Company: BSAI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000818
Chunk: 23

Company: BLUSKY AI INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 8
Chunk 23
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   March 31, 2025  March 31, 2024 Net Cash Provided by (Used in) Operating Activities $(37,271) $(32,808)Net Cash Provided by (Used in) Investing Activities  -   - Net Cash Provided by (Used in) Financing Activities  37,271   32,818 Net Increase (Decrease) in Cash $-  $10 

Operating Activities

Net cash flow used in operating activities during the three months ended March 31, 2025 was $37,271, an increase of $4,463 from the $32,808 net cash used during the three months ended March 31, 2024. This increase in the cash used in operating activities was primarily due to the gain on forgiveness of debt offset with a increase in accounts payable and accrued liabilities for the current period.

Investing Activities

Investing activities during the three months ended March 31, 2025 provided $0, a decrease of $0 from the $0 provided by investing activities during the three months ended March 31, 2024. 

Financing Activities

Financing activities during the three months ended March 31, 2025 provided cash of $37,271, an increase of $4,453 from the $32,818 used in financing activities during the three months ended March 31, 2024. During the three months ended March 31, 2025, the Company received $37,271 in proceeds from notes payable - related parties.

Critical Accounting Policies

Our financial statements and accompanying notes are prepared in accordance with generally accepted accounting principles used in the United States. Preparing financial statements requires management to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, and expenses. These estimates and assumptions are affected by management’s application of accounting policies. We believe that understanding the basis and nature of the estimates and assumptions involved with the following aspects of our financial statements is critical to an understanding of our financials.

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Recent Accounting Pronouncements

For recent accounting pronouncements, please refer to the notes to financial statements in Part I, Item 1 of this Quarterly Report.

Off-Balance Sheet Arrangements

The Company does not have any off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on the Company’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital