10-Q Filing

FINTRADE SHERPA, INC. CIK: 1319643 Q2 2023

Filing Information

Form Type	10-Q
Accession Number	`0001199835-23-000423`
Period End Date	20230630
Filing Date	20230814
Fiscal Year	2023
Fiscal Period	Q2
XBRL Instance	lsmg-10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 42 Income Statement 58 Cash Flow Statement 44 Stockholders Equity 29

Balance Sheet 42 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
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$511.00	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$6.01K	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$886.00	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$561.00	USD	Point-in-time
Total current assets and total assets	`AssetsCurrent`	$511.00	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets and total assets	`AssetsCurrent`	$886.00	USD	Point-in-time
Preferred Stock, Par Value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Assets	`Assets`	$511.00	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	120.94M	shares	Point-in-time
Total Assets	`Assets`	$886.00	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
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$637.00	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$7.26K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesAndAccruedInterestCurrent`	$20.14K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesAndAccruedInterestCurrent`	$57.99K	USD	Point-in-time
Total current liabilities and total liabilities	`LiabilitiesCurrent`	$58.62K	USD	Point-in-time
Total current liabilities and total liabilities	`LiabilitiesCurrent`	$27.40K	USD	Point-in-time
Total liabilities	`Liabilities`	$27.40K	USD	Point-in-time
Total liabilities	`Liabilities`	$58.62K	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 June 30, 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 June 30, 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`	$-4.26M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-4.29M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-4.22K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-2.41M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-32.66K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-26.51K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-58.11K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-259.51K	USD	Point-in-time
Total liabilities and stockholders deficiency	`LiabilitiesAndStockholdersEquity`	$886.00	USD	Point-in-time
Total liabilities and stockholders deficiency	`LiabilitiesAndStockholdersEquity`	$511.00	USD	Point-in-time

Income Statement 58 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`	$58.30K	USD	2 Qtrs
Consulting services	`ConsultingServices`	$52.07K	USD	1 Quarter
Consulting services	`ConsultingServices`	-	USD	2 Qtrs
Consulting services	`ConsultingServices`	-	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$910.00	USD	2 Qtrs
Corporate support services	`CorporateSupportServices`	$466.00	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$1.00K	USD	2 Qtrs
Corporate support services	`CorporateSupportServices`	$504.00	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$1.72K	USD	2 Qtrs
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$-3.93K	USD	2 Qtrs
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$-5.67K	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$948.00	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$22.39K	USD	2 Qtrs
Professional Fees	`ProfessionalFees`	$52.25K	USD	2 Qtrs
Professional Fees	`ProfessionalFees`	$21.93K	USD	1 Quarter
Professional Fees	`ProfessionalFees`	$45.16K	USD	1 Quarter
Transfer and filing fees	`NoninterestExpenseTransferAgentAndCustodianFees`	$6.59K	USD	2 Qtrs
Transfer and filing fees	`NoninterestExpenseTransferAgentAndCustodianFees`	$25.27K	USD	2 Qtrs
Transfer and filing fees	`NoninterestExpenseTransferAgentAndCustodianFees`	$2.10K	USD	1 Quarter
Transfer and filing fees	`NoninterestExpenseTransferAgentAndCustodianFees`	$7.47K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$25.45K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$99.55K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$31.60K	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$132.89K	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-31.60K	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-25.45K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-132.89K	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-99.55K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	-	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$234.00	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	-	USD	2 Qtrs
Interest, bank and finance charges	`InterestAndDebtExpense`	$807.00	USD	2 Qtrs
Rescinded Sapir transaction	`RescindedSapirTransaction`	-	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
Total other items	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Total other items	`OtherNonoperatingIncomeExpense`	$2.19M	USD	1 Quarter
Total other items	`OtherNonoperatingIncomeExpense`	-	USD	2 Qtrs
Total other items	`OtherNonoperatingIncomeExpense`	$2.19M	USD	2 Qtrs
Net Inocme (Loss) and Comprehensive Income (Loss) For The Period	`NetIncomeLoss`	$-31.60K	USD	2 Qtrs
Net Inocme (Loss) and Comprehensive Income (Loss) For The Period	`NetIncomeLoss`	$2.05M	USD	2 Qtrs
Net Inocme (Loss) and Comprehensive Income (Loss) For The Period	`NetIncomeLoss`	$-6.16K	USD	1 Quarter
Net Inocme (Loss) and Comprehensive Income (Loss) For The Period	`NetIncomeLoss`	$-25.45K	USD	1 Quarter
Net Inocme (Loss) and Comprehensive Income (Loss) For The Period	`NetIncomeLoss`	$-33.92K	USD	1 Quarter
Net Inocme (Loss) and Comprehensive Income (Loss) For The Period	`NetIncomeLoss`	$2.09M	USD	1 Quarter
Basic And Diluted Net Income (Loss) Per Common Share	`EarningsPerShareBasicAndDiluted1`	-	USD	1 Quarter
Basic And Diluted Net Income (Loss) Per Common Share	`EarningsPerShareBasicAndDiluted1`	-	USD	2 Qtrs
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`	$0.02	USD	2 Qtrs
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`	120.94M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	54.13M	shares	2 Qtrs
Weighted Average Number of Common Shares Outstanding Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted1`	57.59M	shares	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income (loss) for the period	`NetIncomeLoss`	$-31.60K	USD	2 Qtrs
Net income (loss) for the period	`NetIncomeLoss`	$2.05M	USD	2 Qtrs
Net income (loss) for the period	`NetIncomeLoss`	$-6.16K	USD	1 Quarter
Net income (loss) for the period	`NetIncomeLoss`	$-25.45K	USD	1 Quarter
Net income (loss) for the period	`NetIncomeLoss`	$-33.92K	USD	1 Quarter
Net income (loss) for the period	`NetIncomeLoss`	$2.09M	USD	1 Quarter
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.05K	USD	2 Qtrs
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	-	USD	2 Qtrs
Rescinded Sapir transaction	`RescindedSapirTransaction`	-	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
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-6.62K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$73.75K	USD	2 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$1.14K	USD	2 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-57.76K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-38.23K	USD	2 Qtrs
Proceeds from loans payable related party	`ProceedsFromRelatedPartyDebt`	$37.85K	USD	2 Qtrs
Proceeds from loans payable related party	`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`	$37.85K	USD	2 Qtrs
Net Decrease In Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-5.45K	USD	2 Qtrs
Net Decrease In Cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-375.00	USD	2 Qtrs
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$511.00	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.01K	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$886.00	USD	Point-in-time
Cash, Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$561.00	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$511.00	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$6.01K	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$886.00	USD	Point-in-time
Cash, End of Period	`CashAndCashEquivalentsAtCarryingValue`	$561.00	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 parties on behalf of the Company	`ExpensesPaidByRelatedPartyOnBehalfOfCompany`	$24.02K	USD	2 Qtrs
Expenses paid by related parties on behalf of the Company	`ExpensesPaidByRelatedPartyOnBehalfOfCompany`	-	USD	2 Qtrs
Reinstated debt	`ReinstatedDebt`	-	USD	2 Qtrs
Reinstated debt	`ReinstatedDebt`	$-2.25M	USD	1 Quarter
Reinstated debt	`ReinstatedDebt`	$2.25M	USD	2 Qtrs
Shares issued to settle debt	`SharesIssuedToShareholderToSettleDebt`	-	USD	2 Qtrs
Shares issued to settle debt	`SharesIssuedToShareholderToSettleDebt`	$2.60M	USD	1 Quarter
Shares issued to settle debt	`SharesIssuedToShareholderToSettleDebt`	$2.60M	USD	2 Qtrs

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$-4.22K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-2.41M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-32.66K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-26.51K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-58.11K	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$-259.51K	USD	Point-in-time
Shares issued on cashless exercise of stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	-	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-31.60K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$2.05M	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-6.16K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-25.45K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-33.92K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$2.09M	USD	1 Quarter
Rescinded Sapir Transaction	`RescindedSapirTransaction`	-	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
Reinstated debt	`ReinstatedDebt`	-	USD	2 Qtrs
Reinstated debt	`ReinstatedDebt`	$-2.25M	USD	1 Quarter
Reinstated debt	`ReinstatedDebt`	$2.25M	USD	2 Qtrs
Shares issued to shareholder to settle debt	`SharesIssuedToShareholderToSettleDebt`	-	USD	2 Qtrs
Shares issued to shareholder to settle debt	`SharesIssuedToShareholderToSettleDebt`	$2.60M	USD	1 Quarter
Shares issued to shareholder to settle debt	`SharesIssuedToShareholderToSettleDebt`	$2.60M	USD	2 Qtrs
Ending balance, value	`StockholdersEquity`	$-4.22K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-2.41M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-32.66K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-26.51K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-58.11K	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$-259.51K	USD	Point-in-time

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