Exhibit 11.1

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