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SPARTA COMMERCIAL SERVICES, INC.: 10-Q filed 2024-12-23

What SPARTA COMMERCIAL SERVICES, INC. reported in its quarterly report filed 2024-12-23 (fiscal Q2 2025): 31 published measures, 95 facts as tagged in accession 0001493152-24-051860.

This filing

Form
10-Q (quarterly report)
Filed
2024-12-23
Fiscal period
fiscal Q2 2025
Accession
0001493152-24-051860 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 2024-10-31635,850USD
At 2024-04-30119,681USD

Total liabilities

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

PeriodValueUnitDays
At 2024-10-3110,802,513USD
At 2024-04-309,756,278USD

Stockholders equity

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

PeriodValueUnitDays
At 2024-10-31-11,171,586USD
At 2024-04-30-10,643,131USD

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 2024-10-3193,840USD
At 2024-04-30100,953USD

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
2024-08-01 to 2024-10-31-417,800USD92
2024-05-01 to 2024-10-31-1,382,316USD184
2024-05-01 to 2024-07-31-964,516USD92
2023-08-01 to 2023-10-31-362,419USD92
2023-05-01 to 2023-10-31-571,053USD184
2023-05-01 to 2023-07-31-208,634USD92

Operating cash flow

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

PeriodValueUnitDays
2024-05-01 to 2024-10-31-1,000,863USD184
2023-05-01 to 2023-10-31-439,815USD184

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
2024-08-01 to 2024-10-3147,808USD92
2024-05-01 to 2024-10-3189,359USD184
2024-05-01 to 2024-07-3141,551USD92
2023-08-01 to 2023-10-3152,418USD92
2023-05-01 to 2023-10-31114,697USD184

Financing cash flow

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

PeriodValueUnitDays
2024-05-01 to 2024-10-31993,750USD184
2023-05-01 to 2023-10-31440,349USD184

Retained earnings or deficit

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

PeriodValueUnitDays
At 2024-10-31-68,176,055USD
At 2024-04-30-66,795,350USD

Basic weighted-average shares

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

PeriodValueUnitDays
2024-08-01 to 2024-10-3135,388,095shares92
2024-05-01 to 2024-10-3132,872,509shares184
2023-08-01 to 2023-10-3124,323,456shares92
2023-05-01 to 2023-10-3124,323,456shares184

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

PeriodValueUnitDays
2024-08-01 to 2024-10-3135,388,095shares92
2024-05-01 to 2024-10-3132,872,509shares184
2023-08-01 to 2023-10-3124,323,456shares92
2023-05-01 to 2023-10-3124,323,456shares184

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.

PeriodValueUnitDays
2024-08-01 to 2024-10-31-0.01USD/shares92
2024-05-01 to 2024-10-31-0.04USD/shares184
2023-08-01 to 2023-10-31-0.01USD/shares92
2023-05-01 to 2023-10-31-0.02USD/shares184

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

PeriodValueUnitDays
2024-08-01 to 2024-10-31-0.01USD/shares92
2024-05-01 to 2024-10-31-0.04USD/shares184
2023-08-01 to 2023-10-31-0.01USD/shares92
2023-05-01 to 2023-10-31-0.02USD/shares184

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
2024-08-01 to 2024-10-31-328,896USD92
2024-05-01 to 2024-10-31-672,690USD184
2023-08-01 to 2023-10-31-266,563USD92
2023-05-01 to 2023-10-31-528,245USD184

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 2024-10-31626,850USD
At 2024-04-30110,681USD

Current liabilities

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

PeriodValueUnitDays
At 2024-10-3110,460,684USD
At 2024-04-309,756,278USD

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 2024-10-313,081USD
At 2024-04-306,724USD

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
2024-08-01 to 2024-10-31372,050USD92
2024-05-01 to 2024-10-31748,812USD184
2023-08-01 to 2023-10-31304,846USD92
2023-05-01 to 2023-10-31619,883USD184

Net inventory

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

PeriodValueUnitDays
At 2024-10-316,163USD
At 2024-04-303,004USD

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
2024-08-01 to 2024-10-3143,154USD92
2024-05-01 to 2024-10-3176,122USD184
2023-08-01 to 2023-10-3138,283USD92
2023-05-01 to 2023-10-3191,638USD184

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 2024-10-3136,210,837shares
At 2024-04-3029,495,189shares

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 2024-10-3156,592,040USD
At 2024-04-3055,870,123USD

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 2024-10-31-10,166,663USD
At 2024-07-31-10,076,915USD
At 2024-04-30-9,636,597USD
At 2023-10-31-10,538,570USD
At 2023-07-31-10,274,679USD
At 2023-04-30-10,247,189USD

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 2024-10-317,827,322USD
At 2024-04-307,168,481USD

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.

PeriodValueUnitDays
2024-08-01 to 2024-10-31-417,800USD92
2024-05-01 to 2024-10-31-1,382,316USD184
2023-08-01 to 2023-10-31-362,419USD92
2023-05-01 to 2023-10-31-571,053USD184

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
2024-08-01 to 2024-10-31-417,532USD92
2024-05-01 to 2024-10-31-1,380,705USD184
2023-08-01 to 2023-10-31-364,391USD92
2023-05-01 to 2023-10-31-575,734USD184

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
2024-08-01 to 2024-10-3150,999USD92
2024-05-01 to 2024-10-3197,351USD184
2023-08-01 to 2023-10-3189,239USD92
2023-05-01 to 2023-10-31203,551USD184

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
2024-08-01 to 2024-10-31-88,904USD92
2024-05-01 to 2024-10-31-709,626USD184
2023-08-01 to 2023-10-31-95,856USD92
2023-05-01 to 2023-10-31-42,808USD184

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
2024-05-01 to 2024-10-31547,500USD184
2023-05-01 to 2023-10-31105,461USD184

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
2024-05-01 to 2024-10-31-3,643USD184
2023-05-01 to 2023-10-31870USD184

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.

PeriodValueUnitDays
2024-05-01 to 2024-10-313,159USD184
2023-05-01 to 2023-10-312,022USD184

Inspect the source

Entity
SPARTA COMMERCIAL SERVICES, INC. / CIK 0000318299
Captured
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.

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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"])))