10-K Filing

FINTRADE SHERPA, INC. CIK: 1319643 FY 2015

Filing Information

Form Type	10-K
Accession Number	`0001199835-16-000687`
Period End Date	20151231
Filing Date	20160329
Fiscal Year	2015
Fiscal Period	FY
XBRL Instance	lsmg-20151231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 28 Cash Flow Statement 46 Stockholders Equity 12

Balance Sheet 38 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$12.46K	USD	Point-in-time
Cash	`Cash`	$5.37K	USD	Point-in-time
Cash	`Cash`	$21.00	USD	Point-in-time
Prepaid fees	`PrepaidExpenseCurrent`	$3.22K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Prepaid fees	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Current assets	`AssetsCurrent`	$15.67K	USD	Point-in-time
Current assets	`AssetsCurrent`	$5.37K	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	46.51M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	49.13M	shares	Point-in-time
Mineral Property Interest	`MineralPropertyInterest`	$230.18K	USD	Point-in-time
Mineral Property Interest	`MineralPropertyInterest`	$230.18K	USD	Point-in-time
Total Assets	`Assets`	$245.85K	USD	Point-in-time
Total Assets	`Assets`	$235.55K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.30K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$38.40K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$371.47K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$139.35K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$76.18K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$135.82K	USD	Point-in-time
Liabilities Current	`LiabilitiesCurrent`	$313.57K	USD	Point-in-time
Liabilities Current	`LiabilitiesCurrent`	$461.95K	USD	Point-in-time
Contractual Obligations, Commitments And Subsequent Events (Notes 3, 7 and 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contractual Obligations, Commitments And Subsequent Events (Notes 3, 7 and 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Capital Stock Authorized: 480,000,000 voting common shares with a par value of $0.001 per share, 20,000,0000 preferred shares with a par value of $0.001 per share Issued: 49,127,825 common shares at December 31, 2015 (46,509,000 common shares at December 31, 2014)	`CommonStockValue`	$465.00	USD	Point-in-time
Capital Stock Authorized: 480,000,000 voting common shares with a par value of $0.001 per share, 20,000,0000 preferred shares with a par value of $0.001 per share Issued: 49,127,825 common shares at December 31, 2015 (46,509,000 common shares at December 31, 2014)	`CommonStockValue`	$1.95K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$922.22K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$1.07M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.29M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.00M	USD	Point-in-time
Stockholders' deficiency	`StockholdersEquity`	$-216.10K	USD	Point-in-time
Stockholders' deficiency	`StockholdersEquity`	$-189.79K	USD	Point-in-time
Stockholders' deficiency	`StockholdersEquity`	$-78.02K	USD	Point-in-time
Liabilities and Stockholders' Deficiency	`LiabilitiesAndStockholdersEquity`	$235.55K	USD	Point-in-time
Liabilities and Stockholders' Deficiency	`LiabilitiesAndStockholdersEquity`	$245.85K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	-	USD	Annual
Revenue	`SalesRevenueNet`	-	USD	Annual
Consulting services	`RelatedPartyTransactionAmountsOfTransaction`	$121.41K	USD	Annual
Consulting services	`RelatedPartyTransactionAmountsOfTransaction`	$60.65K	USD	Annual
Corporate support services	`CorporateSupportServices`	$12.76K	USD	Annual
Corporate support services	`CorporateSupportServices`	$2.59K	USD	Annual
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$10.14K	USD	Annual
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$-913.00	USD	Annual
Professional fees	`ProfessionalFees`	$92.86K	USD	Annual
Professional fees	`ProfessionalFees`	$94.78K	USD	Annual
Transfer and filing fees	`TransferAndFilingFees`	$27.80K	USD	Annual
Transfer and filing fees	`TransferAndFilingFees`	$14.47K	USD	Annual
Total expenses	`CostsAndExpenses`	$169.66K	USD	Annual
Total expenses	`CostsAndExpenses`	$266.88K	USD	Annual
Operating Loss Before Other Income (Expense)	`OperatingIncomeLoss`	$-169.66K	USD	Annual
Operating Loss Before Other Income (Expense)	`OperatingIncomeLoss`	$-266.88K	USD	Annual
Gain on debt forgiveness	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on debt forgiveness	`GainsLossesOnExtinguishmentOfDebt`	$61.26K	USD	Annual
Interest, bank and finance charges	`InterestBankAndFinanceCharges`	$-20.52K	USD	Annual
Interest, bank and finance charges	`InterestBankAndFinanceCharges`	$-10.02K	USD	Annual
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$-20.52K	USD	Annual
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$51.25K	USD	Annual
Net Loss For The Year	`NetIncomeLoss`	$-118.42K	USD	Annual
Net Loss For The Year	`NetIncomeLoss`	$-287.41K	USD	Annual
Basic And Diluted Loss Per Common Share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Basic And Diluted Loss Per Common Share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Weighted Average Number Of Common Shares Outstanding	`WeightedAverageNumberofcommonSharesOutstanding`	47.44M	shares	Annual
Weighted Average Number Of Common Shares Outstanding	`WeightedAverageNumberofcommonSharesOutstanding`	13.43M	shares	Annual

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net loss for year	`NetIncomeLoss`	$-118.42K	USD	Annual
Net loss for year	`NetIncomeLoss`	$-287.41K	USD	Annual
Foreign exchange (gain)	`ForeignCurrencyTransactionGainLossBeforeTax`	$4.79K	USD	Annual
Foreign exchange (gain)	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	Annual
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$29.40K	USD	Annual
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	Annual
Warrants issued for services	`WarrantsIssuedForServices`	-	USD	Annual
Warrants issued for services	`WarrantsIssuedForServices`	$66.72K	USD	Annual
Gain on debt forgiveness	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Gain on debt forgiveness	`GainsLossesOnExtinguishmentOfDebt`	$61.26K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$3.22K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	-	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$21.58K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$33.19K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$19.79K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$9.13K	USD	Annual
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-146.32K	USD	Annual
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-148.96K	USD	Annual
Repayment of loans payable	`PaymentsForLoans`	-	USD	Annual
Repayment of loans payable	`PaymentsForLoans`	$14.00K	USD	Annual
Repayment of loans payable - related party	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Repayment of loans payable - related party	`RepaymentsOfRelatedPartyDebt`	$5.00K	USD	Annual
Proceeds from loans payable	`ProceedsFromNotesPayable`	-	USD	Annual
Proceeds from loans payable	`ProceedsFromNotesPayable`	$17.48K	USD	Annual
Proceeds from loans payable - related party	`ProceedsFromRelatedPartyDebt`	$172.40K	USD	Annual
Proceeds from loans payable - related party	`ProceedsFromRelatedPartyDebt`	$136.83K	USD	Annual
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$153.40K	USD	Annual
Net cash provided by Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$154.31K	USD	Annual
Net Increase In Cash	`CashPeriodIncreaseDecrease`	$7.08K	USD	Annual
Net Increase In Cash	`CashPeriodIncreaseDecrease`	$5.35K	USD	Annual
Cash, beginning of year	`Cash`	$12.46K	USD	Point-in-time
Cash, beginning of year	`Cash`	$5.37K	USD	Point-in-time
Cash, beginning of year	`Cash`	$21.00	USD	Point-in-time
Cash, end of year	`Cash`	$12.46K	USD	Point-in-time
Cash, end of year	`Cash`	$5.37K	USD	Point-in-time
Cash, end of year	`Cash`	$21.00	USD	Point-in-time
Cash paid during the period for Interest	`InterestPaid`	-	USD	Annual
Cash paid during the period for Interest	`InterestPaid`	-	USD	Annual
Cash paid during the period for Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid during the period for Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedPartyOnBehalfOfCompany`	-	USD	Annual
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedPartyOnBehalfOfCompany`	$57.29K	USD	Annual
Common shares issued for debt settlements	`CommonSharesIssuedForDebtSettlement`	-	USD	Annual
Common shares issued for debt settlements	`CommonSharesIssuedForDebtSettlement`	$53.21K	USD	Annual
Common shares issued for mineral property interest	`CommonSharesIssuedForMineralPropertyInterest`	$230.18K	USD	Annual
Common shares issued for mineral property interest	`CommonSharesIssuedForMineralPropertyInterest`	-	USD	Annual

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance - Amount	`StockholdersEquity`	$-216.10K	USD	Point-in-time
Beginning Balance - Amount	`StockholdersEquity`	$-189.79K	USD	Point-in-time
Beginning Balance - Amount	`StockholdersEquity`	$-78.02K	USD	Point-in-time
Shares issued for debt, amount	`SharesIssuedForDebtSettlement`	$53.21K	USD	Annual
Shares issued for consulting services, amount	`SharesIssuedForConsultingServicesAmount`	$29.40K	USD	Annual
Warrants issued for consulting services	`WarrantsIssuedForConsultingServices`	$66.72K	USD	Annual
Shares issued for mineral property interest, amount	`SharesIssuedForMineralPropertyInterestAmount`	$230.18K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-118.42K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-287.41K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$-216.10K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-189.79K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-78.02K	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.