XML 12 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2022
Apr. 30, 2021
Income Statement [Abstract]        
NET SALES $ 16,498,169 $ 14,468,558 $ 33,203,029 $ 32,602,395
COST OF SALES 14,505,415 10,699,090 26,938,669 24,353,356
GROSS PROFIT 1,992,754 3,769,468 6,264,360 8,249,039
OPERATING EXPENSES:        
Selling and administrative 3,215,085 3,161,686 6,784,824 6,321,651
Officers’ salaries 151,138 153,638 302,275 306,863
TOTAL 3,366,223 3,315,324 7,087,099 6,628,514
(LOSS) INCOME FROM OPERATIONS (1,373,469) 454,144 (822,739) 1,620,525
OTHER (EXPENSE) INCOME        
Interest income 2,556 519 4,094 929
Loss from equity method investment (4,075) (1,317) (35,801) (3,915)
Interest expense (49,683) (16,839) (90,293) (43,507)
TOTAL (51,202) (17,637) (122,000) (46,493)
(LOSS) INCOME BEFORE (BENEFIT) PROVISION FOR INCOME TAXES AND NON-CONTROLLING INTEREST IN SUBSIDIARY (1,424,671) 436,507 (944,739) 1,574,032
(Benefit) provision for income taxes (385,681) 129,086 (248,275) 510,329
NET (LOSS) INCOME BEFORE NON-CONTROLLING INTEREST IN SUBSIDIARY (1,038,990) 307,421 (696,464) 1,063,703
Less: Net loss (income) attributable to the non-controlling interest 670,894 49,623 609,231 (29,348)
NET INCOME (LOSS) ATTRIBUTABLE TO COFFEE HOLDING CO., INC. $ (368,096) $ 357,044 $ (87,233) $ 1,034,355
Basic and diluted (loss) earnings per share $ (0.06) $ 0.06 $ (0.02) $ 0.18
Weighted average common shares outstanding:        
Basic and diluted 5,708,599 5,708,599 5,708,599 5,708,599