SPARTA COMMERCIAL SERVICES, INC. (SRCO)
2025-07-31 | 2025-01-31 | 2024-10-31 | 2024-07-31 | |
|---|---|---|---|---|
| Total revenue | 96,688 | 78,998 | 47,808 | 41,551 |
| Less cost of goods sold | 8,472 | 7,448 | 4,654 | 8,583 |
| Gross profit | 88,216 | 71,550 | 43,154 | 32,968 |
| Consulting fees | 66,865 | 58,085 | 105,315 | 74,060 |
| Accounting and legal fees | 29,525 | 11,300 | 23,670 | 24,220 |
| General office expenses | 59,510 | 41,858 | 50,999 | 46,352 |
| Rent and lease | 18,000 | 18,000 | 18,000 | 18,000 |
| Compensation and related costs | 193,649 | 128,027 | 174,066 | 214,130 |
| Total operating expenses | 367,549 | 257,270 | 372,050 | 376,762 |
| Loss from operations | -279,333 | -185,720 | -328,896 | -343,794 |
| Other nonoperating income | - | - | 11,995 | - |
| (loss) gain in changes in fair value of derivative liability | - | -188,916 | 99,588 | -378,292 |
| Financing costs | - | 40,347 | 207,976 | 244,934 |
| Other income | -200 | - | - | - |
| Interest expense on notes | 167,796 | - | - | - |
| Loss in changes in fair value of derivative liability | -36,686 | - | - | - |
| Commission on municipal bonds | 9,624 | 8,842 | 7,489 | 2,504 |
| Total other expense | -195,058 | -220,421 | -88,904 | -620,722 |
| Net loss | -474,391 | -406,141 | -417,800 | -964,516 |
| Preferred dividend | - | - | - | - |
| Net profit (loss) attributable to minority shareholder | -7,938 | 4,871 | -268 | -1,343 |
| Net loss attributed to common stockholders | -482,329 | -411,012 | -417,532 | -963,173 |
| Net loss attributable to sparta commercial services, inc. common stockholders, basic | -0.01 | -0.01 | -0.01 | -0.03 |
| Net loss attributable to sparta commercial services, inc. common stockholders, diluted | -0.01 | -0.01 | -0.01 | -0.03 |
| Weighted average shares outstanding, basic | 40,733,568 | 32,540,194 | 35,388,095 | 30,356,923 |
| Weighted average shares outstanding, diluted | 40,733,568 | 32,540,194 | 35,388,095 | 30,356,923 |