Company: BSAI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001096906-25-000357
Chunk: 355

Company: BLUSKY AI INC.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 15
Chunk 355
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995 Less Accumulated Depreciation  (24,464)  (23,737)Less Loss on Disposal of Property, Plant and Equipment  (2,531)  - Total Property, Plant and Equipment $-  $3,258  During the years ended December 31, 2024 and 2023, the Company recognized depreciation expense of $727 and $725, respectively. During the year ended December 31, 2024, the Company disposed of its remaining property, plant and equipment and recognized a loss of $2,531.

6. Accounts Payable and Accrued Liabilities Accounts Payable and accrued liabilities of continuing operations at December 31, 2024 and 2023 consisted of the following:   December 31, 2024  December 31, 2023 Accounts Payable $518,930  $348,902 Accrued Liabilities  1,226,857   913,887 Accrued Salaries and Benefits  -   69,249 Total Accrued Liabilities $1,745,787  $1,332,038 

7. Notes Payable Notes payable of continuing operations were comprised of the following as of December 31, 2024 and 2023: Notes Payable December 31, 2024  December 31, 2023 Phil Zobrist $60,000  $60,000 Antczak Polich Law LLC  65,000   65,000 Total Notes Payable  125,000   125,000 Less Short-Term Notes Payable  (125,000)  (125,000)Total Long-Term Notes Payable $-  $-  Phil Zobrist – On January 11, 2013, the Company issued an unsecured Promissory Note to Phil Zobrist in the principal amount of $60,000 (the “Note”) due on demand and bearing 0% per annum interest. The total net proceeds the Company received was $60,000. On October 2, 2015, the Company entered into a new convertible note with Phil Zobrist that originally matured on December 31, 2016 and bears 18% per annum interest. The Company agreed to accrue interest