Every 10-Q that SPARTA COMML SVCS INC (SRCO) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SRCO and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SRCO filings page.
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, 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.