---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-002481"
form_type: "8-K"
ticker: "JVA"
cik: "0001007019"
company_name: "COFFEE HOLDING CO INC"
filed_at: "2023-01-25T23:59:59+00:00"
generated_at: "2026-06-20T09:01:01.164929+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Coffee Holding restates FY2020 financials due to $8.3M sales/cost misclassification; material weakness expected

## Summary
- Net sales and cost of sales overstated by ~$8.3M in fiscal 2020; no impact on net income or EPS.
- Prior FY2020 financial statements in Form 10-K for FY2021 should no longer be relied upon.
- Company will file a Form 10-K amendment to restate FY2020 financials as soon as practicable.
- Management expects to report a material weakness in internal control over financial reporting for the non-reliance period.

## SEC filing metadata
- accession: 0001493152-23-002481
- form_type: 8-K
- ticker: JVA
- cik: 0001007019
- company_name: COFFEE HOLDING CO INC
- filed_at: 2023-01-25T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 4.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1007019/000149315223002481/0001493152-23-002481-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1007019/000149315223002481/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-002481
- JSON: https://secwatch.observer/filing/0001493152-23-002481.json
- Plain text: https://secwatch.observer/filing/0001493152-23-002481.txt

## Key facts
- Auditor Changes
  COFFEE HOLDING CO INC reported that prior financial statements should not be relied upon.
  - Action: non reliance
  source text: ill therefore restate its previously filed annual financial statements for the fiscal year ended October 31, 2020, as described further below. The errors and the required restatement had no effect on the Company’s net income or earnings per share or other items in the consolidated statement of operations for the year ended October 31, 2020 nor did it have any impact on the Company’s consolidated balance sheet, consolidated statement of changes in stockholders’ equity, or consolidated statement of cash flows for the year ended October 31, 2020. The effect of these errors is expected to be an overstatement of net sales and cost of sales in the consolidated statement of operations of approximately $8.3 million. Specifically, on January 24, 2023, the Audit Committee of the Board of Directors of the Company concluded, after discussion with the Company’s management, that the Company inaccurate
  evidence_url: https://www.sec.gov/Archives/edgar/data/1007019/000149315223002481/0001493152-23-002481-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.