MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.
−Removed: Shares of our common stock are listed for trading on The Nasdaq Capital Market (“Nasdaq”) under the symbol “HFFG,” and have been publicly traded since August 8, 2017.
+Added: Shares of our common stock are listed for trading on NASDAQ under the symbol “HFFG,” and have been publicly traded since September 7, 2017.
Prior to that date, there was no public market for our stock.
Holders of Record
−Removed: As of March 15, 2021, there were 51,193,411 shares of our common stock outstanding and held by 57 stockholders of record.
+Added: As of January 27, 2023, there were 53,813,316 shares of our common stock outstanding held by 41 shareholders of record.
The number of record holders was determined from the records of our transfer agent and does not include beneficial owners of common stock whose shares are held in the names of various security brokers, dealers, and registered clearing agencies.
5 unchanged sentences
Further, if we incur any indebtedness, our ability to declare dividends may be limited by restrictive covenants we may agree to in connection therewith.
−Removed: SELECTED FINANCIAL DATA
−Removed: The selected historical consolidated statements of operations data for fiscal years 2020 and 2019 and the related selected consolidated balance sheet data as of the end of fiscal years 2020 and 2019, have been derived from our consolidated financial statements and related notes contained elsewhere in this Form 10-K.
−Removed: The selected historical consolidated statements of operations data for fiscal years 2018, 2017 and 2016, and the related selected consolidated balance sheet data as of the end of fiscal years 2018, 2017, and 2016, have been derived from our consolidated financial statements not included in this Form 10-K Report.
−Removed: The following selected consolidated financial data should be read together with Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and our consolidated financial statements and related notes included in Item 8.
−Removed: The following tables set forth our selected financial data for the periods and as of the dates indicated:
−Removed: Table of Conte n t s
−Removed: For the twelve months ended December 31,
−Removed: 2020 2019 (2) 2018 2017 (1) 2016 (1)
−Removed: Net Revenue $ 566,831,075 $ 388,162,281 $ 291,006,698 295,549,980 $ 279,500,235
−Removed: Net Income (Loss) (342,680,799) 5,895,286 6,353,695 10,078,070 4,831,285
−Removed: Net Income (Loss) Attributable to HF Foods Group Inc.
−Removed: (342,974,059) 5,389,677 6,286,455 9,646,071 4,715,163
−Removed: Earnings (Loss) per common share - basic and diluted $ (6.58) $ 0.22 $ 0.30 $ 0.48 $ —
−Removed: As of December 31,
−Removed: Balance Sheet Data:
−Removed: 2020 2019 2018 2017 2016
−Removed: Cash $ 9,580,853 $ 14,538,286 $ 5,489,404 $ 6,086,044 $ 5,956,145
−Removed: Working Capital 22,343,869 40,973,863 25,454,459 10,932,809 13,199,477
−Removed: Total Assets 484,285,083 802,843,794 82,476,407 80,657,900 72,616,118
−Removed: Non Current Liabilities
−Removed: Long-term debt, net 88,008,803 18,535,016 13,109,854 14,249,579 9,889,198
−Removed: Promissory note payable - related party 7,000,000 — — — —
−Removed: Obligations under finance leases, non-current 766,885 1,053,166 120,705 118,535 —
−Removed: Obligations under operating leases, non-current 623,482 12,833,081 — — —
−Removed: Deferred tax liabilities 46,382,704 52,320,045 1,196,061 436,212 26,236
−Removed: Total Stockholders' equity $ 264,801,432 $ 607,656,732 $ 34,461,482 $ 26,898,112 $ 24,358,220
−Removed: (1) Financial data for the years ended December 31, 2016 and 2017 derived from legacy HF's books and records and were not part of the Company's previous 10-K filings.
−Removed: The Company previously filed under the name Atlantic Acquisition Corp., a special acquisition company.
−Removed: (2) The Company completed business combination with B&R Global Holdings, Inc.
−Removed: on November 4, 2019.
−Removed: Net revenue, net income, net income attributable to HF Foods Group, Inc.
−Removed: included operating results from B&R Global Holdings, Inc.
−Removed: from November 4, 2019 to December 31, 2019.
+Added: Recent Sales of Unregistered Securities
+Added: On December 30, 2021, we issued 1,792,981 shares of our common stock as consideration pursuant to our acquisition of the Great Wall Group.
+Added: Issuer Purchases of Equity Securities
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.