Every 10-Q that BLUSKY AI INC. (BSAI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow BSAI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full BSAI filings page.
BluSky AI Inc. is a pre-revenue, development-stage company that has pivoted from mining into AI-focused modular data centers and GPU-as-a-Service infrastructure. For the six months ended June 30, 2026, it reported a net loss of $907,648, an improvement from $1,381,531 a year earlier, driven mainly by lower consulting, legal and investor relations costs. For the quarter, net loss narrowed to $478,109 from $1,556,920.
Total assets were $2,270,937, including a $1,289,309 solar power asset and land tied to its Milford, Utah data center project, while cash was $507,547. The company had a working capital deficit of $3,231,379, total liabilities of $3,891,302, and an accumulated deficit of $35,286,528, resulting in stockholders’ deficit of $1,620,365. Management states there is substantial doubt about its ability to continue as a going concern without additional capital.
BluSky raised capital through $75,000 in new Reg D convertible notes and a Reg A offering that issued 86,642 shares for $433,210 in gross proceeds, with $144,856 of net receipts recognized by June 30, 2026. Convertible and derivative liabilities were simplified, with prior derivative liabilities reduced to zero and fair-value adjustments modest. However, it remains highly leveraged to related-party financing, carries a defaulted $60,000 legacy note, and used $655,495 of cash in operating activities over six months, emphasizing dependence on future financings to execute its AI data center build-out.
BluSky AI Inc. reported a net loss of $429,539 for the three months ended March 31, 2026, compared with net income of $175,389 a year earlier, as general and administrative expenses rose to $414,741.
The company, which recently pivoted from mining to AI-driven modular data centers and GPU-as-a-Service, had cash of $562,950, total assets of $2,251,361, and a working capital deficit of $2,650,009. Management discloses substantial doubt about its ability to continue as a going concern given its accumulated deficit of $34,808,419 and pre-revenue status, and it is seeking additional capital while advancing its Milford, Utah power-backed data center project.
BluSky AI Inc., formerly Inception Mining, reports a much larger loss as it pivots into AI-focused modular data centers. The company recorded a net loss of $4.0 million for the nine months ended September 30, 2025, versus $1.0 million a year earlier, driven mainly by higher consulting, legal, investor relations costs and a large non‑cash loss on extinguishment of debt.
Total assets rose to $2.99 million, including $1.30 million in cash and a $1.29 million solar power asset tied to a related-party power assignment for its planned Milford, Utah data center. Current liabilities were $3.30 million, leaving a working capital deficit of $1.92 million and an accumulated deficit of $33.9 million.
The company warns of substantial doubt about its ability to continue as a going concern and is relying on additional financing and future profitable operations. During 2025 it raised $1.74 million through Regulation D convertible notes, all of which were converted into 433,750 shares, and issued significant additional equity for services, debt conversions and the solar power rights, increasing common shares outstanding to 24,957,870 as of September 30, 2025.