BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICY (Policies)

6 Months Ended

Apr. 30, 2022

Accounting Policies [Abstract]

Revenue Recognition

Revenue Recognition

The Company recognizes revenue in accordance with the five-step model as prescribed by the Financial Accounting Standards Board (“FASB”) Accounting Codification (“ASC”) Topic 606 (“ASC 606”) in which the Company evaluates the transfer of promised goods or services and recognizes revenue when its customer obtains control of promised goods or services in an amount that reflects the consideration which the Company expects to be entitled to receive in exchange for those goods or services. To determine revenue recognition for the arrangements that the Company determines are within the scope of ASC 606, the Company performs the following five steps: (1) identify the contract(s) with a customer, (2) identify the performance obligations in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract and (5) recognize revenue when (or as) the entity satisfies a performance obligation.

COFFEE HOLDING CO., INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

APRIL 30, 2022

(UNAUDITED)

NOTE 2 - BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICY (cont’d):

The following table presents revenues by stream for the six and three months ended April 30, 2022 and 2021.

	Six Months Ended April 30, 2022		Three Months Ended April 30, 2022		Six Months Ended April 30, 2021		Three Months Ended April 30, 2021
Green	$	14,148,853	$	7,197,280	$	12,050,777	$	5,446,902
Packaged	$	19,054,176	$	9,300,889	$	20,551,618	$	9,021,656
Totals	$	33,203,029	$	16,498,169	$	32,602,395	$	14,468,558