10-Q Filing

FINTRADE SHERPA, INC. CIK: 1319643 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001654954-18-008764`
Period End Date	20180630
Filing Date	20180809
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	lsmg-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 36 Income Statement 56 Cash Flow Statement 40

Balance Sheet 36 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
Common stock, Authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Cash	`Cash`	$5.13K	USD	Point-in-time
Cash	`Cash`	$818.00	USD	Point-in-time
Cash	`Cash`	$18.06K	USD	Point-in-time
Cash	`Cash`	$914.00	USD	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`	$3.02K	USD	Point-in-time
Prepaid fees	`PrepaidExpenseCurrent`	$3.73K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$3.94K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.54K	USD	Point-in-time
Mineral Property Interest, unproven	`MineralPropertiesNet`	$230.18K	USD	Point-in-time
Mineral Property Interest, unproven	`MineralPropertiesNet`	$230.18K	USD	Point-in-time
Total Assets	`Assets`	$234.72K	USD	Point-in-time
Total Assets	`Assets`	$234.12K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.05K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$7.65K	USD	Point-in-time
Due to related parties and accrued interest	`DueToRelatedPartiesCurrent`	$1.04M	USD	Point-in-time
Due to related parties and accrued interest	`DueToRelatedPartiesCurrent`	$1.20M	USD	Point-in-time
Loans payable and accrued interest	`LoansPayableCurrent`	$47.05K	USD	Point-in-time
Loans payable and accrued interest	`LoansPayableCurrent`	$38.90K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.09M	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, 2018 and December 31, 2017	`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, 2018 and December 31, 2017	`CommonStockValue`	$1.95K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$1.56M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$1.51M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-2.57M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-2.37M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-1.01M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-856.95K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$234.72K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$234.12K	USD	Point-in-time

Income Statement 56 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Revenue	`Revenues`	-	USD	2 Qtrs
Revenue	`Revenues`	-	USD	1 Quarter
Consulting services	`ConsultingServices`	$106.10K	USD	1 Quarter
Consulting services	`ConsultingServices`	$23.30K	USD	1 Quarter
Consulting services	`ConsultingServices`	$60.42K	USD	2 Qtrs
Consulting services	`ConsultingServices`	$310.90K	USD	2 Qtrs
Corporate support services	`CorporateSupportServices`	$941.00	USD	2 Qtrs
Corporate support services	`CorporateSupportServices`	$963.00	USD	2 Qtrs
Corporate support services	`CorporateSupportServices`	$466.00	USD	1 Quarter
Corporate support services	`CorporateSupportServices`	$463.00	USD	1 Quarter
Exploration and evaluation	`CostsIncurredExplorationCosts`	$3.19K	USD	2 Qtrs
Exploration and evaluation	`CostsIncurredExplorationCosts`	$3.19K	USD	1 Quarter
Exploration and evaluation	`CostsIncurredExplorationCosts`	-	USD	1 Quarter
Exploration and evaluation	`CostsIncurredExplorationCosts`	-	USD	2 Qtrs
Mineral option fees	`MineralOptionFees`	$25.01K	USD	1 Quarter
Mineral option fees	`MineralOptionFees`	$49.99K	USD	2 Qtrs
Mineral option fees	`MineralOptionFees`	$49.99K	USD	2 Qtrs
Mineral option fees	`MineralOptionFees`	$25.01K	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$6.92K	USD	1 Quarter
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$11.20K	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
Professional fees	`ProfessionalFees`	$21.53K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$7.36K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$16.81K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$29.59K	USD	2 Qtrs
Transfer and filing fees	`TransferAndFilingFees`	$17.32K	USD	2 Qtrs
Transfer and filing fees	`TransferAndFilingFees`	$3.01K	USD	1 Quarter
Transfer and filing fees	`TransferAndFilingFees`	$2.09K	USD	1 Quarter
Transfer and filing fees	`TransferAndFilingFees`	$18.53K	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$407.67K	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$157.49K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$65.14K	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$170.69K	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-65.14K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-170.69K	USD	2 Qtrs
Operating Loss	`OperatingIncomeLoss`	$-157.49K	USD	1 Quarter
Operating Loss	`OperatingIncomeLoss`	$-407.67K	USD	2 Qtrs
Interest, bank and finance charges	`InterestAndDebtExpense`	$11.27K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$14.46K	USD	1 Quarter
Interest, bank and finance charges	`InterestAndDebtExpense`	$28.46K	USD	2 Qtrs
Interest, bank and finance charges	`InterestAndDebtExpense`	$22.05K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-168.76K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-79.61K	USD	1 Quarter
Net Loss	`NetIncomeLoss`	$-199.15K	USD	2 Qtrs
Net Loss	`NetIncomeLoss`	$-429.71K	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	1 Quarter
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	2 Qtrs
Weighted Average Number Of Common Shares Outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	49.13M	shares	2 Qtrs

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss for the period	`NetIncomeLoss`	$-168.76K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-79.61K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-199.15K	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	$-429.71K	USD	2 Qtrs
Foreign exchange loss	`ForeignCurrencyTransactionGainLossRealized`	$-558.00	USD	2 Qtrs
Foreign exchange loss	`ForeignCurrencyTransactionGainLossRealized`	$-938.00	USD	2 Qtrs
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$298.84K	USD	2 Qtrs
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$48.02K	USD	2 Qtrs
Prepaid fees	`IncreaseDecreaseInPrepaidExpense`	$703.00	USD	2 Qtrs
Prepaid fees	`IncreaseDecreaseInPrepaidExpense`	-	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$26.07K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$26.87K	USD	2 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$49.99K	USD	2 Qtrs
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$49.99K	USD	2 Qtrs
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$28.10K	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`	$-44.90K	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`	$55.00K	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`	$45.00K	USD	2 Qtrs
Net Increase In Cash	`CashPeriodIncreaseDecrease`	$12.93K	USD	2 Qtrs
Net Increase In Cash	`CashPeriodIncreaseDecrease`	$96.00	USD	2 Qtrs
Cash, Beginning Of Period	`Cash`	$5.13K	USD	Point-in-time
Cash, Beginning Of Period	`Cash`	$818.00	USD	Point-in-time
Cash, Beginning Of Period	`Cash`	$18.06K	USD	Point-in-time
Cash, Beginning Of Period	`Cash`	$914.00	USD	Point-in-time
Cash, End Of Period	`Cash`	$5.13K	USD	Point-in-time
Cash, End Of Period	`Cash`	$818.00	USD	Point-in-time
Cash, End Of Period	`Cash`	$18.06K	USD	Point-in-time
Cash, End Of Period	`Cash`	$914.00	USD	Point-in-time
Cash paid during the period for Interest	`InterestPaidNet`	-	USD	2 Qtrs
Cash paid during the period for Interest	`InterestPaidNet`	-	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`	$27.27K	USD	2 Qtrs
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedParty`	$41.90K	USD	2 Qtrs

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