10-K Filing

FINTRADE SHERPA, INC. CIK: 1319643 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001654954-17-002762`
Period End Date	20161231
Filing Date	20170330
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	lsmg-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 37 Income Statement 30 Cash Flow Statement 42 Stockholders Equity 11

Balance Sheet 37 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
Cash	`Cash`	$5.13K	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	49.13M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	49.13M	shares	Point-in-time
Prepaid fees	`PrepaidExpenseCurrent`	$3.22K	USD	Point-in-time
Prepaid fees	`PrepaidExpenseCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.13K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$15.67K	USD	Point-in-time
Mineral Property Interest, unproved	`MineralPropertyInterest`	$230.18K	USD	Point-in-time
Mineral Property Interest, unproved	`MineralPropertyInterest`	$230.18K	USD	Point-in-time
Total assets	`Assets`	$235.31K	USD	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`	$19.02K	USD	Point-in-time
Due to related parties and accrued interest	`DueToRelatedPartiesCurrent`	$495.38K	USD	Point-in-time
Due to related parties and accrued interest	`DueToRelatedPartiesCurrent`	$762.12K	USD	Point-in-time
Loans payable and accrued interest	`LoansPayableCurrent`	$76.18K	USD	Point-in-time
Loans payable and accrued interest	`LoansPayableCurrent`	$62.31K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$585.87K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$843.44K	USD	Point-in-time
Commitments and contingencies (Notes 3, 7 and 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Capital Stock 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 December 31, 2016 and 2015	`CommonStockValue`	$1.95K	USD	Point-in-time
Capital Stock 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 December 31, 2016 and 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`	$-1.68M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.41M	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-608.13K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-78.02K	USD	Point-in-time
Total stockholders deficiency	`StockholdersEquity`	$-340.01K	USD	Point-in-time
Total liabilities and stockholders deficiency	`LiabilitiesAndStockholdersEquity`	$235.31K	USD	Point-in-time
Total liabilities and stockholders deficiency	`LiabilitiesAndStockholdersEquity`	$245.85K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	-	USD	Annual
Revenue	`SalesRevenueNet`	-	USD	Annual
Consulting services	`RelatedPartyTransactionAmountsOfTransaction`	$121.41K	USD	Annual
Consulting services	`RelatedPartyTransactionAmountsOfTransaction`	$25.78K	USD	Annual
Corporate support services	`CorporateSupportServices`	$2.10K	USD	Annual
Corporate support services	`CorporateSupportServices`	$12.76K	USD	Annual
Mineral option fees	`MineralOptionFees`	$100.00K	USD	Annual
Mineral option fees	`MineralOptionFees`	$123.91K	USD	Annual
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$11.78K	USD	Annual
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$10.14K	USD	Annual
Professional fees	`ProfessionalFees`	$67.18K	USD	Annual
Professional fees	`ProfessionalFees`	$94.78K	USD	Annual
Transfer and filing fees	`TransferAndFilingFees`	$27.80K	USD	Annual
Transfer and filing fees	`TransferAndFilingFees`	$27.54K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$390.80K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$234.38K	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-390.80K	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-234.38K	USD	Annual
Penalties	`Penalties`	$5.11K	USD	Annual
Penalties	`Penalties`	-	USD	Annual
Interest, bank and finance charges	`InterestBankAndFinanceCharges`	$-28.63K	USD	Annual
Interest, bank and finance charges	`InterestBankAndFinanceCharges`	$-20.52K	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-33.74K	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-20.52K	USD	Annual
Net Loss For The Year	`NetIncomeLoss`	$-268.12K	USD	Annual
Net Loss For The Year	`NetIncomeLoss`	$-411.32K	USD	Annual
Basic And Diluted Net Loss Per Common Share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Basic And Diluted Net Loss Per Common Share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	Annual
Weighted Average Number Of Common Shares Outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	49.13M	shares	Annual
Weighted Average Number Of Common Shares Outstanding basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	47.44M	shares	Annual

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net loss for year	`NetIncomeLoss`	$-268.12K	USD	Annual
Net loss for year	`NetIncomeLoss`	$-411.32K	USD	Annual
Foreign exchange (gain)	`ForeignCurrencyTransactionGainLossBeforeTax`	$4.79K	USD	Annual
Foreign exchange (gain)	`ForeignCurrencyTransactionGainLossBeforeTax`	$-830.00	USD	Annual
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	Annual
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$29.40K	USD	Annual
Warrants issued for services	`WarrantsIssuedForServices`	-	USD	Annual
Warrants issued for services	`WarrantsIssuedForServices`	$66.72K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$-3.22K	USD	Annual
Prepaid expenses	`IncreaseDecreaseInPrepaidExpense`	$3.22K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$33.19K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$73.70K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$100.00K	USD	Annual
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$123.91K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$28.04K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$19.79K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-146.32K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-62.32K	USD	Annual
Repayment of loans payable	`PaymentsForLoans`	$14.00K	USD	Annual
Repayment of loans payable	`PaymentsForLoans`	$20.00K	USD	Annual
Repayment of loans payable - related party	`RepaymentsOfRelatedPartyDebt`	$5.00K	USD	Annual
Repayment of loans payable - related party	`RepaymentsOfRelatedPartyDebt`	-	USD	Annual
Proceeds from loans payable - related party	`ProceedsFromRelatedPartyDebt`	$75.00K	USD	Annual
Proceeds from loans payable - related party	`ProceedsFromRelatedPartyDebt`	$172.40K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$55.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$153.40K	USD	Annual
Net (Decrease) Increase In Cash	`CashPeriodIncreaseDecrease`	$-7.32K	USD	Annual
Net (Decrease) Increase In Cash	`CashPeriodIncreaseDecrease`	$7.08K	USD	Annual
Cash, Beginning Of Year	`Cash`	$12.46K	USD	Point-in-time
Cash, Beginning Of Year	`Cash`	$5.37K	USD	Point-in-time
Cash, Beginning Of Year	`Cash`	$5.13K	USD	Point-in-time
Cash, End Of Year	`Cash`	$12.46K	USD	Point-in-time
Cash, End Of Year	`Cash`	$5.37K	USD	Point-in-time
Cash, End Of Year	`Cash`	$5.13K	USD	Point-in-time
Cash paid during the period for Interest	`InterestPaid`	-	USD	Annual
Cash paid during the period for Interest	`InterestPaid`	-	USD	Annual
Cash paid during the period for Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Cash paid during the period for Income taxes	`IncomeTaxesPaid`	-	USD	Annual
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedPartyOnBehalfOfCompany`	$57.29K	USD	Annual
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedPartyOnBehalfOfCompany`	$68.99K	USD	Annual
Common shares issued for debt settlements	`CommonSharesIssuedForDebtSettlement`	-	USD	Annual
Common shares issued for debt settlements	`CommonSharesIssuedForDebtSettlement`	$53.21K	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$-608.13K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-78.02K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-340.01K	USD	Point-in-time
Shares issued for debt, Amount	`SharesIssuedForDebtSettlement`	$53.21K	USD	Annual
Shares issued for consulting services, Amount	`SharesIssuedForConsultingServicesAmount`	$29.40K	USD	Annual
Warrants issued for consulting services	`WarrantsIssuedForConsultingServices`	$66.72K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-268.12K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-411.32K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$-608.13K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-78.02K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-340.01K	USD	Point-in-time

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