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SRCO on OTC

SPARTA COMMERCIAL SERVICES, INC.

SPARTA COMMERCIAL SERVICES, INC. is a business services company, listed on OTC (SRCO).1 It is headquartered in New York, New York.1

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Last updated Oct 21, 2026.

Overview

$345.3KRevenue, fiscal 20262
-$2.9MNet income, fiscal 20262

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  • TickerSRCO on OTC1
  • IndustryServices-Business Services, NEC1
  • HeadquartersNew York, New York1
  • Business address555 Fifth Avenue, 14Th Floor, New York, Ny 100173
  • Filer categoryNon-accelerated filer, Smaller reporting company3

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CEO has credited Agoge’s financing solutions for supporting a projected 50% revenue increase and enabling additional hiring.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

91.9%Gross margin2
-611.8%Operating margin2
-826.4%Net margin2
46.6%Revenue growth, 20262

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Merchant Financing brought in 50% of the revenue SPARTA COMMERCIAL SERVICES, INC. broke down this way in fiscal 2026.

  1. Merchant Financing$173.3K250%up 118% from 2025
  2. Information Technology$141.1K241%up 19% from 2025
  3. Wellness Products$30.9K29%down 18% from 2025
Products and services by year
Products and services20252026
Merchant Financing$79.5K$173.3K
Information Technology$118.3K$141.1K
Wellness Products$37.8K$30.9K

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue8¢$28.1K
  • Other costs92¢$317.2K

Out of $345.3K in revenue.2 The company lost money this year.

Financial statements

Revenue678910112$345.3K in 2026−10% since 2019
0$100.0K$200.0K$300.0K$400.0K2019: $384.7K$384.7K20192020: $320.8K$320.8K2020−17%2021: $259.7K$259.7K2021−19%2022: $245.5K$245.5K2022−5%2023: $256.9K$256.9K2023+5%2024: $192.0K$192.0K2024−25%2025: $235.5K$235.5K2025+23%2026: $345.3K$345.3K2026+47%
Gross profit678910112$317.2K in 2026−11% since 2019
0$100.0K$200.0K$300.0K$400.0K2019: $355.1K$355.1K20192020: $260.5K$260.5K2020−27%2021: $198.7K$198.7K2021−24%2022: $194.9K$194.9K2022−2%2023: $213.9K$213.9K2023+10%2024: $155.3K$155.3K2024−27%2025: $207.4K$207.4K2025+34%2026: $317.2K$317.2K2026+53%
Operating income678910112-$2.1M in 2026+149% since 2019
-$3.0M-$2.0M-$1.0M02019: -$847.0K-$847.0K20192020: -$792.0K-$792.0K2020−6%2021: -$1.2M-$1.2M2021+51%2022: -$1.7M-$1.7M2022+40%2023: -$1.4M-$1.4M2023−17%2024: -$864.5K-$864.5K2024−38%2025: -$1.2M-$1.2M2025+42%2026: -$2.1M-$2.1M2026+72%
Net income68910112-$2.9M in 2026+69% since 2019
-$3.0M-$2.0M-$1.0M0$1.0M$2.0M2019: -$1.7M-$1.7M20192020: -$787.2K-$787.2K2020−53%2021: -$2.3M-$2.3M2021+189%2022: -$2.2M-$2.2M2022−4%2023: $1.0M$1.0M20232024: -$607.3K-$607.3K20242025: -$2.1M-$2.1M2025+248%2026: -$2.9M-$2.9M2026+35%

Every line of the income statement as filed: the last 2 fiscal years, latest first.2

Period ending2026-04-302025-04-30
Total Revenue$345.3K$235.5K
Less Cost of goods sold$28.1K$28.2K
Gross profit$317.2K$207.4K
Compensation and related costs$996.3K$688.0K
Accounting and legal Fees$105.3K$66.9K
Consulting fees$283.2K$409.6K
Rent and lease$72.0K$72.0K
Provision for credit losses$751.2K
General office expenses$221.8K$196.0K
Total operating expenses$2.4M$1.4M
Loss from operations-$2.1M-$1.2M
Commission on Municipal Bonds-$13.3K-$21.8K
Interest Expense on notes$858.8K$656.8K
Loss (gain) in changes in fair value of derivative liability-$108.3K$266.7K
Other income$3.9K-$12.0K
Total other (income) expense$741.1K$889.6K
Net loss-$2.9M-$2.1M
Net profit (loss) attributable to minority shareholder$17.9K$8.9K
Net loss attributed to common stockholders-$2.9M-$2.1M
Loss from continuing operations attributable to Sparta Commercial Services, Inc. common stockholders, basic-$0-$0
Loss from continuing operations attributable to Sparta Commercial Services, Inc. common stockholders, diluted-$0-$0
Net loss attributable to Sparta Commercial Services, Inc. common stockholders, basic-$0.06-$0.06
Net loss attributable to Sparta Commercial Services, Inc. common stockholders, diluted-$0.06-$0.06
Weighted average shares outstanding, basic45.1M shares35.6M shares
Weighted average shares outstanding, diluted45.1M shares35.6M shares

Compare SPARTA COMMERCIAL SERVICES, INC. with another company

Corporate structure

SPARTA COMMERCIAL SERVICES, INC. sits at the top of its group. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • SPARTA COMMERCIAL SERVICES, INC. New York, New York
    • Agoge Global USA, Inc. Subsidiary · Nevada, United States
    • iMobile Solutions, Inc. Subsidiary · Nevada, United States
    • New World Health Brands, Inc. Subsidiary · Nevada, United States
    • Sparta Crypto, Inc. Subsidiary · Nevada, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What SPARTA COMMERCIAL SERVICES, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$213.3K2 Apr 30, 2026$213.3K2 Apr 30, 20250%
Accumulated depreciation$213.3K2 Apr 30, 2026$213.3K2 Apr 30, 20250%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$118.1K2 Apr 30, 2026$131.0K2 Apr 30, 2025−9.8%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.0K2 Apr 30, 2026$4.6K2 Apr 30, 2025−78.2%

Properties, in its own words

Our executive offices are located at 555 Fifth Avenue, 14th Floor, New York, NY 10017. We had an agreement for use of office space at this location under a sub-lease which expired July 31, 2018 and continues on a month-to-month basis thereafter. For the year ended April 30, 2026 and 2025, the rent was $72,000 and $72,000 respectively.

Item 2 of the 10-K filed Aug 13, 2026.5

Leadership

Who has led SPARTA COMMERCIAL SERVICES, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Anthony L. Havens2010–now

President

  1. Anthony L. Havens2006–2009

Chief operating officer

  1. Richard P. Trotter2010–2014
2010201520202025
Board members and other officers (6)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • Agoge Global USA, Inc. Nevada4
  • New World Health Brands, Inc. Nevada4
  • Sparta Crypto, Inc. Nevada4
  • iMobile Solutions, Inc. Nevada4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • TOMAHAWK INDUSTRIES INCNov 27, 2000 to Aug 27, 20043

Timeline

  1. Jan 20, 20268-K Unregistered sale of shares22
  2. Feb 7, 20258-K Unregistered sale of shares23
  3. Feb 23, 20248-K Unregistered sale of shares24
  4. Jul 13, 20238-K Change of auditor25
  5. Feb 10, 20238-K Unregistered sale of shares26
  6. Jan 3, 20238-K Change of auditor27
  7. Dec 23, 20228-K Unregistered sale of shares28
  8. Jan 7, 20228-K Unregistered sale of shares29
  9. May 14, 2010New chief executive Anthony L. Havens becomes CEO15

Filings

79 filings to the SEC since October 2021: 5 annual reports, 19 quarterly reports, 8 major events, 29 insider forms, 18 other. The latest 20:

  1. Sep 21, 202610-Q EDGAR
  2. Sep 14, 2026NT 10-Q EDGAR
  3. Aug 13, 202610-K EDGAR
  4. Jul 29, 2026NT 10-K EDGAR
  5. Mar 23, 202610-Q EDGAR
  6. Mar 17, 2026NT 10-Q EDGAR
  7. Jan 20, 20268-K EDGAR
  8. Jan 20, 20264 PRIMARY DOCUMENT EDGAR
  9. Jan 20, 20264 PRIMARY DOCUMENT EDGAR
  10. Jan 20, 20264 PRIMARY DOCUMENT EDGAR
  11. Jan 20, 20264 PRIMARY DOCUMENT EDGAR
  12. Jan 20, 20264 PRIMARY DOCUMENT EDGAR
  13. Dec 19, 202510-Q EDGAR
  14. Dec 15, 2025NT 10-Q EDGAR
  15. Sep 19, 202510-Q EDGAR
  16. Sep 15, 2025NT 10-Q EDGAR
  17. Aug 13, 202510-K EDGAR
  18. Jul 30, 2025NT 10-K EDGAR
  19. Mar 25, 202510-Q EDGAR
  20. Mar 17, 2025NT 10-Q EDGAR

The 79 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

6 open-market trades by officers, directors and large owners since October 2021: 6 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jan 16, 2026bean jeffrey buchananDirectorBuy73,000$0.09$6.6KForm 4
Feb 20, 2025bean jeffrey buchananDirectorBuy2,500$0.29$725Form 4
Feb 11, 2025bean jeffrey buchananDirectorBuy1,000$0.29$290Form 4
Oct 2, 2024bean jeffrey buchananDirectorBuy5,000$0.38$1.9KForm 4
May 15, 2024bean jeffrey buchananDirectorBuy75,702$0.07$5.3KForm 4
Feb 2, 2023bean jeffrey buchananDirectorBuy1,000$0.19$190Form 4

From Forms 4 filed with the SEC.

SEC filer profile

How SPARTA COMMERCIAL SERVICES, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARSPARTA COMMERCIAL SERVICES, INC.1
  • CIK0000318299
  • Employer ID (EIN)30-02981785
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; a shell company5
  • Incorporated innevada5
  • Fiscal year endsApril 301
  • Industry code (SIC)7389 Services-Business Services, NEC1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address555 Fifth Avenue, 14Th Floor, New York, NY 100171
  • Phone21223926661
  • Shares outstanding56,208,843 as of Sep 21, 202614
  • Public float$8.5M as of Apr 30, 20265
  • AuditorVICTOR MOKUOLU, CPA PLLC, Houston, Texas PCAOB ID 67715
  • On EDGAR sinceNov 27, 20001
  • Filings401 in all: 4 (80), 10-Q (55), NT 10-Q (52), 8-K (48), 10QSB (30), NT 10-K (19), 10-K (18), 10KSB (11)1
    All 36 form types

    3 (9), REGDEX/A (8), UPLOAD (8), 10-Q/A (7), CORRESP (7), 4/A (6), DEF 14C (4), SC 13D (4), 5 (3), EFFECT (3), REGDEX (3), S-8 (3), 3/A (2), 8-K/A (2), PRE 14C (2), S-1 (2), SB-2/A (2), SC 13G (2), SC 13G/A (2), 10-K/A (1), 10KSB/A (1), 424B3 (1), AW (1), DEFR14C (1), POS AM (1), S-1/A (1), SB-2 (1), SC 14F1 (1)

  • Latest filingsAnnual report (10-K) Aug 13, 2026
    Quarterly report (10-Q) Sep 21, 2026
    Latest 8-K (8-K) Jan 20, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, par value $0.001SRCO

From the cover page of the 10-K filed Aug 13, 2026 (Section 12(b) of the Exchange Act).5

Risk factors and legal proceedings

The risks SPARTA COMMERCIAL SERVICES, INC. names in Item 1A of its 10-K filed Aug 13, 2026: 45 risks under these headings, as written.5

  • Risks Related To Our Financial Condition
  • We have a history of operating losses.
  • Our business requires additional amounts of capital, and we will need to obtain additional financing in the near future.
  • We have a significant amount of debt which could impact our ability to continue to implement our business plan.
  • Our auditor’s opinion expresses doubt about our ability to continue as a “going concern”.
  • Risks Related to the Company
  • We are a small company in the information technology business.
  • We will require additional capital to implement our business plan and marketing strategies which we may be unable to secure.
  • We face security risks related to our electronic processing of sensitive and confidential customer and associate data.
  • We could be harmed by data loss or other security breaches
  • A variety of factors and economic forces may affect our operating results.
  • We are dependent on our management and the loss of any officer could hinder our implementation of our business plan.
The other 35 risks
  • Our business is dependent on intellectual property rights and we may not be able to protect such rights successfully.
  • Risks Related to our Subsidiary, New World Health Brands, Inc. (NWHB)
  • NWHB has limited operating history.
  • We need to raise additional capital to meet our future business requirements, and such capital raising may be costly or difficult to obtain and could dilute current stockholders’ ownership interests.
  • Our future success will depend on our ability to increase revenues.
  • NWHB has losses which we expect to continue and there is no assurance our future operations will result in profitable revenues. If we cannot generate sufficient revenues to operate profitably or are unable to raise additional funds, we may consider a merger, acquisition, joint venture, strategic alliance, a roll-up, or other business combination to increase business.
  • We may not be successful in increasing our brand awareness which would adversely affect our business, result of operations, and financial condition.
  • We may not be able to successfully manage our growth.
  • If we do not successfully establish and maintain our brand as highly trusted and respected or are unable to attract and retain clients, we could sustain loss of revenues, which could significantly affect our business, financial condition, and results of operations.
  • Uninsured Losses
  • RISKS RELATED TO OUR INDUSTRY
  • We are dependent on third party merchant credit card processors.
  • We are dependent on the Internet infrastructure.
  • Risks Related to Investment in our Company
  • The market for our common stock could be volatile and could decline when you want to sell your holdings.
  • Our common stock will be subject to the “penny stock” rules of the SEC, which may make it more difficult for stockholders to sell our common stock.
  • We are subject to variable conversion prices and adjustments related to certain of our convertible notes and our common stock purchase warrants which could cause significant dilution to stockholders and adversely impact the price of our common stock.
  • Failure to maintain effective internal controls in accordance with Section 404 of the Sarbanes-Oxley Act could have a material adverse effect on our business and operating results and stockholders could lose confidence in our financial reporting.
  • We have not paid dividends on our common stock in the past and do not expect to pay dividends on our common stock for the foreseeable future. Any return on investment may be limited to the value of our common stock.
  • The requirements of being a public company may strain our resources, divert management’s attention and affect our ability to attract and retain qualified board members.
  • Future sales of our equity securities could result in downward selling pressure on our securities, and may adversely affect the stock price.
  • We have authorized several classes of preferred stock that may alter the rights of common stockholders by giving preferred stockholders greater dividend rights, liquidation rights and voting rights than our common stockholders have.
  • Risks Relating to our Fintech Segment
  • Our fintech unit operating results may significantly fluctuate
  • Our total fintech revenue will be substantially dependent on the volume of transactions conducted on our platforms. If volume declines, our business, operating results, and financial condition would be adversely affected and the price of our common stock could decline.
  • Cyberattacks and security breaches of our platform, or those impacting our customers or third parties, could adversely affect our brand, reputation, business, operating results, and financial condition.
  • We are subject to an extensive, highly-evolving, and uncertain regulatory landscape and any adverse changes to, or our failure to comply with, any laws and regulations could adversely affect our brand, reputation, business, operating results, and financial condition.
  • Any significant disruption in our products and services, in our information technology systems, or in any of the blockchain networks we support, could result in a loss of customers or funds and adversely affect our brand, reputation, business, operating results, and financial condition.
  • If we fail to retain existing customers or add new customers, or if our customers decrease their level of engagement with our products, services and platform, our business, operating results, and financial condition may be significantly harmed.
  • Our operating expenses may increase in the future and we may not be successful in increasing our revenue to sufficiently offset these higher expenses, which could impact our ability to achieve profitability or positive cash flow from operations on a consistent basis and cause our business, operating results, and financial condition to be adversely affected.
  • If we do not effectively manage our growth, including by maintaining and improving our systems and processes, our business, operating results, and financial condition could be adversely affected.
  • Due to our limited fintech operating history, it may be difficult to evaluate our business and future prospects, and we may not be able to achieve or maintain profitability in any given period.
  • Any acquisitions and investments that we make could require significant management attention, disrupt our business, result in dilution to our stockholders, and could adversely affect our business, operating results, and financial condition.
  • If we fail to develop, maintain, and enhance our brand and reputation, our business, operating results, and financial condition could be adversely affected.
  • Internal key business metrics and other estimates are subject to inherent challenges in measurement and change as our business evolves, and our business, operating results, and financial condition could be adversely affected by real or perceived inaccuracies in those metrics or any changes in metrics we disclose.
  • Our platform may be exploited to facilitate illegal activity such as fraud, money laundering, gambling, tax evasion, and scams. If our platform is used to further such illegal activities, our business, operating results, and financial condition could be adversely affected.
  • Our compliance and risk management methods might not be effective and may result in outcomes that could adversely affect our reputation, operating results, and financial condition.
  • The crypto-economy is novel. As a result, policymakers are just beginning to consider what a regulatory regime for crypto would look like and the elements that would serve as the foundation for such a regime. This less developed consideration of crypto may harm our ability to effectively react to proposed legislation and regulation of crypto assets or crypto asset platforms adverse to our business.
  • We obtain and process a large amount of sensitive customer data. Any real or perceived improper use of, disclosure of, or access to such data could harm our reputation, as well as adversely affect our business, operating results, and financial condition.
  • We are subject to laws, regulations, and industry requirements related to data privacy, data protection and information security, and user protection where we conduct our business, and industry requirements and such laws, regulations, and industry requirements are constantly evolving and changing. Any actual or perceived failure to comply with such laws, regulations, and industry requirements, or our privacy policies, could harm our business.

Legal proceedings

As of April 30, 2026, there is no pending litigation against Sparta.

The opening of Item 3, Legal Proceedings.5

Sources

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