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Prepaid Green Coffee
3 Months Ended
Jan. 31, 2018
Prepaid Green Coffee  
Prepaid Green Coffee

NOTE 4 - PREPAID GREEN COFFEE:

 

The balance represents advance payments made by OPTCO to several coffee growing cooperatives for the purchase of green coffee. Interest is charged to the cooperatives for these advances. Interest earned was $2,318 and $12,431 for the three months ended January 31, 2018 and 2017, respectively. The prepaid coffee balance was $105,685 at January 31, 2018 and $171,350 at October 31, 2017.