Sparta Commercial Services Inc (SRCO) Financial Statements (2024 and earlier)

Company Profile

Business Address 555 FIFTH AVENUE
NEW YORK, NY 10017
State of Incorp.
Fiscal Year End April 30
Industry (SIC) 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

1/31/2024
MRQ
4/30/2023
4/30/2022
4/30/2021
4/30/2020
4/30/2019
4/30/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments400 01
Cash and cash equivalents400 01
Receivables  0134
Inventory, net of allowances, customer advances and progress billings 8142310 
Inventory 8142310 
Other current assets    02 
Total current assets:491525155
Noncurrent Assets
Property, plant and equipment (213)(213)  02
Deposits noncurrent assets999999
Other noncurrent assets   10101010
Other undisclosed noncurrent assets 213213    
Total noncurrent assets:9919191921
TOTAL ASSETS:131833443425
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,6984,3543,6283,4283,9713,533
Other undisclosed accounts payable and accrued liabilities1,6984,3543,6283,4283,9713,533
Deferred revenue  1314161821
Debt6,7495,3925,0894,9454,1184,464
Derivative instruments and hedges, liabilities1,3769,5503,4472,8023,4973,503
Other undisclosed current liabilities22749   
Total current liabilities:9,82419,33612,22711,19111,60311,520
Noncurrent Liabilities
Long-term debt and lease obligation      
Long-term debt, excluding current maturities      
Liabilities, other than long-term debt  432432432432430
Due to related parties 432432432432430
Other undisclosed noncurrent liabilities436     
Total noncurrent liabilities:436432432432432430
Other undisclosed liabilities    121212
Total liabilities:10,26019,76812,65911,63512,04811,963
Equity
Equity, attributable to parent, including:(11,216)(20,735)(13,613)(12,566)(12,975)(12,880)
Common stock231510627627621
Common stock, share subscribed but unissued, subscriptions receivable   (1)(85)(81)(76)
Common stock, value, subscriptions248    
Additional paid in capital54,87253,21151,36449,40748,21646,635
Accumulated deficit(66,151)(73,985)(64,993)(62,702)(61,915)(60,226)
Other undisclosed equity, attributable to parent15158187178165
Equity, attributable to noncontrolling interest969984987974961943
Other undisclosed equity      
Total equity:(10,247)(19,751)(12,626)(11,592)(12,014)(11,937)
Other undisclosed liabilities and equity      
TOTAL LIABILITIES AND EQUITY:131833443425

Income Statement (P&L) ($ in thousands)

1/31/2024
TTM
4/30/2023
4/30/2022
4/30/2021
4/30/2020
4/30/2019
4/30/2018
Revenues257245260321385446
Cost of revenue
(Cost of Goods and Services Sold)
(43)(42)(61)(60)(30)(43)
Other undisclosed gross profit      
Gross profit:214203199261355403
Operating expenses1,604(1,471)(1,395)(1,053)(1,202)(1,245)
Other undisclosed operating loss(3,207)     
Operating loss:(1,390)(1,267)(1,196)(792)(847)(842)
Nonoperating income (expense)2,419(7,721)(1,095)(19)8231,959
Other nonoperating income (expense)  128(6)(13)(18)
Interest and debt expense   (519)(1,839)(1,080)
Income (loss) from continuing operations before income taxes:1,030(8,989)(2,291)(1,330)(1,863)36
Other undisclosed income (loss) from continuing operations    557193(2,837)
Income (loss) from continuing operations:1,030(8,989)(2,291)(773)(1,670)(2,801)
Loss before gain (loss) on sale of properties:(8,989)(2,291)(773)(1,669)(2,811)
Income (loss) from discontinued operations     1(10)
Other undisclosed net loss (0)  (1) 
Net income (loss):1,030(8,989)(2,291)(773)(1,670)(2,811)
Net income (loss) attributable to noncontrolling interest(9)3(13)(13)(18)(28)
Other undisclosed net income (loss) attributable to parent (8) (1)(1)28
Net income (loss) attributable to parent:1,020(8,994)(2,303)(787)(1,689)(2,811)
Preferred stock dividends and other adjustments   (0)(1)(1)(1)
Other undisclosed net loss available to common stockholders, basic     (28)
Net income (loss) available to common stockholders, diluted:1,020(8,994)(2,304)(788)(1,690)(2,840)

Comprehensive Income ($ in thousands)

1/31/2024
TTM
4/30/2023
4/30/2022
4/30/2021
4/30/2020
4/30/2019
4/30/2018
Net income (loss):1,030(8,989)(2,291)(773)(1,670)(2,811)
Comprehensive income (loss):1,030(8,989)(2,291)(773)(1,670)(2,811)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(9)3(13)(13)(18)(28)
Comprehensive income (loss), net of tax, attributable to parent:1,020(8,986)(2,303)(786)(1,688)(2,839)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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