Company: BSAI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001096906-25-000357
Chunk: 1241

Company: BLUSKY AI INC.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 9B
Chunk 1241
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 based on the estimated fair value on the grant date of the award. Income (Loss) per Common Share – Basic net income (loss) per common share is computed by dividing net income (loss), less the preferred stock dividends, by the weighted average number of common shares outstanding. Dilutive income (loss) per share includes any additional dilution from common stock equivalents, such as stock options and warrants, and convertible instruments, if the impact is not anti-dilutive. 810,359 common share equivalents have been excluded from the diluted loss per share calculation for the year ended December 31, 2024 because it would be anti-dilutive.

 F-10Table of Contents

The following tables summaries the changes in the net earnings per common share for the years ended December 31, 2024 and 2023:   For the Years Ended Numerator December 31, 2024  December 31, 2023 Net Income (Loss) - Controlling Interest $(949,782) $12,741,988 Gain on Extinguishment of Debt  -   (6,313,102)Interest Expense  -   72,790 Change in Derivative Liabilities  -   (3,220,312)Adjusted Net Income (Loss) - Controlling Interest $(949,782) $3,281,364   Denominator Shares  Shares Basic Weighted Average Number of Shares Outstanding during Period  2,647,513   2,330,781 Dilutive Shares  -   430,295,965 Diluted Weighted Average Number of Shares Outstanding during Period  2,647,513   432,646,746          Diluted Net Income (Loss) per Share $(0.36) $0.03   Comprehensive Loss – Comprehensive loss is made up of the exchange differences arising on translating foreign operations and the net loss for the years ended December 31, 2024 and 2023. Derivative Liabilities – Derivatives liabilities are recorded at fair value when issued and the subsequent change in fair value each period is recorded in other income (expense) in the consolidated statements of operations. We do not hold or issue any derivative financial instruments for speculative trading purposes. Income Taxes – The Company’s income tax expense and deferred tax assets and liabilities reflect management’s best assessment of estimated future taxes to be