SPARTA COMMERCIAL SERVICES, INC.: 10-Q/A filed 2023-03-27

Name: SPARTA COMMERCIAL SERVICES, INC.: 10-Q/A filed 2023-03-27
Creator: SPARTA COMMERCIAL SERVICES, INC.

What SPARTA COMMERCIAL SERVICES, INC. reported in its quarterly report amendment filed 2023-03-27 (fiscal Q3 2023): 35 published measures, 89 facts as tagged in accession 0001493152-23-009111.

This is an amendment. Values here are as tagged in the amendment; the original filing has its own page.

This filing

Form: 10-Q/A (quarterly report amendment)
Filed: 2023-03-27
Fiscal period: fiscal Q3 2023
Accession: 0001493152-23-009111 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.

Period	Value	Unit	Days
At 2023-01-31	17,037	USD
At 2022-04-30	17,739	USD

Total liabilities

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

Period	Value	Unit	Days
At 2023-01-31	13,841,564	USD
At 2022-04-30	19,768,428	USD

Stockholders equity

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

Period	Value	Unit	Days
At 2023-01-31	-14,818,496	USD
At 2022-04-30	-20,734,864	USD

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.

Period	Value	Unit	Days
At 2023-01-31	612	USD
At 2022-04-30	317	USD

Net income or loss

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

Period	Value	Unit	Days
2022-11-01 to 2023-01-31	1,085,686	USD	92
2022-08-01 to 2022-10-31	2,355,087	USD	92
2022-05-01 to 2022-07-31	1,105,275	USD	92
2021-11-01 to 2022-01-31	-1,743,526	USD	92
2021-08-01 to 2021-10-31	-4,759,169	USD	92
2021-05-01 to 2021-07-31	380,140	USD	92

Operating cash flow

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

Period	Value	Unit	Days
2022-05-01 to 2023-01-31	-1,047,550	USD	276
2021-05-01 to 2022-01-31	-469,506	USD	276

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2022-11-01 to 2023-01-31	63,670	USD	92
2022-05-01 to 2023-01-31	189,042	USD	276
2021-05-01 to 2022-01-31	187,103	USD	276

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.

Period	Value	Unit	Days
2022-11-01 to 2023-01-31	63,670	USD	92
2022-05-01 to 2023-01-31	189,042	USD	276
2021-05-01 to 2022-01-31	187,103	USD	276

Financing cash flow

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

Period	Value	Unit	Days
2022-05-01 to 2023-01-31	1,047,845	USD	276
2021-05-01 to 2022-01-31	499,821	USD	276

Retained earnings or deficit

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

Period	Value	Unit	Days
At 2023-01-31	-69,448,432	USD
At 2022-04-30	-73,984,686	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2022-11-01 to 2023-01-31	19,686,822	shares	92
2022-05-01 to 2023-01-31	18,074,511	shares	276
2021-05-01 to 2022-01-31	12,568,827	shares	276

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2022-11-01 to 2023-01-31	-0.05	USD/shares	92
2022-05-01 to 2023-01-31	0.25	USD/shares	276
2021-05-01 to 2022-01-31	-0.54	USD/shares	276

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.

Period	Value	Unit	Days
2022-11-01 to 2023-01-31	-349,167	USD	92
2022-05-01 to 2023-01-31	-1,124,368	USD	276
2021-05-01 to 2022-01-31	-692,465	USD	276

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.

Period	Value	Unit	Days
At 2023-01-31	8,037	USD
At 2022-04-30	8,739	USD

Current liabilities

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

Period	Value	Unit	Days
At 2023-01-31	13,446,811	USD
At 2022-04-30	19,336,025	USD

Net current accounts receivable

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

Period	Value	Unit	Days
At 2023-01-31	2,169	USD

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.

Period	Value	Unit	Days
2022-11-01 to 2023-01-31	403,695	USD	92
2022-05-01 to 2023-01-31	1,281,423	USD	276
2021-05-01 to 2022-01-31	847,017	USD	276

Net inventory

Inventory carrying amount after applicable valuation and LIFO reserves. It does not establish realizable selling proceeds or inventory turnover without other inputs.

Period	Value	Unit	Days
At 2023-01-31	5,256	USD
At 2022-04-30	8,422	USD

Gross profit

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

Period	Value	Unit	Days
2022-11-01 to 2023-01-31	54,528	USD	92
2022-05-01 to 2023-01-31	157,055	USD	276
2021-05-01 to 2022-01-31	154,552	USD	276

Research and development expense

Research and development costs recognized as expense. Capitalization policies and acquired projects can make this differ from total cash invested in development.

Period	Value	Unit	Days
2022-05-01 to 2023-01-31	41,969	USD	276

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.

Period	Value	Unit	Days
At 2023-01-31	21,581,449	shares
At 2022-04-30	15,128,005	shares

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.

Period	Value	Unit	Days
At 2023-01-31	54,570,072	USD
At 2022-04-30	53,210,921	USD

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.

Period	Value	Unit
At 2023-01-31	-13,824,527	USD
At 2022-10-31	-15,562,792	USD
At 2022-07-31	-18,250,448	USD
At 2022-04-30	-19,750,689	USD
At 2022-01-31	-17,614,168	USD
At 2021-10-31	-16,827,072	USD
At 2021-07-31	-11,747,580	USD
At 2021-04-30	-12,625,931	USD

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.

Period	Value	Unit	Days
At 2023-01-31	5,456,454	USD
At 2022-04-30	5,250,084	USD

Gross property, plant and equipment

Cost of property, plant and equipment before accumulated depreciation. Historical cost does not indicate current value or replacement cost.

Period	Value	Unit	Days
At 2023-01-31	213,262	USD
At 2022-04-30	213,262	USD

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.

Period	Value	Unit	Days
At 2023-01-31	213,262	USD
At 2022-04-30	213,262	USD

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2022-11-01 to 2023-01-31	-1,085,686	USD	92
2022-05-01 to 2023-01-31	4,546,048	USD	276
2021-05-01 to 2022-01-31	-6,852,259	USD	276

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.

Period	Value	Unit	Days
2022-11-01 to 2023-01-31	-1,082,605	USD	92
2022-05-01 to 2023-01-31	4,536,254	USD	276
2021-05-01 to 2022-01-31	-6,836,851	USD	276

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.

Period	Value	Unit	Days
2022-11-01 to 2023-01-31	403,695	USD	92
2022-05-01 to 2023-01-31	1,239,454	USD	276
2021-05-01 to 2022-01-31	847,017	USD	276

Depreciation, depletion and amortization

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

Period	Value	Unit	Days
2021-05-01 to 2022-01-31	262,466	USD	276

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.

Period	Value	Unit	Days
2022-11-01 to 2023-01-31	473	USD	92
2022-05-01 to 2023-01-31	473	USD	276
2021-05-01 to 2022-01-31	11,356	USD	276

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.

Period	Value	Unit	Days
2022-11-01 to 2023-01-31	1,434,852	USD	92
2022-05-01 to 2023-01-31	5,670,415	USD	276
2021-05-01 to 2022-01-31	-6,159,794	USD	276

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.

Period	Value	Unit	Days
2022-05-01 to 2023-01-31	135,000	USD	276
2021-05-01 to 2022-01-31	407,500	USD	276

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.

Period	Value	Unit	Days
2022-05-01 to 2023-01-31	2,168	USD	276
2021-05-01 to 2022-01-31	2,273	USD	276

Change in inventories

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

Period	Value	Unit	Days
2022-05-01 to 2023-01-31	-3,166	USD	276
2021-05-01 to 2022-01-31	-3,844	USD	276

Inspect the source

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

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import json
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with urlopen("https://canlicapital.com/company-data/0000318299.json") as response:
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print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
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