secwatch.observer — SEC 8-K summary
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Issuer:     COFFEE HOLDING CO INC (JVA)
CIK:        0001007019
Form:       8-K/A
Filed at:   2023-02-28T23:59:59+00:00
Accession:  0001493152-23-006283
Event type: other_material
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 4.02
LLM model:  deepseek-v4-flash:cloud@v2

Coffee Holding expands restatement to FY2019 and interim periods; overstatement of net sales and cost of sales
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- Errors overstate net sales and cost of sales by ~$8.3M for FY2020 and ~$9.9M for FY2019; no impact on net income, EPS, balance sheet, or cash flows.
- Restatement now includes FY2019 and FY2020 annual financials, plus amendments to 2021 quarterly reports for comparative periods.
- Interim overstatements: ~$2.2M (Q1 2020), ~$2.8M (Q2 2020), ~$1.8M (Q3 2020); six-month ~$4.9M, nine-month ~$6.7M.
- Company will amend Form 10-K for FY2020 and FY2019, and Form 10-Qs for periods ended Jan, Apr, Jul 2021.
- Management and Audit Committee discussed with independent auditor Marcum LLP.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1007019/000149315223006283/0001493152-23-006283-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1007019/000149315223006283/form8-ka.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-006283

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