Company: FTSP
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001199835-25-000044
Chunk: 19

Company: FinTrade Sherpa, Inc.
Filing Date: 2025-02-14
Form: 8-K
Item: Item 2.01
Chunk 19
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 or arise.

Management’s
Discussion and Analysis of Financial Condition and Results of Operations

For
the Fiscal Year ended December 31, 2023

Funding

All
of our ongoing operations, since October 4, 2014, and prior to Closing, have been funded by monies advanced to us by LSG, our largest
shareholder, and one other related party, LSG’s primary shareholder. Given the termination of our Mineral Property Option Agreement
with LSG, we do not anticipate that those two related party sources will continue to provide any significant future funding.

We
do not currently have enough funds to carry out our entire plan of operations, so we intend to meet the balance of our cash requirements
for the next 12 months through a combination of debt financing and equity financing through public offerings or private placements. There
is no assurance that we will be successful in completing any such financings.

If
we are unsuccessful in obtaining sufficient funds through our capital raising efforts, we may review other financing options, although
we cannot provide any assurance that any such options will be available to us or on terms reasonably acceptable to us. Further, if we
are unable to secure any additional financing then we may reduce the amount that we spend on our operations, including further development
of FinTradeSherpa, so as not to exceed the capital resources available to us. Regardless, we do not expect that our current cash reserves
and working capital will be sufficient for us to sustain our business for the next 12 months, even if we decide to scale back our operations.

Going
Concern

Our
auditors have issued a going concern opinion. This means that there is substantial doubt that we can continue as an on-going business
for the next 12 months unless we obtain additional capital to pay our expenses. This is because we have not generated any revenues
to date, and we cannot currently estimate the timing of any possible future revenues. Our only source for cash currently is loans or
investments by others in our Common Stock.

Results
of Operations

The
following comments on our results of operations should be read in conjunction with our audited financial statements for the year ended
December 31, 2023, which are incorporated herein by reference to our Annual Report on Form 10-K for the fiscal year ended December 31,
2023. See the “ Cautionary Note Regarding Forward Looking Statements” above for a discussion of forward-looking statements
and the significance of such statements in the context of this report