Company: BSAI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000818
Chunk: 37

Company: BLUSKY AI INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 value. We capitalize expenditures for improvements that significantly extend the useful life of an asset. We charge expenditures for maintenance and repairs to operations when incurred. Depreciation is computed using the straight-line method over estimated useful lives as follows: Building 7 to 15 yearsVehicles and equipment 3 to 7 yearsFurniture and fixtures 2 to 3 yearsProcessing and laboratory 5 to 15 years Stock Issued for Goods and Services - Common and preferred shares issued for goods and services are valued based upon the fair market value of our common stock or the goods and services received. Stock-Based Compensation - For stock-based transactions, compensation expense is recognized over the requisite service period, which is generally the vesting period, based on the estimated fair value on the grant date of the award. Income (Loss) per Common Share - Basic net income (loss) per common share is computed by dividing net income (loss), less the preferred stock dividends, by the weighted average number of common shares outstanding. Dilutive income (loss) per share includes any additional dilution from common stock equivalents, such as stock options and warrants, and convertible instruments, if the impact is not antidilutive. 0 and 151,563,371 common share equivalents have been excluded from the diluted loss per share calculation for the three-month periods ended March 31, 2025 and 2024, respectively, because it would be anti-dilutive. The following tables summaries the changes in the net earnings per common share for the three-month periods ended March 31, 2025 and 2024:   For the Three Months Ended Numerator March 31, 2025  March 31, 2024 Net Income (Loss) $175,389  $(256,980)Adjusted Net Income (Loss) $175,389  $(256,980)         Denominator Shares  Shares Basic Weighted Average Number of Shares Outstanding during Period  2,660,618   2,638,875 Dilutive Shares  -   - Diluted Weighted Average Number of Shares Outstanding during Period  2,660,618   2,638,875          Diluted Net Income (Loss) per Share $0.07  $(0.10) Derivative Liabilities - Derivative liabilities are