XML 11 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
Apr. 30, 2018
Oct. 31, 2017
CURRENT ASSETS:    
Cash $ 3,232,113 $ 2,325,650
Accounts receivable, net of allowances of $144,000 for 2018 and 2017 13,931,417 13,441,802
Inventories 16,345,937 16,310,572
Prepaid green coffee 112,397 171,350
Prepaid expenses and other current assets 350,294 593,825
Prepaid and refundable income taxes 447,351 472,814
Due from broker 642,046
TOTAL CURRENT ASSETS 35,061,555 33,316,013
Machinery and equipment, at cost, net of accumulated depreciation of $5,895,426 and $5,557,899 for 2018 and 2017, respectively 2,831,939 2,439,338
Customer list and relationships, net of accumulated amortization of $87,500 and $72,250 for 2018 and 2017, respectively 352,500 367,750
Trademarks 820,000 820,000
Other intangible assets 331,124 331,124
Non-compete 150,000
Goodwill 2,548,969 1,794,265
Equity method investments 90,085 94,643
Deferred income tax asset 13,968 339,748
Deposits and other assets 522,633 497,529
TOTAL ASSETS 42,722,773 40,000,410
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 2,917,399 4,430,626
Line of credit 12,207,727 8,407,527
Due to broker 210,862
Note payable 150,000
Income taxes payable 300 1,346
TOTAL CURRENT LIABILITIES 15,275,426 13,050,361
Deferred income tax liabilities 366,054 629,680
Deferred rent payable 241,261 240,379
Deferred compensation payable 513,633 488,529
TOTAL LIABILITIES 16,396,374 14,408,949
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; 5,702,342 and 5,805,935 shares outstanding as of April 30 2018 and October 31, 2017, respectively 6,494 6,494
Additional paid-in capital 16,103,283 16,104,075
Retained earnings 13,287,726 12,345,490
Less: Treasury stock, 792,338 and 688,745 common shares, at cost as of April 30, 2018 and October 31, 2017, respectively (3,942,508) (3,504,510)
Total Coffee Holding Co., Inc. Stockholders’ Equity 25,454,995 24,951,549
Noncontrolling interest 871,404 639,912
TOTAL EQUITY 26,326,399 25,591,461
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 42,722,773 $ 40,000,410