Company: FTSP
Filing Date: 2025-02-14
Form Type: 8-K
Source: 0001199835-25-000044
Chunk: 23

Company: FinTrade Sherpa, Inc.
Filing Date: 2025-02-14
Form: 8-K
Item: Item 2.01
Chunk 23
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. Our working capital deficiency at September
30, 2024, and December 31, 2023, and the changes between those dates were as follows:

                                                                                  Change                       
                          September                    December                   Amount                       
                          30, 2024                     31, 2023                                                
                          $                            $                          $                            
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Current                                   3,575                      2,474                    1,101      45  
  Current                                 127,577                     91,924                   35,653      39  
  Working                                (124,002                    (89,450                  (34,552      39  

The
increase in our working capital deficiency from December 31, 2023, to September 30, 2024, was due to cash outflow from operating activities
which were funded by loans from related parties.

As
of the date of this Current Report on Form 8-K, we believe that development costs to progress FinTradeSherpa through beta stage and release
candidate phase will be between approximately $245,000 and $425,000. We expect to fund these additional costs through proceeds from one
or more additional capital raises, including through public or private offerings of our equity securities. We may seek to access the
public or private equity markets whenever conditions are favorable; however, there can be no assurance that we will be able to raise
additional capital when needed or on terms that are favorable to us, if at all. We currently have no lines of credit or other arranged
access to debt financing. In order to raise sufficient capital in the future, we may need to increase the number of authorized shares
we are permitted to issue under our governing documents.

Cash
Flows

                                    Nine                                                               Change                       
                                    Months Ended September 30                                                                       
                                    2024                                        2023                   Amount                       
                                    $                                           $                      $                            
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cash                                                                                                                              
  Operating                                                        (43,723                (41,936                  (1,787        4  
  Financing                                                         44,824                 45,926                  (1,102       -2  
  Net                                                                1,101                  3,990                  (2,889      -72  

We
have yet to generate any revenues from our business operation and our ability to generate adequate amounts of cash to meet