XML 34 R18.htm IDEA: XBRL DOCUMENT
v3.25.1

Leases | 6 Months Ended
--- | ---
Apr. 30, 2025
Leases |
Leases | Note 10 – Leases The following summarizes the Company’s operating leases as of April 30, 2025 and October 31, 2024: Schedule of Operating Leases
Assets |  | April 30, 2025 |  |  | October 31, 2024 |
Right-of-use operating lease assets |  | $ | 2,894,746 |  |  | $ | 1,166,537 |
Total lease assets |  | $ | 2,894,746 |  |  | $ | 1,166,537 |
Liabilities |  | April 30, 2025 |  |  | October 31, 2024 |
Current lease liability |  | $ | 793,729 |  |  | $ | 307,364 |
Non-current lease liability |  |  | 2,135,691 |  |  | $ | 865,668 |
Total lease liability |  | $ | 2,929,420 |  |  | $ | 1,173,032 |
The amortization of the right-of-use assets for the three months ended April 30, 2025 and 2024 was $195,410 and $83,096, respectively. The amortization of the right-of-use assets for the six months ended April 30, 2025, and 2024 was $385,372 and $123,456, respectively. Variable lease payments were $106,000 and $31,700 during the three months ended April 30, 2025, and 2024, respectively. Variable lease payments were $271,000 and $62,300 during the six months ended April 30, 2025, and 2024, respectively. Operating lease costs were $491,200 and $237,672 for the six months ended April 30, 2025, and 2024, respectively. Operating lease costs were $245,600 and $195,600 for the three months ended April 30, 2025, and 2024, respectively. The weighted-average remaining lease term and the weighted-average discount rate of the Company’s leases were as follows:
Weighted average remaining lease term (in years) |  |  | 3.43 |
Weighted average discount rate |  |  | 6.77 | %
Maturities of lease liabilities by fiscal year for the Company’s operating leases are as follows: Schedule of Maturity Lease Liability
For the Years Ending October 31,: |  |  |
Remainder of fiscal 2025 |  | $ | 478,476 |
2026 |  |  | 955,052 |
2027 |  |  | 920,091 |
2028 |  |  | 864,490 |
2029 |  |  | 66,741 |
Total lease payments |  |  | 3,284,850 |
Less: imputed interest |  |  | (355,430 | )
Present value of operating lease liabilities |  | $ | 2,929,420 |
COFFEE HOLDING CO., INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) In May 2024, the Company modified its existing lease agreement pertaining to a portion of its office facility. The Company wrote off $1,848,032 in right-of-use assets and $2,058,599 lease liability associated with this agreement, resulting in a gain on extinguishment of lease of $210,567. On May 1, 2024, the Company entered into an amended lease agreement for the remaining portion of its office facility in Staten Island, NY, which changed the lease modification date to April 30, 2029. The amended lease commenced on May 1, 2024. The Company recognized a right-of-use asset and lease liability associated with this modified agreement of $547,975. As a result of the modification, the Company decreased its right-of-use asset by $1,300,057 and lease liability by $1,510,624 as of July 31, 2024. In November 2024, the Company entered into a new lease in connection with the Second Empire Acquisition. As a result, the Company recognized a right-of-use asset and lease liability of $2,113,581 in connection with such new lease.

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 -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
Name: | us-gaap_LesseeOperatingLeasesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration