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Consolidated Balance Sheets (USD $)
Oct. 31, 2011
Oct. 31, 2010
ASSETS:    
Cash $ 4,244,335 $ 1,672,921
Commodities held at broker 0 275,499
Accounts receivable, net of allowances of $269,611 for 2011 and $197,078 for 2010 16,021,581 8,852,372
Inventories 13,475,855 8,190,420
Prepaid green coffee 388,754 1,335,676
Prepaid expenses and other current assets 275,679 502,852
Prepaid and refundable income taxes 377,972 9,521
Deferred income tax asset 896,400 55,659
TOTAL CURRENT ASSETS 35,680,576 20,894,920
Machinery and equipment, at cost, net of accumulated depreciation of $2,191,566 and $1,765,867 for 2011 and 2010, respectively 1,661,759 1,560,940
Customer list and relationships, net of accumulated amortization of $11,250 and $3,750 for 2011 and 2010, respectively 138,750 146,250
Trademarks 180,000 180,000
Goodwill 440,000 440,000
Deposits and other assets 677,606 699,029
TOTAL ASSETS 38,778,691 23,921,139
LIABILITIES AND STOCKHOLDERS EQUITY:    
Accounts payable and accrued expenses 12,379,414 7,124,072
Line of credit 1,820,109 2,306,749
Due to broker 1,867,558 0
Income taxes payable 100 234,744
Contingent liability 0 41,000
TOTAL CURRENT LIABILITIES 16,067,181 9,706,565
Deferred income tax liabilities 35,900 17,659
Deferred rent payable 146,921 124,756
Deferred compensation payable 538,707 540,642
TOTAL LIABILITIES 16,788,709 10,389,622
STOCKHOLDERS EQUITY:    
Preferred stock, par value $.001 per share; 10,000,000 shares authorized; none issued 0 0
Common stock, par value $.001 per share; 30,000,000 shares authorized, 6,456,316 and 5,579,830 shares issued for 2011 and 2010, respectively; 6,372,309 and 5,490,823 shares outstanding for 2011 and 2010, respectively 6,456 5,580
Additional paid-in capital 15,884,609 7,581,973
Contingent consideration 19,500 39,000
Retained earnings 6,268,326 6,151,054
Less: Treasury stock, 84,007 and 89,007 common shares, at cost for 2011 and 2010 (272,133) (295,261)
Total Coffee Holding Co., Inc. Stockholders’ Equity 21,906,758 13,482,346
Noncontrolling interest 83,224 49,171
TOTAL EQUITY 21,989,982 13,531,517
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY $ 38,778,691 $ 23,921,139