**Coffee      Holding Co., Inc.**

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

**(Unaudited)**

|                                                        |   | **Six                Months Ended****April                30**, |          | **Three                Months Ended****April,                30** |   |
|-------------------------------------------------------------|--------|-----------------------------------------------------------------|---------------|-------------------------------------------------------------------|--------|
|                                                        |   | **2007**                                                        |          | 2006                                                              |   | **2006** |   | 2006 |   |
| **Net                Income (Loss)**                        |   | **$**                                                           | **648,592**   |                                                              | $      | 235,404 |   | **$** | **338,888** |   | $ | (284,234 | ) |
|                                                        |   |                                                            |          |                                                              |   |   |   |   |   |   |   |   |   |
| **BASIC                EARNINGS:**                          |   |                                                            |          |                                                              |   |   |   |   |   |   |   |   |   |
| **Weighted                average number of common**        |   |                                                            |          |                                                              |   |   |   |   |   |   |   |   |   |
| **Shares                outstanding**                       |   |                                                            | **5,529,830** |                                                              |   | 5,529,830 |   |   | **5,529,830** |   |   | 5,529,830 |   |
|                                                        |   |                                                            |          |                                                              |   |   |   |   |   |   |   |   |   |
| **Basic                earnings (loss) per common share**   |   | **$**                                                           | **.12**       |                                                              | $      | .04 |   | **$** | **.06** |   | $ | (.05 | ) |
|                                                        |   |                                                            |          |                                                              |   |   |   |   |   |   |   |   |   |
| **DILUTED                EARNINGS:**                        |   |                                                            |          |                                                              |   |   |   |   |   |   |   |   |   |
| **Weighted                average number of common**        |   |                                                            |          |                                                              |   |   |   |   |   |   |   |   |   |
| **Shares                outstanding**                       |   |                                                            | **5,529,830** |                                                              |   | 5,529,830 |   |   | **5,529,830** |   |   | 5,529,830 |   |
| **Warrants                - common stock equivalents**      |   |                                                            | **70,000**    |                                                              |   | 65,030 |   |   | **0** |   |   | 0 |   |
|                                                        |   |                                                            |          |                                                              |   |   |   |   |   |   |   |   |   |
| **Weighted                average number of common**        |   |                                                            |          |                                                              |   |   |   |   |   |   |   |   |   |
| **Shares                outstanding - as adjusted**         |   |                                                            | **5,599,830** |                                                              |   | 5,594,860 |   |   | **5,529,830** |   |   | 5,529,830 |   |
|                                                        |   |                                                            |          |                                                              |   |   |   |   |   |   |   |   |   |
| **Diluted                earnings (loss) per common share** |   | **$**                                                           | **.12**       |                                                              | $      | .04 |   | **$** | **.06** |   | $ | (.05 | ) |
|                                                        |   |                                                            |          |                                                              |   |   |   |   |   |   |   |   |   |

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