FinTrade Sherpa, Inc., formerly known as Lode-Star Mining Inc., reported its financial results for the six months ending June 30, 2025, revealing a significant net loss of $190,550, compared to a loss of $22,567 during the same period in 2024. The company has not generated any revenue in either fiscal period. Operating expenses surged to $190,550, marking a 744% increase from the previous year, primarily driven by higher professional fees and transfer and filing costs. The company's accumulated deficit now stands at $4,595,865.
The financial position of FinTrade Sherpa has shown some changes since the end of 2024. Total assets increased to $1,932 as of June 30, 2025, up from $1,175 at the end of the previous year. However, total liabilities also rose slightly to $171,339, resulting in a working capital deficiency of $169,407, which is a marginal increase from $168,502 at the end of 2024. The increase in accounts payable and accrued liabilities, which reached $141,762, was attributed to professional expenses incurred for accounting and legal services.
Strategically, the company has undergone a significant transformation, shifting its focus towards developing an artificial intelligence-powered financial research platform. In February 2025, FinTrade entered into an Asset Purchase Agreement to acquire intellectual property related to AI technology, which is expected to enhance its product offerings. The company also established a License Agreement for exclusive rights to use certain AI technology, with a total license fee of $440,000 payable in installments. As of June 30, 2025, no payments had been made under this agreement.
Operationally, FinTrade Sherpa has not reported any customer counts or user statistics, as it is still in the development phase of its new business model. The company has indicated that it will continue to rely on external financing to support its operations, with funding from its largest shareholder, Lode-Star Gold Inc. The company has no employees and plans to utilize outside consultants for its operational needs.
Looking ahead, FinTrade Sherpa acknowledges substantial doubt regarding its ability to continue as a going concern without securing additional capital. The company has received $220,000 in funding as of July 25, 2025, which will support its ongoing development efforts. However, the company emphasizes that its future financial performance is uncertain and contingent upon its ability to generate revenue and secure further financing.
About FinTrade Sherpa, Inc.
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