10-Q Filing

FINTRADE SHERPA, INC. CIK: 1319643 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001654954-16-003756`
Period End Date	20160930
Filing Date	20161110
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	lsmg-20160930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 44 Income Statement 60 Cash Flow Statement 39

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`	$11.00K	USD	Point-in-time
Cash	`Cash`	$5.37K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Cash	`Cash`	$12.46K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Cash	`Cash`	$10.02K	USD	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
Common stock, Issued	`CommonStockSharesIssued`	49.13M	shares	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.67K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$13.24K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, Authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Mineral Property Interest	`MineralPropertiesNet`	$230.18K	USD	Point-in-time
Preferred stock, Authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Mineral Property Interest	`MineralPropertiesNet`	$230.18K	USD	Point-in-time
Preferred stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Total Assets	`Assets`	$243.42K	USD	Point-in-time
Total Assets	`Assets`	$245.85K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$25.46K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$14.30K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$495.38K	USD	Point-in-time
Due to related parties	`DueToRelatedPartiesCurrent`	$700.76K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$76.18K	USD	Point-in-time
Loans payable	`LoansPayableCurrent`	$66.09K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$585.87K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$792.31K	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 September 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 September 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`	$-1.62M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.41M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-340.01K	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-548.89K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$243.42K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$245.85K	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Revenue	`SalesRevenueNet`	-	USD	3 Qtrs
Revenue	`SalesRevenueNet`	-	USD	3 Qtrs
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Consulting services	`TechnologyServicesCosts`	$6.83K	USD	1 Quarter
Consulting services	`TechnologyServicesCosts`	$19.36K	USD	3 Qtrs
Consulting services	`TechnologyServicesCosts`	$6.10K	USD	1 Quarter
Consulting services	`TechnologyServicesCosts`	$18.66K	USD	3 Qtrs
Corporate support services	`CorporateSupportServices`	$1.14K	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$482.00	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$3.69K	USD	3 Qtrs
Corporate support services	`CorporateSupportServices`	$1.62K	USD	3 Qtrs
Mineral option fees	`MineralOptionFees`	-	USD	3 Qtrs
Mineral option fees	`MineralOptionFees`	-	USD	1 Quarter
Mineral option fees	`MineralOptionFees`	$74.99K	USD	3 Qtrs
Mineral option fees	`MineralOptionFees`	$25.00K	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$3.79K	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$-2.31K	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$11.90K	USD	3 Qtrs
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$3.76K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$10.59K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$12.21K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$50.30K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$36.08K	USD	3 Qtrs
Transfer and filing fees	`TransferAndFilingFees`	$29.52K	USD	3 Qtrs
Transfer and filing fees	`TransferAndFilingFees`	$5.07K	USD	1 Quarter
Transfer and filing fees	`TransferAndFilingFees`	$2.47K	USD	1 Quarter
Transfer and filing fees	`TransferAndFilingFees`	$24.48K	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$18.00K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$53.38K	USD	1 Quarter
Total expenses	`CostsAndExpenses`	$106.62K	USD	3 Qtrs
Total expenses	`CostsAndExpenses`	$167.74K	USD	3 Qtrs
Operating Loss Before Other Income (Expense)	`OperatingIncomeLoss`	$-106.62K	USD	3 Qtrs
Operating Loss Before Other Income (Expense)	`OperatingIncomeLoss`	$-167.74K	USD	3 Qtrs
Operating Loss Before Other Income (Expense)	`OperatingIncomeLoss`	$-18.00K	USD	1 Quarter
Operating Loss Before Other Income (Expense)	`OperatingIncomeLoss`	$-53.38K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$21.02K	USD	3 Qtrs
Interest, bank and finance charges	`InterestAndDebtExpense`	$5.54K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$14.61K	USD	3 Qtrs
Interest, bank and finance charges	`InterestAndDebtExpense`	$7.37K	USD	1 Quarter
Penalties	`Penalties`	-	USD	3 Qtrs
Penalties	`Penalties`	-	USD	1 Quarter
Penalties	`Penalties`	-	USD	1 Quarter
Penalties	`Penalties`	$20.11K	USD	3 Qtrs
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-41.14K	USD	3 Qtrs
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-14.61K	USD	3 Qtrs
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-5.54K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-7.37K	USD	1 Quarter
Net Loss For The Period	`NetIncomeLoss`	$-23.54K	USD	1 Quarter
Net Loss For The Period	`NetIncomeLoss`	$-121.24K	USD	3 Qtrs
Net Loss For The Period	`NetIncomeLoss`	$-208.88K	USD	3 Qtrs
Net Loss For The Period	`NetIncomeLoss`	$-60.76K	USD	1 Quarter
Basic And Diluted Loss Per Common Share	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic And Diluted Loss Per Common Share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Basic And Diluted Loss Per Common Share	`EarningsPerShareBasicAndDiluted`	-	USD	3 Qtrs
Basic And Diluted Loss Per Common Share	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Weighted Average Number Of Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	47.66M	shares	1 Quarter
Weighted Average Number Of Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	49.13M	shares	1 Quarter
Weighted Average Number Of Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	49.13M	shares	3 Qtrs
Weighted Average Number Of Common Shares Outstanding	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	47.25M	shares	3 Qtrs

Cash Flow Statement 39 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-23.54K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-121.24K	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-208.88K	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-60.76K	USD	1 Quarter
Foreign exchange loss (gain)	`ForeignCurrencyTransactionGainLossRealized`	$3.92K	USD	3 Qtrs
Foreign exchange loss (gain)	`ForeignCurrencyTransactionGainLossRealized`	$-1.49K	USD	3 Qtrs
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$2.29K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$64.33K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-19.46K	USD	3 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$74.99K	USD	3 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	-	USD	3 Qtrs
Accrued interest payable	`PaymentsToAcquireNotesReceivable`	$-14.10K	USD	3 Qtrs
Accrued interest payable	`PaymentsToAcquireNotesReceivable`	$-20.64K	USD	3 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-47.44K	USD	3 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-132.80K	USD	3 Qtrs
Repayment of loans payable	`RepaymentsOfLongTermDebt`	$15.00K	USD	3 Qtrs
Repayment of loans payable	`RepaymentsOfLongTermDebt`	$4.00K	USD	3 Qtrs
Proceeds from loans payable related party	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$142.43K	USD	3 Qtrs
Proceeds from loans payable related party	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$60.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$138.43K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$45.00K	USD	3 Qtrs
Net Increase (Decrease) In Cash	`CashPeriodIncreaseDecrease`	$-2.44K	USD	3 Qtrs
Net Increase (Decrease) In Cash	`CashPeriodIncreaseDecrease`	$5.63K	USD	3 Qtrs
Cash, Beginning Of Period	`Cash`	$11.00K	USD	Point-in-time
Cash, Beginning Of Period	`Cash`	$5.37K	USD	Point-in-time
Cash, Beginning Of Period	`Cash`	$12.46K	USD	Point-in-time
Cash, Beginning Of Period	`Cash`	$10.02K	USD	Point-in-time
Cash, End Of Period	`Cash`	$11.00K	USD	Point-in-time
Cash, End Of Period	`Cash`	$5.37K	USD	Point-in-time
Cash, End Of Period	`Cash`	$12.46K	USD	Point-in-time
Cash, End Of Period	`Cash`	$10.02K	USD	Point-in-time
Cash paid during the period for Interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid during the period for Interest	`InterestPaid`	-	USD	3 Qtrs
Cash paid during the period for Income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Cash paid during the period for Income taxes	`IncomeTaxesPaid`	-	USD	3 Qtrs
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedParty`	$18.39K	USD	3 Qtrs
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedParty`	$53.17K	USD	3 Qtrs
Common shares issued for debt settlements	`SharesIssuedForDebtSettlement`	-	USD	3 Qtrs
Common shares issued for debt settlements	`SharesIssuedForDebtSettlement`	$53.21K	USD	3 Qtrs

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