Company: BSAI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000818
Chunk: 28

Company: BLUSKY AI INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 28
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BluSky AI, Inc.

(FKA Inception Mining, Inc.)

Condensed Balance Sheets

  March 31, 2025  December 31, 2024   (Unaudited)   ASSETS  Current Assets      Prepaid expenses and other current assets $ 3,000  $ - Total Current Assets  3,000   -          Other assets  531   531 Total Assets $3,531  $531          LIABILITIES AND STOCKHOLDERS' DEFICITCurrent Liabilities        Accounts payable and accrued liabilities $1,849,507  $1,745,787 Accrued interest - related parties  44,922   30,310 Note payable  125,000   125,000 Notes payable - related parties  1,155,032   992,761 Convertible notes payable - net of discount  -   266,450 Derivative liabilities  -   186,542 Total Current Liabilities  3,174,461   3,346,850 Total Liabilities  3,174,461   3,346,850          Commitments and Contingencies  -   -          Stockholders' Deficit        Preferred stock, $0.00001 par value; 10,000,000 shares authorized, 51 shares issued and outstanding  1   1 Common stock, $0.00001 par value; 10,300,000,000 shares authorized, 2,665,205 and 2,659,773 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively  27   27 Additional paid-in capital  26,517,017   26,517,017 Accumulated deficit  (29,687,975)  (29,863,364)Total Stockholders' Deficit  (3,170,930)  (3,346,319)Total Liabilities and Stockholders' Deficit $3,531  $531 

See accompanying notes to the unaudited condensed financial statements.

 F-1Table of Contents

BluSky AI, Inc.

(FKA Inception Mining, Inc.)

Condensed Statements of Operations

(Un