v3.25.1

Condensed Consolidated Balance Sheets - USD ($)	Jan. 31, 2025	Oct. 31, 2024
CURRENT ASSETS:
Cash and cash equivalents	$ 2,361,218	$ 1,381,023
Accounts receivable, net of allowances for credit losses of $144,000 for 2025 and 2024	11,892,085	9,367,338
Inventories	14,950,743	15,705,984
Due from broker	1,961,826	1,466,059
Prepaid expenses and other current assets	296,098	167,207
Prepaid and refundable income taxes		285,439
TOTAL CURRENT ASSETS	31,461,970	28,373,050
Building, machinery, and equipment, net	3,087,505	3,221,865
Customer list and relationships, net of accumulated amortization of $278,125 and $310,383 for 2025 and 2024, respectively	146,625	154,250
Trademarks and tradenames	327,000	327,000
Equity method investments	39,628	39,651
Right-of-use asset	3,090,156	1,166,537
Deferred income tax assets, net	472,571	592,398
Deposits and other assets	256,228	135,937
TOTAL ASSETS	38,881,683	34,010,688
CURRENT LIABILITIES:
Accounts payable and accrued expenses	5,549,537	5,743,899
Line of credit	2,200,000
Due to broker	547,653	794,804
Lease liabilities - current portion	778,047	307,364
TOTAL CURRENT LIABILITIES	9,075,237	6,846,067
Note payable – long term
Lease liabilities – long term	2,339,034	865,668
Deferred compensation payable	136,589	121,386
TOTAL LIABILITIES	11,550,860	7,833,121
Commitments and Contingencies (Note 9)
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 shares issued for January 31, 2025 and October 31, 2024; 5,708,599 shares outstanding for January 31, 2025 and October 31, 2024	6,634	6,634
Additional paid in capital	19,094,618	19,094,618
Retained earnings	12,863,131	11,709,875
Less: common stock held in treasury, at cost; 925,331 shares for January 31, 2025 and October 31, 2024	(4,633,560)	(4,633,560)
TOTAL STOCKHOLDERS’ EQUITY	27,330,823	26,177,567
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 38,881,683	$ 34,010,688

Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

COFFEE HOLDING CO INC 10-Q