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Prepaid Green Coffee
9 Months Ended
Jul. 31, 2018
Prepaid Green Coffee  
Prepaid Green Coffee

NOTE 5 - PREPAID GREEN COFFEE:

 

The balance represents advance payments made by OPTCO to several coffee growing cooperatives for the purchase of green coffee. Interest is charged to the cooperatives for these advances. Interest earned was $6,868 and $29,377 for the nine months ended July 31, 2018 and 2017, respectively. The prepaid coffee balance was $0 at July 31, 2018 and $171,350 at October 31, 2017.