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

Company: FinTrade Sherpa, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 10
---
 120,725  
     83%

The
increase in accounts payable is due to professional expenses incurred for accounting and legal fees offset with lower related parties
payable due to the conversion of debt to shares.

Liquidity
and Capital Resources

At
March 31, 2025, our total assets were $800 and our total liabilities were $152,769. Our working capital deficiency at March 31, 2025,
and December 31, 2024, and the changes between those dates were as follows:

    Increase/(Decrease) 

    March 31, 2025  
    December 31, 2024  
    Amount  
    Percentage 

    $  
    $  
    $  

    Current Assets 
     800  
     1,175  
     (375) 
     -32%
  
    Current Liabilities 
     152,769  
     169,677  
     (16,908) 
     -10%
  
    Working Capital Deficiency 
     (151,969) 
     (168,502) 
     16,533  
     -10%

The
decrease in our working capital deficiency from December 31, 2024, to March 31, 2025, was due to cash outflow from operating activities. 

    Cash Flows 

    Three Months Ended March 31  
    Increase/(Decrease) 

    2025  
    2024  
    Amount  
    Percentage 

    $  
    $  
    $  

    Cash Flows Provided by (Used In): 

    Operating Activities 
     (49,295) 
     (4,202) 
     (45,093) 
     1073%
  
    Financing Activities 
     48,920  
     3,626  
     45,294  
     1249%
  
    Net Increase (Decrease) in Cash 
     (375) 
     (576) 
     201  
     -35%

We
have yet to generate any revenues from our business operation and our ability to generate adequate amounts of cash to meet our needs
is entirely dependent on the issuance of shares or loans, which have been our principal sources of working capital so far. For the foreseeable
future, we