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
SIC 7389 - Business Services, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments310 01334
Cash and cash equivalents310 01334
Receivables301344 
Inventory, net of allowances, customer advances and progress billings10142310   
Inventory10142310   
Other current assets  02   
Other undisclosed current assets      8
Total current assets:431525155741
Noncurrent Assets
Property, plant and equipment(213)  0247
Deposits noncurrent assets999998080
Other noncurrent assets10101010101010
Other undisclosed noncurrent assets213      
Total noncurrent assets:19191919219496
TOTAL ASSETS:6233443425100138
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:3,5283,6283,4283,9713,5332,9652,132
Other undisclosed accounts payable and accrued liabilities3,5283,6283,4283,9713,5332,9652,132
Deferred revenue61416182122
Debt5,3725,0894,9454,1184,4644,2643,394
Derivative instruments and hedges, liabilities8,2883,4472,8023,4973,5032,5342,171
Deferred revenue and credits  23
Other undisclosed current liabilities5049     
Total current liabilities:17,24412,22711,19111,60311,5209,7857,720
Noncurrent Liabilities
Long-term debt and lease obligation      97
Long-term debt, excluding current maturities      97
Liabilities, other than long-term debt432432432432430419396
Due to related parties432432432432430419396
Total noncurrent liabilities:432432432432430419493
Other undisclosed liabilities  1212121215
Total liabilities:17,67612,65911,63512,04811,96310,2168,227
Stockholders' equity
Stockholders' equity attributable to parent, including:(18,585)(13,613)(12,566)(12,975)(12,880)(11,030)(8,090)
Preferred stock     13 
Common stock1410627627621583420
Common stock, share subscribed but unissued, subscriptions receivable (1)(85)(81)(76)(23)(10)
Common stock, value, subscriptions23      
Additional paid in capital52,82851,36449,40748,21646,63545,73745,473
Accumulated deficit(71,466)(64,993)(62,702)(61,915)(60,226)(57,386)(54,758)
Other undisclosed stockholders' equity attributable to parent15818717816547785
Stockholders' equity attributable to noncontrolling interest971987974961943915 
Other undisclosed stockholders' equity      (754)
Total stockholders' equity:(17,614)(12,626)(11,592)(12,014)(11,937)(10,115)(8,843)
Other undisclosed liabilities and equity      754
TOTAL LIABILITIES AND EQUITY:6233443425100138

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

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Revenues312260321385446548636
Revenue, net  636
Cost of revenue
(Cost of Goods and Services Sold)
(50)(61)(60)(30)(43)(50)(111)
Gross profit:262199261355403498525
Operating expenses(1,329)(1,395)(1,053)(1,202)(1,245)(1,483)(2,681)
Operating loss:(1,067)(1,196)(792)(847)(842)(985)(2,157)
Nonoperating income (expense)(5,196)(1,095)(19)8231,9591,586(3,372)
Other nonoperating income (expense)128(6)(13)(18)(11) 
Interest and debt expense  (519)(1,839)(1,080)(742)(959)
Other undisclosed income from continuing operations before equity method investments, income taxes300      
Income (loss) from continuing operations before equity method investments, income taxes:(5,963)(2,291)(1,330)(1,863)36(140)(6,487)
Other undisclosed income from continuing operations before income taxes      959
Income (loss) from continuing operations before income taxes:(5,963)(2,291)(1,330)(1,863)36(140)(5,529)
Other undisclosed income (loss) from continuing operations(300) 557193(2,837)(2,431) 
Loss from continuing operations:(6,263)(2,291)(773)(1,670)(2,801)(2,571)(5,529)
Income (loss) from discontinued operations   1(10)(33)(29)
Loss before gain (loss) on sale of properties:(6,263)(2,291)(773)(1,669)(2,811)(2,604)(5,558)
Other undisclosed net loss   (1)   
Net loss:(6,263)(2,291)(773)(1,670)(2,811)(2,604)(5,558)
Net income (loss) attributable to noncontrolling interest10(13)(13)(18)(28)(23)(21)
Other undisclosed net income (loss) attributable to parent99 (1)(1)28 (1)
Net loss attributable to parent:(6,154)(2,303)(787)(1,689)(2,811)(2,627)(5,580)
Preferred stock dividends and other adjustments(0)(0)(1)(1)(1)(1)(1)
Other undisclosed net loss available to common stockholders, basic(130)   (28)  
Net loss available to common stockholders, diluted:(6,284)(2,304)(788)(1,690)(2,840)(2,628)(5,581)

Comprehensive Income ($ in thousands)

1/31/2022
TTM
4/30/2021
4/30/2020
4/30/2019
4/30/2018
4/30/2017
4/30/2016
Net loss:(6,263)(2,291)(773)(1,670)(2,811)(2,604)(5,558)
Comprehensive loss:(6,263)(2,291)(773)(1,670)(2,811)(2,604)(5,558)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest10(13)(13)(18)(28)(23)(21)
Comprehensive loss, net of tax, attributable to parent:(6,253)(2,303)(786)(1,688)(2,839)(2,627)(5,579)

Statements sources

The financial statements are based on the company's filings with the 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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