XML 28 R16.htm IDEA: XBRL DOCUMENT
v3.22.4

LEASES | 12 Months Ended
--- | ---
Oct. 31, 2021
Leases |
LEASES | NOTE 9 - LEASES: The following summarizes the Company’s operating leases: SCHEDULE OF OPERATING LEASE LIABILITY
|  | 2021 |  |  | 2020 |
Right-of-use operating lease assets |  | $ | 3,545,786 |  |  | $ | 2,114,228 |
Current lease liability |  |  | 340,400 |  |  |  | 484,163 |
Non-current lease liability |  |  | 3,299,784 |  |  |  | 1,780,306 |
Total lease liability |  | $ | 3,640,184 |  |  | $ | 2,264,469 |
The amortization of the right-of-use asset for the years ended October 31, 2021 and 2020 was $350,871 and $397,794, respectively.
Weighted average remaining lease term |  |  | 11.4 |
Weighted average discount rate |  |  | 4.9 | %
Maturities of lease liabilities by year for our operating leases are as follows: SCHEDULE OF MATURITY LEASE LIABILITY
2022 |  | $ | 514,053 |
2023 |  |  | 494,899 |
2024 |  |  | 356,304 |
2025 |  |  | 354,528 |
2026 |  |  | 360,104 |
Thereafter |  |  | 2,701,089 |
Total lease payments |  | $ | 4,780,977 |
Less: imputed interest |  |  | (1,140,793 | )
Present value of operating lease liabilities |  | $ | 3,640,184 |
The aggregate cash payments under these leasing agreements was $442,118 for the year ended October 31, 2021. In June 2021, the Company purchased a facility in Colorado for $900,321 that it was previously leasing. On the date of purchase, the Company wrote off the carrying value of the right-of-use asset and lease liability associated with this facility of $242,888. In September 2021, the Company extended its headquarters lease in Staten Island, New York through September 2036. As a result, on the date of the modification the Company increased its right-of-use asset and lease liability by $2,091,316. COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2021 AND 2020

X
- References No definition available. + Details
Name: | JVA_DisclosureLeasesAbstract
Namespace Prefix: | JVA_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration