HFFG · Nasdaq
It filed on time and stood behind its numbers. Of companies scoring zero, 4.0% were delisted, went bankrupt, restated or stopped filing within the following year.
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HF Foods Group Inc. (the “Company”) is unable to file its Annual Report on Form 10-K (the "Form 10-K") for the year ended December 31, 2023 within the prescribed time period without unreasonable effort and expense due to delays resulting from the implementation of new accounting information technology systems, which adversely impacted the Company’s ability to compile the information required to be included in the Form 10-K. The Company will file its Form 10-K within the fifteen-day extension period. Furthermore, the Company’s management is also in the process of assessing the effectiveness of the Company’s internal control over financial reporting and its disclosure controls and procedures. Although the assessment is not yet complete, the Company expects to report material weaknesses in the Company’s internal control over financial reporting. Management remains committed to ongoing efforts to address these material weaknesses. Management has recommended to the audit committee various measures intended to remediate and improve the Company’s internal control over financial reporting, and the Company has begun to implement these measures to remediate these material weaknesses. The Company does not expect the financial results to be included in the Form 10-K when filed to reflect any material changes from those included in the press release issued by the Company on March 14, 2024, which announced the results for the quarter and year ended December 31, 2023 (the “Press Release”). The Press Release was furnished as Exhibit 99.1 to the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on March 14, 2024; however, because review is ongoing, there can be no assurance that such information will not change upon the filing of the Company’s Form 10-K
NT 10-K, filed 2024-03-14 · material weakness
HF Foods Group Inc. (the “Company”) is unable to file its Annual Report on Form 10-K (the "Form 10-K") for the year ended December 31, 2023 within the prescribed time period without unreasonable effort and expense due to delays resulting from the implementation of new accounting information technology systems, which adversely impacted the Company’s ability to compile the information required to be included in the Form 10-K. The Company will file its Form 10-K within the fifteen-day extension period. Furthermore, the Company’s management is also in the process of assessing the effectiveness of the Company’s internal control over financial reporting and its disclosure controls and procedures. Although the assessment is not yet complete, the Company expects to report material weaknesses in the Company’s internal control over financial reporting. Management remains committed to ongoing efforts to address these material weaknesses. Management has recommended to the audit committee various measures intended to remediate and improve the Company’s internal control over financial reporting, and the Company has begun to implement these measures to remediate these material weaknesses. The Company does not expect the financial results to be included in the Form 10-K when filed to reflect any material changes from those included in the press release issued by the Company on March 14, 2024, which announced the results for the quarter and year ended December 31, 2023 (the “Press Release”). The Press Release was furnished as Exhibit 99.1 to the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on March 14, 2024; however, because review is ongoing, there can be no assurance that such information will not change upon the filing of the Company’s Form 10-K
HF Foods Group Inc. (the “Company”) is unable to file its Annual Report on Form 10-K (the "Form 10-K") for the year ended December 31, 2022 within the prescribed time period without unreasonable effort and expense due to delays in compiling necessary information required to be included in the Form 10-K as explained below. The Company will file its Form 10-K within the fifteen day extension period. On January 31, 2023, HF Foods filed its Annual Report on Form 10-K for the year ended December 31, 2021 and its Quarterly Reports on Form 10-Q for the quarters ended March 31, 2022, June 30, 2022 and September 30, 2022. Due to the timing of those reports the Company requires additional time to complete its year end procedures. Furthermore, the Company’s management is also in the process of assessing the effectiveness of the Company’s internal control over financial reporting and its disclosure controls and procedures. Although the assessment is not yet complete, the Company expects to report material weaknesses in the Company’s internal control over financial reporting. Management expects to recommend to the audit committee of the Company various measures intended to remediate and improve the Company’s internal control over financial reporting. The Company does not expect the financial results to be included in the Form 10-K when filed to reflect any material changes from those included in the press release issued by the Company on March 16, 2023, which announced the results for the quarter and year ended December 31, 2022 (the “Press Release”). The Press Release was furnished as Exhibit 99.1 to the Company’s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on March 16, 2023; however, because review is ongoing, there can be no assurance that such information will not change upon the filing of the Company’s Form 10-K
2023-01-20accounts declared unreliable SEC →
HF Foods Group Inc. (the “Company”) is unable to file its Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 (its “Q3 2022 10-Q”) within the prescribed time period without unreasonable effort and expense as explained below. While there can be no assurances, the Company currently expects to file its Q3 2022 10-Q as soon as practicable upon completion of its analysis of complex technical and accounting issues relating to the independent investigation by the Special Investigation Committee of the Company’s Board of Directors, regarding a previously disclosed SEC subpoena and investigation. As previously reported, the Company's Form 10-K for the year ended December 31, 2021, Form 10-Q for the quarter ended March 31, 2022, and Form 10-Q for the quarter ended June 30, 2022 had been delayed in part due to an ongoing review of accounting issues relating to the Company’s business combination with B&R Global Holdings, Inc. on November 4, 2019 (the “B&R Merger”) in response to an SEC comment letter. After the Company engaged in correspondence and discussions with the Staff of the SEC (the “SEC Staff”) regarding the accounting issues surrounding the B&R Merger, on September 12, 2022 the SEC Staff informed the Company by written notice that the SEC Staff had completed their review of the Company’s past periodic reports. Based on the SEC Staff’s determinations and the Company’s own legacy positions, the Company determined that it would not need to restate its historical financials based on the accounting issues surrounding the B&R Merger. The Company, together with its consultant, under the oversight of the Audit Committee of the Company’s Board of Directors, is in the process of conducting additional review and procedures of complex technical and accounting issues. The Company and its consultant are in the process of assessing the potential issues and their related impact on the Company’s financial statements
HF Foods Group Inc. (the “Company”) is unable to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 (its “Q2 2022 10-Q”) within the prescribed time period without unreasonable effort and expense as explained below. While there can be no assurances, the Company currently expects to file its Q2 2022 10-Q as soon as practicable upon resolution of the accounting treatment relating to the Company's business combination with B&R Global Holdings, Inc. The Company requires additional time to finalize its financial statements and related disclosures due primarily to its ongoing review of the accounting treatment relating to the Company’s business combination with B&R Global Holdings, Inc. on November 4, 2019 in response to a Securities and Exchange Commission (“SEC”) comment letter, as previously disclosed. The Company, together with its consultants, under the oversight of the Audit Committee of the Company’s Board of Directors, is in the process of conducting a review of the accounting treatment of the business combination with B&R Global Holdings, Inc. and certain other items in the SEC comment letter. The Company and its consultants are in the process of assessing the potential issues and their related impact on the Company’s financial statements. However, based on the current status of this review, the Company anticipates that it is possible that the Company will need to restate its financial statements for prior reporting periods. The Company intends to file its Form 10-K for the year ended December 31, 2021, its Form 10-Q for the quarter ended March 31, 2022, and the Q2 2022 10-Q as soon as practicable upon completion of the additional review and resolution of the SEC comment letter. As a result of the ongoing review, the Company will require additional time to complete its analysis and to determine whether a restatement is needed
HF Foods Group Inc. (the “Company”) is unable to file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 (its “Q1 2022 10-Q”) within the prescribed time period without unreasonable effort and expense as explained below. While there can be no assurances, the Company currently expects to file its Q1 2022 10-Q as soon as practicable upon resolution of accounting treatment relating to the Company's business combination with B&R Global Holding, Inc. The Company requires additional time to finalize its financial statements and related disclosures due primarily to its ongoing review of the accounting treatment relating to the Company’s business combination with B&R Global Holdings, Inc. on November 4, 2019 in response to a Securities and Exchange Commission (“SEC”) comment letter. The Company, together with its consultants, under the oversight of the Audit Committee of the Company’s Board of Directors, is in the process of conducting a review of the accounting treatment of the business combination with B&R Global Holdings, Inc. and certain other items in the SEC comment letter. The Company and its consultants are in the process of assessing the potential issues and their related impact on the Company’s financial statements. However, based on the current status of this review, the Company anticipates that it is possible that the Company will need to restate its financial statements for prior reporting periods. As a result of the ongoing review, the Company will require additional time to complete its analysis and to determine whether a restatement is needed. The Company has not yet determined that a restatement is required, and cannot currently quantify the potential impact of any restatement
HF Foods Group Inc. (the “Company”) is unable to file its Annual Report on Form 10-K for the year ended December 31, 2021 (its “2021 10-K”) within the prescribed time period without unreasonable effort and expense as explained below. While there can be no assurances, the Company currently expects to file its 2021 10-K by March 31, 2022. The Company requires additional time to finalize its financial statements and related disclosures due primarily to its ongoing review of accounting issues relating to the Company’s business combination with B&R Global Holdings, Inc. on November 4, 2019 in response to a SEC comment letter. In addition to the SEC comment letter, the Company has incurred more time and expense than expected in connection with the preparation of its 2021 10-K due to a number of factors, including the integration of a business acquisition and increased absenteeism due to COVID 19-related illnesses and quarantines. Furthermore, the Company’s management is also in the process of assessing the effectiveness of the Company’s internal control over financial reporting and its disclosure controls and procedures. Although the assessment is not yet complete, the Company expects to report material weaknesses in the Company’s internal control over financial reporting. Management expects to recommend to the audit committee of the Company various measures intended to remediate and improve the Company’s internal control over financial reporting
Registrant requires additional time to evaluate the status of its previously disclosed independent investigation and to consider the related impact on the sufficiency of its disclosures
2021-09-10auditor changed or resigned SEC →
reportingrisk.com scores every active US filer on three things a company tells the SEC about itself: late-filing notices on Form NT, 8-K item 4.02 (past accounts declared unreliable) and 4.01 (auditor changes). 1,012 are flagged today.
Every score is frozen and checked twelve months later. Across 91,452 of them, a company scoring 4 or more ended that year delisted, bankrupt, restated or silent 17.2% of the time, against 4.0% for a clean record. Scores before 2026-09-27 were reconstructed from the filing history as it stood at each date, so the record is a backtest rather than years of live calls.
See the ledger → Every company the score flagged that later failed, what it told the SEC on the way down, and the ones it missed.Every item above is a filing this company
made with the SEC.
Snapshot 2026-11-04 · data from SEC EDGAR (public domain) · not
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