Coffee Holding Co., Inc.

Computation of Per Share Earnings

Exhibit 11.1

	Years Ended October 31,
	2007		2006		2005
Net Income (Loss)	$	937,316	$	700,082	$	1,185,135
BASIC EARNINGS:
Weighted average number of common
Shares outstanding		5,525,408		5,529,830		4,721,327
Basic earnings (loss) per common share	$	.17	$	.13	$	.25
DILUTED EARNINGS:
Weighted average number of common
Shares outstanding		5,525,408		5,529,830		4,721,327
Warrants - common stock equivalents		70,000		70,000		55,430
Weighted average number of common
Shares outstanding - as adjusted		5,595,408		5,599,830		4,776,757
Diluted earnings (loss) per common share	$	.17	$	.13	$	.25