10-Q Filing

FINTRADE SHERPA, INC. CIK: 1319643 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001654954-17-010540`
Period End Date	20170930
Filing Date	20171114
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	lsmg-20170930.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
Cash	`Cash`	$5.13K	USD	Point-in-time
Cash	`Cash`	$2.17K	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`	$12.46K	USD	Point-in-time
Cash	`Cash`	$10.02K	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	49.13M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.17K	USD	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	49.13M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$5.13K	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	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
Mineral Property Interest, unproved	`MineralPropertiesNet`	$230.18K	USD	Point-in-time
Total Assets	`Assets`	$232.34K	USD	Point-in-time
Preferred stock, Authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, Authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Total Assets	`Assets`	$235.31K	USD	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`	$1.49K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$19.02K	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`	$977.82K	USD	Point-in-time
Loans payable and accrued interest	`LoansPayableCurrent`	$51.10K	USD	Point-in-time
Loans payable and accrued interest	`LoansPayableCurrent`	$62.31K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.03M	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 September 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 September 30, 2017 and December 31, 2016	`CommonStockValue`	$1.95K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$1.46M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$1.07M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-2.26M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-1.68M	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-798.07K	USD	Point-in-time
Stockholders' deficit	`StockholdersEquity`	$-608.13K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$232.34K	USD	Point-in-time
Total liabilities and stockholders' deficit	`LiabilitiesAndStockholdersEquity`	$235.31K	USD	Point-in-time

Income Statement 64 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`	$100.66K	USD	1 Quarter
Consulting services	`TechnologyServicesCosts`	$411.56K	USD	3 Qtrs
Consulting services	`TechnologyServicesCosts`	$18.66K	USD	3 Qtrs
Corporate support services	`CorporateSupportServices`	$1.44K	USD	3 Qtrs
Corporate support services	`CorporateSupportServices`	$482.00	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$1.62K	USD	3 Qtrs
Corporate support services	`CorporateSupportServices`	$499.00	USD	1 Quarter
Exploration and evaluation	`CostsIncurredExplorationCosts`	$3.19K	USD	3 Qtrs
Exploration and evaluation	`CostsIncurredExplorationCosts`	-	USD	1 Quarter
Exploration and evaluation	`CostsIncurredExplorationCosts`	-	USD	3 Qtrs
Exploration and evaluation	`CostsIncurredExplorationCosts`	-	USD	1 Quarter
Mineral option fees	`MineralOptionFees`	$25.00K	USD	1 Quarter
Mineral option fees	`MineralOptionFees`	$25.01K	USD	1 Quarter
Mineral option fees	`MineralOptionFees`	$74.99K	USD	3 Qtrs
Mineral option fees	`MineralOptionFees`	$75.00K	USD	3 Qtrs
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$3.79K	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$1.80K	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$11.90K	USD	3 Qtrs
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$5.60K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$12.32K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$36.08K	USD	3 Qtrs
Professional fees	`ProfessionalFees`	$12.21K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$33.84K	USD	3 Qtrs
Transfer and filing fees	`TransferAndFilingFees`	$19.23K	USD	3 Qtrs
Transfer and filing fees	`TransferAndFilingFees`	$1.91K	USD	1 Quarter
Transfer and filing fees	`TransferAndFilingFees`	$24.48K	USD	3 Qtrs
Transfer and filing fees	`TransferAndFilingFees`	$5.07K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$167.74K	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$549.86K	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$53.38K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$142.19K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-167.74K	USD	3 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-53.38K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-549.86K	USD	3 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-142.19K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$11.60K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$21.02K	USD	3 Qtrs
Interest, bank and finance charges	`InterestAndDebtExpense`	$7.37K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$33.65K	USD	3 Qtrs
Penalties	`Penalties`	-	USD	3 Qtrs
Penalties	`Penalties`	-	USD	1 Quarter
Penalties	`Penalties`	$20.11K	USD	3 Qtrs
Penalties	`Penalties`	-	USD	1 Quarter
Total other expenses	`OtherNonoperatingIncomeExpense`	$-41.14K	USD	3 Qtrs
Total other expenses	`OtherNonoperatingIncomeExpense`	$-11.60K	USD	1 Quarter
Total other expenses	`OtherNonoperatingIncomeExpense`	$-33.65K	USD	3 Qtrs
Total other expenses	`OtherNonoperatingIncomeExpense`	$-7.37K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-60.76K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-208.88K	USD	3 Qtrs
Net Loss	`NetIncomeLoss`	$-153.79K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-583.51K	USD	3 Qtrs
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	1 Quarter
Basic And Diluted Loss Per Common Share	`EarningsPerShareBasicAndDiluted`	$-0.01	USD	3 Qtrs
Weighted Average Number Of Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	49.13M	shares	3 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	3 Qtrs
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`	$-60.76K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-208.88K	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-153.79K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-583.51K	USD	3 Qtrs
Foreign exchange loss	`ForeignCurrencyTransactionGainLossRealized`	$-2.10K	USD	3 Qtrs
Foreign exchange loss	`ForeignCurrencyTransactionGainLossRealized`	$-1.49K	USD	3 Qtrs
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	-	USD	3 Qtrs
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$393.56K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$36.47K	USD	3 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$64.33K	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$75.00K	USD	3 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$74.99K	USD	3 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$20.64K	USD	3 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$33.41K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-42.97K	USD	3 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-47.44K	USD	3 Qtrs
Repayment of loans payable	`RepaymentsOfLongTermDebt`	$15.00K	USD	3 Qtrs
Repayment of loans payable	`RepaymentsOfLongTermDebt`	$15.00K	USD	3 Qtrs
Proceeds from loans payable related party	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$55.00K	USD	3 Qtrs
Proceeds from loans payable related party	`ProceedsFromCollectionOfLongtermLoansToRelatedParties`	$60.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$40.00K	USD	3 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$45.00K	USD	3 Qtrs
Net Decrease In Cash	`CashPeriodIncreaseDecrease`	$-2.97K	USD	3 Qtrs
Net Decrease In Cash	`CashPeriodIncreaseDecrease`	$-2.44K	USD	3 Qtrs
Cash, Beginning Of Period	`Cash`	$5.13K	USD	Point-in-time
Cash, Beginning Of Period	`Cash`	$2.17K	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`	$5.13K	USD	Point-in-time
Cash, End Of Period	`Cash`	$2.17K	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	`InterestPaidNet`	-	USD	3 Qtrs
Cash paid during the period for Interest	`InterestPaidNet`	-	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`	$53.99K	USD	3 Qtrs
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedParty`	$53.17K	USD	3 Qtrs

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