SRCO · Sparta Commercial Services, Inc. · Debt
$0.08
At close · Sep 25
Return incl. dividend (before tax)
Going-concern doubt
— flagged Sep 21, 2026
Substantial doubt about the company's ability to continue as a going concern.
“As of July 31, 2026, the Company had an accumulated deficit of $72,289,995 and a working capital deficit (total current liabilities exceeded total current assets) of $11,842,251. The Company's cash balance and revenues generated are not currently sufficient and cannot be projected to cover its operating expenses for the next twelve months from the filing date of this report. These factors among others raise substantial doubt about the Company's ability to continue as a going concern for a period of one year from the issuance of these financial statements.”View the 10-Q filed Sep 21, 2026
Market Cap
$4.49M
Shares
56.21M
Volume · Sep 25
91.11K
Avg daily vol (3M)
27.48K
Debt Profile
Reported borrowing balances, repayment dates and agreement terms, with links to the underlying filings.
Reported debt balances
Each amount keeps its reported scope. Related balance-sheet measures appear under the borrowing they describe.
| Reported balance | As of | Amount | Source |
|---|---|---|---|
| Current portion of notes payable | 2026-07-31 | USD 9,504,042 | 10-Q filed 2026-09-21 |
| Noncurrent notes payable | 2026-07-31 | USD 104,939 | 10-Q filed 2026-09-21 |
| Short-term borrowings | 2026-07-31 | USD 1,585 | 10-Q filed 2026-09-21 |
Instrument and agreement coverage is incomplete. Additional filings are awaiting review.
Covenants
Covenant terms have not yet been verified for this profile.
The balance figures do not establish whether covenants apply or whether the company complies with them.
Loans, facilities and notes
The instrument breakdown is not yet verified. Read the debt note in the linked report for borrowing terms and maturity conditions.