XML 11 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Balance Sheets - USD ($)
Jan. 31, 2019
Oct. 31, 2018
CURRENT ASSETS:    
Cash $ 4,797,806 $ 4,611,384
Accounts receivable, net of allowances of $144,000 for 2019 and 2018 9,207,731 9,914,297
Inventories 15,398,745 15,271,106
Prepaid expenses and other current assets 550,083 578,861
Prepaid and refundable income taxes 172,715 383,206
TOTAL CURRENT ASSETS 30,127,080 30,758,854
Machinery and equipment, at cost, net of accumulated depreciation of $6,410,550 and $6,251,828 for 2019 and 2018, respectively 2,321,597 2,350,208
Customer list and relationships, net of accumulated amortization of $121,546 and $108,875 for 2019 and 2018, respectively 566,854 576,125
Trademarks and tradenames 1,488,000 1,488,000
Other intangible assets 331,124 331,124
Non-compete, net of accumulated amortization of $14,850 and $9,900 for 2019 and 2018, respectively 84,150 89,100
Goodwill 2,157,661 2,157,661
Equity method investments 89,881 89,776
Deferred income tax asset 521,173 440,325
Deposits and other assets 636,297 552,904
TOTAL ASSETS 38,323,817 38,834,077
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 3,805,443 4,833,548
Line of credit 5,767,440 6,260,014
Due to broker 565,195 22,046
Note payable 70,255 70,255
Income taxes payable 19,914 1,505
TOTAL CURRENT LIABILITIES 10,228,247 11,187,368
Deferred income tax liabilities 847,932 882,022
Deferred rent payable 230,092 242,143
Deferred compensation payable 527,959 532,726
TOTAL LIABILITIES 11,834,230 12,844,259
Coffee Holding Co., Inc. stockholders' equity:    
Preferred stock, par value $.001 per share; 10,000,000 shares authorized; no shares issued and outstanding
Common stock, par value $.001 per share; 30,000,000 shares authorized, 6,494,680 shares issued; 5,569,349 shares outstanding as of January 31 2019 and October 31, 2018 6,494 6,494
Additional paid-in capital 16,104,075 16,104,075
Retained earnings 13,719,482 13,404,767
Less: Treasury stock, 925,331 common shares, at cost as of January 31, 2019 and October 31, 2018 (4,633,560) (4,633,560)
Total Coffee Holding Co., Inc. Stockholders' Equity 25,196,491 24,881,776
Noncontrolling interest 1,293,096 1,108,042
TOTAL EQUITY 26,489,587 25,989,818
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 38,323,817 $ 38,834,077