Company: BSAI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001096906-25-000357
Chunk: 250

Company: BLUSKY AI INC.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 13
Chunk 250
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 was required, including assessing and evaluating management's application of relevant accounting standards to such transactions. ·We evaluated the appropriateness and mechanical accuracy of each model utilized. ·We tested the reasonableness of the assumptions used by the Company in the respective models, including exercise price, expected term, expected volatility, risk-free interest rate, and market capitalization. ·We tested the accuracy and completeness of data used by the Company in developing the assumptions used in the valuation models. ·We developed an independent expectation for comparison to the Company's estimate. ·We evaluated the accuracy and completeness of the Company's presentation of these instruments in the financial statements and related disclosures in Note 3, including evaluating whether such disclosures were in accordance with relevant accounting standards.

Professionals with specialized skill and knowledge were utilized by the Firm to assist in the evaluation of the valuation models deployed by management.

/s/ Sadler, Gibb & Associates, LLC

We have served as the Company’s auditor since 2015.

Draper, UT

March 31, 2025  

 F-2Table of Contents

Blusky AI, Inc.

(fka Inception Mining, Inc.)

Consolidated Balance Sheets

  December 31, 2024  December 31, 2023 ASSETS Current Assets      Cash and cash equivalents $-  $2 Prepaid expenses and other current assets  -   10,000 Total Current Assets  -   10,002          Property, plant and equipment, net  -   3,258 Right of use operating lease asset  -   9,595 Other assets  531   531 Total Assets $531  $23,386          LIABILITIES AND STOCKHOLDERS' DEFICITCurrent Liabilities        Accounts payable and accrued liabilities $1,745,787  $1,332,038 Accrued interest - related parties  30,310   - Operating lease liability  -   9,595 Note payable  125,000   125,000 Notes payable - related parties – current portion  992,761   32,895 Convertible notes payable - net of discount  266,450   37,540 Derivative liabilities  186,542   39,281 Total Current Liabilities  3,346,850