v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Jul. 31, 2025
Jul. 31, 2024
Revenue    
Total Revenue $ 96,688 $ 41,551
Less Cost of goods sold (8,472) (8,583)
Gross profit 88,216 32,968
Operating expenses:    
Compensation and related costs 193,649 214,130
Accounting and legal Fees 29,525 24,220
Consulting fees 66,865 74,060
Rent and lease 18,000 18,000
General office expenses 59,510 46,352
Total operating expenses 367,549 376,762
Loss from operations (279,333) (343,794)
Other (income) expense:    
Commission on Municipal Bonds (9,624) (2,504)
Interest Expense on notes 167,796 244,934
Loss in changes in fair value of derivative liability 36,686 378,292
Other income 200
Total other expense 195,058 620,722
Net loss (474,391) (964,516)
Net profit (loss) attributable to minority shareholder 7,938 (1,343)
Preferred dividend
Net loss attributed to common stockholders $ (482,329) $ (963,173)
Basic and diluted loss per share:    
Loss from continuing operations attributable to Sparta Commercial Services, Inc. common stockholders, basic $ (0.01) $ (0.03)
Loss from continuing operations attributable to Sparta Commercial Services, Inc. common stockholders, diluted (0.01) (0.03)
Net loss attributable to Sparta Commercial Services, Inc. common stockholders, basic (0.01) (0.03)
Net loss attributable to Sparta Commercial Services, Inc. common stockholders, diluted $ (0.01) $ (0.03)
Weighted average shares outstanding, basic 40,733,568 30,356,923
Weighted average shares outstanding, diluted 40,733,568 30,356,923
Information Technology [Member]    
Revenue    
Total Revenue $ 32,768 $ 34,344
Wellness Products [Member]    
Revenue    
Total Revenue 11,330 5,062
Merchant Financing [Member]    
Revenue    
Total Revenue $ 52,590 $ 2,145