Sparta Commercial Services Inc (SRCO)

Name: Sparta Commercial Services Inc Financial Statements
Creator: Quarter Results

Technology | Software Application

Latest reporting period: 2026-01-31

Latest Quarter

2026-01-31

Revenue

$92.2K

Net Income

-$414K

Operating Margin

-225.9%

Free Cash Flow

-$1.2M

Debt / Assets

1,500.1%

Values are in USD and rounded to the nearest whole number unless noted.

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Income statement quarterly history for Sparta Commercial Services Inc (SRCO).
Income Statement (Quarterly)	2026-01-31	2025-10-31	2025-07-31	2025-01-31
Revenue	92,162	99,307	96,688	78,998
Cost of Revenue	5,490	8,797	8,472	7,448
Gross Profit	86,672	90,510	88,216	71,550
Operating Expenses
R&D Expenses	0	0	0	0
SG&A Expenses	0	364,685	367,549	257,270
Operating Expenses	294,889	364,685	367,549	257,270
Operating Income	-208,217	-274,175	-279,333	-185,720
Interest Expense	345,221	175,004	167,796	40,347
Income Before Tax	-405,288	-519,534	-474,391	-406,141
Income Tax Expense	0	0	0	0
Net Income	-414,058	-526,666	-482,329	-411,012
Per Share
EPS	-0.01	-0.01	-0.01	-0.01
EPS Diluted	0.00	0.00	0.00	0.00

Income statement annual history for Sparta Commercial Services Inc (SRCO).
Income Statement (Annual)	2025-04-30	2024-04-30	2023-04-30	2022-04-30	2021-04-30
Revenue	235,544	192,040	256,906	245,469	259,731
Cost of Revenue	28,178	36,771	42,961	42,161	60,986
Gross Profit	207,366	155,269	213,945	203,308	198,745
Operating Expenses
R&D Expenses	0	0	0	0	0
SG&A Expenses	1,432,449	1,019,762	1,603,600	1,160,621	1,394,881
Operating Expenses	1,432,449	1,019,762	1,603,600	1,470,554	1,394,881
Operating Income	-1,225,083	-864,493	-1,389,655	-1,267,246	-1,196,136
Interest Expense	656,809	580,636	528,176	601,279	723,003
Income Before Tax	-2,114,718	-607,251	1,029,536	-8,988,612	-2,290,720
Income Tax Expense	0	0	537,256	7,122,912	0
Net Income	-2,123,634	-644,490	0	-16,111,524	-2,303,468
Per Share
EPS	-0.07	-0.02	0.00	-1.18	-0.32
EPS Diluted	0.00	0.00	0.00	0.00	0.00

Balance sheet quarterly history for Sparta Commercial Services Inc (SRCO).
Balance Sheet (Quarterly)	2025-04-30	2024-04-30	2023-04-30	2022-04-30
Assets
Cash and Cash Equivalents	131,003	100,953	4,028	317
Short Term Investments	0	0	0	0
Net Receivables	5,167	6,724	0	0
Inventory	4,607	3,004	0	8,422
Total Current Assets	747,579	110,681	4,028	8,739
Property Plant Equipment	0	0	0	0
Goodwill and Intangibles	0	0	0	0
Total Assets	756,579	119,681	13,028	17,739
Liabilities
Account Payables	1,333,852	1,208,194	1,698,457	3,657,392
Short Term Debt	1,585	7,170,066	6,750,239	5,418,871
Total Current Liabilities	10,316,797	9,119,200	9,824,463	19,336,025
Long Term Debt	396,614	637,077	435,753	432,403
Total Liabilities	11,349,644	9,756,278	10,260,216	19,768,428
Shareholders Equity
Retained Earnings	-68,918,984	-66,795,350	-66,150,857	-73,984,686
Total Shareholders Equity	-11,608,515	-10,643,131	-11,216,483	-20,734,864

Balance sheet annual history for Sparta Commercial Services Inc (SRCO).
Balance Sheet (Annual)	2025-04-30	2024-04-30	2023-04-30	2022-04-30	2021-04-30
Assets
Cash and Cash Equivalents	131,003	100,953	4,028	317	396
Short Term Investments	0	0	0	0	0
Net Receivables	5,167	6,724	0	0	469
Inventory	4,607	3,004	0	8,422	13,823
Total Current Assets	747,579	110,681	4,028	8,739	14,688
Property Plant Equipment	0	0	0	0	0
Goodwill and Intangibles	0	0	0	0	0
Total Assets	756,579	119,681	13,028	17,739	33,316
Liabilities
Account Payables	1,333,852	1,208,194	1,698,457	3,657,392	0
Short Term Debt	1,585	7,170,066	6,750,239	5,418,871	5,138,329
Total Current Liabilities	10,316,797	9,119,200	9,824,463	19,336,025	12,226,844
Long Term Debt	396,614	637,077	435,753	432,403	432,403
Total Liabilities	11,349,644	9,756,278	10,260,216	19,768,428	12,659,247
Shareholders Equity
Retained Earnings	-68,918,984	-66,795,350	-66,150,857	-73,984,686	-64,993,250
Total Shareholders Equity	-11,608,515	-10,643,131	-11,216,483	-20,734,864	-13,612,930

Cash flow quarterly history for Sparta Commercial Services Inc (SRCO).
Cash Flow Statement (Quarterly)	2025-04-30	2024-04-30	2023-04-30	2022-04-30
Operating Activities
Net Income	-2,114,718	-644,490	1,020,456	-8,988,614
Depreciation & Amortization	0	0	0	0
Stock Based Compensation	0	0	0	159,009
Change in Working Capital	224,704	-499,993	-1,931,727	710,526
Operating Cash Flow	-1,229,677	-1,214,419	-3,084,763	-1,170,621
Investing Activities
Capital Expenditure	0	0	0	0
Investments	0	0	0	0
Investing Cash Flow	0	0	0	0
Financing Activities
Debt Repayment	495,156	634,575	-1,571,900	-21,839
Common Stock Issued/Repurchased	764,571	476,043	1,516,573	890,000
Dividends Paid	0	0	0	0
Financing Cash Flow	1,259,727	1,311,345	3,088,474	1,170,542
Summary
Free Cash Flow	-1,229,677	-1,214,419	-3,084,763	-1,170,621
Net Change in Cash	30,050	96,925	3,711	-79

Cash flow annual history for Sparta Commercial Services Inc (SRCO).
Cash Flow Statement (Annual)	2025-04-30	2024-04-30	2023-04-30	2022-04-30	2021-04-30
Operating Activities
Net Income	-2,114,718	-644,490	1,020,456	-8,988,614	-2,290,720
Depreciation & Amortization	0	0	0	0	0
Stock Based Compensation	0	0	0	159,009	464,718
Change in Working Capital	224,704	-499,993	-1,931,727	710,526	-290,883
Operating Cash Flow	-1,229,677	-1,214,419	-3,084,763	-1,170,621	-678,387
Investing Activities
Capital Expenditure	0	0	0	0	0
Investments	0	0	0	0	0
Investing Cash Flow	0	0	0	0	0
Financing Activities
Debt Repayment	495,156	634,575	-1,571,900	-21,839	0
Common Stock Issued/Repurchased	764,571	476,043	1,516,573	890,000	235,502
Dividends Paid	0	0	0	0	0
Financing Cash Flow	1,259,727	1,311,345	3,088,474	1,170,542	678,783
Summary
Free Cash Flow	-1,229,677	-1,214,419	-3,084,763	-1,170,621	-678,387
Net Change in Cash	30,050	96,925	3,711	-79	678,783