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EXCEL - IDEA: XBRL DOCUMENT - SPARTA COMMERCIAL SERVICES, INC.Financial_Report.xls
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EX-31.1 - SPARTA COMMERCIAL SERVICES, INC.ex31-1.htm
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10-Q - SPARTA COMMERCIAL SERVICES, INC.spartacommercial10q013112.htm
v2.4.0.6
NOTE L - SUBSEQUENT EVENTS
9 Months Ended
Jan. 31, 2012
Subsequent Events [Text Block]
NOTE LSUBSEQUENT EVENTS

In February and March 2012, the Company:

  ·  
issued 4,695,652 shares of common stock upon the conversion of $9,000 principal amount of one of the Company’s 8% notes and accrued interest thereon,

·  
issued 381,000 shares of restricted common stock, valued at $2,096, to three note holders pursuant to provisions of their notes,

·  
sold to two accredited investors a total of 19,384,591 shares of restricted common stock for $85,000, which shares have not yet been issued,

  ·  
issued 381,000 shares of restricted common stock, valued at $8,001 to three note holders pursuant to provisions of their notes,

  ·  
issued 15,804,598 shares which had previously been classified as to be issued,

  ·  
issued to two consultants pursuant to agreements 8,300,000 shares valued at $83,000, ·  In February 2012, the Company’s subsidiary, Specialty Reports, Inc., sold 12 shares of its Series B Convertible Preferred stock to four accredited investors for $60,000.