Ctrl Worx Watch List › Company
BluSky AI Inc. (BSAI): material weakness open at least 2,128 days
By Russell Tomoum, Ctrl Worx™. Built from its own SEC filings. How the Clock works.
BluSky AI Inc. reported ineffective internal control over financial reporting because of a material weakness in 6 filings since Apr 15, 2021. The latest was its 10-K for the period ended Dec 31, 2025.
Ctrl Worx Watch List™ status
On the ClockStill filing, and no annual report of its own says the weakness is fixed.
Checked against SEC EDGAR: Oct 29, 2026 · Entry #10677
Causes the company named
Segregation of duties · 6Accounting expertise and resources · 6
Inadequate segregation of duties and insufficient accounting staff due to company size.
What the latest filing says
and the material weaknesses described below, management concluded that the Company’s internal controls were not effective based on financial reporting as of December 31, 2025, based on the COSO framework criteria. Management has identified control deficiencies regarding the lack of segregation of duties. Management of the Company believes that these material weaknesses are due to the small size of the Company’s management and accounting staff and reliance on outside consultants for external reporting. The small size of the Company’s accounting staff may prevent adequate controls in the future and the internal controls may continue to be not effective, such as segregation of duties, due to the cost/benefit of such remediation. To mitigate the current limited resources and limited employees, we rely heavily on direct management oversight of transactions, along with the use of legal and outside accounting consultants. As we grow, we expect to increase our number of employees, which will enable us to implement adequate segregation of duties within the internal control framework. Th [...]
From the controls section of the 10-K filed Mar 31, 2026. Read the full filing on SEC EDGAR.
Company response: BluSky AI Inc. can send a statement or a link to its remediation update to russell@ctrlworx.com. We post it here, unedited and dated.
Filings
| Filed | Form | Period | Controls | Causes | Filing |
|---|---|---|---|---|---|
| Mar 31, 2026 | 10-K | Dec 31, 2025 | Not effective | Segregation of duties; Accounting expertise and resources | EDGAR |
| Apr 1, 2025 | 10-K | Dec 31, 2024 | Not effective | Segregation of duties; Accounting expertise and resources | EDGAR |
| May 2, 2024 | 10-K | Dec 31, 2023 | Not effective | Segregation of duties; Accounting expertise and resources | EDGAR |
| Apr 17, 2023 | 10-K | Dec 31, 2022 | Not effective | Segregation of duties; Accounting expertise and resources | EDGAR |
| Apr 15, 2022 | 10-K | Dec 31, 2021 | Not effective | Segregation of duties; Accounting expertise and resources | EDGAR |
| Apr 15, 2021 | 10-K | Dec 31, 2020 | Not effective | Segregation of duties; Accounting expertise and resources | EDGAR |
Others on the Clock in the same industry
By SEC industry code: 1040, Gold and Silver Ores, then related codes.
- Nevada Canyon Gold Corp. (NGLD) · open since Dec 2020 or earlier
- VERDE RESOURCES, INC. (VRDR) · open since Dec 2020 or earlier
- DEFENSE TECHNOLOGIES INTERNATIONAL CORP. · open since Jan 2021
- Landbay Inc (LNBY) · open since Mar 2021
- NORTHERN MINERALS & EXPLORATION LTD. (NMEX) · open since Jul 2021
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