10-Q Filing

FINTRADE SHERPA, INC. CIK: 1319643 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001199835-20-000182`
Period End Date	20200630
Filing Date	20200727
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	lsmg-20200630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 36 Income Statement 56 Cash Flow Statement 40

Balance Sheet 36 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`	$8.43K	USD	Point-in-time
Cash	`Cash`	$12.61K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Cash	`Cash`	$10.50K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Cash	`Cash`	$6.51K	USD	Point-in-time
Prepaid fees	`PrepaidExpenseCurrent`	$32.69K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	50.61M	shares	Point-in-time
Prepaid fees	`PrepaidExpenseCurrent`	$2.08K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	50.61M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$41.12K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$12.58K	USD	Point-in-time
Mineral property interest, unproven	`MineralPropertiesNet`	$230.18K	USD	Point-in-time
Mineral property interest, unproven	`MineralPropertiesNet`	$230.18K	USD	Point-in-time
Total assets	`Assets`	$242.76K	USD	Point-in-time
Total assets	`Assets`	$271.30K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$49.63K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.01K	USD	Point-in-time
Due to related parties and accrued interest	`DueToRelatedPartiesCurrent`	$1.60M	USD	Point-in-time
Due to related parties and accrued interest	`DueToRelatedPartiesCurrent`	$1.83M	USD	Point-in-time
Loans payable and accrued interest	`LoansPayableCurrent`	-	USD	Point-in-time
Loans payable and accrued interest	`LoansPayableCurrent`	$5.82K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.88M	USD	Point-in-time
Authorized: 480,000,000 voting common shares with a par value of $0.001 per share 20,000,000 preferred shares with a par value of $0.001 per share, issued: 50,605,965 common shares and no preferred shares at June 30, 2020 and December 31, 2019	`CommonStockValue`	$3.42K	USD	Point-in-time
Authorized: 480,000,000 voting common shares with a par value of $0.001 per share 20,000,000 preferred shares with a par value of $0.001 per share, issued: 50,605,965 common shares and no preferred shares at June 30, 2020 and December 31, 2019	`CommonStockValue`	$3.42K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.63M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.63M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.25M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-1.61M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-1.37M	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$271.30K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$242.76K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	2 Qtrs
Consulting services	`ConsultingServices`	$23.23K	USD	2 Qtrs
Consulting services	`ConsultingServices`	$31.63K	USD	1 Quarter
Consulting services	`ConsultingServices`	$8.83K	USD	1 Quarter
Consulting services	`ConsultingServices`	$97.48K	USD	2 Qtrs
Corporate support services	`CorporateSupportServices`	$469.00	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$927.00	USD	2 Qtrs
Corporate support services	`CorporateSupportServices`	$921.00	USD	2 Qtrs
Corporate support services	`CorporateSupportServices`	$452.00	USD	1 Quarter
Exploration and evaluation	`ExplorationExpense`	-	USD	1 Quarter
Exploration and evaluation	`ExplorationExpense`	$6.41K	USD	2 Qtrs
Exploration and evaluation	`ExplorationExpense`	$6.41K	USD	1 Quarter
Exploration and evaluation	`ExplorationExpense`	-	USD	2 Qtrs
Mineral option fees	`MineralOptionFees`	$25.01K	USD	1 Quarter
Mineral option fees	`MineralOptionFees`	$49.99K	USD	2 Qtrs
Mineral option fees	`MineralOptionFees`	$25.00K	USD	1 Quarter
Mineral option fees	`MineralOptionFees`	$49.99K	USD	2 Qtrs
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$7.06K	USD	2 Qtrs
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$3.72K	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$7.71K	USD	2 Qtrs
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$1.88K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$12.10K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$23.20K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$20.93K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$26.73K	USD	2 Qtrs
Transfer and filing fees	`TransferAndFilingFees`	$1.92K	USD	1 Quarter
Transfer and filing fees	`TransferAndFilingFees`	$18.32K	USD	2 Qtrs
Transfer and filing fees	`TransferAndFilingFees`	$2.36K	USD	1 Quarter
Transfer and filing fees	`TransferAndFilingFees`	$20.02K	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$205.09K	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$90.51K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$50.22K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$126.90K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-50.22K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-205.09K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-126.90K	USD	2 Qtrs
Operating loss	`OperatingIncomeLoss`	$-90.51K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$14.36K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$29.64K	USD	2 Qtrs
Interest, bank and finance charges	`InterestAndDebtExpense`	$39.30K	USD	2 Qtrs
Interest, bank and finance charges	`InterestAndDebtExpense`	$20.37K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-244.38K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-64.58K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-156.54K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-110.87K	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	50.61M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	50.61M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	50.61M	shares	1 Quarter
Weighted average number of common shares outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	50.61M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-244.38K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-64.58K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-156.54K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-110.87K	USD	1 Quarter
Foreign exchange (gain) loss	`ForeignCurrencyTransactionGainLossRealized`	$92.00	USD	2 Qtrs
Foreign exchange (gain) loss	`ForeignCurrencyTransactionGainLossRealized`	$-155.00	USD	2 Qtrs
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$5.45K	USD	2 Qtrs
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$1.98K	USD	2 Qtrs
Prepaid fees	`IncreaseDecreaseInPrepaidExpense`	$84.00	USD	2 Qtrs
Prepaid fees	`IncreaseDecreaseInPrepaidExpense`	$30.72K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$25.38K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$98.18K	USD	2 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$49.99K	USD	2 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$49.99K	USD	2 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$22.75K	USD	2 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$32.98K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-52.90K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-92.07K	USD	2 Qtrs
Repayment of loans payable	`RepaymentsOfLongTermDebt`	-	USD	2 Qtrs
Repayment of loans payable	`RepaymentsOfLongTermDebt`	$6.00K	USD	2 Qtrs
Proceeds from loans payable - related party	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$90.00K	USD	2 Qtrs
Proceeds from loans payable - related party	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$65.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$90.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$59.00K	USD	2 Qtrs
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$6.10K	USD	2 Qtrs
Net (decrease) increase in cash	`CashPeriodIncreaseDecrease`	$-2.07K	USD	2 Qtrs
Cash, beginning of period	`Cash`	$8.43K	USD	Point-in-time
Cash, beginning of period	`Cash`	$12.61K	USD	Point-in-time
Cash, beginning of period	`Cash`	$10.50K	USD	Point-in-time
Cash, beginning of period	`Cash`	$6.51K	USD	Point-in-time
Cash, end of period	`Cash`	$8.43K	USD	Point-in-time
Cash, end of period	`Cash`	$12.61K	USD	Point-in-time
Cash, end of period	`Cash`	$10.50K	USD	Point-in-time
Cash, end of period	`Cash`	$6.51K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid during the period for interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedParty`	$24.05K	USD	2 Qtrs
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedParty`	$56.56K	USD	2 Qtrs

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