Exhibit 11.1

Coffee Holding Co., Inc. and Subsidiary

Computation of Per Share Earnings (Loss)

	Years Ended October 31,
	2009		2008
Net income (loss)	$	3,291,066	$	(2,597,294	)
BASIC EARNINGS (LOSS):
Weighted average number of common shares outstanding		5,441,462		5,476,173
Basic earnings (loss) per common share	$	.60	$	(.47	)
DILUTED EARNINGS (LOSS):
Weighted average number of common shares outstanding		5,441,462		5,476,173
Warrants – common stock equivalents		-		-
Weighted average number of common shares outstanding – as adjusted		5,441,462		5,476,173
Diluted earnings (loss) per common share	$	.60	$	(.47	)