CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
|
Oct. 31, 2015 |
Apr. 30, 2015 |
| Current Assets |
|
|
| Cash and cash equivalents |
$ 9,762
|
$ 14,034
|
| Accounts receivable |
52,341
|
10
|
| Other current assets |
2,114
|
5,706
|
| Total Current Assets |
64,217
|
19,750
|
| Property and equipment, net of accumulated depreciation and amortization of $205,025 and $203,215, respectively (NOTE B) |
8,237
|
10,047
|
| Goodwill |
10,000
|
10,000
|
| Other assets |
9,628
|
9,628
|
| Deposits |
79,776
|
79,776
|
| Total Long Term Assets |
107,641
|
109,451
|
| Total assets from continuing operations |
171,858
|
129,201
|
| ASSETS FROM DISCONTINUED OPERATIONS (NOTE C) |
2,454
|
13,955
|
| Total assets |
174,312
|
143,156
|
| Current Liabilities |
|
|
| Accounts payable and accrued expenses |
1,600,084
|
1,382,598
|
| Current portion notes payable net of beneficial conversion feature of $736,596 and $762,426, respectively (NOTE D) |
2,032,923
|
1,374,786
|
| Derivative liabilities |
1,678,052
|
1,605,535
|
| Total Current Liabilities |
5,311,059
|
4,362,919
|
| Long term portion notes payable net of beneficial conversion features of $15,262 and $0, respectively (NOTE D) |
1,043,606
|
1,263,369
|
| Loans payable-related parties (NOTE E) |
395,853
|
385,853
|
| Total Long Term Liabilities |
1,439,459
|
1,649,222
|
| Total liabilities from continuing operations |
6,750,518
|
6,012,141
|
| LIABILITIES FROM DISCONTINUED OPERATIONS (NOTE C) |
41,072
|
70,117
|
| Total liabilities |
6,791,590
|
6,082,258
|
| Deficit: |
|
|
| Common stock, $0.001 par value; 750,000,000 shares authorized, 134,865,129 and 43,238,320 shares issued and outstanding, respectively |
134,865
|
43,238
|
| Common stock to be issued 4,699,662 and 2,356,598, respectively |
4,700
|
2,356
|
| Additional paid-in-capital |
44,390,665
|
42,528,909
|
| Accumulated deficit |
(51,879,110)
|
(49,178,453)
|
| Deficit attributable to Sparta Commercial Services, Inc. |
(7,336,381)
|
(6,591,450)
|
| Non-controlling interest |
719,103
|
652,348
|
| Total Deficit |
(6,617,278)
|
(5,939,102)
|
| Total Liabilities and Deficit |
174,312
|
143,156
|
| Series A Preferred Stock [Member] |
|
|
| Deficit: |
|
|
| Preferred shares, value, issued |
12,500
|
12,500
|
| Series B Preferred Stock [Member] |
|
|
| Deficit: |
|
|
| Preferred shares, value, issued |
0
|
0
|
| Series C Preferred Stock [Member] |
|
|
| Deficit: |
|
|
| Preferred shares, value, issued |
$ 0
|
$ 0
|