Company: BSAI
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001096906-25-001383
Chunk: 33

Company: BLUSKY AI INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 33
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(FKA Inception Mining, Inc.)

Condensed Statements of Operations

(Unaudited)

  For the Three Months Ended  For the Six Months Ended   June 30, 2025  June 30, 2024  June 30, 2025  June 30, 2024 Operating Expenses            General and administrative $1,541,189  $136,438  $1,687,294  $260,175 Depreciation and amortization  -   181   -   362 Total Operating Expenses  1,541,189   136,619   1,687,294   260,537 Loss from Operations  (1,541,189)  (136,619)  (1,687,294)  (260,537)                 Other Income/(Expenses)                Other income (expense)  -   -   96   - Change in derivative liability  -   65,294   186,542   49,036 Initial derivative expense  -   (136,466)  -   (193,582)Gain on extinguishment of debt  -   -   152,131   - Interest expense  (15,731)  (294,738)  (33,006)  (354,426)Total Other Income/(Expenses)  (15,731)  (365,910)  305,763   (498,972)                 Net Loss from Operations before Income Taxes  (1,556,920)  (502,529)  (1,381,531)  (759,509)Provision for Income Taxes  -   -   -   - Net Loss $(1,556,920) $(502,529) $(1,381,531) $(759,509)                 Net Loss per Share – Basic and Diluted $(0.50) $(0.19) $(0.48) $(0.29)Weighted average number of shares outstanding during the period – Basic and Diluted  3,137,732   2,638,875   2,900,493