Company: FTSP
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001199835-25-000044
Chunk: 22

Company: FinTrade Sherpa, Inc.
Filing Date: 2025-02-14
Form: 8-K
Item: Item 2.01
Chunk 22
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2023                  Amount                        
                                   $                                          $                     $                             
  Consulting                                                       1,386                     -                   1,386      -100  
  Corporate                                                        2,068                 1,376                     692        50  
  Office,                                                          3,014                 2,480                     534        22  
  Professional                                                    21,523                27,901                  (6,378       -23  
  Transfer                                                         6,561                 8,690                  (2,129       -24  

The
decrease in expenses in the nine months ended September 30, 2024 is related to a decrease in office expenses from foreign exchange calculation,
lower professional expenses for accounting and filing fees offset by an increase in corporate support and services.

Balance
Sheets at September 30, 2024 and December 31, 2023

Items
with notable period-end differences are as follows:

                                                                                                     Change                       
                                               September                   December                  Amount                       
                                               30, 2024                    31, 2023                                               
                                               $                           $                         $                            
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cash                                                          3,575                     2,474                   1,101       45  
  Accounts                                                      5,518                    14,689                  (9,171      -62  
  Due                                                         122,059                    77,235                  44,824       58  

The
decrease in accrued liabilities is due to the audit fees accrual for 2023 at December 31, 2023. The increase in due to related party
is due to the additional funding provided by Company’s majority shareholder to cover operating expenses.

Liquidity
and Capital Resources

We
have not generated revenues to date, and we anticipate that substantial expenditures will be necessary to develop and expand our business
before significant positive operating cash flows can be achieved. The Company may never achieve profitability, and unless and until it
does, the Company will continue to need to raise additional capital. Our ability to continue as a going concern is dependent upon
our ability to raise additional capital and to ultimately achieve sustainable revenues and profitable operations. There
can be no assurances, however, that additional funding will be available on terms acceptable to the Company, or at all.

At
September 30, 2024, our total assets were $3,575 and our total liabilities were $127,577