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Balance Sheets (Unaudited) (USD $)
Jul. 31, 2011
Oct. 31, 2010
CURRENT ASSETS:    
Cash and cash equivalents $ 3,772,322 $ 1,672,921
Commodities held at broker 0 275,499
Accounts receivable, net of allowances of $197,078 for 2011 and 2010 13,107,671 8,852,372
Inventories 13,125,081 8,190,420
Prepaid green coffee 1,167,153 1,335,676
Prepaid expenses and other current assets 264,761 502,852
Prepaid and refundable income taxes 81,390 9,521
Deferred income tax asset 555,150 55,659
TOTAL CURRENT ASSETS 32,073,528 20,894,920
Machinery and equipment, at cost, net of accumulated depreciation of $5,465,207 and $5,147,593 for 2011 and 2010, respectively 1,662,538 1,560,940
Customer list and relationships, net of accumulated amortization of $9,375 and $3,750 for 2011 and 2010, respectively 140,625 146,250
Trademarks 180,000 180,000
Goodwill 440,000 440,000
Deferred income tax asset 68,600 0
Deposits and other assets 750,370 699,029
TOTAL ASSETS 35,315,661 23,921,139
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 10,899,650 7,124,072
Line of credit 6,712,086 2,306,749
Due to broker 879,058 0
Income taxes payable 629,518 234,744
Contingent liability 0 41,000
TOTAL CURRENT LIABILITIES 19,120,312 9,706,565
Deferred income tax liabilities 0 17,659
Deferred rent payable 141,380 124,756
Deferred compensation payable 606,599 540,642
TOTAL LIABILITIES 19,868,291 10,389,622
STOCKHOLDERS EQUITY:    
Preferred stock, par value $.001 per share; 10,000,000 shares authorized; 0 issued 0 0
Common stock, par value $.001 per share; 30,000,000 shares authorized, 5,579,830 shares issued; 5,490,823 shares outstanding for 2011 and 2010 5,580 5,580
Additional paid-in capital 7,581,973 7,581,973
Contingent consideration 39,000 39,000
Retained earnings 8,047,352 6,151,054
Less: Treasury stock, 89,007 common shares, at cost for 2011 and 2010 (295,261) (295,261)
Total Coffee Holding Co., Inc. Stockholders Equity 15,378,644 13,482,346
Noncontrolling interest 68,726 49,171
TOTAL EQUITY 15,447,370 13,531,517
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY $ 35,315,661 $ 23,921,139