Coffee Holding (JVA) 10-Q 14 Sep 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jul. 31, 2020	Sep. 14, 2020
Cover [Abstract]
Entity Registrant Name	COFFEE HOLDING CO INC
Entity Central Index Key	0001007019
Document Type	10-Q
Document Period End Date	Jul. 31, 2020
Amendment Flag	false
Current Fiscal Year End Date	--10-31
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business Flag	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		5,569,349
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2020

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jul. 31, 2020	Oct. 31, 2019
CURRENT ASSETS:
Cash	$ 2,192,778	$ 2,402,556
Accounts receivable, net of allowances of $144,000 for 2020 and 2019	6,833,826	9,421,427
Inventories	18,541,976	18,841,225
Due from broker	456,110	101,031
Prepaid expenses and other current assets	708,189	587,626
Prepaid and refundable income taxes	231,776	385,934
TOTAL CURRENT ASSETS	28,964,655	31,739,799
Machinery and equipment, at cost, net of accumulated depreciation of $7,449,842 and $6,931,913 for 2020 and 2019, respectively	2,314,434	2,413,533
Customer list and relationships, net of accumulated amortization of $183,691 and $151,627 for 2020 and 2019, respectively	501,309	533,373
Trademarks and tradenames	1,488,000	1,488,000
Non-compete, net of accumulated amortization of $44,550 and $29,700 for 2020 and 2019, respectively	54,450	69,300
Goodwill	2,488,785	2,488,785
Equity method investments	81,469	86,008
Deferred income tax asset	487,500	480,473
Right of use asset	2,186,882
Deposits and other assets	312,609	387,453
TOTAL ASSETS	38,880,093	39,686,724
CURRENT LIABILITIES:
Accounts payable and accrued expenses	2,906,586	4,344,015
Line of credit		7,167,740
Note payable - current portion	2,220
Paycheck Protection Program loan	634,400
Lease liability - current portion	464,517
Income taxes payable	317	100
TOTAL CURRENT LIABILITIES	4,008,040	11,511,855
Deferred income tax liabilities	952,732	872,232
Line of credit - long term	3,796,822
Deferred rent payable		193,461
Lease liability	1,883,681
Note payable - long term	21,377
Deferred compensation payable	303,609	378,453
TOTAL LIABILITIES	10,966,261	12,956,001
Commitments and Contingencies
Coffee Holding Co., Inc. stockholders' equity:
Preferred stock, par value $.001 per share; 10,000,000 shares authorized; none issued
Common stock, par value $.001 per share; 30,000,000 shares authorized, 6,494,680 shares issued; 5,569,349 shares outstanding for 2020 and 2019, respectively	6,494	6,494
Additional paid-in capital	17,259,683	16,580,974
Retained earnings	13,600,163	13,310,169
Less: Treasury stock, 925,331 common shares, at cost for 2020 and 2019, respectively	(4,633,560)	(4,633,560)
Total Coffee Holding Co., Inc. Stockholders' Equity	26,232,780	25,264,077
Noncontrolling interest	1,681,052	1,466,646
TOTAL EQUITY	27,913,832	26,730,723
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 38,880,093	$ 39,686,724

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($)	Jul. 31, 2020	Oct. 31, 2019
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 144,000	$ 144,000
Accumulated depreciation	7,449,842	6,931,913
Customer list and relationships, accumulated amortization	183,691	151,627
Non-compete, accumulated amortization	$ 44,550	$ 29,700
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued
Common stock, par value	$ 0.001	$ 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 Operations (Unaudited) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2020	Jul. 31, 2019
Income Statement [Abstract]
NET SALES	$ 17,344,009	$ 21,594,285	$ 56,725,386	$ 65,944,583
COST OF SALES (including $4.5 and $5.9 million of related party costs for the nine months ended July 31, 2020 and 2019, respectively. Including $1.5 and $1.8 million for the three months ended July 31, 2020 and 2019, respectively.)	13,517,482	17,465,685	45,287,198	53,705,272
GROSS PROFIT	3,826,527	4,128,600	11,438,188	12,239,311
OPERATING EXPENSES:
Selling and administrative	3,081,985	3,701,112	10,032,993	10,853,495
Officers' salaries	170,250	170,250	497,654	530,750
TOTAL	3,252,235	3,871,362	10,530,647	11,384,245
INCOME (LOSS) FROM OPERATIONS	574,292	257,238	907,541	855,066
OTHER INCOME (EXPENSE)
Interest income	247	3,548	2,944	8,903
Loss from equity method investment	(1,547)	(2,613)	(4,539)	(2,691)
Interest expense	(45,283)	(64,625)	(150,742)	(195,493)
TOTAL	(46,583)	(63,690)	(152,337)	(189,281)
INCOME BEFORE PROVISION FOR INCOME TAXES AND NON-CONTROLLING INTEREST IN SUBSIDIARY	527,709	193,548	755,204	665,785
Provision for income taxes	161,454	34,413	250,804	115,543
NET INCOME BEFORE NON-CONTROLLING INTEREST IN SUBSIDIARY	366,255	159,135	504,400	550,242
Less: Net (income) loss attributable to the non-controlling interest	25,069	(47,641)	(214,406)	(362,501)
NET INCOME ATTRIBUTABLE TO COFFEE HOLDING CO., INC.	$ 391,324	$ 111,494	$ 289,994	$ 187,741
Basic and diluted earnings per share	$ 0.07	$ 0.02	$ 0.05	$ 0.03
Weighted average common shares outstanding:
Basic and diluted	5,569,349	5,569,349	5,569,349	5,569,349

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations (Unaudited) (Parenthetical) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2020	Jul. 31, 2019
Income Statement [Abstract]
Related party costs	$ 1,500,000	$ 1,800,000	$ 4,500,000	$ 5,900,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Non-Controlling Interest [Member]	Total
Beginning balance at Oct. 31, 2018	$ 6,494	$ (4,633,560)	$ 16,104,075	$ 13,404,767	$ 1,108,042	$ 25,989,818
Beginning balance, shares at Oct. 31, 2018	5,569,349	925,331
Non-Controlling Interest					185,054	185,154
Net income (loss)				314,715		314,715
Ending balance at Jan. 31, 2019	$ 6,494	$ (4,633,560)	16,104,075	13,719,482	1,293,096	26,489,587
Ending balance, shares at Jan. 31, 2019	5,569,349	925,331
Beginning balance at Oct. 31, 2018	$ 6,494	$ (4,633,560)	16,104,075	13,404,767	1,108,042	25,989,818
Beginning balance, shares at Oct. 31, 2018	5,569,349	925,331
Non-Controlling Interest						362,501
Net income (loss)						187,741
Ending balance at Jul. 31, 2019	$ 6,494	$ (4,633,560)	16,332,943	13,592,508	1,470,543	26,768,928
Ending balance, shares at Jul. 31, 2019	5,569,349	925,331
Beginning balance at Jan. 31, 2019	$ 6,494	$ (4,633,560)	16,104,075	13,719,482	1,293,096	26,489,587
Beginning balance, shares at Jan. 31, 2019	5,569,349	925,331
Non-Controlling Interest					129,806	129,806
Stock Compensation			25,000			25,000
Net income (loss)				(238,468)		(238,468)
Ending balance at Apr. 30, 2019	$ 6,494	$ (4,633,560)	16,129,075	13,481,014	1,422,902	26,405,925
Ending balance, shares at Apr. 30, 2019	5,569,349	925,331
Non-Controlling Interest					47,641	47,641
Stock Compensation			203,868			203,868
Net income (loss)				111,494		111,494
Ending balance at Jul. 31, 2019	$ 6,494	$ (4,633,560)	16,332,943	13,592,508	1,470,543	26,768,928
Ending balance, shares at Jul. 31, 2019	5,569,349	925,331
Beginning balance at Oct. 31, 2019	$ 6,494	$ (4,633,560)	16,580,974	13,310,169	1,466,646	26,730,723
Beginning balance, shares at Oct. 31, 2019	5,569,349	925,331
Non-Controlling Interest					48,664	48,664
Stock Compensation			248,031			248,031
Net income (loss)				(599,848)		(599,848)
Ending balance at Jan. 31, 2020	$ 6,494	$ (4,633,560)	16,829,005	12,710,321	1,515,310	26,427,570
Ending balance, shares at Jan. 31, 2020	5,569,349	925,331
Beginning balance at Oct. 31, 2019	$ 6,494	$ (4,633,560)	16,580,974	13,310,169	1,466,646	26,730,723
Beginning balance, shares at Oct. 31, 2019	5,569,349	925,331
Non-Controlling Interest						214,406
Net income (loss)						289,994
Ending balance at Jul. 31, 2020	$ 6,494	$ (4,633,560)	17,259,683	13,600,163	1,681,052	27,913,832
Ending balance, shares at Jul. 31, 2020	5,569,349	925,331
Beginning balance at Jan. 31, 2020	$ 6,494	$ (4,633,560)	16,829,005	12,710,321	1,515,310	26,427,570
Beginning balance, shares at Jan. 31, 2020	5,569,349	925,331
Non-Controlling Interest					190,811	190,811
Stock Compensation			240,909			240,909
Net income (loss)				498,518		498,518
Ending balance at Apr. 30, 2020	$ 6,494	$ (4,633,560)	17,069,914	13,208,839	1,706,121	27,357,808
Ending balance, shares at Apr. 30, 2020	5,569,349	925,331
Non-Controlling Interest					(25,069)	(25,069)
Stock Compensation			189,769			189,769
Net income (loss)				391,324		391,324
Ending balance at Jul. 31, 2020	$ 6,494	$ (4,633,560)	$ 17,259,683	$ 13,600,163	$ 1,681,052	$ 27,913,832
Ending balance, shares at Jul. 31, 2020	5,569,349	925,331

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	9 Months Ended
	Jul. 31, 2020	Jul. 31, 2019
OPERATING ACTIVITIES:
Net income	$ 504,400	$ 550,242
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	564,843	547,483
Stock-based compensation	678,709	228,868
Unrealized (gain) loss on commodities	(355,079)	74,658
Loss on equity method investments	4,539	2,691
Deferred rent		(36,151)
Amortization of right to use asset	325,140
Deferred income taxes	73,473	(43,988)
Changes in operating assets and liabilities:
Accounts receivable	2,587,601	1,421,655
Inventories	299,249	(2,431,050)
Prepaid expenses and other current assets	(120,563)	(107,498)
Prepaid and refundable income taxes	154,158	94,567
Accounts payable and accrued expenses	(1,437,428)	(1,206,027)
Change in lease liability	(357,286)
Deposits and other assets		(5,885)
Income taxes payable	217	(1,305)
Net cash provided by (used in) operating activities	2,921,973	(911,740)
INVESTING ACTIVITIES:
Purchases of machinery and equipment	(392,023)	(568,235)
Net cash used in investing activities	(392,023)	(568,235)
FINANCING ACTIVITIES:
Advances under bank line of credit	1,141,132	7,626
Proceeds from PPP loan	634,400
Principal payment on note payable	(3,210)	(70,255)
Principal payments under bank line of credit	(4,512,050)	(500,000)
Net cash used in financing activities	(2,739,728)	(562,629)
NET DECREASE IN CASH	(209,778)	(2,042,604)
CASH, BEGINNING OF PERIOD	2,402,556	4,611,384
CASH, END OF PERIOD	2,192,778	2,568,780
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:
Interest paid	159,484	197,216
Income taxes paid	22,956	66,269
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Initial recognition of operating lease right of use asset	2,512,022
Initial recognition of operating lease liabilities	2,705,484
Machinery and equipment acquired through financing	$ 26,807

Business Activities

Business Activities	9 Months Ended
	Jul. 31, 2020
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, 2020
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, 2019, which has been derived from our 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, 2020 for the fiscal year ended October 31, 2019 (“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, 2020, and results of operations for the three and nine months ended July 31, 2020 and the cash flows for the nine months ended July 31, 2020 as applicable, have been made. The results of operations for the three and nine months ended July 31, 2020 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. COVID-19 The global outbreak of COVID-19 was declared a pandemic by the World Health Organization and a national emergency by the U.S. government in March 2020 and has negatively affected the U.S. and global economies, disrupted global supply chains, resulted in significant travel and transport restrictions, mandated closures and stay-at-home orders, and created significant disruption of the financial markets. During the quarter the Company received an unsecured loan in the amount of $634,400 (the “PPP Loan”) under the Paycheck Protection Program (the “PPP”) which was established under the Coronavirus Aid, Relief and Economic Security Act (“the CARES Act”). Under the CARES Act, loan forgiveness is available for the sum of documented payroll costs, covered rent payments and covered utilities during the measurement period beginning on the date of first disbursement of the PPP Loans. For purposes of the CARES Act, payroll costs exclude compensation of an individual employee in excess of $100,000, prorated annually. Not more than 40% of the forgiven amount can be attributable to non-payroll costs. The receipt of these funds, and the forgiveness of the loan attendant to these funds, is dependent on the Company having initially qualified for the PPP Loans and qualifying for the forgiveness of the PPP Loans based on its future adherence to the forgiveness criteria. The continuing impact on the Company’s business, including the decrease in our sales, the length and impact of stay-at-home orders and/or regional quarantines, labor shortages and employment trends, disruptions to supply chains, including its ability to obtain products from global suppliers, higher operating costs, the form and impact of economic stimulus and general overall economic instability, has contributed to and may continue to have a material adverse effect on the Company’s business, results of operations, financial condition and cash flows. At this time the full impact could not be determined. Significant Accounting Policy Revenue Recognition The Company recognizes revenue in accordance with the five-step model as prescribed by ASU 606 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 606, 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 10 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. The following assumptions were used as inputs to the Black Scholes option pricing model to estimate the fair value of option granted during the quarter ended July 31 2019 which are currently being expensed over the requisite service period: 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 Adopted Accounting Pronouncements Effective November 1, 2019, the Company adopted ASC Topic 842, Leases (“ASC 842”). The new guidance increases transparency by requiring the recognition of right to use assets and lease liabilities on the statement of financial condition. The recognition of these lease assets and lease liabilities represents a change from previous US GAAP requirement, which did not require lease assets and lease liabilities to be recognized for most operating leases. The recognition, measurement and presentation of expenses and cash flows arising from a lease, have not significantly changed from previous US GAAP requirements. On November 1, 2019, the effective date of ASC 842, existing leases of the Company were required to be recognized and measured. Additionally any leases entered into during the year were also required to recognized and measured. In applying ASC 842, the Company made an accounting policy election not to recognize the right of use assets and lease liabilities relating to short-term leases. Implementation of ASC 842 included an analysis of contracts, including real estate leases and service contracts to identify embedded leases, to determine the initial recognition of the right to use assets and lease liabilities, which required subjective assessment over the determination of the associated discount rates to apply in determining the lease liabilities. The new standard provides a number of transition practical expedients, which the Company has elected, including: ● A “package of three” expedients that must be taken together and allow entities to (1) not reassess whether existing contracts contain leases, (2) carryforward the existing lease classification, and (3) not reassess initial direct costs associated with existing leases, and ● An implementation expedient which allows the requirements of the standard in the period of adoption with no restatement of prior periods. The adoption of ASC 842 resulted in the recording of operating lease right of use assets of $2,512,022 and operating lease liabilities of $2,705,484 at November 1, 2019. The Company implemented ASC 842 using the modified retrospective approach. In addition, at November 1, 2019, there was no impact to stockholder’s equity upon adoption. The Company determines if an arrangement is or contains a lease at inception. The Company’s operating lease arrangement are comprised of real estate and facility leases. Right of use assets represent the Company’s right to use the underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Right of use assets and lease liabilities are recognized at the commencement date based on the present value of the lease payments over the lease term. As the Company’s leases do not provide an implicit rate and the implicit rate is not readily determinable, the Company estimates its incremental borrowing rate based on the information available at the measurement date in determining the present value of the lease payments. The present value of the lease payments was determined using a 4.75% incremental borrowing rate. Right of use assets also exclude lease incentives. The Company presents the amortization of its right to use assets and payments of related lease liabilities originating in connection with operating leases as an adjustment to reconcile net income or loss to net cash generated or used in operating activities and an operating cash outflow, respectively within the operating section of the statement of cash flows. Operating lease assets and liabilities are recognized at the lease commencement date. Operating lease liabilities represent the present value of lease payments not yet paid. Operating lease assets represent our right to use an underlying asset and are based upon the operating lease liabilities adjusted for prepayments or accrued lease payments, initial direct costs, lease incentives, and impairment of operating lease assets. To determine the present value of lease payments not yet paid, we use the Company’s cost of capital based on existing debt instruments. Our material leases typically contain rent escalations over the lease term. We recognize expense for these leases on a straight-line basis over the lease term. Total expense for operating leases for the three months and nine months ended July 31, 2020 was $138,682 and $416,045, respectively of which, $35,369 and $106,106 was included within cost of goods sold and $103,313 and $309,939 was recorded in the selling and administrative expenses. The aggregate cash payments under these leasing agreements was $149,556 and $448,190 for the three and nine months ended July 31, 2020. The following summarizes the Company’s operating leases: July 31, 2020 Right-of-use operating lease assets $ 2,186,882 Current lease liability $ 464,517 Non-current lease liability $ 1,883,681 July 31, 2020 Average remaining lease term 3.6 Discount rate 4.75 % Maturities of lease liabilities by year for our operating leases are as follows: 2020 $ 149,756 2021 547,788 2022 529,320 2023 531,807 2024 316,477 Thereafter 603,034 Total lease payments $ 2,678,182 Less: imputed interest (329,984 ) Present value of operating lease liabilities $ 2,348,198

Accounts Receivable

Accounts Receivable	9 Months Ended
	Jul. 31, 2020
Receivables [Abstract]
Accounts Receivable	NOTE 3 - 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, 2020 October 31, 2019 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, 2020
Inventory Disclosure [Abstract]
Inventories	NOTE 4 - INVENTORIES: Inventories at July 31, 2020 and October 31, 2019 consisted of the following: July 31, 2020 October 31, 2019 Packed coffee $ 4,221,207 $ 4,044,279 Green coffee 11,783,830 12,515,124 Roasters and parts 408,592 419,077 Packaging supplies 2,128,347 1,862,745 Totals $ 18,541,976 $ 18,841,225

Commodities Held by Broker

Commodities Held by Broker	9 Months Ended
	Jul. 31, 2020
Brokers and Dealers [Abstract]
Commodities Held by Broker	NOTE 5 - 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, 2020 October 31, 2019 Option Contracts $ 374,874 $ (58,856 ) Future Contracts 81,236 159,887 Total Commodities $ 456,110 $ 101,031 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, 2020, the Company held 35 options covering an aggregate of 1,312,500 pounds of green coffee beans. The fair market value of these options, which was obtained from observable market data of similar instruments was $207,938. At October 31, 2019, the Company held 124 futures contracts (generally with terms of three to four months) for the purchase of 4,650,000 pounds of green coffee at a weighted average price of $.9860 per pound. The fair market value of coffee applicable to such contracts was $1.02 per pound at that date. The Company recorded realized and unrealized gains and losses respectively, on these contracts as follows: Three Months Ended July 31, 2020 2019 Gross realized gains $ 150,972 $ 364,076 Gross realized losses (525,155 ) (450,602 ) Unrealized gain (loss) 674,015 529,730 Total $ 299,832 $ 443,204 Nine Months Ended July 31, 2020 2019 Gross realized gains $ 992,875 $ 1,078,627 Gross realized losses (1,320,080 ) (2,422,128 ) Unrealized gain (loss) 355,079 (74,658 ) Total $ 27,874 $ (1,418,159 )

Debt

Debt	9 Months Ended
	Jul. 31, 2020
Debt Disclosure [Abstract]
Debt	NOTE 6 – DEBT: 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. On March 13, 2020, 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, 2022 and (ii) decreases the interest rate per annum to LIBOR plus 1.75% (with such interest rate not to be lower than 3.50%). All other terms of the A7R Loan Agreement and A&R Loan Facility remain the same. 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, 2020 and October 31, 2019. 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, 2020 and October 31, 2019, the outstanding balance under the bank line of credit was $3,796,822 and $7,167,740, respectively. Payroll Protection Program Loan During July 2020, the Company received the $634,400 unsecured Payroll Protection Program Loan (“PPP”) from Newtek Small Business Finance, under the PPP which was established under the CARES Act and is administered by the U.S. Small Business Administration. Loans obtained through the PPP are eligible to be forgiven as long as the proceeds are used for qualifying purposes and certain other conditions are met. The receipt of the funds, and the forgiveness of the loan is dependent on the Company having initially qualified for the loan and qualifying for the forgiveness of such loan based on its adherence to the forgiveness criteria. In June 2020, the United States Congress passed the Payroll Protection Program Flexibility Act that made several significant changes to PPP loan provisions, including providing greater flexibility for loan forgiveness. The Company is using the proceeds from the PPP Loan to fund payroll costs in accordance with the relevant terms and conditions of the CARES Act. The Company is following the government guidelines and tracking costs to be eligible for 100% forgiveness of the loan. To the extent it is not forgiven, the Company would be required to repay that portion at an interest rate of 1% over a period of two years.

Income Taxes

Income Taxes	9 Months Ended
	Jul. 31, 2020
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 7 - 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, 2020 and October 31, 2019, 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, 2020 and October 31, 2019, 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 2017. 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 2016. 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 2016.

Earnings Per Share

Earnings Per Share	9 Months Ended
	Jul. 31, 2020
Earnings Per Share [Abstract]
Earnings Per Share	NOTE 8 - 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, 2020 and 2019. 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, 2020
Risks and Uncertainties [Abstract]
Economic Dependency	NOTE 9 - ECONOMIC DEPENDENCY: Approximately 23% of the Company’s sales were derived from six customers during the nine months ended July 31, 2020. These customers also accounted for approximately $1,907,000 of the Company’s accounts receivable balance at July 31, 2020. 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. 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, 2020, approximately 26% of the Company’s purchases were from six vendors. These vendors accounted for approximately $508,000 of the Company’s accounts payable at July 31, 2020. 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. 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. For the three months ended July 31, 2020, approximately 21% of the Company’s sales were derived from six customers. Approximately 17% of the Company’s sales were derived from six customers during the three months ended July 31, 2019. For the three months ended July 31, 2020, approximately 23% of the Company’s purchases were from six vendors. For the three months ended July 31, 2019, approximately 18% 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, 2020 and 2019. Nine Months Ended Three Months July 31, 2020 Nine Months Ended Three Months July 31, 2019 Green $ 18,453,377 $ 5,765,246 $ 25,573,649 $ 8,394,907 Packaged $ 38,272,009 $ 11,578,763 $ 40,370,934 $ 13,199,378 Totals $ 56,725,386 $ 17,344,009 $ 65,944,583 $ 21,594,285

Related Party Transactions

Related Party Transactions	9 Months Ended
	Jul. 31, 2020
Related Party Transactions [Abstract]
Related Party Transactions	NOTE 10 - 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, 2020 of $110,369 and $307,569, respectively and $102,524 and $309,898, respectively, for the three and nine months ended July 31, 2019, 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 $1,461,000 and $4,466,000 for the three and nine months ended July 31, 2020, respectively, and $1,782,000 and $5,877,000 for the three and nine months ended July 31, 2019, respectively. The corresponding accounts payable balance to this vendor was approximately $204,000 and $231,000 at July 31, 2020 and 2019, 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, 2020 and October 31, 2019 were $303,609 and $378,453, respectively.

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Jul. 31, 2020
Equity [Abstract]
Stockholders' Equity	NOTE 11 - STOCKHOLDERS’ EQUITY: a. Treasury Stock b. 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 January 31, 2020, the Board of Directors approved 1,000,000 options. During the year ended October 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, 2020: Stock Options Exercise Price Contractual Aggregate Outstanding Exercisable Outstanding Exercisable (Years) Value Balance October 31, 2019 1,000,000 - $ 5.43 - 10 - Exercised - - - - - - Cancelled - - - - - - Balance July 31, 2020 1,000,000 - $ 5.43 - 10 - The Company recorded $678,709 and $476,899 of stock-based compensation in the nine months ended July 31, 2020 and the year ended October 31, 2019, respectively. The unrecognized stock compensation expense as of July 31, 2020 was approximately $1,354,663.

Subsequent Events

Subsequent Events	9 Months Ended
	Jul. 31, 2020
Subsequent Events [Abstract]
Subsequent Events	NOTE 12 - 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, 2020
Accounting Policies [Abstract]
Revenue Recognition	Revenue Recognition The Company recognizes revenue in accordance with the five-step model as prescribed by ASU 606 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 606, 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 10 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. The following assumptions were used as inputs to the Black Scholes option pricing model to estimate the fair value of option granted during the quarter ended July 31 2019 which are currently being expensed over the requisite service period: 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 Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements Effective November 1, 2019, the Company adopted ASC Topic 842, Leases (“ASC 842”). The new guidance increases transparency by requiring the recognition of right to use assets and lease liabilities on the statement of financial condition. The recognition of these lease assets and lease liabilities represents a change from previous US GAAP requirement, which did not require lease assets and lease liabilities to be recognized for most operating leases. The recognition, measurement and presentation of expenses and cash flows arising from a lease, have not significantly changed from previous US GAAP requirements. On November 1, 2019, the effective date of ASC 842, existing leases of the Company were required to be recognized and measured. Additionally any leases entered into during the year were also required to recognized and measured. In applying ASC 842, the Company made an accounting policy election not to recognize the right of use assets and lease liabilities relating to short-term leases. Implementation of ASC 842 included an analysis of contracts, including real estate leases and service contracts to identify embedded leases, to determine the initial recognition of the right to use assets and lease liabilities, which required subjective assessment over the determination of the associated discount rates to apply in determining the lease liabilities. The new standard provides a number of transition practical expedients, which the Company has elected, including: ● A “package of three” expedients that must be taken together and allow entities to (1) not reassess whether existing contracts contain leases, (2) carryforward the existing lease classification, and (3) not reassess initial direct costs associated with existing leases, and ● An implementation expedient which allows the requirements of the standard in the period of adoption with no restatement of prior periods. The adoption of ASC 842 resulted in the recording of operating lease right of use assets of $2,512,022 and operating lease liabilities of $2,705,484 at November 1, 2019. The Company implemented ASC 842 using the modified retrospective approach. In addition, at November 1, 2019, there was no impact to stockholder’s equity upon adoption. The Company determines if an arrangement is or contains a lease at inception. The Company’s operating lease arrangement are comprised of real estate and facility leases. Right of use assets represent the Company’s right to use the underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Right of use assets and lease liabilities are recognized at the commencement date based on the present value of the lease payments over the lease term. As the Company’s leases do not provide an implicit rate and the implicit rate is not readily determinable, the Company estimates its incremental borrowing rate based on the information available at the measurement date in determining the present value of the lease payments. The present value of the lease payments was determined using a 4.75% incremental borrowing rate. Right of use assets also exclude lease incentives. The Company presents the amortization of its right to use assets and payments of related lease liabilities originating in connection with operating leases as an adjustment to reconcile net income or loss to net cash generated or used in operating activities and an operating cash outflow, respectively within the operating section of the statement of cash flows. Operating lease assets and liabilities are recognized at the lease commencement date. Operating lease liabilities represent the present value of lease payments not yet paid. Operating lease assets represent our right to use an underlying asset and are based upon the operating lease liabilities adjusted for prepayments or accrued lease payments, initial direct costs, lease incentives, and impairment of operating lease assets. To determine the present value of lease payments not yet paid, we use the Company’s cost of capital based on existing debt instruments. Our material leases typically contain rent escalations over the lease term. We recognize expense for these leases on a straight-line basis over the lease term. Total expense for operating leases for the three months and nine months ended July 31, 2020 was $138,682 and $416,045, respectively of which, $35,369 and $106,106 was included within cost of goods sold and $103,313 and $309,939 was recorded in the selling and administrative expenses. The aggregate cash payments under these leasing agreements was $149,556 and $448,190 for the three and nine months ended July 31, 2020. The following summarizes the Company’s operating leases: July 31, 2020 Right-of-use operating lease assets $ 2,186,882 Current lease liability $ 464,517 Non-current lease liability $ 1,883,681 July 31, 2020 Average remaining lease term 3.6 Discount rate 4.75 % Maturities of lease liabilities by year for our operating leases are as follows: 2020 $ 149,756 2021 547,788 2022 529,320 2023 531,807 2024 316,477 Thereafter 603,034 Total lease payments $ 2,678,182 Less: imputed interest (329,984 ) Present value of operating lease liabilities $ 2,348,198

Basis of Presentation and Sig_3

Basis of Presentation and Significant Accounting Policy (Tables)	9 Months Ended
	Jul. 31, 2020
Accounting Policies [Abstract]
Summary of Black Scholes Assumptions	The following assumptions were used as inputs to the Black Scholes option pricing model to estimate the fair value of option granted during the quarter ended July 31 2019 which are currently being expensed over the requisite service period: 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 %
Schedule of Operating Leases	The following summarizes the Company’s operating leases: July 31, 2020 Right-of-use operating lease assets $ 2,186,882 Current lease liability $ 464,517 Non-current lease liability $ 1,883,681 July 31, 2020 Average remaining lease term 3.6 Discount rate 4.75 %
Schedule of Operating Lease Maturities	Maturities of lease liabilities by year for our operating leases are as follows: 2020 $ 149,756 2021 547,788 2022 529,320 2023 531,807 2024 316,477 Thereafter 603,034 Total lease payments $ 2,678,182 Less: imputed interest (329,984 ) Present value of operating lease liabilities $ 2,348,198

Accounts Receivable (Tables)

Accounts Receivable (Tables)	9 Months Ended
	Jul. 31, 2020
Receivables [Abstract]
Schedule of Accounts Receivable	The allowances are summarized as follows: July 31, 2020 October 31, 2019 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, 2020
Inventory Disclosure [Abstract]
Schedule of Inventories	Inventories at July 31, 2020 and October 31, 2019 consisted of the following: July 31, 2020 October 31, 2019 Packed coffee $ 4,221,207 $ 4,044,279 Green coffee 11,783,830 12,515,124 Roasters and parts 408,592 419,077 Packaging supplies 2,128,347 1,862,745 Totals $ 18,541,976 $ 18,841,225

Commodities Held by Broker (Tab

Commodities Held by Broker (Tables)	9 Months Ended
	Jul. 31, 2020
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, 2020 October 31, 2019 Option Contracts $ 374,874 $ (58,856 ) Future Contracts 81,236 159,887 Total Commodities $ 456,110 $ 101,031
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, 2020 2019 Gross realized gains $ 150,972 $ 364,076 Gross realized losses (525,155 ) (450,602 ) Unrealized gain (loss) 674,015 529,730 Total $ 299,832 $ 443,204 Nine Months Ended July 31, 2020 2019 Gross realized gains $ 992,875 $ 1,078,627 Gross realized losses (1,320,080 ) (2,422,128 ) Unrealized gain (loss) 355,079 (74,658 ) Total $ 27,874 $ (1,418,159 )

Economic Dependency (Tables)

Economic Dependency (Tables)	9 Months Ended
	Jul. 31, 2020
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, 2020 and 2019. Nine Months Ended Three Months July 31, 2020 Nine Months Ended Three Months July 31, 2019 Green $ 18,453,377 $ 5,765,246 $ 25,573,649 $ 8,394,907 Packaged $ 38,272,009 $ 11,578,763 $ 40,370,934 $ 13,199,378 Totals $ 56,725,386 $ 17,344,009 $ 65,944,583 $ 21,594,285

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	9 Months Ended
	Jul. 31, 2020
Equity [Abstract]
Summary of Stock Option Activity	The following table represents stock option activity for the nine months ended July 31, 2020: Stock Options Exercise Price Contractual Aggregate Outstanding Exercisable Outstanding Exercisable (Years) Value Balance October 31, 2019 1,000,000 - $ 5.43 - 10 - Exercised - - - - - - Cancelled - - - - - - Balance July 31, 2020 1,000,000 - $ 5.43 - 10 -

Basis of Presentation and Sig_4

Basis of Presentation and Significant Accounting Policy (Details Narrative) - USD ($)	1 Months Ended	3 Months Ended	9 Months Ended
	Jul. 31, 2020	Jul. 31, 2020	Jul. 31, 2020	Jul. 31, 2019	Nov. 02, 2019	Oct. 31, 2019
Proceeds from unsecured loan			$ 634,400
Operating lease right of use assets	$ 2,186,882	$ 2,186,882	2,186,882		$ 2,512,022
Operating lease liabilities	2,348,198	2,348,198	2,348,198		$ 2,705,484
Incremental borrowing rate					4.75%
Expense for operating leases		138,682	416,045
Cash payments under leasing agreements		149,444	448,190
Selling and Administrative Expenses [Member]
Expense for operating leases		103,313	309,939
Cost of Goods Sold [Member]
Expense for operating leases		35,369	$ 106,106
Paycheck Protection Program [Member]
Proceeds from unsecured loan	$ 634,400	$ 634,400
Paycheck Protection Program [Member] | Maximum [Member]
Non- payroll costs forgiven amount, percentage		40.00%
Paycheck Protection Program [Member] | Exclude Compensation of Individual Employee [Member]
Payroll costs		$ 100,000
Generations Coffee Company, LLC [Member]
Equity method investment, ownership percentage	60.00%	60.00%	60.00%

Basis of Presentation and Sig_5

Basis of Presentation and Significant Accounting Policy - Summary of Black Scholes Assumptions (Details)	3 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%

Basis of Presentation and Sig_6

Basis of Presentation and Significant Accounting Policy - Schedule of Operating Leases (Details) - USD ($)	Jul. 31, 2020	Nov. 02, 2019	Oct. 31, 2019
Accounting Policies [Abstract]
Right-of-use operating lease assets	$ 2,186,882	$ 2,512,022
Current lease liability	464,517
Non-current lease liability	$ 1,883,681
Average remaining lease term	3 years 7 months 6 days
Discount rate	4.75%

Basis of Presentation and Sig_7

Basis of Presentation and Significant Accounting Policy - Schedule of Operating Lease Maturities (Details) - USD ($)	Jul. 31, 2020	Nov. 02, 2019
Accounting Policies [Abstract]
2020	$ 149,756
2021	547,788
2022	529,320
2023	531,807
2024	316,477
Thereafter	603,034
Total lease payments	2,678,182
Less: imputed interest	(329,984)
Present value of operating lease liabilities	$ 2,348,198	$ 2,705,484

Accounts Receivable - Schedule

Accounts Receivable - Schedule of Accounts Receivable (Details) - USD ($)	Jul. 31, 2020	Oct. 31, 2019
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, 2020	Oct. 31, 2019
Totals	$ 18,541,976	$ 18,841,225
Packed Coffee [Member]
Totals	4,221,207	4,044,279
Green Coffee [Member]
Totals	11,783,830	12,515,124
Roasters and Parts [Member]
Totals	408,592	419,077
Packaging Supplies [Member]
Totals	$ 2,128,347	$ 1,862,745

Commodities Held by Broker (Det

Commodities Held by Broker (Details Narrative)	9 Months Ended	12 Months Ended
	Jul. 31, 2020USD ($)lbshares	Oct. 31, 2019Integerlb$ / shares
Brokers and Dealers [Abstract]
Number of options held | shares	35
Purchase of futures contracts | lb	1,312,500	4,650,000
Fair market value of options | $	$ 207,938
Number of futures contracts | Integer		124
Futures contracts weighted average price per pound		$ 0.9860
Fair market value of futures contract per pound		$ 1.02

Commodities Held by Broker - Sc

Commodities Held by Broker - Schedule of Contracts Held by Broker (Details) - USD ($)	Jul. 31, 2020	Oct. 31, 2019
Brokers and Dealers [Abstract]
Option Contracts	$ 374,874	$ (58,856)
Future Contracts	81,236	159,887
Total Commodities	$ 456,110	$ 101,031

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, 2020	Jul. 31, 2019	Jul. 31, 2020	Jul. 31, 2019
Brokers and Dealers [Abstract]
Gross realized gains	$ 150,972	$ 364,076	$ 992,875	$ 1,078,627
Gross realized losses	(525,155)	(450,602)	(1,320,080)	(2,422,128)
Unrealized gain (loss)	674,015	529,730	355,079	(74,658)
Total	$ 299,832	$ 443,204	$ 27,874	$ (1,418,159)

Debt (Details Narrative)

Debt (Details Narrative) - USD ($)	Mar. 13, 2020	Jul. 31, 2020	Jul. 31, 2020	Jul. 31, 2020	Jul. 31, 2019	Oct. 31, 2019
Line of credit, maximum principal amount		$ 3,796,822	$ 3,796,822	$ 3,796,822
Proceeds from unsecured loan				634,400
Bank Line of Credit [Member]
Line of credit, maximum principal amount		3,796,822	3,796,822	$ 3,796,822		$ 7,167,740
New Loan Modification Agreement and Credit Facility [Member]
Line of credit expire date	Mar. 31, 2022
New Loan Modification Agreement and Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Line of credit interest rate	1.75%
New Loan Modification Agreement and Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Line of credit interest rate	3.50%
Paycheck Protection Program [Member]
Proceeds from unsecured loan		$ 634,400	$ 634,400
Debt, forgiveness percentage		100.00%
Debt instrument, interest rate		1.00%	1.00%	1.00%
Debt instrument, term		2 years

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	Jul. 31, 2020	Oct. 31, 2019
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, 2020	Jul. 31, 2019	Jul. 31, 2020	Jul. 31, 2019
Earnings Per Share [Abstract]
Weighted average common shares outstanding: Basic and diluted	5,569,349	5,569,349	5,569,349	5,569,349
Stock options, granted			1,000,000

Economic Dependency (Details Na

Economic Dependency (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2020	Jul. 31, 2019	Oct. 31, 2019
Accounts receivable	$ 144,000		$ 144,000		$ 144,000
Six Vendors [Member]
Concentration risk percentage	23.00%	18.00%
Accounts payable	$ 508,000		$ 508,000
Five Vendors [Member]
Accounts payable		$ 496,000		$ 496,000
Accounts Payable [Member] | Six Vendors [Member]
Concentration risk percentage			26.00%
Accounts Payable [Member] | Five Vendors [Member]
Concentration risk percentage				25.00%
Six Customers [Member]
Accounts receivable	$ 1,907,000		$ 1,907,000
Six Customers [Member] | Sales Revenue [Member]
Concentration risk percentage	21.00%	17.00%	23.00%
Five Customers [Member]
Accounts receivable		$ 1,813,000		$ 1,813,000
Five Customers [Member] | Sales Revenue [Member]
Concentration risk percentage				19.00%

Economic Dependency - Schedule

Economic Dependency - Schedule of Revenues by Product Line (Details) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2020	Jul. 31, 2019
Totals	$ 17,344,009	$ 21,594,285	$ 56,725,386	$ 65,944,583
Green Coffee Beans [Member]
Totals	5,765,246	8,394,907	18,453,377	25,573,649
Packaged Coffee [Member]
Totals	$ 11,578,763	$ 13,199,378	$ 38,272,009	$ 40,370,934

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)	3 Months Ended		9 Months Ended
	Jul. 31, 2020	Jul. 31, 2019	Jul. 31, 2020	Jul. 31, 2019	Oct. 31, 2019
Contract labor expense	$ 110,369	$ 102,524	$ 307,569	$ 309,898
Purchases from related party vendor	1,461,000	1,782,000	4,466,000	5,877,000
Accounts payable to related party vendor	204,000	$ 231,000	204,000	$ 231,000
Deferred compensation payable	$ 303,609		$ 303,609		$ 378,453
Generations Coffee Company, LLC [Member]
Related party transaction percentage			40.00%	40.00%

Stockholders' Equity (Details N

Stockholders' Equity (Details Narrative) - USD ($)	9 Months Ended	12 Months Ended
	Jul. 31, 2020	Oct. 31, 2019	Jan. 31, 2020
Stock options granted	1,000,000
Stock-based compensation	$ 678,709	$ 476,899
Unrecognized stock compensation expense	$ 1,354,663
Board of Directors [Member]
Share-based compensation, options, number of shares authorized			1,000,000
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 and Employees [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

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Stock Option Activity (Details)	9 Months Ended
	Jul. 31, 2020USD ($)$ / sharesshares
Equity [Abstract]
Stock Options, Beginning balance | shares	1,000,000
Stock Options, Exercisable Beginning balance | shares
Stock Options, Exercised | shares
Stock Options, Cancelled | shares
Stock Options, Ending balance | shares	1,000,000
Stock Options, Exercisable Ending balance | shares
Exercise Price, Beginning balance | $ / shares	$ 5.43
Exercise Price, Exercisable Beginning balance | $ / shares
Exercise Price, Exercised | $ / shares
Exercise Price, Cancelled | $ / shares
Exercise Price, Ending balance | $ / shares	5.43
Exercise Price, Exercisable Ending balance | $ / shares
Stock Option, Contractual Life (Years), Beginning balance	10 years
Stock Option, Contractual Life (Years), Ending balance	10 years
Aggregate Intrinsic Value, Beginning balance | $
Aggregate Intrinsic Value, Ending balance | $