10-K Filing

FINTRADE SHERPA, INC. CIK: 1319643 FY 2018

Filing Information

Form Type	10-K
Accession Number	`0001654954-19-003460`
Period End Date	20181231
Filing Date	20190327
Fiscal Year	2018
Fiscal Period	FY
XBRL Instance	lsmg-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 36 Income Statement 30 Cash Flow Statement 36 Stockholders Equity 11

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
Cash	`Cash`	$5.13K	USD	Point-in-time
Cash	`Cash`	$6.51K	USD	Point-in-time
Cash	`Cash`	$818.00	USD	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Common stock, Authorized	`CommonStockSharesAuthorized`	480.00M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	49.13M	shares	Point-in-time
Common stock, Issued	`CommonStockSharesIssued`	50.61M	shares	Point-in-time
Prepaid fees	`PrepaidExpenseCurrent`	$3.73K	USD	Point-in-time
Prepaid fees	`PrepaidExpenseCurrent`	$1.98K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.54K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$8.49K	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`	$234.72K	USD	Point-in-time
Total assets	`Assets`	$238.67K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$5.25K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$8.05K	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`	$1.29M	USD	Point-in-time
Loans payable and accrued interest	`LoansPayableCurrent`	$30.27K	USD	Point-in-time
Loans payable and accrued interest	`LoansPayableCurrent`	$47.05K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.32M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.09M	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: 50,605,965 common shares and no preferred shares at December 31, 2018 49,127,285 common shares and no preferred shares at December 31, 2017	`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: 50,605,965 common shares and no preferred shares at December 31, 2018 49,127,285 common shares and no preferred shares at December 31, 2017	`CommonStockValue`	$3.42K	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$1.51M	USD	Point-in-time
Additional Paid-In Capital	`AdditionalPaidInCapitalCommonStock`	$1.62M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-2.70M	USD	Point-in-time
Accumulated Deficit	`RetainedEarningsAccumulatedDeficit`	$-2.37M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-1.08M	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-856.95K	USD	Point-in-time
Total stockholders' deficiency	`StockholdersEquity`	$-608.13K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$238.67K	USD	Point-in-time
Total liabilities and stockholders' deficiency	`LiabilitiesAndStockholdersEquity`	$234.72K	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	-	USD	Annual
Revenue	`Revenues`	-	USD	Annual
Consulting services	`RelatedPartyTransactionAmountsOfTransaction`	$466.71K	USD	Annual
Consulting services	`RelatedPartyTransactionAmountsOfTransaction`	$82.38K	USD	Annual
Corporate support services	`CorporateSupportServices`	$1.90K	USD	Annual
Corporate support services	`CorporateSupportServices`	$1.91K	USD	Annual
Exploration and evaluation	`ExplorationExpense`	-	USD	Annual
Exploration and evaluation	`ExplorationExpense`	$3.19K	USD	Annual
Mineral option fees	`MineralOptionFees`	$100.00K	USD	Annual
Mineral option fees	`MineralOptionFees`	$100.00K	USD	Annual
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$7.59K	USD	Annual
Office, foreign exchange and sundry	`GeneralAndAdministrativeExpense`	$16.95K	USD	Annual
Professional fees	`ProfessionalFees`	$49.35K	USD	Annual
Professional fees	`ProfessionalFees`	$44.88K	USD	Annual
Transfer and filing fees	`TransferAndFilingFees`	$22.86K	USD	Annual
Transfer and filing fees	`TransferAndFilingFees`	$21.72K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$273.43K	USD	Annual
Total operating expenses	`CostsAndExpenses`	$646.01K	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-646.01K	USD	Annual
Operating Loss	`OperatingIncomeLoss`	$-273.43K	USD	Annual
Interest, bank and finance charges	`InterestBankAndFinanceCharges`	$59.17K	USD	Annual
Interest, bank and finance charges	`InterestBankAndFinanceCharges`	$45.62K	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-45.62K	USD	Annual
Total other expense	`OtherNonoperatingIncomeExpense`	$-59.17K	USD	Annual
Net Loss For The Year	`NetIncomeLoss`	$-691.63K	USD	Annual
Net Loss For The Year	`NetIncomeLoss`	$-332.61K	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`	49.24M	shares	Annual
Weighted Average Number Of Common Shares Outstanding - basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	49.13M	shares	Annual

Cash Flow Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net loss for year	`NetIncomeLoss`	$-691.63K	USD	Annual
Net loss for year	`NetIncomeLoss`	$-332.61K	USD	Annual
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-7.00	USD	Annual
Foreign exchange loss	`ForeignCurrencyTransactionGainLossBeforeTax`	$-362.00	USD	Annual
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$57.91K	USD	Annual
Stock options issued for services	`IssuanceOfStockAndWarrantsForServicesOrClaims`	$442.81K	USD	Annual
Prepaid fees	`IncreaseDecreaseInPrepaidExpense`	$3.73K	USD	Annual
Prepaid fees	`IncreaseDecreaseInPrepaidExpense`	$-1.75K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$48.27K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$34.68K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$100.00K	USD	Annual
Due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$100.00K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$58.60K	USD	Annual
Accrued interest payable	`IncreaseDecreaseInInterestPayableNet`	$44.95K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-59.32K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-79.31K	USD	Annual
Repayment of loans payable	`PaymentsForLoans`	$20.00K	USD	Annual
Repayment of loans payable	`PaymentsForLoans`	$20.00K	USD	Annual
Proceeds from loans payable - related party	`ProceedsFromRelatedPartyDebt`	$105.00K	USD	Annual
Proceeds from loans payable - related party	`ProceedsFromRelatedPartyDebt`	$75.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$85.00K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$55.00K	USD	Annual
Net Decrease In Cash	`CashPeriodIncreaseDecrease`	$5.69K	USD	Annual
Net Decrease In Cash	`CashPeriodIncreaseDecrease`	$-4.32K	USD	Annual
Cash, Beginning Of Year	`Cash`	$5.13K	USD	Point-in-time
Cash, Beginning Of Year	`Cash`	$6.51K	USD	Point-in-time
Cash, Beginning Of Year	`Cash`	$818.00	USD	Point-in-time
Cash, End Of Year	`Cash`	$5.13K	USD	Point-in-time
Cash, End Of Year	`Cash`	$6.51K	USD	Point-in-time
Cash, End Of Year	`Cash`	$818.00	USD	Point-in-time
Cash paid during the period for Interest	`InterestPaidNet`	-	USD	Annual
Cash paid during the period for Interest	`InterestPaidNet`	-	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`	$37.47K	USD	Annual
Expenses paid by related party on behalf of the Company	`ExpensesPaidByRelatedPartyOnBehalfOfCompany`	$59.24K	USD	Annual

Stockholders Equity 11 line items

Line Item	Tag	Value	Unit	Period
Beginning Balance, Amount	`StockholdersEquity`	$-1.08M	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-856.95K	USD	Point-in-time
Beginning Balance, Amount	`StockholdersEquity`	$-608.13K	USD	Point-in-time
Stock options issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$442.81K	USD	Annual
Stock options issued for services	`StockIssuedDuringPeriodValueIssuedForServices`	$57.91K	USD	Annual
Shares issued in exchange for debt, Amount	`SharesIssuedInExchangeForDebtAmount`	$48.78K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-691.63K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-332.61K	USD	Annual
Ending Balance, Amount	`StockholdersEquity`	$-1.08M	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-856.95K	USD	Point-in-time
Ending Balance, Amount	`StockholdersEquity`	$-608.13K	USD	Point-in-time

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