Coffee Holding Co Inc Files 10-Q for Period Ending Jan 31, 2024

TL;DR

<b>Coffee Holding Co Inc has filed its Q1 2024 10-Q report, detailing financial performance for the period ending January 31, 2024.</b>

AI Summary

COFFEE HOLDING CO INC (JVA) filed a Quarterly Report (10-Q) with the SEC on March 18, 2024. Coffee Holding Co Inc filed a 10-Q for the period ending January 31, 2024. The filing covers the first quarter of the fiscal year. The company's fiscal year ends on October 31st. The filing was made on March 18, 2024. The company was formerly known as Transpacific International Group Corp.

Why It Matters

For investors and stakeholders tracking COFFEE HOLDING CO INC, this filing contains several important signals. This 10-Q filing provides investors with an updated view of Coffee Holding Co Inc's financial health and operational performance for the first quarter of its fiscal year. The report contains crucial financial data, including revenue, net income, and balance sheet information, which are essential for evaluating the company's current standing and future prospects.

Risk Assessment

Risk Level: low — COFFEE HOLDING CO INC shows low risk based on this filing. The filing is a routine quarterly report (10-Q) and does not contain significant new information that would drastically alter the risk profile.

Analyst Insight

Review the detailed financial statements and segment performance within the 10-Q to assess revenue trends and profitability drivers for Coffee Holding Co Inc.

Key Numbers

• 2024-01-31 — Reporting Period End Date (CONFORMED PERIOD OF REPORT)
• 2024-03-18 — Filing Date (FILED AS OF DATE)
• 1031 — Fiscal Year End (FISCAL YEAR END)
• 2090 — Standard Industrial Classification (STANDARD INDUSTRIAL CLASSIFICATION)

Key Players & Entities

• Coffee Holding Co Inc (company) — FILER
• Transpacific International Group Corp (company) — FORMER COMPANY
• NV (company) — STATE OF INCORPORATION
• NY (company) — STATE OF BUSINESS ADDRESS
• Generations Coffee Company LLC (company) — JVA:GenerationsCoffeeCompanyLLCMember

FAQ

Industry Context

Coffee Holding Co Inc operates within the food preparations and kindred products industry, specifically focusing on coffee.

Regulatory Implications

The company is subject to SEC regulations for public filings, including the requirement to submit quarterly reports (10-Q).

What Investors Should Do

1. Analyze the financial statements for revenue and profitability trends.
2. Examine any disclosed business developments or risks in the report.
3. Compare Q1 2024 performance to previous periods.

Key Dates

• 2024-01-31: Quarterly Period End — End of the first fiscal quarter for reporting.
• 2024-03-18: Filing Date — Date the 10-Q was officially filed with the SEC.

Glossary

10-Q

A quarterly report required by the U.S. Securities and Exchange Commission (SEC). (Provides investors with an update on the company's financial performance during the quarter.)

Fiscal Year End

The last day of a company's fiscal year. (Helps in understanding the timing of financial reporting cycles.)

Year-Over-Year Comparison

This filing represents the standard quarterly update for Coffee Holding Co Inc, providing financial data for the period ending January 31, 2024.

Key Financial Figures

• $0.001 — ch registered Common Stock, par value $0.001 per share JVA The Nasdaq Capital Ma

Filing Documents

• form10-q.htm (10-Q) — 498KB
• ex31-1.htm (EX-31.1) — 18KB
• ex32-1.htm (EX-32.1) — 10KB
• 0001493152-24-010340.txt (&nbsp;) — 2736KB
• jva-20240131.xsd (EX-101.SCH) — 21KB
• jva-20240131_cal.xml (EX-101.CAL) — 51KB
• jva-20240131_def.xml (EX-101.DEF) — 59KB
• jva-20240131_lab.xml (EX-101.LAB) — 196KB
• jva-20240131_pre.xml (EX-101.PRE) — 151KB
• form10-q_htm.xml (XML) — 269KB

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS 3 ITEM 2

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 16 ITEM 3

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 22 ITEM 4

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 22 PART II 24 ITEM 1

LEGAL PROCEEDINGS

LEGAL PROCEEDINGS 24 ITEM 1A

RISK FACTORS

RISK FACTORS 24 ITEM 2 UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 24 ITEM 3 DEFAULTS UPON SENIOR SECURITIES 24 ITEM 4 MINE SAFETY DISCLOSURES 24 ITEM 5 OTHER INFORMATION 24 ITEM 6 EXHIBITS 24 2 PART I ITEM 1 – FINANCIAL STATEMENTS. COFFEE HOLDING CO., INC. CONDENSED CONSOLIDATED BALANCE SHEETS JANUARY 31, 2024 AND OCTOBER 31, 2023 January 31, 2024 October 31, 2023 (Unaudited) - ASSETS - CURRENT ASSETS: Cash and cash equivalents $ 2,407,863 $ 2,733,977 Accounts receivable, net of allowances of $ 144,000 for 2024 and 2023 8,070,427 7,983,032 Receivable from sale of investment 450,000 3,150,000 Inventories 17,012,265 18,986,539 Due from broker 902,120 345,760 Prepaid expenses and other current assets 493,519 413,752 Prepaid and refundable income taxes 310,906 365,876 TOTAL CURRENT ASSETS 29,647,100 33,978,936 Building, machinery and equipment, net 3,347,607 3,494,450 Customer list and relationships, net of accumulated amortization of $ 318,008 and $ 310,383 for 2024 and 2023, respectively 177,125 184,750 Trademarks and tradenames 327,000 327,000 Equity method investments 33,652 39,676 Right of use asset 2,655,799 2,696,159 Deferred income tax assets - net 1,254,056 1,341,407 Deposits and other assets 136,162 129,523 TOTAL ASSETS $ 37,578,501 $ 42,191,901 - LIABILITIES AND STOCKHOLDERS' EQUITY - CURRENT LIABILITIES: Accounts payable and accrued expenses $ 4,446,339 $ 5,206,442 Line of credit 4,700,000 9,620,000 Due to broker 1,031,605 292,407 Note payable – current portion 4,200 4,200 Lease liability – current portion 563,474 255,625 TOTAL CURRENT LIABILITIES 10,745,618 15,378,674 Lease liabilities 2,637,535 2,974,579 Note payable – long term 2,071 3,034 Deferred compensation payable 127,162 120,523 TOTAL LIABILITIES 13,512,386 18,476,810 Commitments and Contingencies - - STOCKHOLDERS' EQUITY: Coff

financial statements and related disclosures

financial statements and related disclosures. 10 COFFEE HOLDING CO., INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JANUARY 31, 2024 (UNAUDITED) NOTE 2 - BASIS OF PRESENTATION AND SIGNIFICANT ACCOUNTING POLICY (cont'd): The following table presents revenues by product line in the three months ended January 31, 2024 and 2023 SCHEDULE OF REVENUE January 31, 2024 January 31, 2023 Green $ 7,479,202 $ 7,658,947 Packaged 12,061,200 10,667,167 Totals $ 19,540,402 $ 18,326,114 Revenues $ 19,540,402 $ 18,326,114 NOTE 3 - INVENTORIES : Inventories at January 31, 2024 and October 31, 2023 consisted of the following: SCHEDULE OF INVENTORIES January 31,2024 October 31,2023 Packed coffee $ 3,261,524 $ 3,582,935 Green coffee 11,459,519 13,151,993 Roasters and parts 528,945 537,108 Packaging supplies 1,762,277 1,714,503 Totals $ 17,012,265 $ 18,986,539 Inventories $ 17,012,265 $ 18,986,539 NOTE 4 - COMMODITIES HELD BY BROKER : The Company has used, and intends to continue to use in a limited capacity, short term coffee futures and options contracts primarily for the purpose of partially hedging and minimizing the effects of changing green coffee prices and to reduce cost of sales. The commodities held at broker represent the market value of the Company's trading account, which consists of options and future contracts for coffee held with a brokerage firm. The Company uses options and futures contracts, which are not designated or qualifying as hedging instruments, to partially hedge the effects of fluctuations in the price of green coffee beans. Options and futures contracts are recognized at fair value in the condensed consolidated financial statements with current recognition of gains and losses on such positions. The Company's accounting for options and futures contracts may increase earnings volatility in any particular period. We record all open contract positions on our consolidated balance shee

View Full Filing

View this 10-Q filing on SEC EDGAR