Sparta Commercial Services, Inc. / "Research and Development" | Tables in SEC filings

SRCO Sparta Commercial Services, Inc.

Quarterly report (amended)

	2024		2023		2024		2023
	For three months ended January				For nine months ended January
	2024		2023		2024		2023
Revenue
Information technology	$	30,071	$	60,120	$	128,142	$	173,559
New World Health Brands		6,665		3,550		23,291		15,483
Total Revenue		36,736		63,670		151,433		189,042
Less Cost of goods sold		8,010		9,142		31,069		31,987
Gross profit	$	28,725	$	54,528	$	120,363	$	157,055
Operating expenses:
Compensation and Related Cost		128,229		248,614		428,021		594,300
Consulting Fee		15,780		22,611		50,670		356,001
Rent and lease		18,000		17,100		54,000		49,700
Accounting and Legal		6,271		19,763		51,921		42,763
General and administrative		78,722		95,607		282,273		238,659
Research and Development		-		-		-		-
Total operating expenses		247,003		403,695	$	866,886	$	1,281,423
Loss from operations	$	(218,278)	$	(349,167)	$	(746,523)	$	(1,124,368)
Other Income ( expense)
Commission on municipal bonds	$	8,680	$	473	$	12,577	$	473
Financing cost		(149,517)		2,305		(434,385)		-
Write off convertible notes and bad debt		97,505		(324,970)		158,294		625,064
Gain (loss) in changes in fair value of derivative liability		165,567		1,757,044		342,940		5,044,879
Total other (income) expense	$	122,235	$	1,434,852	$	79,426	$	5,670,416
Net income (loss)		(96,043)		1,085,685		(667,097)		4,546,048
Net profit attributable to minority shareholder		(3,514)		(3,080)		(8,195)		(9,794)
Preferred dividend		-				-		-
Net income (loss) attributed to common stockholders	$	(99,556)	$	1,082,605	$	(675,291)	$	4,536,254
Basic and diluted loss per share:
Loss from continuing operations attributable to Sparta Commercial Services, Inc. common stockholders		-		-		-		-
Net loss attributable to Sparta Commercial Services, Inc. common stockholders	$	(0.004)	$	(0.05)	$	(0.037)	$	0.25
Weighted average shares outstanding		25,432,999		19,686,822		18,074,511		18,074,511

	January 31, 2024		January 31, 2023		Increase (Decrease)		%
Compensation, option, and related cost	$	428,021	$	594,300	$	(166,279)		(28	)%
Accounting, audit and professional fees		51,921		42,763		9,158		21	%
Consulting Fees		50,670		356,001		(305,331)		(86	)%
Rent and Utilities		54,000		49,700		4,300		9	%
General office expenses		282,273		238,659		43,614		18	%
Research and development		-
	$	866,886	$	1,281,423	$	(414,537)		(32	)%

	January 31, 2024		January 31, 2023		Increase (Decrease)		%
Compensation, option, and related cost	$	428,021	$	594,299	$	(166,279)		(28	)%
Accounting, audit and professional fees		51,921		42,763		9,158		21	%
Consulting Fees		50,670		356,000		(305,331)		(86	)%
Rent and Utilities		54,000		49,700		4,300		9	%
General office expenses		308,773		238,659		70,114		29	%
Research and development		-
	$	893,386	$	1,281,423	$	(388,037)		(30	)%

Table search / Sparta Commercial Services, Inc. / "Research and Development"

4 results

Top filers

Top filing types

Recent filing years