Company: BSAI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001096906-25-000357
Chunk: 890

Company: BLUSKY AI INC.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 6
Chunk 890
---
 the Years Ended   December 31, 2024  December 31, 2023 Cash Flows From Operating Activities:      Net Income (Loss) $(949,782) $12,755,659 Net Income (Loss) from discontinued operations  -   497,581 Gain on sale of mine property in discontinued operations  -   (7,230,453)Adjustments to reconcile net income (loss) to net cash used in operations        Depreciation and amortization expense  727   725 Common stock issued for services  -   279,429 Allowance for doubtful note receivable  -   2,219,442 Loss on disposition of property, plant and equipment  2,531   - (Gain) loss on extinguishment of debt  13,043   (6,313,102)Change in derivative liability  (196,321)  (3,273,396)Default penalty additions  119,734   - Expenses paid in behalf of the company by related party  15,327   - Amortization of right-of-use asset  9,595   13,511 Amortization of debt discount  219,961   77,032 Initial derivative expense  193,582   - Changes in operating assets and liabilities:        Other receivables  -   3,556,358 Prepaid expenses and other current assets  10,000   (7,283)Accounts payable and accrued liabilities  404,154   30,888 Accounts payable and accrued liabilities - related parties  30,310   (1,363,250)Net Cash Provided By (Used In) Continuing Operations  (127,139)  1,243,141 Net Cash Provided By (Used In) Discontinued Operations  -   (466)Net Cash Provided By (Used In) Operating Activities  (127,139)  1,242,675          Cash Flows From Investing Activities:        Investing activities of discontinued operations  -   (652)Net Cash Provided By (Used In) Investing Activities  -   (652)         Cash Flows From Financing Activities:        Repayment of notes payable-related parties  (98,475)