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CONSOLIDATED STATEMENTS OF INCOME (USD $)
3 Months Ended 9 Months Ended
Jul. 31, 2014
Jul. 31, 2013
Jul. 31, 2014
Jul. 31, 2013
Consolidated Statements Of Income        
NET SALES $ 26,628,571 $ 32,370,692 $ 79,373,667 $ 100,375,542
COST OF SALES (including $13.2 and $24.7 million of related party costs for the nine months ended July 31, 2014 and 2013, respectively. Including $4.1 and $6.3 million for the three months ended July 31, 2014 and 2013, respectively.) 23,574,095 33,526,657 68,239,903 96,463,019
GROSS PROFIT (LOSS) 3,054,476 (1,155,965) 11,133,764 3,912,523
OPERATING EXPENSES:        
Selling and administrative 1,656,789 1,713,051 5,094,939 5,233,157
Officers' salaries 159,100 169,954 459,300 440,992
TOTALS 1,815,889 1,883,005 5,554,239 5,674,149
INCOME (LOSS) FROM OPERATIONS 1,238,587 (3,038,970) 5,579,525 (1,761,626)
OTHER INCOME (EXPENSE):        
Interest income 12,769 12,370 32,064 30,176
(Loss) income from equity method investment (759) (158) (847) (105,204)
Interest expense (16,271) (10,542) (42,340) (71,320)
TOTAL (4,261) 1,670 (11,123) (146,348)
INCOME (LOSS) BEFORE INCOME TAXES AND NON-CONTROLLING INTEREST IN SUBSIDIARY 1,234,326 (3,037,300) 5,568,402 (1,907,974)
Provision (benefit) for income taxes 450,952 (997,618) 2,114,905 (490,108)
NET INCOME (LOSS) BEFORE NON-CONTROLLING INTEREST IN SUBSIDIARY 783,374 (2,039,682) 3,453,497 (1,417,866)
Less: net income attributable to the non-controlling interest (24,427) (69,229) (61,590) (149,020)
NET INCOME (LOSS) ATTRIBUTABLE TO COFFEE HOLDING CO., INC. $ 758,947 $ (2,108,911) $ 3,391,907 $ (1,566,886)
Basic earnings per share $ 0.12 $ (0.33) $ 0.53 $ (0.25)
Diluted earnings per share $ 0.11 $ (0.33) $ 0.51 $ (0.25)
Dividends declared per share $ 0 $ 0 $ 0 $ 0.06
Weighted average common shares outstanding:        
Basic 6,344,487 6,372,309 6,362,933 6,372,309
Diluted 6,611,487 6,372,309 6,629,933 6,672,309