Company: BSAI
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001096906-25-001383
Chunk: 74

Company: BLUSKY AI INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 2
Chunk 74
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Working capital deficit $(3,385,281) $(3,346,850)

We anticipate generating losses and, therefore, may be unable to continue operations in the future, if we don’t acquire additional capital and issue debt or equity or enter into a strategic arrangement with a third party.

Going Concern Consideration

As reflected in the accompanying unaudited condensed consolidated financial statements, the Company and has an accumulated deficit of $31,244,895. In addition, there is a working capital deficit of $3,385,281 as of June 30, 2025. This raises substantial doubt about its ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company’s ability to raise additional capital and implement its business plan. The financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.

  Six Months Ended   June 30, 2025  June 30, 2024 Net Cash Used in Operating Activities $(101,017 ) $(59,141 )Net Cash Provided by (Used in) Investing Activities  -   - Net Cash Provided by Financing Activities  101,906   59,141 Net Increase (Decrease) in Cash $889  $- 

Operating Activities

Net cash flow used in operating activities during the six months ended June 30, 2025 was $101,017, an increase of $41,876 from the $59,141 net cash used during the six months ended June 30, 2024. This increase in the cash used in operating activities was primarily due to the increase in net loss for 2025 that used more cash from operations for the period.

Investing Activities

Investing activities during the six months ended June 30, 2025 provided $0, a decrease of $0 from the $0 provided by investing activities during the six months ended June 30, 2024. 

Financing Activities

Financing activities during the six months ended June 30, 2025 provided cash of $101,906, an increase of $42,765 from the $59,141 provided by financing activities during the six months ended June 30, 2024. During the six months ended June 30, 2025, the Company received $110,406 in proceeds from notes payable - related parties. The Company made $8,500 in payments