XML 43 R4.htm IDEA: XBRL DOCUMENT v3.19.2
Condensed Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Jul. 31, 2019
Jul. 31, 2018
Jul. 31, 2019
Jul. 31, 2018
Income Statement [Abstract]        
NET SALES $ 21,594,285 $ 23,439,903 $ 65,944,583 $ 67,717,019
COST OF SALES (including $5.9 and $7.0 million related party cots for the nine months ended July 31, 2019 and 2018, respectively and $1.8 and $2.6 million for the three months ended July 31, 2019 and 2018, respectively.) 17,465,685 19,648,710 53,705,272 56,263,183
GROSS PROFIT 4,128,600 3,791,193 12,239,311 11,453,836
OPERATING EXPENSES:        
Selling and administrative 3,701,112 3,352,268 10,853,495 8,905,830
Officers' salaries 170,250 170,250 530,750 510,750
TOTAL 3,871,362 3,522,518 11,384,245 9,416,580
INCOME FROM OPERATIONS 257,238 268,675 855,066 2,037,256
OTHER INCOME (EXPENSE)        
Interest income 3,548 3,433 8,903 11,170
(Loss) gain from equity method investment (2,613) 199 (2,691) (4,359)
Interest expense (64,625) (99,906) (195,493) (286,555)
TOTAL (63,690) (96,274) (189,281) (279,744)
INCOME BEFORE PROVISION FOR INCOME TAXES AND NON-CONTROLLING INTEREST IN SUBSIDIARY 193,548 172,401 665,785 1,757,412
Provision for income taxes 34,413 35,721 115,543 447,105
NET INCOME BEFORE NON-CONTROLLING INTEREST IN SUBSIDIARY 159,135 136,680 550,242 1,310,407
Less: Net (income) attributable to the non-controlling interest (47,641) (120,990) (362,501) (352,481)
NET INCOME ATTRIBUTABLE TO COFFEE HOLDING CO., INC. $ 111,494 $ 15,690 $ 187,741 $ 957,926
Basic and diluted earnings per share $ 0.02 $ .00 $ 0.03 $ 0.17
Weighted average common shares outstanding:        
Basic and diluted 5,569,349 5,673,914 5,569,349 5,720,360