SRCO Financials 07/15/2014 20:19:31 Sparta Commer

SRCO Financials 07/15/2014 20:19:31
Sparta Commercial Services, Inc.
Period Ending Apr 30, 2013 Apr 30, 2012 Apr 30, 2011 Apr 30, 2010
Total Revenue 414 290 514 713
Cost of Revenue 146 96 - -
Gross Profit 268 193 514 713
Operating Expenses
Research and Development - - - -
Sales, General and Admin. 1,692 923 2,795 2,520
Non-Recurring Items - - - -
Other 7 11 92 702
Operating Income (1,432) (741) (2,374) (2,509)
Income From Continuing Operations
Add'l Income/Expense Items (956) 209 (896) (45)
Earnings Before Interest and Tax (2,388) (532) (3,269) (2,554)
Interest Expense 336 464 394 1,588
Earnings Before Tax (2,724) (996) (3,664) (4,141)
Income Tax - - - -
Minority Interest (35) (38) (92) -
Equity Earnings Unconsolidated Subsidiary - - - -
Net Income Cont. Operations (2,689) (958) (3,572) (4,141)
Non Recurring Events
Discontinued Operations (880) (1,034) - -
Extraordinary Items - - - -
Effect of Accounting Changes - - - -
Other Items - - - -
Net Income (3,569) (1,992) (3,572) (4,141)
Preferred Stock and Other Adjustments (158) (158) (158) (97)
Net Income Applicable to Common Shareholders (3,727) (2,150) (3,729) (4,238)