For the quarter ending 2025-10-31, SRCO has $860,561 in assets. $11,922,727 in debts. $33,607 in cash and cash equivalents.
| Balance Sheets | 2025-10-31 | 2025-07-31 | 2025-04-30 | |
|---|---|---|---|---|
| Cash and cash equivalents | 33,607 | 45,332 | 131,003 | |
| Accounts receivable | 6,522 | 4,993 | 5,167 | |
| Inventory | 4,053 | 4,607 | 4,607 | |
| Other current assets | 807,379 | 786,314 | 606,802 | |
| Total current assets | 851,561 | 841,246 | 747,579 | |
| Rent deposit | 9,000 | 9,000 | 9,000 | |
| Total assets | 860,561 | 850,246 | 756,579 | |
| Accounts payable and accrued expenses | 1,371,395 | 1,362,297 | 1,333,852 | |
| Short term loan | 1,585 | 1,585 | 1,585 | |
| Current portion notes payable | 8,642,653 | 8,394,053 | 7,973,762 | |
| Derivative liabilities | 1,114,161 | 1,044,284 | 1,007,598 | |
| Total current liabilities | 11,129,794 | 10,802,219 | 10,316,797 | |
| Loans payable-related parties-Related Party | 643,262 | 639,748 | 636,233 | |
| Notes payable- net of current portion | 149,671 | 302,315 | 396,614 | |
| Note payable long term | - | - | 1,032,847 | |
| Total long term liabilities | 792,933 | 942,063 | - | |
| Total liabilities | 11,922,727 | 11,744,282 | 11,349,644 | |
| Preferred stock, value-Series AConvertible Preferred Stock | 12,500 | 12,500 | 12,500 | |
| Preferred stock, value-Series CRedeemable Convertible Preferred Stock | 1,953 | 1,953 | 1,953 | |
| Preferred stock, value-Series DRedeemable Convertible Preferred Stock | 774 | 774 | 774 | |
| Common stock, 0.001 par value 750,000,000 shares authorized, and 44,573,124 and 40,133,669 shares issued and outstanding as of october31, 2025 and april 30, 2025, respectively | 44,574 | 41,503 | 40,134 | |
| Common stock to be issued 34,772,174 and 33,612,875 as of october 31, 2025 and april 30, 2025, respectively | 34,772 | 34,202 | 33,613 | |
| Additional paid-in-capital | 57,740,720 | 57,392,957 | 57,221,495 | |
| Accumulated deficit | -69,927,979 | -69,401,313 | -68,918,984 | |
| Total deficiency in stockholders equity | -12,092,686 | -11,917,424 | -11,608,515 | |
| Non-controlling interest | 1,030,520 | 1,023,388 | 1,015,450 | |
| Total deficit | -11,062,166 | -10,894,036 | -10,593,065 | |
| Total liabilities and deficit | 860,561 | 850,246 | 756,579 | |
SPARTA COMMERCIAL SERVICES, INC. (SRCO)
SPARTA COMMERCIAL SERVICES, INC. (SRCO)