XML 43 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Apr. 30, 2020
Apr. 30, 2019
Apr. 30, 2020
Apr. 30, 2019
Income Statement [Abstract]        
NET SALES $ 20,095,876 $ 20,716,491 $ 39,381,377 $ 44,350,299
COST OF SALES (including $3.0 and $4.1 million of related party costs for the six months ended April 30, 2020 and 2019, respectively. Including $1.7 and $2.3 million for the three months ended April 30, 2020 and 2019, respectively.) 15,589,450 17,174,825 31,760,285 36,239,592
GROSS PROFIT 4,506,426 3,541,666 7,621,092 8,110,707
OPERATING EXPENSES:        
Selling and administrative 3,455,723 3,477,254 6,960,438 7,152,915
Officers' salaries 157,154 157,154 327,404 360,500
TOTAL 3,612,877 3,634,408 7,287,842 7,513,415
INCOME (LOSS) FROM OPERATIONS 893,549 (92,742) 333,250 597,292
OTHER INCOME (EXPENSE)        
Interest income 1,952 3,565 2,696 5,353
Loss from equity method investment (1,680) (184) (2,991) (78)
Interest expense (49,725) (64,091) (105,459) (130,331)
TOTAL (49,453) (60,710) (105,754) (125,056)
INCOME (LOSS) BEFORE PROVISION (BENEFIT) FOR INCOME TAXES AND NON-CONTROLLING INTEREST IN SUBSIDIARY 844,096 (153,452) 227,496 472,236
Provision (benefit) for income taxes 154,767 (44,790) 89,351 81,130
NET INCOME (LOSS) BEFORE NON-CONTROLLING INTEREST IN SUBSIDIARY 689,329 (108,662) 138,145 391,106
Less: Net (income) attributable to the non-controlling interest (190,811) (129,806) (239,475) (314,859)
NET (LOSS) INCOME ATTRIBUTABLE TO COFFEE HOLDING CO., INC. $ 498,518 $ (238,468) $ (101,330) $ 76,247
Basic and diluted (loss) earnings per share $ 0.09 $ (0.04) $ (0.02) $ 0.01
Weighted average common shares outstanding:        
Basic and diluted 5,569,349 5,569,349 5,569,349 5,569,349