Company: MYCB
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001640334-25-002067
Chunk: 17

Company: My City Builders, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1
Chunk 17
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 disposal of two entities of RAC Real Estate Acquisition Corp. and RAC Gadsden LLC. As result of discontinued operations, the Company recognized loss from discontinued operations of $162,513 and loss on disposal of two entities of $230,730. 

Result of operations

The following summary of our results of operations should be read in conjunction with our audited consolidated financial statements for the years ended July 31, 2025, and 2024, which are included herein.

Our operating results for the years ended July 31, 2025, and 2024, and the changes between those periods for the respective items are summarized as follows:

  Years Ended      July 31,      2025  2024  Change Revenue $-  $-  $- Operating expenses  103,944   159,404   (55,460)Income tax  1,128   -   1,128 Loss from continuing operations  105,072   159,404   (54,332)             Loss from discontinued operations  162,513   (185,156)  341,019 Loss on disposal of subsidiaries  230,730   -   247,904 Loss (income) from discontinued operations  393,243   (185,156)  588,923              Net loss (income) $498,315  $(25,752) $534,591 

Continued Operations

For the years ended July 31, 2024, and 2025, we did not generate revenue from operations activities. 

We had a net loss of $105,072 and $ 159,404 for the years ended July 31, 2025, and 2024, respectively. The decrease in net loss of $54,332 was primarily attributed to a reduction in operating expenses of $55,460, offset by an increase in income tax of $1.128. 

Operating expenses for the years ended July 31, 2025, and 2024 were $103,944 and $159,404, respectively. For the years ended July 31, 2025, and 2024, the operating expenses were primarily attributed to professional fees of $100,084 and $159,028, general and administrative expenses of $3,860 and $376, respectively.