Company: BSAI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001096906-25-000357
Chunk: 1283

Company: BLUSKY AI INC.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 9C
Chunk 1283
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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   1,576,349          Long-term notes payable - related parties, net of current portion  -   868,618 Total Liabilities  3,346,850   2,444,967          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, 2,659,773 and 2,638,903 shares issued and outstanding as of December 31, 2024 and 2023, respectively  27   26 Additional paid-in capital  26,517,017   26,491,974 Accumulated deficit  (29,863,364)  (28,913,582)Total Stockholders' Deficit  (3,346,319)  (2,421,581)Total Liabilities and Stockholders' Deficit $531  $23,386 

See accompanying notes to the consolidated financial statements.

 F-3Table of Contents

Blusky AI, Inc.

(fka Inception Mining, Inc.)

Consolidated Statements of Operations and Comprehensive Income (Loss)

  For the Years Ended   December 31, 2024