10-Q Filing

FINTRADE SHERPA, INC. CIK: 1319643 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001199835-22-000477`
Period End Date	20220630
Filing Date	20220815
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	lsmg-10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 66 Cash Flow Statement 48 Stockholders Equity 29

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.01K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$561.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$13.55K	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`	$6.28K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$834.00	USD	Point-in-time
Total assets	`Assets`	$834.00	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`	$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`	120.94M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$190.39K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$4.34K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Due to related parties and accrued interest	`DueToRelatedPartiesAndAccruedInterestCurrent`	$41.47K	USD	Point-in-time
Due to related parties and accrued interest	`DueToRelatedPartiesAndAccruedInterestCurrent`	$720.00	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$231.87K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$5.06K	USD	Point-in-time
Authorized: 480,000,000 voting common shares and 20,000,000 preferred shares; Issued: 120,937,442 common shares and no preferred shares at June 30, 2022; 50,634,536 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: 120,937,442 common shares and no preferred shares at June 30, 2022; 50,634,536 common shares and no preferred shares at December 31, 2021	`CommonStockValue`	$73.76K	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`	-	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$4.16M	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`	$-4.24M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-225.59K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-4.22K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-1.86M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-259.51K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-2.09M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Total liabilities and stockholders deficiency	`LiabilitiesAndStockholdersEquity`	$834.00	USD	Point-in-time
Total liabilities and stockholders deficiency	`LiabilitiesAndStockholdersEquity`	$6.28K	USD	Point-in-time

Income Statement 66 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Consulting services	`ConsultingServices`	$52.07K	USD	1 Quarter
Consulting services	`ConsultingServices`	$31.39K	USD	1 Quarter
Consulting services	`ConsultingServices`	$62.58K	USD	2 Qtrs
Consulting services	`ConsultingServices`	$58.30K	USD	2 Qtrs
Corporate support services	`CorporateSupportServices`	$503.00	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$1.00K	USD	2 Qtrs
Corporate support services	`CorporateSupportServices`	$512.00	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$1.01K	USD	2 Qtrs
Exploration and evaluation	`ExplorationExpense`	-	USD	2 Qtrs
Exploration and evaluation	`ExplorationExpense`	$20.69K	USD	2 Qtrs
Exploration and evaluation	`ExplorationExpense`	$13.16K	USD	1 Quarter
Exploration and evaluation	`ExplorationExpense`	-	USD	1 Quarter
Mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	$49.99K	USD	2 Qtrs
Mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	$25.01K	USD	1 Quarter
Mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	2 Qtrs
Mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$-3.93K	USD	2 Qtrs
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$4.15K	USD	2 Qtrs
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$2.77K	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$-5.67K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$52.25K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$45.16K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$7.95K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$27.78K	USD	2 Qtrs
Transfer and filing fees	`NoninterestExpenseTransferAgentAndCustodianFees`	$2.00K	USD	1 Quarter
Transfer and filing fees	`NoninterestExpenseTransferAgentAndCustodianFees`	$25.27K	USD	2 Qtrs
Transfer and filing fees	`NoninterestExpenseTransferAgentAndCustodianFees`	$20.72K	USD	2 Qtrs
Transfer and filing fees	`NoninterestExpenseTransferAgentAndCustodianFees`	$7.47K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$82.79K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$186.92K	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$132.89K	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$99.55K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-99.55K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-132.89K	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-82.79K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-186.92K	USD	2 Qtrs
Interest, bank and finance charges	`InterestAndDebtExpense`	$47.01K	USD	2 Qtrs
Interest, bank and finance charges	`InterestAndDebtExpense`	$235.00	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$24.26K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$807.00	USD	2 Qtrs
Rescinded Sapir transaction	`RescindedSapirTransaction`	-	USD	1 Quarter
Rescinded Sapir transaction	`RescindedSapirTransaction`	$-2.19M	USD	2 Qtrs
Rescinded Sapir transaction	`RescindedSapirTransaction`	$-2.19M	USD	1 Quarter
Rescinded Sapir transaction	`RescindedSapirTransaction`	-	USD	2 Qtrs
Total Other Expenses	`OtherNonoperatingIncomeExpense`	$-47.01K	USD	2 Qtrs
Total Other Expenses	`OtherNonoperatingIncomeExpense`	$2.19M	USD	1 Quarter
Total Other Expenses	`OtherNonoperatingIncomeExpense`	$2.19M	USD	2 Qtrs
Total Other Expenses	`OtherNonoperatingIncomeExpense`	$-24.26K	USD	1 Quarter
Net Income (Loss) and Comprehensive Income (Loss) For The Period	`NetIncomeLoss`	$-126.88K	USD	1 Quarter
Net Income (Loss) and Comprehensive Income (Loss) For The Period	`NetIncomeLoss`	$2.05M	USD	2 Qtrs
Net Income (Loss) and Comprehensive Income (Loss) For The Period	`NetIncomeLoss`	$2.09M	USD	1 Quarter
Net Income (Loss) and Comprehensive Income (Loss) For The Period	`NetIncomeLoss`	$-107.05K	USD	1 Quarter
Net Income (Loss) and Comprehensive Income (Loss) For The Period	`NetIncomeLoss`	$-233.93K	USD	2 Qtrs
Net Income (Loss) and Comprehensive Income (Loss) For The Period	`NetIncomeLoss`	$-33.92K	USD	1 Quarter
Basic And Diluted Net Income (Loss) Per Common Share	`EarningsPerShareBasicAndDiluted1`	$0.02	USD	2 Qtrs
Basic And Diluted Net Income (Loss) Per Common Share	`EarningsPerShareBasicAndDiluted1`	-	USD	1 Quarter
Basic And Diluted Net Income (Loss) Per Common Share	`EarningsPerShareBasicAndDiluted1`	$0.02	USD	1 Quarter
Basic And Diluted Net Income (Loss) Per Common Share	`EarningsPerShareBasicAndDiluted1`	-	USD	2 Qtrs
Weighted Average Number of Common Shares Outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	50.62M	shares	2 Qtrs
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`	57.59M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	54.13M	shares	2 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) for the period	`NetIncomeLoss`	$-126.88K	USD	1 Quarter
Net income (loss) for the period	`NetIncomeLoss`	$2.05M	USD	2 Qtrs
Net income (loss) for the period	`NetIncomeLoss`	$2.09M	USD	1 Quarter
Net income (loss) for the period	`NetIncomeLoss`	$-107.05K	USD	1 Quarter
Net income (loss) for the period	`NetIncomeLoss`	$-233.93K	USD	2 Qtrs
Net income (loss) for the period	`NetIncomeLoss`	$-33.92K	USD	1 Quarter
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.05K	USD	2 Qtrs
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$84.00	USD	2 Qtrs
Rescinded Sapir Transaction	`RescindedSapirTransaction`	-	USD	1 Quarter
Rescinded Sapir Transaction	`RescindedSapirTransaction`	$-2.19M	USD	2 Qtrs
Rescinded Sapir Transaction	`RescindedSapirTransaction`	$-2.19M	USD	1 Quarter
Rescinded Sapir Transaction	`RescindedSapirTransaction`	-	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$73.75K	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`	$25.01K	USD	1 Quarter
Accrued mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	2 Qtrs
Accrued mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$46.62K	USD	2 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$-1.14K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-44.09K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-57.76K	USD	2 Qtrs
Proceeds from loans payable related parties	`ProceedsFromRelatedPartyDebt`	$45.00K	USD	2 Qtrs
Proceeds from loans payable related parties	`ProceedsFromRelatedPartyDebt`	$52.31K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$52.31K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$45.00K	USD	2 Qtrs
Net Decrease In Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$906.00	USD	2 Qtrs
Net Decrease In Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.45K	USD	2 Qtrs
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.01K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$561.00	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$13.55K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.64K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.01K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$561.00	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$13.55K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$12.64K	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	`ExpensesPaidByRelatedPartyOnBehalfOfCompany`	$24.02K	USD	2 Qtrs
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedPartyOnBehalfOfCompany`	$39.05K	USD	2 Qtrs
Reinstated debt	`ReinstatedDebt`	$2.25M	USD	2 Qtrs
Reinstated debt	`ReinstatedDebt`	$-2.25M	USD	1 Quarter
Reinstated debt	`ReinstatedDebt`	-	USD	2 Qtrs
Shares issued to shareholder to settle debt	`SharesIssuedToShareholderToSettleDebt`	$2.60M	USD	1 Quarter
Shares issued to shareholder to settle debt	`SharesIssuedToShareholderToSettleDebt`	-	USD	2 Qtrs
Shares issued to shareholder to settle debt	`SharesIssuedToShareholderToSettleDebt`	$2.60M	USD	2 Qtrs

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-225.59K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-4.22K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.86M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-259.51K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.09M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-1.99M	USD	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-126.88K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$2.05M	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$2.09M	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`	$-33.92K	USD	1 Quarter
Rescinded Sapir Transaction	`RescindedSapirTransaction`	-	USD	1 Quarter
Rescinded Sapir Transaction	`RescindedSapirTransaction`	$-2.19M	USD	2 Qtrs
Rescinded Sapir Transaction	`RescindedSapirTransaction`	$-2.19M	USD	1 Quarter
Rescinded Sapir Transaction	`RescindedSapirTransaction`	-	USD	2 Qtrs
Reinstated debt	`ReinstatedDebt`	$2.25M	USD	2 Qtrs
Reinstated debt	`ReinstatedDebt`	$-2.25M	USD	1 Quarter
Reinstated debt	`ReinstatedDebt`	-	USD	2 Qtrs
Shares issued to shareholder to settle debt	`SharesIssuedToShareholderToSettleDebt`	$2.60M	USD	1 Quarter
Shares issued to shareholder to settle debt	`SharesIssuedToShareholderToSettleDebt`	-	USD	2 Qtrs
Shares issued to shareholder to settle debt	`SharesIssuedToShareholderToSettleDebt`	$2.60M	USD	2 Qtrs
Shares issued on cashless exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-225.59K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-4.22K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.86M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-259.51K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.09M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.99M	USD	Point-in-time

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