**Coffee      Holding Co., Inc.**

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

**(Unaudited)**

|                                                                                                 |   | **Nine                Months Ended****July                31**, |          | **Three                Months Ended****July                31,** |   |
|------------------------------------------------------------------------------------------------------|--------|-----------------------------------------------------------------|---------------|------------------------------------------------------------------|--------|
|                                                                                                 |   |
|                                                                                                 |   | **2007**                                                        |          | 2006                                                             |   | **2007** |   | 2006 |   |
| **Net                Income (Loss)**                                                                 |   | **$**                                                           | **1,019,248** |                                                             | $      | 414,854 |   | **$** | **370,656** |   | $ | 179,450 |   |
|                                                                                                 |   |                                                            |          |                                                             |   |   |   |   |   |   |   |   |   |
| **BASIC                EARNINGS:**                                                                   |   |                                                            |          |                                                             |   |   |   |   |   |   |   |   |   |
| **Weighted                average number of common shares outstanding**                              |   |                                                            | **5,528,708** |                                                             |   | 5,529,830 |   |   | **5,528,708** |   |   | 5,529,830 |   |
|                                                                                                 |   |                                                            |          |                                                             |   |   |   |   |   |   |   |   |   |
| **Basic                earnings (loss) per common share**                                            |   | **$**                                                           | **.18**       |                                                             | $      | .08 |   | **$** | **.07** |   | $ | .03 |   |
|                                                                                                 |   |                                                            |          |                                                             |   |   |   |   |   |   |   |   |   |
| **DILUTED                EARNINGS:**                                                                 |   |                                                            |          |                                                             |   |   |   |   |   |   |   |   |   |
| **Weighted                average number of common shares outstanding**                              |   |                                                            | **5,528,708** |                                                             |   | 5,529,830 |   |   | **5,528,708** |   |   | 5,529,830 |   |
| **Warrants                - common stock equivalents**                                               |   |                                                            | **0**         |                                                             |   | 0 |   |   | **0** |   |   | 0 |   |
|                                                                                                 |   |                                                            |          |                                                             |   |   |   |   |   |   |   |   |   |
| **Weighted                average number of common shares outstanding - as                adjusted** |   |                                                            | **5,528,708** |                                                             |   | 5,529,830 |   |   | **5,528,708** |   |   | 5,529,830 |   |
|                                                                                                 |   |                                                            |          |                                                             |   |   |   |   |   |   |   |   |   |
| **Diluted                earnings (loss) per common share**                                          |   | **$**                                                           | **.18**       |                                                             | $      | .08 |   | **$** | **.07** |   | $ | .03 |   |

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