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Recent SEC Filings
10/2NIKE, Inc.(NKE)10/2DARDEN RESTAURANTS INC(DRI)9/30CONAGRA BRANDS INC.(CAG)9/29Carnival Corp Ltd.(CCL)9/29URANIUM ENERGY CORP(UEC)9/29COPART INC(CPRT)9/24BLACKBERRY Ltd(BB)9/24PAYCHEX INC(PAYX)9/23GENERAL MILLS INC(GIS)9/22ADOBE INC.(ADBE)9/18KROGER CO(KR)10/2NIKE, Inc.(NKE)10/2DARDEN RESTAURANTS INC(DRI)9/30CONAGRA BRANDS INC.(CAG)9/29Carnival Corp Ltd.(CCL)9/29URANIUM ENERGY CORP(UEC)9/29COPART INC(CPRT)9/24BLACKBERRY Ltd(BB)9/24PAYCHEX INC(PAYX)9/23GENERAL MILLS INC(GIS)9/22ADOBE INC.(ADBE)9/18KROGER CO(KR)

SPARTA COMMERCIAL SERVICES, INC. (SRCO)

SPARTA COMMERCIAL SERVICES, INC. (SRCO)

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Balance Sheets Overview

Current Ratio
0.71%
Quick Ratio
0.69%
Cash Ratio
0.46%
Debt to Asset Ratio
13556.89%
Unit: Dollar
Assets Breakdown
    • Cash and cash equivalents
    • Prepaid expenses
    • Rent deposit
    • Others
Liabilities Breakdown
    • Accumulated deficit
    • Additional paid-in-capital
    • Current portion notes payable
    • Others
Balance Sheets
2026-07-31
2026-04-30
2026-01-31
2025-10-31
Merchant advances (less provision of 857,052 and 751,152, respectively)
0
10,447
-
-
Cash and cash equivalents
54,738
118,131
70,116
33,607
Accounts receivable
6,544
6,652
8,032
6,522
Inventory
1,914
1,004
1,473
4,053
Other current assets
-
-
-
807,379
Loans receivable
-
-
843,981
-
Prepaid expenses
21,376
16,500
-
-
Total current assets
84,572
152,734
923,602
851,561
Rent deposit
9,000
9,000
9,000
9,000
Total assets
93,572
161,734
932,602
860,561
Accounts payable and accrued expenses
1,665,087
1,592,603
1,423,522
1,371,395
Short term loan
1,585
1,585
1,585
1,585
Current portion notes payable
9,504,042
9,213,098
8,997,986
8,642,653
Derivative liabilities
756,109
899,335
967,564
1,114,161
Total current liabilities
11,926,823
11,706,621
11,390,657
11,129,794
Loans payable-related parties-Related Party
-
-
-
643,262
Loans payable-related parties
653,690
650,176
646,776
-
Notes payable- net of current portion
104,939
103,048
101,219
149,671
Total long term liabilities
758,629
753,224
747,995
792,933
Total liabilities
12,685,452
12,459,845
12,138,652
11,922,727
Preferred stock value-Series AConvertible Preferred Stock
1
12,500
12,500
12,500
Preferred stock value-Series CRedeemable Convertible Preferred Stock
1,928
1,953
1,953
1,953
Preferred stock value-Series DRedeemable Convertible Preferred Stock
769
769
769
774
Common stock, 0.001 par value 750,000,000 shares authorized, and 54,636,926 and 53,602,565 shares issued and outstanding as of july 31, 2026 and april 30, 2026, respectively
54,638
53,603
45,674
44,574
Common stock to be issued 34,028,221 and 33,612,875 as of april 30, 2026 and april 30, 2025, respectively
-
34,028
35,900
34,772
Common stock to be issued, 35,434,706 and 34,028,221 as of july 31, 2026 and april 30, 2026, respectively
35,435
-
-
-
Additional paid-in-capital
58,857,778
58,606,188
57,999,899
57,740,720
Subscriptions receivable
-250,000
-250,000
-
-
Accumulated deficit
-72,289,995
-71,790,476
-70,342,036
-69,927,979
Total deficiency in stockholders equity
-13,589,446
-13,331,435
-12,245,341
-12,092,686
Non-controlling interest
997,566
1,033,324
1,039,289
1,030,520
Total deficit
-12,591,880
-12,298,111
-11,206,052
-11,062,166
Total liabilities and deficit
93,572
161,734
932,602
860,561
Unit: Dollar. Numbers labeled with * are estimated quarterly values.

Time Plot

Show the time plot by selecting a row from the table.

Balance Sheets

SRCO Balance Sheet Sankey DiagramSankey diagram visualizing SRCO balance sheet for the periodCash and cashequivalents$54,738 (20.75%↑ Y/Y)Prepaid expenses$21,376 Accounts receivable$6,544 (31.06%↑ Y/Y)Inventory$1,914 (-58.45%↓ Y/Y)Total current assets$84,572 (-89.95%↓ Y/Y)Rent deposit$9,000 (0.00%↑ Y/Y)Accumulated deficit-$72,289,995 (-4.16%↓ Y/Y)Subscriptions receivable-$250,000 Total assets$93,572 (-88.99%↓ Y/Y)Total deficiency instockholders equity-$13,589,446 (-14.03%↓ Y/Y)Additionalpaid-in-capital$58,857,778 (2.55%↑ Y/Y)Common stock, 0.001 parvalue 750,000,000...$54,638 (31.65%↑ Y/Y)Common stock to beissued, 35,434,706 and...$35,435 Preferred stockvalue-Series CRedeemable...$1,928 (-1.28%↓ Y/Y)Preferred stockvalue-Series DRedeemable...$769 (-0.65%↓ Y/Y)Preferred stockvalue-Series AConvertible...$1 (-99.99%↓ Y/Y)Total liabilities anddeficit$93,572 (-88.99%↓ Y/Y)Total deficit-$12,591,880 (-15.59%↓ Y/Y)Non-controlling interest$997,566 (-2.52%↓ Y/Y)Total liabilities$12,685,452 (8.01%↑ Y/Y)Total currentliabilities$11,926,823 (10.41%↑ Y/Y)Total long termliabilities$758,629 (-19.47%↓ Y/Y)Current portion notespayable$9,504,042 (13.22%↑ Y/Y)Accounts payable andaccrued expenses$1,665,087 (22.23%↑ Y/Y)Derivative liabilities$756,109 (-27.60%↓ Y/Y)Short term loan$1,585 (0.00%↑ Y/Y)Loanspayable-related parties$653,690 Notes payable- net ofcurrent portion$104,939 (-65.29%↓ Y/Y)