10-Q Filing

FINTRADE SHERPA, INC. CIK: 1319643 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001199835-23-000252`
Period End Date	20230331
Filing Date	20230516
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	lsmg-10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 26 Cash Flow Statement 32 Stockholders Equity 11

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
Commmon Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Commmon Stock, Par Value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.01K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.77K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$1.04K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$886.00	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
Total current assets and total assets	`AssetsCurrent`	$886.00	USD	Point-in-time
Total current assets and total assets	`AssetsCurrent`	$10.77K	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	120.94M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	120.94M	shares	Point-in-time
Total Assets	`Assets`	$10.77K	USD	Point-in-time
Total Assets	`Assets`	$886.00	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
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$7.26K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$1.25K	USD	Point-in-time
Due to related parties and accrued interest	`DueToRelatedPartiesAndAccruedInterestCurrent`	$20.14K	USD	Point-in-time
Due to related parties and accrued interest	`DueToRelatedPartiesAndAccruedInterestCurrent`	$42.19K	USD	Point-in-time
Total current liabilities and total liabilities	`LiabilitiesCurrent`	$27.40K	USD	Point-in-time
Total current liabilities and total liabilities	`LiabilitiesCurrent`	$43.43K	USD	Point-in-time
Total liabilities	`Liabilities`	$43.43K	USD	Point-in-time
Total liabilities	`Liabilities`	$27.40K	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 March 31, 2023 120,937,442 common shares and no preferred shares at December 31, 2022	`CommonStockValue`	$73.76K	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 March 31, 2023 120,937,442 common shares and no preferred shares at December 31, 2022	`CommonStockValue`	$73.76K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$4.16M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$4.16M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-4.27M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-4.26M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-2.41M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-26.51K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-259.51K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-32.66K	USD	Point-in-time
Total liabilities and stockholders deficiency	`LiabilitiesAndStockholdersEquity`	$10.77K	USD	Point-in-time
Total liabilities and stockholders deficiency	`LiabilitiesAndStockholdersEquity`	$886.00	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	1 Quarter
Consulting services	`ConsultingServices`	$6.22K	USD	1 Quarter
Consulting services	`ConsultingServices`	-	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$498.00	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$444.00	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$1.87K	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$767.00	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$7.09K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$456.00	USD	1 Quarter
Transfer and filing fees	`NoninterestExpenseTransferAgentAndCustodianFees`	$4.49K	USD	1 Quarter
Transfer and filing fees	`NoninterestExpenseTransferAgentAndCustodianFees`	$17.80K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$33.48K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$6.16K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-6.16K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-33.48K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$439.00	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	-	USD	1 Quarter
Total other items	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Total other items	`OtherNonoperatingIncomeExpense`	$-439.00	USD	1 Quarter
Net Loss and Comprehensive Loss For The Period	`NetIncomeLoss`	$-33.92K	USD	1 Quarter
Net Loss and Comprehensive Loss For The Period	`NetIncomeLoss`	$-6.16K	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`	120.94M	shares	1 Quarter
Weighted Average Number of Common Shares Outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	50.63M	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`	$-6.16K	USD	1 Quarter
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$50.00	USD	1 Quarter
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	1 Quarter
Prepaid fees	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Prepaid fees	`IncreaseDecreaseInPrepaidExpense`	-	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.01K	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$18.48K	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	-	USD	1 Quarter
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$419.00	USD	1 Quarter
Net cash provided (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$9.88K	USD	1 Quarter
Net cash provided (used) in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.97K	USD	1 Quarter
Proceeds from loans payable related party	`ProceedsFromRelatedPartyDebt`	$22.05K	USD	1 Quarter
Proceeds from loans payable related party	`ProceedsFromRelatedPartyDebt`	$10.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$10.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$22.05K	USD	1 Quarter
Net Increase (Decrease) In Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-4.97K	USD	1 Quarter
Net Increase (Decrease) In Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$9.88K	USD	1 Quarter
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.01K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.77K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.04K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$886.00	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.01K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$10.77K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$1.04K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$886.00	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 parties on behalf of the Company	`ExpensesPaidByRelatedPartyOnBehalfOfCompany`	-	USD	1 Quarter
Expenses paid by related parties 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`	$-2.41M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-26.51K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-259.51K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-32.66K	USD	Point-in-time
Shares issued on cashless exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-33.92K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-6.16K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$-2.41M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-26.51K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-259.51K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-32.66K	USD	Point-in-time

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