Welcome to our dedicated page for Sparta Coml Svcs SEC filings (Ticker: SRCO), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Sparta Commercial Services, Inc. (SRCO) SEC filings page provides access to the company’s regulatory disclosures as a public issuer. Sparta files periodic reports with the U.S. Securities and Exchange Commission that describe its financial condition, operations, risk factors, and corporate structure across its fintech, e-commerce, wellness, and cryptocurrency-related activities.
Investors looking for detailed information on Sparta’s business segments—such as Agoge Global USA’s trade finance platform for Brazilian importers and exporters, municipal leasing programs, mobile app and website services through iMobile Solutions, wellness supplements via New World Health Brands, and cryptocurrency payment solutions including SpartaPayIQ and Sparta Crypto—can review the company’s annual reports on Form 10-K and quarterly reports on Form 10-Q. These filings typically discuss segment operations, key initiatives, and significant partnerships, including the joint venture with WeDev Group Ltda. for blockchain-based cross-border payments.
Sparta also submits other forms as required, such as Form 12b-25 (NT 10-Q) notifications of late filing when additional time is needed to complete quarterly reports. These notices explain why a Form 10-Q could not be filed by the prescribed due date and state the company’s intention to file within the allowed extension period.
On this page, users can review Sparta’s historical and recent SEC filings, while AI-powered tools help summarize long documents and highlight important sections. This includes identifying key points in 10-K and 10-Q reports and making it easier to understand complex disclosures related to trade finance, blockchain usage, municipal leasing, e-commerce operations, wellness products, and cryptocurrency payment services.
Sparta Commercial Services, Inc. reported another quarterly loss while modestly growing revenue. For the three months ended January 31, 2026, revenue rose to $92,162 from $78,998, driven mainly by higher merchant financing fees, but the net loss attributable to common stockholders was $414,058, or $0.01 per share.
For the nine months, revenue increased to $288,157 from $168,357, while the net loss narrowed to $1,423,052 from $1,791,717. The balance sheet remains highly leveraged, with total assets of $932,602 against total liabilities of $12,138,652, including $9,099,205 in notes payable and $967,564 in derivative liabilities. Stockholders’ deficit was $11,206,052 and the accumulated deficit reached $70,342,036.
Management discloses a working capital deficit of $10,467,055, a cash balance of only $70,116, and substantial doubt about the company’s ability to continue as a going concern without additional financing. During the nine months, Sparta raised $215,000 from equity sales and $492,000 from notes, and continued issuing shares for services, debt conversions and penalties, significantly increasing its share count. Internal controls over financial reporting are considered ineffective, with material weaknesses including lack of an audit committee and limited segregation of duties.
Sparta Commercial Services director reports open-market share purchase. Director Jeffrey Buchanan Bean bought 73,000 shares of Sparta Commercial Services common stock on January 16, 2026 at a price of $0.09 per share, in a transaction coded "P" for a purchase. Following this transaction, he directly beneficially owned 1,914,733 shares of the company’s common stock.
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.