8. COMMITMENTS AND CONTINGENCIES

12 Months Ended

Oct. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

OPERATING LEASES:

In February 2004, the Company entered into a lease for office and warehouse space in La Junta City, Colorado.  This lease, which is at a monthly rental of $8,341 beginning January 2005, expires on January 31, 2024.  Rent charged to operations amounted to $95,504 for the years ended October 31, 2015 and 2014.

In October 2008, the Company entered into a lease for office and warehouse space in Staten Island, NY.  This lease, which is at a monthly rental beginning November 2008, expires on October 31, 2023 and includes annual rent increases.  Rent charged to operations amounted to $146,423 for the years ended October 31, 2015 and 2014.  The Company also uses a variety of independent, bonded commercial warehouses to store its green coffee beans.

In March 2015, the Company entered into a lease for office space in Vancouver, WA.  This lease, which is at a monthly rental beginning April 1, 2015, expires on March 31, 2017.  Rent charged to operations amounted to $36,889 and $36,721 for the years ended October 31, 2015 and 2014, respectively.

The aggregate minimum future lease payments as of October 31, 2015 for each of the next five years and thereafter are as follows:

October 31,
2016	$	279,945
2017		264,123
2018		254,683
2019		262,413
2020		271,051
Thereafter		889,467
	$	2,221,682

401 (K) RETIREMENT PLAN:

The Company has a 401(k) Retirement Plan, which covers all the full time employees who have completed one year of service and have reached their 21st birthday.  The Company matches 100% of the aggregate salary reduction contribution up to the first 3% of compensation and 50% of aggregate contribution of the next 2% of compensation.  Contributions to the plan aggregated $67,166 and $77,822 for the years ended October 31, 2015 and 2014, respectively.