For the quarter ending 2025-10-31, SRCO made $465,415 in revenue. -$526,666 in net income. Net profit margin of -113.16%.
| Income Statement | 2025-10-31 | 2025-07-31 | 2025-04-30 | 2025-01-31 |
|---|---|---|---|---|
| Preferred dividend | - | 0 | - | - |
| Total revenue | 99,307 | 96,688 | 67,187 | 78,998 |
| Less cost of goods sold | 8,797 | 8,472 | 7,493 | 7,448 |
| Rent and lease | - | 18,000 | 18,000 | 18,000 |
| Gross profit | 90,510 | 88,216 | 59,694 | 71,550 |
| Compensation and related costs | 158,290 | 193,649 | 171,733 | 128,027 |
| Accounting and legal fees | 26,035 | 29,525 | 7,739 | 11,300 |
| Warrant expense | - | - | 0 | - |
| Consulting fees | 118,790 | 66,865 | 172,100 | 58,085 |
| Extinguishment of liabilities | - | - | 0 | - |
| Rent and lease | 18,000 | - | - | - |
| Extinguishment of convertible debt | - | - | 0 | - |
| General office expenses | 43,570 | 59,510 | 56,795 | 41,858 |
| Discount (commitment shares) | - | - | 0 | - |
| Total operating expenses | 364,685 | 367,549 | 426,367 | 257,270 |
| Financing costs | - | - | - | 40,347 |
| Loss in changes in fair value of derivative liability | - | -36,686 | 198,613.5 | - |
| Loss from operations | -274,175 | -279,333 | -366,673 | -185,720 |
| Commission on municipal bonds | 1,423 | 9,624 | 3,002 | 8,842 |
| Interest expense on notes | 175,004 | 167,796 | 164,202.25 | - |
| Loss (gain) in changes in fair value of derivative liability | -69,877 | - | - | -188,916 |
| Other income | -1,901 | -200 | 2,998.75 | - |
| Total other (income) expense | -245,359 | -195,058 | 40,412 | -220,421 |
| Net loss | -519,534 | -474,391 | -326,261 | -406,141 |
| Net profit (loss) attributable to minority shareholder | 7,132 | -7,938 | 5,656 | 4,871 |
| Net loss attributed to common stockholders | -526,666 | -482,329 | -331,917 | -411,012 |
| Net loss attributable to sparta commercial services, inc. common stockholders, basic | -0.01 | -0.01 | -0.01 | -0.01 |
| Net loss attributable to sparta commercial services, inc. common stockholders, diluted | -0.01 | -0.01 | -0.01 | -0.01 |
| Weighted average shares outstanding, basic | 42,662,492 | 40,733,568 | -62,683,482 | 32,540,194 |
| Weighted average shares outstanding, diluted | 42,662,492 | 40,733,568 | -62,683,482 | 32,540,194 |
SPARTA COMMERCIAL SERVICES, INC. (SRCO)
SPARTA COMMERCIAL SERVICES, INC. (SRCO)