Sparta Commercial Services (SRCO) 10-K 14 Aug 24 2024 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Apr. 30, 2024	Aug. 14, 2024
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Apr. 30, 2024
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2024
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	$ 962,341
Entity Common Stock, Shares Outstanding		34,727,070
Documents Incorporated by Reference [Text Block]	None
Document Financial Statement Error Correction [Flag]	false
Auditor Firm ID	6771
Auditor Name	Victor Mokuolu,CPA LLC
Auditor Location	Houston, Texas

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Apr. 30, 2024	Apr. 30, 2023
Current Assets
Cash and cash equivalents	$ 100,953	$ 4,028
Accounts receivable	6,724
Inventory	3,004
Other current assets
Total Current Assets	110,681	4,028
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	119,681	13,028
Current Liabilities
Bank overdraft		54,410
Accounts payable and accrued expenses	1,208,194	1,698,457
Short Term Loan	1,585	1,585
Current portion notes payable	7,168,481	6,694,244
Derivative liabilities	740,940	1,375,767
Total Current Liabilities	9,119,200	9,824,463
Total Long Term Liabilities	637,077	435,753
Total liabilities	9,756,277	10,260,216
Stockholders’ Deficit:
Common stock, $0.001 par value; 750,000,000 shares authorized, and 29,495,189 and 23,045,205 shares issued and outstanding as of April 30, 2024 and April 30, 2023, respectively	29,495	23,045
Common stock to be issued 33,396,000 and 23,704,788 as of April 30, 2024 and April 30, 2023, respectively	33,396	23,705
Additional paid-in-capital	56,074,508	54,872,206
Accumulated deficit	(66,795,350)	(66,150,857)
Total deficiency in stockholders’ deficit	(10,643,131)	(11,216,483)
Non-controlling interest	1,006,534	969,295
Total Deficit	(9,636,597)	(10,247,189)
Total Liabilities and Stockholders’ Deficit	119,681	13,028
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	1,919	1,979
Series D Convertible Preferred Stock [Member]
Stockholders’ Deficit:
Preferred Stock Value	$ 401	$ 938

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Apr. 30, 2024	Apr. 30, 2023
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	29,495,189	23,045,205
Common stock shares outstanding	29,495,189	23,045,205
Common stock to be issued	33,396,000	23,704,788
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	1,919,157	1,979,157
Preferred stock, shares outstanding	1,919,157	1,979,157
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	400,877	937,701
Preferred stock, shares outstanding	400,877	937,701
Preferred stock, liquidation and redemption value per share	$ 1	$ 1

Consolidated Statement of Opera

Consolidated Statement of Operations - USD ($)	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Revenue
Total Revenue	$ 192,040	$ 256,906
Less Cost of goods sold	36,771	42,961
Gross profit	155,269	213,945
Operating expenses:
Compensation and Related cost	599,936	777,615
Accounting and Legal Fees	70,661	78,120
Consulting Fee	73,290	428,471
Rent and Lease	90,946	68,000
General office Expenses	184,929	251,394
Total operating expenses	1,019,762	1,603,600
Loss from operations	(864,493)	(1,389,655)
Other (income) expense:
Commision on Municipal Bonds	(17,051)	(5,357)
Interest Expense on notes	580,636	528,176
Write off convertible notes	(180,700)	(771,494)
Liabilities written back	(375,000)
Discount (Commitment Shares)	165,315
Warrant Expense	204,385
Loss (gain) in changes in fair value of derivative liability	(634,827)	(2,170,516)
Total other (income) expense	(257,242)	(2,419,191)
Net income (loss)	(607,251)	1,029,536
Net profit attributable to minority shareholder	(37,239)	(9,080)
Preferred dividend
Net income (loss) attributed to common stockholders	$ (644,490)	$ 1,020,456
Basic and diluted loss per share:
Income (Loss) from continuing operations attributable to Sparta Commercial Services, Inc. common stockholders, basic	$ (0.02)	$ 0.05
Income (Loss) from continuing operations attributable to Sparta Commercial Services, Inc. common stockholders, diluted	(0.02)	0.05
Net loss attributable to Sparta Commercial Services, Inc. common stockholders, basic	(0.02)	0.05
Net loss attributable to Sparta Commercial Services, Inc. common stockholders, diluted	$ (0.02)	$ 0.05
Weighted average shares outstanding, basic	28,256,600	19,378,437
Weighted average shares outstanding, diluted	28,256,600	19,378,437
Information Technology [Member]
Revenue
Total Revenue	$ 166,670	$ 235,134
New World Health Brands [Member]
Revenue
Total Revenue	$ 25,370	$ 21,772

Consolidated Statements of Defi

Consolidated Statements of Deficit - USD ($)	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Balance	$ (10,247,189)	$ (12,949,219)
Issuance of Preferred and Common Stock for Cash	170,000
Conversion of notes to common shares	184,891
Issuance of common shares for cash	306,043	$ 267,500
Issuance of common shares for cash, shares		505,212
Stocks issued as a note holder incentive	5,000	$ 223,478
Issuance of common shares for services	23,491	336,446
Stocks issued for equity/services	24,653
Conversion of notes payable	150,000
Conversion of preferred shares
Net Income (loss) for the year	(607,251)	1,020,456
Warrants issued on conversion of Notes	154,405
Warrants issued with Common Stock	49,977
Commitment Shares not yet issued	149,383
Balance	(9,636,597)	(10,247,189)
Conversion of Preferred to common shares C		297,884
Conversion of Preferred to common shares D		141,476
Issuance for Notes payable		34,410
Stocks issued for equity		147,480
Reconcilimg shares		232,900
Common Stock [Member]
Balance	$ 23,045	$ 15,128
Shares, Outstanding, Beginning Balance	23,045,205	15,128,005
Issuance of Preferred and Common Stock for Cash
Conversion of notes to common shares	$ 3,429
Conversion of notes to common shares, shares	3,428,505
Issuance of common shares for cash	$ 856	$ 505
Issuance of common shares for cash, shares	855,906	505,219
Stocks issued as a note holder incentive		$ 2,015
Stocks issued as a note holder incentive, shares		2,014,589
Issuance of common shares for services	$ 151	$ 2,329
Issuance of common shares for services, shares	151,000	2,328,899
Stocks issued for equity/services	$ 347
Stocks issued for equity/services, shares	346,995
Conversion of notes payable	$ 900
Conversion of notes payable, shares	900,000
Conversion of preferred shares	$ 767
Conversion of preferred shares, shares	767,578
Net Income (loss) for the year
Warrants issued on conversion of Notes
Warrants issued with Common Stock
Commitment Shares not yet issued
Balance	$ 29,495	$ 23,045
Balance, shares	29,495,189	23,045,205
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 D		$ 564
Conversion of Preferred to common shares D, shares		564,212
Issuance for Notes payable		$ 250
Issuance for Notes payable, shares		250,000
Stocks issued for equity		$ 866
Stocks issued for equity, shares		865,905
Common Stock to be Issued [Member]
Balance	$ 23,705	$ 8,292
Shares, Outstanding, Beginning Balance	23,704,788	8,916,805
Issuance of Preferred and Common Stock for Cash	$ 2,121
Issuance of Preferred and Common Stock for Cash, shares	2,121,000
Conversion of notes to common shares	$ 454
Conversion of notes to common shares, shares	454,000
Issuance of common shares for cash	$ 2,218	$ 2,909
Issuance of common shares for cash, shares	2,218,844	2,908,704
Stocks issued as a note holder incentive	$ 54	$ 507
Stocks issued as a note holder incentive, shares	54,000	507,360
Issuance of common shares for services
Stocks issued for equity/services	$ (347)
Stocks issued for equity/services, shares	(346,995)
Conversion of notes payable	$ 886
Conversion of notes payable, shares	886,000
Conversion of preferred shares	$ (170)
Conversion of preferred shares, shares	(170,754)
Net Income (loss) for the year
Warrants issued on conversion of Notes
Warrants issued with Common Stock
Commitment Shares not yet issued	$ 4,475
Commitment Shares not yet issued, shares	4,475,000
Balance	$ 33,395	$ 23,705
Balance, shares	28,920,883	23,704,788
Conversion of Preferred to common shares C, shares		1,175,101
Conversion of Preferred to common shares D
Issuance for Notes payable
Stocks issued for equity
Reconcilimg shares		$ 11,997
Reconciling shares, shares		11,371,919
Additional Paid in Capital Warrants [Member]
Balance
Net Income (loss) for the year
Warrants issued on conversion of Notes	154,408
Warrants issued with Common Stock	49,977
Commitment Shares not yet issued
Balance	204,385
Additional Paid-in Capital [Member]
Balance	54,872,206	53,213,898
Issuance of Preferred and Common Stock for Cash	167,879
Conversion of notes to common shares	181,008
Issuance of common shares for cash	302,969	264,086
Stocks issued as a note holder incentive	4,946	220,956
Issuance of common shares for services	23,340	334,117
Stocks issued for equity/services	24,653
Conversion of notes payable	148,214
Conversion of preferred shares
Net Income (loss) for the year
Warrants issued on conversion of Notes
Warrants issued with Common Stock
Commitment Shares not yet issued	144,908
Balance	55,870,124	54,872,206
Conversion of Preferred to common shares C		296,958
Conversion of Preferred to common shares D		141,053
Issuance for Notes payable		34,160
Stocks issued for equity		146,614
Reconcilimg shares		220,364
Retained Earnings [Member]
Balance	(66,150,857)	(67,180,393)
Issuance of Preferred and Common Stock for Cash
Conversion of notes to common shares
Issuance of common shares for cash
Stocks issued as a note holder incentive
Issuance of common shares for services
Stocks issued for equity/services
Conversion of notes payable
Conversion of preferred shares
Net Income (loss) for the year	(644,490)	1,029,536
Warrants issued on conversion of Notes	(3)
Warrants issued with Common Stock
Commitment Shares not yet issued
Balance	(66,795,350)	(66,150,857)
Conversion of Preferred to common shares C
Conversion of Preferred to common shares D
Issuance for Notes payable
Stocks issued for equity
Reconcilimg shares
Noncontrolling Interest [Member]
Balance	969,295	978,375
Issuance of Preferred and Common Stock for Cash
Conversion of notes to common shares
Issuance of common shares for cash
Stocks issued as a note holder incentive
Issuance of common shares for services
Stocks issued for equity/services
Conversion of notes payable
Conversion of preferred shares
Net Income (loss) for the year	37,239	(9,080)
Warrants issued on conversion of Notes
Warrants issued with Common Stock
Commitment Shares not yet issued
Balance	1,006,534	969,295
Conversion of Preferred to common shares C
Conversion of Preferred to common shares D
Issuance for Notes payable
Stocks issued for equity
Series A Preferred Stock [Member] | Preferred Stock [Member]
Balance	$ 12,500	$ 12,500
Shares, Outstanding, Beginning Balance	125	125
Issuance of Preferred and Common Stock for Cash
Issuance of common shares for cash
Stocks issued as a note holder incentive
Issuance of common shares for services
Stocks issued for equity/services
Conversion of notes payable
Conversion of preferred shares
Net Income (loss) for the year
Warrants issued on conversion of Notes
Warrants issued with Common Stock
Commitment Shares not yet issued
Balance	$ 12,500	$ 12,500
Balance, shares	125	125
Conversion of Preferred to common shares C
Issuance for Notes payable
Stocks issued for equity
Reconcilimg shares
Series C Preferred Stock [Member] | Preferred Stock [Member]
Balance	$ 1,979	$ 2,363
Shares, Outstanding, Beginning Balance	1,979,157	2,163,000
Issuance of Preferred and Common Stock for Cash
Issuance of common shares for cash
Stocks issued as a note holder incentive
Issuance of common shares for services
Stocks issued for equity/services
Conversion of notes payable
Conversion of preferred shares	$ (60)
Conversion of preferred shares, shares	(60,000)
Net Income (loss) for the year
Warrants issued on conversion of Notes
Warrants issued with Common Stock
Commitment Shares not yet issued
Balance	$ 1,919	$ 1,979
Balance, shares	1,919,157	1,979,157
Conversion of Preferred to common shares C		$ (462)
Conversion of Preferred to common shares C, shares		(462,792)
Issuance for Notes payable
Stocks issued for equity
Reconcilimg shares		$ 78
Reconciling shares, shares		278,949
Series D Preferred Stock [Member] | Preferred Stock [Member]
Balance	$ 938	$ 618
Shares, Outstanding, Beginning Balance	937,701	618,411
Issuance of Preferred and Common Stock for Cash
Conversion of notes to common shares
Issuance of common shares for cash
Stocks issued as a note holder incentive
Issuance of common shares for services
Stocks issued for equity/services
Conversion of notes payable
Conversion of preferred shares	$ (537)
Conversion of preferred shares, shares	(536,824)
Net Income (loss) for the year
Warrants issued on conversion of Notes
Warrants issued with Common Stock
Commitment Shares not yet issued
Balance	$ 401	$ 938
Balance, shares	400,877	937,701
Conversion of Preferred to common shares C
Conversion of Preferred to common shares D		$ (141)
Conversion of Preferred to common shares D, shares		(141,053)
Issuance for Notes payable
Stocks issued for equity
Reconcilimg shares		$ 461
Reconciling shares, shares		460,343

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income ( loss )	$ (607,251)	$ 1,020,456
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	(634,827)	(2,170,516)
Non-cash financing cost	154,405	(2,976)
Write off convertible notes	(180,700)
Shares issued for services	48,144
Stocks issued as note holder incentive	5,000
Conversion of notes payable to equity	500,804
Changes in operating assets and liabilities
Accounts receivable	(6,724)
Inventory	(3,004)
Other assets
Accounts payable and accrued expenses	(490,265)	(1,931,727)
Deferred revenue
Net cash used in operating activities	(1,214,419)	(3,084,763)
CASH FLOWS FROM INVESTING ACTIVITIES:
CASH FLOWS FROM FINANCING ACTIVITIES
Bank overdraft	(54,410)
Proceeds from sale of stock	476,043	1,245,190
Net Proceeds from notes payable	688,985	1,516,573
Proceeds from conversion		439,360
Changes in related parties	201,324	(112,650)
Conversion of promissory notes	(597)
Net cash provided by financing activities	1,311,345	3,088,474
Net (decrease) increase in cash	96,925	3,711
Cash and cash equivalents, beginning of period	4,028	317
Cash and cash equivalents , end of period	100,953	4,028
Cash paid for:
Interest
Income taxes

SUMMARY OF ACCOUNTING POLICIES

SUMMARY OF ACCOUNTING POLICIES	12 Months Ended
	Apr. 30, 2024
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, 2024, and 2023 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 2024 2023 Year Ended April 30, 2024 2023 Information Technology $ 166,670 $ 235,134 New World Health Brands 25,370 21,772 Revenues $ 192,040 $ 256,906 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, 2024 and 2023, 81 29,495,189 8,916,805 Derivative Liabilities The Company assessed the classification of its derivative financial instruments as of April 30, 2024 and 2023 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, 2024
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, 2024, the Company had an accumulated deficit of $ 66,795,350 9,008,519 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, 2024
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, 2024 April 30, 2023 Notes convertible at holder’s option $ 2,723,197 $ 2,103,256 Notes convertible at Company’s option 335,700 335,700 Non-convertible notes payable 2,399,221 2,659,519 Subtotal 5,498,118 5,098,475 Less debt discount - - Total $ 5,498,118 $ 5,098,475 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, 2024, and 2023 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, 2024 and 2023 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 123 % Expected dividend payout 0 Expected options life in years Ranging from 1 2 Changes in derivative liability during the years ended April 30, 2024, and 2023 were: SCHEDULE OF CHANGES IN DERIVATIVE LIABILITIES 2024 2023 April 30, 2024 2023 Balance, beginning of year $ 1,375,767 $ 3,546,283 Balance $ 1,375,767 $ 3,546,283 Derivative liability reclassified to additional paid in capital (0 ) (0 ) Derivative financial liability arising on the conversion of notes and warrants (241,391 ) (195,968 ) Fair value adjustments (393,436 ) (1,974,548 ) Balance, end of year $ 740,940 $ 1,375,767 Balance $ 740,940 $ 1,375,767

LOANS PAYABLE TO RELATED PARTIE

LOANS PAYABLE TO RELATED PARTIES	12 Months Ended
	Apr. 30, 2024
Related Party Transactions [Abstract]
LOANS PAYABLE TO RELATED PARTIES	NOTE D – LOANS PAYABLE TO RELATED PARTIES As of April 30, 2024, and 2023, aggregated loans payable to related parties and, without demand to officers and directors were $ 637,077 435,753

EQUITY TRANSACTIONS

EQUITY TRANSACTIONS	12 Months Ended
	Apr. 30, 2024
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”). The Amendment was 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 was automatically be converted into one share 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 was left with a fractional share, that stockholder received one full share in lieu of such fractional share. Immediately after the effectiveness of the reverse split, there were 7,027,930 The Company had 29,495,189 23,045,205 28,920,883 23,704,788 During the year ended April 30, 2024 the Company: ● Converted 20,000 767,578 ● Converted 134,206 536,824 ● Issued 1,512,759 123,000 ● Issued 185,000 15,905 ● Issued 25,000 3,875 ● Issued 3,507,952 256,716 ● Issued 149,989 23,490 During the year ended April 30, 2023 the Company: ● Converted 462,792 1,388,000 ● Converted 141,053 564,212 ● Issued 505,212 2,908,714 267,500 ● Issued 2,328,899 336,446 ● Issued 250,000 25,000 ● Issued 2,014,589 279,414 ● Issued 1,371,124 99,581 Preferred Stock The Company is authorized to issue 10,000,000 0.001 35,850 100 1,000 10,000 4,200,000 1 2,000,000 1 As of April 30, 2024, and 2023 the Company had: SCHEDULE OF PREFERRED STOCK OUTSTANDING SHARES Preferred stock outstanding shares 2024 2023 Series A 125 125 Series B - - Series C 1,919,157 1,979,157 Series D 400,877 937,701 Preferred stock outstanding shares 400,877 937,701

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Apr. 30, 2024
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, 2024: SCHEDULE OF FAIR VALUES OF FINANCIAL LIABILITIES Fair Value at Fair Value Measurement Using April 30, 2024 Level 1 Level 2 Level 3 Derivative liabilities $ 740,940 - - $ 740,940 Fair values of financial liabilities as of April 30, 2023 are as follows: Fair Value at Fair Value Measurement Using April 30, 2023 Level 1 Level 2 Level 3 Derivative liabilities  $ 1,375,767 - - $ 1,375,767 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, 2024
Property, Plant and Equipment [Abstract]
PROPERTY AND EQUIPMENT	NOTE G - PROPERTY AND EQUIPMENT Major classes of property and equipment at April 30, 2024 and 2023 consist of the followings: SCHEDULE OF PROPERTY AND EQUIPMENT 2024 2023 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, 2024 and 2023. No additional investment in equipment for both fiscal year.

WARRANTS AND STOCK OPTIONS_

WARRANTS AND STOCK OPTIONS:	12 Months Ended
	Apr. 30, 2024
Warrants And Stock Options
WARRANTS AND STOCK OPTIONS:	NOTE H – WARRANTS AND STOCK OPTIONS: Stock options totaling 290,000 11,812,708 204,385

INCOME TAXES

INCOME TAXES	12 Months Ended
	Apr. 30, 2024
Income Tax Disclosure [Abstract]
INCOME TAXES	NOTE I - INCOME TAXES At April 30, 2024, the Company has available for federal income tax purposes a net operating loss carry forward of approximately $66,795,347 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 2024 2023 Years Ended April 30, 2024 2023 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, 2024 and estimated 2023 are as follows: SCHEDULE OF DEFERRED TAX ASSETS 2024 2023 April 30, 2024 2023 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, 2024
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 $ 90,946 68,000 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 376,256 0.308 three years 125,419 0.308 three years 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, 2024, 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

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Apr. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE K – SUBSEQUENT EVENTS The Company has evaluated subsequent events for recognition and disclosure as of the date the financial statements were available to be issued. No other matters were identified affecting the accompanying financial statements and related disclosures. The Company issued 4,281,881 330,000 The Company issued 750,000 75,000 The Company issued 200,000

SUMMARY OF ACCOUNTING POLICIES

SUMMARY OF ACCOUNTING POLICIES (Policies)	12 Months Ended
	Apr. 30, 2024
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, 2024, and 2023 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 2024 2023 Year Ended April 30, 2024 2023 Information Technology $ 166,670 $ 235,134 New World Health Brands 25,370 21,772 Revenues $ 192,040 $ 256,906
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, 2024 and 2023, 81 29,495,189 8,916,805
Derivative Liabilities	Derivative Liabilities The Company assessed the classification of its derivative financial instruments as of April 30, 2024 and 2023 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, 2024
Accounting Policies [Abstract]
SCHEDULE OF DISAGGREGATION REVENUE	The following table presents our revenues disaggregated by revenue source: SCHEDULE OF DISAGGREGATION REVENUE 2024 2023 Year Ended April 30, 2024 2023 Information Technology $ 166,670 $ 235,134 New World Health Brands 25,370 21,772 Revenues $ 192,040 $ 256,906
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, 2024
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, 2024 April 30, 2023 Notes convertible at holder’s option $ 2,723,197 $ 2,103,256 Notes convertible at Company’s option 335,700 335,700 Non-convertible notes payable 2,399,221 2,659,519 Subtotal 5,498,118 5,098,475 Less debt discount - - Total $ 5,498,118 $ 5,098,475
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, 2024 and 2023 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 123 % 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, 2024, and 2023 were: SCHEDULE OF CHANGES IN DERIVATIVE LIABILITIES 2024 2023 April 30, 2024 2023 Balance, beginning of year $ 1,375,767 $ 3,546,283 Balance $ 1,375,767 $ 3,546,283 Derivative liability reclassified to additional paid in capital (0 ) (0 ) Derivative financial liability arising on the conversion of notes and warrants (241,391 ) (195,968 ) Fair value adjustments (393,436 ) (1,974,548 ) Balance, end of year $ 740,940 $ 1,375,767 Balance $ 740,940 $ 1,375,767

EQUITY TRANSACTIONS (Tables)

EQUITY TRANSACTIONS (Tables)	12 Months Ended
	Apr. 30, 2024
Equity [Abstract]
SCHEDULE OF PREFERRED STOCK OUTSTANDING SHARES	As of April 30, 2024, and 2023 the Company had: SCHEDULE OF PREFERRED STOCK OUTSTANDING SHARES Preferred stock outstanding shares 2024 2023 Series A 125 125 Series B - - Series C 1,919,157 1,979,157 Series D 400,877 937,701 Preferred stock outstanding shares 400,877 937,701

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Apr. 30, 2024
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, 2024: SCHEDULE OF FAIR VALUES OF FINANCIAL LIABILITIES Fair Value at Fair Value Measurement Using April 30, 2024 Level 1 Level 2 Level 3 Derivative liabilities $ 740,940 - - $ 740,940 Fair values of financial liabilities as of April 30, 2023 are as follows: Fair Value at Fair Value Measurement Using April 30, 2023 Level 1 Level 2 Level 3 Derivative liabilities  $ 1,375,767 - - $ 1,375,767

PROPERTY AND EQUIPMENT (Tables)

PROPERTY AND EQUIPMENT (Tables)	12 Months Ended
	Apr. 30, 2024
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY AND EQUIPMENT	Major classes of property and equipment at April 30, 2024 and 2023 consist of the followings: SCHEDULE OF PROPERTY AND EQUIPMENT 2024 2023 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, 2024
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 2024 2023 Years Ended April 30, 2024 2023 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, 2024 and estimated 2023 are as follows: SCHEDULE OF DEFERRED TAX ASSETS 2024 2023 April 30, 2024 2023 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 ($)	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Product Information [Line Items]
Revenues	$ 192,040	$ 256,906
Information Technology [Member]
Product Information [Line Items]
Revenues	166,670	235,134
New World Health Brands [Member]
Product Information [Line Items]
Revenues	$ 25,370	$ 21,772

SCHEDULE OF ESTIMATED USEFUL LI

SCHEDULE OF ESTIMATED USEFUL LIFE OF PROPERTY AND EQUIPMENT (Details)	Apr. 30, 2024
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, 2024	Apr. 30, 2023
Accounting Policies [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount	81,000,000	81,000,000
Common stock to be issued	29,495,189	8,916,805

GOING CONCERN MATTERS (Details

GOING CONCERN MATTERS (Details Narrative) - USD ($)	Apr. 30, 2024	Apr. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	$ 66,795,350	$ 66,150,857
Working capital deficit	$ 9,008,519

SCHEDULE OF NOTES PAYABLE (Deta

SCHEDULE OF NOTES PAYABLE (Details) - USD ($)	Apr. 30, 2024	Apr. 30, 2023
Short-Term Debt [Line Items]
Subtotal	$ 5,498,118	$ 5,098,475
Less debt discount
Total	5,498,118	5,098,475
Notes Convertible at Holders Option [Member]
Short-Term Debt [Line Items]
Subtotal	2,723,197	2,103,256
Notes Convertible at Companys Option [Member]
Short-Term Debt [Line Items]
Subtotal	335,700	335,700
Non Convertible Notes Payable [Member]
Short-Term Debt [Line Items]
Subtotal	$ 2,399,221	$ 2,659,519

SCHEDULE OF DERIVATIVE LIABILIT

SCHEDULE OF DERIVATIVE LIABILITIES ASSUMPTIONS USING BLACK-SCHOLES OPTION (Details)	12 Months Ended
	Apr. 30, 2024
Measurement Input, Risk Free Interest Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Derivative liability, measurement input, expected dividend payout	1.4
Measurement Input, Risk Free Interest Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Derivative liability, measurement input, expected dividend payout	4
Measurement Input, Price Volatility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Derivative liability, measurement input, expected dividend payout	123
Measurement Input Dividend Payout [Member]
Debt Instrument [Line Items]
Derivative liability, measurement input, expected dividend payout	0
Measurement Input, Expected Term [Member] | Minimum [Member]
Debt Instrument [Line Items]
Derivative liability, measurement input, expected life	1 year
Measurement Input, Expected Term [Member] | Maximum [Member]
Debt Instrument [Line Items]
Derivative liability, measurement input, expected life	2 years

SCHEDULE OF CHANGES IN DERIVATI

SCHEDULE OF CHANGES IN DERIVATIVE LIABILITIES (Details) - USD ($)	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Debt Disclosure [Abstract]
Balance	$ 1,375,767	$ 3,546,283
Derivative liability reclassified to additional paid in capital	0	0
Derivative financial liability arising on the conversion of notes and warrants	(241,391)	(195,968)
Fair value adjustments	(393,436)	(1,974,548)
Balance	$ 740,940	$ 1,375,767

NOTES PAYABLE AND DERIVATIVES_2

NOTES PAYABLE AND DERIVATIVES (Details Narrative) - USD ($)	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
Debt Instrument [Line Items]
Amortization of debt discount	$ 0	$ 0
Minimum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	5%
Common stock discount rate, percentage	30%
Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate	20%
Common stock discount rate, percentage	48%

LOANS PAYABLE TO RELATED PART_2

LOANS PAYABLE TO RELATED PARTIES (Details Narrative) - USD ($)	Apr. 30, 2024	Apr. 30, 2023
Related Party [Member]
Related Party Transaction [Line Items]
Loans and notes payable	$ 637,077	$ 435,753

SCHEDULE OF PREFERRED STOCK OUT

SCHEDULE OF PREFERRED STOCK OUTSTANDING SHARES (Details) - shares	Apr. 30, 2024	Apr. 30, 2023
Series A Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock outstanding shares	125	125
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock outstanding shares
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock outstanding shares	1,919,157	1,979,157
Series D Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock outstanding shares	400,877	937,701

EQUITY TRANSACTIONS (Details Na

EQUITY TRANSACTIONS (Details Narrative) - USD ($)		12 Months Ended
	Jul. 30, 2020	Apr. 30, 2024	Apr. 30, 2023
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		29,495,189	23,045,205
Common stock, shares, outstanding		29,495,189	23,045,205
Common classified to be issued		28,920,883	23,704,788
New issuance, shares			505,212
New issuance shares, value		$ 306,043	$ 267,500
Stock issued during period value issuance of common shares for consulting services		$ 23,491	$ 336,446
Common stock unissued			2,908,714
Preferred stock shares authorized		10,000,000	10,000,000
Preferred stock par value		$ 0.001	$ 0.001
Settlement of Notes Payable [Member]
Class of Stock [Line Items]
New issuance, shares			250,000
Stock issued during period value issuance of common shares for consulting services			$ 25,000
Incentive Noteholders [Member]
Class of Stock [Line Items]
New issuance, shares			2,014,589
New issuance shares, value			$ 279,414
Service [Member]
Class of Stock [Line Items]
New issuance, shares		149,989
Stock issued during period value issuance of common shares for consulting services		$ 23,490
Consulting Services [Member
Class of Stock [Line Items]
New issuance, shares		25,000	2,328,899
New issuance shares, value		$ 3,875	$ 336,446
Convertible Notes Payable [Member]
Class of Stock [Line Items]
New issuance, shares		3,507,952
New issuance shares, value		$ 256,716
Seven Accredited Investors [Member]
Class of Stock [Line Items]
New issuance, shares		1,512,759
New issuance shares, value		$ 123,000
Investor [Member]
Class of Stock [Line Items]
New issuance, shares		185,000
New issuance shares, value		$ 15,905
Six Accredited Investors [Member]
Class of Stock [Line Items]
New issuance, shares		1,371,124
New issuance shares, value		$ 99,581
Series C Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock conversion, shares		20,000	462,792
Common stock issued		767,578	1,388,000
Preferred stock shares authorized		4,200,000
Liquidation value per share		$ 1
Series D Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock conversion, shares		134,206	141,053
Common stock issued		536,824	564,212
Preferred stock shares authorized		2,000,000
Liquidation value per share		$ 1
Series A Convertible Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock shares authorized		35,850	35,850
Preferred stock par value		$ 100	$ 100
Series B Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock shares authorized		1,000
Liquidation value		$ 10,000
Post Split [Member]
Class of Stock [Line Items]
Common stock, shares, issued		29,495,189	23,045,205
Common stock, shares, outstanding		29,495,189	23,045,205

SCHEDULE OF FAIR VALUES OF FINA

SCHEDULE OF FAIR VALUES OF FINANCIAL LIABILITIES (Details) - USD ($)	Apr. 30, 2024	Apr. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	$ 740,940	$ 1,375,767
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	$ 740,940	$ 1,375,767

SCHEDULE OF PROPERTY AND EQUIPM

SCHEDULE OF PROPERTY AND EQUIPMENT (Details) - USD ($)	Apr. 30, 2024	Apr. 30, 2023
Property, Plant and Equipment [Abstract]
Computer equipment, software and furniture	$ 213,262	$ 213,262
Less: accumulated depreciation	(213,262)	(213,262)
Net property and equipment

WARRANTS AND STOCK OPTIONS_ (De

WARRANTS AND STOCK OPTIONS: (Details Narrative)	12 Months Ended
	Apr. 30, 2024 USD ($) shares
Options vested	11,812,708
Fair value adjustment of warrants | $	$ 204,385
Employees [Member]
Options issued for service provided	290,000

SCHEDULE OF RECONCILIATION OF I

SCHEDULE OF RECONCILIATION OF INCOME TAX RATE (Details)	12 Months Ended
	Apr. 30, 2024	Apr. 30, 2023
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, 2024	Apr. 30, 2023
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, 2024 USD ($)
Income Tax Disclosure [Abstract]
Operating loss carry forwards	$ 66,795,347
Operating loss carryforwards, expiration date	2036

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)				12 Months Ended
	Sep. 22, 2016	May 13, 2016	Apr. 01, 2016	Apr. 30, 2024	Apr. 30, 2023
Rent expenses				$ 90,946	$ 68,000
Number of shares issued during the period					505,212
New York County Kings [Member]
Loss contingency, loss in period	$ 102,170.82
Lender [Member]
Lender claiming amount		$ 8,365	$ 8,365
Lender One [Member]
Lender claiming amount				$ 55,125
Employment Agreement [Member] | Mr. Havens [Member]
Debt instrument, term				5 years
Number of shares issued during the period				376,256
Share price				$ 0.308
Shares vested term				3 years
Employment Agreement [Member] | Ms. Ahman [Member]
Number of shares issued during the period				125,419
Share price				$ 0.308
Shares vested term				3 years
Executive Office Space [Member]
Lease expiring date				Jul. 31, 2018
Rent expenses				$ 5,100

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	1 Months Ended	12 Months Ended
	Aug. 14, 2024	Apr. 30, 2024	Apr. 30, 2023
Subsequent Event [Line Items]
Issuance of common shares for cash, shares			505,212
Number of shares issued, value		$ 306,043	$ 267,500
Number of shares issued for services		$ 23,491	$ 336,446
Subsequent Event [Member]
Subsequent Event [Line Items]
Issuance of common shares for cash, shares	4,281,881
Number of shares issued, value	$ 330,000
Number of shares for debt conversion	750,000
Number of shares for debt conversion, amount	$ 75,000
Number of shares issued for services	$ 200,000