10-Q Filing

FINTRADE SHERPA, INC. CIK: 1319643 Q3 2020

Filing Information

Form Type	10-Q
Accession Number	`0001199835-20-000303`
Period End Date	20200930
Filing Date	20201112
Fiscal Year	2020
Fiscal Period	Q3
XBRL Instance	lsmg-20200930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 60 Cash Flow Statement 44 Stockholders Equity 30

Balance Sheet 42 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
Common stock, authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Cash	`Cash`	$12.66K	USD	Point-in-time
Cash	`Cash`	$6.51K	USD	Point-in-time
Cash	`Cash`	$10.50K	USD	Point-in-time
Common stock, authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Cash	`Cash`	$8.25K	USD	Point-in-time
Common stock, issued	`CommonStockSharesIssued`	50.61M	shares	Point-in-time
Prepaid fees	`PrepaidExpenseCurrent`	$56.34K	USD	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`	$69.00K	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`	$299.18K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.01K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$61.31K	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`	$1.94M	USD	Point-in-time
Loans payable and accrued interest	`LoansPayableCurrent`	$5.82K	USD	Point-in-time
Loans payable and accrued interest	`LoansPayableCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.61M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.00M	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 September 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 September 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`	$-3.34M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-3.00M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-1.23M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-1.17M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-1.50M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-1.61M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-1.30M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-1.37M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-1.08M	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$242.76K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$299.18K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	3 Qtrs
Revenue	`Revenues`	-	USD	3 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Consulting services	`ConsultingServices`	$38.21K	USD	3 Qtrs
Consulting services	`ConsultingServices`	$14.98K	USD	1 Quarter
Consulting services	`ConsultingServices`	$129.38K	USD	3 Qtrs
Consulting services	`ConsultingServices`	$31.90K	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$455.00	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$1.38K	USD	3 Qtrs
Corporate support services	`CorporateSupportServices`	$1.39K	USD	3 Qtrs
Corporate support services	`CorporateSupportServices`	$472.00	USD	1 Quarter
Exploration and evaluation	`ExplorationExpense`	$10.06K	USD	3 Qtrs
Exploration and evaluation	`ExplorationExpense`	-	USD	3 Qtrs
Exploration and evaluation	`ExplorationExpense`	-	USD	1 Quarter
Exploration and evaluation	`ExplorationExpense`	$3.65K	USD	1 Quarter
Mineral option fees	`MineralOptionFees`	$25.01K	USD	1 Quarter
Mineral option fees	`MineralOptionFees`	$75.00K	USD	3 Qtrs
Mineral option fees	`MineralOptionFees`	$25.01K	USD	1 Quarter
Mineral option fees	`MineralOptionFees`	$75.00K	USD	3 Qtrs
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$1.57K	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$10.33K	USD	3 Qtrs
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$2.62K	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$8.63K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$36.57K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$6.85K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$30.06K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$9.85K	USD	1 Quarter
Transfer and filing fees	`TransferAndFilingFees`	$20.57K	USD	3 Qtrs
Transfer and filing fees	`TransferAndFilingFees`	$1.95K	USD	1 Quarter
Transfer and filing fees	`TransferAndFilingFees`	$2.25K	USD	1 Quarter
Transfer and filing fees	`TransferAndFilingFees`	$21.97K	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$182.07K	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$55.16K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$71.41K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$276.49K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-71.41K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-55.16K	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-276.49K	USD	3 Qtrs
Operating loss	`OperatingIncomeLoss`	$-182.07K	USD	3 Qtrs
Interest, bank and finance charges	`InterestAndDebtExpense`	$17.37K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$61.06K	USD	3 Qtrs
Interest, bank and finance charges	`InterestAndDebtExpense`	$21.77K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$47.01K	USD	3 Qtrs
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-337.56K	USD	3 Qtrs
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-64.58K	USD	1 Quarter
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-110.87K	USD	1 Quarter
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-229.07K	USD	3 Qtrs
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-133.51K	USD	1 Quarter
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-93.18K	USD	1 Quarter
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-72.54K	USD	1 Quarter
Net loss and comprehensive loss for the period	`NetIncomeLoss`	$-91.96K	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic and diluted net loss per common share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
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	3 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	3 Qtrs

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-337.56K	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-64.58K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-110.87K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-229.07K	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-133.51K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-93.18K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-72.54K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-91.96K	USD	1 Quarter
Foreign exchange (gain) loss	`ForeignCurrencyTransactionGainLossRealized`	$46.00	USD	3 Qtrs
Foreign exchange (gain) loss	`ForeignCurrencyTransactionGainLossRealized`	$-50.00	USD	3 Qtrs
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$2.98K	USD	3 Qtrs
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$8.45K	USD	3 Qtrs
Prepaid fees	`IncreaseDecreaseInPrepaidExpense`	$54.32K	USD	3 Qtrs
Prepaid fees	`IncreaseDecreaseInPrepaidExpense`	-	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$28.42K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$141.58K	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$75.00K	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$75.00K	USD	3 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$54.53K	USD	3 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$34.90K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-117.84K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-82.25K	USD	3 Qtrs
Repayment of loans payable	`RepaymentsOfLongTermDebt`	-	USD	3 Qtrs
Repayment of loans payable	`RepaymentsOfLongTermDebt`	$6.00K	USD	3 Qtrs
Proceeds from loans payable - related party	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$90.00K	USD	3 Qtrs
Proceeds from loans payable - related party	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$120.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$120.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$84.00K	USD	3 Qtrs
Net increase in cash	`CashPeriodIncreaseDecrease`	$1.75K	USD	3 Qtrs
Net increase in cash	`CashPeriodIncreaseDecrease`	$2.16K	USD	3 Qtrs
Cash, beginning of period	`Cash`	$12.66K	USD	Point-in-time
Cash, beginning of period	`Cash`	$6.51K	USD	Point-in-time
Cash, beginning of period	`Cash`	$10.50K	USD	Point-in-time
Cash, beginning of period	`Cash`	$8.25K	USD	Point-in-time
Cash, end of period	`Cash`	$12.66K	USD	Point-in-time
Cash, end of period	`Cash`	$6.51K	USD	Point-in-time
Cash, end of period	`Cash`	$10.50K	USD	Point-in-time
Cash, end of period	`Cash`	$8.25K	USD	Point-in-time
Cash paid during the period for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid during the period for interest	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Cash paid during the period for income taxes	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedParty`	$88.28K	USD	3 Qtrs
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedParty`	$29.45K	USD	3 Qtrs

Stockholders Equity 30 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, amount	`StockholdersEquity`	$-1.23M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-1.17M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-1.50M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-1.61M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-1.30M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-1.37M	USD	Point-in-time
Beginning balance, amount	`StockholdersEquity`	$-1.08M	USD	Point-in-time
Stock options issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$991.00	USD	1 Quarter
Stock options issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$988.00	USD	1 Quarter
Stock options issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$2.97K	USD	1 Quarter
Stock options issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$2.47K	USD	1 Quarter
Stock options issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$3.00K	USD	1 Quarter
Stock options issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$1.00K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-337.56K	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-64.58K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-110.87K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-229.07K	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-133.51K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-93.18K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-72.54K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-91.96K	USD	1 Quarter
Ending balance, amount	`StockholdersEquity`	$-1.23M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-1.17M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-1.70M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-1.50M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-1.61M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-1.30M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-1.37M	USD	Point-in-time
Ending balance, amount	`StockholdersEquity`	$-1.08M	USD	Point-in-time

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