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Balance Sheets Overview

Current Ratio
1.30%
Quick Ratio
1.30%
Cash Ratio
1.01%
Debt to Asset Ratio
7703.91%
Unit: Dollar
Assets Breakdown
    • Cash and cash equivalents
    • Prepaid expenses
    • Merchant advances (less provisio...
    • Others
Liabilities Breakdown
    • Accumulated deficit
    • Additional paid-in-capital
    • Current portion notes payable
    • Others
Balance Sheets
2026-04-30
2025-04-30
Cash and cash equivalents
118,131
131,003
Other current assets
-
606,802
Accounts receivable
6,652
5,167
Inventory
1,004
4,607
Prepaid expenses
16,500
-
Merchant advances (less provision of 751,152)
10,447
-
Total current assets
152,734
747,579
Rent deposit
9,000
9,000
Total assets
161,734
756,579
Accounts payable and accrued expenses
1,592,603
1,333,852
Short term loan
1,585
-
Current portion notes payable
9,213,098
7,973,762
Short term loan
-
1,585
Derivative liabilities
899,335
1,007,598
Total current liabilities
11,706,621
10,316,797
Loans payable-related parties
650,176
-
Notes payable- net of current portion
103,048
396,614
Loans payable-related parties-Related Party
-
636,233
Note payable long term
-
1,032,847
Total long term liabilities
753,224
-
Total liabilities
12,459,845
11,349,644
Preferred stock value-Series AConvertible Preferred Stock
12,500
12,500
Preferred stock value-Series CRedeemable Convertible Preferred Stock
1,953
1,953
Preferred stock value-Series DRedeemable Convertible Preferred Stock
769
774
Common stock, 0.001 par value 750,000,000 shares authorized, and 53,602,565 and 40,133,669 shares issued and outstanding as of april 30, 2026 and april 30, 2025, respectively
53,603
40,134
Common stock to be issued 34,028,221 and 33,612,875 as of april 30, 2026 and april 30, 2025, respectively
34,028
33,613
Additional paid-in-capital
58,606,188
57,221,495
Subscriptions receivable
-250,000
-
Accumulated deficit
-71,790,476
-68,918,984
Total deficiency in stockholders equity
-13,331,435
-11,608,515
Non-controlling interest
1,033,324
1,015,450
Total deficit
-12,298,111
-10,593,065
Total liabilities and deficit
161,734
756,579
Unit: Dollar.

Time Plot

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Balance Sheets

Cash and cashequivalents$118,131 (-9.83%↓ Y/Y)Prepaid expenses$16,500 Merchant advances (lessprovision of 751,152)$10,447 Accounts receivable$6,652 (28.74%↑ Y/Y)Inventory$1,004 (-78.21%↓ Y/Y)Total current assets$152,734 (-79.57%↓ Y/Y)Rent deposit$9,000 (0.00%↑ Y/Y)Accumulated deficit-$71,790,476 (-4.17%↓ Y/Y)Subscriptions receivable-$250,000 Total assets$161,734 (-78.62%↓ Y/Y)Total deficiency instockholders equity-$13,331,435 (-14.84%↓ Y/Y)Additionalpaid-in-capital$58,606,188 (2.42%↑ Y/Y)Common stock, 0.001 parvalue 750,000,000...$53,603 (33.56%↑ Y/Y)Common stock to beissued 34,028,221 and...$34,028 (1.23%↑ Y/Y)Preferred stockvalue-Series AConvertible...$12,500 (0.00%↑ Y/Y)Preferred stockvalue-Series CRedeemable...$1,953 (0.00%↑ Y/Y)Preferred stockvalue-Series DRedeemable...$769 (-0.65%↓ Y/Y)Total liabilities anddeficit$161,734 (-78.62%↓ Y/Y)Total deficit-$12,298,111 (-16.10%↓ Y/Y)Non-controlling interest$1,033,324 (1.76%↑ Y/Y)Total liabilities$12,459,845 (9.78%↑ Y/Y)Total currentliabilities$11,706,621 (13.47%↑ Y/Y)Total long termliabilities$753,224 Current portion notespayable$9,213,098 (15.54%↑ Y/Y)Accounts payable andaccrued expenses$1,592,603 (19.40%↑ Y/Y)Derivative liabilities$899,335 (-10.74%↓ Y/Y)Short term loan$1,585 (0.00%↑ Y/Y)Loanspayable-related parties$650,176 Notes payable- net ofcurrent portion$103,048 (-74.02%↓ Y/Y)

SPARTA COMMERCIAL SERVICES, INC. (SRCO)

SPARTA COMMERCIAL SERVICES, INC. (SRCO)