COFFEE HOLDING CO INC
For the period ended Jul 31, 2024. Filed Sep 13, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jul 31, 2024 · Filed Sep 13, 2024
JVA$4.86+0.8%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
CONDENSED CONSOLIDATED BALANCE SHEETS
| July 31, 2024 | October 31, 2023 | |
|---|---|---|
| (Unaudited) | ||
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $3,098,158 | $2,733,977 |
| Accounts receivable, net of allowances for credit losses of $144,000 for 2024 and 2023 | 7,449,547 | 7,983,032 |
| Receivable from sale of investment | — | 3,150,000 |
| Inventories | 14,506,015 | 18,986,539 |
| Due from broker | 1,263,603 | 345,760 |
| Prepaid expenses and other current assets | 213,443 | 413,752 |
| Prepaid and refundable income taxes | 311,306 | 365,876 |
| TOTAL CURRENT ASSETS | 26,842,072 | 33,978,936 |
| Building, machinery, and equipment, net | 3,329,576 | 3,494,450 |
| Customer list and relationships, net of accumulated amortization of $278,125 and $310,383 for 2024 and 2023, respectively | 161,875 | 184,750 |
| Trademarks and tradenames | 327,000 | 327,000 |
| Equity method investments | 39,676 | 39,676 |
| Right-of-use asset | 1,192,834 | 2,696,159 |
| Deferred income tax assets, net | 1,017,453 | 1,341,407 |
| Deposits and other assets | 141,529 | 129,523 |
| TOTAL ASSETS | $33,052,015 | $42,191,901 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| CURRENT LIABILITIES: | ||
| Accounts payable and accrued expenses | $4,535,476 | $5,206,442 |
| Line of credit | 1,900,000 | 9,620,000 |
| Due to broker | 275,276 | 292,407 |
| Note payable - current portion | — | 4,200 |
| Lease liabilities - current portion | 636,534 | 255,625 |
| TOTAL CURRENT LIABILITIES | 7,347,286 | 15,378,674 |
| Note payable, net of current | 2,860 | 3,034 |
| Lease liabilities, net of current | 903,821 | 2,974,579 |
| Deferred compensation payable | 126,978 | 120,523 |
| TOTAL LIABILITIES | 8,380,945 | 18,476,810 |
| Commitments and Contingencies (Note 8) | - | - |
| STOCKHOLDERS’ EQUITY: | ||
| 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 2024 and 2023; 5,708,599 shares outstanding for 2024 and 2023 | 6,634 | 6,634 |
| Additional paid in capital | 19,094,618 | 19,094,618 |
| Retained earnings | 10,447,840 | 9,491,861 |
| Less: common stock held in treasury, at cost; 925,331 shares for 2024 and 2023 | (4,633,560) | (4,633,560) |
| Total Coffee Holding Co., Inc. stockholders’ equity | 24,915,532 | 23,959,553 |
| Noncontrolling interest | (244,462) | (244,462) |
| TOTAL STOCKHOLDERS’ EQUITY | 24,671,070 | 23,715,091 |
| TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY | $33,052,015 | $42,191,901 |
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