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Condensed Consolidated Balance Sheets - USD ($)
Jan. 31, 2022
Oct. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 4,016,775 $ 3,696,275
Accounts receivable, net of allowances of $144,000 for 2021 and 2020 8,542,166 9,299,978
Inventories 16,816,240 15,961,866
Due from broker 581,381 725,000
Prepaid expenses and other current assets 649,293 542,224
Prepaid and refundable income taxes 72,202 75,952
TOTAL CURRENT ASSETS 30,678,057 30,301,295
Building machinery and equipment, net 2,567,236 2,662,628
Customer list and relationships, net of accumulated amortization of $247,819 and $237,131 for 2022 and 2021, respectively 437,181 447,869
Trademarks and tradenames 408,000 408,000
Non-compete, net of accumulated amortization of $74,250 and $69,300 for 2022 and 2021, respectively 24,750 29,700
Goodwill 2,488,785 2,488,785
Equity method investments 370,519 402,245
Investment - other 2,500,000 2,500,000
Deferred income tax asset - net 93,186 77,394
Right of Use Asset 3,443,105 3,545,786
Deposits and other assets 508,086 449,225
TOTAL ASSETS 43,518,905 43,312,927
CURRENT LIABILITIES:    
Accounts payable and accrued expenses 3,150,300 5,047,640
Line of credit – current portion 5,400,850 3,800,850
Due to broker 631,469 708,321
Note payable – current portion 4,200 4,200
Lease liability – current portion 311,475 340,400
Dividend payable 399,000
Income taxes payable 564,599 416,449
TOTAL CURRENT LIABILITIES 10,461,893 10,317,860
Lease liabilities 3,239,638 3,299,784
Note payable – long term 11,785 13,092
Deferred compensation payable 301,976 311,872
TOTAL LIABILITIES 14,015,292 13,942,608
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, 6,633,930 shares issued for 2022 and 2021; 5,708,599 shares outstanding for 2022 and 2021 6,634 6,634
Additional paid-in capital 18,878,565 18,688,797
Retained earnings 14,353,085 14,471,222
Less: Treasury stock, 925,331 common shares, at cost for 2022 and 2021 (4,633,560) (4,633,560)
Total Coffee Holding Co., Inc. Stockholders’ Equity 28,604,724 28,533,093
Noncontrolling interest 898,889 837,226
TOTAL EQUITY 29,503,613 29,370,319
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 43,518,905 $ 43,312,927