Coffee Holding Company, Inc. reported unaudited consolidated earnings results for the year ended Oct. 31, 2013. For the year, the company reported net loss attributable to company of $1,480,235 or $0.23 per diluted share on net sales of $133,980,759 compared to net income attributable to company of $2,485,677 or $0.37 per diluted share on net sales of $173,656,215 reported a year ago.

Loss from operations was $1,552,829 compared to income from operations of $4,399,664 reported a year ago. Loss before income taxes and non-controlling interest in subsidiary was $1,480,235 compared to income before income taxes and non-controlling interest in subsidiary of $4,054,779 reported a year ago. Net cash used in operating activities was $3,276,259 compared to net cash provided by operating activities of $8,026,512 reported a year ago.

Purchases of machinery and equipment were $768,029 compared to $569,899 reported a year ago. The decrease in net income reflects the increased realized loss and decreased unrealized gains on hedging activities during the fiscal year. The decrease in net sales reflects an approximate 60% lower commodity price during the fiscal year which resulted in a decrease in the price per pound of coffee sold.