

1,363,211

Bank of America [Member] | Maximum [Member]

^[3]

5.132%

Bank of Montreal [Member]

^[3]

5.509%

Bank of Montreal [Member] | Minimum [Member]

^[4]

$ 722,470

2,256,724

Bank of Montreal [Member] | Maximum [Member]

^[4]

5.87%

Peoples United Bank [Member]

^[4]

5.99%

Maturity

^[4]

Peoples United Bank [Member] | Minimum [Member]

^[5]

$ 1,506,650

752,833

Peoples United Bank [Member] | Maximum [Member]

^[5]

5.75%

Other Finance Companies [Member]

^[5]

7.53%

Other Finance Companies [Member] | Minimum [Member]

$ 667,060

Other Finance Companies [Member] | Maximum [Member]

5.95%

Notes Receivable, Related Parties

6.17%

[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, a 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 ($)	Mar. 31, 2019	Dec. 31, 2018
2020	$ 1,706,839
2021	1,651,494
2022	2,874,511
2023	2,764,886
2024	420,570
Thereafter	6,696,565
Total	$ 16,114,865	$ 14,565,295

Note 8 - Leases (Details Textual) - USD ($)	Feb. 23, 2019	Jul. 02, 2018
Jianping An [Member] \| AnHeart [Member]
Ownership Interest, Transferred, Transfer Price	$ 20,000
Building [Member] \| Lease for 273 Fifth Avenue, Manhattan,New York [Member]
Lessee, Operating Lease, Term of Contract		30 years
Building [Member] \| Lease for 275 Fifth Avenue, Manhattan,New York [Member]
Lessee, Operating Lease, Term of Contract		15 years

Note 8 - Leases - Components of Operating and Finance Leases (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating lease cost	$ 164,752
Amortization of right-of-use assets	145,879	$ 64,895
Interest on lease liabilities	32,327	18,646
Total finance lease cost	$ 178,206	$ 83,541

Note 8 - Leases - Supplemental Cash Flow Information Related to Operating and Finance Leases (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Operating cash flows from operating leases	$ 164,752
Operating cash flows from finance leases	32,327	$ 18,646
Financing cash flows from finance leases	182,512	102,764
Right-of-use assets obtained in exchange for lease obligations: Finance leases	$ 1,432,662

Note 8 - Leases - Supplemental Balance Sheet Information Related to Operating and Finance Leases (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018	Mar. 31, 2018
Property and equipment, gross	$ 41,580,085		$ 40,820,575
Less: Accumulated depreciation	(16,997,434)		(18,170,554)
Property and equipment, net	24,582,651	$ 22,650,021	$ 22,650,021
Current portion of obligations under capital leases	262,904	164,894
Obligations under capital leases, non-current	1,272,845	120,705
Total finance lease liabilities	$ 1,535,749	$ 285,599
Weighted Average Remaining Lease Term Finance leases (Month)	5 years 90 days	2 years 90 days
Finance leases	7.49%	8.05%
Finance Lease [Member]
Property and equipment, gross	$ 2,917,573	$ 1,484,911
Less: Accumulated depreciation	(956,632)	(810,753)
Property and equipment, net	$ 1,960,941	$ 674,158

Note 8 - Leases - Maturities of Lease Liabilities (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Operating Leases, 2020	$ 44,498
Finance Leases, 2020	373,715
Operating Leases, 2021	33,878
Finance Leases, 2021	373,715
Operating Leases, 2022	22,495
Finance Leases, 2022	352,151
Operating Leases, 2023	1,733
Finance Leases, 2023	334,224
Operating Leases, 2024
Finance Leases, 2024	295,250
Operating Leases, Thereafter
Finance Leases, Thereafter	162,142
Operating Leases, Total Lease Payments	102,604
Finance Leases, Total Lease Payments	1,891,197
Operating Leases, Less Imputed Interest	(6,673)
Finance Leases, Less Imputed Interest	(355,448)
Operating Leases, Total	95,931
Finance Leases, Total	$ 1,535,749	$ 285,599

Note 9 - Taxes (Details Textual)	3 Months Ended	12 Months Ended
Note 9 - Taxes (Details Textual)	Mar. 31, 2019	Dec. 31, 2018
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	21.00%

Note 9 - Taxes - Income Tax Provision (Benefit) (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Current:
Federal	$ 392,484	$ 420,018
State	139,388	86,860
Current income tax provision	531,872	506,878
Deferred:
Federal	103,060	(3,972)
State	12,707	575
Deferred income tax provision (benefit)	115,767	(3,397)
Total income tax provision	$ 647,639	$ 503,481

Note 9 - Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
Deferred tax assets:
Allowance for doubtful accounts	$ 137,934	$ 165,083
Inventories	119,859	113,730
Section 481(a) adjustment		40,317
Other accrued expenses	88,835	46,750
Total deferred tax assets	346,628	365,880
Deferred tax liabilities:
Property and equipment	(1,540,524)	(1,444,008)
Total deferred tax liabilities	(1,193,896)	(1,078,128)
Noncurrent deferred tax assets:	90,131	117,933
Noncurrent deferred tax liabilities	(1,284,027)	(1,196,061)
Net deferred tax liabilities	$ (1,193,896)	$ (1,078,128)

Note 9 - Taxes - Reconciliation of Income Tax Rate (Details)	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Federal statutory tax rate	21.00%	21.00%
State statutory tax rate	5.20%	4.60%
U.S. permanent difference	0.30%	1.00%
Effective tax rate	26.50%	26.60%

Note 10 - Related Party Transactions (Details Textual) - USD ($)

3 Months Ended

12 Months Ended

Mar. 01, 2019

Sep. 30, 2018

Mar. 01, 2018

Mar. 31, 2019

Mar. 31, 2018

Dec. 31, 2018

Jan. 01, 2018

Dec. 31, 2017

$ 8,644,931

$ 8,540,949

Accounts Payable, Related Parties, Current

2,823,142

3,923,120

Contract with Customer, Liability, Current

119,947

166,490

Property, Plant and Equipment, Net, Ending Balance

24,582,651

$ 22,650,021

22,650,021

Depreciation, Total

707,396

496,095

Revenue from Contract with Customer, Including Assessed Tax

74,801,022

74,580,771

8,932,217

7,134,760

NSG International Inc [Member]

Notes Receivable, Related Parties

6,136,262

^[1]

6,092,397

^[1]

$ 5,993,552

R&N Holdings [Member] | Building [Member]

Property, Plant and Equipment, Net, Ending Balance

400,000

Depreciation, Total

102,564

100,000

Rental Income, Nonoperating

11,400

HG Realty [Member] | Building [Member]

Property, Plant and Equipment, Net, Ending Balance

3,223,745

Depreciation, Total

454,631

$ 433,966

Rental Income, Nonoperating

120,000

Related Parties [Member]

Revenue from Contract with Customer, Including Assessed Tax

$ 4,497,111

$ 4,704,861

Promissory Note Agreement [Member] | Enson Seafood GA Inc [Member]

Notes Payable, Total

$ 1,472,316

$ 2,000,000

$ 550,000

Debt Instrument, Interest Rate, Stated Percentage

5.00%

Debt Instrument, Periodic Payment, Total

$ 171,214.96

Debt Instrument, Term

5 years

1 year

Promissory Note Agreement [Member] | NSG International Inc [Member]

Notes Payable, Total

$ 6,140,676

Debt Instrument, Interest Rate, Stated Percentage

5.00%

Debt Instrument, Term

5 years

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%

Enson Trading LLC [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%

Enson Philadelphia Inc [Member] | Mr Zhou Min Ni [Member]

Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners

25.00%

Ocean Pacific Seafood Group [Member] | Mr Zhou Min Ni [Member]

Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners

25.00%

Revolution Industry LLC [Member] | Mr Zhou Min Ni [Member]

Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners

100.00%

First Choice Seafood [Member] | Mr Zhou Min Ni [Member]

Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners

50.00%

NSG International Inc [Member] | Mr Zhou Min Ni [Member]

Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners

30.00%

Revolution Automotive LLC [Member] | Raymond Ni [Member]

Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners

100.00%

[1]	Mr. Zhou Min Ni owns a 30% equity interest in this entity.

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

Mar. 31, 2019

Dec. 31, 2018

Allstate Trading Company Inc [Member]

$ 2,145,061

$ 2,292,151

Enson Seafood GA Inc [Member]

^[1]

1,000

Eagle Food Service LLC [Member]

^[2]

304,412

255,412

Fortune One Foods Inc [Member]

^[3]

957,640

817,275

Eastern Fresh LLC [Member]

^[4]

79,916

130,314

Enson Trading LLC [Member]

^[5]

676,663

784,836

Hengfeng Food Service Inc [Member]

^[6]

170,633

Enson Philadelphia Inc [Member]

^[7]

48,008

83,654

^[6]

$ 78,422

$ 49,027

[1]	Mr. Zhou Min Ni, the Chairman and Chief Executive Officer of the Company, owns a 40% equity interest in this entity;
[2]	Mr. Zhou Min Ni owns a 50% equity interest in this entity;
[3]	Tina Ni, one of Mr. Zhou Min Ni’s family member owns a 50% equity interest in this entity;
[4]	Mr. Zhou Min Ni owns a 17.5% equity interest in this entity;
[5]	Mr. Zhou Min Ni owns a 30% equity interest in this entity;
[6]	Mr. Zhou Min Ni owns a 25% equity interest in this entity.
[7]	Mr. Zhou Min Ni owns a 45% equity interest in this entity.

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

Mar. 31, 2019

Dec. 31, 2018

Ocean Pacific Seafood Group [Member]

$ 1,161,590

$ 1,526,482

Revolution Industry LLC [Member]

^[1]

200,720

208,960

First Choice Seafood [Member]

^[2]

217,197

329,394

^[3]

$ 743,673

$ 988,128

[1]	Mr. Zhou Min Ni owns a 25% equity interest of this entity;
[2]	The son of Mr. Zhou Min N, Raymond Ni, owns 100% of Revolution Industry LLC;
[3]	First Choice Seafood is owned by Enson Seafood GA Inc. of which Mr. Zhou Min Ni owns a 50% equity interest.

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

Mar. 31, 2019

Dec. 31, 2018

Dec. 31, 2017

Notes receivable - related parties, current

$ 8,644,931

$ 8,540,949

952,592

8,117,686

Long-term notes receivable - related parties

7,692,339

423,263

Enson Seafood GA Inc [Member]

NSG International Inc [Member]

2,056,691

1,987,241

Revolution Automotive LLC [Member]

6,136,262

^[1]

6,092,397

^[1]

$ 5,993,552