Coffee Holding (JVA) 10-K/A 16 Mar 23 2020 FY Annual report (amended) Financial data

Cover

Cover - USD ($)	12 Months Ended
	Oct. 31, 2020	Jan. 20, 2021	Apr. 30, 2020
Cover [Abstract]
Document Type	10-K/A
Amendment Flag	true
Amendment Description	Coffee Holding Co., Inc. (the “Company”) hereby amends its Annual Report on Form 10-K for the fiscal year ended October 31, 2020, filed with the Securities and Exchange Commission (the “SEC”) on February 16, 2021, as amended on February 26, 2021 (collectively the “Original Annual Report”), as set forth in this Amendment No. 2 on Form 10-K/A (the “Form 10-K/A” or “Amended Annual Report”), to restate its financial statements and related disclosures as of and for the fiscal years ended October 31, 2020 and 2019.
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Oct. 31, 2020
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2020
Current Fiscal Year End Date	--10-31
Entity File Number	001-32491
Entity Registrant Name	COFFEE HOLDING CO., INC.
Entity Central Index Key	0001007019
Entity Tax Identification Number	11-2238111
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	3475 Victory Boulevard
Entity Address, City or Town	Staten Island
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10314
City Area Code	(718)
Local Phone Number	832-0800
Title of 12(b) Security	Common Stock, Par Value $0.001 Per Share
Trading Symbol	JVA
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 13,910,209
Entity Common Stock, Shares Outstanding		5,708,599
Documents Incorporated by Reference [Text Block]	Portions of the registrant’s proxy statement for the 2020 annual meeting of stockholders to be filed pursuant to Regulation 14A within 120 days after the registrant’s fiscal year ended October 31, 2020, are incorporated by reference in Part III of this Form 10-K.
ICFR Auditor Attestation Flag	false
Auditor Name	Marcum LLP
Auditor Location	New York, NY

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Oct. 31, 2020	Oct. 31, 2019
CURRENT ASSETS:
Cash	$ 2,875,120	$ 2,402,556
Accounts receivable, net of allowances of $144,000 for 2020 and 2019	7,408,905	9,421,427
Inventories	17,102,993	18,841,225
Due from broker		101,031
Prepaid expenses and other current assets	490,246	587,626
Prepaid and refundable income taxes	145,305	385,934
TOTAL CURRENT ASSETS	28,022,569	31,739,799
Machinery and equipment, at cost, net of accumulated depreciation of $7,610,864 and $6,931,913 for 2020 and 2019, respectively	2,197,319	2,413,533
Customer list and relationships, net of accumulated amortization of $194,379 and $151,627 for 2020 and 2019, respectively	490,621	533,373
Trademarks and tradenames	1,488,000	1,488,000
Non-compete, net of accumulated amortization of $49,500 and $29,700 for 2020 and 2019, respectively	49,500	69,300
Goodwill	2,488,785	2,488,785
Equity method investments	561,405	86,008
Deferred income tax asset	782,175	480,473
Right of use asset	2,114,228
Deposits and other assets	285,548	387,453
TOTAL ASSETS	38,480,150	39,686,724
CURRENT LIABILITIES:
Accounts payable and accrued expenses	3,036,097	4,344,015
Line of credit		7,167,740
Due to broker	452,325
Note payable – current portion	5,075
Lease liability – current portion	484,163
Income taxes payable	5,371	100
TOTAL CURRENT LIABILITIES	3,983,031	11,511,855
Deferred income tax liabilities	882,582	872,232
Line of credit	3,796,822
Deferred rent payable		193,461
Lease liability	1,780,306
Note payable – long term	17,292
Deferred compensation payable	276,548	378,453
TOTAL LIABILITIES	10,736,581	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, 6,633,930 and 6,494,680 shares issued for 2020 and 2019; 5,708,599 and 5,569,349 shares outstanding for 2020 and 2019	6,634	6,494
Additional paid-in capital	17,929,724	16,580,974
Retained earnings	13,215,868	13,310,169
Less: Treasury stock, 925,331 common shares, at cost for 2020 and 2019	(4,633,560)	(4,633,560)
Total Coffee Holding Co., Inc. Stockholders’ Equity	26,518,666	25,264,077
Noncontrolling interest	1,224,903	1,466,646
TOTAL EQUITY	27,743,569	26,730,723
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 38,480,150	$ 39,686,724

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Oct. 31, 2020	Oct. 31, 2019
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 144,000	$ 144,000
Accumulated depreciation	7,610,864	6,931,913
Customer list and relationships, accumulated amortization	194,379	151,627
Non-compete, accumulated amortization	$ 49,500	$ 29,700
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	30,000,000	30,000,000
Common stock, shares issued	6,633,930	6,494,680
Common stock, shares outstanding	5,708,599	5,569,349
Treasury stock, shares	925,331	925,331

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Income Statement [Abstract]
NET SALES	$ 66,031,953	$ 76,607,535
COST OF SALES (which includes purchases of approximately $5.3 million and $8.3 million in fiscal years 2020 and 2019, respectively, from a related party)	52,953,064	60,848,203
GROSS PROFIT	13,078,889	15,759,332
OPERATING EXPENSES:
Selling and administrative	13,223,207	14,504,707
Officers’ salaries	681,000	714,096
TOTAL	13,904,207	15,218,803
(LOSS) INCOME FROM OPERATIONS	(825,318)	540,529
OTHER INCOME (EXPENSE):
Interest income	3,354	11,046
Loss from equity method investment	(5,016)	(3,769)
Other income - PPP	634,400
Interest expense	(185,177)	(254,592)
TOTAL	447,561	(247,315)
(LOSS) INCOME BEFORE PROVISION FOR INCOME TAXES AND NON-CONTROLLING INTEREST IN SUBSIDIARY	(377,757)	293,214
(Benefit) provision for income taxes	(41,713)	29,208
NET (LOSS) INCOME BEFORE NON-CONTROLLING INTEREST IN SUBSIDIARY	(336,044)	264,006
Less: Net loss (income) attributable to the non-controlling interest in subsidiary	241,743	(358,604)
NET (LOSS) ATTRIBUTABLE TO COFFEE HOLDING CO., INC.	$ (94,301)	$ (94,598)
Basic and diluted (loss) per share	$ (0.02)	$ (0.02)
Weighted average common shares outstanding:
Basic and diluted	5,575,453	5,569,349

Consolidated Statements of Op_2

Consolidated Statements of Operations (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Income Statement [Abstract]
Related party costs	$ 5.3	$ 8.3

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value 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
Stock Compensation			476,899			476,899
Non-Controlling Interest					358,604	358,604
Net loss				(94,598)		(94,598)
Ending balance, value at Oct. 31, 2019	$ 6,494	$ (4,633,560)	16,580,974	13,310,169	1,466,646	26,730,723
Ending balance, shares at Oct. 31, 2019	5,569,349	925,331
Stock Compensation			868,477			868,477
Non-Controlling Interest					(241,743)	(241,743)
Net loss				(94,301)		(94,301)
Stock issuance equity investment	$ 140		480,273			480,413
Stock issuance equity investment, shares	139,250
Ending balance, value at Oct. 31, 2020	$ 6,634	$ (4,633,560)	$ 17,929,724	$ 13,215,868	$ 1,224,903	$ 27,743,569
Ending balance, shares at Oct. 31, 2020	5,708,599	925,331

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
OPERATING ACTIVITIES:
Net (loss) income	$ (336,044)	$ 264,006
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities:
Depreciation and amortization	741,503	742,637
Stock-based compensation	868,477	476,899
Unrealized loss (gain) on commodities	553,356	(123,077)
Loss on equity method investments	5,016	3,769
Deferred rent		(48,682)
Amortization of right to use asset	397,794
Deferred income taxes	(291,352)	(49,938)
Changes in operating assets and liabilities:
Accounts receivable	2,012,522	492,870
Inventories	1,738,232	(3,570,119)
Prepaid expenses and other current assets	97,380	(8,765)
Prepaid and refundable income taxes	240,629	(2,728)
Accounts payable and accrued expenses	(1,307,917)	(489,534)
Change in lease liability	(441,015)
Deposits and other assets	101,905	165,451
Income taxes payable	5,271	(1,405)
Net cash provided by (used in) operating activities	4,385,757	(2,148,616)
INVESTING ACTIVITIES:
Distribution of funds from deferred compensation plan	(101,905)	(154,273)
Purchases of machinery and equipment	(435,930)	(743,410)
Net cash used in investing activities	(537,835)	(897,683)
FINANCING ACTIVITIES:
Advances under bank line of credit	1,141,132	1,407,726
Principal payment on note payable	(4,440)	(70,255)
Principal payments under bank line of credit	(4,512,050)	(500,000)
Net cash (used in) provided by financing activities	(3,375,358)	837,471
NET INCREASE (DECREASE) IN CASH	472,564	(2,208,828)
CASH, BEGINNING OF YEAR	2,402,556	4,611,384
CASH, END OF YEAR	2,875,120	2,402,556
SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:
Interest paid	196,823	254,603
Income taxes paid	3,739	$ 83,279
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
On October 15, 2020 Coffee Holding Company acquired an equity interest in Jordre Well, LLC in exchange for 139,250 shares:	480,413
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

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical)	Oct. 15, 2020 shares
Jordre Well, LLC [Member]
Exchange of shares	139,250

BUSINESS ACTIVITIES

BUSINESS ACTIVITIES	12 Months Ended
	Oct. 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’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. 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 third quarter the Company received an unsecured loan in the amount of $ 634,400 100,000 40 COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 1 - BUSINESS ACTIVITIES (cont’d): 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.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Oct. 31, 2020
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES BASIS OF PRESENTATION The consolidated financial statements include the accounts of the Company, Organic Products Trading Company, LLC (“OPTCO”), Sonofresco LLC (“SONO”), Comfort Foods, Inc. (“CFI”) and Generations Coffee Company, LLC (“GCC”). All significant inter-company balances and transactions have been eliminated in consolidation. USE OF ESTIMATES The preparation of the Company’s financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Significant estimates include allowance for uncollectible accounts receivable and reserves, inventory obsolescence, depreciation, intangible asset valuations and useful lives, taxes, contingencies, and valuation of financial instruments. These estimates may be adjusted as more current information becomes available, and any adjustment could have a significant impact on recorded amounts. CASH Cash consists primarily of unrestricted cash on deposit at financial institutions and brokerage firms. COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont’d): 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: SCHEDULE OF ACCOUNTS RECEIVABLE 2020 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 are stated at the lower of cost (first in, first out basis) or net realizable value, including provisions for obsolescence commensurate with known or estimated exposures. There are no MACHINERY AND EQUIPMENT Machinery and equipment are recorded at cost and depreciated using the straight-line method over the estimated useful lives of the assets. Purchases of machinery and equipment and additions and betterments which substantially extend the useful life of an asset are capitalized at cost. Expenditures which do not materially prolong the normal useful life of an asset are charged to operations as incurred. The Company also provides for amortization of leasehold improvements. COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont’d): COMMODITIES HELD BY BROKER The commodities held at broker represent the market value of the Company’s trading account, which consists of option 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 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: SCHEDULE OF COMMODITIES HELD BY BROKER 2020 2019 Option contracts $ (164,475 ) $ (58,856 ) Future contracts (287,850 ) 159,887 Commodities due (to) from broker $ (452,325 ) $ 101,031 The Company classifies its options and future contracts as trading securities and accordingly, unrealized holding gains and losses are included in earnings. At October 31, 2020, the Company held 48 three four months 1,800,000 1.158 1.044 At October 31, 2019, the Company held 124 three four months 4,650,000 .986 1.02 Included in cost of sales for the years ended October 31, 2020 and 2019, the Company recorded realized and unrealized gains and losses respectively, on these contracts as follows: SCHEDULE OF REALIZED AND UNREALIZED GAINS AND LOSSES ON CONTRACTS 2020 2019 Year Ended October 31, 2020 2019 Gross realized gains $ 1,678,995 $ 1,307,816 Gross realized (losses) (1,451,761 ) (2,642,537 ) Unrealized (losses) gains (553,356 ) 123,077 Total $ (326,122 ) $ (1,211,644 ) COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont’d): GOODWILL AND TRADEMARKS The Company has determined that its goodwill and trademarks, which consist of product lines, trade names and packaging designs have an indefinite useful life. The value of the goodwill and trademarks was allocated based on an independent valuation. Goodwill and trademarks are not amortized but are assigned to a specific reporting unit or asset class and tested for impairment at least annually or upon the occurrence of an event or when circumstances indicate that the reporting unit’s carrying amount of goodwill and trademarks is greater than its fair value. As of October 31, 2020 and 2019, the Company has determined by using a qualitative assessment that an impairment did not exist. CUSTOMER LIST AND RELATIONSHIPS Customer list and relationships consist of a specific customer lists and customer contracts obtained by the Company in the acquisition of OPTCO, Comfort Foods, Sonofresco and Steep & Brew which are being amortized on the straight-line method over their estimated useful life of twenty years ADVERTISING The Company expenses the cost of advertising and promotion as incurred. Advertising costs charged to operations totaled $ 149,505 449,678 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. EARNINGS PER SHARE 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 Company has issued 1,000,000 The weighted average common shares outstanding used in the computation of basic and diluted earnings per share were 5,575,453 5,569,349 COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont’d): FAIR VALUE OF FINANCIAL INSTRUMENTS The carrying amounts of cash, accounts receivable, notes receivable, accounts payable and accrued expenses approximate fair value because of the short-term nature of these instruments. The carrying amount of the bank line of credit borrowings approximates fair value because the debt is based on current rates at which the Company could borrow funds with similar remaining maturities. Fair value estimates are made at a specific point in time, based on relevant market information about the financial instruments when available. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates. 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. PAYCHECK PROTECTION PROGRAM On July 22, 2020, the Company received loan proceeds of $ 634,400 The PPP, which was established under the Coronavirus Aid, Relief and Economic Security Act (“the CARES Act”), provides for loans to qualifying businesses for amounts up to 2.5 times certain average monthly payroll expenses of the qualifying business. The loan and accrued interest, or a portion thereof, may be forgiven after 24 weeks so long as the borrower uses the loan proceeds for eligible purposes including payroll, benefits, rent, mortgage interest and utilities, and maintains its payroll levels, as defined by the PPP. At least 60% of the amount forgiven must be attributable to payroll costs, as defined by the PPP. The PPP loan matures five years 1 U.S. GAAP does not contain authoritative accounting standards for forgivable loans provided by governmental entities to a for-profit entity. Absent authoritative accounting standards, interpretative guidance issued and commonly applied by financial statement preparers allows for the selection of accounting policies amongst acceptable alternatives. Based on facts and circumstances outlined below, the Company determined it most appropriate to account for the PPP loan proceeds as an in-substance government grant by analogy to International Accounting Standards 20 (“IAS 20”), Accounting for Government Grants and Disclosure of Government Assistance. Under the provisions of IAS 20, “a COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont’d): forgivable loan from the government is treated as a government grant when there is reasonable assurance that the entity will meet the terms for forgiveness of the loan.” IAS 20 does not define “reasonable assurance”, however, based on certain interpretations, it is analogous to “probable” as defined in FASB ASC 450-20-20 under U.S. GAAP, which is the definition the Company has applied to its expectations of PPP loan forgiveness. Under IAS 20, government grants are recognized in earnings on a systematic basis over the periods in which the Company recognizes costs for which the grant is intended to compensate (i.e. qualified expenses). Further, IAS 20 permits for the recognition in earnings either separately under a general heading such as other income, or as a reduction of the related expenses. The Company has elected to recognize government grant income separately within other income to present a more clear distinction in its financial statements between its operating income and the amount of net income resulting from the PPP loan and subsequent expected forgiveness. The Company believes this presentation method promotes greater comparability amongst all period presented. The following table provided the balance and activity related to the PPP Loan: SCHEDULE OF PAYCHECK PROTECTION PROGRAM PPP Loan $ 634,400 Qualified expenses incurred to date 634,400 Unrecognized government grant income $ 0 COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont’d): SHIPPING AND HANDLING FEES AND COSTS Revenue earned from shipping and handling fees is reflected in net sales. Costs associated with shipping product to customers aggregating approximately $ 2,780,000 3,214,000 CONCENTRATION OF RISK Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash deposits at financial institutions and brokerage firms. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (FDIC) up to certain limits. At October 31, 2020 and 2019, the Company had approximately $ 816,000 1,490,000 The accounts at the brokerage firm contain cash and securities. Balances are insured up to $ 500,000 100,000 1,421,000 706,000 RECLASSIFICATION Certain amounts in the prior year financial statements have been reclassified to conform to the current year’s presentation. These reclassification adjustments had no effect on the Company’s previously reported net income. EQUITY METHOD OF ACCOUNTING Investee companies that are not consolidated, but over which the Company exercises significant influence, are accounted for under the equity method of accounting. Whether or not the Company exercises significant influence with respect to an Investee depends on an evaluation of several factors including, among others, representation on the Investee company’s board of directors and ownership level, which is generally a 20% to 50% interest in the voting securities of the Investee company. The Company’s investment in a company that is accounted for on the equity method of accounting consist of the following: (1) 20 100,000 5,016 3,769 80,992 86,008 49 139,250 3.45 480,413 RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS AFFECTING THE COMPANY 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. COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont’d): 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 2,705,484 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 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.

RESTATEMENT_

RESTATEMENT:	12 Months Ended
	Oct. 31, 2020
Accounting Changes and Error Corrections [Abstract]
RESTATEMENT:	NOTE 3 - RESTATEMENT: The Company is restating its consolidated statement of operations for the years ended October 31, 2020 and 2019 to correct its accounting for certain intercompany transactions that should have been eliminated in consolidation. The restatement is being made in accordance with ASC 250, “Accounting Changes and Error Corrections.” The disclosure provision of ASC 250 requires a company that corrects an error to disclose that its previously issued financial statements have been restated, a description of the nature of the error, the effect of the correction on each financial statement line item and any per share amount affected for each prior period presented, and the cumulative effect on retained earnings in the statement of financial position as of the beginning of each period presented. COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 3 – RESTATEMENT (cont’d): The effects of the adjustment on the Company’s previously issued October 31, 2020 and 2019 consolidated statement is summarized as follows: Selected Consolidated Statement of Operations for the years ended October 31, 2020 and 2019. SCHEDULE OF ERROR CORRECTIONS AND PRIOR PERIOD ADJUSTMENTS Previously Reported October 31, 2020 Increase (Decrease) As Restated Net Sales $ 74,335,815 $ (8,303,862 ) $ 66,031,953 Cost of Sales $ (61,256,926 ) $ 8,303,862 $ (52,953,064 ) Gross Profit $ 13,078,889 $ - $ 13,078,889 Previously Reported October 31, 2019 Increase (Decrease) As Restated Net Sales $ 86,467,432 $ (9,859,897 ) $ 76,607,535 Cost of Sales $ (70,708,100 ) $ 9,859,897 $ (60,848,203 ) Gross Profit $ 15,759,332 $ - $ 15,759,332

INVENTORIES

INVENTORIES	12 Months Ended
	Oct. 31, 2020
Inventory Disclosure [Abstract]
INVENTORIES	NOTE 4 - INVENTORIES Inventories at October 31, 2020 and 2019 consisted of the following: SCHEDULE OF INVENTORIES 2020 2019 Packed coffee $ 3,590,709 $ 4,044,279 Green coffee 11,390,668 12,515,124 Roaster parts 381,617 419,077 Packaging supplies 1,739,999 1,862,745 Totals $ 17,102,993 $ 18,841,225

EQUITY METHOD INVESTMENT

EQUITY METHOD INVESTMENT	12 Months Ended
	Oct. 31, 2020
Equity Method Investments and Joint Ventures [Abstract]
EQUITY METHOD INVESTMENT	NOTE 5 – EQUITY METHOD INVESTMENT On October 15, 2020, The Ideation Lab, LLC (“TIL”), Jordre Well, LLC (“Jordre Well”), an entity created by TIL and the Company entered into a Contribution and Equity Purchase Agreement. TIL contributed 100 100 49 278,500 139,250 139,250 500,000 COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019

MACHINERY AND EQUIPMENT

MACHINERY AND EQUIPMENT	12 Months Ended
	Oct. 31, 2020
Property, Plant and Equipment [Abstract]
MACHINERY AND EQUIPMENT	NOTE 6 - MACHINERY AND EQUIPMENT Machinery and equipment at October 31, 2020 and 2019 consisted of the following: SCHEDULE OF MACHINERY AND EQUIPMENT Estimated 2020 2019 Improvements 15 30 $ 233,766 $ 228,201 Machinery and equipment 7 8,492,395 8,035,223 Furniture and fixtures 7 1,082,022 1,082,022 Property plant and equipment gross 9,808,183 9,345,446 Less, accumulated depreciation 7,610,864 6,931,913 Property plant and equipment net $ 2,197,319 $ 2,413,533 Depreciation expense totaled $ 678,951 680,085

LINE OF CREDIT

LINE OF CREDIT	12 Months Ended
	Oct. 31, 2020
Debt Disclosure [Abstract]
LINE OF CREDIT	NOTE 7 - 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 1.75 3.50 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 October 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 October 31, 2020 and October 31, 2019, the outstanding balance under the bank line of credit was $ 3,796,822 7,167,740 COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019

INCOME TAXES

INCOME TAXES	12 Months Ended
	Oct. 31, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE 8 - INCOME TAXES The Company’s (benefit)/provision for income taxes in 2020 and 2019 consisted of the following: SCHEDULE OF PROVISION FOR INCOME TAX 2020 2019 Current Federal $ 187,140 $ 10,172 State and local 62,499 68,974 Total Current 249,639 79,146 Deferred Federal (229,355 ) (45,323 ) State and local (61,997 ) (4,615 ) Total Deferred (291,352 ) (49,938 ) Income tax (benefit)/expense $ (41,713 ) $ 29,208 A reconciliation of the difference between the expected income tax rate using the statutory U.S. federal tax rate and the Company’s effective tax rate is as follows: SCHEDULE OF EFFECTIVE INCOME TAX RATE 2020 2019 (Benefit) tax at the federal statutory rate $ (79,329 ) $ 61,575 Other permanent differences 52,537 (45,107 ) State and local tax, net of federal (14,921 ) 12,740 (Benefit) provision for income taxes $ (41,713 ) $ 29,208 Effective income tax rate 11 % 10 % COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 8 - INCOME TAXES (cont’d): The tax effects of the temporary differences that give rise to the deferred tax assets and liabilities as of October 31, 2020 and 2019 are as follows: SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES 2020 2019 Deferred tax assets: Accounts receivable $ 36,468 $ 36,802 Unrealized loss 140,136 Deferred rent 36,810 49,442 Deferred compensation 70,035 96,720 Net operating loss 70,275 82,973 Stock-based compensation 340,715 121,880 Inventory 87,736 92,656 Total deferred tax asset $ 782,175 $ 480,473 Deferred tax liability: Intangible assets acquired 484,932 484,932 Unrealized gain 32,656 Fixed assets 397,650 $ 354,644 Total deferred tax liabilities $ 882,582 $ 872,232 A valuation allowance was not provided at October 31, 2020 or 2019. In assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income, and tax planning strategies in making this assessment. Based upon the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax assets are expected to be deductible, management believes it is more likely than not the Company will realize the benefits of these deductible differences. The amount of the deferred tax asset considered realizable, however, could be reduced in the near term if estimates of future taxable income are reduced. As of October 31, 2020 and 2019, the Company did no no COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 8 - INCOME TAXES (cont’d): The Company files a U.S. federal income tax return and California, Colorado, Connecticut, Idaho, Kansas, Michigan, New Jersey, New York, New York City, Virginia, Texas, Rhode Island, South Carolina, and Oregon state tax returns. The Company’s federal income tax return is no longer subject to examination by the federal taxing authority for years before fiscal 2017. The Company’s California, Colorado and New Jersey and Texas income tax returns are no longer subject to examination by their respective taxing authorities for the years before fiscal 2016. The Company’s Oregon, New York, Kansas, South Carolina, Rhode Island, Connecticut and Michigan income tax returns are no longer subject to examination by their respective taxing authorities for the years before fiscal 2017. On March 27, 2020 Congress enacted the CARES Act (Coronavirus Aid, Relief and Economic Security Act). The Act provides numerous tax provisions and other stimulus measures, including temporary changes regarding prior and future operation losses, temporary changes to prior and future limitations on interest deductions, temporary suspension of certain payment requirements for the employer portion of Social Security taxes, technical corrections to prior tax legislation for tax depreciation of certain qualified improvement property and enhanced recoverability of AMT tax credits. The Company is currently evaluating the impact of the CARES Act, but at present does not expect any impact. As of October 31, 2020, and 2019, the Company had cumulative net operating loss carryforwards of approximately $ 334,642 395,111 begin to expire in 2038 60,469

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Oct. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 9 - COMMITMENTS AND CONTINGENCIES CLASS ACTION COMPLAINT The Company was named as a defendant in a putative class action lawsuit filed in the United States District Court for the Northern District of Illinois on or about December 21, 2020. The plaintiffs, Eileen Brodsky and Rhonda Diamond, purporting to represent a class of individuals who purchased coffee products at Aldi, Inc. (“Aldi”), a supermarket chain, generally allege that Aldi sold private label coffee products manufactured by us and by Pan American Coffee Co., LLC (“Pan American”), which falsely described the number of cups of coffee that could be made from the amount of product purchased. Aldi and Pan American are also named as defendants in the action. The complaint asserts a variety of claims under New York and California consumer protection laws, and seeks unspecified monetary damages, including disgorgement and restitution, as well as other forms of relief including class certification, declaratory and injunctive relief, attorneys’ fees, and interest. The Company believes the allegations in the complaint are wholly without merit and that the claims asserted are legally deficient, and the company intends to vigorously defend the action. As of the filing of this Form 10-K, the Company has not been served with the complaint. Therefore, the Company is unable to predict the ultimate outcome of this lawsuit. A significant customer of the Company was named as a defendant in a putative class action lawsuit filed in the United States District Court for the District of Massachusetts on or about February 2, 2021, concerning the labeling on private label coffee productions we sold to the customer. The plaintiff, David Cohen, purporting to represent a class of individuals who purchased coffee products from our customer, generally allege that the customer sold private label coffee products manufactured by the Company which falsely described the number of cups of coffee that could be made from the amount of product purchased. The Company is not named as a defendant in the action, but has agreed to indemnify the customer for the costs and expenses incurred in defending the lawsuit and for any liability the customer may suffer as a result. The complaint asserts a variety of claims under Massachusetts consumer protection laws, and seeks unspecified monetary damages as well as other forms of relief including class certification, declaratory and injunctive relief, attorneys’ fees, and interest. The Company believes the allegations in the complaint are wholly without merit and that the claims asserted are legally deficient, and intends to vigorously support the customer in defending the action. As of the filing of this Form 10-K, the Company is unable to predict the ultimate outcome of this lawsuit. COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 9 - COMMITMENTS AND CONTINGENCIES (cont’d): OPERATING LEASES: In February 2004, the Company entered into a lease for office and warehouse space in La Junta City, Colorado. This lease, which is at a monthly rental of $ 8,341 January 31, 2024 95,504 In October 2008, the Company entered into a lease for office and warehouse space in Staten Island, NY. This lease, which is at a monthly rental beginning November 2008, expires on October 31, 2023 175,640 143,171 In March 2015, the Company entered into a lease for office space in Vancouver, WA. This lease, which is at a monthly rental beginning April 1, 2015, expired on March 31, 2017. The lease was extended, effective as of April 1, 2017 and expiring on March 31, 2019 March 31, 2021 41,150 39,960 In December 2016, the Company entered into a lease for office and warehouse space in Burlington, WA. This lease, which is at a monthly rental beginning December 1, 2017, expired on December 31, 2018 December 31, 2020 December 21, 2021 32,924 47,143 In April 2017, the Company entered into a lease for office and warehouse space in North Andover, MA. This lease, which is at a monthly rental beginning April 1, 2017, expires on May 31, 2028 235,710 233,754 In April 2018, the Company through its joint venture Generations Coffee Company, LLC entered into a lease for office and warehouse space in Madison, WI. This lease, which is at a monthly rental beginning April 1, 2018, expires on September 30, 2024 169,244 117,149 COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 9 - COMMITMENTS AND CONTINGENCIES (cont’d): 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 operating lease costs for the year ended October 31, 2020 was $ 750,172 131,730 618,442 597,945 The following summarizes the Company’s operating leases: SCHEDULE OF OPERATING LEASES October 31, 2020 Right-of-use operating lease assets $ 2,114,228 Current lease liability $ 484,163 Non-current lease liability $ 1,780,306 Average remaining lease term 3.0 Discount rate 4.75 % Maturities of lease liabilities by year for our operating leases are as follows: SCHEDULE OF MINIMUM FUTURE LEASE PAYMENTS 2021 $ 580,788 2022 535,920 2023 531,807 2024 316,477 2025 168,288 Thereafter 434,744 Total lease payments $ 2,568,024 Less: imputed interest (303,555 ) Present value of operating lease liabilities $ 2,264,469 401 (K) RETIREMENT PLAN: The Company has a 401(k) Retirement Plan, which covers all the full time employees who have completed one year of service and have reached their 21 st Contributions to the plan aggregated $ 81,384 89,577 COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019

ECONOMIC DEPENDENCY restated)_

ECONOMIC DEPENDENCY restated):	12 Months Ended
	Oct. 31, 2020
Risks and Uncertainties [Abstract]
ECONOMIC DEPENDENCY restated):	NOTE 10 - ECONOMIC DEPENDENCY restated): Approximately 26 2,076,000 28 22 3,109,000 33 For the year ended October 31, 2020, approximately 27 468,000 28 1,005,000 The following table presents revenues by product line for the years ended October 31, 2020 and 2019. SCHEDULE OF REVENUES BY PRODUCT LINE 2020 2019 2020 (restated) 2019 (restated) Green $ 23,912,022 $ 32,849,195 $ 22,303,468 $ 29,269,761 Packaged 50,423,793 53,618,237 43,728,485 47,337,774 Totals $ 74,335,815 $ 86,467,432 $ 66,031,953 $ 76,607,535

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Oct. 31, 2020
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 11 - RELATED PARTY TRANSACTIONS The Company has engaged its 40 380,838 401,227 An employee of one of the top two vendors is a director of the Company. Purchases from that vendor totaled approximately $ 5,300,000 8,300,000 0 840,000 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: Andrew Gordon, the CEO. Within the plan guidelines, this employee is deferring a portion of his current salary and bonus. The deferred compensation payable represents the liability due to an officer of the Company. The deferred compensation liability at October 31, 2020 and 2019 was $ 276,548 378,453 0 COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019

STOCKHOLDERS_ EQUITY

STOCKHOLDERS’ EQUITY	12 Months Ended
	Oct. 31, 2020
Equity [Abstract]
STOCKHOLDERS’ EQUITY	NOTE 12 - STOCKHOLDERS’ EQUITY a. Treasury Stock no 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 During the year ended October 31, 2019, the Company granted stock option awards to five board members to purchase an aggregate 59,000 5.43 The stock options have an expected term of six years twelve month The stock options have an aggregate grant date fair value of approximately $ 233,050 941,000 5.43 six years three year 2,277,220 The following table represents stock option activity for the year ended October 31, 2020: SUMMARY OF STOCK OPTION ACTIVITY 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 October 31, 2020 1,000,000 - $ 5.43 - 10 - 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 October 31, 2019 1,000,000 - $ 5.43 - 10 - The Company recorded $ 868,477 476,899 The unrecognized stock compensation expense as of October 31, 2020 was approximately $ 1,164,894 COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Oct. 31, 2020
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	NOTE 13 - FAIR VALUE MEASUREMENTS Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, not adjusted for transaction costs. The guidance also establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels giving the highest priority to quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3) as described below: Level 1 Inputs – Unadjusted quoted prices in active markets for identical assets or liabilities that are accessible by the Company; Level 2 Inputs – Quoted prices in markets that are not active or financial instruments for which all significant inputs are observable, either directly or indirectly; Level 3 Inputs – Unobservable inputs for the asset or liability including significant assumptions of the Company and other market participants. The Company determines fair values for its investment assets as follows: Investments at fair value consist of commodity securities and deferred compensation plan assets. The Company maintains a deferred compensation plan. The fair value of the plan assets are classified within Level 1 as the assets are valued using quoted prices in active markets. The assets are included with Deposits and other assets in the accompanying balance sheets. Additional information related to the Company’s deferred compensation plan is disclosed in Note 11. The Company’s commodity securities are classified within Level 2 and include coffee futures and options contracts. To determine fair value, the Company utilizes the market approach valuation technique for the coffee futures and options contracts. The Company uses Level 2 inputs that are based on market data of similar instruments that are in observable markets. All commodities on the balance sheet are recorded at fair value with changes in fair value included in earnings. The following tables present the Company’s assets and liabilities that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy. COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 13 - FAIR VALUE MEASUREMENTS (cont’d): SCHEDULE OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE Fair Value Measurements as of October 31, 2020 Total Level 1 Level 2 Level 3 Assets: Money market 276,548 276,548 – – - - Total Assets $ 276,548 $ 276,548 $ - – Liabilities: Commodities - Futures (287,850 ) (287,850 ) Commodities – Options (164,475 ) – (164,475 ) – Total Liabilities $ (452,325 ) – $ (452,325 ) – Fair Value Measurements as of October 31, 2019 Total Level 1 Level 2 Level 3 Assets: Money market 378,453 378,453 – – Commodities – Futures 159,887 159,887 Total Assets $ 538,340 $ 378,453 $ 159,887 – Liabilities: Commodities – Options (58,856 ) – (58,856 ) – Total Liabilities $ (58,856 ) – $ (58,856 ) –

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Oct. 31, 2020
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 consolidated financial statements.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Oct. 31, 2020
Accounting Policies [Abstract]
Restatement [Policy Text Block]
BASIS OF PRESENTATION	BASIS OF PRESENTATION The consolidated financial statements include the accounts of the Company, Organic Products Trading Company, LLC (“OPTCO”), Sonofresco LLC (“SONO”), Comfort Foods, Inc. (“CFI”) and Generations Coffee Company, LLC (“GCC”). All significant inter-company balances and transactions have been eliminated in consolidation.
USE OF ESTIMATES	USE OF ESTIMATES The preparation of the Company’s financial statements in conformity with accounting principles generally accepted in the United States of America (GAAP) requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Significant estimates include allowance for uncollectible accounts receivable and reserves, inventory obsolescence, depreciation, intangible asset valuations and useful lives, taxes, contingencies, and valuation of financial instruments. These estimates may be adjusted as more current information becomes available, and any adjustment could have a significant impact on recorded amounts.
CASH	CASH Cash consists primarily of unrestricted cash on deposit at financial institutions and brokerage firms. COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont’d):
ACCOUNTS RECEIVABLE	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: SCHEDULE OF ACCOUNTS RECEIVABLE 2020 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 Inventories are stated at the lower of cost (first in, first out basis) or net realizable value, including provisions for obsolescence commensurate with known or estimated exposures. There are no
MACHINERY AND EQUIPMENT	MACHINERY AND EQUIPMENT Machinery and equipment are recorded at cost and depreciated using the straight-line method over the estimated useful lives of the assets. Purchases of machinery and equipment and additions and betterments which substantially extend the useful life of an asset are capitalized at cost. Expenditures which do not materially prolong the normal useful life of an asset are charged to operations as incurred. The Company also provides for amortization of leasehold improvements. COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont’d):
COMMODITIES HELD BY BROKER	COMMODITIES HELD BY BROKER The commodities held at broker represent the market value of the Company’s trading account, which consists of option 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 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: SCHEDULE OF COMMODITIES HELD BY BROKER 2020 2019 Option contracts $ (164,475 ) $ (58,856 ) Future contracts (287,850 ) 159,887 Commodities due (to) from broker $ (452,325 ) $ 101,031 The Company classifies its options and future contracts as trading securities and accordingly, unrealized holding gains and losses are included in earnings. At October 31, 2020, the Company held 48 three four months 1,800,000 1.158 1.044 At October 31, 2019, the Company held 124 three four months 4,650,000 .986 1.02 Included in cost of sales for the years ended October 31, 2020 and 2019, the Company recorded realized and unrealized gains and losses respectively, on these contracts as follows: SCHEDULE OF REALIZED AND UNREALIZED GAINS AND LOSSES ON CONTRACTS 2020 2019 Year Ended October 31, 2020 2019 Gross realized gains $ 1,678,995 $ 1,307,816 Gross realized (losses) (1,451,761 ) (2,642,537 ) Unrealized (losses) gains (553,356 ) 123,077 Total $ (326,122 ) $ (1,211,644 ) COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont’d):
GOODWILL AND TRADEMARKS	GOODWILL AND TRADEMARKS The Company has determined that its goodwill and trademarks, which consist of product lines, trade names and packaging designs have an indefinite useful life. The value of the goodwill and trademarks was allocated based on an independent valuation. Goodwill and trademarks are not amortized but are assigned to a specific reporting unit or asset class and tested for impairment at least annually or upon the occurrence of an event or when circumstances indicate that the reporting unit’s carrying amount of goodwill and trademarks is greater than its fair value. As of October 31, 2020 and 2019, the Company has determined by using a qualitative assessment that an impairment did not exist.
CUSTOMER LIST AND RELATIONSHIPS	CUSTOMER LIST AND RELATIONSHIPS Customer list and relationships consist of a specific customer lists and customer contracts obtained by the Company in the acquisition of OPTCO, Comfort Foods, Sonofresco and Steep & Brew which are being amortized on the straight-line method over their estimated useful life of twenty years
ADVERTISING	ADVERTISING The Company expenses the cost of advertising and promotion as incurred. Advertising costs charged to operations totaled $ 149,505 449,678
INCOME TAXES	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.
EARNINGS PER SHARE	EARNINGS PER SHARE 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 Company has issued 1,000,000 The weighted average common shares outstanding used in the computation of basic and diluted earnings per share were 5,575,453 5,569,349 COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont’d):
FAIR VALUE OF FINANCIAL INSTRUMENTS	FAIR VALUE OF FINANCIAL INSTRUMENTS The carrying amounts of cash, accounts receivable, notes receivable, accounts payable and accrued expenses approximate fair value because of the short-term nature of these instruments. The carrying amount of the bank line of credit borrowings approximates fair value because the debt is based on current rates at which the Company could borrow funds with similar remaining maturities. Fair value estimates are made at a specific point in time, based on relevant market information about the financial instruments when available. These estimates are subjective in nature and involve uncertainties and matters of significant judgment and therefore, cannot be determined with precision. Changes in assumptions could significantly affect the estimates.
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.
PAYCHECK PROTECTION PROGRAM	PAYCHECK PROTECTION PROGRAM On July 22, 2020, the Company received loan proceeds of $ 634,400 The PPP, which was established under the Coronavirus Aid, Relief and Economic Security Act (“the CARES Act”), provides for loans to qualifying businesses for amounts up to 2.5 times certain average monthly payroll expenses of the qualifying business. The loan and accrued interest, or a portion thereof, may be forgiven after 24 weeks so long as the borrower uses the loan proceeds for eligible purposes including payroll, benefits, rent, mortgage interest and utilities, and maintains its payroll levels, as defined by the PPP. At least 60% of the amount forgiven must be attributable to payroll costs, as defined by the PPP. The PPP loan matures five years 1 U.S. GAAP does not contain authoritative accounting standards for forgivable loans provided by governmental entities to a for-profit entity. Absent authoritative accounting standards, interpretative guidance issued and commonly applied by financial statement preparers allows for the selection of accounting policies amongst acceptable alternatives. Based on facts and circumstances outlined below, the Company determined it most appropriate to account for the PPP loan proceeds as an in-substance government grant by analogy to International Accounting Standards 20 (“IAS 20”), Accounting for Government Grants and Disclosure of Government Assistance. Under the provisions of IAS 20, “a COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont’d): forgivable loan from the government is treated as a government grant when there is reasonable assurance that the entity will meet the terms for forgiveness of the loan.” IAS 20 does not define “reasonable assurance”, however, based on certain interpretations, it is analogous to “probable” as defined in FASB ASC 450-20-20 under U.S. GAAP, which is the definition the Company has applied to its expectations of PPP loan forgiveness. Under IAS 20, government grants are recognized in earnings on a systematic basis over the periods in which the Company recognizes costs for which the grant is intended to compensate (i.e. qualified expenses). Further, IAS 20 permits for the recognition in earnings either separately under a general heading such as other income, or as a reduction of the related expenses. The Company has elected to recognize government grant income separately within other income to present a more clear distinction in its financial statements between its operating income and the amount of net income resulting from the PPP loan and subsequent expected forgiveness. The Company believes this presentation method promotes greater comparability amongst all period presented. The following table provided the balance and activity related to the PPP Loan: SCHEDULE OF PAYCHECK PROTECTION PROGRAM PPP Loan $ 634,400 Qualified expenses incurred to date 634,400 Unrecognized government grant income $ 0 COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont’d):
SHIPPING AND HANDLING FEES AND COSTS	SHIPPING AND HANDLING FEES AND COSTS Revenue earned from shipping and handling fees is reflected in net sales. Costs associated with shipping product to customers aggregating approximately $ 2,780,000 3,214,000
CONCENTRATION OF RISK	CONCENTRATION OF RISK Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash deposits at financial institutions and brokerage firms. Accounts at each institution are insured by the Federal Deposit Insurance Corporation (FDIC) up to certain limits. At October 31, 2020 and 2019, the Company had approximately $ 816,000 1,490,000 The accounts at the brokerage firm contain cash and securities. Balances are insured up to $ 500,000 100,000 1,421,000 706,000
RECLASSIFICATION	RECLASSIFICATION Certain amounts in the prior year financial statements have been reclassified to conform to the current year’s presentation. These reclassification adjustments had no effect on the Company’s previously reported net income.
EQUITY METHOD OF ACCOUNTING	EQUITY METHOD OF ACCOUNTING Investee companies that are not consolidated, but over which the Company exercises significant influence, are accounted for under the equity method of accounting. Whether or not the Company exercises significant influence with respect to an Investee depends on an evaluation of several factors including, among others, representation on the Investee company’s board of directors and ownership level, which is generally a 20% to 50% interest in the voting securities of the Investee company. The Company’s investment in a company that is accounted for on the equity method of accounting consist of the following: (1) 20 100,000 5,016 3,769 80,992 86,008 49 139,250 3.45 480,413
RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS AFFECTING THE COMPANY	RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS AFFECTING THE COMPANY 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. COFFEE HOLDING CO., INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OCTOBER 31, 2020 AND 2019 NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont’d): 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 2,705,484 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 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.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Oct. 31, 2020
Accounting Policies [Abstract]
SCHEDULE OF ACCOUNTS RECEIVABLE	SCHEDULE OF ACCOUNTS RECEIVABLE 2020 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
SCHEDULE OF COMMODITIES HELD BY BROKER	The Company has open position contracts held by the broker, which are summarized as follows: SCHEDULE OF COMMODITIES HELD BY BROKER 2020 2019 Option contracts $ (164,475 ) $ (58,856 ) Future contracts (287,850 ) 159,887 Commodities due (to) from broker $ (452,325 ) $ 101,031
SCHEDULE OF REALIZED AND UNREALIZED GAINS AND LOSSES ON CONTRACTS	Included in cost of sales for the years ended October 31, 2020 and 2019, the Company recorded realized and unrealized gains and losses respectively, on these contracts as follows: SCHEDULE OF REALIZED AND UNREALIZED GAINS AND LOSSES ON CONTRACTS 2020 2019 Year Ended October 31, 2020 2019 Gross realized gains $ 1,678,995 $ 1,307,816 Gross realized (losses) (1,451,761 ) (2,642,537 ) Unrealized (losses) gains (553,356 ) 123,077 Total $ (326,122 ) $ (1,211,644 )
SCHEDULE OF PAYCHECK PROTECTION PROGRAM	The following table provided the balance and activity related to the PPP Loan: SCHEDULE OF PAYCHECK PROTECTION PROGRAM PPP Loan $ 634,400 Qualified expenses incurred to date 634,400 Unrecognized government grant income $ 0

RESTATEMENT_ (Tables)

RESTATEMENT: (Tables)	12 Months Ended
	Oct. 31, 2020
Accounting Changes and Error Corrections [Abstract]
SCHEDULE OF ERROR CORRECTIONS AND PRIOR PERIOD ADJUSTMENTS	Selected Consolidated Statement of Operations for the years ended October 31, 2020 and 2019. SCHEDULE OF ERROR CORRECTIONS AND PRIOR PERIOD ADJUSTMENTS Previously Reported October 31, 2020 Increase (Decrease) As Restated Net Sales $ 74,335,815 $ (8,303,862 ) $ 66,031,953 Cost of Sales $ (61,256,926 ) $ 8,303,862 $ (52,953,064 ) Gross Profit $ 13,078,889 $ - $ 13,078,889 Previously Reported October 31, 2019 Increase (Decrease) As Restated Net Sales $ 86,467,432 $ (9,859,897 ) $ 76,607,535 Cost of Sales $ (70,708,100 ) $ 9,859,897 $ (60,848,203 ) Gross Profit $ 15,759,332 $ - $ 15,759,332

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Oct. 31, 2020
Inventory Disclosure [Abstract]
SCHEDULE OF INVENTORIES	Inventories at October 31, 2020 and 2019 consisted of the following: SCHEDULE OF INVENTORIES 2020 2019 Packed coffee $ 3,590,709 $ 4,044,279 Green coffee 11,390,668 12,515,124 Roaster parts 381,617 419,077 Packaging supplies 1,739,999 1,862,745 Totals $ 17,102,993 $ 18,841,225

MACHINERY AND EQUIPMENT (Tables

MACHINERY AND EQUIPMENT (Tables)	12 Months Ended
	Oct. 31, 2020
Property, Plant and Equipment [Abstract]
SCHEDULE OF MACHINERY AND EQUIPMENT	Machinery and equipment at October 31, 2020 and 2019 consisted of the following: SCHEDULE OF MACHINERY AND EQUIPMENT Estimated 2020 2019 Improvements 15 30 $ 233,766 $ 228,201 Machinery and equipment 7 8,492,395 8,035,223 Furniture and fixtures 7 1,082,022 1,082,022 Property plant and equipment gross 9,808,183 9,345,446 Less, accumulated depreciation 7,610,864 6,931,913 Property plant and equipment net $ 2,197,319 $ 2,413,533

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Oct. 31, 2020
Income Tax Disclosure [Abstract]
SCHEDULE OF PROVISION FOR INCOME TAX	The Company’s (benefit)/provision for income taxes in 2020 and 2019 consisted of the following: SCHEDULE OF PROVISION FOR INCOME TAX 2020 2019 Current Federal $ 187,140 $ 10,172 State and local 62,499 68,974 Total Current 249,639 79,146 Deferred Federal (229,355 ) (45,323 ) State and local (61,997 ) (4,615 ) Total Deferred (291,352 ) (49,938 ) Income tax (benefit)/expense $ (41,713 ) $ 29,208
SCHEDULE OF EFFECTIVE INCOME TAX RATE	A reconciliation of the difference between the expected income tax rate using the statutory U.S. federal tax rate and the Company’s effective tax rate is as follows: SCHEDULE OF EFFECTIVE INCOME TAX RATE 2020 2019 (Benefit) tax at the federal statutory rate $ (79,329 ) $ 61,575 Other permanent differences 52,537 (45,107 ) State and local tax, net of federal (14,921 ) 12,740 (Benefit) provision for income taxes $ (41,713 ) $ 29,208 Effective income tax rate 11 % 10 %
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES	The tax effects of the temporary differences that give rise to the deferred tax assets and liabilities as of October 31, 2020 and 2019 are as follows: SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES 2020 2019 Deferred tax assets: Accounts receivable $ 36,468 $ 36,802 Unrealized loss 140,136 Deferred rent 36,810 49,442 Deferred compensation 70,035 96,720 Net operating loss 70,275 82,973 Stock-based compensation 340,715 121,880 Inventory 87,736 92,656 Total deferred tax asset $ 782,175 $ 480,473 Deferred tax liability: Intangible assets acquired 484,932 484,932 Unrealized gain 32,656 Fixed assets 397,650 $ 354,644 Total deferred tax liabilities $ 882,582 $ 872,232

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Oct. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
SCHEDULE OF OPERATING LEASES	The following summarizes the Company’s operating leases: SCHEDULE OF OPERATING LEASES October 31, 2020 Right-of-use operating lease assets $ 2,114,228 Current lease liability $ 484,163 Non-current lease liability $ 1,780,306 Average remaining lease term 3.0 Discount rate 4.75 %
SCHEDULE OF MINIMUM FUTURE LEASE PAYMENTS	Maturities of lease liabilities by year for our operating leases are as follows: SCHEDULE OF MINIMUM FUTURE LEASE PAYMENTS 2021 $ 580,788 2022 535,920 2023 531,807 2024 316,477 2025 168,288 Thereafter 434,744 Total lease payments $ 2,568,024 Less: imputed interest (303,555 ) Present value of operating lease liabilities $ 2,264,469

ECONOMIC DEPENDENCY restated)_

ECONOMIC DEPENDENCY restated): (Tables)	12 Months Ended
	Oct. 31, 2020
Risks and Uncertainties [Abstract]
SCHEDULE OF REVENUES BY PRODUCT LINE	The following table presents revenues by product line for the years ended October 31, 2020 and 2019. SCHEDULE OF REVENUES BY PRODUCT LINE 2020 2019 2020 (restated) 2019 (restated) Green $ 23,912,022 $ 32,849,195 $ 22,303,468 $ 29,269,761 Packaged 50,423,793 53,618,237 43,728,485 47,337,774 Totals $ 74,335,815 $ 86,467,432 $ 66,031,953 $ 76,607,535

STOCKHOLDERS_ EQUITY (Tables)

STOCKHOLDERS’ EQUITY (Tables)	12 Months Ended
	Oct. 31, 2020
Equity [Abstract]
SUMMARY OF STOCK OPTION ACTIVITY	The following table represents stock option activity for the year ended October 31, 2020: SUMMARY OF STOCK OPTION ACTIVITY 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 October 31, 2020 1,000,000 - $ 5.43 - 10 - 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 October 31, 2019 1,000,000 - $ 5.43 - 10 -

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Oct. 31, 2020
Fair Value Disclosures [Abstract]
SCHEDULE OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE	SCHEDULE OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE Fair Value Measurements as of October 31, 2020 Total Level 1 Level 2 Level 3 Assets: Money market 276,548 276,548 – – - - Total Assets $ 276,548 $ 276,548 $ - – Liabilities: Commodities - Futures (287,850 ) (287,850 ) Commodities – Options (164,475 ) – (164,475 ) – Total Liabilities $ (452,325 ) – $ (452,325 ) – Fair Value Measurements as of October 31, 2019 Total Level 1 Level 2 Level 3 Assets: Money market 378,453 378,453 – – Commodities – Futures 159,887 159,887 Total Assets $ 538,340 $ 378,453 $ 159,887 – Liabilities: Commodities – Options (58,856 ) – (58,856 ) – Total Liabilities $ (58,856 ) – $ (58,856 ) –

BUSINESS ACTIVITIES (Details Na

BUSINESS ACTIVITIES (Details Narrative) - Paycheck Protection Program [Member]	3 Months Ended
	Oct. 31, 2020 USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Proceeds from unsecured loan	$ 634,400
Maximum [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Non- payroll costs forgiven amount, percentage	40%
Exclude Compensation of Individual Employee [Member]
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Payroll costs	$ 100,000

SCHEDULE OF ACCOUNTS RECEIVABLE

SCHEDULE OF ACCOUNTS RECEIVABLE (Details) - USD ($)	Oct. 31, 2020	Oct. 31, 2019
Accounting Policies [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

SCHEDULE OF COMMODITIES HELD BY

SCHEDULE OF COMMODITIES HELD BY BROKER (Details) - USD ($)	Oct. 31, 2020	Oct. 31, 2019
Accounting Policies [Abstract]
Option contracts	$ (164,475)	$ (58,856)
Future contracts	(287,850)	159,887
Commodities due (to) from broker	$ (452,325)	$ 101,031

SCHEDULE OF REALIZED AND UNREAL

SCHEDULE OF REALIZED AND UNREALIZED GAINS AND LOSSES ON CONTRACTS (Details) - USD ($)	12 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Accounting Policies [Abstract]
Gross realized gains	$ 1,678,995	$ 1,307,816
Gross realized (losses)	(1,451,761)	(2,642,537)
Unrealized (losses) gains	(553,356)	123,077
Total	$ (326,122)	$ (1,211,644)

SCHEDULE OF PAYCHECK PROTECTION

SCHEDULE OF PAYCHECK PROTECTION PROGRAM (Details)	Oct. 31, 2020 USD ($)
Short-Term Debt [Line Items]
Unrecognized government grant income	$ 0
PPP Loan [Member]
Short-Term Debt [Line Items]
Unrecognized government grant income	634,400
Qualified Expenses Incurred to Date [Member]
Short-Term Debt [Line Items]
Unrecognized government grant income	$ 634,400

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)				12 Months Ended
	Oct. 15, 2020 $ / shares shares	Oct. 15, 2020 USD ($) $ / shares shares	Jul. 22, 2020 USD ($)	Oct. 31, 2020 USD ($) Integer lb $ / shares shares	Oct. 31, 2019 USD ($) Integer lb $ / shares shares	Nov. 01, 2019 USD ($)
Property, Plant and Equipment [Line Items]
Reserves for inventory obsolescence				$ 0	$ 0
Number of futures contracts | Integer				48	124
Purchase of futures contracts | lb				1,800,000	4,650,000
Futures contracts weighted average price per pound | $ / shares				$ 1.158	$ 0.986
Fair market value of futures contract per pound | $ / shares				$ 1.044	$ 1.02
Advertising cost				$ 149,505	$ 449,678
Anti-dilutive diluted earnings per share | shares					1,000,000
Weighted average common shares outstanding: basic and diluted | shares				5,575,453	5,569,349
Shipping and handling fees				$ 2,780,000	$ 3,214,000
Cash excess of FDIC insured limits				816,000	1,490,000
Cash excess of SIPC insured limits				1,421,000	706,000
Loss on equity method investments				5,016	3,769
Equity method investments				561,405	86,008
Number of common stock shares issued, shares | shares	139,250
Number of common stock shares issued				480,413
Operating lease right of use asset				2,114,228		$ 2,512,022
Operating lease liability noncurrent				$ 1,780,306		$ 2,705,484
Lease payment percent				4.75%
Jordre Well, LLC [Member]
Property, Plant and Equipment [Line Items]
Share price | $ / shares	$ 3.45	$ 3.45
Healthwise Gourmet Coffees, LLC [Member]
Property, Plant and Equipment [Line Items]
Equity method investment, ownership percentage				20%
Investments				$ 100,000
Loss on equity method investments				5,016	3,769
Equity method investments				$ 80,992	$ 86,008
Jordre Well, LLC [Member]
Property, Plant and Equipment [Line Items]
Equity method investment, ownership percentage	49%	49%
Number of common stock shares issued, shares | shares		139,250
Number of common stock shares issued		$ 480,413
Board of Directors [Member]
Property, Plant and Equipment [Line Items]
Equity method interest voting securities of investee company				Investee company’s board of directors and ownership level, which is generally a 20% to 50% interest in the voting securities of the Investee company.
Paycheck Protection Program [Member]
Property, Plant and Equipment [Line Items]
Proceeds from Loans			$ 634,400
Debt description			The PPP, which was established under the Coronavirus Aid, Relief and Economic Security Act (“the CARES Act”), provides for loans to qualifying businesses for amounts up to 2.5 times certain average monthly payroll expenses of the qualifying business. The loan and accrued interest, or a portion thereof, may be forgiven after 24 weeks so long as the borrower uses the loan proceeds for eligible purposes including payroll, benefits, rent, mortgage interest and utilities, and maintains its payroll levels, as defined by the PPP. At least 60% of the amount forgiven must be attributable to payroll costs, as defined by the PPP.
Debt term			5 years
Debt interest fixed rate			1%
Customer Relationships [Member]
Property, Plant and Equipment [Line Items]
Finite-lived intangible asset, useful life				20 years
Minimum [Member]
Property, Plant and Equipment [Line Items]
Futures contracts term				3 months	3 months
Cash, SIPC insured amount				$ 500,000
Maximum [Member]
Property, Plant and Equipment [Line Items]
Futures contracts term				4 months	4 months
Cash, SIPC insured amount				$ 100,000

SCHEDULE OF ERROR CORRECTIONS A

SCHEDULE OF ERROR CORRECTIONS AND PRIOR PERIOD ADJUSTMENTS (Details) - USD ($)	12 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net Sales	$ 66,031,953	$ 76,607,535
Net Sales	(52,953,064)	(60,848,203)
Net Sales	52,953,064	60,848,203
Gross Profit	13,078,889	15,759,332
Previously Reported [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net Sales	74,335,815	86,467,432
Net Sales	(61,256,926)	(70,708,100)
Net Sales	61,256,926	70,708,100
Gross Profit	13,078,889	15,759,332
Revision of Prior Period, Adjustment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net Sales	(9,859,897)	(8,303,862)
Net Sales	(8,303,862)	(9,859,897)
Net Sales	8,303,862	9,859,897
Gross Profit

SCHEDULE OF INVENTORIES (Detail

SCHEDULE OF INVENTORIES (Details) - USD ($)	Oct. 31, 2020	Oct. 31, 2019
Inventories	$ 17,102,993	$ 18,841,225
Packed Coffee [Member]
Inventories	3,590,709	4,044,279
Green Coffee [Member]
Inventories	11,390,668	12,515,124
Roaster Parts [Member]
Inventories	381,617	419,077
Packaging Supplies [Member]
Inventories	$ 1,739,999	$ 1,862,745

EQUITY METHOD INVESTMENT (Detai

EQUITY METHOD INVESTMENT (Details Narrative)	Oct. 15, 2020 USD ($) shares
Schedule of Equity Method Investments [Line Items]
Number of common stock shares issued, shares	139,250
Jordre Well, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Number of common stock unit exchange	100
Number of common stock shares issued, shares	139,250
Revenue | $	$ 500,000
The Ideation Lab, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Sale of common units	49
The Ideation Lab, LLC [Member] | Maximum [Member]
Schedule of Equity Method Investments [Line Items]
Number of common stock shares issued, shares	278,500
The Ideation Lab, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	100%

SCHEDULE OF MACHINERY AND EQUIP

SCHEDULE OF MACHINERY AND EQUIPMENT (Details) - USD ($)	12 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Property, Plant and Equipment [Line Items]
Improvements	$ 233,766	$ 228,201
Machinery and equipment	8,492,395	8,035,223
Furniture and fixtures	1,082,022	1,082,022
Property plant and equipment gross	9,808,183	9,345,446
Less, accumulated depreciation	7,610,864	6,931,913
Property plant and equipment net	$ 2,197,319	$ 2,413,533
Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	15 years
Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	30 years
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	7 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	7 years

MACHINERY AND EQUIPMENT (Detail

MACHINERY AND EQUIPMENT (Details Narrative) - USD ($)	12 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 678,951	$ 680,085

LINE OF CREDIT (Details Narrati

LINE OF CREDIT (Details Narrative) - USD ($)	Mar. 13, 2020	Oct. 31, 2020	Oct. 31, 2019
Bank Line of Credit [Member]
Debt Instrument [Line Items]
Line of credit, maximum principal amount		$ 3,796,822	$ 7,167,740
New Loan Modification Agreement and Credit Facility [Member]
Debt Instrument [Line Items]
Line of credit expire date	Mar. 31, 2022
New Loan Modification Agreement and Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Line of credit interest rate	1.75%
New Loan Modification Agreement and Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit interest rate	3.50%

SCHEDULE OF PROVISION FOR INCOM

SCHEDULE OF PROVISION FOR INCOME TAX (Details) - USD ($)	12 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Current
Federal	$ 187,140	$ 10,172
State and local	62,499	68,974
Total Current	249,639	79,146
Deferred
Federal	(229,355)	(45,323)
State and local	(61,997)	(4,615)
Total Deferred	(291,352)	(49,938)
Income tax (benefit)/expense	$ (41,713)	$ 29,208

SCHEDULE OF EFFECTIVE INCOME TA

SCHEDULE OF EFFECTIVE INCOME TAX RATE (Details) - USD ($)	12 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Income Tax Disclosure [Abstract]
(Benefit) tax at the federal statutory rate	$ (79,329)	$ 61,575
Other permanent differences	52,537	(45,107)
State and local tax, net of federal	(14,921)	12,740
(Benefit) provision for income taxes	$ (41,713)	$ 29,208
Effective income tax rate	11%	10%

SCHEDULE OF DEFERRED TAX ASSETS

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES (Details) - USD ($)	Oct. 31, 2020	Oct. 31, 2019
Deferred tax assets:
Accounts receivable	$ 36,468	$ 36,802
Unrealized loss	140,136
Deferred rent	36,810	49,442
Deferred compensation	70,035	96,720
Net operating loss	70,275	82,973
Stock-based compensation	340,715	121,880
Inventory	87,736	92,656
Total deferred tax asset	782,175	480,473
Deferred tax liability:
Intangible assets acquired	484,932	484,932
Unrealized gain		32,656
Fixed assets	397,650	354,644
Total deferred tax liabilities	$ 882,582	$ 872,232

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($)	12 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Operating Loss Carryforwards [Line Items]
Unrecognized tax benefits	$ 0	$ 0
Accrued interest or penalties	0	0
Net operating loss carryforwards	$ 334,642	$ 395,111
Net operating loss carryforwards expiration year description	begin to expire in 2038
Internal Revenue Service (IRS) [Member]
Operating Loss Carryforwards [Line Items]
Net operating loss carryforwards annual limitation	$ 60,469

SCHEDULE OF OPERATING LEASES (D

SCHEDULE OF OPERATING LEASES (Details) - USD ($)	Oct. 31, 2020	Nov. 01, 2019
Commitments and Contingencies Disclosure [Abstract]
Right-of-use operating lease assets	$ 2,114,228	$ 2,512,022
Current lease liability	484,163
Non-current lease liability	$ 1,780,306	$ 2,705,484
Average remaining lease term	3 years
Discount rate	4.75%

SCHEDULE OF MINIMUM FUTURE LEAS

SCHEDULE OF MINIMUM FUTURE LEASE PAYMENTS (Details)	Oct. 31, 2020 USD ($)
Commitments and Contingencies Disclosure [Abstract]
2021	$ 580,788
2022	535,920
2023	531,807
2024	316,477
2025	168,288
Thereafter	434,744
Total lease payments	2,568,024
Less: imputed interest	(303,555)
Present value of operating lease liabilities	$ 2,264,469

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)				1 Months Ended						12 Months Ended
	Jan. 02, 2021	Jan. 02, 2019	Apr. 02, 2017	Apr. 30, 2018	Apr. 30, 2017	Dec. 31, 2016	Mar. 31, 2015	Oct. 30, 2008	Feb. 28, 2004	Oct. 31, 2020	Oct. 31, 2019
Product Liability Contingency [Line Items]
Total Operating lease Cost										$ 750,172
Cost of goods sold										131,730
Selling and administrative expenses										$ 618,442
Retirement Benefits, Description										The Company has a 401(k) Retirement Plan, which covers all the full time employees who have completed one year of service and have reached their 21st birthday. The Company matches 100% of the aggregate salary reduction contribution up to the first 3% of compensation and 50% of aggregate contribution of the next 2% of compensation.
Aggregate contribution of retirement plan										$ 81,384	$ 89,577
Leasing Agreements [Member]
Product Liability Contingency [Line Items]
Cash payments										597,945
COLORADO
Product Liability Contingency [Line Items]
Monthly rent expenses									$ 8,341
Lease expiration date									Jan. 31, 2024
Operating lease cost										95,504	95,504
NEW YORK
Product Liability Contingency [Line Items]
Lease expiration date								Oct. 31, 2023
Operating lease cost										175,640	143,171
WASHINGTON
Product Liability Contingency [Line Items]
Lease expiration date			Mar. 31, 2021				Mar. 31, 2019
Operating lease cost										41,150	39,960
Burlington [Member]
Product Liability Contingency [Line Items]
Lease expiration date	Dec. 21, 2021	Dec. 31, 2020				Dec. 31, 2018
Operating lease cost										32,924	47,143
MASSACHUSETTS
Product Liability Contingency [Line Items]
Lease expiration date					May 31, 2028
Operating lease cost										235,710	233,754
WISCONSIN
Product Liability Contingency [Line Items]
Lease expiration date				Sep. 30, 2024
Operating lease cost										$ 169,244	$ 117,149

SCHEDULE OF REVENUES BY PRODUCT

SCHEDULE OF REVENUES BY PRODUCT LINE (Details) - USD ($)	12 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Totals	$ 66,031,953	$ 76,607,535
Green Coffee Beans [Member]
Totals	22,303,468	29,269,761
Packaged Coffee [Member]
Totals	43,728,485	47,337,774
Previously Reported [Member]
Totals	74,335,815	86,467,432
Previously Reported [Member] | Green Coffee Beans [Member]
Totals	23,912,022	32,849,195
Previously Reported [Member] | Packaged Coffee [Member]
Totals	$ 50,423,793	$ 53,618,237

ECONOMIC DEPENDENCY restated)_2

ECONOMIC DEPENDENCY restated): (Details Narrative) - USD ($)	12 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Six Vendors [Member]
Concentration Risk [Line Items]
Accounts payable	$ 468,000	$ 1,005,000
Six Customers [Member]
Concentration Risk [Line Items]
Accounts receivable	$ 2,076,000
Five Customers [Member]
Concentration Risk [Line Items]
Accounts receivable		$ 3,109,000
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Six Customers [Member]
Concentration Risk [Line Items]
Concentration risk percentage	26%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Five Customers [Member]
Concentration Risk [Line Items]
Concentration risk percentage		22%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Six Customers [Member]
Concentration Risk [Line Items]
Concentration risk percentage	28%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Five Customers [Member]
Concentration Risk [Line Items]
Concentration risk percentage		33%
Cost of Goods and Service Benchmark [Member] | Supplier Concentration Risk [Member] | Six Vendors [Member]
Concentration Risk [Line Items]
Concentration risk percentage	27%
Accounts Payable [Member] | Supplier Concentration Risk [Member] | Six Vendors [Member]
Concentration Risk [Line Items]
Concentration risk percentage		28%

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)	12 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Contract labor expense	$ 380,838	$ 401,227
Purchases from related party vendor	5,300,000	8,300,000
Accounts payable to related party vendor	0	840,000
Deferred compensation payable	276,548	378,453
Deferred compensation expenses	$ 0	$ 0
Generations Coffee Company, LLC [Member]
Related party transaction percentage	40%

SUMMARY OF STOCK OPTION ACTIVIT

SUMMARY OF STOCK OPTION ACTIVITY (Details) - USD ($)	12 Months Ended
	Oct. 31, 2020	Oct. 31, 2019
Equity [Abstract]
Stock Options, Beginning balance	1,000,000
Stock Options, Exercisable Beginning balance
Exercise Price, Beginning balance	$ 5.43
Exercise Price, Exercisable Beginning balance
Contractual Life (Years), Ending balance	10 years	10 years
Aggregate Intrinsic Value, Beginning balance
Stock Options, Exercised
Exercise Price, Exercised
Stock Options, Cancelled
Exercise Price, Cancelled
Stock Options, Ending balance	1,000,000	1,000,000
Stock Options, Exercisable Ending balance
Exercise Price, Ending balance	$ 5.43	$ 5.43
Exercise Price, Exercisable Ending balance
Aggregate Intrinsic Value, Ending balance
Stock Options, Granted		1,000,000
Exercise Price, Granted		$ 5.43
Contractual Life (Years), Granted		10 years

STOCKHOLDERS_ EQUITY (Details N

STOCKHOLDERS’ EQUITY (Details Narrative) - USD ($)	12 Months Ended
	Oct. 31, 2020	Oct. 31, 2019	Jan. 31, 2020
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Number of treasury stock shares	0	0
Stock options granted		1,000,000
Stock options purchase price per share		$ 5.43
Stock-based compensation	$ 868,477	$ 476,899
Unrecognized stock compensation expense	$ 1,164,894
Board of Directors [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Share-based compensation, options, number of shares authorized			1,000,000
Five Board Members [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Stock options granted		59,000
Stock options purchase price per share		$ 5.43
Stock options expected term		six years
Stock options vesting period		12 months
Stock options aggregate grant date fair value		$ 233,050
Officers and Employees [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Stock options granted		941,000
Stock options purchase price per share		$ 5.43
Stock options expected term		six years
Stock options vesting period		3 years
Stock options aggregate grant date fair value		$ 2,277,220

SCHEDULE OF ASSETS AND LIABILIT

SCHEDULE OF ASSETS AND LIABILITIES MEASURED AT FAIR VALUE (Details) - USD ($)	Oct. 31, 2020	Oct. 31, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets: Money market	$ 276,548	$ 378,453
Assets: Commodities - Futures		159,887
Total Assets	276,548	538,340
Liabilities: Commodities - Futures	(287,850)
Liabilities: Commodities - Options	(164,475)	(58,856)
Total Liabilities	(452,325)	(58,856)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets: Money market	276,548	378,453
Total Assets	276,548	378,453
Liabilities: Commodities - Options
Total Liabilities
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets: Money market
Assets: Commodities - Futures		159,887
Total Assets		159,887
Liabilities: Commodities - Futures	(287,850)
Liabilities: Commodities - Options	(164,475)	(58,856)
Total Liabilities	(452,325)	(58,856)
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Assets: Money market
Total Assets
Liabilities: Commodities - Options
Total Liabilities