Sparta Commercial Services (SRCO) 10-K 17 Aug 23 2023 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Apr. 30, 2023	Aug. 17, 2023
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Apr. 30, 2023
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--04-30
Entity File Number	0-9483
Entity Registrant Name	SPARTA COMMERCIAL SERVICES, INC.
Entity Central Index Key	0000318299
Entity Tax Identification Number	30-0298178
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	555 Fifth Avenue
Entity Address, Address Line Two	14th Floor
Entity Address, City or Town	New York
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	10017
City Area Code	(212)
Local Phone Number	239-2666
Title of 12(b) Security	Common Stock, par value $0.001
Trading Symbol	SRCO
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float	$ 978,241
Entity Common Stock, Shares Outstanding		23,951,111
Documents Incorporated by Reference	None
Document Financial Statement Error Correction [Flag]	false
Auditor Firm ID	6771
Auditor Name	Victor Mokuolu, CPA PLLC
Auditor Location	Houston, Texas

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Apr. 30, 2023	Apr. 30, 2022
Current Assets
Cash and cash equivalents	$ 4,028	$ 317
Accounts receivable
Inventory
Other current assets
Total Current Assets	4,028	317
Property and equipment, net of accumulated depreciation and amortization of $213,262 and $213,262, respectively
Deposits - rent deposit	9,000	9,000
Total assets	13,028	9,317
Current Liabilities
Bank overdraft	54,410	27,202
Accounts payable and accrued expenses	1,698,457	3,657,392
Short Term Loan	1,585	1,585
Current portion notes payable	6,694,244	5,177,671
Derivative liabilities	1,375,767	3,546,283
Total Current Liabilities	9,824,463	12,410,133
Total Long Term Liabilities	435,753	548,403
Total liabilities	10,260,216	12,958,536
Stockholders’ Deficit:
Common stock, $0.001 par value; 750,000,000 shares authorized, and 23,045,205 and 15,128,005 shares issued and outstanding, respectively	23,045	15,128
Common stock to be issued 23,704,788 and 8,916,805 respectively	23,705	8,292
Additional paid-in-capital	54,872,206	53,213,898
Accumulated deficit	(66,150,857)	(67,180,393)
Total deficiency in stockholders’ equity	(11,216,483)	(13,927,594)
Non-controlling interest	969,295	978,375
Total Deficit	(10,247,188)	(12,949,219)
Total Liabilities and Deficit	13,028	9,317
Series A Convertible Preferred Stock [Member]
Stockholders’ Deficit:
Preferred Stock Value	12,500	12,500
Series C Convertible Preferred Stock [Member]
Stockholders’ Deficit:
Preferred Stock Value	1,979	2,363
Series D Convertible Preferred Stock [Member]
Stockholders’ Deficit:
Preferred Stock Value	938	618
Related Party [Member]
Current Liabilities
Loans payable-related parties	$ 435,753	$ 548,403

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Apr. 30, 2023	Apr. 30, 2022
Accumulated depreciation and amortization	$ 213,262	$ 213,262
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares designated	10,000,000	10,000,000
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	750,000,000	750,000,000
Common stock shares issued	23,045,205	15,128,005
Common stock shares outstanding	23,045,205	15,128,005
Common stock to be issued	23,704,788	8,916,805
Series A Convertible Preferred Stock [Member]
Preferred stock, par value	$ 100	$ 100
Preferred stock, shares designated	35,850	35,850
Preferred stock, shares issued	125	125
Preferred stock, shares outstanding	125	125
Series C Redeemable Convertible Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares designated	4,200,000	4,200,000
Preferred stock, shares issued	1,979,157	2,363,000
Preferred stock, shares outstanding	1,979,157	2,363,000
Preferred stock, liquidation and redemption value per share	$ 1	$ 1
Series D Redeemable Convertible Preferred Stock [Member]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares designated	2,000,000	2,000,000
Preferred stock, shares issued	937,754	618,411
Preferred stock, shares outstanding	937,754	618,411
Preferred stock, liquidation and redemption value per share	$ 1	$ 1

Consolidated Statement of Opera

Consolidated Statement of Operations - USD ($)	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Revenue
Total Revenue	$ 256,906	$ 245,469
Less Cost of goods sold	42,961	50,583
Gross profit	213,945	194,886
Operating expenses:
Compensation and related cost	777,615	577,290
Accounting and legal fees	78,120	95,256
Consulting fee	428,471	235,009
Rent and lease	68,000	64,800
General office expenses	251,394	895,572
Total operating expenses	(1,603,600)	1,867,927
Loss from operations	(1,389,655)	(1,673,041)
Other (income) expense:
Commission on municipal bonds	(5,357)	(11,954)
Financing cost	528,176	426,511
Write off convertible notes	(771,494)
Loss (gain) in changes in fair value of derivative liability	(2,170,516)	99,545
Total other (income) expense	(2,419,191)	514,102
Net income (loss)	1,029,536	(2,187,143)
Net profit attributable to minority shareholder	(9,080)	(8,624)
Preferred dividend
Net income (loss) attributed to common stockholders	$ 1,020,456	$ (2,195,768)
Basic and diluted loss per share:
Loss from continuing operations attributable to Sparta Commercial Services, Inc. common stockholders, basic	$ 0.05	$ (0.16)
Loss from continuing operations attributable to Sparta Commercial Services, Inc. common stockholders, diluted	0.05	(0.16)
Net loss attributable to Sparta Commercial Services, Inc. common stockholders, basic	0.05	(0.16)
Net loss attributable to Sparta Commercial Services, Inc. common stockholders, diluted	$ 0.05	$ (0.16)
Weighted average shares outstanding, basic	19,378,436.83	13,686,995
Weighted average shares outstanding, diluted	19,378,436.83	13,686,995
Information Technology [Member]
Revenue
Total Revenue	$ 235,134	$ 219,404
New World Health Brands [Member]
Revenue
Total Revenue	$ 21,772	$ 26,065

Consolidated Statements of Defi

Consolidated Statements of Deficit - USD ($)	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Balance value	$ (12,949,219)	$ (12,613,556)
Conversion of Preferred to common shares C	297,884
Conversion of Preferred to common shares		1,658,714
Conversion of notes to common shares		25,000
Issuance of preferred shares		(321,019)
Stocks issued for settlement of payables		25,063
Preferred dividends
Stocks issued from to be issued		(256,376)
Conversion of Preferred to common shares D	141,476
Issuance of common shares for cash	267,500	510,000
Issuance of shares for services	336,446	159,011
Issuance for Notes payable	34,410
Stocks issued as note holder incentive	232,900
Stocks issued for equity	147,480	59,711
Reconciling shares	232,902
Net income (loss)	1,020,456	(2,195,768)
Balance value	(10,247,188)	(12,949,219)
Common Stock [Member]
Balance value	$ 15,128	$ 9,810
Balance, shares	15,128,005	9,809,877
Conversion of Preferred to common shares C	$ 1,388
Conversion of Preferred to common shares C, shares	1,388,376
Conversion of Preferred to common shares		$ 3,194
Conversion of Preferred to common shares, shares		3,194,418
Conversion of notes to common shares		$ 125
Conversion of notes to common shares, shares		125,000
Issuance of preferred shares
Stocks issued for settlement of payables		$ 427
Stocks issued for settlement of payables, shares		427,235
Preferred dividends
Stocks issued from to be issued		$ 485
Stocks issued for equity, shares		484,852
Conversion of Preferred to common shares D	$ 564
Conversion of Preferred to common shares D, shares	564,212
Issuance of common shares for cash	$ 505
Issuance of common shares for cash, shares	505,219
Issuance of shares for services	$ 2,239	$ 732
Issuance of shares for services, shares	2,328,899	731,623
Issuance for Notes payable	$ 250
Issuance for notes payable, shares	250,000
Stocks issued as note holder incentive	$ 2,015
Stocks issued as note holder incentive, shares	2,014,589
Stocks issued for equity	$ 866	$ 355
Stocks issued for equity, shares	865,905	355,000
Reconciling shares
Net income (loss)
Balance value	$ 23,045	$ 15,128
Ending balance, shares	23,045,205	15,128,005
Common Stock to be Issued [Member]
Balance value	$ 8,292	$ 1,215
Balance, shares	8,916,805	1,214,528
Conversion of Preferred to common shares C	$ 1,175
Conversion of Preferred to common shares C, shares	1,175,101
Conversion of Preferred to common shares		$ 995
Conversion of Preferred to common shares, shares		995,500
Conversion of notes to common shares
Issuance of preferred shares		$ (2,350)
Issuance of preferred shares, shares		(1,725,176)
Stocks issued for settlement of payables
Preferred dividends
Stocks issued from to be issued		$ (485)
Stocks issued for equity, shares		(484,852)
Conversion of Preferred to common shares D
Issuance of common shares for cash	$ 2,909	$ 8,917
Issuance of common shares for cash, shares	2,908,704	8,916,805
Issuance of shares for services
Issuance for Notes payable
Stocks issued as note holder incentive	$ 507
Stocks issued as note holder incentive, shares	507,360
Stocks issued for equity
Reconciling shares	$ 11,997
Reconciling shares, shares	11,371,919
Net income (loss)
Balance value	$ 23,705	$ 8,292
Ending balance, shares	23,704,798	8,916,805
Additional Paid-in Capital [Member]
Balance value	$ 53,213,898	$ 51,363,531
Conversion of Preferred to common shares C	296,958
Conversion of Preferred to common shares		1,656,493
Conversion of notes to common shares		24,875
Issuance of preferred shares		(317,979)
Stocks issued for settlement of payables		24,636
Preferred dividends
Stocks issued from to be issued		(256,376)
Conversion of Preferred to common shares D	141,053
Issuance of common shares for cash	264,086	501,083
Issuance of shares for services	334,117	158,279
Issuance for Notes payable	34,160
Stocks issued as note holder incentive	220,956
Stocks issued for equity	146,614	59,356
Reconciling shares	220,364
Net income (loss)
Balance value	54,872,206	53,213,898
Retained Earnings [Member]
Balance value	(67,180,393)	(64,993,250)
Conversion of Preferred to common shares C
Conversion of Preferred to common shares
Conversion of notes to common shares
Issuance of preferred shares
Stocks issued for settlement of payables
Preferred dividends
Stocks issued from to be issued
Conversion of Preferred to common shares D
Issuance of common shares for cash
Issuance of shares for services
Issuance for Notes payable
Stocks issued as note holder incentive
Stocks issued for equity
Reconciling shares
Net income (loss)	1,029,536	(2,187,143)
Balance value	(66,150,857)	(67,180,393)
Noncontrolling Interest [Member]
Balance value	978,375	986,999
Conversion of Preferred to common shares C
Conversion of notes to common shares
Issuance of preferred shares
Stocks issued for settlement of payables
Preferred dividends
Stocks issued from to be issued
Conversion of Preferred to common shares D
Issuance of common shares for cash
Issuance of shares for services
Issuance for Notes payable
Stocks issued as note holder incentive
Stocks issued for equity
Reconciling shares
Net income (loss)	(9,080)	(8,624)
Balance value	969,295	978,375
Series A Preferred Stock [Member] | Preferred Stock [Member]
Balance value	$ 12,500	$ 12,500
Balance, shares	125	125
Conversion of Preferred to common shares C
Conversion of notes to common shares
Issuance of preferred shares
Stocks issued for settlement of payables
Preferred dividends
Stocks issued from to be issued
Issuance of common shares for cash
Issuance of shares for services
Issuance for Notes payable
Stocks issued as note holder incentive
Stocks issued for equity
Reconciling shares
Net income (loss)
Balance value	$ 12,500	$ 12,500
Ending balance, shares	125	125
Series C Preferred Stock [Member] | Preferred Stock [Member]
Balance value	$ 2,363	$ 4,145
Balance, shares	2,163,000	4,132,269
Conversion of Preferred to common shares C	$ (462)
Conversion of Preferred to common shares C, shares	(462,792)
Conversion of Preferred to common shares		$ (1,501)
Conversion of Preferred to common shares, shares		(1,688,269)
Conversion of notes to common shares
Issuance of preferred shares		$ (281)
Issuance of preferred shares, shares		(281,000)
Stocks issued for settlement of payables
Preferred dividends
Stocks issued from to be issued
Issuance of common shares for cash
Issuance of shares for services
Issuance for Notes payable
Stocks issued as note holder incentive
Stocks issued for equity
Reconciling shares	$ 78
Reconciling shares, shares	278,949
Net income (loss)
Balance value	$ 1,979	$ 2,363
Ending balance, shares	1,979,157	2,163,000
Series D Preferred Stock [Member] | Preferred Stock [Member]
Balance value	$ 618	$ 1,494
Balance, shares	618,411	1,494,962
Conversion of Preferred to common shares C
Conversion of Preferred to common shares		$ (467)
Conversion of Preferred to common shares, shares		(467,551)
Conversion of notes to common shares
Issuance of preferred shares		$ (409)
Issuance of preferred shares, shares		(409,000)
Stocks issued for settlement of payables
Preferred dividends
Stocks issued from to be issued
Conversion of Preferred to common shares D	$ (141)
Conversion of Preferred to common shares D, shares	(141,053)
Issuance of common shares for cash
Issuance of shares for services
Issuance for Notes payable
Stocks issued as note holder incentive
Stocks issued for equity
Reconciling shares	$ 461
Reconciling shares, shares	460,343
Net income (loss)
Balance value	$ 938	$ 618
Ending balance, shares	937,701	618,411

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income ( loss )	$ 1,020,456	$ (2,195,768)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
Loss (Gain) from change in fair value of derivative liabilities	(2,170,516)	99,545
Conversion of notes payable to equity
Amortization of debt discount
Non-cash financing cost	(2,976)	12,375
Non-cash consulting fees
Write off promissory notes	(1,564,074)	159,009
Changes in operating assets and liabilities
Accounts receivable		469
Inventory		13,823
Other assets		9,628
Accounts payable and accrued expenses	(1,931,727)	7,723
Deferred revenue		(13,946)
Net cash used in operating activities	(3,084,763)	(2,066,151)
CASH FLOWS FROM INVESTING ACTIVITIES:
CASH FLOWS FROM FINANCING ACTIVITIES
Bank overdraft	1,245,190	176,390
Proceeds from sale of stock	1,516,573	89,968
Payments from notes conversion	439,360	1,683,714
Proceeds from related party notes		116,000
Payments and extinguishment of related party notes	(112,650)
Net cash provided by financing activities	(3,088,474)	2,066,072
Net (decrease) increase in cash	3,711	(79)
Cash and cash equivalents, beginning of period	317	396
Cash and cash equivalents , end of period	4,028	317
Cash paid for:
Income taxes

SUMMARY OF ACCOUNTING POLICIES

SUMMARY OF ACCOUNTING POLICIES	12 Months Ended
	Apr. 30, 2023
Accounting Policies [Abstract]
SUMMARY OF ACCOUNTING POLICIES	NOTE A – SUMMARY OF ACCOUNTING POLICIES A summary of the significant accounting policies applied in the preparation of the accompanying financial statements follows. Business Sparta Commercial Services, Inc. (“Sparta,” “we,” “us,” or the “Company”) is a Nevada corporation with headquarters in New York City, www.spartacommercial.com. We are a multi-disciplined parent corporation operating across three business sectors – Financial Services, E-Commerce & Mobile Technology, and Health and Wellness (www.spartacommercial.com). Sparta’s roots are in the Powersports industry. The Company provided retail installment loans and leases through authorized motorcycle dealerships in 33 states, with financing provided by institutional lenders. The Company also maintained a full underwriting and servicing platform for its portfolio. Notwithstanding the discontinuance of our initial focus on consumer loans and leases post Lehman and during the 2008 financial crisis, in 2007, the Company introduced a new initiative, Municipal Financing (www.spartamunicipal.com), which has financed over 100 jurisdictions to date. Sparta’s Municipal Finance program is available to all nonprofit organizations, institutions, and entities. All nonprofit organizations which adhere to I.R.S. guidelines, including 501 (c) 3 of the Internal Revenue Code, are eligible. Both public nonprofits, also known as public charities supported with publicly collected funds, and private nonprofits, also known as private foundations backed by an individual or business entity, qualify for the program. Consumers, retailers, municipals, nonprofits, auction houses, banks, and insurance companies scrutinize title history reports for the vital information needed and factored into crucial business decisions affecting the bottom line. Vehicle History Reports are a staple of Sparta’s E-Commerce Technology subsidiary iMobile Solutions, Inc. Whether a vehicle is intended for business or recreational use, Sparta’s Vehicle History Reports are highly regarded for accuracy and completeness. They have been sold across all 50 states and in 62 countries worldwide. They provide a trusted layer of assurance to vehicle buyers and are available on our websites as well as on various dealership websites. They include Cyclechex (Motorcycle History Reports at www.cyclechex.com), RVchex (Recreational Vehicle History Reports at www.rvchex.com), and Truckchex (Heavy Duty Truck History Reports at www.truckchex.com). The Company’s E-Commerce and Mobile Technology subsidiary name change to iMobile Solutions, Inc., from Specialty Reports, Inc., in 2016, signifies its ever-broadening service offerings in the evolving technology landscape. With iMobile App (www.imobileapp.com), the Company provides mobile technology services, including web and mobile application creation, development, and management for a wide range of businesses to increase revenue, build brand recognition, and improve customer engagement. Our ever-broadening business base of mobile applications includes vehicle dealerships and racetracks, private clubs and country clubs, schools and entertainment venues, restaurants, grocery stores, and various other merchant types. (www.imobileapp.com/app-gallery). The Company also designs, launches, maintains, and hosts websites for businesses incorporating SEO (search engine optimization), social media marketing, and online reviews to improve their presence online. We provide specific, tailored action plans for our clients’ websites that include services such as eCommerce, CRM (Customer Relationship Management) development, and integration. This custom software helps businesses communicate with customers and can also be used for employees to communicate internally. The CRM software can be web-based, integrated with a mobile app, or both. We work with clients to understand their unique needs and incorporate the features and requirements that are most important to them and will facilitate their business growth and success. Correspondingly, the Company designs and builds custom kitchen ordering software for independent grocery stores, delicatessens, and other food service businesses. The software can be designed in various ways, including mobile devices and in-store ordering. The kitchen ordering software is enabled with payment integration, text messaging notification, wireless printing, and other features. iMobile Solutions, Inc. provides a turn-key solution for businesses looking to simplify or streamline their kitchen ordering process. Additionally, we offer text messaging services, which supplement business marketing strategies to gain and retain brand loyalty among its clients, customers, and investors. Our text messaging platform allows clients to manage, schedule, and analyze text message performance quickly. Sparta’s response to the onset of the COVID-19 pandemic in early 2020 quickly took shape with thorough investigations into evolving customer trends in health and wellness. As a result, we expanded New World Health Brands and developed a new product line of natural dietary supplements. In August 2020, we launched an online B to C website: www.newworldhealthbrands.com Sparta’s subsidiary, Sparta Crypto, Inc., www.SpartaCrypto.com, was established in September 2020, and is in the process of completing a proprietary state-of-the-art platform designed to connect users of widely adopted digital currencies with sellers of various goods and services. The platform is scheduled to launch in 2023 and the Company can make no assurances that the described plan will reach implementation. In addition, the Company has completed and tested a cryptocurrency payment gateway called SpartaPayIQ, www.SpartaPayIQ.com Agoge Global USA, Inc. was formed as a subsidiary of Sparta Crypto, Inc. in December 2022 and entered into a Joint Venture Agreement with WeDev Group to facilitate cross-border transactions between importers and exporters of goods from the U.S. and Brazil. In addition, Agoge Global USA provides business intermediary services to global importers and exporters of goods and services. These services provided through our joint venture agreement with WeDev include, but are not limited to, industry introductions, tax and regulatory compliance assistance, import and export documentation assistance, reselling services in other jurisdictions, and facilitation of cross-border transactions. Basis of Presentation The accompanying condensed consolidated financial statements as of April 30, 2023, and 2022 have been prepared by the Company according to the rules and regulations of the Securities and Exchange Commission, including Form 10-K and Regulation S-K. The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments), which are, in the opinion of management, necessary to present the operating results for the respective periods fairly. The Company believes that the disclosures provided are adequate to make the information presented accurate. Principles of Consolidation The consolidated financial statements include the accounts of the Company and its majority owned subsidiary. All material intercompany transactions and balances have been eliminated in consolidation. The third-party ownership of the Company’s subsidiary is accounted for as noncontrolling interest in the consolidated financial statements. Changes in the noncontrolling interest are reported in the statement of stockholders’ deficit. Estimates The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. Revenue Recognition During the first quarter of 2018, the Company adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606) The Company acts as a principal in its revenue transactions as the Company is the primary obligor in the transactions. Revenues from mobile app products and New World Health Brands products are generally recognized upon delivery. Revenues from History Reports are generally recognized upon delivery / download. Prepayments received from customers before delivery (if any) are recognized as deferred revenue and recognized upon delivery. The Company records deferred revenues when cash payments are received or due in advance of our performance, including amounts which are refundable. The following table presents our revenues disaggregated by revenue source: SCHEDULE OF DISAGGREGATION REVENUE 2023 2022 Year Ended April 30, 2023 2022 Information Technology $ 235,134 $ 219,404 New World Health Brands 21,772 26,065 Revenues $ 256,906 $ 245,469 Cash Equivalents For the purpose of the accompanying financial statements, all highly liquid investments with a maturity of three months or less are considered to be cash equivalents. Website Development Costs The Company recognizes website development costs in accordance with ASC 350-50, “Accounting for Website Development Costs.” Fair Value Measurements The Company adopted ASC 820, “Fair Value Measurements .” ● Level 1 — ● Level 2 — ● Level 3 — This hierarchy requires the Company to use observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. For some products or in certain market conditions, observable inputs may not always be available. Income Taxes We utilize ASC 740 “ Income Taxes The Company recognizes the impact of a tax position in the financial statements only if that position is more likely than not of being sustained upon examination by taxing authorities, based on the technical merits of the position. Our practice is to recognize interest and/or penalties related to income tax matters in income tax expense. Stock Based Compensation We account for our stock based compensation under ASC 718 “ Compensation – Stock Compensation We use the fair value method for equity instruments granted to non-employees and use the Black-Scholes model for measuring the fair value of options. The stock based fair value compensation is determined as of the date of the grant or the date at which the performance of the services is completed (measurement date) and is recognized over the vesting periods. Inventories The Company’s inventories represent finished goods, consist of products available for sale and are accounted for using the first-in, first-out (FIFO) method and valued at the lower of cost or net realizable value. Inventory consists of finished goods for the Company’s New World Health Brands business. Property and Equipment Property and equipment are recorded at cost. Minor additions and renewals are expensed in the year incurred. Major additions and renewals are capitalized and depreciated over their estimated useful lives. Depreciation is calculated using the straight-line method over the estimated useful lives. Estimated useful lives of major depreciable assets are as follows: SCHEDULE OF ESTIMATED USEFUL LIFE OF PROPERTY AND EQUIPMENT Leasehold improvements 3 years Furniture and fixtures 7 years Website costs 3 years Computer Equipment 5 years Concentrations of Credit Risk Financial instruments and related items, which potentially subject the Company to concentrations of credit risk, consist primarily of cash, cash equivalents and receivables. The Company places its cash and temporary cash investments with high credit quality institutions. At times, such investments may be in excess of the FDIC insurance limit. Net Loss Per Share The Company uses ASC 260-10, “ Earnings Per Share, At April 30, 2023 and 2022 81 23,704,788 8,916,805 Derivative Liabilities The Company assessed the classification of its derivative financial instruments as of April 30, 2023 and 2022 which consist of convertible instruments and rights to shares of the Company’s common stock, and determined that such derivatives meet the criteria for liability classification under ASC 815. ASC 815 generally provides three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as freestanding derivative financial instruments. These three criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument subject to the requirements of ASC 815. ASC 815 also provides an exception to this rule when the host instrument is deemed to be conventional, as described. Convertible Instruments The Company evaluates and accounts for conversion options embedded in its convertible instruments in accordance with professional standards for “ Accounting for Derivative Instruments and Hedging Activities The Company accounts for convertible instruments (when it has determined that the embedded conversion options should not be bifurcated from their host instruments) in accordance with professional standards when “ Accounting for Convertible Securities with Beneficial Conversion Features Reclassifications Certain reclassifications have been made to conform to prior periods’ data to the current presentation. These reclassifications had no effect on reported losses. Recent Accounting Pronouncements In March 2019, the FASB issued ASU 2019-09, “ Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting In August 2014, the FASB issued ASU 2014-15, “ Presentation of Financial Statements - Going Concern (Topic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern The FASB issued the following accounting standard updates related to Topic 606, Revenue Contracts with Customers: ● ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) ● ASU No. 2018-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) ● ASU No. 2018-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing ● ASU No. 2018-11, Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates ● ASU No. 2018-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients These ASUs became effective for the Company beginning interim period beginning May 1, 2018. Adoption of this standard did not have a material impact on the Company’s consolidated financial statements. In February 2016, the FASB issued Accounting Standards Update No. 2016-02 Leases Leases A variety of proposed or otherwise potential accounting standards are currently under study by standard setting organizations and various regulatory agencies. Due to the tentative and preliminary nature of those proposed standards, we have yet to determine whether implementation of such proposed standards would be material to our consolidated financial statements.

GOING CONCERN MATTERS

GOING CONCERN MATTERS	12 Months Ended
	Apr. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GOING CONCERN MATTERS	NOTE B – GOING CONCERN MATTERS The accompanying consolidated financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The accompanying consolidated financial statements show that the Company has incurred recurring losses and generated negative cash flows from operating activities since inception. As of April 30, 2023, the Company had an accumulated deficit of $ 66,150,857 10,247,188 . The Company’s cash balance and revenues generated are not currently sufficient and cannot be projected to cover its operating expenses for the next twelve months from the filing date of this report. These factors among others raise substantial doubt about the Company’s ability to continue as a going concern for a period of one year from the issuance of these financial statements. The Company’s existence is dependent upon management’s ability to develop profitable operations. Management is devoting substantially all its efforts to developing its business and raising capital and there can be no assurance that the Company’s efforts will be successful. No assurance can be given that management’s actions will result in profitable operations or the resolution of its liquidity problems. The accompanying consolidated financial statements do not include any adjustments that might result should the Company be unable to continue as a going concern. To improve the Company’s liquidity, the Company’s management is actively pursuing additional equity financing through discussions with investment bankers, private equity groups, and private investors. There can be no assurance that the Company will be successful in its effort to secure additional equity financing.

NOTES PAYABLE AND DERIVATIVES

NOTES PAYABLE AND DERIVATIVES	12 Months Ended
	Apr. 30, 2023
Debt Disclosure [Abstract]
NOTES PAYABLE AND DERIVATIVES	NOTE C – NOTES PAYABLE AND DERIVATIVES The Company has outstanding numerous notes payable to various parties. The notes bear interest at rates of 5 20 SCHEDULE OF NOTES PAYABLE Notes Payable April 30, 2023 April 30, 2022 Notes convertible at holder’s option $ 2,103,256 $ 2,522,925 Notes convertible at Company’s option 335,700 335,700 Non-convertible notes payable 2,659,519 1,821,650 Subtotal 5,098,475 4,680,275 Less debt discount - - Total $ 4,210,944 $ 4,680,275 Certain of the notes payable contain variable conversion rates and the conversion features are classified as derivative liabilities. The conversion prices are based on the market price of the Company’s common stock, at discounts of 30 48 Amortization of debt discount for the years ended April 30, 2023, and 2022 was $ 0 0 The Company’s derivative financial instruments consist of embedded derivatives related to the outstanding short term Convertible Notes Payable. These embedded derivatives include certain conversion features indexed to the Company’s common stock. The accounting treatment of derivative financial instruments requires that the Company record the derivatives and related items at their fair values as of the inception date of the Convertible Notes Payable and at fair value as of each subsequent balance sheet date. In addition, under the provisions of Accounting Standards Codification subtopic 815-40, Derivatives and Hedging; Contracts in Entity’s Own Equity The change in fair value of the derivative liabilities of convertible notes outstanding at April 30, 2022 and 2021 was calculated with the following average assumptions, using a Black-Scholes option-pricing model are as follows: SCHEDULE OF DERIVATIVE LIABILITIES ASSUMPTIONS USING BLACK-SCHOLES OPTION Significant Assumptions: Risk free interest rate Ranging from 1.4 4 % Expected stock price volatility 151 % Expected dividend payout 0 Expected options life in years Ranging from 1 2 Changes in derivative liability during the years ended April 30, 2023, and 2022 were: SCHEDULE OF CHANGES IN DERIVATIVE LIABILITIES 2023 2022 April 30, 2023 2022 Balance, beginning of year $ 3,546,283 $ 4,252,446 Derivative liability reclassified to additional paid in capital (0 ) (474,420 ) Derivative financial liability arising on the conversion of notes and warrants (195,968 ) - Fair value adjustments (1,974,548 ) (231,743 ) Balance, end of year $ 1,375,767 $ 3,546,283

LOANS PAYABLE TO RELATED PARTIE

LOANS PAYABLE TO RELATED PARTIES	12 Months Ended
	Apr. 30, 2023
Related Party Transactions [Abstract]
LOANS PAYABLE TO RELATED PARTIES	NOTE D – LOANS PAYABLE TO RELATED PARTIES As of April 30, 2023, and 2022, aggregated loans payable, without demand to officers and directors were $ 435,753 and $ 548,403 respectively.

EQUITY TRANSACTIONS

EQUITY TRANSACTIONS	12 Months Ended
	Apr. 30, 2023
Equity [Abstract]
EQUITY TRANSACTIONS	NOTE E EQUITY TRANSACTIONS Common Stock The Company is authorized to issue 750,000,000 0.001 On December 30, 2020, Sparta Commercial Services, Inc. (the “Company”) filed with the Secretary of State of the state of Nevada, a Certificate of Amendment to its Articles of Incorporation (the “Amendment”), attached herewith as Exhibit 3.1, and incorporated by reference. The Amendment will be effective as of December 30, 2020. On July 9, 2020, the Board of Directors of the Company declared July 30, 2020 as the effective date for the 1 for 100 reverse stock split As a result of the Reverse Stock Split, every one hundred shares of outstanding common stock will automatically be converted into one shares of the Company’s common stock immediately prior to the opening of trading on the next business day after the Effective Date. If, as a result of the reverse split, a stockholder is left with a fractional share, that stockholder shall receive one full share in lieu of such fractional share. Immediately after the effectiveness of the reverse split, there will be 7,027,930 The Company had 23,045,205 15,125,005 23,704,788 8,916,805 During the year ended April 30, 2023 the Company: ● Converted 462,792 1,388,000 ● Converted 141,053 141,000 ● Issued 505,212 2,908,714 267,500 ● Issued 2,328,899 336,446 ● Issued 250,000 34,410 ● Issued 865,905 235,877 During the year ended April 30, 2022 the Company: ● Sold 3,102,346 212,500 ● Issued 330,179 ● Issued 1,388,376 ● Issued 564,212 ● Issued 950,833 83,447 ● Issued 378,909 35,000 ● Issued 1,928,899 282,981 Preferred Stock The Company is authorized to issue 10,000,000 shares of preferred stock with $ 0.001 par value per share, of which 35,850 shares have been designated as Series A convertible preferred stock with a $ 100 stated value per share; 1,000 shares have been designated as Series B Preferred Stock with a $ 10,000 per share liquidation value; 4,200,000 shares have been designated as Series C Preferred Stock with a $ 1 per share liquidation value, and 2,000,000 shares have been designated as Series D Preferred Stock with a $ 1 per share liquidation value. As of April 30, 2023, and 2022 the Company had: SCHEDULE OF PREFERRED STOCK OUTSTANDING SHARES Preferred stock outstanding shares 2023 2022 Series A 125 125 Series B - - Series C 1,979,157 2,163,000 Series D 937,754 618,411 Preferred Stock

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Apr. 30, 2023
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	NOTE F – FAIR VALUE MEASUREMENTS The Company follows the guidance established pursuant to ASC 820 which established a framework for measuring fair value and expands disclosure about fair value measurements. ASC 820 defines fair value as the amount that would be received for an asset or paid to transfer a liability (i.e., an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. ASC 820 also establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. ASC 820 describes the following three levels of inputs that may be used: Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for identical assets and liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs. Level 2: Observable prices that are based on inputs not quoted on active markets but corroborated by market data. Level 3: Unobservable inputs when there is little or no market data available, thereby requiring an entity to develop its own assumptions. The fair value hierarchy gives the lowest priority to Level 3 inputs. The table below summarizes the fair values of financial liabilities as of April 30, 2023: SCHEDULE OF FAIR VALUES OF FINANCIAL LIABILITIES Fair Value at Fair Value Measurement Using April 30, 2023 Level 1 Level 2 Level 3 Derivative liabilities $ 1,375,767 - - $ 1,375,767 Fair values of financial liabilities as of April 30, 2022 are as follows: Fair Value at Fair Value Measurement Using April 30, 2022 Level 1 Level 2 Level 3 Derivative liabilities  $ 3,546,283 - - $ 9,549,640 The following is a description of the valuation methodologies used for these items: Derivative liabilities The Company did not identify any other non-recurring assets and liabilities that are required to be presented in the balance sheets at fair value in accordance with ASC Topic 825 “The Fair Value Option for Financial Issuances”.

PROPERTY AND EQUIPMENT

PROPERTY AND EQUIPMENT	12 Months Ended
	Apr. 30, 2023
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE G - PROPERTY AND EQUIPMENT Major classes of property and equipment at April 30, 2023 and 2022 consist of the followings: SCHEDULE OF PROPERTY AND EQUIPMENT 2023 2022 Computer equipment, software and furniture $ 213,262 $ 213,262 Less: accumulated depreciation (213,262 ) (213,262 ) Net property and equipment $ - $ - All equipment are fully depreciated as of the fiscal year end April 30, 2023 and 2022. No additional investment in equipment for both fiscal year.

WARRANTS

WARRANTS	12 Months Ended
	Apr. 30, 2023
Warrants
WARRANTS	NOTE H – WARRANTS No warrants were issued to employees or services. As of April 30, 2023, a total of 9,691,037 211,614

INCOME TAXES

INCOME TAXES	12 Months Ended
	Apr. 30, 2023
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE I - INCOME TAXES At April 30, 2023, the Company has available for federal income tax purposes a net operating loss carry forward of approximately $ 65,338,601 2036 A reconciliation of the federal statutory income tax rate to the Company’s effective income tax rate is as follows: SCHEDULE OF RECONCILIATION OF INCOME TAX RATE 2023 2022 Years Ended April 30, 2023 2022 Federal statutory income tax rate (21.0 )% (21.0 )% State income taxes, net of federal benefit (7.1 ) (7.1 ) Permanent differences 6.7 6.7 Change in valuation allowance 21.4 21.4 Provision for income taxes 0.0 % 0.0 % Components of deferred tax assets as of April 30, 2022 and estimated 2021 are as follows: SCHEDULE OF DEFERRED TAX ASSETS 2023 2022 April 30, 2023 2022 Noncurrent: Net operating loss carry forward $ 13,612,679 $ 14,753,877 Valuation allowance (13,612,679 ) (14,753,877 ) Net deferred tax asset $ - $ -

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Apr. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE J - COMMITMENTS AND CONTINGENCIES Operating Lease Commitments Our executive offices are located in New York, NY. We have an agreement for use of office space at this location under a sub-lease which expired on July 31, 2018 5,100 Rent expense was $ 68,000 64,800 Employment and Consulting Agreements The Company does not have employment agreements with any of its non-executive employees. The Company has consulting agreements with outside contractors to provide marketing and financial advisory services. The agreements are generally for 12 months from inception and renewable automatically from year to year unless the Company or consultant terminates such engagement by written notice. The Company entered into five-year employment agreements with its CEO, Anthony L Havens and Vice President of Operations, Sandra L Ahman. As part of their employment agreements, Mr. Havens received five year 37,625,574 0.00308 three years 12,541,858 0.00308 Litigation The Company is subject to legal proceedings and claims arising in its business’s ordinary course. Sparta can make no representations about the potential outcome of such proceedings. As of April 30, 2023, we have not been named as parties to any further legal proceedings. The two litigations disclosed prior are updated below. From time to time, of course, we may become involved in further legal proceedings, which sometimes arise due to the very nature of and in the ordinary course of this business. By way of background, the Company had received notices dated April 1, 2016 and May 13, 2016, from a lender claiming defaults relating to conversion requests totaling $ 8,365.00 55,125.00 Concerning the above, on September 22, 2016, a motion for summary judgment in lieu of complaint was filed in the Supreme Court in the State of New York: County of Kings against the Company by a lender for the amount of $ 102,170.82 in principal and stock conversion interest, plus fees and costs. Plaintiff’s motion for summary judgment in lieu of complaint was denied on May 5, 2017. Thereafter, on August 22, 2018, Plaintiff brought a second motion seeking summary judgment on the liability issue, which again was denied by the Court on March 14, 2019. The most recent appearance in this matter had been scheduled for March 13, 2020, at which time the Court marked the case “adjourned without a date” due to the restrictions imposed on the Courts arising from the COVID-19 pandemic. To date, no further Court appearances have been scheduled in this matter. However, most notably, a favorable decision from the New York State Court of Appeals regarding the same types of transactions has since determined such notes to be criminally usurious and, therefore, unenforceable. Since identical affirmative defenses were raised on behalf of the Company, the pending action is expected to be discontinued by plaintiff, with prejudice. Counsel for the parties have been working on a stipulation of discontinuance to that effect. On October 26, 2018, a second lender commenced an action in the Supreme Court of the State of New York: New York County alleging damages from unpaid principal arising from a promissory note dated February 26, 2015, in the amount of $ 50,000.00

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Apr. 30, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE K – SUBSEQUENT EVENTS The Company has evaluated subsequent events for recognition and disclosure as of August 17 2023 which is the date the financial statements were available to be issued. No other matters were identified affecting the accompanying financial statements and related disclosures.

SUMMARY OF ACCOUNTING POLICIES

SUMMARY OF ACCOUNTING POLICIES (Policies)	12 Months Ended
	Apr. 30, 2023
Accounting Policies [Abstract]
Business	Business Sparta Commercial Services, Inc. (“Sparta,” “we,” “us,” or the “Company”) is a Nevada corporation with headquarters in New York City, www.spartacommercial.com. We are a multi-disciplined parent corporation operating across three business sectors – Financial Services, E-Commerce & Mobile Technology, and Health and Wellness (www.spartacommercial.com). Sparta’s roots are in the Powersports industry. The Company provided retail installment loans and leases through authorized motorcycle dealerships in 33 states, with financing provided by institutional lenders. The Company also maintained a full underwriting and servicing platform for its portfolio. Notwithstanding the discontinuance of our initial focus on consumer loans and leases post Lehman and during the 2008 financial crisis, in 2007, the Company introduced a new initiative, Municipal Financing (www.spartamunicipal.com), which has financed over 100 jurisdictions to date. Sparta’s Municipal Finance program is available to all nonprofit organizations, institutions, and entities. All nonprofit organizations which adhere to I.R.S. guidelines, including 501 (c) 3 of the Internal Revenue Code, are eligible. Both public nonprofits, also known as public charities supported with publicly collected funds, and private nonprofits, also known as private foundations backed by an individual or business entity, qualify for the program. Consumers, retailers, municipals, nonprofits, auction houses, banks, and insurance companies scrutinize title history reports for the vital information needed and factored into crucial business decisions affecting the bottom line. Vehicle History Reports are a staple of Sparta’s E-Commerce Technology subsidiary iMobile Solutions, Inc. Whether a vehicle is intended for business or recreational use, Sparta’s Vehicle History Reports are highly regarded for accuracy and completeness. They have been sold across all 50 states and in 62 countries worldwide. They provide a trusted layer of assurance to vehicle buyers and are available on our websites as well as on various dealership websites. They include Cyclechex (Motorcycle History Reports at www.cyclechex.com), RVchex (Recreational Vehicle History Reports at www.rvchex.com), and Truckchex (Heavy Duty Truck History Reports at www.truckchex.com). The Company’s E-Commerce and Mobile Technology subsidiary name change to iMobile Solutions, Inc., from Specialty Reports, Inc., in 2016, signifies its ever-broadening service offerings in the evolving technology landscape. With iMobile App (www.imobileapp.com), the Company provides mobile technology services, including web and mobile application creation, development, and management for a wide range of businesses to increase revenue, build brand recognition, and improve customer engagement. Our ever-broadening business base of mobile applications includes vehicle dealerships and racetracks, private clubs and country clubs, schools and entertainment venues, restaurants, grocery stores, and various other merchant types. (www.imobileapp.com/app-gallery). The Company also designs, launches, maintains, and hosts websites for businesses incorporating SEO (search engine optimization), social media marketing, and online reviews to improve their presence online. We provide specific, tailored action plans for our clients’ websites that include services such as eCommerce, CRM (Customer Relationship Management) development, and integration. This custom software helps businesses communicate with customers and can also be used for employees to communicate internally. The CRM software can be web-based, integrated with a mobile app, or both. We work with clients to understand their unique needs and incorporate the features and requirements that are most important to them and will facilitate their business growth and success. Correspondingly, the Company designs and builds custom kitchen ordering software for independent grocery stores, delicatessens, and other food service businesses. The software can be designed in various ways, including mobile devices and in-store ordering. The kitchen ordering software is enabled with payment integration, text messaging notification, wireless printing, and other features. iMobile Solutions, Inc. provides a turn-key solution for businesses looking to simplify or streamline their kitchen ordering process. Additionally, we offer text messaging services, which supplement business marketing strategies to gain and retain brand loyalty among its clients, customers, and investors. Our text messaging platform allows clients to manage, schedule, and analyze text message performance quickly. Sparta’s response to the onset of the COVID-19 pandemic in early 2020 quickly took shape with thorough investigations into evolving customer trends in health and wellness. As a result, we expanded New World Health Brands and developed a new product line of natural dietary supplements. In August 2020, we launched an online B to C website: www.newworldhealthbrands.com Sparta’s subsidiary, Sparta Crypto, Inc., www.SpartaCrypto.com, was established in September 2020, and is in the process of completing a proprietary state-of-the-art platform designed to connect users of widely adopted digital currencies with sellers of various goods and services. The platform is scheduled to launch in 2023 and the Company can make no assurances that the described plan will reach implementation. In addition, the Company has completed and tested a cryptocurrency payment gateway called SpartaPayIQ, www.SpartaPayIQ.com Agoge Global USA, Inc. was formed as a subsidiary of Sparta Crypto, Inc. in December 2022 and entered into a Joint Venture Agreement with WeDev Group to facilitate cross-border transactions between importers and exporters of goods from the U.S. and Brazil. In addition, Agoge Global USA provides business intermediary services to global importers and exporters of goods and services. These services provided through our joint venture agreement with WeDev include, but are not limited to, industry introductions, tax and regulatory compliance assistance, import and export documentation assistance, reselling services in other jurisdictions, and facilitation of cross-border transactions.
Basis of Presentation	Basis of Presentation The accompanying condensed consolidated financial statements as of April 30, 2023, and 2022 have been prepared by the Company according to the rules and regulations of the Securities and Exchange Commission, including Form 10-K and Regulation S-K. The information furnished herein reflects all adjustments (consisting of normal recurring accruals and adjustments), which are, in the opinion of management, necessary to present the operating results for the respective periods fairly. The Company believes that the disclosures provided are adequate to make the information presented accurate.
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company and its majority owned subsidiary. All material intercompany transactions and balances have been eliminated in consolidation. The third-party ownership of the Company’s subsidiary is accounted for as noncontrolling interest in the consolidated financial statements. Changes in the noncontrolling interest are reported in the statement of stockholders’ deficit.
Estimates	Estimates The preparation of the financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.
Revenue Recognition	Revenue Recognition During the first quarter of 2018, the Company adopted ASU 2014-09, Revenue from Contracts with Customers (Topic 606) The Company acts as a principal in its revenue transactions as the Company is the primary obligor in the transactions. Revenues from mobile app products and New World Health Brands products are generally recognized upon delivery. Revenues from History Reports are generally recognized upon delivery / download. Prepayments received from customers before delivery (if any) are recognized as deferred revenue and recognized upon delivery. The Company records deferred revenues when cash payments are received or due in advance of our performance, including amounts which are refundable. The following table presents our revenues disaggregated by revenue source: SCHEDULE OF DISAGGREGATION REVENUE 2023 2022 Year Ended April 30, 2023 2022 Information Technology $ 235,134 $ 219,404 New World Health Brands 21,772 26,065 Revenues $ 256,906 $ 245,469
Cash Equivalents	Cash Equivalents For the purpose of the accompanying financial statements, all highly liquid investments with a maturity of three months or less are considered to be cash equivalents.
Website Development Costs	Website Development Costs The Company recognizes website development costs in accordance with ASC 350-50, “Accounting for Website Development Costs.”
Fair Value Measurements	Fair Value Measurements The Company adopted ASC 820, “Fair Value Measurements .” ● Level 1 — ● Level 2 — ● Level 3 — This hierarchy requires the Company to use observable market data, when available, and to minimize the use of unobservable inputs when determining fair value. For some products or in certain market conditions, observable inputs may not always be available.
Income Taxes	Income Taxes We utilize ASC 740 “ Income Taxes The Company recognizes the impact of a tax position in the financial statements only if that position is more likely than not of being sustained upon examination by taxing authorities, based on the technical merits of the position. Our practice is to recognize interest and/or penalties related to income tax matters in income tax expense.
Stock Based Compensation	Stock Based Compensation We account for our stock based compensation under ASC 718 “ Compensation – Stock Compensation We use the fair value method for equity instruments granted to non-employees and use the Black-Scholes model for measuring the fair value of options. The stock based fair value compensation is determined as of the date of the grant or the date at which the performance of the services is completed (measurement date) and is recognized over the vesting periods.
Inventories	Inventories The Company’s inventories represent finished goods, consist of products available for sale and are accounted for using the first-in, first-out (FIFO) method and valued at the lower of cost or net realizable value. Inventory consists of finished goods for the Company’s New World Health Brands business.
Property and Equipment	Property and Equipment Property and equipment are recorded at cost. Minor additions and renewals are expensed in the year incurred. Major additions and renewals are capitalized and depreciated over their estimated useful lives. Depreciation is calculated using the straight-line method over the estimated useful lives. Estimated useful lives of major depreciable assets are as follows: SCHEDULE OF ESTIMATED USEFUL LIFE OF PROPERTY AND EQUIPMENT Leasehold improvements 3 years Furniture and fixtures 7 years Website costs 3 years Computer Equipment 5 years
Concentrations of Credit Risk	Concentrations of Credit Risk Financial instruments and related items, which potentially subject the Company to concentrations of credit risk, consist primarily of cash, cash equivalents and receivables. The Company places its cash and temporary cash investments with high credit quality institutions. At times, such investments may be in excess of the FDIC insurance limit.
Net Loss Per Share	Net Loss Per Share The Company uses ASC 260-10, “ Earnings Per Share, At April 30, 2023 and 2022 81 23,704,788 8,916,805
Derivative Liabilities	Derivative Liabilities The Company assessed the classification of its derivative financial instruments as of April 30, 2023 and 2022 which consist of convertible instruments and rights to shares of the Company’s common stock, and determined that such derivatives meet the criteria for liability classification under ASC 815. ASC 815 generally provides three criteria that, if met, require companies to bifurcate conversion options from their host instruments and account for them as freestanding derivative financial instruments. These three criteria include circumstances in which (a) the economic characteristics and risks of the embedded derivative instrument are not clearly and closely related to the economic characteristics and risks of the host contract, (b) the hybrid instrument that embodies both the embedded derivative instrument and the host contract is not re-measured at fair value under otherwise applicable generally accepted accounting principles with changes in fair value reported in earnings as they occur and (c) a separate instrument with the same terms as the embedded derivative instrument would be considered a derivative instrument subject to the requirements of ASC 815. ASC 815 also provides an exception to this rule when the host instrument is deemed to be conventional, as described.
Convertible Instruments	Convertible Instruments The Company evaluates and accounts for conversion options embedded in its convertible instruments in accordance with professional standards for “ Accounting for Derivative Instruments and Hedging Activities The Company accounts for convertible instruments (when it has determined that the embedded conversion options should not be bifurcated from their host instruments) in accordance with professional standards when “ Accounting for Convertible Securities with Beneficial Conversion Features
Reclassifications	Reclassifications Certain reclassifications have been made to conform to prior periods’ data to the current presentation. These reclassifications had no effect on reported losses.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2019, the FASB issued ASU 2019-09, “ Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting In August 2014, the FASB issued ASU 2014-15, “ Presentation of Financial Statements - Going Concern (Topic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern The FASB issued the following accounting standard updates related to Topic 606, Revenue Contracts with Customers: ● ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) ● ASU No. 2018-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) ● ASU No. 2018-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing ● ASU No. 2018-11, Revenue Recognition (Topic 605) and Derivatives and Hedging (Topic 815): Rescission of SEC Guidance Because of Accounting Standards Updates ● ASU No. 2018-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients These ASUs became effective for the Company beginning interim period beginning May 1, 2018. Adoption of this standard did not have a material impact on the Company’s consolidated financial statements. In February 2016, the FASB issued Accounting Standards Update No. 2016-02 Leases Leases A variety of proposed or otherwise potential accounting standards are currently under study by standard setting organizations and various regulatory agencies. Due to the tentative and preliminary nature of those proposed standards, we have yet to determine whether implementation of such proposed standards would be material to our consolidated financial statements.

SUMMARY OF ACCOUNTING POLICIE_2

SUMMARY OF ACCOUNTING POLICIES (Tables)	12 Months Ended
	Apr. 30, 2023
Accounting Policies [Abstract]
SCHEDULE OF DISAGGREGATION REVENUE	The following table presents our revenues disaggregated by revenue source: SCHEDULE OF DISAGGREGATION REVENUE 2023 2022 Year Ended April 30, 2023 2022 Information Technology $ 235,134 $ 219,404 New World Health Brands 21,772 26,065 Revenues $ 256,906 $ 245,469
SCHEDULE OF ESTIMATED USEFUL LIFE OF PROPERTY AND EQUIPMENT	SCHEDULE OF ESTIMATED USEFUL LIFE OF PROPERTY AND EQUIPMENT Leasehold improvements 3 years Furniture and fixtures 7 years Website costs 3 years Computer Equipment 5 years

NOTES PAYABLE AND DERIVATIVES (

NOTES PAYABLE AND DERIVATIVES (Tables)	12 Months Ended
	Apr. 30, 2023
Debt Disclosure [Abstract]
SCHEDULE OF NOTES PAYABLE	The Company has outstanding numerous notes payable to various parties. The notes bear interest at rates of 5 20 SCHEDULE OF NOTES PAYABLE Notes Payable April 30, 2023 April 30, 2022 Notes convertible at holder’s option $ 2,103,256 $ 2,522,925 Notes convertible at Company’s option 335,700 335,700 Non-convertible notes payable 2,659,519 1,821,650 Subtotal 5,098,475 4,680,275 Less debt discount - - Total $ 4,210,944 $ 4,680,275
SCHEDULE OF DERIVATIVE LIABILITIES ASSUMPTIONS USING BLACK-SCHOLES OPTION	The change in fair value of the derivative liabilities of convertible notes outstanding at April 30, 2022 and 2021 was calculated with the following average assumptions, using a Black-Scholes option-pricing model are as follows: SCHEDULE OF DERIVATIVE LIABILITIES ASSUMPTIONS USING BLACK-SCHOLES OPTION Significant Assumptions: Risk free interest rate Ranging from 1.4 4 % Expected stock price volatility 151 % Expected dividend payout 0 Expected options life in years Ranging from 1 2
SCHEDULE OF CHANGES IN DERIVATIVE LIABILITIES	Changes in derivative liability during the years ended April 30, 2023, and 2022 were: SCHEDULE OF CHANGES IN DERIVATIVE LIABILITIES 2023 2022 April 30, 2023 2022 Balance, beginning of year $ 3,546,283 $ 4,252,446 Derivative liability reclassified to additional paid in capital (0 ) (474,420 ) Derivative financial liability arising on the conversion of notes and warrants (195,968 ) - Fair value adjustments (1,974,548 ) (231,743 ) Balance, end of year $ 1,375,767 $ 3,546,283

EQUITY TRANSACTIONS (Tables)

EQUITY TRANSACTIONS (Tables)	12 Months Ended
	Apr. 30, 2023
Equity [Abstract]
SCHEDULE OF PREFERRED STOCK OUTSTANDING SHARES	As of April 30, 2023, and 2022 the Company had: SCHEDULE OF PREFERRED STOCK OUTSTANDING SHARES Preferred stock outstanding shares 2023 2022 Series A 125 125 Series B - - Series C 1,979,157 2,163,000 Series D 937,754 618,411 Preferred Stock

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Apr. 30, 2023
Fair Value Disclosures [Abstract]
SCHEDULE OF FAIR VALUES OF FINANCIAL LIABILITIES	The table below summarizes the fair values of financial liabilities as of April 30, 2023: SCHEDULE OF FAIR VALUES OF FINANCIAL LIABILITIES Fair Value at Fair Value Measurement Using April 30, 2023 Level 1 Level 2 Level 3 Derivative liabilities $ 1,375,767 - - $ 1,375,767 Fair values of financial liabilities as of April 30, 2022 are as follows: Fair Value at Fair Value Measurement Using April 30, 2022 Level 1 Level 2 Level 3 Derivative liabilities  $ 3,546,283 - - $ 9,549,640

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Apr. 30, 2023
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY AND EQUIPMENT	Major classes of property and equipment at April 30, 2023 and 2022 consist of the followings: SCHEDULE OF PROPERTY AND EQUIPMENT 2023 2022 Computer equipment, software and furniture $ 213,262 $ 213,262 Less: accumulated depreciation (213,262 ) (213,262 ) Net property and equipment $ - $ -

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Apr. 30, 2023
Income Tax Disclosure [Abstract]
SCHEDULE OF RECONCILIATION OF INCOME TAX RATE	A reconciliation of the federal statutory income tax rate to the Company’s effective income tax rate is as follows: SCHEDULE OF RECONCILIATION OF INCOME TAX RATE 2023 2022 Years Ended April 30, 2023 2022 Federal statutory income tax rate (21.0 )% (21.0 )% State income taxes, net of federal benefit (7.1 ) (7.1 ) Permanent differences 6.7 6.7 Change in valuation allowance 21.4 21.4 Provision for income taxes 0.0 % 0.0 %
SCHEDULE OF DEFERRED TAX ASSETS	Components of deferred tax assets as of April 30, 2022 and estimated 2021 are as follows: SCHEDULE OF DEFERRED TAX ASSETS 2023 2022 April 30, 2023 2022 Noncurrent: Net operating loss carry forward $ 13,612,679 $ 14,753,877 Valuation allowance (13,612,679 ) (14,753,877 ) Net deferred tax asset $ - $ -

SCHEDULE OF DISAGGREGATION REVE

SCHEDULE OF DISAGGREGATION REVENUE (Details) - USD ($)	Apr. 30, 2023	Apr. 30, 2022
Product Information [Line Items]
Revenues	$ 256,906	$ 245,469
Information Technology [Member]
Product Information [Line Items]
Revenues	235,134	219,404
New World Health Brands [Member]
Product Information [Line Items]
Revenues	$ 21,772	$ 26,065

SCHEDULE OF ESTIMATED USEFUL LI

SCHEDULE OF ESTIMATED USEFUL LIFE OF PROPERTY AND EQUIPMENT (Details)	Apr. 30, 2023
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Computer Equipment	3 years
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Computer Equipment	7 years
Website Costs [Member]
Property, Plant and Equipment [Line Items]
Computer Equipment	3 years
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Computer Equipment	5 years

SUMMARY OF ACCOUNTING POLICIE_3

SUMMARY OF ACCOUNTING POLICIES (Details Narrative) - shares	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Accounting Policies [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	81,000,000	81,000,000
Common stock to be issued	23,704,788	8,916,805

GOING CONCERN MATTERS (Details

GOING CONCERN MATTERS (Details Narrative) - USD ($)	Apr. 30, 2023	Apr. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Retained Earnings (Accumulated Deficit)	$ 66,150,857	$ 67,180,393
[custom:WorkingCapitalDeficit-0]	$ 10,247,188

SCHEDULE OF NOTES PAYABLE (Deta

SCHEDULE OF NOTES PAYABLE (Details) - USD ($)	Apr. 30, 2023	Apr. 30, 2022
Debt Instrument [Line Items]
Subtotal	$ 5,098,475	$ 4,680,275
Less debt discount
Total	4,210,944	4,680,275
Notes Convertible At Holders Option [Member]
Debt Instrument [Line Items]
Subtotal	2,103,256	2,522,925
Notes Convertible At Companys Option [Member]
Debt Instrument [Line Items]
Subtotal	335,700	335,700
Non Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Subtotal	$ 2,659,519	$ 1,821,650
Minimum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	5%
Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	20%

SCHEDULE OF DERIVATIVE LIABILIT

SCHEDULE OF DERIVATIVE LIABILITIES ASSUMPTIONS USING BLACK-SCHOLES OPTION (Details)	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Derivative liability, measurement input, expected dividend payout	1.4	1.4
Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Derivative liability, measurement input, expected dividend payout	4	4
Measurement Input, Price Volatility [Member]
Debt Instrument [Line Items]
Derivative liability, measurement input, expected dividend payout	151	151
Measurement Input Dividend Payout [Member]
Debt Instrument [Line Items]
Derivative liability, measurement input, expected dividend payout	0	0
Measurement Input, Expected Term [Member] | Minimum [Member]
Debt Instrument [Line Items]
Derivative liability, measurement input, expected life	1 year	1 year
Measurement Input, Expected Term [Member] | Maximum [Member]
Debt Instrument [Line Items]
Derivative liability, measurement input, expected life	2 years	2 years

SCHEDULE OF CHANGES IN DERIVATI

SCHEDULE OF CHANGES IN DERIVATIVE LIABILITIES (Details) - USD ($)	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Debt Disclosure [Abstract]
Balance, beginning of year	$ 3,546,283	$ 4,252,446
Derivative liability reclassified to additional paid in capital	0	(474,420)
Derivative financial liability arising on the conversion of notes and warrants	(195,968)
Fair value adjustments	(1,974,548)	(231,743)
Balance, end of year	$ 1,375,767	$ 3,546,283

NOTES PAYABLE AND DERIVATIVES_2

NOTES PAYABLE AND DERIVATIVES (Details Narrative) - USD ($)	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Debt Instrument [Line Items]
Amortization of debt discount	$ 0	$ 0
Minimum [Member]
Debt Instrument [Line Items]
Common stock discount rate, percentage	30%
Maximum [Member]
Debt Instrument [Line Items]
Common stock discount rate, percentage	48%

LOANS PAYABLE TO RELATED PART_2

LOANS PAYABLE TO RELATED PARTIES (Details Narrative) - USD ($)	Apr. 30, 2023	Apr. 30, 2022
Related Party [Member]
Related Party Transaction [Line Items]
Other Liabilities, Noncurrent	$ 435,753	$ 548,403

SCHEDULE OF PREFERRED STOCK OUT

SCHEDULE OF PREFERRED STOCK OUTSTANDING SHARES (Details) - shares	Apr. 30, 2023	Apr. 30, 2022
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock	125	125
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock	1,979,157	2,163,000
Series D Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock	937,754	618,411

EQUITY TRANSACTIONS (Details Na

EQUITY TRANSACTIONS (Details Narrative) - USD ($)		12 Months Ended
	Jul. 30, 2020	Apr. 30, 2023	Apr. 30, 2022
Class of Stock [Line Items]
Common stock, shares authorized		750,000,000	750,000,000
Common stock, par value		$ 0.001	$ 0.001
Reverse stock split	1 for 100 reverse stock split
Issuance of shares, reverse stock splits		7,027,930
Common stock, shares, issued		23,045,205	15,128,005
Common stock, shares, outstanding		23,045,205	15,128,005
Common classified to be issued		23,704,788	8,916,805
New issuance, shares		505,212
Common stock unissued		2,908,714
New issuance, value		$ 267,500
Stock issued during period value issuance of common shares for consulting services		$ 336,446	$ 159,011
Stock issued during period shares issuance of common shares for cash			3,102,346
Stock issued during period value issuance of common shares for cash			$ 212,500
Preferred Stock, Shares Authorized		10,000,000	10,000,000
Preferred Stock, Par or Stated Value Per Share		$ 0.001	$ 0.001
Consulting [Member]
Class of Stock [Line Items]
New issuance, shares		2,328,899
New issuance, value		$ 336,446
Stock issued during period value issuance of common shares for consulting services			$ 282,981
Stock issued during period shares issuance of common shares for consulting services			1,928,899
Accredited Investors [Member]
Class of Stock [Line Items]
New issuance, shares		250,000	330,179
Stock issued during period value issuance of common shares for consulting services		$ 34,410
Stocks issued as note holder incentives, shares			950,833
Stocks issued as note holder incentives, value			$ 83,447
Incentive Noteholders [Member]
Class of Stock [Line Items]
New issuance, shares		865,905
New issuance, value		$ 235,877
Accredited Investors One [Member]
Class of Stock [Line Items]
Stocks issued as note holder incentives, shares			378,909
Stocks issued as note holder incentives, value			$ 35,000
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock conversion, shares		462,792
Preferred stock conversion, value		1,388,000
Preferred Stock, Shares Authorized		4,200,000
Series D Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock conversion, shares		141,053
Preferred stock conversion, value		141,000
Series C Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Stocks issued as note holder incentives, shares			1,388,376
Series D Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Stocks issued as note holder incentives, shares			564,212
Series A Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized		35,850	35,850
Preferred Stock, Par or Stated Value Per Share		$ 100	$ 100
Series B convertible preferred stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized		1,000
Preferred Stock, Liquidation Preference Per Share		$ 10,000
Series C Redeemable Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized		4,200,000	4,200,000
Preferred Stock, Par or Stated Value Per Share		$ 0.001	$ 0.001
Preferred Stock, Liquidation Preference Per Share		$ 1	$ 1
Series D Redeemable Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred Stock, Shares Authorized		2,000,000	2,000,000
Preferred Stock, Par or Stated Value Per Share		$ 0.001	$ 0.001
Preferred Stock, Liquidation Preference Per Share		$ 1	$ 1
Post Split [Member]
Class of Stock [Line Items]
Common stock, shares, issued		23,045,205	15,125,005
Common stock, shares, outstanding		23,045,205	15,125,005

SCHEDULE OF FAIR VALUES OF FINA

SCHEDULE OF FAIR VALUES OF FINANCIAL LIABILITIES (Details) - USD ($)	Apr. 30, 2023	Apr. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	$ 1,375,767	$ 3,546,283
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	$ 1,375,767	$ 9,549,640

SCHEDULE OF PROPERTY AND EQUIPM

SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($)	Apr. 30, 2023	Apr. 30, 2022
Property, Plant and Equipment [Line Items]
Less: accumulated depreciation	$ (213,262)	$ (213,262)
Net property and equipment
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Computer equipment, software and furniture	$ 213,262	$ 213,262

WARRANTS (Details Narrative)

WARRANTS (Details Narrative)	12 Months Ended
	Apr. 30, 2023 USD ($) shares
Warrants
Warrants vested | shares	9,691,037
Fair value adjustment of warrants | $	$ 211,614

SCHEDULE OF RECONCILIATION OF I

SCHEDULE OF RECONCILIATION OF INCOME TAX RATE (Details)	12 Months Ended
	Apr. 30, 2023	Apr. 30, 2022
Income Tax Disclosure [Abstract]
Federal statutory income tax rate	(21.00%)	(21.00%)
State income taxes, net of federal benefit	(7.10%)	(7.10%)
Permanent differences	6.70%	6.70%
Change in valuation allowance	21.40%	21.40%
Provision for income taxes	0%	0%

SCHEDULE OF DEFERRED TAX ASSETS

SCHEDULE OF DEFERRED TAX ASSETS (Details) - USD ($)	Apr. 30, 2023	Apr. 30, 2022
Income Tax Disclosure [Abstract]
Net operating loss carry forward	$ 13,612,679	$ 14,753,877
Valuation allowance	(13,612,679)	(14,753,877)
Net deferred tax asset

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative)	12 Months Ended
	Apr. 30, 2023 USD ($)
Income Tax Disclosure [Abstract]
Operating loss carry forwards, net	$ 65,338,601
Operating loss carryforwards, expiration date	2036

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)		12 Months Ended
	Sep. 22, 2016	Apr. 30, 2023	Apr. 30, 2022	Feb. 26, 2015
Rent expenses		$ 68,000	$ 64,800
Number of shares issued during the period		505,212
Promissory Note [Member]
Aggregate note amount				$ 50,000
New York County Kings [Member]
Loss Contingency, Loss in Period	$ 102,170.82
Lender One [Member]
Debt principal amount		$ 8,365
Lender Two [Member]
Aggregate note amount		$ 55,125
Employment Agreement [Member] | Mr. Havens [Member]
Debt instrument, term		5 years
Number of shares issued during the period		37,625,574
Share price		$ 0.00308
Shares vested term		3 years
Employment Agreement [Member] | Ms. Ahman [Member]
Number of shares issued during the period		12,541,858
Share price		$ 0.00308
Executive Office Space [Member]
Lease expiring date		Jul. 31, 2018
Rent expenses		$ 5,100