Company: BSAI
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001096906-25-000357
Chunk: 1064

Company: BLUSKY AI INC.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 8
Chunk 1064
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  30,310   - Operating lease liability  -   9,595 Note payable  125,000   125,000 Notes payable - related parties – current portion  992,761   32,895 Convertible notes payable - net of discount  266,450   37,540 Derivative liabilities  186,542   39,281 Total Current Liabilities  3,346,850   1,576,349          Long-term notes payable - related parties, net of current portion  -   868,618 Total Liabilities  3,346,850   2,444,967          Commitments and Contingencies  -   -          Stockholders' Deficit        Preferred stock, $0.00001 par value; 10,000,000 shares authorized, 51 shares issued and outstanding  1   1 Common stock, $0.00001 par value; 10,300,000,000 shares authorized, 2,659,773 and 2,638,903 shares issued and outstanding as of December 31, 2024 and 2023, respectively  27   26 Additional paid-in capital  26,517,017   26,491,974 Accumulated deficit  (29,863,364)  (28,913,582)Total Stockholders' Deficit  (3,346,319)  (2,421,581)Total Liabilities and Stockholders' Deficit $531  $23,386 

See accompanying notes to the consolidated financial statements.

 F-3Table of Contents

Blusky AI, Inc.

(fka Inception Mining, Inc.)

Consolidated Statements of Operations and Comprehensive Income (Loss)

  For the Years Ended   December 31, 2024  December 31, 2023 Operating Expenses      General and administrative $520,378  $1,065,893 Depreciation and amortization  727   725 Total Operating Expenses  521,105   1,066,618 Loss from Operations  (521,105)  (1,066,618)         Other Income/(Expenses)        Change in derivative liability  196,321   3,328,