Company: BSAI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001096906-25-000818
Chunk: 30

Company: BLUSKY AI INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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-   -   -   - Net income for the period  -   -   -   -   -   175,389   175,389 Balance, March 31, 2025  51  $1   2,644,205  $27  $26,517,017  $(29,687,975) $(3,170,930)

   Preferred stock    Common stock    Additional       Total     ($0.00001 Par)    ($0.00001 Par)    Paid-in    Accumulated    Stockholders'     Shares    Amount    Shares    Amount    Capital    Deficit    Deficit Balance, December 31, 2023  51  $1   2,638,903  $26  $26,491,974  $(28,913,582) $(2,421,581)Net loss for the period  -   -   -   -   -   (256,980)  (256,980)Balance, March 31, 2024  51  $1   2,638,903  $26  $26,491,974  $(29,170,562) $(2,678,561)

See accompanying notes to the unaudited condensed financial statements.

 F-3Table of Contents

BluSky AI, Inc.

(FKA Inception Mining, Inc.)

Condensed Statements of Cash Flows

(Unaudited)

  For the Three Months Ended   March 31, 2025  March 31, 2024 Cash Flows From Operating Activities:      Net Income (Loss) $175,389  $(256,980)Adjustments to reconcile net income (loss) to net cash used in operations        Depreciation and amortization expense  -   181 (Gain) on extinguishment of debt  (338,673)  - Change in derivative liability  -   16,258 Expenses paid in behalf of the company by related party  -   10,300 Amortization of right-of-use asset  -