XML 13 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Apr. 30, 2017
Apr. 30, 2016
Apr. 30, 2017
Apr. 30, 2016
Income Statement [Abstract]        
NET SALES $ 17,787,103 $ 21,406,939 $ 37,419,469 $ 44,212,334
COST OF SALES (including $2.2 and $5.6 million of related party costs for the six months ended April 30, 2017 and 2016, respectively. Including $1.4 and $2.0 million for the three months ended April 30, 2017 and 2016, respectively.) 15,144,534 18,097,486 31,645,614 38,251,840
GROSS PROFIT (LOSS) 2,642,569 3,309,453 5,773,855 5,960,494
OPERATING EXPENSES:        
Selling and administrative 2,365,395 1,789,489 4,715,679 3,466,440
Officers' salaries 179,250 163,850 347,840 327,700
TOTAL 2,544,645 1,953,339 5,063,519 3,794,140
INCOME (LOSS) FROM OPERATIONS 97,924 1,356,114 710,336 2,166,354
OTHER INCOME (EXPENSE)        
Interest income 10,958 10,988 23,389 21,000
Gain (loss) from equity method investment (1,067) 212 252 (244)
Interest expense (66,495) (33,670) (124,239) (73,473)
TOTAL (56,604) (22,470) (100,598) (52,717)
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES AND NON-CONTROLLING INTEREST IN SUBSIDIARY 41,320 1,333,644 609,738 2,113,637
Provision (benefit) for income taxes (35,893) 485,356 135,220 787,920
NET INCOME (LOSS) BEFORE NON-CONTROLLING INTEREST IN SUBSIDIARY 77,213 848,288 474,518 1,325,717
Less: Net (income) attributable to the non-controlling interest (75,476) (17,487) (96,999) (55,347)
NET INCOME (LOSS) ATTRIBUTABLE TO COFFEE HOLDING CO., INC. $ 1,737 $ 830,801 $ 377,519 $ 1,270,370
Basic and diluted earnings (loss) per share $ 0 $ 0.14 $ 0.06 $ 0.21
Weighted average common shares outstanding: Basic and diluted 5,862,123 6,133,557 5,862,722 6,148,039