Company: BSAI
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001096906-25-001383
Chunk: 54

Company: BLUSKY AI INC.
Filing Date: 2025-08-19
Form: 10-Q
Item: Part I, Item 1
Chunk 54
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 by an Employment Agreement as of April 1, 2019 (see Employment Agreements below). As of June 30, 2025, there is $1,236,788 in deferred salaries in accounts payable and accrued liabilities. Mr. Cluff currently serves as a director of the Company and has a separate agreement as a consultant of the Company effective as of October 2, 2015. Employment Agreements – The Company has an employment agreement with its chief executive officer, Trent D’Ambrosio. The employment agreement was effective as of April 1, 2019 and provides for compensation of $300,000 annually. Notes Payable –The Company took one short-term note payable from Debra D’Ambrosio, an immediate family member related party and one short-term note payable from Digital Asset Medium, LLC, an affiliate of a direct during the six months ended June 30, 2025. The Company received $110,406 in cash from related parties, made payments of $8,500 in cash to related parties and $125,000 was paid directly to another lender to settle their outstanding notes (See Notes 8 and 9 for more details). Accounts Payable –Two officers/directors of the Company have been paying expenses for the Company on their personal credit cards. The Company has recorded these expenses and accrued the amounts in accounts payable to the individuals. As of June 30, 2025, there is $321,829 in accounts payable and accrued liabilities. On June 10, 2025, the Company issued 500,000 restricted shares of Common Stock to Trent D’Ambrosio for services rendered at the market price of $0.401 per share for a total value of $200,500. On June 10, 2025, the Company issued 100,000 restricted shares of Common Stock to five individuals for services rendered at the market price of $0.401 per share for a total value of $40,100. Common Stock Issued for Services - On June 10, 2025, the Company issued 500,000 restricted shares of Common Stock to Trent D’Ambrosio for services rendered at the market price of $0.401 per share for a total value of $200,500. On June 10, 2025, the Company issued 300,000 restricted shares of Common Stock to Lance D’Ambrosio for services rendered at the market price of $0