EXHIBIT 11.1

Coffee Holding Co., Inc. and Subsidiary

Computation of Per Share Earnings (Loss)

	Years Ended October 31,
	2010		2009
Net income (loss)	$	2,389,361	$	3,291,066
BASIC EARNINGS (LOSS):
Weighted average number of common shares outstanding		5,463,837		5,441,462
Basic earnings (loss) per common share	$	.44	$	.60
DILUTED EARNINGS (LOSS):
Weighted average number of common shares outstanding		5,463,837		5,441,462
Contingent shares – common stock equivalents		10,000		-
Weighted average number of common shares outstanding – as adjusted		5,468,439		5,441,462
Diluted earnings (loss) per common share	$	.44	$	.60