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CONSOLIDATED BALANCE SHEETS - USD ($)
Oct. 31, 2016
Oct. 31, 2015
CURRENT ASSETS:    
Cash $ 3,227,981 $ 3,853,816
Accounts receivable, net of allowances of $144,000 for 2016 and 2015 13,517,892 10,968,237
Inventories 14,276,290 13,862,818
Prepaid green coffee 435,577 620,452
Prepaid expenses and other current assets 535,456 256,202
Prepaid and refundable income taxes 481,977 1,434,577
Due from broker 134,722 0
Deferred income tax asset 81,545 997,720
TOTAL CURRENT ASSETS 32,691,440 31,993,822
Machinery and equipment, at cost, net of accumulated depreciation of $4,819,828 and $4,241,256 for 2016 and 2015, respectively 2,269,863 1,845,000
Customer list and relationships, net of accumulated amortization of $50,250 and $41,250 for 2016 and 2015, respectively 219,750 108,750
Trademarks 180,000 180,000
Goodwill 1,017,905 440,000
Equity method investments 95,598 96,571
Deposits and other assets 549,337 610,499
TOTAL ASSETS 37,023,893 35,274,642
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 4,062,573 4,021,389
Line of credit 6,958,375 5,554,121
Due to broker 0 483,835
Income taxes payable 1,050 0
TOTAL CURRENT LIABILITIES 11,021,998 10,059,345
Deferred income tax liabilities 167,470 92,370
Deferred rent payable 231,216 222,055
Deferred compensation payable 489,668 482,499
TOTAL LIABILITIES 11,910,352 10,856,269
Redeemable common stock:    
Common stock subject to possible redemption, at $200,004; 38,364 shares issued and outstanding at redemption value as of October 31, 2016, none as of October 31, 2015 200,004 0
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS EQUITY:    
Preferred stock, par value $.001 per share; 10,000,000 shares authorized; none issued 0 0
Common stock, par value $.001 per share; 30,000,000 shares authorized, 6,494,680 and 6,456,316 shares issued; 5,824,938 and 6,162,207 shares outstanding for 2016 and 2015 6,456 6,456
Additional paid-in capital 15,904,109 15,904,109
Retained earnings 11,878,228 9,665,940
Less: Treasury stock, 631,378 and 294,109 common shares, at cost for 2016 and 2015 (3,249,590) (1,494,712)
Total Coffee Holding Co., Inc. Stockholders Equity 24,539,203 24,081,793
Noncontrolling interest 374,334 336,580
TOTAL EQUITY 24,913,537 24,418,373
TOTAL LIABILITIES, REDEEMABLE COMMON STOCK AND STOCKHOLDERS EQUITY $ 37,023,893 $ 35,274,642