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SPARTA COMMERCIAL SERVICES, INC. (SRCO)
SPARTA COMMERCIAL SERVICES, INC. (SRCO)
Income Statement
|
Cash Flow
|
Balance Sheet
|
Ratios
Cash Flow Overview
Change in Cash
-$12,872
Unit: Dollar
Positive Cash Flow Breakdown
Accounts payable and accrued exp...
Provision for credit losses
Net proceeds from notes payable
Others
Negative Cash Flow Breakdown
Net loss
Other assets
Loss (gain)from change in fair v...
Others
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Page 1
Annual
123
Page 1
Cash Flow
2026-04-30
2025-04-30
Extinguishment of convertible notes payable
-
0
Net loss
-2,853,618
-2,114,718
Loss (gain)from change in fair value of derivative liabilities
108,264
-266,658
Non-cash financing cost
25,364
-
Shares issued for services
166,945
232,856
Expense recognition of stock options
251,532
-
Provision for credit losses
751,152
-
Default shares issued
157,246
-
Accounts receivable
1,485
-1,557
Inventory
-3,603
1,603
Shares issued as note holder incentive
-
18,895
Prepaid expenses
16,500
-
Financing cost
-
56,928
Other assets
154,797
606,802
Conversion of notes payable to equity
-
85,000
Accounts payable and accrued expenses
999,250
831,552
Change in related parties
-
0
Net cash used in operating activities
-779,572
-1,229,677
Bank overdraft
-
0
Proceeds from sale of stock
265,000
764,571
Repayment of related party loans
-
844
Net proceeds from notes payable
592,000
525,000
Conversion of promissory notes
-
0
Repayments of notes payable
90,300
29,000
Net cash provided by financing activities
766,700
1,259,727
Cash flows from investing activities
-
0
Net (decrease) increase in cash
-12,872
30,050
Cash and cash equivalents, beginning of period
131,003
-
Cash and cash equivalents , end of period
118,131
-
Page 1
Unit: Dollar.
Page 1
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Time Plot
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Cash Flow
Net proceeds from
notes payable
$592,000
(12.76%↑ Y/Y)
Proceeds from sale of
stock
$265,000
(-65.34%↓ Y/Y)
Net cash provided by
financing activities
$766,700
(-39.14%↓ Y/Y)
Canceled cashflow
$90,300
Net (decrease)
increase in cash
-$12,872
(-142.84%↓ Y/Y)
Canceled cashflow
$766,700
Accounts payable and
accrued expenses
$999,250
(20.17%↑ Y/Y)
Provision for credit
losses
$751,152
Expense recognition of
stock options
$251,532
Shares issued for
services
$166,945
(-28.31%↓ Y/Y)
Default shares issued
$157,246
Non-cash financing cost
$25,364
Inventory
-$3,603
(-324.77%↓ Y/Y)
Repayments of notes payable
$90,300
(211.38%↑ Y/Y)
Net cash used in
operating activities
-$779,572
(36.60%↑ Y/Y)
Canceled cashflow
$2,355,092
Net loss
-$2,853,618
(-34.94%↓ Y/Y)
Other assets
$154,797
(-74.49%↓ Y/Y)
Loss (gain)from
change in fair value of...
$108,264
(140.60%↑ Y/Y)
Prepaid expenses
$16,500
Accounts receivable
$1,485
(195.38%↑ Y/Y)
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