Company: BSAI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001096906-25-000357
Chunk: 903

Company: BLUSKY AI INC.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 6
Chunk 903
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,700,000, accruing no interest, with monthly payments beginning on March 31, 2023, maturing February 1, 2025.  $2,219,442  $2,700,000 Less: Payments received  -   (480,558)Total Note Receivable outstanding  2,219,442   2,219,442 Less: Allowance for Doubtful Note Receivable  (2,219,442)  (2,219,442)Total Note Receivable $-  $- 

 F-13Table of Contents

5. Properties, Plant and Equipment, Net Properties, plant and equipment of continuing operations at December 31, 2024 and 2023 consisted of the following:   December 31, 2024  December 31, 2023 Machinery and Equipment $25,368  $25,368 Office Equipment and Furniture  1,627   1,627    26,995   26,995 Less Accumulated Depreciation  (24,464)  (23,737)Less Loss on Disposal of Property, Plant and Equipment  (2,531)  - Total Property, Plant and Equipment $-  $3,258  During the years ended December 31, 2024 and 2023, the Company recognized depreciation expense of $727 and $725, respectively. During the year ended December 31, 2024, the Company disposed of its remaining property, plant and equipment and recognized a loss of $2,531.

6. Accounts Payable and Accrued Liabilities Accounts Payable and accrued liabilities of continuing operations at December 31, 2024 and 2023 consisted of the following:   December 31, 2024  December 31, 2023 Accounts Payable $518,930  $348,902 Accrued Liabilities  1,226,857   913,887 Accrued Salaries and Benefits  -   69,249 Total Accrued Liabilities $1,745,787  $1,332,038 

7. Notes Payable Notes payable of continuing operations were comprised of the following as of December 31, 2024 and 2023: Notes