Sparta Coml Svcs Inc SEC Filings

Sparta Commercial Services, Inc. reported granting a series of unregistered stock options as equity compensation to its leadership, directors, and employees. On January 16, 2026, the company granted its CEO and Vice President of Operations five-year options covering an aggregate of 3,600,000 shares of common stock at an exercise price of $0.14 per share, vesting in three equal annual tranches over three years.

On the same date, each of the two independent directors received five-year options for 350,000 shares at $0.14 per share, also vesting over three years, as compensation for past board service. Employees received additional five-year non-qualified options covering an aggregate of 260,000 shares on the same terms. The exercise price was set at 110% of the closing price of the common stock over the thirty consecutive trading days immediately before the grant date, subject to a minimum trading volume condition.

The company treated these grants as exempt from registration under Section 4(a)(2) of the Securities Act, with recipients representing investment intent and having access to company information through their relationships with Sparta.

Sparta Commercial Services director receives stock options grant. Director Jeffrey Buchanan Bean was awarded a non-qualified stock option for 350,000 shares of Sparta Commercial Services common stock at an exercise price of $0.14 per share on 01/16/2026. Following this grant, he holds 1,841,733 derivative securities related to the company on a direct ownership basis.

The option has a staged vesting schedule: 116,667 options vest immediately, another 116,667 options vest on 01/16/2027, and the remaining 116,666 options vest on 01/16/2028. The option becomes exercisable starting 01/16/2026 and expires on 01/16/2031, giving the director a long-dated incentive tied to the company’s equity performance.

Sparta Commercial Services, Inc. director granted stock options

Sparta Commercial Services, Inc. director Kristian Srb reported receiving a grant of non-qualified stock options on 01/16/2026. The grant covers 350,000 options with an exercise price of $0.14 per share, exercisable into common stock and expiring on 01/16/2031.

According to the vesting schedule, 116,667 options vest immediately, another 116,667 vest on 01/16/2027, and the remaining 116,666 vest on 01/16/2028. Following this award, Srb beneficially owns 2,190,932 derivative securities related to the issuer, held in direct ownership.

Sparta Commercial Services, Inc. insider option grant: Director and Vice President of Operations Sandra L. Ahman, who is also a 10% owner, received a grant of non-qualified stock options on 01/16/2026. The grant covers 1,100,000 options with an exercise price of $0.14 per share and an expiration date of 01/16/2031.

According to the vesting schedule, 366,667 options vest immediately, 366,667 options vest on 01/16/2027, and 366,666 options vest on 01/16/2028. Following this award, Ahman beneficially owns 6,132,560 derivative securities (stock options) directly.

Sparta Commercial Services, Inc. reported that Chief Executive Officer, director, and 10% owner Anthony L. Havens received a grant of 2,500,000 non-qualified stock options on 01/16/2026. The options have an exercise price of $0.14 per share and are tied to the company’s common stock.

According to the vesting terms, 833,334 options vest immediately, another 833,334 options vest on 01/16/2027, and the remaining 833,332 options vest on 01/16/2028. After this grant, Havens beneficially owns 11,367,908 derivative securities related to Sparta Commercial’s equity, held in direct form.

Sparta Commercial Services, Inc. reported higher revenue but continued losses and a deep capital deficit for the quarter and six months ended October 31, 2025. Revenue for the six months rose to $195,995 from $89,359, a 119% increase, driven mainly by higher merchant financing fees and wellness product sales. Gross profit reached $178,726, but operating expenses of $732,234 kept the business unprofitable.

The six‑month net loss attributable to common stockholders narrowed to $1,008,995 from $1,380,705, and basic and diluted loss per share improved to $0.02 from $0.04. Cash declined to $33,607, with operating activities using $541,596 of cash, partly offset by $444,200 from stock sales and new notes. As of October 31, 2025, total assets were $860,561 against total liabilities of $11,922,727, resulting in a stockholders’ deficit of $12,092,686 and a working capital deficit of $10,278,233. The company carries $8,808,323 in notes payable and $1,114,161 of derivative liabilities, and auditors and management highlight substantial doubt about its ability to continue as a going concern.

Sparta Commercial Services, Inc. (SRCO) reported a quarterly 10-Q showing strained liquidity and significant financing activity. The filing discloses a working capital deficit of $9,960,973 and cash and revenue levels that are insufficient to cover operating expenses for the next twelve months, which raises substantial doubt about the company’s ability to continue as a going concern. The balance sheet excerpts show total assets and liabilities line items including common shares outstanding of 41,502,464 as of July 31, 2025, and prior-period comparatives. Notes payable aggregate and current notes figures are disclosed (e.g., $7,973,762 current notes payable) and convertible/non-convertible notes totaling several million dollars. The company issued common stock, warrants and options in various equity transactions and recorded derivative liabilities using Black‑Scholes assumptions including 199% expected volatility. The report also notes significant related-party loans and subsequent issuances of shares for consulting and accredited investor financings.