Company: FTSP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001199835-25-000144
Chunk: 11

Company: FinTrade Sherpa, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 11
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 will have to continue to rely on those sources for funding. We have no assurance that we can successfully engage in any further
private sales of our securities or that we can obtain any additional loans.

    ITEM
    3.
     QUANTITATIVE
    AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK.

We
are a smaller reporting company as defined by Rule 12b-2 of the Securities Exchange Act of 1934 and are not required to provide the information
under this item.

12

    ITEM
    4.
     CONTROLS
    AND PROCEDURES. 

Evaluation
of Disclosure Controls and Procedures

We
conducted an evaluation under the supervision and with the participation of our management, including our Chief Executive Officer and
Chief Financial Officer, of the effectiveness of the design and operation of our disclosure controls and procedures. The term “disclosure
controls and procedures,” as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act, means controls and other procedures
of a company that are designed to ensure that information required to be disclosed by the company in the reports it files or submits
under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange
Commission’s rules and forms. Disclosure controls and procedures also include, without limitation, controls and procedures designed
to ensure that information required to be disclosed by a company in the reports that it files or submits under the Exchange Act is accumulated
and communicated to the company’s management, including its principal executive and principal financial officers, or persons performing
similar functions, as appropriate to allow timely decisions regarding required disclosure. Based on this evaluation, our Chief Executive
Officer concluded that, as of March 31, 2025, our disclosure controls and procedures were not effective, due to the size and nature of
the existing business operation. Given the size of our current operation and existing personnel, the opportunity to implement disclosure
control procedures is limited. Until the organization can increase sufficiently in size to warrant an increase in personnel required
to effectively execute and monitor formal disclosure control procedures, those formal procedures will not be implemented. Given the current
size of the organization, there are not significant levels of supervision, review, independent directors or a formal audit committee.

Changes
in Internal Control over Financial Reporting

There
were no changes in our internal control over financial reporting during the quarter ended March 31, 2025 that have materially affected