Sparta Commercial Services Inc (OTC: SRCO) is a Nevada-incorporated holding company headquartered in New York, New York, that operates across four declared business sectors: FinTech Services, Financial Services, E-Commerce and Mobile Technology, and Health and Wellness. Revenue is generated through wholly owned subsidiaries and joint ventures, with recognized revenue streams including mobile app products, New World Health Brands consumer wellness products, and vehicle history reports, each recognized upon delivery or download per the company's 10-K filed August 13, 2025. Sparta's origins trace to Powersports consumer finance, where it provided retail installment loans and leases through motorcycle dealerships in 33 states before discontinuing that business after the 2008 financial crisis. Its most recently disclosed subsidiary, Agoge Global USA Inc., was formed in December 2022 to provide cross-border trade finance and blockchain solutions between the United States and Brazil via a joint venture with WeDev Group Ltda. The company's independent auditors flagged going-concern doubt in their report on the April 30, 2025 and April 30, 2024 financial statements, citing historical losses and lack of significant revenues.

Revenue model

Transactional revenue recognized upon delivery across mobile app products, consumer wellness products (New World Health Brands), and vehicle history report downloads. The company also discloses an information technology services revenue stream. No subscription or recurring revenue model is described in the filing excerpts. Substantial doubt about ability to continue as a going concern is noted as of April 30, 2025.

Products and services

Cross-border trade finance and blockchain solutions (Agoge Global USA Inc., formed December 2022, U.S.-Brazil corridor); consumer wellness products (New World Health Brands); mobile app products; vehicle history reports; historical Powersports retail installment loans and leases (discontinued post-2008).

Customers and end markets

Consumer end markets for wellness products and mobile applications. Developers are cited as a target customer segment for platform products. Historical end market was Powersports consumers financed through authorized motorcycle dealerships. No customer concentration disclosures or customer counts are provided in the filing excerpts.

Value-chain role

Holding company with operating subsidiaries acting as principal in revenue transactions. Agoge Global USA functions as a trade finance and blockchain intermediary in the U.S.-Brazil cross-border trade corridor via joint venture. The company relies on third-party service providers for technology infrastructure.

Geographic exposure

Headquarters in New York, New York; subsidiary addresses in Stamford, Connecticut. Agoge Global USA targets the United States-Brazil cross-border trade corridor. Historical consumer finance operations spanned 33 U.S. states.

Source: SEC 10-K, filed 2025-08-13

Industry: Services-Business Services, NEC