secwatch.observer — SEC 8-K summary
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Issuer:     COFFEE HOLDING CO INC (JVA)
CIK:        0001007019
Form:       8-K
Filed at:   2023-01-25T23:59:59+00:00
Accession:  0001493152-23-002481
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 4.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007019/000149315223002481/0001493152-23-002481-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007019/000149315223002481/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-002481

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