Company: BSAI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000818
Chunk: 29

Company: BLUSKY AI INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 29
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audited)

  For the Three Months Ended   March 31, 2025  March 31, 2024 Operating Expenses      General and administrative $146,105  $123,757 Depreciation and amortization  -   181 Total Operating Expenses  146,105   123,938 Income (Loss) from Operations  (146,105)  (123,938)         Other Income/(Expenses)        Other income (expense)  96   - Change in derivative liability  -   (16,258)Initial derivative expense  -   (57,116)Gain on extinguishment of debt  338,673   - Interest expense  (17,275)  (59,668)Total Other Income/(Expenses)  321,494   (133,042)         Net Income (Loss) from Operations before Income Taxes  175,389   (256,980)Provision for Income Taxes  -   - Net Income (Loss) $175,389  $(256,980)         Net income (loss) per share – Basic and Diluted $0.07  $(0.10)Weighted average number of shares outstanding during the period – Basic and Diluted  2,660,618   2,638,875 

See accompanying notes to the unaudited condensed financial statements.

 F-2Table of Contents

BluSky AI, Inc.

(FKA Inception Mining, Inc.)

Condensed Statements of Stockholders’ Deficit

(Unaudited)

   Preferred stock    Common stock    Additional       Total     ($0.00001 Par)    ($0.00001 Par)    Paid-in    Accumulated    Stockholders'     Shares    Amount    Shares    Amount    Capital    Deficit    Deficit  Balance, December 31, 2024  51  $1   2,638,773  $27  $26,517,017  $(29,863,364) $(3,346,319)Rounding shares issued with reverse split  -   -   5,432