10-Q Filing

FINTRADE SHERPA, INC. CIK: 1319643 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001654954-16-001414`
Period End Date	20160630
Filing Date	20160811
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	lsmg-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 60 Cash Flow Statement 38

Balance Sheet 44 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash	`Cash`	$12.46K	USD	Point-in-time
Cash	`Cash`	$5.37K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Cash	`Cash`	$13.12K	USD	Point-in-time
Cash	`Cash`	$-473.00	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	49.13M	shares	Point-in-time
Prepaid fees	`PrepaidExpenseCurrent`	$3.22K	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	49.13M	shares	Point-in-time
Prepaid fees	`PrepaidExpenseCurrent`	$3.22K	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
Current assets	`AssetsCurrent`	$16.34K	USD	Point-in-time
Current assets	`AssetsCurrent`	$15.67K	USD	Point-in-time
Mineral Property Interest	`MineralPropertiesNet`	$230.18K	USD	Point-in-time
Mineral Property Interest	`MineralPropertiesNet`	$230.18K	USD	Point-in-time
Preferred stock, Authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, Authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total Assets	`Assets`	$246.52K	USD	Point-in-time
Preferred stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total Assets	`Assets`	$245.85K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.30K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$24.43K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$495.38K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$640.70K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$76.18K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$69.52K	USD	Point-in-time
Liabilities Current	`LiabilitiesCurrent`	$734.65K	USD	Point-in-time
Liabilities Current	`LiabilitiesCurrent`	$585.87K	USD	Point-in-time
Contractual Obligations, Commitments And Subsequent Events (Notes 3, 7 and 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Contractual Obligations, Commitments And Subsequent Events (Notes 3, 7 and 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Authorized: 480,000,000 voting common shares with a par value of $0.001 per share 20,000,0000 preferred shares with a par value of $0.001 per share Issued: 49,127,825 common shares at June 30, 2016 and December 31, 2015	`CommonStockValue`	$1.95K	USD	Point-in-time
Authorized: 480,000,000 voting common shares with a par value of $0.001 per share 20,000,0000 preferred shares with a par value of $0.001 per share Issued: 49,127,825 common shares at June 30, 2016 and December 31, 2015	`CommonStockValue`	$1.95K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$1.07M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$1.07M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.56M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.41M	USD	Point-in-time
Stockholders' deficiency	`StockholdersEquity`	$-488.13K	USD	Point-in-time
Stockholders' deficiency	`StockholdersEquity`	$-340.01K	USD	Point-in-time
Liabilities and Stockholders' Deficiency	`LiabilitiesAndStockholdersEquity`	$245.85K	USD	Point-in-time
Liabilities and Stockholders' Deficiency	`LiabilitiesAndStockholdersEquity`	$246.52K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Revenue	`SalesRevenueNet`	-	USD	2 Qtrs
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Revenue	`SalesRevenueNet`	-	USD	2 Qtrs
Consulting services	`TechnologyServicesCosts`	$13.26K	USD	2 Qtrs
Consulting services	`TechnologyServicesCosts`	$6.12K	USD	1 Quarter
Consulting services	`TechnologyServicesCosts`	$12.83K	USD	1 Quarter
Consulting services	`TechnologyServicesCosts`	$11.82K	USD	2 Qtrs
Corporate support services	`CorporateSupportServices`	$572.00	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$2.55K	USD	2 Qtrs
Corporate support services	`CorporateSupportServices`	$1.14K	USD	2 Qtrs
Corporate support services	`CorporateSupportServices`	$1.26K	USD	1 Quarter
Mineral option fees	`MineralOptionFees`	-	USD	1 Quarter
Mineral option fees	`MineralOptionFees`	$25.00K	USD	1 Quarter
Mineral option fees	`MineralOptionFees`	$49.99K	USD	2 Qtrs
Mineral option fees	`MineralOptionFees`	-	USD	2 Qtrs
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$-4.24K	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$3.76K	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$6.06K	USD	2 Qtrs
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$8.12K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$23.88K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$19.36K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$39.71K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$8.31K	USD	1 Quarter
Transfer and filing fees	`TransferAndFilingFees`	$3.08K	USD	1 Quarter
Transfer and filing fees	`TransferAndFilingFees`	$22.07K	USD	1 Quarter
Transfer and filing fees	`TransferAndFilingFees`	$19.41K	USD	2 Qtrs
Transfer and filing fees	`TransferAndFilingFees`	$27.05K	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$46.84K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$51.28K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$88.62K	USD	2 Qtrs
Total expenses	`CostsAndExpenses`	$114.36K	USD	2 Qtrs
Operating Loss Before Other Income (Expense)	`OperatingIncomeLoss`	$-88.62K	USD	2 Qtrs
Operating Loss Before Other Income (Expense)	`OperatingIncomeLoss`	$-46.84K	USD	1 Quarter
Operating Loss Before Other Income (Expense)	`OperatingIncomeLoss`	$-114.36K	USD	2 Qtrs
Operating Loss Before Other Income (Expense)	`OperatingIncomeLoss`	$-51.28K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$4.88K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$7.07K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$13.65K	USD	2 Qtrs
Interest, bank and finance charges	`InterestAndDebtExpense`	$9.07K	USD	2 Qtrs
Penalties	`Penalties`	-	USD	1 Quarter
Penalties	`Penalties`	$-20.11K	USD	1 Quarter
Penalties	`Penalties`	-	USD	2 Qtrs
Penalties	`Penalties`	$20.11K	USD	2 Qtrs
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$-9.07K	USD	2 Qtrs
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$13.04K	USD	1 Quarter
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$-33.76K	USD	2 Qtrs
Total Other Income (Expense)	`OtherNonoperatingIncomeExpense`	$-4.88K	USD	1 Quarter
Net Loss For The Period	`NetIncomeLoss`	$-97.69K	USD	2 Qtrs
Net Loss For The Period	`NetIncomeLoss`	$-56.17K	USD	1 Quarter
Net Loss For The Period	`NetIncomeLoss`	$-33.80K	USD	1 Quarter
Net Loss For The Period	`NetIncomeLoss`	$-148.12K	USD	2 Qtrs
Basic And Diluted Loss Per Common Share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Basic And Diluted Loss Per Common Share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic And Diluted Loss Per Common Share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic And Diluted Loss Per Common Share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted Average Number Of Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	47.05M	shares	2 Qtrs
Weighted Average Number Of Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	49.13M	shares	2 Qtrs
Weighted Average Number Of Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	47.58M	shares	1 Quarter
Weighted Average Number Of Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	49.13M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-97.69K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-56.17K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-33.80K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-148.12K	USD	2 Qtrs
Foreign exchange loss (gain)	`ForeignCurrencyTransactionGainLossRealized`	$2.05K	USD	2 Qtrs
Foreign exchange loss (gain)	`ForeignCurrencyTransactionGainLossRealized`	$-1.72K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-13.48K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$48.64K	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	-	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$49.99K	USD	2 Qtrs
Accrued interest payable	`PaymentsToAcquireNotesReceivable`	$-8.77K	USD	2 Qtrs
Accrued interest payable	`PaymentsToAcquireNotesReceivable`	$-13.43K	USD	2 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-34.34K	USD	2 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-104.45K	USD	2 Qtrs
Repayment of loans payable	`RepaymentsOfLongTermDebt`	$10.00K	USD	2 Qtrs
Repayment of loans payable	`RepaymentsOfLongTermDebt`	$4.00K	USD	2 Qtrs
Proceeds from loans payable related party	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$102.61K	USD	2 Qtrs
Proceeds from loans payable related party	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$45.00K	USD	2 Qtrs
Net cash provided by/used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$98.61K	USD	2 Qtrs
Net cash provided by/used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$35.00K	USD	2 Qtrs
Net Increase (Decrease) In Cash	`CashPeriodIncreaseDecrease`	$665.00	USD	2 Qtrs
Net Increase (Decrease) In Cash	`CashPeriodIncreaseDecrease`	$-5.84K	USD	2 Qtrs
Cash, Beginning Of Period	`Cash`	$12.46K	USD	Point-in-time
Cash, Beginning Of Period	`Cash`	$5.37K	USD	Point-in-time
Cash, Beginning Of Period	`Cash`	$13.12K	USD	Point-in-time
Cash, Beginning Of Period	`Cash`	$-473.00	USD	Point-in-time
Cash, End Of Period	`Cash`	$12.46K	USD	Point-in-time
Cash, End Of Period	`Cash`	$5.37K	USD	Point-in-time
Cash, End Of Period	`Cash`	$13.12K	USD	Point-in-time
Cash, End Of Period	`Cash`	$-473.00	USD	Point-in-time
Cash paid during the period for Interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid during the period for Interest	`InterestPaid`	-	USD	2 Qtrs
Cash paid during the period for Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Cash paid during the period for Income taxes	`IncomeTaxesPaid`	-	USD	2 Qtrs
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedParty`	$38.52K	USD	2 Qtrs
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedParty`	$16.47K	USD	2 Qtrs
Common shares issued for debt settlements	`SharesIssuedForDebtSettlement`	-	USD	2 Qtrs
Common shares issued for debt settlements	`SharesIssuedForDebtSettlement`	$53.21K	USD	2 Qtrs

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