Company: FTSP
Filing Date: 2025-05-14
Form Type: 10-Q
Source: 0001199835-25-000144
Chunk: 16

Company: FinTrade Sherpa, Inc.
Filing Date: 2025-05-14
Form: 10-Q
Item: Part I, Item 8
Chunk 16
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ited interim financial statements
should be read in conjunction with the Company’s financial statements and notes thereto included in the Company’s Annual
report on Form 10-K for the year ended December 31, 2024. The Company assumes that the users of the interim financial information herein
have read, or have access to, the audited financial statements for the year ended December 31, 2024, and that the adequacy of additional
disclosure needed for a fair presentation may be determined in that context. Accordingly, certain footnote disclosures, which would substantially
duplicate the disclosures contained in the Company’s financial statements for the fiscal year ended December 31, 2024, have been
omitted. The results of operations for the three months ended March 31, 2025, are not necessarily indicative of results for the entire
year ending December 31, 2025.

2.SUMMARY
OF SIGNIFICANT ACCOUNTING POLICIES

The
financial statements of the Company have been prepared in accordance with generally accepted accounting principles in the United States
(“GAAP”) with accounting policies as disclosed in the Company’s annual audited financial statements. Because a precise
determination of many assets and liabilities is dependent upon future events, the preparation of financial statements for a period necessarily
involves the use of estimates which have been made using careful judgment. All dollar amounts are in U.S. dollars unless otherwise noted.
The financial statements have, in management’s opinion, been properly prepared within reasonable limits of materiality.

The
Company has implemented all applicable new accounting pronouncements that are in effect. Those pronouncements did not have any material
impact on the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting
pronouncements that have been issued that might have a material impact on its financial position or results of operations.

8

FINTRADE
SHERPA, INC.

(FORMERLY
LODE-STAR MINING INC.)

FINANCIAL
STATEMENTS

FOR
THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024
(Unaudited)

3.ASSET
PURCHASE AGREEMENT

Asset
Purchase Agreement 

On
February 14, 2025, the Company entered into an Asset Purchase Agreement whereby the Company agreed to purchase from a third-party (the
“Seller”) rights, title, and interest in and to certain intellectual property, rights and derivative works, including improvements,
modifications,