BLUSKY AI INC. (BSAI) Form 10-Q — Aug 14, 2026
BluSky AI Inc., a pre-revenue modular data center and GPU-as-a-Service operator formerly known as Inception Mining, reported a net loss of $478,109 for the quarter ended June 30, 2026, improved from $1,556,920 a year earlier, driven mainly by lower consulting, legal, and investor relations costs. The company disclosed substantial doubt about its ability to continue as a going concern, holding just $507,547 in cash against a $3,231,379 working capital deficit and a $1,620,365 stockholders' deficit at June 30, 2026. Management also concluded that disclosure controls and procedures were not effective as of quarter end.
Key figures
- Total Assets
- 2270937
- Cash Position
- 507547
- Reg AHoldback
- 17107
- Net Loss Q2 2025
- 1556920
- Net Loss Q2 2026
- 478109
- Reg ANet Receipts
- 144856
- Authorized Shares
- 10300000000
- Reg AShares Issued
- 86642
- Reg AGross Receipts
- 433210
- Reg AOffering Costs
- 271248
- Reverse Split Ratio
- 1,000-for-1 (effective March 10, 2025)
- Accumulated Deficit
- 35286528
- Notes Payable Zobrist
- 60000
- Lawsuit Damages Sought
- 2237800
- Solar Power Asset Value
- 1289309
- Net Loss Six Months 2025
- 1381531
- Working Capital Deficit
- 3231379
- Shares Issued June302026
- 25079147
- Land Purchase Milford Utah
- 165000
- Related Party Notes Payable
- 1455572
- Shares Outstanding Aug142026
- 25173424
- Convertible Notes Payable Gross
- 125000
- Financing Cash Provided Six Months
- 367606
- Deemed Dividend On DAMStock Issuance
- 8510691
AI analysis
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