XML 11 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Apr. 30, 2017
Oct. 31, 2016
CURRENT ASSETS:    
Cash $ 3,466,636 $ 3,227,981
Accounts receivable, net of allowances of $144,000 for 2017 and 2016 11,077,854 13,517,892
Inventories 15,800,255 14,276,290
Prepaid green coffee 389,821 435,577
Prepaid expenses and other current assets 473,833 535,456
Prepaid and refundable income taxes 118,821 481,977
Due from broker 134,722
Deferred income tax asset 463,223 81,545
TOTAL CURRENT ASSETS 31,790,443 32,691,440
Machinery and equipment, at cost, net of accumulated depreciation of $5,184,520 and $4,819,828 for 2017 and 2016, respectively 2,519,914 2,269,863
Customer list and relationships, net of accumulated amortization of $57,000 and $50,250 for the periods ended April 30, 2017 and 2016, respectively 383,000 219,750
Trademarks 180,000 180,000
Goodwill 2,377,407 1,017,905
Equity method investments 95,850 95,598
Deposits and other assets 582,932 549,337
TOTAL ASSETS 37,929,546 37,023,893
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 3,390,835 4,062,573
Line of credit 7,393,575 6,958,375
Due to broker 600,609
Income taxes payable 26,561 1,050
TOTAL CURRENT LIABILITIES 11,411,580 11,021,998
Deferred income tax liabilities 209,071 167,470
Deferred rent payable 235,798 231,216
Deferred compensation payable 500,868 489,668
TOTAL LIABILITIES 12,357,317 11,910,352
Common stock subject to possible redemption, at $200,004; 38,364 shares issued and outstanding at redemption value as of April 30, 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; 5,821,554 and 5,824,938 shares outstanding as of April 30 2017 and October 31, 2016, respectively 6,456 6,456
Additional paid-in capital 15,904,109 15,904,109
Retained earnings 12,255,747 11,878,228
Less: Treasury stock, 634,762 and 631,378 common shares, at cost as of April 30, 2017 and October 31, 2016, respectively (3,265,419) (3,249,590)
Total Coffee Holding Co., Inc. Stockholders' Equity 24,900,893 24,539,203
Noncontrolling interest 471,332 374,334
TOTAL EQUITY 25,372,225 24,913,537
TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS' EQUITY $ 37,929,546 $ 37,023,893