Company: FTSP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001199835-25-000144
Chunk: 3

Company: FinTrade Sherpa, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 1
Chunk 3
---
The
accompanying notes are an integral part of these unaudited interim financial statements.

7

FINTRADE
SHERPA, INC.

(FORMERLY
LODE-STAR MINING INC.)

NOTES
TO INTERIM FINANCIAL STATEMENTS

FOR
THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

(Unaudited)

1.BASIS
OF PRESENTATION AND NATURE OF OPERATIONS

FinTrade
Sherpa, Inc. (formerly Lode-Star Mining Inc.) (“the Company”) was incorporated in the State of Nevada, U.S.A., on December
9, 2004. The Company’s principal executive offices are in Reno, Nevada. The Company was originally formed to acquire exploration
stage natural resource properties.

In
February 2025, the Company entered into an Asset Purchase Agreement, License Agreement, Software Development Agreement and Lock-up and
Leak-Out Agreements associated with its business objective to develop an artificial intelligence powered financial research platform
(Note 3).

On
February 14, 2025, the Company changed its name from Lode-Star Mining Inc. to FinTrade Sherpa, Inc. to align with its new business model.

The
Company is currently developing software to launch into its market space.

Going
Concern

The
accompanying unaudited interim financial statements have been prepared assuming the Company will continue as a going concern. The future
of the Company is dependent upon its ability to establish a business and to obtain new financing to execute its business plan. As shown
in the accompanying unaudited interim financial statements, the Company has had no revenue and has incurred accumulated losses of $4,558,427
as of March 31, 2025. These factors raise substantial doubt about the Company’s ability to continue as a going concern. In order
to continue as a going concern, the Company will need, among other things, to identify new business opportunities and raise additional
capital resources. The Company is significantly dependent upon its ability and will continue to attempt to secure additional equity and/or
debt financing. There are no assurances that the Company will be successful and without sufficient financing, it would be unlikely for
the Company to continue as a going concern. These unaudited interim financial statements do not include any adjustments relating to the
recoverability and classification of recorded assets, or the amounts of and classification of liabilities that might be necessary in
the event the Company cannot continue in existence,