SPARTA COMMERCIAL SERVICES, INC.

Sparta Commercial Services, Inc.

Corporate profile

• Legal status: Nevada corporation
• Headquartered: 555 Fifth Avenue, 14th Floor, New York, NY 10017
• Website: www.spartacommercial.com
• Public market: trades on the OTCQB under the symbol SRCO
• Employees: 4 full-time and 3 part-time (as of April 30, 2026)
• Litigation: no pending litigation as of April 30, 2026
• Principal business risk context: ongoing operating losses with a going-concern qualification in the auditor’s report; material capital needs and liabilities

Business segments

1) FinTech Services — Agoge Global USA, Inc.

• Formed December 2022 as a Sparta subsidiary (related to Sparta Crypto, Inc.)
• Joint venture with WeDev Group Ltda. (Brazil) to create EZBroker360
• Platform features: blockchain-enabled cross-border trade finance using stablecoins and distributed ledger technology
• Benefits include reduced transaction times (days to hours), lower cross-border payment costs, and improved security, transparency, and auditability
• Additional platform offerings: staged financing for freight, customs duties, and taxes; regulatory and compliance assistance; documentation support; market entry facilitation; reselling and distribution support
• iGoCards: virtual card and expense management platform for global businesses; fund loading via USD or stablecoins; multi-user controls and advanced expense management
• Customer activity: loan deployment reached $2 million; repeat client engagement and organic referrals
• Client example: Patta Brazil (CEO reported improved cash flow, increased import volumes, avoidance of demurrage, and potential revenue growth)

2) Financial Services — Municipal and Non-Profit Leasing

• Municipal Financing program launched in 2007
• Financing for local/state government agencies and 501(c)(3) nonprofits
• Equipment financed: police motorcycles/cruisers, buses, fire trucks, EMS vehicles, and related public-safety equipment
• Reach: financed to over 100 jurisdictions nationwide
• Structure: pass-through financing with a Midwest bank
• Marketing channels: direct outreach, trade shows, industry publications, and referrals from manufacturers, dealerships, and clients
• Partner: BMW Motorrad USA Police Motors serves as a preferred financing source

3) E-Commerce & Mobile Technology — iMobile Solutions, Inc. (iMS)

• Formerly Specialty Reports, Inc.
• Offerings:
  • Mobile application development (iMobileApp): custom apps for SMBs with features such as geo-fencing, push notifications, inventory display, event management, CRM integration, and multi-location management; subscription model for development, hosting, updates, and optional marketing services
  • Website design, hosting, and SEO: tailored sites with e-commerce integration, social connectivity, and marketing plans
  • Custom software development: examples include kitchen ordering systems with payment integration and wireless printing
  • Text messaging platforms: marketing and engagement campaigns
• Vehicle history reports (specialty reports): Cyclechex (motorcycles), RVchex (RVs), Truckchex (heavy trucks)
  • Data sources include NMVTIS and other governmental and industry databases
  • Distribution: sold online, through dealer networks, and in 60+ countries
  • Market position: targets niche vehicle segments not fully served by larger providers (CARFAX®, AutoCheck®)

4) Health and Wellness — New World Health Brands, Inc. (NWHB)

• Launched August 2020 in response to consumer health trends
• Product line: U.S.-sourced vitamins and minerals (e.g., iodine; boron; copper/zinc/selenium; magnesium complex)
• Manufacturing: exclusively in the United States under quality standards
• Sales channels: company e-commerce site (www.newworldhealthbrands.com) and marketplaces including Amazon, Walmart, TikTok, eBay, and Etsy
• Target markets: athletic performance, general wellness, anti-aging, and skincare

Competitive positioning

• FinTech: niche cross-border trade finance with staged financing and blockchain-enabled platforms
• Financial Services: municipal and non-profit equipment leasing with nationwide reach
• E-Commerce & Mobile Tech: cost-effective, customizable app and website solutions for SMBs; specialty vehicle history reports for underserved segments
• Health and Wellness: U.S.-sourced premium supplements sold through multiple online channels

Key financial and operational indicators (as of April 30, 2026)

• The company reports substantial expenses and losses with an accumulated deficit
• Working capital: negative $11,553,887
• Total liabilities: $12,459,845
• Short-term capital needs: approximately $1 million expected over the next 12 months to support operations; additional financing required for growth initiatives
• Potential dilution: approximately 42 million potential shares related to convertible notes and warrants; negotiations are ongoing to settle debt and reduce potential share issuance
• Governance and controls: auditor’s report includes a going-concern qualification; internal control over financial reporting may not be effective; additional compliance costs anticipated as a public company under SOX
• Dividends: no cash dividends paid historically and none expected in the near term
• Intellectual property: proprietary products and related licenses (Cyclechex, RVchex, Truckchex, SMA, iMA) with associated infringement and misappropriation risk
• Public company considerations: ongoing reporting requirements under the Exchange Act and penny stock considerations under Rule 15g-9

Property and governance details

• Principal executive office: 555 Fifth Avenue, 14th Floor, New York, NY 10017
• Office lease: month-to-month sub-lease with annual rent of $72,000 (consistent with 2025)
• Legal proceedings: no pending litigation as of April 30, 2026

Business relationships and outcomes

• BMW Motorrad USA Police Motors: preferred financing source for municipal leasing
• Patta Brazil: representative client benefiting from Agoge’s financing solutions

Summary

Sparta Commercial Services, Inc. is a diversified holding company with four main divisions: FinTech services, municipal and non-profit equipment financing, SMB-focused e-commerce and mobile technology, and a U.S.-sourced health and wellness product line. The company emphasizes niche markets and proprietary digital platforms while reporting accumulated losses, negative working capital, a going-concern qualification from auditors, and ongoing capital requirements.