What changed in this filing

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Item 1. Financial Statements

2023-09-14 compared with 2023-06-15 · 201 added, 218 removed, 261 unchanged (62% of the section changed)

3 unchanged sentences

31, 2023 AND OCTOBER 31, 2022

July 31, 2023

October 31, 2022

CURRENT ASSETS:

Cash and cash

Accounts receivable, net

of allowances of $ 144,000 for 2023 and 2022

Accounts receivable, net of allowances of $ 144,000 for 2023 and 2022

Due from broker

Prepaid expenses and other

current assets

and refundable income taxes

CURRENT ASSETS

Prepaid expenses and other current assets

Prepaid and refundable income taxes

TOTAL CURRENT ASSETS

Building, machinery and equipment, net

Customer list and relationships, net of accumulated

amortization of $ 295,133 and $ 279,883 for 2023 and 2022, respectively

Customer list and relationships, net of accumulated amortization of $ 302,758 and $ 279,883 for 2023 and 2022, respectively

Trademarks and tradenames

4 unchanged sentences

Deposits and other assets

- LIABILITIES AND STOCKHOLDERS’

- LIABILITIES AND STOCKHOLDERS’ EQUITY -

CURRENT LIABILITIES:

Accounts payable and accrued

Accounts payable and accrued expenses

Line of credit

Cash overdrafts

Due to broker

Note payable – current

liability – current portion

CURRENT LIABILITIES

Note payable – current portion

Lease liability – current portion

TOTAL CURRENT LIABILITIES

Line of credit

1 unchanged sentence

Note payable – long term

Deferred compensation

Deferred compensation payable

TOTAL LIABILITIES

Commitments and Contingencies

4 unchanged sentences

10,000,000 shares authorized;

Common stock, par value

$ .001 per share;

Common stock, par value $ .001 per share;

30,000,000 shares authorized, 6,633,930 shares issued for 2023 and 2022;

5 unchanged sentences

( 4,633,560 )

Total Coffee Holding Co.,

Total Coffee Holding Co., Inc.

Stockholders’ Equity

Noncontrolling

LIABILITIES AND STOCKHOLDERS’ EQUITY

Noncontrolling interest

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

Notes to Condensed Consolidated Financial Statements

1 unchanged sentence

CONSOLIDATED STATEMENTS OF OPERATIONS

AND THREE MONTHS ENDED APRIL 30, 2023 AND 2022

AND THREE MONTHS ENDED JULY 31, 2023 AND 2022

Nine Months Ended

Three Months Ended

COST OF SALES

1 unchanged sentence

Selling and administrative

FROM OPERATIONS

( 1,185,478 )

Officers’ salaries

(LOSS) INCOME FROM OPERATIONS

( 1,588,725 )

1 unchanged sentence

Interest income

Loss from equity method

LOSS BEFORE BENEFIT FOR

INCOME TAXES AND NON-CONTROLLING INTEREST IN SUBSIDIARY

( 1,207,193 )

Loss from equity method investment

Interest expense

(LOSS) INCOME BEFORE BENEFIT FOR INCOME TAXES AND NON-CONTROLLING

INTEREST IN SUBSIDIARY

( 1,359,324 )

for income taxes

NET (LOSS) INCOME BEFORE

NON-CONTROLLING INTEREST IN SUBSIDIARY

(Benefit) provision for income taxes

NET (LOSS) INCOME BEFORE NON-CONTROLLING INTEREST IN SUBSIDIARY

( 1,003,824 )

Net loss attributable to the non-controlling interest

LOSS ATTRIBUTABLE TO COFFEE HOLDING CO., INC.

$ ( 891,943 )

NET (LOSS) INCOME ATTRIBUTABLE TO COFFEE HOLDING CO., INC.

$ ( 1,003,824 )

$ ( 111,881 )

Basic and diluted (loss)

earnings per share

Basic and diluted (loss) income earnings per share

Weighted average common shares outstanding:

Basic and diluted

Notes to Condensed Consolidated Financial Statements

1 unchanged sentence

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

AND SIX MONTHS ENDED APRIL 30, 2023 AND 2022

AND NINE MONTHS ENDED JULY 31, 2023 AND 2022

Treasury Stock

Additional Paid-in

Non- controlling

Balance, October 31, 2021

10 unchanged sentences

$ ( 4,633,560 )

Ending balance,value

Stock Compensation

Balance, July 31, 2022

$ ( 4,633,560 )

5 unchanged sentences

$ ( 244,462 )

Balance, April 30, 2023

$ ( 4,633,560 )

$ ( 244,462 )

Beginning balance, value

1 unchanged sentence

$ ( 244,462 )

Balance, April 30, 2023

Net income loss

Balance, July 31, 2023

$ ( 4,633,560 )

6 unchanged sentences

CONSOLIDATED STATEMENTS OF CASH FLOWS

MONTHS ENDED APRIL 30, 2023 AND 2022

MONTHS ENDED JULY 31, 2023 AND 2022

OPERATING ACTIVITIES:

$ ( 891,943 )

$ ( 696,464 )

Adjustments to reconcile

net (loss) to net cash provided by (used in) operating activities:

Depreciation and amortization

Stock-based compensation

Unrealized loss (gain)

on commodities

Loss on equity method investments

Write-off of accounts receivable

Write-down of obsolete

Amortization of right to

Deferred income taxes

Changes in operating assets

and liabilities:

to reconcile net (loss) to net cash provided by (used in) operating activities:

and amortization

loss (gain) on commodities

Loss on equity

method investments

of accounts receivable

of obsolete inventory

of right to use asset

Deferred income

operating assets and liabilities:

Accounts receivable

Prepaid expenses and other

current assets

Prepaid and refundable

Prepaid expenses

and other current assets

refundable income taxes

Lease liability

Deposits and other assets

Accounts payable and accrued

( 1,730,244 )

( 2,423,835 )

Accounts payable

and accrued expenses

taxes payable

cash provided by (used in) operating activities

( 1,496,738 )

INVESTING ACTIVITIES:

2 unchanged sentences

FINANCING ACTIVITIES:

Advances under bank line

Advances under

bank line of credit

Cash overdraft

Principal payments on note

Payment of dividend

payments on note payable

payments under bank line of credit

( 1,728,783 )

cash (used in) provided by financing activities

( 1,672,910 )

NET (DECREASE) INCREASE

( 1,047,861 )

CASH, BEGINNING OF

CASH, END OF PERIOD

NET DECREASE IN CASH

BEGINNING OF PERIOD

END OF PERIOD

Notes to Condensed Consolidated Financial Statements

1 unchanged sentence

CONSOLIDATED STATEMENTS OF CASH FLOWS

MONTHS ENDED APRIL 30, 2023 AND 2022

SUPPLEMENTAL DISCLOSURE

OF CASH FLOW DATA:

SUPPLEMENTAL DISCLOSURE

OF NON-CASH INVESTING AND FINANCING ACTIVITIES:

Purchase of inventory

by non-controlling interest

Initial recognition of

operating lease right of use asset

MONTHS ENDED JULY 31, 2023 AND 2022

SUPPLEMENTAL DISCLOSURE OF CASH FLOW DATA:

Interest paid

Income taxes paid

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:

Purchase of inventory by non-controlling interest

Initial recognition of operating lease right of use asset

Notes to Condensed Consolidated Financial Statements

8 unchanged sentences

categories (“product lines”) as follows:

Green Coffee:

Wholesale Green Coffee:

unroasted raw beans imported from around the world and sold to large and small roasters and coffee shop operators;

Label Coffee:

coffee roasted, blended, packaged and sold under the specifications and names of others, including supermarkets

that want to have their own brand name on coffee to compete with national brands;

coffee roasted and blended to the Company’s own specifications and packaged and sold under the Company’s

eight proprietary and licensed brand names in different segments of the market.

Private Label Coffee:

roasted, blended, packaged and sold under the specifications and names of others, including supermarkets that want to have their

own brand name on coffee to compete with national brands;

Branded Coffee:

roasted and blended to the Company’s own specifications and packaged and sold under the Company’s eight proprietary and

licensed brand names in different segments of the market.

Company’s private label and branded coffee sales are primarily to customers that are located throughout the United States with

23 unchanged sentences

TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

2 - BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICY :

2 – GOING CONCERN, BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING

accompanying condensed consolidated financial statements have been prepared assuming that the Company will continue as a going

concern, which contemplates continuity of operations, realization of assets and liquidation of liabilities in the normal course of

Company prepared a forecast representing their business plans for fiscal 2024.

However, the Company has yet to achieve increased revenues

at higher margins and there is no assurance they will be successful.

The line of credit expires within 12 months and there have been

no discussions with the financial institution to extend the line of credit ($ 9 million at July 31, 2023).

Company’s ability to execute its operating plan through fiscal 2024 and beyond depends on its ability to renew or replace its line

The Company expects to renew the line of credit or, if necessary, seek alternative financing on similar terms.

no assurance that the Company will be able to renew the line of credit in a timely manner and or that any such renewal will contain commercially

acceptable terms.

Therefore, as of July 31, 2023, the Company has concluded there is substantial doubt about their ability to continue

as a going concern.

The financial statements do not include any adjustments related to the recoverability and classification of recorded

asset amounts or the amounts and classification of liabilities that might be necessary should the Company be unable to continue as a going

of Presentation

Company’s fiscal year ends on October 31, of each calendar year.

The accompanying interim condensed consolidated financial

statements are unaudited and have been prepared on substantially the same basis as our annual consolidated financial statements for

the fiscal year ended October 31, 2022.

In the opinion of the Company’s management, these interim condensed consolidated

financial statements reflect all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair

statement of our financial position, results of operations and cash flows for the periods presented.

The preparation of financial

statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that

affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the

condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods.

results could differ from these estimates.

The October 31, 2022 year-end condensed consolidated balance sheet data in this document

was derived from audited consolidated financial statements.

These condensed consolidated financial statements and notes included in

this quarterly report on Form 10-Q does not include all disclosures required by U.S.

generally accepted accounting principles

GAAP”) and should be read in conjunction with the Company’s audited consolidated financial statements as of

and for the year ended October 31, 2022 and notes thereto included in the Company’s fiscal 2022 Annual Report on Form 10-K,

filed with the Securities and Exchange Commission (“SEC”) on March 29, 2023 (the “2022 10-K”).

of operations and cash flows for the interim periods included in these condensed consolidated financial statements are not

necessarily indicative of the results to be expected for any future period or the entire fiscal year.

condensed consolidated financial statements include the accounts of the Company, the Company’s subsidiaries, Organic Products Trading

Company, LLC (“OPTCO”), Sonofresco, LLC (“SONO”), Comfort Foods, Inc.

(“CFI”) and Generations Coffee

Company, LLC (“GCC”), the entity formed as a result of the Company’s joint venture with Caruso’s Coffee, Inc.

The Company owns a 60 % equity interest in GCC.

The accompanying interim condensed consolidated financial statements

are unaudited and have been prepared on substantially the same basis as our annual consolidated financial statements for the fiscal year

ended October 31, 2022.

In the opinion of the Company’s management, these interim condensed consolidated financial statements reflect

all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair statement of our financial position,

results of operations and cash flows for the periods presented.

The preparation of financial statements in conformity with generally

accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities

and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts

of revenue and expenses during the reporting periods.

Actual results could differ from these estimates.

The October 31, 2022 year-end

condensed consolidated balance sheet data in this document was derived from audited consolidated financial statements.

These condensed

consolidated financial statements and notes included in this quarterly report on Form 10-Q do not include all disclosures required by

generally accepted accounting principles (“U.S.

GAAP”) and should be read in conjunction with the Company’s audited

consolidated financial statements as of and for the year ended October 31, 2022 and notes thereto included in the Company’s fiscal

2022 Annual Report on Form 10-K, filed with the Securities and Exchange Commission (“SEC”) on March 29, 2023 (the “2022

The results of operations and cash flows for the interim periods included in these condensed consolidated financial statements

are not necessarily indicative of the results to be expected for any future period or the entire fiscal year.

condensed consolidated financial statements include the accounts of its subsidiaries, namely, Organic Products Trading Company, LLC (“OPTCO”),

Sonofresco, LLC (“SONO”), Comfort Foods, Inc.

(“CFI”) and Generations Coffee Company, LLC (“GCC”),

the entity formed as a result of the Company’s joint venture with Caruso’s Coffee, Inc.

The Company owns a 60 % equity interest

All significant inter-company transactions and balances have been eliminated in consolidation.

1 unchanged sentence

significant accounting policies used in the preparation of these condensed consolidated financial statements are disclosed in our 2022

10-K, and there have been no changes to the Company’s significant accounting policies during the three and six months ended April

Company recognizes revenue in accordance with the five-step model as prescribed by the Financial Accounting Standards Board (“FASB”)

Accounting Codification (“ASC”) Topic 606 (“ASC 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 ASC 606, the Company performs the following five steps:

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.

10-K, and there have been no changes to the Company’s significant accounting policies during the three and nine months ended July

Company recognizes revenue in accordance with the five-step model as prescribed by the Financial Accounting Standards Board

(“FASB”) Accounting Codification (“ASC”) Topic 606, Revenue from Contracts with Customers

(“ASC 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 ASC 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.

HOLDING CO., INC.

TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

2 - BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICY (cont’d):

following table presents revenues by stream for the six and three months ended April 30, 2023 and 2022.

2 - BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICIES (cont’d):

following table presents revenues by stream for the nine and three months ended July 31, 2023 and 2022.:

July 31, 2023

July 31, 2022

3 - INVENTORIES:

at April 30, 2023 and October 31, 2022 consisted of the following:

at July 31, 2023 and October 31, 2022 consisted of the following:

OF INVENTORIES

July 31, 2023

October 31, 2022

Packed coffee

4 unchanged sentences

4 - COMMODITIES HELD BY BROKER:

Company has used, and intends to continue to use in a limited capacity, short term coffee futures and options contracts primarily

for the purpose of partially hedging and minimizing the effects of changing green coffee prices and to reduce cost of sales.

commodities held by broker represent the market value of the Company’s trading account, which consists of options and futures

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.

futures contracts are recognized at fair value in the condensed consolidated financial statements with current recognition of gains

and losses on such positions.

The Company’s accounting for options and futures contracts may increase earnings volatility in

any particular period.

We record all open contract positions on our consolidated balance sheets at fair value in the due from and

due to broker line items and typically do not offset these assets and liabilities.

Company classifies its options and future contracts as trading securities and accordingly, unrealized holding gains and losses are included

in earnings and not reflected as a net amount as a separate component of stockholders’ equity.

Company has used, and intends to continue to use in a limited capacity, short-term coffee futures and options contracts primarily for

the purpose of partially hedging and minimizing the effects of changing green coffee prices and to reduce cost of sales.

The commodities

held by broker represent the market value of the Company’s trading account, which consists of options and futures contracts for

coffee held with a brokerage firm.

The Company uses options and futures contracts, which are not designated or qualifying as hedging

instruments, to partially hedge the effects of fluctuations in the price of green coffee beans.

Options and futures contracts are recognized

at fair value in the condensed consolidated financial statements with current recognition of gains and losses on such positions.

Company’s accounting for options and futures contracts may increase earnings volatility in any particular period.

We record all

open contract positions on our consolidated balance sheets at fair value in the due from and due to broker line items and typically do

not offset these assets and liabilities.

Company classifies its options and futures contracts as trading securities, and accordingly, unrealized holding gains and losses are

included in earnings and not reflected as a net amount as a separate component of stockholders’ equity.

Company recorded realized and unrealized gains and losses respectively, on these contracts as follows:

SCHEDULE OF REALIZED AND UNREALIZED GAINS AND LOSSES ON CONTRACTS

Months Ended April 30,

Three Months Ended July 31,

Gross realized gains

Gross realized losses

Unrealized gain

Unrealized losses

$ ( 130,558 )

1 unchanged sentence

$ ( 130,558 )

Months Ended April 30,

Nine Months Ended July 31,

Gross realized gains

2 unchanged sentences

( 1,257,359 )

Unrealized gain

Unrealized gain (losses)

$ ( 109,535 )

Gain (Loss) on Investments

$ ( 109,535 )

HOLDING CO., INC.

1 unchanged sentence

5 - LINE OF CREDIT:

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”) (later acquired by

Webster Financial Corp.

(“Webster”), 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.

March 17, 2022, the Company reached an agreement for a new loan modification agreement and credit facility which extended the maturity

date to June 29, 2022 .

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”) (later acquired by Webster Financial Corp.

(“Webster”), 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.

March 17, 2022, the Company reached an agreement for a new loan modification agreement and credit facility which extended the

maturity date to June 29, 2022 .

The facility was then approved for a two-year extension.

All other terms of the A&R Loan Agreement and A&R

Loan Facility remained the same.

All other terms of the A&R Loan

Agreement and A&R Loan Facility remained the same.

June 28, 2022, the Company reached an agreement for a new loan modification agreement and credit facility with Webster.

of the new agreement, among other things:

the new agreement, among other things:

(i) provided for a new maturity date of June 30, 2024 , and (ii) changed the interest rate per

17 unchanged sentences

The outstanding balance on the Company’s lines of credit were

$ 7,520,000 and $ 8,314,000 as of April 30, 2023 and October 31, 2022, respectively.

$ 9,020,000 and $ 8,314,000 as of July 31, 2023 and October 31, 2022, respectively.

6 - INCOME TAXES:

7 unchanged sentences

deferred tax assets and liabilities.

of April 30, 2023 and October 31, 2022, the Company did no t have any unrecognized tax benefits or open tax positions.

of July 31, 2023 and October 31, 2022, the Company did not have any unrecognized tax benefits or open tax positions.

The Company’s

practice is to recognize interest and/or penalties related to income tax matters in income tax expense.

As of April 30, 2023 and October

As of July 31, 2023 and October

31, 2022, the Company had no accrued interest or penalties related to income taxes.

14 unchanged sentences

7 - EARNINGS (LOSS) PER SHARE:

Company presents “basic” and “diluted” earnings per common share pursuant to the provisions included in the

authoritative guidance issued by FASB, “Earnings per Share,” and certain other financial accounting pronouncements.

Basic earnings per common share were computed by dividing net (loss) income by the sum of the weighted-average number of common

shares outstanding.

Diluted earnings per common share is computed by dividing the net (loss) income by the weighted-average number

of common shares outstanding plus the dilutive effect of common shares issuable upon exercise of potential sources of

weighted average common shares outstanding used in the computation of basic and diluted earnings per share were 5,708,599 for the six

and three months ended April 30, 2023 and 2022.

Company presents “basic” and “diluted” earnings per common share pursuant to the provisions included in the authoritative

guidance issued by FASB ASC 260, “Earnings per Share,” and certain other financial accounting pronouncements.

Basic earnings

per common share were computed by dividing net (loss) income by the sum of the weighted-average number of common shares outstanding.

Diluted earnings per common share is computed by dividing the net (loss) 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.

weighted average common shares outstanding used in the computation of basic and diluted earnings per share were 5,708,599 for the nine

and three months ended July 31, 2023 and 2022.

The Company had granted 1,000,000 options in the second quarter of 2019, which have not

1 unchanged sentence

8 - COMMITMENTS AND CONTINGENCIES:

ACTION COMPLAINT

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 (the “Court”) on or about December 21, 2020.

The plaintiffs, Eileen Brodsky and Rhonda Diamond, purported to

represent a class of individuals who purchased coffee products at one of our supermarket customers, generally allege that such client

sold private label coffee products manufactured by the Company and one of its partners, which falsely described the number of cups of

coffee that could be made from the amount of product purchased.

These parties were also named as defendants in the action.

The complaint

asserted a variety of claims under New York and California consumer protection laws, and sought 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.

On September 28, 2021, the Court entered an order granting the Company’s motion to dismiss with prejudice (the

“Dismissal Order”).

In the Dismissal Order, the Court stated that no reasonable coffee drinker would be deceived by the Company’s

The plaintiffs filed an appeal with the 7 th Circuit Court of Appeals (the “Appeal”).

After the Appeal

was filed, the Company settled the matter during mediation in late January 2022 and the Appeal was dismissed.

HOLDING CO., INC.

TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

8 - COMMITMENTS AND CONTINGENCIES (cont’d):

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 the Company

sold to the customer.

The plaintiff, David Cohen, purported to represent a class of individuals who purchased coffee products from the

Company’s customer, generally alleged 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 was not named as a defendant

in the action, but the Company agreed to indemnify the customer for the costs and expenses incurred in defending the lawsuit and for

any liability the customer suffered as a result.

The complaint asserted a variety of claims under Massachusetts consumer protection laws,

and sought unspecified monetary damages as well as other forms of relief including class certification, declaratory and injunctive relief,

attorneys’ fees, and interest.

The parties finalized the details of a settlement agreement and the final settlement amount was

immaterial to the Company’s operations and results of operations.

Company has a 401(k) Retirement Plan, which covers all the full time employees who have completed one year of service and have reached

10 unchanged sentences

Total lease liability

amortization of the right-of-use asset for the three months ended April 30, 2023 and 2022 was $ 80,180 and $ 77,268 , respectively.

amortization of the right-of-use asset for the six months ended April 30, 2023 and 2022 was $ 159,843 and $ 179,949 , respectively.

Weighted average remaining lease term

amortization of the right-of-use asset for the three months ended July 31, 2023 and 2022 was $ 80,662 and $ 78,079 , respectively.

The amortization

of the right-of-use asset for the nine months ended July 31, 2023 and 2022 was $ 240,504 and $ 258,028 , respectively.

Weighted average remaining

Weighted average discount rate

2 unchanged sentences

Total lease payments

imputed interest

( 1,096,350 )

value of operating lease liabilities

10 unchanged sentences

10 - RELATED PARTY TRANSACTIONS:

Company has engaged its 40 %

former partner in Generation Coffee Company LLC (“GCC”) as an outside contractor (the “Partner”).

in contract labor expense are expenses incurred by the Partner during the three and six months ended April 30, 2023 and 2022 of

and $ 152,471 ,

respectively, for the processing of finished goods.

Company has engaged its 40 % former partner in Generation Coffee Company LLC (“GCC”) as an outside contractor (the “Partner”).

Included in contract labor expense are expenses incurred by the Partner during the three and nine months ended July 31, 2023 and 2022

of $ 0 and $ 56,851 and $ 58,490 and $ 210,961 , respectively, for the processing of finished goods.

January 2005, the Company established the “Coffee Holding Co., Inc.

7 unchanged sentences

the liability due to the Chief Executive Officer of the Company.

The assets were $ 144,390 and $ 243,238 at April 30, 2023 and October

The assets were $ 131,296 and $ 243,238 at July 31, 2023 and October 31,

2022, respectively, and are included in the Deposits and other assets in the accompanying balance sheets.

The deferred compensation

liability at April 30, 2023 and October 31, 2022 were $ 144,390 and $ 243,238 , respectively.

The deferred compensation liability

at July 31, 2023 and October 31, 2022 were $ 131,296 and $ 243,238 , respectively.

11 - STOCKHOLDERS’ EQUITY:

2 unchanged sentences

the last-in, first-out method.

The Company did not purchase any shares during the three and six months ended April 30, 2023 and the

The Company did not purchase any shares during the three and nine months ended July 31, 2023 and the

year ended October 31, 2022.

4 unchanged sentences

the Administrator at the time of grant.

No options were granted, forfeited or expired during the three and six months ended April

No options were granted, forfeited or expired during the three and nine months ended July

31, 2023 or for the year ended October 31, 2022.

Company recorded $ 0 stock-based compensation for the three and six months ended April 30, 2023 and $ 174,241 and $ 364,009 for the

three and six months ended April 30, 2022.

recorded $ 0 stock-based compensation for the three and nine months ended July 31, 2023 and $ 41,812 and $ 405,821 for the three and

nine months ended July 31, 2022.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements