10-Q Filing

FINTRADE SHERPA, INC. CIK: 1319643 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001654954-17-007438`
Period End Date	20170630
Filing Date	20170814
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	lsmg-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 40 Income Statement 64 Cash Flow Statement 38

Balance Sheet 40 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
Common stock, Authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Cash	`Cash`	$13.12K	USD	Point-in-time
Cash	`Cash`	$18.06K	USD	Point-in-time
Cash	`Cash`	$5.13K	USD	Point-in-time
Cash	`Cash`	$12.46K	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
Total current assets	`AssetsCurrent`	$18.06K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.13K	USD	Point-in-time
Mineral Property Interest, unproved	`MineralPropertiesNet`	$230.18K	USD	Point-in-time
Mineral Property Interest, unproved	`MineralPropertiesNet`	$230.18K	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
Total Assets	`Assets`	$248.24K	USD	Point-in-time
Total Assets	`Assets`	$235.31K	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
Preferred stock, Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$19.02K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$3.19K	USD	Point-in-time
Due to related parties and accrued interest	`DueToRelatedPartiesCurrent`	$762.12K	USD	Point-in-time
Due to related parties and accrued interest	`DueToRelatedPartiesCurrent`	$929.11K	USD	Point-in-time
Loans payable and accrued interest	`LoansPayableCurrent`	$62.31K	USD	Point-in-time
Loans payable and accrued interest	`LoansPayableCurrent`	$54.94K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$987.24K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$843.44K	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, 2017 and December 31, 2016	`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, 2017 and December 31, 2016	`CommonStockValue`	$1.95K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$1.37M	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`	$-2.11M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-739.00K	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-608.13K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$235.31K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$248.24K	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueNet`	-	USD	2 Qtrs
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Revenue	`SalesRevenueNet`	-	USD	2 Qtrs
Revenue	`SalesRevenueNet`	-	USD	1 Quarter
Consulting services	`TechnologyServicesCosts`	$310.90K	USD	2 Qtrs
Consulting services	`TechnologyServicesCosts`	$11.82K	USD	2 Qtrs
Consulting services	`TechnologyServicesCosts`	$106.10K	USD	1 Quarter
Consulting services	`TechnologyServicesCosts`	$6.12K	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$466.00	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$941.00	USD	2 Qtrs
Corporate support services	`CorporateSupportServices`	$1.14K	USD	2 Qtrs
Corporate support services	`CorporateSupportServices`	$572.00	USD	1 Quarter
Exploration and evaluation	`CostsIncurredExplorationCosts`	-	USD	1 Quarter
Exploration and evaluation	`CostsIncurredExplorationCosts`	-	USD	2 Qtrs
Exploration and evaluation	`CostsIncurredExplorationCosts`	$3.19K	USD	1 Quarter
Exploration and evaluation	`CostsIncurredExplorationCosts`	$3.19K	USD	2 Qtrs
Mineral option fees	`MineralOptionFees`	$25.00K	USD	1 Quarter
Mineral option fees	`MineralOptionFees`	$49.99K	USD	2 Qtrs
Mineral option fees	`MineralOptionFees`	$25.01K	USD	1 Quarter
Mineral option fees	`MineralOptionFees`	$49.99K	USD	2 Qtrs
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$8.12K	USD	2 Qtrs
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$3.80K	USD	2 Qtrs
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$2.90K	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$3.76K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$21.53K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$16.81K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$23.88K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$8.31K	USD	1 Quarter
Transfer and filing fees	`TransferAndFilingFees`	$17.32K	USD	2 Qtrs
Transfer and filing fees	`TransferAndFilingFees`	$19.41K	USD	2 Qtrs
Transfer and filing fees	`TransferAndFilingFees`	$3.08K	USD	1 Quarter
Transfer and filing fees	`TransferAndFilingFees`	$3.01K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$114.36K	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$157.49K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$46.84K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$407.67K	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-46.84K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-114.36K	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-407.67K	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-157.49K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$13.65K	USD	2 Qtrs
Interest, bank and finance charges	`InterestAndDebtExpense`	$7.07K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$11.27K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$22.05K	USD	2 Qtrs
Other income (Penalties)	`Penalties`	-	USD	1 Quarter
Other income (Penalties)	`Penalties`	-	USD	2 Qtrs
Other income (Penalties)	`Penalties`	$-20.11K	USD	1 Quarter
Other income (Penalties)	`Penalties`	$20.11K	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`	$-11.27K	USD	1 Quarter
Total other income (expense)	`OtherNonoperatingIncomeExpense`	$-22.05K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-429.71K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-168.76K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-33.80K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-148.12K	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`	$-0.01	USD	2 Qtrs
Basic And Diluted Loss Per Common Share	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted Average Number Of Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	49.13M	shares	2 Qtrs
Weighted Average Number Of Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	49.13M	shares	2 Qtrs
Weighted Average Number Of Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	49.13M	shares	1 Quarter
Weighted Average Number Of Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	49.13M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-429.71K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-168.76K	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	`ForeignCurrencyTransactionGainLossRealized`	$-1.72K	USD	2 Qtrs
Foreign exchange loss	`ForeignCurrencyTransactionGainLossRealized`	$-938.00	USD	2 Qtrs
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$298.84K	USD	2 Qtrs
Stock issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$26.07K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$48.64K	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$49.99K	USD	2 Qtrs
Due to related party	`IncreaseDecreaseInDueToRelatedParties`	$49.99K	USD	2 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$13.43K	USD	2 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$21.80K	USD	2 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-32.07K	USD	2 Qtrs
Net cash used in Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$-34.34K	USD	2 Qtrs
Repayment of loans payable	`RepaymentsOfLongTermDebt`	$10.00K	USD	2 Qtrs
Repayment of loans payable	`RepaymentsOfLongTermDebt`	$10.00K	USD	2 Qtrs
Proceeds from loans payable related party	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$45.00K	USD	2 Qtrs
Proceeds from loans payable related party	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$55.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$45.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$35.00K	USD	2 Qtrs
Net Increase In Cash	`CashPeriodIncreaseDecrease`	$12.93K	USD	2 Qtrs
Net Increase In Cash	`CashPeriodIncreaseDecrease`	$665.00	USD	2 Qtrs
Cash, Beginning Of Period	`Cash`	$13.12K	USD	Point-in-time
Cash, Beginning Of Period	`Cash`	$18.06K	USD	Point-in-time
Cash, Beginning Of Period	`Cash`	$5.13K	USD	Point-in-time
Cash, Beginning Of Period	`Cash`	$12.46K	USD	Point-in-time
Cash, End Of Period	`Cash`	$13.12K	USD	Point-in-time
Cash, End Of Period	`Cash`	$18.06K	USD	Point-in-time
Cash, End Of Period	`Cash`	$5.13K	USD	Point-in-time
Cash, End Of Period	`Cash`	$12.46K	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`	$41.90K	USD	2 Qtrs
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedParty`	$38.52K	USD	2 Qtrs

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