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SPARTA COMMERCIAL SERVICES, INC.: 10-Q filed 2020-07-09

What SPARTA COMMERCIAL SERVICES, INC. reported in its quarterly report filed 2020-07-09 (fiscal Q2 2018): 31 published measures, 78 facts as tagged in accession 0001493152-20-012932.

This filing

Form
10-Q (quarterly report)
Filed
2020-07-09
Fiscal period
fiscal Q2 2018
Accession
0001493152-20-012932 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All SPARTA COMMERCIAL SERVICES, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

PeriodValueUnitDays
At 2017-10-31106,418USD
At 2017-04-3098,531USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

PeriodValueUnitDays
At 2017-10-3110,554,718USD
At 2017-04-3010,213,933USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

PeriodValueUnitDays
At 2017-10-31-11,377,156USD
At 2017-04-30-11,030,405USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

PeriodValueUnitDays
At 2017-10-31150USD
At 2017-04-30636USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

PeriodValueUnitDays
2017-08-01 to 2017-10-31-372,858USD92
2017-05-01 to 2017-10-31-733,100USD184
2016-08-01 to 2016-10-311,790USD92
2016-05-01 to 2016-10-31-1,185,674USD184

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

PeriodValueUnitDays
2017-05-01 to 2017-10-31-361,204USD184
2016-05-01 to 2016-10-31-464,487USD184

Contract revenue excluding tax

Revenue from customer contracts excluding assessed taxes under this specific taxonomy concept. It is not automatically comparable to older revenue tags.

PeriodValueUnitDays
2017-08-01 to 2017-10-31112,707USD92
2017-05-01 to 2017-10-31230,914USD184
2016-08-01 to 2016-10-31133,242USD92
2016-05-01 to 2016-10-31294,689USD184

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

PeriodValueUnitDays
2017-05-01 to 2017-10-31360,718USD184
2016-05-01 to 2016-10-31437,439USD184

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

PeriodValueUnitDays
At 2017-10-31-58,133,673USD
At 2017-04-30-57,386,338USD

Net property, plant and equipment

Carrying amount of property, plant and equipment after accumulated depreciation, depletion and amortization. It is not replacement cost or market value.

PeriodValueUnitDays
At 2017-10-313,189USD
At 2017-04-304,425USD

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

PeriodValueUnitDays
2016-05-01 to 2016-10-311,800USD184

Operating income or loss

Operating revenue less operating expenses for the reporting period. It excludes items outside the reported operating result and is not free cash flow.

PeriodValueUnitDays
2017-08-01 to 2017-10-31-211,264USD92
2017-05-01 to 2017-10-31-480,468USD184
2016-08-01 to 2016-10-31-203,443USD92
2016-05-01 to 2016-10-31-564,715USD184

Current assets

Assets classified as current under the normal operating cycle or one-year boundary. Not all current assets can be converted immediately into cash.

PeriodValueUnitDays
At 2017-10-314,825USD
At 2017-04-304,702USD

Current liabilities

Obligations classified as current under the operating-cycle or one-year boundary. The balance includes more than short-term borrowing.

PeriodValueUnitDays
At 2017-10-3110,123,785USD
At 2017-04-309,783,000USD

Net current accounts receivable

Current customer receivables after the allowance for credit loss. The balance is not cash collected or a guarantee of collection.

PeriodValueUnitDays
At 2017-10-314,636USD
At 2017-04-304,066USD

Operating expenses

Recurring operating costs under this accounting concept, generally excluding production costs included in cost of sales. Check filing presentation before combining expense subtotals.

PeriodValueUnitDays
2017-08-01 to 2017-10-31312,542USD92
2017-05-01 to 2017-10-31687,384USD184
2016-08-01 to 2016-10-31324,283USD92
2016-05-01 to 2016-10-31832,516USD184

Gross profit

Revenue less the costs directly attributed to the goods or services sold. It precedes other operating expenses and is not net income.

PeriodValueUnitDays
2017-08-01 to 2017-10-31101,278USD92
2017-05-01 to 2017-10-31206,916USD184
2016-08-01 to 2016-10-31120,840USD92
2016-05-01 to 2016-10-31267,801USD184

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

PeriodValueUnitDays
At 2017-10-31573,097,132shares
At 2017-04-30419,912,451shares

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

PeriodValueUnitDays
At 2017-10-3146,081,533USD
At 2017-04-3045,736,885USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

PeriodValueUnitDays
At 2017-10-31-10,448,300USD
At 2017-04-30-10,115,402USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

PeriodValueUnitDays
At 2017-10-314,451,126USD
At 2017-04-304,262,409USD

Accumulated depreciation on property, plant and equipment

Cumulative depreciation, depletion and amortization recorded against property, plant and equipment. It measures cost allocation to date, not physical wear or market value.

PeriodValueUnitDays
At 2017-10-31207,600USD
At 2017-04-30206,362USD

Other noncurrent assets

Noncurrent assets the filer does not present separately. The composition differs by filer and is described only in the filing.

PeriodValueUnitDays
At 2017-10-319,628USD
At 2017-04-309,628USD

Net income available to common stockholders

Net income after preferred dividends and similar adjustments, the numerator for basic earnings per share. It can be lower than reported net income.

PeriodValueUnitDays
2017-08-01 to 2017-10-31-380,446USD92
2017-05-01 to 2017-10-31-747,335USD184
2016-08-01 to 2016-10-31-5,074USD92
2016-05-01 to 2016-10-31-1,199,093USD184

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

PeriodValueUnitDays
2017-08-01 to 2017-10-31311,923USD92
2017-05-01 to 2017-10-31686,147USD184
2016-08-01 to 2016-10-31323,665USD92
2016-05-01 to 2016-10-31831,280USD184

Depreciation, depletion and amortization

Combined depreciation, depletion and amortization for the period. A noncash allocation of asset cost, not a measure of maintenance spending.

PeriodValueUnitDays
2017-05-01 to 2017-10-311,237USD184
2016-05-01 to 2016-10-311,236USD184

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

PeriodValueUnitDays
2017-08-01 to 2017-10-31-2,510USD92
2017-05-01 to 2017-10-31-4,610USD184
2016-08-01 to 2016-10-31-4,599USD92
2016-05-01 to 2016-10-31-4,599USD184

Nonoperating income or expense

Total nonoperating income or expense, which can include interest, investment results and other items. A positive value is not operating profit.

PeriodValueUnitDays
2017-08-01 to 2017-10-31153,121USD92
2017-05-01 to 2017-10-31263,436USD184
2016-08-01 to 2016-10-31-213,071USD92
2016-05-01 to 2016-10-31602,157USD184

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

PeriodValueUnitDays
2017-05-01 to 2017-10-314,446USD184
2016-05-01 to 2016-10-316,741USD184

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

PeriodValueUnitDays
2017-05-01 to 2017-10-31245,000USD184

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

PeriodValueUnitDays
2017-05-01 to 2017-10-31570USD184
2016-05-01 to 2016-10-313,629USD184

Inspect the source

Entity
SPARTA COMMERCIAL SERVICES, INC. / CIK 0000318299
Captured
2026-09-19T14:56:38.669Z
SEC response SHA-256
923b5a10d2ff28a6e30ea48c6c3110d171e0f4d28c6954f20195a0be5d70586d

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

Public company accounting reference, not market prices, returns, an investment recommendation, or ALPHAC performance. Validate a separately constructed return series with the validation API; accounting values are not returns.

Use this in research

A financial period ends before its results become public. Use the filing date as a minimum availability boundary, inspect amendments, and retain the original filing vintage when testing historical signals. This latest-filed selection can contain information unavailable at the time.

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Use these accounting records as inspectable inputs. When you have constructed a return series, the validation tools can help test its statistical evidence and preserve the result with its limitations.

Read the published dataset with Python
import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0000318299.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))