Company: BSAI
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001096906-25-001383
Chunk: 35

Company: BLUSKY AI INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 35
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 Capital    Deficit    Deficiency  Balance, December 31, 2023  51  $1   2,638,903  $26  $26,491,974  $(28,913,582) $(2,421,581)Net income for the period  -   -   -   -   -   (256,980)  (256,980)Balance, March 31, 2024  51   1   2,638,903   26   26,491,974   (29,170,562)  (2,678,561)Net loss for the period  -   -   -   -   -   (502,529)  (502,529)Balance, June 30, 2024  51  $1   2,638,903  $26  $26,491,974  $(29,673,091) $(3,181,090)

See accompanying notes to the unaudited condensed financial statements.

 F-3Table of Contents

BluSky AI, Inc.

(FKA Inception Mining, Inc.)

Condensed Statements of Cash Flows

(Unaudited)

  For the Six Months Ended   June 30, 2025  June 30, 2024 Cash Flows From Operating Activities:      Net Loss $(1,381,531) $(759,509)Adjustments to reconcile net loss to net cash used in operations        Depreciation and amortization expense  -   362 Common stock issued for services  1,343,100   - (Gain) loss on extinguishment of debt  (338,673)  - Change in derivative liability  -   (49,036)Default penalty additions  -   88,890 Expenses paid in behalf of the company by related party  -   10,300 Amortization of right-of-use asset  -   7,002 Amortization of debt discount  -   219,961 Initial derivative expense  -   193,582 Changes in operating assets and liabilities:        Prepaid expenses and other current assets  (31,382)