| Balance Sheets | 2025-07-31 | |||
|---|---|---|---|---|
| Cash and cash equivalents | 45,332 | |||
| Accounts receivable | 4,993 | |||
| Inventory | 4,607 | |||
| Other current assets | 786,314 | |||
| Total current assets | 841,246 | |||
| Rent deposit | 9,000 | |||
| Total assets | 850,246 | |||
| Accounts payable and accrued expenses | 1,362,297 | |||
| Short term loan | 1,585 | |||
| Current portion notes payable | 8,394,053 | |||
| Derivative liabilities | 1,044,284 | |||
| Total current liabilities | 10,802,219 | |||
| Loans payable-related parties-Related Party | 639,748 | |||
| Notes payable- net of current portion | 302,315 | |||
| Total long term liabilities | 942,063 | |||
| Total liabilities | 11,744,282 | |||
| Preferred stock d, 2,000,000 shares have been designated as series d redeemable, convertible preferred, 0.001 par value, with a liquidation and redemption value of 1.00 per share, 773,548 and 773,548 shares issued and outstanding as of july 31, 2025, and april 30, 2025, respectively-Series AConvertible Preferred Stock | 12,500 | |||
| Preferred stock d, 2,000,000 shares have been designated as series d redeemable, convertible preferred, 0.001 par value, with a liquidation and redemption value of 1.00 per share, 773,548 and 773,548 shares issued and outstanding as of july 31, 2025, and april 30, 2025, respectively-Series CRedeemable Convertible Preferred Stock | 1,953 | |||
| Preferred stock d, 2,000,000 shares have been designated as series d redeemable, convertible preferred, 0.001 par value, with a liquidation and redemption value of 1.00 per share, 773,548 and 773,548 shares issued and outstanding as of july 31, 2025, and april 30, 2025, respectively-Series DRedeemable Convertible Preferred Stock | 774 | |||
| Common stock, 0.001 par value 750,000,000 shares authorized, and 41,502,464 and 40,133,669 shares issued and outstanding as of july 31, 2025, and april 30, 2025, respectively | 41,503 | |||
| Common stock to be issued 34,201,299 and 33,612,875 as of july 31, 2025, and april 30, 2025, respectively | 34,202 | |||
| Additional paid-in-capital | 57,392,957 | |||
| Accumulated deficit | -69,401,313 | |||
| Total stockholders deficit | -11,917,424 | |||
| Non-controlling interest | 1,023,388 | |||
| Total deficit | -10,894,036 | |||
| Total liabilities and stockholders deficit | 850,246 | |||
SPARTA COMMERCIAL SERVICES, INC. (SRCO)
SPARTA COMMERCIAL SERVICES, INC. (SRCO)