Sparta Commercial Services Inc (SRCO) Financial Statements (2023 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)Annual | Quarterly
| 10/31/2022 Q2 | 7/31/2022 Q1 | 4/30/2022 Q4 | 1/31/2022 Q3 | 10/31/2021 Q2 | 7/31/2021 Q1 | 4/30/2021 Q4 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 1 | 1 | 0 | 31 | 2 | 1 | 0 | ||
| Cash and cash equivalents | 1 | 1 | 0 | 31 | 2 | 1 | 0 | ||
| Receivables | 1 | 3 | 3 | 2 | 2 | 0 | |||
| Inventory, net of allowances, customer advances and progress billings | 4 | 8 | 8 | 10 | 10 | 12 | 14 | ||
| Inventory | 4 | 8 | 8 | 10 | 10 | 12 | 14 | ||
| Other current assets | 5 | ||||||||
| Total current assets: | 7 | 12 | 9 | 43 | 20 | 15 | 15 | ||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | (213) | (213) | (213) | (213) | (213) | ||||
| Deposits noncurrent assets | 9 | 9 | 9 | 9 | 9 | 9 | 9 | ||
| Other noncurrent assets | 10 | 10 | 10 | 10 | |||||
| Other undisclosed noncurrent assets | 213 | 213 | 213 | 213 | 213 | ||||
| Total noncurrent assets: | 9 | 9 | 9 | 19 | 19 | 19 | 19 | ||
| TOTAL ASSETS: | 16 | 21 | 18 | 62 | 38 | 34 | 33 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 3,474 | 4,430 | 4,354 | 3,528 | 4,042 | 3,853 | 3,628 | ||
| Other undisclosed accounts payable and accrued liabilities | 3,474 | 4,430 | 4,354 | 3,528 | 4,042 | 3,853 | 3,628 | ||
| Deferred revenue | 13 | 13 | 13 | 6 | 13 | 13 | 14 | ||
| Debt | 5,462 | 5,452 | 5,392 | 5,372 | 5,602 | 5,114 | 5,089 | ||
| Derivative instruments and hedges, liabilities | 5,925 | 7,874 | 9,550 | 8,288 | 7,078 | 2,301 | 3,447 | ||
| Other undisclosed current liabilities | 264 | 64 | 27 | 50 | 63 | 66 | 49 | ||
| Total current liabilities: | 15,138 | 17,832 | 19,336 | 17,244 | 16,798 | 11,349 | 12,227 | ||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 441 | 440 | 432 | 432 | 432 | 432 | 432 | ||
| Due to related parties | 441 | 440 | 432 | 432 | 432 | 432 | 432 | ||
| Total noncurrent liabilities: | 441 | 440 | 432 | 432 | 432 | 432 | 432 | ||
| Total liabilities: | 15,579 | 18,272 | 19,768 | 17,676 | 17,231 | 11,781 | 12,659 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | (16,554) | (19,239) | (20,735) | (18,585) | (18,180) | (12,735) | (13,613) | ||
| Preferred stock | 16 | ||||||||
| Common stock | 19 | 17 | 15 | 14 | 12 | 12 | 10 | ||
| Common stock, share subscribed but unissued, subscriptions receivable | (1) | ||||||||
| Common stock, value, subscriptions | 11 | 10 | 8 | 23 | |||||
| Additional paid in capital | 53,933 | 53,602 | 53,211 | 52,828 | 51,507 | 51,848 | 51,364 | ||
| Accumulated deficit | (70,531) | (72,883) | (73,985) | (71,466) | (69,738) | (64,613) | (64,993) | ||
| Other undisclosed stockholders' equity attributable to parent | 15 | 15 | 15 | 15 | 22 | 19 | 8 | ||
| Stockholders' equity attributable to noncontrolling interest | 991 | 988 | 984 | 971 | 988 | 987 | 987 | ||
| Total stockholders' equity: | (15,563) | (18,250) | (19,751) | (17,614) | (17,192) | (11,748) | (12,626) | ||
| TOTAL LIABILITIES AND EQUITY: | 16 | 21 | 18 | 62 | 38 | 34 | 33 | ||
Income Statement (P&L) ($ in thousands) Annual | Quarterly
| 10/31/2022 Q2 | 7/31/2022 Q1 | 4/30/2022 Q4 | 1/31/2022 Q3 | 10/31/2021 Q2 | 7/31/2021 Q1 | 4/30/2021 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 56 | 69 | 58 | 121 | 66 | 61 | 65 | |
| Cost of revenue (Cost of Goods and Services Sold) | (12) | (11) | (10) | (19) | (13) | (10) | (8) | |
| Gross profit: | 45 | 58 | 49 | 102 | 53 | 51 | 57 | |
| Operating expenses | (305) | (573) | (624) | (590) | (257) | (250) | (232) | |
| Operating loss: | (260) | (515) | (575) | (488) | (204) | (200) | (175) | |
| Nonoperating income (expense) | 2,615 | 1,620 | (1,562) | (1,240) | (4,920) | 579 | 384 | |
| Other undisclosed income from continuing operations before equity method investments, income taxes | 300 | |||||||
| Income (loss) from continuing operations before income taxes: | 2,355 | 1,105 | (2,136) | (1,728) | (5,124) | 380 | 510 | |
| Other undisclosed loss from continuing operations | (364) | (300) | ||||||
| Income (loss) before gain (loss) on sale of properties: | 2,355 | 1,105 | (2,500) | (1,728) | (5,124) | 380 | 209 | |
| Other undisclosed net income | 364 | |||||||
| Net income (loss): | 2,355 | 1,105 | (2,136) | (1,728) | (5,124) | 380 | 209 | |
| Net income (loss) attributable to noncontrolling interest | (3) | (4) | (13) | 15 | 0 | 0 | (6) | |
| Other undisclosed net income (loss) attributable to parent | 3 | 4 | (8) | 99 | ||||
| Net income (loss) attributable to parent: | 2,355 | 1,105 | (2,158) | (1,614) | (5,124) | 380 | 203 | |
| Preferred stock dividends and other adjustments | (0) | |||||||
| Other undisclosed net income (loss) available to common stockholders, basic | (3) | 0 | (130) | |||||
| Net income (loss) available to common stockholders, diluted: | 2,352 | 1,105 | (2,157) | (1,744) | (5,124) | 380 | 203 | |
Comprehensive Income ($ in thousands)Annual | Quarterly
| 10/31/2022 Q2 | 7/31/2022 Q1 | 4/30/2022 Q4 | 1/31/2022 Q3 | 10/31/2021 Q2 | 7/31/2021 Q1 | 4/30/2021 Q4 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 2,355 | 1,105 | (2,136) | (1,728) | (5,124) | 380 | 209 | |
| Comprehensive income (loss): | 2,355 | 1,105 | (2,136) | (1,728) | (5,124) | 380 | 209 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (3) | (4) | (13) | 15 | 0 | 0 | (6) | |
| Comprehensive income (loss), net of tax, attributable to parent: | 2,352 | 1,101 | (2,149) | (1,713) | (5,124) | 380 | 203 | |
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.