10-Q Filing

FINTRADE SHERPA, INC. CIK: 1319643 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001199835-21-000486`
Period End Date	20210630
Filing Date	20210812
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	form-10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 58 Cash Flow Statement 42 Stockholders Equity 21

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash	`Cash`	$8.43K	USD	Point-in-time
Cash	`Cash`	$13.55K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	50.63M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	50.61M	shares	Point-in-time
Cash	`Cash`	$12.64K	USD	Point-in-time
Cash	`Cash`	$10.50K	USD	Point-in-time
Prepaid fees	`PrepaidExpenseCurrent`	$3.98K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid fees	`PrepaidExpenseCurrent`	$3.94K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$16.58K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$17.53K	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`	$247.71K	USD	Point-in-time
Total assets	`Assets`	$246.76K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$84.18K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$138.26K	USD	Point-in-time
Due to related parties and accrued interest	`DueToRelatedPartiesAndAccruedInterestCurrent`	$2.20M	USD	Point-in-time
Due to related parties and accrued interest	`DueToRelatedPartiesAndAccruedInterestCurrent`	$2.02M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.11M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.34M	USD	Point-in-time
Authorized: 480,000,000 voting common shares and 20,000,000 preferred shares Issued: 50,634,536 common shares and no preferred shares at June 30, 2021 50,605,965 common shares and no preferred shares at December 31, 2020	`CommonStockValue`	$3.42K	USD	Point-in-time
Authorized: 480,000,000 voting common shares and 20,000,000 preferred shares Issued: 50,634,536 common shares and no preferred shares at June 30, 2021 50,605,965 common shares and no preferred shares at December 31, 2020	`CommonStockValue`	$3.45K	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`	$-3.49M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-3.73M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-2.09M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-1.37M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-1.50M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-1.61M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-1.86M	USD	Point-in-time
Total liabilities and stockholders deficiency	`LiabilitiesAndStockholdersEquity`	$246.76K	USD	Point-in-time
Total liabilities and stockholders deficiency	`LiabilitiesAndStockholdersEquity`	$247.71K	USD	Point-in-time

Income Statement 58 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Consulting services	`ConsultingServices`	$97.48K	USD	2 Qtrs
Consulting services	`ConsultingServices`	$31.39K	USD	1 Quarter
Consulting services	`ConsultingServices`	$62.58K	USD	2 Qtrs
Consulting services	`ConsultingServices`	$31.63K	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$512.00	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$921.00	USD	2 Qtrs
Corporate support services	`CorporateSupportServices`	$452.00	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$1.01K	USD	2 Qtrs
Exploration and evaluation	`ExplorationExpense`	$6.41K	USD	2 Qtrs
Exploration and evaluation	`ExplorationExpense`	$6.41K	USD	1 Quarter
Exploration and evaluation	`ExplorationExpense`	$20.69K	USD	2 Qtrs
Exploration and evaluation	`ExplorationExpense`	$13.16K	USD	1 Quarter
Mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	$49.99K	USD	2 Qtrs
Mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	$25.00K	USD	1 Quarter
Mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	$25.01K	USD	1 Quarter
Mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	$49.99K	USD	2 Qtrs
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$4.15K	USD	2 Qtrs
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$3.72K	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$7.06K	USD	2 Qtrs
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$2.77K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$7.95K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$27.78K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$20.93K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$23.20K	USD	2 Qtrs
Transfer and filing fees	`NoninterestExpenseTransferAgentAndCustodianFees`	$2.00K	USD	1 Quarter
Transfer and filing fees	`NoninterestExpenseTransferAgentAndCustodianFees`	$20.72K	USD	2 Qtrs
Transfer and filing fees	`NoninterestExpenseTransferAgentAndCustodianFees`	$2.36K	USD	1 Quarter
Transfer and filing fees	`NoninterestExpenseTransferAgentAndCustodianFees`	$20.02K	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$205.09K	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$186.92K	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$90.51K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$82.79K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-186.92K	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-82.79K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-205.09K	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-90.51K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$24.26K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$47.01K	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 and Comprehensive Loss For The Period	`NetIncomeLoss`	$-107.05K	USD	1 Quarter
Net Loss and Comprehensive Loss For The Period	`NetIncomeLoss`	$-233.93K	USD	2 Qtrs
Net Loss and Comprehensive Loss For The Period	`NetIncomeLoss`	$-133.51K	USD	1 Quarter
Net Loss and Comprehensive Loss For The Period	`NetIncomeLoss`	$-126.88K	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`	$-244.38K	USD	2 Qtrs
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
Basic And Diluted Net Loss Per Common Share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted Average Number of Common Shares Outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	50.62M	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`	50.63M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	50.61M	shares	2 Qtrs

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-107.05K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-233.93K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-133.51K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-126.88K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-110.87K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-244.38K	USD	2 Qtrs
Foreign exchange loss (gain)	`ForeignCurrencyTransactionGainLossRealized`	$-84.00	USD	2 Qtrs
Foreign exchange loss (gain)	`ForeignCurrencyTransactionGainLossRealized`	$92.00	USD	2 Qtrs
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	2 Qtrs
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$1.98K	USD	2 Qtrs
Prepaid fees	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Prepaid fees	`IncreaseDecreaseInPrepaidExpense`	$30.72K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$98.18K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$93.13K	USD	2 Qtrs
Accrued mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	$49.99K	USD	2 Qtrs
Accrued mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	$25.00K	USD	1 Quarter
Accrued mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	$25.01K	USD	1 Quarter
Accrued mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	$49.99K	USD	2 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$32.98K	USD	2 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$46.62K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-44.09K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-92.07K	USD	2 Qtrs
Proceeds from loans payable related parties	`ProceedsFromRelatedPartyDebt`	$45.00K	USD	2 Qtrs
Proceeds from loans payable related parties	`ProceedsFromRelatedPartyDebt`	$90.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$45.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$90.00K	USD	2 Qtrs
Net Increase (Decrease) In Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$906.00	USD	2 Qtrs
Net Increase (Decrease) In Cash	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-2.07K	USD	2 Qtrs
Cash, Beginning of Period	`Cash`	$8.43K	USD	Point-in-time
Cash, Beginning of Period	`Cash`	$13.55K	USD	Point-in-time
Cash, Beginning of Period	`Cash`	$12.64K	USD	Point-in-time
Cash, Beginning of Period	`Cash`	$10.50K	USD	Point-in-time
Cash, End of Period	`Cash`	$8.43K	USD	Point-in-time
Cash, End of Period	`Cash`	$13.55K	USD	Point-in-time
Cash, End of Period	`Cash`	$12.64K	USD	Point-in-time
Cash, End of Period	`Cash`	$10.50K	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	2 Qtrs
Interest	`InterestPaidNet`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Income taxes	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedParty`	$39.05K	USD	2 Qtrs
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedParty`	$56.56K	USD	2 Qtrs

Stockholders Equity 21 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-2.09M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.37M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.50M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.61M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.86M	USD	Point-in-time
Shares issued on cashless exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-107.05K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-233.93K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-133.51K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-126.88K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-110.87K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-244.38K	USD	2 Qtrs
Ending balance, value	`StockholdersEquity`	$-2.09M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.37M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.50M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.61M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.86M	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

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