Filed 19 Jun 19

Document and Entity Information

Document and Entity Information - shares6 Months Ended
Apr. 30, 2019Jun. 07, 2019
Document And Entity Information
Entity Registrant NameCOFFEE HOLDING CO INC
Entity Central Index Key0001007019
Document Type10-Q
Document Period End DateApr. 30,
2019
Amendment Flagfalse
Current Fiscal Year End Date--10-31
Entity Reporting Status CurrentYes
Entity Interactive Data CurrentYes
Entity Filer CategoryNon-accelerated Filer
Entity Small Business Flagtrue
Entity Emerging Growth Companyfalse
Entity Ex Transition Periodfalse
Entity Shell Companyfalse
Entity Common Stock, Shares Outstanding5,569,349
Document Fiscal Period FocusQ2
Document Fiscal Year Focus2019

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)Apr. 30, 2019Oct. 31, 2018
CURRENT ASSETS:
Cash $ 3,163,494 $ 4,611,384
Accounts receivable, net of allowances of $144,000 for 2019 and 20188,741,240 9,914,297
Inventories16,414,475 15,271,106
Prepaid expenses and other current assets510,335 578,861
Prepaid and refundable income taxes230,515 383,206
TOTAL CURRENT ASSETS29,060,059 30,758,854
Machinery and equipment, at cost, net of accumulated depreciation of $6,582,909 and $6,251,828 for 2019 and 2018, respectively2,305,849 2,350,208
Customer list and relationships, net of accumulated amortization of $128,834 and $108,875 for 2019 and 2018, respectively556,166 576,125
Trademarks and tradenames1,488,000 1,488,000
Other intangible assets331,124 331,124
Non-compete, net of accumulated amortization of $19,800 and $9,900 for 2019 and 2018, respectively79,200 89,100
Goodwill2,157,661 2,157,661
Equity method investments89,698 89,776
Deferred income tax asset520,273 440,325
Deposits and other assets664,089 552,904
TOTAL ASSETS37,252,119 38,834,077
CURRENT LIABILITIES:
Accounts payable and accrued expenses2,896,135 4,833,548
Line of credit5,767,540 6,260,014
Due to broker626,434 22,046
Note payable 70,255
Income taxes payable15,114 1,505
TOTAL CURRENT LIABILITIES9,305,223 11,187,368
Deferred income tax liabilities847,932 882,022
Deferred rent payable218,042 242,143
Deferred compensation payable474,997 532,726
TOTAL LIABILITIES10,846,194 12,844,259
Coffee Holding Co., Inc. stockholders' equity:
Preferred stock, par value $.001 per share; 10,000,000 shares authorized; no shares issued and outstanding
Common stock, par value $.001 per share; 30,000,000 shares authorized, 6,494,680 shares issued; 5,569,349 shares outstanding as of April 30 2019 and October 31, 20186,494 6,494
Additional paid-in capital16,129,075 16,104,075
Retained earnings13,481,014 13,404,767
Less: Treasury stock, 925,331 common shares, at cost as of April 30, 2019 and October 31, 2018(4,633,560)(4,633,560)
Total Coffee Holding Co., Inc. Stockholders' Equity24,983,023 24,881,776
Noncontrolling interest1,422,902 1,108,042
TOTAL EQUITY26,405,925 25,989,818
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 37,252,119 $ 38,834,077

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)Apr. 30, 2019Oct. 31, 2018
Statement of Financial Position [Abstract]
Allowances for doubtful accounts $ 144,000 $ 144,000
Accumulated depreciation6,582,909 6,251,828
Customer list and relationships, accumulated amortization128,834 108,875
Non-compete, accumulated amortization $ 19,800 $ 9,900
Preferred stock, par value $ 0.001 $ 0.001
Preferred stock, shares authorized10,000,000 10,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value $ 0.001 $ 0.001
Common stock, shares authorized30,000,000 30,000,000
Common stock, shares issued6,494,680 6,494,680
Common stock, shares outstanding5,569,349 5,569,349
Treasury stock, shares925,331 925,331

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($)3 Months Ended6 Months Ended
Apr. 30, 2019Apr. 30, 2018Apr. 30, 2019Apr. 30, 2018
Income Statement [Abstract]
NET SALES $ 20,716,491 $ 22,193,898 $ 44,350,299 $ 44,277,116
COST OF SALES (including $4.1 and $4.4 million of related party costs for the six months ended April 30, 2019 and 2018, respectively. Including $2.3 and $3.0 million for the three months ended April 30, 2019 and 2018, respectively.)17,174,825 18,326,914 36,239,592 36,614,421
GROSS PROFIT3,541,666 3,866,984 8,110,707 7,662,695
OPERATING EXPENSES:
Selling and administrative3,477,254 2,833,248 7,152,915 5,570,082
Officers' salaries157,154 170,250 360,500 340,500
TOTAL3,634,408 3,003,498 7,513,415 5,910,582
INCOME (LOSS) FROM OPERATIONS(92,742)863,486 597,292 1,752,113
OTHER INCOME (EXPENSE)
Interest income3,565 4,690 5,353 7,737
Gain (loss) from equity method investment(184)257 (78)(4,558)
Interest expense(64,091)(94,141)(130,331)(186,649)
TOTAL(60,710)(89,194)(125,056)(183,470)
INCOME (LOSS) BEFORE PROVISION (BENEFIT) FOR INCOME TAXES AND NON-CONTROLLING INTEREST IN SUBSIDIARY(153,452)774,292 472,236 1,568,643
Provision (benefit) for income taxes(44,790)181,152 81,130 394,916
NET INCOME (LOSS) BEFORE NON-CONTROLLING INTEREST IN SUBSIDIARY(108,662)593,140 391,106 1,173,727
Less: Net (income) attributable to the non-controlling interest(129,806)(82,291)(314,859)(231,491)
NET INCOME (LOSS) ATTRIBUTABLE TO COFFEE HOLDING CO., INC. $ (238,468) $ 510,849 $ 76,247 $ 942,236
Basic and diluted earnings per share $ (0.04) $ 0.09 $ 0.01 $ .16
Weighted average common shares outstanding:
Basic and diluted5,569,349 5,721,635 5,569,349 5,743,967

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Income (Unaudited) (Parenthetical) - USD ($)3 Months Ended6 Months Ended
Apr. 30, 2019Apr. 30, 2018Apr. 30, 2019Apr. 30, 2018
Income Statement [Abstract]
Related party costs $ 2,300,000 $ 3,000,000 $ 4,100,000 $ 4,400,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)Common Stock [Member]Treasury Stock [Member]Additional Paid-in Capital [Member]Noncontrolling Interest [Member]Retained Earnings [Member]Total
Balance, beginning of period at Oct. 31, 2017 $ 6,494 $ (3,504,510) $ 16,104,075 $ 639,912 $ 12,345,490
Stock based compensation
Purchase of treasury stock(437,998)(792)
Noncontrolling interest231,492 231,491
Net (loss) income942,236 942,236
Balance, end of period at Apr. 30, 20186,494 (3,942,508)16,103,283 871,404 13,287,726 26,326,399
Balance, beginning of period at Jan. 31, 20185,743 (3,768,687)16,104,075 789,111 12,776,877
Purchase of treasury stock751 (173,821)(792)
Noncontrolling interest82,293 82,291
Net (loss) income510,849 510,849
Balance, end of period at Apr. 30, 20186,494 (3,942,508)16,103,283 871,404 13,287,726 26,326,399
Balance, beginning of period at Oct. 31, 20186,494 (4,633,560)16,104,075 1,108,042 13,404,767 25,989,818
Stock based compensation 25,000 25,000
Noncontrolling interest314,860 314,859
Net (loss) income76,247 76,247
Balance, end of period at Apr. 30, 20196,494 (4,633,560)16,129,075 1,422,902 13,481,014 26,405,925
Balance, beginning of period at Jan. 31, 20196,494 (4,633,560)16,104,075 1,293,096 13,719,482
Stock based compensation 25,000 25,000
Noncontrolling interest129,806 129,806
Net (loss) income(238,468)(238,468)
Balance, end of period at Apr. 30, 2019 $ 6,494 $ (4,633,560) $ 16,129,075 $ 1,422,902 $ 13,481,014 $ 26,405,925

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)Apr. 24, 2018Apr. 30, 2019Apr. 30, 2018
OPERATING ACTIVITIES:
Net income $ 391,106 $ 1,173,727
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization360,940 352,777
Stock-based compensation25,000
Unrealized loss (gain) on commodities604,388 (852,908)
Loss (gain) on equity method investments78 4,558
Deferred rent(24,101)882
Deferred income taxes(114,038)307,450
Changes in operating assets and liabilities:
Accounts receivable1,173,057 (403,173)
Inventories(1,143,369)1,105,528
Prepaid expenses and other current assets68,526 306,413
Prepaid green coffee 58,953
Prepaid and refundable income taxes152,691 25,463
Accounts payable and accrued expenses(1,937,413)(1,513,226)
Deposits and other assets(168,914)
Income taxes payable13,609 (1,046)
Net cash (used in) provided by operating activities(598,440)565,398
INVESTING ACTIVITIES:
Cash paid for business acquisition (2,740,217)
Purchases of machinery and equipment(286,721)(280,128)
Net cash used in investing activities(286,721)(3,020,345)
FINANCING ACTIVITIES:
Advances under bank line of credit7,526 3,800,200
Purchase of treasury stock (438,790)
Principal payment on note payable(70,255)
Principal payments under bank line of credit(500,000)
Net cash (used in) provided by financing activities(562,729)3,361,410
NET (DECREASE) INCREASE IN CASH(1,447,890)906,463
CASH, BEGINNING OF PERIOD4,611,384 2,325,650
CASH, END OF PERIOD3,163,494 3,232,113
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:
Interest paid131,901 178,293
Income taxes paid $ 28,868 $ 26,863
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accounts receivable $ 86,442
Inventory1,140,893
Equipment450,000
Prepaid expenses62,882
Non-compete150,000
Goodwill1,000,000
Less: Note payable150,000
Net cash paid $ 2,740,217

Business Activities

Business Activities6 Months Ended
Apr. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business ActivitiesNOTE 1 - BUSINESS ACTIVITIES: Coffee Holding Co., Inc.
(the “Company”) conducts wholesale coffee operations, including manufacturing, roasting, packaging, marketing and distributing
roasted and blended coffees for private labeled accounts and its own brands, and it sells green coffee. The Company also manufactures
and sells coffee roasters. The Company’s core product, coffee, can be summarized and divided into three product categories
(“product lines”) as follows: Wholesale Green Coffee: Private Label Coffee: Branded Coffee: The Company’s private
label and branded coffee sales are primarily to customers that are located throughout the United States with limited sales in Canada
and certain countries in Asia. Such customers include supermarkets, wholesalers, and individually-owned and multi-unit retailers.
The Company’s unprocessed green coffee, which includes over 90 specialty coffee offerings, is sold primarily to specialty
gourmet roasters and to coffee shop operators in the United States with limited sales in Australia, Canada, England and China. The Company’s wholesale
green, private label, and branded coffee product categories generate revenues and cost of sales individually but incur selling,
general and administrative expenses in the aggregate. There are no individual product managers and discrete financial information
is not available for any of the product lines. The Company’s product portfolio is used in one business and it operates and
competes in one business activity and economic environment. In addition, the three product lines share customers, manufacturing
resources, sales channels, and marketing support. Thus, the Company considers the three product lines to be one single reporting
segment.

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policy6 Months Ended
Apr. 30, 2019
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting PolicyNOTE 2 - BASIS OF PRESENTATION AND SIGNIFICANT
ACCOUNTING POLICY: The following (a) condensed
consolidated balance sheet as of October 31, 2018, which has been derived from audited financial statements, and (b) the unaudited
interim condensed financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities
and Exchange Commission (the “SEC”). Certain information and footnote disclosures normally included in financial statements
prepared in accordance with generally accepted accounting principles (“U.S. GAAP”) have been condensed or omitted pursuant
to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not
misleading. It is suggested that these condensed consolidated financial statements be read in conjunction with the consolidated
financial statements and the notes thereto included in the Company’s latest shareholders’ annual report on Form 10-K
filed with the SEC on January 29, 2019 for the fiscal year ended October 31, 2018 (“Form 10-K”). In the opinion of management,
all adjustments (which include normal and recurring nature adjustments) necessary to present a fair statement of the Company’s
financial position as of April 30, 2019, and results of operations for the three and six months ended April 30, 2019 and the cash
flows for the six months ended April 30, 2019 as applicable, have been made. The results of operations
for the three and six months ended April 30, 2019 are not necessarily indicative of the operating results for the full fiscal year
or any future periods. The condensed consolidated
financial statements include the accounts of the Company, the Company’s subsidiaries, Organic Products Trading Company, LLC
(“OPTCO”), Sonofresco, LLC (“SONO”), Comfort Foods, Inc. (“CFI”) and Generations Coffee Company,
LLC (“GCC”), the entity formed as a result of the Company’s joint venture with Caruso’s Coffee, Inc. The
Company owns a 60% equity interest in GCC. All significant inter-company transactions and balances have been eliminated in consolidation. Significant Accounting Policy Revenue Recognition The Company’s significant
accounting policy for revenue was updated as a result of the adoption of ASU 2014-09. The Company has adopted the new standard
on November 1, 2018 and has used the modified retrospective method. The majority of the Company’s business is ship and bill.
Based on our analysis, the Company did not identify a cumulative effect adjustment to retained earnings at November 1, 2018. The
Company recognizes revenue in accordance with the five-step model as prescribed by ASU 2014-09 in which the Company evaluates the
transfer of promised goods or services and recognizes revenue when its customer obtains control of promised goods or services in
an amount that reflects the consideration which the Company expects to be entitled to receive in exchange for those goods or services.
To determine revenue recognition for the arrangements that the Company determines are within the scope of ASU 2014-09, the Company
performs the following five steps: (1) identify the contract(s) with a customer, (2) identify the performance obligations in the
contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the contract
and (5) recognize revenue when (or as) the entity satisfies a performance obligation. See Note 11 for revenue disaggregated by
product line. Share-Based Payment The Company accounts for
share-based payments using the fair value method. For employees and directors, the fair value of the award is measured, as discussed
below, on the grant date. The Company has granted stock options at an exercise price equal to the closing price of the Company’s
common stock as reported by Nasdaq. Upon exercise of an option, the Company issues new shares of common stock out of its authorized
shares. The weighted-average fair
value of options has been estimated on the grant date using the Black-Scholes pricing model. The fair value of each instrument
is estimated on the grant date utilizing certain assumptions for a risk-free interest rate, volatility and expected remaining lives
of the awards. The risk-free interest rate used is the United States Treasury rate for the day of the grant having a term equal
to the life of the equity instrument. Beginning with the current year quarter, the fair value of stock-based payment awards issued
was estimated using a volatility derived from comparable companies share price. The assumptions used in calculating the fair value
of share-based payment awards represents management’s best estimates, but these estimates involve inherent uncertainties
and the application of management judgement. As a result, if factors change and the Company uses different assumptions, the Company’s
stock-based compensation expense could be materially different in the future. In addition, the Company is required to estimate
the expected forfeiture rate and only recognize expense for those shares expected to vest. In estimating the Company’s forfeiture
rate, the Company analyzed its historical forfeiture rate, the remaining lives of unvested options, and the number of vested options
as a percentage of total options outstanding. If the Company’s actual forfeiture rate is materially different from its estimate,
or if the Company reevaluates the forfeiture rate in the future, the stock-based compensation expense could be significantly different. The Black Scholes assumptions
are as follows:
April 30, 2019
Expected Life 10 years
Risk free interest rate 2.42% ˗ 2.57 %
Expected volatility 43.0% ˗ 64.2 %
Expected dividend yield 0 %
Forfeiture rate 0 %

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements Affecting the Company6 Months Ended
Apr. 30, 2019
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Pronouncements Affecting the CompanyNOTE 3 - RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS
AFFECTING THE COMPANY: The FASB issued ASU 2016-02,
Leases (Topic 842). ASU 2016-01 requires that a lessee recognize the assets and liabilities that arise from operating leases. A
lessee should recognize in the statement of financial position a liability to make lease payments (the lease liability) and a right-of-use
asset representing its right to use the underlying asset for the lease term. For leases with a term of 12 months or less, a lessee
is permitted to make an accounting policy election by class of underlying asset not to recognize lease assets and lease liabilities.
In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented
using a modified retrospective approach. Public business entities should apply the amendments in ASU 2016-02 for fiscal years beginning
after December 15, 2018, including interim periods within those fiscal years (i.e., January 1, 2019, for a calendar year entity).
Nonpublic business entities should apply the amendments for fiscal years beginning after December 15, 2019 (i.e., January 1, 2020,
for a calendar year entity), and interim periods within fiscal years beginning after December 15, 2020. Early application is permitted
for all public business entities and all nonpublic business entities upon issuance. The Company is currently evaluating the impact
of adopting this guidance. The FASB issued ASU 2016-09
Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting (ASU 2016-09). The amendment
simplifies several aspects of the accounting for share-based payments, including immediate recognition of all excess tax benefits
and deficiencies in the income statement, changing the threshold to qualify for equity classification up to the employees’
maximum statutory tax rates, allowing an entity-wide accounting policy election to either estimate the number of awards that are
expected to vest or account for forfeitures as they occur, and clarifying the classification on the statement of cash flows for
the excess tax benefit and employee taxes paid when an employer withholds shares for tax-withholding purposes. ASU 2016-09 is effective
for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted
in any interim or annual period. There was no material impact to the condensed consolidated financial statements upon adoption. In July 2017, the FASB
issued ASU 2017-11, “Earnings Per Share (Topic 260), Distinguishing Liabilities from Equity (Topic 480), Derivatives and
Hedging (Topic 815): I. Accounting for Certain Financial Instruments with Down Round Features, II. Replacement of the Indefinite
Deferral for Mandatorily Redeemable Financial Instruments of Certain Nonpublic Entities and Certain Mandatorily Redeemable Noncontrolling
Interests with a Scope Exception” which addresses narrow issues identified as a result of the complexity associated with
applying generally accepted accounting principles for certain financial instruments with characteristics of liabilities and equity.
Part I of this Update addresses the complexity of accounting for certain financial instruments with down round features. Current
accounting guidance creates cost and complexity for entities that issue financial instruments (such as warrants and convertible
instruments) with down round features that require fair value measurement of the entire instrument or conversion option. Part
II of this Update addresses the difficulty of navigating Topic 480, Distinguishing Liabilities from Equity, because of the existence
of extensive pending content in the FASB Accounting Standards Codification. This pending content is the result of the indefinite
deferral of accounting requirements about mandatorily redeemable financial instruments of certain nonpublic entities and certain
mandatorily redeemable noncontrolling interests. The amendments in Part I of this Update change the classification analysis of
certain equity-linked financial instruments (or embedded features) with down round features. When determining whether certain
financial instruments should be classified as liabilities or equity instruments, a down round feature no longer precludes equity
classification when assessing whether the instrument is indexed to an entity’s own stock. The amendments also clarify existing
disclosure requirements for equity-classified instruments. The amendments in Part II of this update recharacterize the indefinite
deferral of certain provisions of Topic 480 that now are presented as pending content in the Codification, to a scope exception.
These amendments in Part I of this update are effective for annual and interim periods beginning after December 15, 2018, early
adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period,
any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The amendments in
Part I of this Update should be applied in either of the following ways: (1) Retrospectively to outstanding financial instruments
with a down round feature by means of a cumulative-effect adjustment to the statement of financial position as of the beginning
of the first fiscal year and interim period(s) in which the pending content that links to this paragraph is effective. (2) Retrospectively
to outstanding financial instruments with a down round feature for each prior reporting period presented in accordance with the
guidance on accounting changes in paragraphs 250-10-45-5 through 45-10. The amendments in Part I and Part II of this Update do
not require any transition guidance because those amendments do not have an accounting effect.

Business Acquisition

Business Acquisition6 Months Ended
Apr. 30, 2019
Business Combinations [Abstract]
Business AcquisitionNOTE 4 – BUSINESS ACQUISITION: Steep & Brew, Inc. Acquisition Pursuant to the terms of an Asset Purchase
Agreement dated April 24, 2018 (the “Generations Agreement”), by and among Generations Coffee Company, LLC (“GCC”),
the entity formed as a result of the Company’s joint venture with Caruso’s Coffee, Inc., Steep & Brew, Inc. (“the
Seller”) a Wisconsin corporation and the stockholder of the Seller. GCC purchased substantially all the assets, including
equipment, inventory, customer list and relationships (the “Assets”) of the Seller. This was accounted for as a business
combination. Pro Forma Results of Operations (unaudited) The following pro forma results of operations
for the three and six months ended April 30, 2018 have been prepared as though the business acquisition had occurred as of November
1, 2017. There is no proforma information included here for the three and six months ended April 30, 2019 because the Steep &
Brew, Inc. numbers are included in the actual April 30, 2019 results. This pro forma financial information is not indicative of
the results of operations that the Company would have attained had the acquisition occurred at the beginning of the periods presented,
nor is the pro forma financial information indicative of the results of operations that may occur in the future:
Three Months Ended April 30, 2018
Six Months Ended April 30, 2018
Pro forma sales $ 24,542,639 $ 49,680,884
Pro forma net income 378,773 837,063
Pro forma basic and diluted earnings per share .07 .15

Accounts Receivable

Accounts Receivable6 Months Ended
Apr. 30, 2019
Receivables [Abstract]
Accounts ReceivableNOTE 5 - ACCOUNTS RECEIVABLE: Trade accounts receivable
are stated at the amount the Company expects to collect. The Company maintains allowances for doubtful accounts for estimated losses
resulting from the inability of its customers to make required payments. Management considers the following factors when determining
the collectability of specific customer accounts: customer credit-worthiness, past transaction history with the customer, current
economic industry trends, and changes in customer payment terms. Past due balances over 60 days and other higher risk amounts are
reviewed individually for collectability. If the financial condition of the Company’s customers were to deteriorate, adversely
affecting their ability to make payments, additional allowances would be required. Based on management’s assessment, the
Company provides for estimated uncollectible amounts through a charge to earnings and a credit to a valuation allowance. Balances
that remain outstanding after the Company has used reasonable collection efforts are written off through a charge to the valuation
allowance and a credit to accounts receivable. The reserve for sales discounts
represents the estimated discount that customers will take upon payment. The reserve for other allowances represents the estimated
amount of returns, slotting fees and volume based discounts estimated to be incurred by the Company from its customers. The allowances
are summarized as follows:
April 30, 2019 October 31, 2018
Allowance for doubtful accounts $ 65,000 $ 65,000
Reserve for other allowances 35,000 35,000
Reserve for sales discounts 44,000 44,000
Totals $ 144,000 $ 144,000

Inventories

Inventories6 Months Ended
Apr. 30, 2019
Inventory Disclosure [Abstract]
InventoriesNOTE 6 - INVENTORIES: Inventories at April 30,
2019 and October 31, 2018 consisted of the following:
April 30, 2019 October 31, 2018
Packed coffee $ 4,563,283 $ 3,286,450
Green coffee 8,859,188 9,858,495
Roasters and parts 280,375 270,188
Packaging supplies 2,711,629 1,855,973
Totals $ 16,414,475 $ 15,271,106

Commodities Held by Broker

Commodities Held by Broker6 Months Ended
Apr. 30, 2019
Brokers and Dealers [Abstract]
Commodities Held by BrokerNOTE 7 - COMMODITIES HELD BY BROKER: The Company has used, and intends to continue
to use in a limited capacity, short term coffee futures and options contracts primarily for the purpose of partially hedging and
minimizing the effects of changing green coffee prices and to reduce our cost of sales. The commodities held at broker represent
the market value of the Company’s trading account, which consists of options and future contracts for coffee held with a
brokerage firm. The Company uses options and futures contracts, which are not designated or qualifying as hedging instruments,
to partially hedge the effects of fluctuations in the price of green coffee beans. Options and futures contracts are recognized
at fair value in the condensed consolidated financial statements with current recognition of gains and losses on such positions.
The Company’s accounting for options and futures contracts may increase earnings volatility in any particular period. The Company has open position
contracts held by the broker, which are summarized as follows:
April 30, 2019 October 31, 2018
Option Contracts $ (398,588 ) $ (39,926 )
Future Contracts (227,846 ) 17,880
Total Commodities $ (626,434 ) $ (22,046 ) The Company classifies
its options and future contracts as trading securities and accordingly, unrealized holding gains and losses are included in earnings
and not reflected as a net amount as a separate component of stockholders’ equity. At April 30, 2019, the
Company held 112 futures contracts (generally with terms of three to four months) for the purchase of 4,200,000 pounds of green
coffee at a weighted average price of $0.9280 per pound. The fair market value of coffee applicable to such contracts was $0.9315
per pound at that date. At October 31, 2018, the
Company held 22 futures contracts (generally with terms of three to four months) for the purchase of 825,000 pounds of green coffee
at a weighted average price of $1.11 per pound. The fair market value of coffee applicable to such contracts was $1.13 per pound
at that date. At October 31, 2018, the Company held 65 options covering an aggregate of 2,437,500 pounds of green coffee beans
from $1.125 to $1.15 per pound. The fair market value of these options, which was obtained from observable market data of similar
instruments was $52,594. The Company recorded realized
and unrealized gains and losses respectively, on these contracts as follows:
Three Months Ended April 30,
2019 2018
Gross realized gains $ 171,955 $ 134,849
Gross realized losses (1,661,913 ) (545,296 )
Unrealized (loss) gain (61,239 ) 737,041
Total $ (1,551,197 ) $ 326,594
Six Months Ended April 30,
2019 2018
Gross realized gains $ 714,551 $ 265,795
Gross realized losses (1,971,526 ) (958,631 )
Unrealized (loss) gain (604,388 ) 852,909
Total $ (1,861,363 ) $ 160,073

Line of Credit

Line of Credit6 Months Ended
Apr. 30, 2019
Debt Disclosure [Abstract]
Line of CreditNOTE 8 - LINE OF CREDIT: On April 25, 2017 the Company
and OPTCO (together with the Company, collectively referred to herein as the “Borrowers”) entered into an Amended and
Restated Loan and Security Agreement (the “A&R Loan Agreement”) and Amended and Restated Loan Facility (the “A&R
Loan Facility”) with Sterling National Bank (“Sterling”), which consolidated (i) the financing agreement between
the Company and Sterling, dated February 17, 2009, as modified, (the “Company Financing Agreement”) and (ii) the financing
agreement between Company, as guarantor, OPTCO and Sterling, dated March 10, 2015 (the “OPTCO Financing Agreement”),
amongst other things. Pursuant to the A&R
Loan Agreement, the terms of each of the Company Financing Agreement and the OPTCO Financing Agreement were amended and restated
to, among other things: (i) provide for a new Maturity Date of February 28, 2018; (ii) consolidate the principal amounts of the
Company Financing Agreement and the OPTCO Financing Agreement to provide for a maximum principal amount limit of $12,000,000 for
the Borrowers, collectively, provided that On March 23, 2018, the
Company reached an agreement for a new loan modification agreement and credit facility with Sterling. The terms of the new agreement
among other things: (i) provides for a new maturity date of March 31, 2020; (ii) increases the maximum principal amount to $14,000,000;
and (iii) decreases the interest rate per annum to LIBOR plus 2 percent, 4.48% at April 30, 2019. Each of the A&R Loan
Facility and A&R Loan Agreement contains covenants, subject to certain exceptions, that place annual restrictions on the Borrowers’
operations, including covenants relating to debt restrictions, capital expenditures, indebtedness, minimum deposit restrictions,
tangible net worth, net profit, leverage, employee loan restrictions, dividend and repurchase restrictions (common stock and preferred
stock), and restrictions on intercompany transactions. The Company was in compliance with all covenants as of April 30, 2019 and
October 31, 2018. The A&R Loan Facility
also requires that we maintain a minimum working capital at all times, and the A&R Loan Agreement requires that the Borrowers,
on a consolidated basis, maintain a minimum working capital at all times and achieve a minimum net profit amount as of fiscal year
end during the term of the A&R Loan Agreement. Each of the A&R Loan
Facility and the A&R Loan Agreement is secured by all tangible and intangible assets of the Company. Other than as amended
and restated by the A&R Loan Agreement, the Company Financing Agreement and the OPTCO Financing Agreement remains in full force
and effect. As of April 30, 2019 and
October 31, 2018, the outstanding balance under the bank line of credit was $5,767,540 and $6,260,014, respectively. The Company
has announced a dividend plan. We intend to pay a dividend of 30% of our net profits for the fiscal year ending October 31, 2019
to shareholders of record as of October 31, 2019. We expect such dividend to be paid in our second fiscal quarter of 2020. The
Company has received a waiver from Sterling National bank allowing this plan.

Income Taxes

Income Taxes6 Months Ended
Apr. 30, 2019
Income Tax Disclosure [Abstract]
Income TaxesNOTE 9 - INCOME TAXES: The Company accounts for
income taxes pursuant to the asset and liability method which requires deferred income tax assets and liabilities to be computed
for temporary differences between the financial statement and tax basis of assets and liabilities that will result in taxable or
deductible amounts in the future based on enacted tax laws and rates applicable to the periods in which the differences are expected
to affect taxable income. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected
to be realized. The income tax provision or benefit is the tax incurred for the period plus or minus the change during the period
in deferred tax assets and liabilities. As of April 30, 2019 and
October 31, 2018, the Company did not have any unrecognized tax benefits or open tax positions. The Company’s practice is
to recognize interest and/or penalties related to income tax matters in income tax expense. As of April 30, 2019 and October 31,
2018, the Company had no accrued interest or penalties related to income taxes. The Company currently has no federal or state tax
examinations in progress. The Company files a U.S.
federal income tax return and California, Colorado, Connecticut, Idaho, Kansas, Louisiana, Montana, Massachusetts, Michigan, New
Jersey, New York, New York City, Oregon, Rhode Island, South Carolina, Tennessee, Virginia, and Texas state tax returns. The Company’s
federal income tax return is no longer subject to examination by the federal taxing authority for the years before fiscal 2015.
The Company’s California, Colorado and New Jersey income tax returns are no longer subject to examination by their respective
taxing authorities for the years before fiscal 2012. The Company’s Oregon and New York income tax returns are no longer subject
to examination by their respective taxing authorities for the years before fiscal 2013. The changes included in
the Tax Cuts and Jobs Act (the “Act”) are broad and complex. The final impacts of the Tax Act may differ from the
above estimate, possibly materially, due to, among other things, changes in interpretations of the Tax Act, any legislative action
to address questions that arise because of the Tax Act, any changes in accounting standards for income taxes or related interpretations
in response to the Tax Act, or any updates or changes to estimates the company has utilized to calculate the transition impact.
The Securities Exchange Commission has issued rules that would allow for a measurement period of up to one year after the enactment
date of the Tax Act to finalize the recording of the related tax impacts. We currently anticipate finalizing and recording any
resulting adjustments within one year after enactment date of the Tax Act.

Earnings Per Share

Earnings Per Share6 Months Ended
Apr. 30, 2019
Earnings Per Share [Abstract]
Earnings Per ShareNOTE 10 - EARNINGS PER SHARE: The Company presents “basic”
and “diluted” earnings per common share pursuant to the provisions included in the authoritative guidance issued by
FASB, “Earnings per Share,” and certain other financial accounting pronouncements. Basic earnings per common share
were computed by dividing net income by the sum of the weighted-average number of common shares outstanding. Diluted earnings per
common share is computed by dividing the net income by the weighted-average number of common shares outstanding plus the dilutive
effect of common shares issuable upon exercise of potential sources of dilution. The weighted average common
shares outstanding used in the computation of basic and diluted earnings per share were 5,569,349 for the six and three months
ended April 30, 2019 and 5,743,967 and 5,721,635 for the six and three months ended April 30, 2018, respectively. The Company
has granted 689,000 options which have not been included in the calculation of diluted earnings per share due to their anti-dilutive
nature.

Economic Dependency

Economic Dependency6 Months Ended
Apr. 30, 2019
Risks and Uncertainties [Abstract]
Economic DependencyNOTE 11 - ECONOMIC DEPENDENCY: Approximately 21% of the
Company’s sales were derived from five customers during the six months ended April 30, 2019. These customers also accounted
for approximately $2,030,000 of the Company’s accounts receivable balance at April 30, 2019. Approximately 20% of the Company’s
sales were derived from five customers during the six months ended April 30, 2018. These customers also accounted for approximately
$8,012,000 of the Company’s accounts receivable balance at April 30, 2018. Concentration of credit risk with respect to other
trade receivables is limited due to the short payment terms generally extended by the Company, by ongoing credit evaluations of
customers, and by maintaining an allowance for doubtful accounts that management believes will adequately provide for credit losses. For the six months ended
April 30, 2019, approximately 28% of the Company’s purchases were from five vendors. These vendors accounted for approximately
$322,000 of the Company’s accounts payable at April 30, 2019. For the six months ended April 30, 2018, approximately 19%
of the Company’s purchases were from six vendors. These vendors accounted for approximately $218,000 of the Company’s
accounts payable at April 30, 2018. Management does not believe the loss of any one vendor would have a material adverse effect
of the Company’s operations due to the availability of many alternate suppliers. Approximately 21% of the
Company’s sales were derived from five customers during the three months ended April 30, 2019. Approximately 18% of the Company’s
sales were derived from five customers during the three months ended April 30, 2018. For the three months ended
April 30, 2019, approximately 25% of the Company’s purchases were from five vendors. For the three months ended April 30,
2018, approximately 18% of the Company’s purchases were from six vendors. The following table presents
revenues by product line in the six and three months ended April 30, 2019 and 2018
Six Months Ended April 30, 2019
Three Months Ended April 30, 2019
Six Months Ended April 30, 2018
Three Months Ended April 30, 2018
Green $ 17,178,743 $ 8,021,039 $ 21,776,323 $ 10,929,696
Packaged $ 27,171,556 $ 12,695,452 $ 22,500,793 $ 11,264,202
Totals $ 44,350,299 $ 20,716,491 $ 44,277,116 $ 22,193,898

Related Party Transactions

Related Party Transactions6 Months Ended
Apr. 30, 2019
Related Party Transactions [Abstract]
Related Party TransactionsNOTE 12 - RELATED PARTY TRANSACTIONS: The Company has engaged
its 40% partner in GCC as an outside contractor (the “Partner”). Included in contract labor expense are expenses incurred
from the Partner during the three and six months ended April 30, 2019 of $106,754 and $207,374, respectively, and $119,557 and
$231,225 for the three and six months ended April 30, 2018, respectively, for the processing of finished goods. An employee of one of the
top five vendors is a director of the Company. Purchases from that vendor totaled approximately $2,299,000 and $4,095,000 for the
three and six months ended April 30, 2019, respectively, and $3,036,000 and $4,434,000 for the three and six months ended April
30, 2018, respectively. The corresponding accounts payable balance to this vendor was approximately $63,000 and $218,000 at April
30, 2019 and 2018, respectively. In January 2005, the Company
established the “Coffee Holding Co., Inc. Non-Qualified Deferred Compensation Plan.” Currently, there is only one
participant in the plan: the Company’s Chief Executive Officer. Within the plan guidelines, this employee is deferring a
portion of his current salary and bonus. The assets are held in a separate trust. The deferred compensation payable represents
the liability due to an officer of the Company. The assets are included in the Deposits and other assets in the accompanying balance
sheets. The deferred compensation asset and liability at April 30, 2019 and October 31, 2018 were $474,997 and $532,726, respectively.

Stockholders' Equity

Stockholders' Equity6 Months Ended
Apr. 30, 2019
Equity [Abstract]
Stockholders' EquityNOTE 13 - STOCKHOLDERS’ EQUITY:
a. Treasury Stock
b. Share Repurchase Program.
Stock Options. The Company has an incentive stock plan, the 2013 Equity Compensation Plan (the “2013 Plan”), and on April 19, 2019, has granted stock options to employees, officers and non-employee directors from the 2013 Plan. Options granted under the 2013 Plan may be Incentive Stock Options or Nonqualified Stock Options, as determined by the Administrator at the time of grant. As of April 30, 2019, the Board of Directors approved 1,000,000 options. There were 689,000 options granted from this pool of awards and the remaining 311,000 remaining shares have not yet been granted.
During the quarter ended April 30, 2019, the Company granted stock option awards to five board members to purchase an aggregate 59,000 shares of the Company’s common stock at $5.43 per share. The stock options have an expected
term of six years and will vest over a twelve month service period. The stock options have an aggregate
grant date fair value of approximately $233,320. The Company also granted stock option awards to certain officers to purchase an
aggregate of 630,000 shares of the Company’s common stock at an exercise price of $5.43 per share. The stock options have
an expected term of six years and will vest over a three year service period. These stock options have an aggregate grant date fair
value of approximately $1,524,600. The following table represents stock
option activity for the six months ended April 30, 2019:
Stock Options Exercise Price
Contractual Life Aggregate Intrinsic
Outstanding Exercisable Outstanding Exercisable (Years) Value
Balance October 31, 2018 - - - - - -
Granted 689,000 $ 5.43 - 10 -
Exercised - - - - - -
Cancelled - - - - - -
Balance April 30, 2019 689,000 - $ 5.43 - 10 1,757,920 The Company recorded $25,000 of stock-based
compensation in the three months ended April 30, 2019. The outstanding stock compensation
expense as of April 30, 2019 was approximately $1,732,650.

Subsequent Events

Subsequent Events6 Months Ended
Apr. 30, 2019
Subsequent Events [Abstract]
Subsequent EventsNOTE 14 - SUBSEQUENT EVENTS: The Company evaluates
events that have occurred after the balance sheet date but before the financial statements are issued. Based upon the evaluation,
the Company did not identify any recognized or non-recognized subsequent events that would have required further adjustment or
disclosure in the condensed consolidated financial statements.

Basis of Presentation and Sig_2

Basis of Presentation and Significant Accounting Policy (Policies)6 Months Ended
Apr. 30, 2019
Accounting Policies [Abstract]
Revenue RecognitionRevenue Recognition The Company’s significant
accounting policy for revenue was updated as a result of the adoption of ASU 2014-09. The Company has adopted the new standard
on November 1, 2018 and has used the modified retrospective method. The majority of the Company’s business is ship and bill.
Based on our analysis, the Company did not identify a cumulative effect adjustment to retained earnings at November 1, 2018. The
Company recognizes revenue in accordance with the five-step model as prescribed by ASU 2014-09 in which the Company evaluates
the transfer of promised goods or services and recognizes revenue when its customer obtains control of promised goods or services
in an amount that reflects the consideration which the Company expects to be entitled to receive in exchange for those goods or
services. To determine revenue recognition for the arrangements that the Company determines are within the scope of ASU 2014-09,
the Company performs the following five steps: (1) identify the contract(s) with a customer, (2) identify the performance obligations
in the contract, (3) determine the transaction price, (4) allocate the transaction price to the performance obligations in the
contract and (5) recognize revenue when (or as) the entity satisfies a performance obligation. See Note 11 for revenue disaggregated
by product line.
Share-Based PaymentShare-Based Payment The Company accounts for
share-based payments using the fair value method. For employees and directors, the fair value of the award is measured, as discussed
below, on the grant date. The Company has granted stock options at an exercise price equal to the closing price of the Company’s
common stock as reported by Nasdaq. Upon exercise of an option, the Company issues new shares of common stock out of its authorized
shares. The weighted-average fair
value of options has been estimated on the grant date using the Black-Scholes pricing model. The fair value of each instrument
is estimated on the grant date utilizing certain assumptions for a risk-free interest rate, volatility and expected remaining lives
of the awards. The risk-free interest rate used is the United States Treasury rate for the day of the grant having a term equal
to the life of the equity instrument. Beginning with the current year quarter, the fair value of stock-based payment awards issued
was estimated using a volatility derived from comparable companies share price. The assumptions used in calculating the fair value
of share-based payment awards represents management’s best estimates, but these estimates involve inherent uncertainties
and the application of management judgement. As a result, if factors change and the Company uses different assumptions, the Company’s
stock-based compensation expense could be materially different in the future. In addition, the Company is required to estimate
the expected forfeiture rate and only recognize expense for those shares expected to vest. In estimating the Company’s forfeiture
rate, the Company analyzed its historical forfeiture rate, the remaining lives of unvested options, and the number of vested options
as a percentage of total options outstanding. If the Company’s actual forfeiture rate is materially different from its estimate,
or if the Company reevaluates the forfeiture rate in the future, the stock-based compensation expense could be significantly different. The Black Scholes assumptions
are as follows:
April 30, 2019
Expected Life 10 years
Risk free interest rate 2.42% ˗ 2.57 %
Expected volatility 43.0% ˗ 64.2 %
Expected dividend yield 0 %
Forfeiture rate 0 %

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policy (Tables)6 Months Ended
Apr. 30, 2019
Accounting Policies [Abstract]
Summary of Black Scholes AssumptionsThe Black Scholes assumptions
are as follows:
April 30, 2019
Expected Life 10 years
Risk free interest rate 2.42% ˗ 2.57 %
Expected volatility 43.0% ˗ 64.2 %
Expected dividend yield 0 %
Forfeiture rate 0 %

Business Acquisition (Tables)

Business Acquisition (Tables)6 Months Ended
Apr. 30, 2019
Business Combinations [Abstract]
Schedule of Pro Forma Results of Operations This pro forma financial information is not indicative of the results of operations that the Company would have attained
had the acquisition occurred at the beginning of the periods presented, nor is the pro forma financial information indicative of
the results of operations that may occur in the future:
Three Months Ended April 30, 2018
Six Months Ended April 30, 2018
Pro forma sales $ 24,542,639 $ 49,680,884
Pro forma net income 378,773 837,063
Pro forma basic and diluted earnings per share .07 .15

Accounts Receivable (Tables)

Accounts Receivable (Tables)6 Months Ended
Apr. 30, 2019
Receivables [Abstract]
Schedule of Accounts ReceivableThe allowances are summarized
as follows:
April 30, 2019 October 31, 2018
Allowance for doubtful accounts $ 65,000 $ 65,000
Reserve for other allowances 35,000 35,000
Reserve for sales discounts 44,000 44,000
Totals $ 144,000 $ 144,000

Inventories (Tables)

Inventories (Tables)6 Months Ended
Apr. 30, 2019
Inventory Disclosure [Abstract]
Schedule of InventoriesInventories at April 30,
2019 and October 31, 2018 consisted of the following:
April 30, 2019 October 31, 2018
Packed coffee $ 4,563,283 $ 3,286,450
Green coffee 8,859,188 9,858,495
Roasters and parts 280,375 270,188
Packaging supplies 2,711,629 1,855,973
Totals $ 16,414,475 $ 15,271,106

Commodities Held by Broker (Tab

Commodities Held by Broker (Tables)6 Months Ended
Apr. 30, 2019
Brokers and Dealers [Abstract]
Schedule of Contracts Held by BrokerThe Company has open position
contracts held by the broker, which are summarized as follows:
April 30, 2019 October 31, 2018
Option Contracts $ (398,588 ) $ (39,926 )
Future Contracts (227,846 ) 17,880
Total Commodities $ (626,434 ) $ (22,046 )
Schedule of Realized and Unrealized Gains and Losses on ContractsThe Company recorded realized
and unrealized gains and losses respectively, on these contracts as follows:
Three Months Ended April 30,
2019 2018
Gross realized gains $ 171,955 $ 134,849
Gross realized losses (1,661,913 ) (545,296 )
Unrealized (loss) gain (61,239 ) 737,041
Total $ (1,551,197 ) $ 326,594
Six Months Ended April 30,
2019 2018
Gross realized gains $ 714,551 $ 265,795
Gross realized losses (1,971,526 ) (958,631 )
Unrealized (loss) gain (604,388 ) 852,909
Total $ (1,861,363 ) $ 160,073

Economic Dependency (Tables)

Economic Dependency (Tables)6 Months Ended
Apr. 30, 2019
Risks and Uncertainties [Abstract]
Schedule of Revenues by Product lineThe following table presents
revenues by product line in the six and three months ended April 30, 2019 and 2018
Six Months Ended April 30, 2019
Three Months Ended April 30, 2019
Six Months Ended April 30, 2018
Three Months Ended April 30, 2018
Green $ 17,178,743 $ 8,021,039 $ 21,776,323 $ 10,929,696
Packaged $ 27,171,556 $ 12,695,452 $ 22,500,793 $ 11,264,202
Totals $ 44,350,299 $ 20,716,491 $ 44,277,116 $ 22,193,898

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)6 Months Ended
Apr. 30, 2019
Equity [Abstract]
Summary of Stock Option ActivityThe following table represents stock
option activity for the six months ended April 30, 2019:
Stock Options Exercise Price
Contractual Life Aggregate Intrinsic
Outstanding Exercisable Outstanding Exercisable (Years) Value
Balance October 31, 2018 - - - - - -
Granted 689,000 $ 5.43 - 10 -
Exercised - - - - - -
Cancelled - - - - - -
Balance April 30, 2019 689,000 - $ 5.43 - 10 1,757,920

Basis of Presentation and Sig_4

Basis of Presentation and Significant Accounting Policy (Details Narrative)Apr. 30, 2019
Generations Coffee Company, LLC [Member]
Equity method investment, ownership percentage60.00%

Basis of Presentation and Sig_5

Basis of Presentation and Significant Accounting Policy - Summary of Black Scholes Assumptions (Details)6 Months Ended
Apr. 30, 2019
Accounting Policies [Abstract]
Expected Life10 years
Risk free interest rate, minimum2.42%
Risk free interest rate, maximum2.57%
Expected volatility, minimum43.00%
Expected volatility, maximum64.20%
Expected dividend yield0.00%
Forfeiture rate0.00%

Business Acquisition - Schedule

Business Acquisition - Schedule of Pro Forma Results of Operations (Details) - USD ($)3 Months Ended6 Months Ended
Apr. 30, 2018Apr. 30, 2018
Business Combinations [Abstract]
Pro forma sales $ 24,542,639 $ 49,680,884
Pro forma net income $ 378,773 $ 837,063
Pro forma basic and diluted earnings per share $ 0.07 $ 0.15

Accounts Receivable - Schedule

Accounts Receivable - Schedule of Accounts Receivable (Details) - USD ($)Apr. 30, 2019Oct. 31, 2018
Receivables [Abstract]
Allowance for doubtful accounts $ 65,000 $ 65,000
Reserve for other allowances35,000 35,000
Reserve for sales discounts44,000 44,000
Totals $ 144,000 $ 144,000

Inventories - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($)Apr. 30, 2019Oct. 31, 2018
Totals $ 16,414,475 $ 15,271,106
Packed Coffee [Member]
Totals4,563,283 3,286,450
Green Coffee [Member]
Totals8,859,188 9,858,495
Roasters and Parts [Member]
Totals280,375 270,188
Packaging Supplies [Member]
Totals $ 2,711,629 $ 1,855,973

Commodities Held by Broker (Det

Commodities Held by Broker (Details Narrative)6 Months Ended12 Months Ended
Apr. 30, 2019Integerlb$ / sharesOct. 31, 2018USD ($)Integerlb$ / shares
Number of futures contracts | Integer112 22
Purchase of futures contracts | lb4,200,000 825,000
Futures contracts weighted average price per pound $ 0.9280 $ 1.11
Fair market value of futures contract per pound $ 0.9315 $ 1.13
Options [Member]
Number of futures contracts | Integer65
Purchase of futures contracts | lb2,437,500
Fair market value of options | $ $ 52,594
Minimum [Member]
Futures contracts term3 months
Minimum [Member] | Options [Member]
Fair market value of futures contract per pound $ 1.125
Maximum [Member]
Futures contracts term4 months
Maximum [Member] | Options [Member]
Fair market value of futures contract per pound $ 1.15

Commodities Held by Broker - Sc

Commodities Held by Broker - Schedule of Contracts Held by Broker (Details) - USD ($)Apr. 30, 2019Oct. 31, 2018
Brokers and Dealers [Abstract]
Option Contracts $ (398,588) $ (39,926)
Future Contracts(227,846)17,880
Total Commodities $ (626,434) $ (22,046)

Commodities Held by Broker - _2

Commodities Held by Broker - Schedule of Realized and Unrealized Gains and Losses on Contracts (Details) - USD ($)3 Months Ended6 Months Ended
Apr. 30, 2019Apr. 30, 2018Apr. 30, 2019Apr. 30, 2018
Brokers and Dealers [Abstract]
Gross realized gains $ 171,955 $ 134,849 $ 714,551 $ 265,795
Gross realized losses(1,661,913)(545,296)(1,971,526)(958,631)
Unrealized (loss) gain(61,239)737,041 (604,388)852,909
Total $ (1,551,197) $ 326,594 $ (1,861,363) $ 160,073

Line of Credit (Details Narrati

Line of Credit (Details Narrative) - USD ($)Mar. 23, 2018Apr. 25, 2017Apr. 30, 2019Oct. 31, 2018
Line of credit interest rate4.48%
Bank Line of Credit [Member]
Line of credit, maximum principal amount $ 5,767,540 $ 6,260,014
Shareholders [Member] | October 31, 2019 [Member]
Percentage of dividend from net profits30.00%
Amended and Restated Loan and Security Agreement [Member]
Line of credit, maximum principal amount $ 12,000,000
Amended and Restated Loan and Security Agreement [Member] | Borrowers [Member]
Line of credit expire dateFeb. 28,
2018
Line of credit, maximum principal amount $ 3,000,000
Line of credit interest rate85.00%
Amended and Restated Loan and Security Agreement [Member] | Borrowers [Member] | London Interbank Offered Rate (LIBOR) [Member]
Line of credit interest rate2.40%
Prepayment premium percentage1.00%
Maximum obligation amount $ 1,000,000
Amended and Restated Loan and Security Agreement [Member] | Borrowers [Member] | Accounts Receivable [Member]
Line of credit maximum borrowing capacity2,000,000
Amended and Restated Loan and Security Agreement [Member] | Borrowers [Member] | Accounts Receivable [Member] | OPTCO [Member]
Line of credit maximum borrowing capacity $ 1,500,000
Organic Products Trading Company [Member]
Prepayment premium percentage0.50%
New Loan Modification Agreement and Credit Facility [Member]
Line of credit expire dateMar. 31,
2020
Line of credit, maximum principal amount $ 14,000,000
New Loan Modification Agreement and Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Line of credit interest rate2.00%

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)Apr. 30, 2019Oct. 31, 2018
Income Tax Disclosure [Abstract]
Unrecognized tax benefits
Accrued interest or penalties

Earnings Per Share (Details Nar

Earnings Per Share (Details Narrative) - shares3 Months Ended6 Months Ended
Apr. 30, 2019Apr. 30, 2018Apr. 30, 2019Apr. 30, 2018
Earnings Per Share [Abstract]
Weighted average common shares outstanding: Basic and diluted5,569,349 5,721,635 5,569,349 5,743,967
Stock options, granted689,000

Economic Dependency (Details Na

Economic Dependency (Details Narrative) - USD ($)3 Months Ended6 Months Ended
Apr. 30, 2019Apr. 30, 2018Apr. 30, 2019Apr. 30, 2018Oct. 31, 2018
Accounts receivable $ 144,000 $ 144,000 $ 144,000
Five Customers [Member]
Accounts receivable $ 2,030,000 $ 2,030,000
Five Customers [Member] | Sales Revenue [Member]
Concentration risk percentage21.00%18.00%21.00%20.00%
Four Customers [Member]
Accounts receivable $ 8,012,000 $ 8,012,000
Five Vendors [Member]
Concentration risk percentage25.00%28.00%
Accounts payable $ 322,000 $ 322,000
Six Vendors [Member]
Concentration risk percentage18.00%19.00%
Accounts payable $ 218,000 $ 218,000

Economic Dependency - Schedule

Economic Dependency - Schedule of Revenues by Product Line (Details) - USD ($)3 Months Ended6 Months Ended
Apr. 30, 2019Apr. 30, 2018Apr. 30, 2019Apr. 30, 2018
Totals $ 20,716,491 $ 22,193,898 $ 44,350,299 $ 44,277,116
Green [Member]
Totals8,021,039 10,929,696 17,178,743 21,776,323
Packaged [Member]
Totals $ 12,695,452 $ 11,264,202 $ 27,171,556 $ 22,500,793

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)3 Months Ended6 Months Ended
Apr. 30, 2019Apr. 30, 2018Apr. 30, 2019Apr. 30, 2018Oct. 31, 2018
Contract labor expense $ 106,754 $ 119,557 $ 207,374 $ 231,225
Purchases from related party vendor2,299,000 3,036,000 4,095,000 4,434,000
Accounts payable from related party vendor63,000 $ 218,000 63,000 $ 218,000
Deferred compensation payable $ 474,997 $ 474,997 $ 532,726
Generations Coffee Company, LLC [Member]
Related party transaction percentage40.00%

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($)3 Months Ended6 Months Ended12 Months Ended
Apr. 30, 2019Apr. 30, 2019Apr. 30, 2018Oct. 31, 2018Sep. 10, 2017
Number of treasury stock shares 236,586
Number of treasury stock shares, value $ 1,129,050
Share-based compensation, options, number of shares authorized1,000,000 1,000,000
Stock options granted689,000
Stock options purchase price per share $ 5.43
Stock-based compensation $ 25,000 $ 25,000
Outstanding stock compensation expense $ 1,732,650 $ 1,732,650
Five Board Members [Member]
Stock options granted59,000
Stock options purchase price per share $ 5.43
Stock options expected termP6Y
Stock options vesting period12 months
Stock options aggregate grant date fair value $ 233,320
Certain Officers [Member]
Stock options granted630,000
Stock options purchase price per share $ 5.43
Stock options expected termP6Y
Stock options vesting period3 years
Stock options aggregate grant date fair value $ 1,524,600
2013 Equity Compensation Plan [Member]
Share-based compensation, remaining shares available for grant311,000 311,000
2017 Share Repurchase Program [Member]
Number of treasury stock shares236,586
Number of treasury stock shares, value $ 1,129,050
Number of common stock repurchase2,000,000

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Stock Option Activity (Details)6 Months Ended
Apr. 30, 2019USD ($)$ / sharesshares
Equity [Abstract]
Stock Options, begining balance | shares
Stock Options, Granted | shares689,000
Stock Options, Exercised | shares
Stock Options, Cancelled | shares
Stock Options, ending balance | shares689,000
Exercise Price, begining balance | $ / shares
Exercise Price, Granted | $ / shares5.43
Exercise Price, Exercised | $ / shares
Exercise Price, Cancelled | $ / shares
Exercise Price, ending balance | $ / shares $ 5.43
Stock option, Contractual Life10 years
Aggregate Intrinsic Value, ending balance | $ $ 1,757,920