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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Oct. 31, 2020
Oct. 31, 2019
OPERATING ACTIVITIES:    
Net (loss) income $ (336,044) $ 264,006
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:    
Depreciation and amortization 741,503 742,637
Stock-based compensation 868,477 476,899
Unrealized loss (gain) on commodities 553,356 (123,077)
Loss on equity method investments 5,016 3,769
Deferred rent (48,682)
Amortization of right to use asset 397,794
Deferred income taxes (291,352) (49,938)
Changes in operating assets and liabilities:    
Accounts receivable 2,012,522 492,870
Inventories 1,738,232 (3,570,119)
Prepaid expenses and other current assets 97,380 (8,765)
Prepaid and refundable income taxes 240,629 (2,728)
Accounts payable and accrued expenses (1,307,917) (489,533)
Change in lease liability (441,015)
Deposits and other assets 101,905 165,451
Income taxes payable 5,271 (1,405)
Net cash provided by (used in) operating activities 4,385,757 (2,148,616)
INVESTING ACTIVITIES:    
Distribution of funds from deferred compensation plan (101,905) (154,273)
Purchases of machinery and equipment (435,930) (743,410)
Net cash used in investing activities (537,835) (897,683)
FINANCING ACTIVITIES:    
Advances under bank line of credit 1,141,132 1,407,726
Principal payment on note payable (4,440) (70,255)
Principal payments under bank line of credit (4,512,050) (500,000)
Net cash (used in) provided by financing activities (3,375,358) 837,471
NET INCREASE (DECREASE) IN CASH 472,564 (2,208,828)
CASH, BEGINNING OF YEAR 2,402,556 4,611,384
CASH, END OF YEAR 2,875,120 2,402,556
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:    
Interest paid 196,823 254,603
Income taxes paid 3,739 83,279
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
On October 15, 2020 Coffee Holding Company acquired an equity interest in Jordre Well, LLC in exchange for 139,250 shares: 480,413
Initial recognition of operating lease right of use asset 2,512,022
Initial recognition of operating lease liabilities 2,705,484
Machinery and equipment acquired through financing $ 26,807