10-K Filing

FINTRADE SHERPA, INC. CIK: 1319643 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001199835-23-000172`
Period End Date	20221231
Filing Date	20230324
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	lsmg-10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 34 Cash Flow Statement 45 Stockholders Equity 18

Balance Sheet 40 line items

Line Item	Tag	Value	Unit	Period
Cash	`CashAndCashEquivalentsAtCarryingValue`	$12.64K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.01K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$886.00	USD	Point-in-time
Prepaid fees	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Prepaid fees	`PrepaidExpenseCurrent`	$273.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$886.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.28K	USD	Point-in-time
Total assets	`Assets`	$6.28K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Total assets	`Assets`	$886.00	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$190.39K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$7.26K	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Due to related parties and accrued interest	`DueToRelatedPartiesAndAccruedInterestCurrent`	$41.47K	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Due to related parties and accrued interest	`DueToRelatedPartiesAndAccruedInterestCurrent`	$20.14K	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current liabilities and total liabilities	`LiabilitiesCurrent`	$231.87K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	50.61M	shares	Point-in-time
Total current liabilities and total liabilities	`LiabilitiesCurrent`	$27.40K	USD	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
Capital Stock 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: 120,937,442 common shares and no preferred shares at December 31, 2022, 50,605,965 common shares and no preferred shares at December 31, 2021	`CommonStockValue`	$3.45K	USD	Point-in-time
Capital Stock 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: 120,937,442 common shares and no preferred shares at December 31, 2022, 50,605,965 common shares and no preferred shares at December 31, 2021	`CommonStockValue`	$73.76K	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Shares to be issued 1,000,000 Series A convertible preferred shares (Rescinded June 6, 2022)	`SharesToBeIssued`	-	USD	Point-in-time
Shares to be issued 1,000,000 Series A convertible preferred shares (Rescinded June 6, 2022)	`SharesToBeIssued`	$2.19M	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`	$-4.26M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-4.05M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-1.86M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-225.59K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-26.51K	USD	Point-in-time
Total liabilities and stockholders deficiency	`LiabilitiesAndStockholdersEquity`	$6.28K	USD	Point-in-time
Total liabilities and stockholders deficiency	`LiabilitiesAndStockholdersEquity`	$886.00	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	Annual
Consulting services	`ConsultingServices`	$125.12K	USD	Annual
Consulting services	`ConsultingServices`	$58.32K	USD	Annual
Corporate support services	`CorporateSupportServices`	$1.95K	USD	Annual
Corporate support services	`CorporateSupportServices`	$2.01K	USD	Annual
Exploration and evaluation	`ExplorationExpense`	$28.44K	USD	Annual
Exploration and evaluation	`ExplorationExpense`	$274.00	USD	Annual
Mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	$75.00K	USD	Annual
Mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	Annual
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$7.03K	USD	Annual
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$7.47K	USD	Annual
Professional Fees	`ProfessionalFees`	$46.23K	USD	Annual
Professional Fees	`ProfessionalFees`	$57.98K	USD	Annual
Transfer and filing fees	`NoninterestExpenseTransferAgentAndCustodianFees`	$25.05K	USD	Annual
Transfer and filing fees	`NoninterestExpenseTransferAgentAndCustodianFees`	$29.96K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$309.32K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$155.52K	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-155.52K	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-309.32K	USD	Annual
Acquired in-process research and development	`ResearchAndDevelopmentInProcess`	$2.19M	USD	Annual
Acquired in-process research and development	`ResearchAndDevelopmentInProcess`	-	USD	Annual
Rescinded Sapir transaction	`RescindedSapirTransaction`	-	USD	Annual
Rescinded Sapir transaction	`RescindedSapirTransaction`	$2.19M	USD	Annual
Interest, bank and finance charges	`InterestAndDebtExpense`	$72.93K	USD	Annual
Interest, bank and finance charges	`InterestAndDebtExpense`	$468.00	USD	Annual
Total other items	`OtherNonoperatingIncomeExpense`	$2.19M	USD	Annual
Total other items	`OtherNonoperatingIncomeExpense`	$-2.26M	USD	Annual
Net Income (Loss) and Comprehensive Income (Loss) For The Year	`NetIncomeLoss`	$2.03M	USD	Annual
Net Income (Loss) and Comprehensive Income (Loss) For The Year	`NetIncomeLoss`	$-2.57M	USD	Annual
Basic And Diluted Net Loss Per Common Share	`EarningsPerShareBasicAndDiluted1`	$0.02	USD	Annual
Basic And Diluted Net Loss Per Common Share	`EarningsPerShareBasicAndDiluted1`	$-0.05	USD	Annual
Weighted Average Number of Common Shares Outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	87.81M	shares	Annual
Weighted Average Number of Common Shares Outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	50.63M	shares	Annual

Cash Flow Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) for the year	`NetIncomeLoss`	$2.03M	USD	Annual
Net income (loss) for the year	`NetIncomeLoss`	$-2.57M	USD	Annual
Acquired in-process research and development	`ResearchAndDevelopmentInProcess`	$2.19M	USD	Annual
Acquired in-process research and development	`ResearchAndDevelopmentInProcess`	-	USD	Annual
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$35.00	USD	Annual
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	Annual
Rescinded Sapir transaction	`RescindedSapirTransaction`	-	USD	Annual
Rescinded Sapir transaction	`RescindedSapirTransaction`	$2.19M	USD	Annual
Prepaid fees	`IncreaseDecreaseInPrepaidExpense`	$3.67K	USD	Annual
Prepaid fees	`IncreaseDecreaseInPrepaidExpense`	$273.00	USD	Annual
Accrued mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	$75.00K	USD	Annual
Accrued mineral option fees	`IncreaseDecreaseInOtherAccruedLiabilities`	-	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$155.75K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$52.65K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	-	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$1.05K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$72.23K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$418.00	USD	Annual
Net cash provided (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-75.58K	USD	Annual
Net cash provided (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-101.60K	USD	Annual
Repayment of loans payable related party	`PaymentsForLoans`	-	USD	Annual
Repayment of loans payable related party	`PaymentsForLoans`	$6.06K	USD	Annual
Proceeds from loans payable related party	`ProceedsFromRelatedPartyDebt`	$75.00K	USD	Annual
Proceeds from loans payable related party	`ProceedsFromRelatedPartyDebt`	$96.48K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$96.48K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$68.94K	USD	Annual
Net Decrease In Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-6.64K	USD	Annual
Net Decrease In Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.12K	USD	Annual
Cash, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$12.64K	USD	Point-in-time
Cash, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$6.01K	USD	Point-in-time
Cash, Beginning of Year	`CashAndCashEquivalentsAtCarryingValue`	$886.00	USD	Point-in-time
Cash, End of Year	`CashAndCashEquivalentsAtCarryingValue`	$12.64K	USD	Point-in-time
Cash, End of Year	`CashAndCashEquivalentsAtCarryingValue`	$6.01K	USD	Point-in-time
Cash, End of Year	`CashAndCashEquivalentsAtCarryingValue`	$886.00	USD	Point-in-time
Interest	`InterestPaidNet`	-	USD	Annual
Interest	`InterestPaidNet`	-	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes	`IncomeTaxesPaidNet`	-	USD	Annual
Expenses paid by related parties on behalf of the Company	`ExpensesPaidByRelatedPartyOnBehalfOfCompany`	$49.53K	USD	Annual
Expenses paid by related parties on behalf of the Company	`ExpensesPaidByRelatedPartyOnBehalfOfCompany`	-	USD	Annual
Reinstated debt	`ReinstatedDebt`	$-2.02M	USD	Annual
Reinstated debt	`ReinstatedDebt`	$-2.25M	USD	Annual
Shares issued to settle debt	`SharesIssuedToShareholderToSettleDebt`	$2.60M	USD	Annual
Shares issued to settle debt	`SharesIssuedToShareholderToSettleDebt`	-	USD	Annual
Shares issued to settle debt	`SharesIssuedToShareholderToSettleDebt`	$2.60M	USD	Point-in-time

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-1.86M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-225.59K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-26.51K	USD	Point-in-time
Shares issued on cashless exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	Annual
Preferred shares to be issued (1,000,000 Preferred)	`PreferredSharesToBeIssued`	$2.19M	USD	Annual
Settlement of shareholder debt	`SettlementOfShareholderDebt`	$2.02M	USD	Annual
Net income for the year	`NetIncomeLoss`	$2.03M	USD	Annual
Net income for the year	`NetIncomeLoss`	$-2.57M	USD	Annual
Rescinded Sapir Transaction	`RescindedSapirTransaction`	-	USD	Annual
Rescinded Sapir Transaction	`RescindedSapirTransaction`	$2.19M	USD	Annual
Reinstated debt	`ReinstatedDebt`	$-2.02M	USD	Annual
Reinstated debt	`ReinstatedDebt`	$-2.25M	USD	Annual
Shares issued to shareholder to settle debt	`SharesIssuedToShareholderToSettleDebt`	$2.60M	USD	Annual
Shares issued to shareholder to settle debt	`SharesIssuedToShareholderToSettleDebt`	-	USD	Annual
Shares issued to shareholder to settle debt	`SharesIssuedToShareholderToSettleDebt`	$2.60M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-1.86M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-225.59K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-26.51K	USD	Point-in-time

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