Prospector
Profile
08.0021
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| Sparta Commercial Services, Inc. |
NAICS |
532292 |
| 462 Seventh Avenue, 20th Floor
New York, NY 10018 |
Description |
Motocycle Rental |
| (212) 239-2666 |
Employees |
25 |
| http://www.spartacommercial.com/ |
Revenue |
(mil) |
0.7880 |
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Income |
(mil) |
-3.9340 |
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Assets |
(mil) |
4.1070 |
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Liability |
(mil) |
5.6360 |
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(for the year ended 2007-04-30) |
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Category:
Loss/Deficit
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Event:
Sparta Commercial Services Inc. reported a net loss of $1.2 million on revenues of $297,303 for the second quarter ended Oct. 31, 2007, compared with a net loss of $1.7 million on revenues of $219,555 in the same period last year. The Company's consolidated balance sheet at Oct. 31, 2007, showed $5.6 million in total assets and $8.6 million in total liabilities, resulting in a $3.0 million total stockholders' deficit.
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Intellectual Property:
The Company has developed proprietary web-based solutions for processing, financing and leasing of new and used powersports vehicles. [SEC Filing 10-KSB 08-14-07]
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Description:
The Company engages primarily in the origination of lease and retail installment sales contracts of new and used motorcycles, scooters, and all-terrain vehicles in the United States.
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Officers:
Anthony L. Havens (Chair, Pres., CEO & CFO); Richard P. Trotter (COO); Anthony W. Adler (EVP & CFO); Sandra L. Ahman (VP, Sec. & Dir.); Kristian Srb (Dir.); Jeffrey Bean (Dir.)
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Auditor:
RBSM LLP
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Securities:
Common Stock-Symbol SRCO.OB; OTC BB;
127,116,157 common shares outstanding as of December 14, 2007.
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