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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Oct. 31, 2021
Oct. 31, 2020
OPERATING ACTIVITIES:    
Net income (loss) $ 867,677 $ (336,044)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 662,909 741,503
Impairment of trademarks and tradenames 1,080,000
Stock-based compensation 759,073 868,477
Unrealized (gain) loss on commodities - net (469,004) 553,356
Loss on equity method investments 159,160 5,016
Loss on disposal of machinery and equipment 321,651
Amortization of right of use asset 350,871 397,794
Deferred income taxes (177,801) (291,352)
Changes in operating assets and liabilities:    
Accounts receivable (1,891,073) 2,012,522
Inventories 1,141,127 1,738,232
Prepaid expenses and other current assets (51,978) 97,380
Prepaid and refundable income taxes 69,353 240,629
Deposits and other assets (128,353) 101,905
Accounts payable and accrued expenses 2,011,543 (1,307,917)
Change in lease liability (406,714) (441,015)
Income taxes payable 411,078 5,271
Net cash provided by operating activities 4,709,519 4,385,757
INVESTING ACTIVITIES:    
Purchases of other investment (2,500,000)
Distribution of funds from deferred compensation plan (101,905)
Proceeds from sale of machinery and equipment 113,166
Purchases of building, machinery and equipment (1,500,483) (435,930)
Net cash used in investing activities (3,887,317) (537,835)
FINANCING ACTIVITIES:    
Advances under bank line of credit 6,016,413 1,141,132
Principal payment on note payable (5,075) (4,440)
Principal payments under bank line of credit (6,012,385) (4,512,050)
Net cash used in financing activities (1,047) (3,375,358)
NET INCREASE IN CASH 821,155 472,564
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR 2,875,120 2,402,556
CASH AND CASH EQUIVALENTS, END OF YEAR 3,696,275 2,875,120
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:    
Interest paid 85,357 196,823
Income taxes paid 35,120 3,739
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
On October 15, 2020 Coffee Holding Company acquired an equity method investment through a contribution of shares in Jordre Well, LLC 480,413
Initial recognition of operating lease right of use asset 2,091,316 2,512,022
Initial recognition of operating lease liabilities 2,091,316 2,705,484
Termination of operating lease right of use asset 242,888
Termination of operating lease liability 242,888
Machinery and equipment acquired through financing $ 26,807