**Coffee      Holding Co., Inc.**

**Computation      of Per Share Earnings (Loss)**

**(Unaudited)      **

|                                                        |   | **Nine                Months Ended****July                31**, |          | **Three                Months Ended****July,                31** |   |
|-------------------------------------------------------------|--------|-----------------------------------------------------------------|---------------|------------------------------------------------------------------|--------|
|                                                        |   |
|                                                        |   | **2006**                                                        |          | 2005                                                             |   | **2006** |   | 2005 |   |
| **Net                Income (Loss)**                        |   | **$**                                                           | **414,854**   |                                                             | $      | 552,760 |   | **$** | **179,450** |   | $ | (447,875 | ) |
|                                                        |   |                                                            |          |                                                             |   |   |   |   |   |   |   |   |   |
| **BASIC                EARNINGS:**                          |   |                                                            |          |                                                             |   |   |   |   |   |   |   |   |   |
| **Weighted                average number of common**        |   |                                                            |          |                                                             |   |   |   |   |   |   |   |   |   |
| **Shares                outstanding**                       |   |                                                            | **5,529,830** |                                                             |   | 4,448,864 |   |   | **5,529,830** |   |   | 5,332,664 |   |
|                                                        |   |                                                            |          |                                                             |   |   |   |   |   |   |   |   |   |
| **Basic                earnings (loss) per common share**   |   | **$**                                                           | **.08**       |                                                             | $      | .12 |   | **$** | **.03** |   | $ | (.08 | ) |
|                                                        |   |                                                            |          |                                                             |   |   |   |   |   |   |   |   |   |
| **DILUTED                EARNINGS:**                        |   |                                                            |          |                                                             |   |   |   |   |   |   |   |   |   |
| **Weighted                average number of common**        |   |                                                            |          |                                                             |   |   |   |   |   |   |   |   |   |
| **Shares                outstanding**                       |   |                                                            | **5,529,830** |                                                             |   | 4,448,864 |   |   | **5,529,830** |   |   | 5,332,664 |   |
| **Warrants                - common stock equivalents**      |   |                                                            | **0**         |                                                             |   | 59,893 |   |   | **0** |   |   | 0 |   |
|                                                        |   |                                                            |          |                                                             |   |   |   |   |   |   |   |   |   |
| **Weighted                average number of common**        |   |                                                            |          |                                                             |   |   |   |   |   |   |   |   |   |
| **Shares                outstanding - as adjusted**         |   |                                                            | **5,529,830** |                                                             |   | 4,508,757 |   |   | **5,529,830** |   |   | 5,332,664 |   |
|                                                        |   |                                                            |          |                                                             |   |   |   |   |   |   |   |   |   |
| **Diluted                earnings (loss) per common share** |   | **$**                                                           | **.08**       |                                                             | $      | .12 |   | **$** | **.03** |   | $ | (.08 | ) |
|                                                        |   |                                                            |          |                                                             |   |   |   |   |   |   |   |   |   |