v3.26.1
Consolidated Statement of Operations - USD ($)
12 Months Ended
Apr. 30, 2026
Apr. 30, 2025
Revenue    
Total Revenue $ 345,312 $ 235,544
Less Cost of goods sold 28,126 28,178
Gross profit 317,186 207,366
Operating expenses:    
Compensation and related costs 996,275 687,956
Accounting and legal Fees 105,305 66,929
Consulting fees 283,194 409,560
Rent and lease 72,000 72,000
Provision for credit losses 751,152
General office expenses 221,787 196,004
Total operating expenses 2,429,713 1,432,449
Loss from operations (2,112,527) (1,225,083)
Other income (expense):    
Commission on Municipal Bonds (13,350) (21,837)
Interest Expense on notes 858,807 656,809
Loss (gain) in changes in fair value of derivative liability (108,264) 266,658
Other income 3,898 (11,995)
Total other (income) expense 741,091 889,635
Net loss (2,853,618) (2,114,718)
Net profit (loss) attributable to minority shareholder 17,874 8,916
Preferred dividend
Net  loss attributed to common stockholders $ (2,871,492) $ (2,123,634)
Basic and diluted loss per share:    
Loss from continuing operations attributable to Sparta Commercial Services, Inc. common stockholders, basic $ (0.06) $ (0.06)
Loss from continuing operations attributable to Sparta Commercial Services, Inc. common stockholders, diluted (0.06) (0.06)
Net loss attributable to Sparta Commercial Services, Inc. common stockholders, basic (0.06) (0.06)
Net loss attributable to Sparta Commercial Services, Inc. common stockholders, diluted $ (0.06) $ (0.06)
Weighted average shares outstanding, basic 45,051,366 35,601,730
Weighted average shares outstanding, diluted 45,051,366 35,601,730
Information Technology [Member]    
Revenue    
Total Revenue $ 141,138 $ 118,266
Wellness Products [Member]    
Revenue    
Total Revenue 30,916 37,767
Merchant Financing [Member]    
Revenue    
Total Revenue $ 173,258 $ 79,511