For the quarter ending 2026-01-31, SRCO has $932,602 in assets. $12,138,652 in debts. $70,116 in cash and cash equivalents.
| Balance Sheets | 2026-01-31 | 2025-10-31 | 2025-07-31 | 2025-04-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 70,116 | 33,607 | 45,332 | 131,003 |
| Other current assets | - | 807,379 | 786,314 | 606,802 |
| Accounts receivable | 8,032 | 6,522 | 4,993 | 5,167 |
| Inventory | 1,473 | 4,053 | 4,607 | 4,607 |
| Loans receivable | 843,981 | - | - | - |
| Total current assets | 923,602 | 851,561 | 841,246 | 747,579 |
| Rent deposit | 9,000 | 9,000 | 9,000 | 9,000 |
| Total assets | 932,602 | 860,561 | 850,246 | 756,579 |
| Accounts payable and accrued expenses | 1,423,522 | 1,371,395 | 1,362,297 | 1,333,852 |
| Short term loan | 1,585 | 1,585 | 1,585 | 1,585 |
| Current portion notes payable | 8,997,986 | 8,642,653 | 8,394,053 | 7,973,762 |
| Derivative liabilities | 967,564 | 1,114,161 | 1,044,284 | 1,007,598 |
| Total current liabilities | 11,390,657 | 11,129,794 | 10,802,219 | 10,316,797 |
| Loans payable-related parties-Related Party | - | 643,262 | 639,748 | 636,233 |
| Loans payable-related parties | 646,776 | - | - | - |
| Notes payable- net of current portion | 101,219 | 149,671 | 302,315 | 396,614 |
| Note payable long term | - | - | - | 1,032,847 |
| Total long term liabilities | 747,995 | 792,933 | 942,063 | - |
| Total liabilities | 12,138,652 | 11,922,727 | 11,744,282 | 11,349,644 |
| Preferred stock, value-Series AConvertible Preferred Stock | 12,500 | 12,500 | 12,500 | 12,500 |
| Preferred stock, value-Series CRedeemable Convertible Preferred Stock | 1,953 | 1,953 | 1,953 | 1,953 |
| Preferred stock, value-Series DRedeemable Convertible Preferred Stock | 769 | 774 | 774 | 774 |
| Common stock, 0.001 par value 750,000,000 shares authorized, and 45,673,996 and 40,133,669 shares issued and outstanding as of january 31, 2026 and april 30, 2025, respectively | 45,674 | 44,574 | 41,503 | 40,134 |
| Common stock to be issued 35,899,343 and 33,612,875 as of january 31, 2026 and april 30, 2025, respectively | 35,900 | 34,772 | 34,202 | 33,613 |
| Additional paid-in-capital | 57,999,899 | 57,740,720 | 57,392,957 | 57,221,495 |
| Accumulated deficit | -70,342,036 | -69,927,979 | -69,401,313 | -68,918,984 |
| Total deficit in stockholders equity | -12,245,341 | -12,092,686 | -11,917,424 | -11,608,515 |
| Non-controlling interest | 1,039,289 | 1,030,520 | 1,023,388 | 1,015,450 |
| Total stockholders deficit | -11,206,052 | -11,062,166 | -10,894,036 | -10,593,065 |
| Total liabilities and stockholders deficit | 932,602 | 860,561 | 850,246 | 756,579 |
SPARTA COMMERCIAL SERVICES, INC. (SRCO)
SPARTA COMMERCIAL SERVICES, INC. (SRCO)