Company: FTSP
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001199835-25-000267
Chunk: 25

Company: FinTrade Sherpa, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 8
Chunk 25
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 due to the conversion of debt to shares.

Liquidity
and Capital Resources

At
June 30, 2025, our total assets were $1,932 and our total liabilities were $171,339. Our working capital deficiency at June 30, 2025,
and December 31, 2024, and the changes between those dates were as follows:

    Increase/(Decrease) 

    June 30, 2025  
    December 31, 2024  
    Amount  
    Percentage 

    $  
    $  
    $  

    Current Assets 
     1,932  
     1,175  
     757  
     64%
  
    Current Liabilities 
     171,339  
     169,677  
     1,662  
     1%
  
    Working Capital Deficiency 
     (169,407) 
     (168,502) 
     (905) 
     1%

The
decrease in our working capital deficiency from December 31, 2024, to June 30, 2025, was due to cash outflow from operating activities. 

    Six Months Ended June 30  
    Increase/(Decrease) 

    2025  
    2024  
    Amount  
    Percentage 

    $  
    $  
    $  

    Cash Flows Provided by (Used In): 

    Operating Activities 
     (73,561) 
     (36,790) 
     (36,771) 
     100%
  
    Financing Activities 
     74,318  
     38,224  
     36,094  
     94%
  
    Net Increase (Decrease) in Cash 
     757  
     1,434  
     (677) 
     -47%

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 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