Company: BSAI
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001096906-25-001383
Chunk: 32

Company: BLUSKY AI INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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Item 1. Financial Statements

BluSky AI, Inc.

(FKA Inception Mining, Inc.)

Condensed Balance Sheets

  June 30, 2025  December 31, 2024   (Unaudited)    ASSETS Current Assets      Cash and cash equivalents $889  $- Prepaid expenses and other current assets  31,382   - Total Current Assets  32,271   -          Other assets  531   531 Total Assets $32,802  $531          LIABILITIES AND STOCKHOLDERS’ DEFICITCurrent Liabilities        Accounts payable and accrued liabilities $2,014,925  $1,745,787 Accrued interest - related parties  57,960   30,310 Note payable  125,000   125,000 Notes payable - related parties  1,219,667   992,761 Convertible notes payable - net of discount  -   266,450 Derivative liabilities  -   186,542 Total Current Liabilities  3,417,552   3,346,850          Total Liabilities  3,417,552   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, 4,465,205 and 2,659,773 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively  45   27 Additional paid-in capital  27,860,099   26,517,017 Accumulated deficit  (31,244,895)  (29,863,364)Total Stockholders’ Deficit  (3,384,750)  (3,346,319)Total Liabilities and Stockholders’ Deficit $32,802  $531 

See accompanying notes to the unaudited condensed financial statements.

 F-1Table of Contents

BluSky AI, Inc