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Condensed Consolidated Balance Sheets - USD ($)
Jul. 31, 2024
Oct. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 3,098,158 $ 2,733,977
Accounts receivable, net of allowances for credit losses of $144,000 for 2024 and 2023 7,449,547 7,983,032
Receivable from sale of investment 3,150,000
Inventories 14,506,015 18,986,539
Due from broker 1,263,603 345,760
Prepaid expenses and other current assets 213,443 413,752
Prepaid and refundable income taxes 311,306 365,876
TOTAL CURRENT ASSETS 26,842,072 33,978,936
Building, machinery, and equipment, net 3,329,576 3,494,450
Customer list and relationships, net of accumulated amortization of $278,125 and $310,383 for 2024 and 2023, respectively 161,875 184,750
Trademarks and tradenames 327,000 327,000
Equity method investments 39,676 39,676
Right-of-use asset 1,192,834 2,696,159
Deferred income tax assets, net 1,017,453 1,341,407
Deposits and other assets 141,529 129,523
TOTAL ASSETS 33,052,015 42,191,901
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 4,535,476 5,206,442
Line of credit 1,900,000 9,620,000
Due to broker 275,276 292,407
Note payable - current portion 4,200
Lease liabilities - current portion 636,534 255,625
TOTAL CURRENT LIABILITIES 7,347,286 15,378,674
Note payable, net of current 2,860 3,034
Lease liabilities, net of current 903,821 2,974,579
Deferred compensation payable 126,978 120,523
TOTAL LIABILITIES 8,380,945 18,476,810
Commitments and Contingencies (Note 8)
Coffee Holding Co., Inc. stockholders’ equity:    
Preferred stock, par value $.001 per share; 10,000,000 shares authorized; none issued
Common stock, par value $.001 per share; 30,000,000 shares authorized, 6,633,930 shares issued for 2024 and 2023; 5,708,599 shares outstanding for 2024 and 2023 6,634 6,634
Additional paid in capital 19,094,618 19,094,618
Retained earnings 10,447,840 9,491,861
Less: common stock held in treasury, at cost; 925,331 shares for 2024 and 2023 (4,633,560) (4,633,560)
Total Coffee Holding Co., Inc. stockholders’ equity 24,915,532 23,959,553
Noncontrolling interest (244,462) (244,462)
TOTAL STOCKHOLDERS’ EQUITY 24,671,070 23,715,091
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 33,052,015 $ 42,191,901