Coffee Holding (JVA) 10-Q 13 Sep 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jul. 31, 2019	Sep. 07, 2019
Document And Entity Information
Entity Registrant Name	COFFEE HOLDING CO INC
Entity Central Index Key	0001007019
Document Type	10-Q
Document Period End Date	Jul. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--10-31
Entity Reporting Status Current	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		5,569,349
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jul. 31, 2019	Oct. 31, 2018
CURRENT ASSETS:
Cash	$ 2,568,780	$ 4,611,384
Accounts receivable, net of allowances of $144,000 for 2019 and 2018	8,492,642	9,914,297
Inventories	17,702,156	15,271,106
Prepaid expenses and other current assets	686,359	578,861
Prepaid and refundable income taxes	288,639	383,206
TOTAL CURRENT ASSETS	29,738,576	30,758,854
Machinery and equipment, at cost, net of accumulated depreciation of $6,753,814 and $6,251,828 for 2019 and 2018, respectively	2,416,457	2,350,208
Customer list and relationships, net of accumulated amortization of $139,522 and $108,875 for 2019 and 2018, respectively	545,478	576,125
Trademarks and tradenames	1,488,000	1,488,000
Other intangible assets	331,124	331,124
Non-compete, net of accumulated amortization of $24,750 and $9,900 for 2019 and 2018, respectively	74,250	89,100
Goodwill	2,157,661	2,157,661
Equity method investments	87,085	89,776
Deferred income tax asset	446,823	440,325
Deposits and other assets	462,050	552,904
TOTAL ASSETS	37,747,504	38,834,077
CURRENT LIABILITIES:
Accounts payable and accrued expenses	3,627,521	4,833,548
Line of credit	5,767,640	6,260,014
Due to broker	96,704	22,046
Note payable		70,255
Income taxes payable	200	1,505
TOTAL CURRENT LIABILITIES	9,492,065	11,187,368
Deferred income tax liabilities	844,532	882,022
Deferred rent payable	205,992	242,143
Deferred compensation payable	435,987	532,726
TOTAL LIABILITIES	10,978,576	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 July 31 2019 and October 31, 2018	6,494	6,494
Additional paid-in capital	16,332,943	16,104,075
Retained earnings	13,592,508	13,404,767
Less: Treasury stock, 925,331 common shares, at cost as of July 31, 2019 and October 31, 2018	(4,633,560)	(4,633,560)
Total Coffee Holding Co., Inc. Stockholders' Equity	25,298,385	24,881,776
Noncontrolling interest	1,470,543	1,108,042
TOTAL EQUITY	26,768,928	25,989,818
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 37,747,504	$ 38,834,077

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Jul. 31, 2019	Oct. 31, 2018
Statement of Financial Position [Abstract]
Allowances for doubtful accounts	$ 144,000	$ 144,000
Accumulated depreciation	6,753,814	6,251,828
Customer list and relationships, accumulated amortization	139,522	108,875
Non-compete, accumulated amortization	$ 24,750	$ 9,900
Preferred stock, par value	$ .001	$ .001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued
Preferred stock, shares outstanding
Common stock, par value	$ .001	$ 0.001
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares issued	6,494,680	6,494,680
Common stock, shares outstanding	5,569,349	5,569,349
Treasury stock, shares	925,331	925,331

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Income Statement [Abstract]
NET SALES	$ 21,594,285	$ 23,439,903	$ 65,944,583	$ 67,717,019
COST OF SALES (including $5.9 and $7.0 million related party cots for the nine months ended July 31, 2019 and 2018, respectively and $1.8 and $2.6 million for the three months ended July 31, 2019 and 2018, respectively.)	17,465,685	19,648,710	53,705,272	56,263,183
GROSS PROFIT	4,128,600	3,791,193	12,239,311	11,453,836
OPERATING EXPENSES:
Selling and administrative	3,701,112	3,352,268	10,853,495	8,905,830
Officers' salaries	170,250	170,250	530,750	510,750
TOTAL	3,871,362	3,522,518	11,384,245	9,416,580
INCOME FROM OPERATIONS	257,238	268,675	855,066	2,037,256
OTHER INCOME (EXPENSE)
Interest income	3,548	3,433	8,903	11,170
(Loss) gain from equity method investment	(2,613)	199	(2,691)	(4,359)
Interest expense	(64,625)	(99,906)	(195,493)	(286,555)
TOTAL	(63,690)	(96,274)	(189,281)	(279,744)
INCOME BEFORE PROVISION FOR INCOME TAXES AND NON-CONTROLLING INTEREST IN SUBSIDIARY	193,548	172,401	665,785	1,757,412
Provision for income taxes	34,413	35,721	115,543	447,105
NET INCOME BEFORE NON-CONTROLLING INTEREST IN SUBSIDIARY	159,135	136,680	550,242	1,310,407
Less: Net (income) attributable to the non-controlling interest	(47,641)	(120,990)	(362,501)	(352,481)
NET INCOME ATTRIBUTABLE TO COFFEE HOLDING CO., INC.	$ 111,494	$ 15,690	$ 187,741	$ 957,926
Basic and diluted earnings per share	$ 0.02	$ .00	$ 0.03	$ 0.17
Weighted average common shares outstanding:
Basic and diluted	5,569,349	5,673,914	5,569,349	5,720,360

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Income (Unaudited) (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Income Statement [Abstract]
Related party costs	$ 1,800,000	$ 2,600,000	$ 5,900,000	$ 7,000,000

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($)	Preferred Stock [Member]	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Non-Controlling Interest [Member]	Total
Balance, beginning of period at Oct. 31, 2017		$ 6,494	$ (3,504,510)	$ 16,104,075	$ 12,345,490	$ 639,912	$ 25,591,461
Balance, beginning of period, shares at Oct. 31, 2017		5,805,935	688,745
Treasury Stock		$ (751)	$ (264,177)				(264,928)
Treasury Stock, shares		(63,041)	63,041
Non-Controlling Interest						149,199	149,199
Net (loss) income					431,387		431,387
Balance, end of period at Jan. 31, 2018		$ 5,743	$ (3,768,687)	16,104,075	12,776,877	789,111	25,907,119
Balance, end of period, shares at Jan. 31, 2018		5,742,894	751,786
Balance, beginning of period at Oct. 31, 2017		$ 6,494	$ (3,504,510)	16,104,075	12,345,490	639,912	25,591,461
Balance, beginning of period, shares at Oct. 31, 2017		5,805,935	688,745
Stock based compensation
Non-Controlling Interest							352,481
Net (loss) income							957,926
Balance, end of period at Jul. 31, 2018		$ 6,494	$ (4,398,877)	16,104,075	13,303,416	992,393	26,007,501
Balance, end of period, shares at Jul. 31, 2018		5,620,767	873,913
Balance, beginning of period at Jan. 31, 2018		$ 5,743	$ (3,768,687)	16,104,075	12,776,877	789,111	25,907,119
Balance, beginning of period, shares at Jan. 31, 2018		5,742,894	751,786
Treasury Stock		$ 751	$ (173,821)	(792)			(173,862)
Treasury Stock, shares		(40,552)	40,552
Non-Controlling Interest						82,293	82,293
Net (loss) income					510,849		510,849
Balance, end of period at Apr. 30, 2018		$ 6,494	$ (3,942,508)	16,103,283	13,287,726	871,404	26,326,399
Balance, end of period, shares at Apr. 30, 2018		5,702,342	792,338
Treasury Stock			$ (456,369)	792			(455,577)
Treasury Stock, shares		(81,575)	81,575
Non-Controlling Interest						120,989	120,990
Net (loss) income					15,690		15,690
Balance, end of period at Jul. 31, 2018		$ 6,494	$ (4,398,877)	16,104,075	13,303,416	992,393	26,007,501
Balance, end of period, shares at Jul. 31, 2018		5,620,767	873,913
Balance, beginning of period at Oct. 31, 2018		$ 6,494	$ (4,633,560)	16,104,075	13,404,767	1,108,042	25,989,818
Balance, beginning of period, shares at Oct. 31, 2018		5,569,349	925,331
Non-Controlling Interest						185,054	185,054
Net (loss) income					314,715		314,715
Balance, end of period at Jan. 31, 2019		$ 6,494	$ (4,633,560)	16,104,075	13,719,482	1,293,096	26,489,587
Balance, end of period, shares at Jan. 31, 2019		5,569,349	925,331
Balance, beginning of period at Oct. 31, 2018		$ 6,494	$ (4,633,560)	16,104,075	13,404,767	1,108,042	25,989,818
Balance, beginning of period, shares at Oct. 31, 2018		5,569,349	925,331
Stock based compensation							228,868
Non-Controlling Interest							362,501
Net (loss) income							187,741
Balance, end of period at Jul. 31, 2019		$ 6,494	$ (4,633,560)	16,332,943	13,592,508	1,470,543	26,768,928
Balance, end of period, shares at Jul. 31, 2019		5,569,349	925,331
Balance, beginning of period at Jan. 31, 2019		$ 6,494	$ (4,633,560)	16,104,075	13,719,482	1,293,096	26,489,587
Balance, beginning of period, shares at Jan. 31, 2019		5,569,349	925,331
Stock based compensation				25,000			25,000
Non-Controlling Interest						129,806	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	13,481,014	1,422,902	26,405,925
Balance, end of period, shares at Apr. 30, 2019		5,569,349	925,331
Stock based compensation				203,868			203,868
Non-Controlling Interest						47,641	47,641
Net (loss) income					111,494		111,494
Balance, end of period at Jul. 31, 2019		$ 6,494	$ (4,633,560)	$ 16,332,943	$ 13,592,508	$ 1,470,543	$ 26,768,928
Balance, end of period, shares at Jul. 31, 2019		5,569,349	925,331

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	Apr. 24, 2018	Jul. 31, 2019	Jul. 31, 2018
OPERATING ACTIVITIES:
Net income		$ 550,242	$ 1,310,407
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		547,483	544,564
Stock-based compensation		228,868
Unrealized loss (gain) on commodities		74,658	317,176
Loss (gain) on equity method investments		2,691	4,359
Deferred rent		(36,151)	1,323
Deferred income taxes		(43,988)	3,750
Changes in operating assets and liabilities:
Accounts receivable		1,421,655	4,917,860
Inventories		(2,431,050)	2,240,892
Prepaid expenses and other current assets		(107,498)	(50,625)
Prepaid green coffee			171,350
Prepaid and refundable income taxes		94,567	178,848
Accounts payable and accrued expenses		(1,206,027)	(1,698,518)
Deposits and other assets		90,854
Deferred compensation payable		(96,739)
Income taxes payable		(1,305)	5,889
Net cash (used in) provided by operating activities		(911,740)	7,947,275
INVESTING ACTIVITIES:
Cash paid for business acquisition			(2,740,217)
Purchases of machinery and equipment		(568,235)	(299,554)
Net cash used in investing activities		(568,235)	(3,039,771)
FINANCING ACTIVITIES:
Advances under bank line of credit		7,626	3,800,200
Purchase of treasury stock			(894,368)
Principal payment on note payable		(70,255)
Principal payments under bank line of credit		(500,000)	(5,059,065)
Net cash used in financing activities		(562,629)	(2,153,133)
NET (DECREASE) INCREASE IN CASH		(2,042,604)	2,754,371
CASH, BEGINNING OF PERIOD		4,611,384	2,325,650
CASH, END OF PERIOD		2,568,780	5,080,021
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:
Interest paid		197,216	285,603
Income taxes paid		$ 66,269	$ 245,838
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accounts receivable	$ 86,442
Inventory	1,140,893
Equipment	450,000
Prepaid expenses	62,882
Non-compete	150,000
Goodwill	1,000,000
Less: Note payable	150,000
Net cash paid	$ 2,740,217

Business Activities

Business Activities	9 Months Ended
	Jul. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business Activities	NOTE 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 Policy	9 Months Ended
	Jul. 31, 2019
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policy	NOTE 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 July 31, 2019, and results of operations for the three and nine months ended July 31, 2019 and the cash flows for the nine months ended July 31, 2019 as applicable, have been made. The results of operations for the three and nine months ended July 31, 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: July 31, 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 Company	9 Months Ended
	Jul. 31, 2019
Accounting Changes and Error Corrections [Abstract]
Recently Issued Accounting Pronouncements Affecting the Company	NOTE 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 Acquisition	9 Months Ended
	Jul. 31, 2019
Business Combinations [Abstract]
Business Acquisition	NOTE 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 nine months ended July 31, 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 nine months ended July 31, 2019 because the Steep & Brew, Inc. numbers are included in the actual July 31, 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: Nine Months Ended Pro forma sales $ 72,962,356 Pro forma net income 839,087 Pro forma basic and diluted earnings per share .15

Accounts Receivable

Accounts Receivable	9 Months Ended
	Jul. 31, 2019
Receivables [Abstract]
Accounts Receivable	NOTE 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: July 31, 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

Inventories	9 Months Ended
	Jul. 31, 2019
Inventory Disclosure [Abstract]
Inventories	NOTE 6 - INVENTORIES: Inventories at July 31, 2019 and October 31, 2018 consisted of the following: July 31, 2019 October 31, 2018 Packed coffee $ 5,480,873 $ 3,286,450 Green coffee 10,044,106 9,858,495 Roasters and parts 378,654 270,188 Packaging supplies 1,798,523 1,855,973 Totals $ 17,702,156 $ 15,271,106

Commodities Held by Broker

Commodities Held by Broker	9 Months Ended
	Jul. 31, 2019
Brokers and Dealers [Abstract]
Commodities Held by Broker	NOTE 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: July 31, 2019 October 31, 2018 Option Contracts $ (100,909 ) $ (39,926 ) Future Contracts 4,205 17,880 Total Commodities $ (96,704 ) $ (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 July 31, 2019, the Company held 8 futures contracts (generally with terms of three to four months) for the purchase of 300,000 pounds of green coffee at a weighted average price of $0.9820 per pound. The fair market value of coffee applicable to such contracts was $0.9725 per pound at that date. The Company also held 160 options covering an aggregate of 6,000,000 pounds of green coffee beans. The fair market value of these options, which was obtained from observable market data of similar instruments was $258,825. 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 July 31, 2019 2018 Gross realized gains $ 364,076 $ 369,233 Gross realized losses (450,602 ) (414,476 ) Unrealized gain (loss) 529,730 (1,170,086 ) Total $ 443,204 $ (1,215,329 ) Nine Months Ended July 31, 2019 2018 Gross realized gains $ 1,078,627 $ 635,029 Gross realized losses (2,422,128 ) (1,373,107 ) Unrealized (loss) gain (74,658 ) (317,177 ) Total $ (1,418,159 ) $ (1,055,255 )

Line of Credit

Line of Credit	9 Months Ended
	Jul. 31, 2019
Debt Disclosure [Abstract]
Line of Credit	NOTE 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, 4.22% at July 31, 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 July 31, 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 July 31, 2019 and October 31, 2018, the outstanding balance under the bank line of credit was $5,767,640 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 Taxes	9 Months Ended
	Jul. 31, 2019
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 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 July 31, 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 July 31, 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 Share	9 Months Ended
	Jul. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 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 nine and three months ended July 31, 2019 and 5,720,360 and 5,673,914 for the nine and three months ended July 31, 2018, respectively. The Company has granted 1,000,000 options which have not been included in the calculation of diluted earnings per share due to their anti-dilutive nature.

Economic Dependency

Economic Dependency	9 Months Ended
	Jul. 31, 2019
Risks and Uncertainties [Abstract]
Economic Dependency	NOTE 11 - ECONOMIC DEPENDENCY: Approximately 19% of the Company’s sales were derived from five customers during the nine months ended July 31, 2019. These customers also accounted for approximately $1,813,000 of the Company’s accounts receivable balance at July 31, 2019. Approximately 27% of the Company’s sales were derived from five customers during the nine months ended July 31, 2018. These customers also accounted for approximately $1,378,000 of the Company’s accounts receivable balance at July 31, 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 nine months ended July 31, 2019, approximately 25% of the Company’s purchases were from five vendors. These vendors accounted for approximately $496,000 of the Company’s accounts payable at July 31, 2019. For the nine months ended July 31, 2018, approximately 26% of the Company’s purchases were from six vendors. These vendors accounted for approximately $278,000 of the Company’s accounts payable at July 31, 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 17% of the Company’s sales were derived from five customers during the three months ended July 31, 2019. Approximately 20% of the Company’s sales were derived from five customers during the three months ended July 31, 2018. For the three months ended July 31, 2019, approximately 18% of the Company’s purchases were from five vendors. For the three months ended July 31, 2018, approximately 22% of the Company’s purchases were from six vendors. The following table presents revenues by product line in the nine and three months ended July 31, 2019 and 2018 Nine Months Ended Three Months Ended Nine Months Ended Three Months Ended Green $ 25,573,649 $ 8,394,907 $ 32,083,480 $ 10,307,157 Packaged $ 40,370,934 $ 13,199,378 $ 35,633,539 $ 13,132,746 Totals $ 65,944,583 $ 21,594,285 $ 67,717,019 $ 23,439,903

Related Party Transactions

Related Party Transactions	9 Months Ended
	Jul. 31, 2019
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 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 nine months ended July 31, 2019 of $102,524 and $309,898, respectively, and $112,458 and $343,683 for the three and nine months ended July 31, 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 $1,782,000 and $5,877,000 for the three and nine months ended July 31, 2019, respectively, and $2,555,000 and $6,989,000 for the three and nine months ended July 31, 2018, respectively. The corresponding accounts payable balance to this vendor was approximately $231,000 and $221,000 at July 31, 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 July 31, 2019 and October 31, 2018 were $435,987 and $532,726, respectively.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Jul. 31, 2019
Equity [Abstract]
Stockholders' Equity	NOTE 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 July 31, 2019, the Board of Directors approved 1,000,000 options. During the nine months ended July 31, 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 $233,050. The Company also granted stock option awards to certain officers and employees to purchase an aggregate of 941,000 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 $2,277,220. The following table represents stock option activity for the nine months ended July 31, 2019: Stock Options Exercise Price Contractual Life Aggregate Intrinsic Outstanding Exercisable Outstanding Exercisable (Years) Value Balance October 31, 2018 - - - - - - Granted 1,000,000 $ 5.43 - 10 - Exercised - - - - - - Cancelled - - - - - - Balance July 31, 2019 1,000,000 - $ 5.43 - 10 - The Company recorded $203,868 and $228,868 of stock-based compensation in the three and nine months ended July 31, 2019, respectively. The outstanding stock compensation expense as of July 31, 2019 was approximately $2,281,402.

Subsequent Events

Subsequent Events	9 Months Ended
	Jul. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	NOTE 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)	9 Months Ended
	Jul. 31, 2019
Accounting Policies [Abstract]
Revenue Recognition	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	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: July 31, 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)	9 Months Ended
	Jul. 31, 2019
Accounting Policies [Abstract]
Summary of Black Scholes Assumptions	The Black Scholes assumptions are as follows: July 31, 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)	9 Months Ended
	Jul. 31, 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: Nine Months Ended Pro forma sales $ 72,962,356 Pro forma net income 839,087 Pro forma basic and diluted earnings per share .15

Accounts Receivable (Tables)

Accounts Receivable (Tables)	9 Months Ended
	Jul. 31, 2019
Receivables [Abstract]
Schedule of Accounts Receivable	The allowances are summarized as follows: July 31, 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)	9 Months Ended
	Jul. 31, 2019
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories at July 31, 2019 and October 31, 2018 consisted of the following: July 31, 2019 October 31, 2018 Packed coffee $ 5,480,873 $ 3,286,450 Green coffee 10,044,106 9,858,495 Roasters and parts 378,654 270,188 Packaging supplies 1,798,523 1,855,973 Totals $ 17,702,156 $ 15,271,106

Commodities Held by Broker (Tab

Commodities Held by Broker (Tables)	9 Months Ended
	Jul. 31, 2019
Brokers and Dealers [Abstract]
Schedule of Contracts Held by Broker	The Company has open position contracts held by the broker, which are summarized as follows: July 31, 2019 October 31, 2018 Option Contracts $ (100,909 ) $ (39,926 ) Future Contracts 4,205 17,880 Total Commodities $ (96,704 ) $ (22,046 )
Schedule of Realized and Unrealized Gains and Losses on Contracts	The Company recorded realized and unrealized gains and losses respectively, on these contracts as follows: Three Months Ended July 31, 2019 2018 Gross realized gains $ 364,076 $ 369,233 Gross realized losses (450,602 ) (414,476 ) Unrealized gain (loss) 529,730 (1,170,086 ) Total $ 443,204 $ (1,215,329 ) Nine Months Ended July 31, 2019 2018 Gross realized gains $ 1,078,627 $ 635,029 Gross realized losses (2,422,128 ) (1,373,107 ) Unrealized (loss) gain (74,658 ) (317,177 ) Total $ (1,418,159 ) $ (1,055,255 )

Economic Dependency (Tables)

Economic Dependency (Tables)	9 Months Ended
	Jul. 31, 2019
Risks and Uncertainties [Abstract]
Schedule of Revenues by Product Line	The following table presents revenues by product line in the nine and three months ended July 31, 2019 and 2018 Nine Months Ended Three Months Ended Nine Months Ended Three Months Ended Green $ 25,573,649 $ 8,394,907 $ 32,083,480 $ 10,307,157 Packaged $ 40,370,934 $ 13,199,378 $ 35,633,539 $ 13,132,746 Totals $ 65,944,583 $ 21,594,285 $ 67,717,019 $ 23,439,903

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Jul. 31, 2019
Equity [Abstract]
Summary of Stock Option Activity	The following table represents stock option activity for the nine months ended July 31, 2019: Stock Options Exercise Price Contractual Life Aggregate Intrinsic Outstanding Exercisable Outstanding Exercisable (Years) Value Balance October 31, 2018 - - - - - - Granted 1,000,000 $ 5.43 - 10 - Exercised - - - - - - Cancelled - - - - - - Balance July 31, 2019 1,000,000 - $ 5.43 - 10 -

Basis of Presentation and Sig_4

Basis of Presentation and Significant Accounting Policy (Details Narrative)	Jul. 31, 2019
Generations Coffee Company, LLC [Member]
Equity method investment, ownership percentage	60.00%

Basis of Presentation and Sig_5

Basis of Presentation and Significant Accounting Policy - Summary of Black Scholes Assumptions (Details)	9 Months Ended
	Jul. 31, 2019
Accounting Policies [Abstract]
Expected Life	10 years
Risk free interest rate, minimum	2.42%
Risk free interest rate, maximum	2.57%
Expected volatility, minimum	43.00%
Expected volatility, maximum	64.20%
Expected dividend yield	0.00%
Forfeiture rate	0.00%

Business Acquisition - Schedule

Business Acquisition - Schedule of Pro Forma Results of Operations (Details)	9 Months Ended
	Jul. 31, 2018USD ($)$ / shares
Business Combinations [Abstract]
Pro forma sales	$ 72,962,356
Pro forma net income	$ 839,087
Pro forma basic and diluted earnings per share | $ / shares	$ 0.15

Accounts Receivable - Schedule

Accounts Receivable - Schedule of Accounts Receivable (Details) - USD ($)	Jul. 31, 2019	Oct. 31, 2018
Receivables [Abstract]
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 - Schedule of Inven

Inventories - Schedule of Inventories (Details) - USD ($)	Jul. 31, 2019	Oct. 31, 2018
Totals	$ 17,702,156	$ 15,271,106
Packed Coffee [Member]
Totals	5,480,873	3,286,450
Green Coffee [Member]
Totals	10,044,106	9,858,495
Roasters and Parts [Member]
Totals	378,654	270,188
Packaging Supplies [Member]
Totals	$ 1,798,523	$ 1,855,973

Commodities Held by Broker (Det

Commodities Held by Broker (Details Narrative)	9 Months Ended	12 Months Ended
	Jul. 31, 2019USD ($)Integerlb$ / shares	Oct. 31, 2018USD ($)Integerlb$ / shares
Number of futures contracts | Integer	8	22
Purchase of futures contracts | lb	300,000	825,000
Futures contracts weighted average price per pound	$ 0.9820	$ 1.11
Fair market value of futures contract per pound	$ 0.9725	$ 1.13
Options [Member]
Number of futures contracts | Integer	160	65
Purchase of futures contracts | lb	6,000,000	2,437,500
Fair market value of options | $	$ 258,825	$ 52,594
Minimum [Member]
Futures contracts term	3 months
Minimum [Member] | Options [Member]
Fair market value of futures contract per pound		$ 1.125
Maximum [Member]
Futures contracts term	4 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 ($)	Jul. 31, 2019	Oct. 31, 2018
Brokers and Dealers [Abstract]
Option Contracts	$ (100,909)	$ (39,926)
Future Contracts	4,205	17,880
Total Commodities	$ (96,704)	$ (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 Ended		9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Brokers and Dealers [Abstract]
Gross realized gains	$ 364,076	$ 369,233	$ 1,078,627	$ 635,029
Gross realized losses	(450,602)	(414,476)	(2,422,128)	(1,373,107)
Unrealized (loss) gain	529,730	(1,170,086)	(74,658)	(317,177)
Total	$ 443,204	$ (1,215,329)	$ (1,418,159)	$ (1,055,255)

Line of Credit (Details Narrati

Line of Credit (Details Narrative) - USD ($)	Mar. 23, 2018	Apr. 25, 2017	Jul. 31, 2019	Oct. 31, 2018
Line of credit interest rate			4.22%
Bank Line of Credit [Member]
Line of credit, maximum principal amount			$ 5,767,640	$ 6,260,014
Shareholders [Member] | October 31, 2019 [Member]
Percentage of dividend from net profits			30.00%
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 date		Feb. 28, 2018
Line of credit, maximum principal amount		$ 3,000,000
Line of credit interest rate		85.00%
Amended and Restated Loan and Security Agreement [Member] | Borrowers [Member] | London Interbank Offered Rate (LIBOR) [Member]
Line of credit interest rate		2.40%
Prepayment premium percentage		1.00%
Maximum obligation amount		$ 1,000,000
Amended and Restated Loan and Security Agreement [Member] | Borrowers [Member] | Accounts Receivable [Member]
Line of credit maximum borrowing capacity		2,000,000
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 percentage		0.50%
New Loan Modification Agreement and Credit Facility [Member]
Line of credit expire date	Mar. 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 rate	2.00%

Income Taxes (Details Narrative

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

Earnings Per Share (Details Nar

Earnings Per Share (Details Narrative) - shares	3 Months Ended		9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Earnings Per Share [Abstract]
Weighted average common shares outstanding: Basic and diluted	5,569,349	5,673,914	5,569,349	5,720,360
Stock options, granted			1,000,000

Economic Dependency (Details Na

Economic Dependency (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018	Oct. 31, 2018
Accounts receivable	$ 144,000		$ 144,000		$ 144,000
Five Customers [Member]
Accounts receivable	$ 1,813,000	$ 1,378,000	$ 1,813,000	$ 1,378,000
Five Customers [Member] | Sales Revenue [Member]
Concentration risk percentage	17.00%	20.00%	19.00%	27.00%
Five Vendors [Member]
Concentration risk percentage	18.00%		25.00%
Accounts payable	$ 496,000		$ 496,000
Six Vendors [Member]
Concentration risk percentage		22.00%		26.00%
Accounts payable		$ 278,000		$ 278,000

Economic Dependency - Schedule

Economic Dependency - Schedule of Revenues by Product Line (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018
Totals	$ 21,594,285	$ 23,439,903	$ 65,944,583	$ 67,717,019
Green [Member]
Totals	8,394,907	10,307,157	25,573,649	32,083,480
Packaged [Member]
Totals	$ 13,199,378	$ 13,132,746	$ 40,370,934	$ 35,633,539

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2019	Jul. 31, 2018	Jul. 31, 2019	Jul. 31, 2018	Oct. 31, 2018
Contract labor expense	$ 102,524	$ 112,458	$ 309,898	$ 343,683
Purchases from related party vendor	1,782,000	2,555,000	5,877,000	6,989,000
Accounts payable from related party vendor	231,000	$ 221,000	231,000	$ 221,000
Deferred compensation payable	$ 435,987		$ 435,987		$ 532,726
Generations Coffee Company, LLC [Member]
Related party transaction percentage			40.00%

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended		12 Months Ended
	Jul. 31, 2019	Apr. 30, 2019	Jul. 31, 2019	Jul. 31, 2018	Oct. 31, 2018	Sep. 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 authorized	1,000,000		1,000,000
Stock options granted			1,000,000
Stock options purchase price per share			$ 5.43
Stock-based compensation	$ 203,868	$ 25,000	$ 228,868
Outstanding stock compensation expense	$ 2,281,402		$ 2,281,402
Five Board Members [Member]
Stock options granted			59,000
Stock options purchase price per share			$ 5.43
Stock options expected term			P6Y
Stock options vesting period			12 months
Stock options aggregate grant date fair value			$ 233,050
Certain Officers [Member]
Stock options granted			941,000
Stock options purchase price per share			$ 5.43
Stock options expected term			P6Y
Stock options vesting period			3 years
Stock options aggregate grant date fair value			$ 2,277,220
2017 Share Repurchase Program [Member]
Number of treasury stock shares					236,586
Number of treasury stock shares, value					$ 1,129,050
Number of common stock repurchase						2,000,000

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Stock Option Activity (Details)	9 Months Ended
	Jul. 31, 2019USD ($)$ / sharesshares
Equity [Abstract]
Stock Options, beginning balance | shares
Stock Options, Granted | shares	1,000,000
Stock Options, Exercised | shares
Stock Options, Cancelled | shares
Stock Options, ending balance | shares	1,000,000
Exercise Price, beginning balance | $ / shares
Exercise Price, Granted | $ / shares	5.43
Exercise Price, Exercised | $ / shares
Exercise Price, Cancelled | $ / shares
Exercise Price, ending balance | $ / shares	$ 5.43
Stock option, Contractual Life, Granted	10 years
Stock option, Contractual Life, ending balance	10 years
Aggregate Intrinsic Value, beginning balance | $
Aggregate Intrinsic Value, ending balance | $