Company: FTSP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001199835-25-000144
Chunk: 21

Company: FinTrade Sherpa, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 21
---

and have an accumulated deficit of $4,558,427.

Expenses

Notable
year over year differences in expenses for the first quarter are as follows:

    Three Months Ended March 31  
    Change 

    2025  
    2024  
    Amount  
    Percentage 

    $  
    $  
    $  

    Consulting 
     980  
     -  
     (980) 
     -100%
  
    Corporate support services 
     -  
     466  
     466  
     100%
  
    Office, foreign exchange and sundry 
     102  
     (3,459) 
     (3,561) 
     103%
  
    Professional fees 
     147,036  
     8,749  
     (138,287) 
     -1581%
  
    Transfer and filing fees 
     4,994  
     3,118  
     (1,876) 
     -60%

11

    ITEM
    2.
    MANAGEMENT’S
    DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (continued)

The
increase in the first quarter of 2025 is related to higher professional expenses for accounting and legal fees offset by a gain in foreign
exchange fees.

Balance
Sheets at March 31, 2025, and December 31, 2024

Items
with notable period-end differences are as follows:

    Change 

    March 31, 2025  
    December 31, 2024  
    Amount  
    Percentage 

    $  
    $  
    $  

    Cash 
     800  
     1,175  
     375  
     32%
  
    Accounts payable and accrued liabilities 
     128,590  
     24,773  
     (103,817) 
     -419%
  
    Due to related parties and accrued interest 
     24,179  
     144,904  
     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