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Condensed Consolidated Balance Sheets - USD ($)
Jul. 31, 2017
Oct. 31, 2016
CURRENT ASSETS:    
Cash $ 2,687,724 $ 3,227,981
Accounts receivable, net of allowances of $144,000 for 2017 and 2016 10,418,086 13,517,892
Inventories 15,663,719 14,276,290
Prepaid green coffee 280,254 435,577
Prepaid expenses and other current assets 621,877 535,456
Prepaid and refundable income taxes 797,939 481,977
Due from broker 778,556 134,722
Deferred income tax asset 81,545
TOTAL CURRENT ASSETS 31,248,155 32,691,440
Machinery and equipment, at cost, net of accumulated depreciation of $5,377,379 and $4,819,828 for 2017 and 2016, respectively 2,526,486 2,269,863
Customer list and relationships, net of accumulated amortization of $64,625 and $50,250 for the periods ended July 31, 2017 and 2016, respectively 375,375 219,750
Trademarks 180,000 180,000
Goodwill 2,377,407 1,017,905
Equity method investments 95,528 95,598
Deposits and other assets 535,750 549,337
TOTAL ASSETS 37,338,701 37,023,893
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 3,254,991 4,062,573
Line of credit 7,406,325 6,958,375
Deferred income tax liabilities 60,785
Income taxes payable 1,050
TOTAL CURRENT LIABILITIES 10,722,101 11,021,998
Deferred income tax liabilities 203,600 167,470
Deferred rent payable 238,088 231,216
Deferred compensation payable 509,170 489,668
TOTAL LIABILITIES 11,672,959 11,910,352
Common stock subject to possible redemption, at $200,004; 38,364 shares issued and outstanding at redemption value as of July 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; 5,821,554 and 5,824,938 shares outstanding as of July 31 2017 and October 31, 2016, respectively 6,456 6,456
Additional paid-in capital 15,904,109 15,904,109
Retained earnings 12,288,547 11,878,228
Less: Treasury stock, 634,762 and 631,378 common shares, at cost as of July 31, 2017 and October 31, 2016, respectively (3,265,419) (3,249,590)
Total Coffee Holding Co., Inc. Stockholders’ Equity 25,133,697 24,539,203
Noncontrolling interest 532,045 374,334
TOTAL EQUITY 25,665,742 24,913,537
TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS’ EQUITY $ 37,338,701 $ 37,023,893