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Condensed Consolidated Balance Sheets - USD ($)
Jan. 31, 2017
Oct. 31, 2016
CURRENT ASSETS:    
Cash $ 2,836,101 $ 3,227,981
Accounts receivable, net of allowances of $144,000 for 2017 and 2016 11,202,600 13,517,892
Inventories 14,483,524 14,276,290
Prepaid green coffee 506,983 435,577
Prepaid expenses and other current assets 456,116 535,456
Prepaid and refundable income taxes 284,599 481,977
Due from broker 173,671 134,722
Deferred income tax asset 116,731 81,545
TOTAL CURRENT ASSETS 30,060,325 32,691,440
Machinery and equipment, at cost, net of accumulated depreciation of $4,996,541 and $4,819,828 for 2017 and 2016, respectively 2,348,274 2,269,863
Customer list and relationships, net of accumulated amortization of $53,625 and $50,250 for the periods ended January 31, 2017 and 2016, respectively 216,375 219,750
Trademarks 180,000 180,000
Goodwill 1,017,905 1,017,905
Equity method investments 96,917 95,598
Deposits and other assets 554,133 549,337
TOTAL ASSETS 34,473,929 37,023,893
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 3,302,535 4,062,573
Line of credit 4,758,475 6,958,375
Income taxes payable 2,272 1,050
TOTAL CURRENT LIABILITIES 8,063,282 11,021,998
Deferred income tax liabilities 166,731 167,470
Deferred rent payable 233,508 231,216
Deferred compensation payable 499,563 489,668
TOTAL LIABILITIES 8,963,084 11,910,352
Common stock subject to possible redemption, at $200,004; 38,364 shares issued and outstanding at redemption value as of January 31, 2017 and October 31, 2016 200,004 200,004
Coffee Holding Co., Inc. stockholders' equity:    
Preferred stock, par value $.001 per share; 10,000,000 shares authorized; no shares issued and outstanding
Common stock, par value $.001 per share; 30,000,000 shares authorized, 6,494,680 shares issued; 5,824,938 shares outstanding as of January 31 2017 and October 31, 2016 6,456 6,456
Additional paid-in capital 15,904,109 15,904,109
Retained earnings 12,254,010 11,878,228
Less: Treasury stock, 631,378 common shares, at cost as of January 31, 2017 and October 31, 2016 (3,249,590) (3,249,590)
Total Coffee Holding Co., Inc. Stockholders' Equity 24,914,985 24,539,203
Noncontrolling interest 395,856 374,334
TOTAL EQUITY 25,310,841 24,913,537
TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS' EQUITY $ 34,473,929 $ 37,023,893