XML 31 R2.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Balance Sheets - USD ($)
Apr. 30, 2020
Oct. 31, 2019
CURRENT ASSETS:    
Cash $ 2,647,456 $ 2,402,556
Accounts receivable, net of allowances of $144,000 for 2020 and 2019 9,249,966 9,421,427
Inventories 18,366,782 18,841,225
Due from broker 101,031
Prepaid expenses and other current assets 516,478 587,626
Prepaid and refundable income taxes 222,676 385,934
TOTAL CURRENT ASSETS 31,003,358 31,739,799
Machinery and equipment, at cost, net of accumulated depreciation of $7,279,571 and $6,931,913 for 2020 and 2019, respectively 2,225,649 2,413,533
Customer list and relationships, net of accumulated amortization of $173,003 and $151,627 for 2020 and 2019, respectively 511,997 533,373
Trademarks and tradenames 1,488,000 1,488,000
Non-compete, net of accumulated amortization of $39,600 and $29,700 for 2020 and 2019, respectively 59,400 69,300
Goodwill 2,488,785 2,488,785
Equity method investments 83,016 86,008
Deferred income tax asset 523,725 480,473
Right of use asset 2,296,687
Deposits and other assets 317,082 387,453
TOTAL ASSETS 40,997,699 39,686,724
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 4,687,344 4,344,015
Line of credit 5,108,872 7,167,740
Note payable - current portion 4,440
Lease liability - current portion 476,754
Due to broker 217,905
Income taxes payable 317 100
TOTAL CURRENT LIABILITIES 10,495,632 11,511,855
Deferred income tax liabilities 823,682 872,232
Deferred rent payable 193,461
Lease liability 1,992,123
Note payable - long term 20,372
Deferred compensation payable 308,082 378,453
TOTAL LIABILITIES 13,639,891 12,956,001
Commitments and Contingencies
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, 6,494,680 shares issued; 5,569,349 shares outstanding for 2020 and 2019, respectively 6,494 6,494
Additional paid-in capital 17,069,914 16,580,974
Retained earnings 13,208,839 13,310,169
Less: Treasury stock, 925,331 common shares, at cost for 2020 and 2019, respectively (4,633,560) (4,633,560)
Total Coffee Holding Co., Inc. Stockholders' Equity 25,651,687 25,264,077
Noncontrolling interest 1,706,121 1,466,646
TOTAL EQUITY 27,357,808 26,730,723
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 40,997,699 $ 39,686,724