Company: FTSP
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001199835-25-000387
Chunk: 13

Company: FinTrade Sherpa, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 13
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-270%
  
    Due to related parties and accrued interest 
     28,877  
     144,904  
     116,027  
     80%

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.

12

    FINTRADE
    SHERPA, INC.
  
    (FORMERLY
    LODE-STAR MINING INC.)

    FINANCIAL
    STATEMENTS

    FOR
    THE SIX MONTHS ENDED SEPTEMBER 30, 2025 AND 2024
  
    (Unaudited)

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

Liquidity
and Capital Resources

At
September 30, 2025, the Company’s total assets were $2,572 and total liabilities were $120,660. The Company’s working capital
deficiency at September 30, 2025, and December 31, 2024, and the changes between those dates were as follows:

    Increase/(Decrease) 

    September 30, 2025  
    December 31, 2024  
    Amount  
    Percentage 

    $  
    $  
    $  

    Current Assets 
     2,572  
     1,175  
     1,397  
     119%
  
    Current Liabilities 
     120,660  
     169,677  
     (49,017) 
     -29%
  
    Working Capital Deficiency 
     (118,088) 
     (168,502) 
     50,414  
     -30%

The
decrease in working capital deficiency from December 31, 2024, to September 30, 2025, was due to cash outflow from operating activities
and an inflow from share issuance and related party advances.

    Nine Months Ended September 30  
    Increase/(Decrease) 

    2025  
    2024  
    Amount  
    Percentage 

    $  
    $  
    $   

    Cash Flows Provided by (Used In): 

    Operating Activities 
     (272,221)