10-Q Filing

FINTRADE SHERPA, INC. CIK: 1319643 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001199835-22-000335`
Period End Date	20220331
Filing Date	20220523
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	lsmg-10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 38 Income Statement 28 Cash Flow Statement 32 Stockholders Equity 11

Balance Sheet 38 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$21.34K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.04K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.01K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$12.64K	USD	Point-in-time
Prepaid fees	`PrepaidExpenseCurrent`	$273.00	USD	Point-in-time
Prepaid fees	`PrepaidExpenseCurrent`	$273.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.31K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.28K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Total assets	`Assets`	$1.31K	USD	Point-in-time
Total assets	`Assets`	$6.28K	USD	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
Common Stock, Shares, Issued	`CommonStockSharesIssued`	50.63M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	50.61M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$190.39K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$203.41K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Due to related parties and accrued interest	`DueToRelatedPartiesAndAccruedInterestCurrent`	$57.41K	USD	Point-in-time
Due to related parties and accrued interest	`DueToRelatedPartiesAndAccruedInterestCurrent`	$41.47K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$231.87K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$260.82K	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 March 31, 2022; 50,605,965 common shares and no preferred shares at December 31, 2021	`CommonStockValue`	$3.45K	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 March 31, 2022; 50,605,965 common shares and no preferred shares at December 31, 2021	`CommonStockValue`	$3.45K	USD	Point-in-time
Shares To Be Issued 1,000,000 Series A convertible preferred shares	`SharesToBeIssued`	$2.19M	USD	Point-in-time
Shares To Be Issued 1,000,000 Series A convertible preferred shares	`SharesToBeIssued`	$2.19M	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`	$-4.05M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-4.08M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-259.51K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-225.59K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-1.86M	USD	Point-in-time
Total liabilities and stockholders deficiency	`LiabilitiesAndStockholdersEquity`	$1.31K	USD	Point-in-time
Total liabilities and stockholders deficiency	`LiabilitiesAndStockholdersEquity`	$6.28K	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Consulting services	`ConsultingServices`	$31.19K	USD	1 Quarter
Consulting services	`ConsultingServices`	$6.22K	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$495.00	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$498.00	USD	1 Quarter
Exploration and evaluation	`ExplorationExpense`	-	USD	1 Quarter
Exploration and evaluation	`ExplorationExpense`	$7.53K	USD	1 Quarter
Mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	$24.98K	USD	1 Quarter
Mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$1.87K	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$1.38K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$7.09K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$19.83K	USD	1 Quarter
Transfer and filing fees	`NoninterestExpenseTransferAgentAndCustodianFees`	$17.80K	USD	1 Quarter
Transfer and filing fees	`NoninterestExpenseTransferAgentAndCustodianFees`	$18.73K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$104.13K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$33.48K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-33.48K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-104.13K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$22.75K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$439.00	USD	1 Quarter
Net Loss For The Period	`NetIncomeLoss`	$-33.92K	USD	1 Quarter
Net Loss For The Period	`NetIncomeLoss`	$-126.88K	USD	1 Quarter
Basic And Diluted Net Loss Per Common Share	`EarningsPerShareBasicAndDiluted1`	-	USD	1 Quarter
Basic And Diluted Net Loss Per Common Share	`EarningsPerShareBasicAndDiluted1`	-	USD	1 Quarter
Weighted Average Number of Common Shares Outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	50.63M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	50.61M	shares	1 Quarter

Cash Flow Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-33.92K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-126.88K	USD	1 Quarter
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$50.00	USD	1 Quarter
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$42.00	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$18.48K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$72.95K	USD	1 Quarter
Accrued mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	$24.98K	USD	1 Quarter
Accrued mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$419.00	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$22.61K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.97K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-6.30K	USD	1 Quarter
Proceeds from loans payable related parties	`ProceedsFromRelatedPartyDebt`	$15.00K	USD	1 Quarter
Proceeds from loans payable related parties	`ProceedsFromRelatedPartyDebt`	$10.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$15.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00K	USD	1 Quarter
Net Decrease In Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.97K	USD	1 Quarter
Net Decrease In Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$8.70K	USD	1 Quarter
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$21.34K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.04K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.01K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.64K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$21.34K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.04K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.01K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.64K	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	1 Quarter
Interest	`InterestPaidNet`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedPartyOnBehalfOfCompany`	$24.25K	USD	1 Quarter
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedPartyOnBehalfOfCompany`	$5.47K	USD	1 Quarter

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-259.51K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-225.59K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.86M	USD	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-33.92K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-126.88K	USD	1 Quarter
Shares issued on cashless exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-259.51K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-225.59K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.86M	USD	Point-in-time

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