Company: MYCB
Filing Date: 2025-03-17
Form Type: 10-Q
Source: 0001640334-25-000414
Chunk: 53

Company: My City Builders, Inc.
Filing Date: 2025-03-17
Form: 10-Q
Item: Part I, Item 1
Chunk 53
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 and July 31, 2024, the Company had 100,000 shares of preferred stock issued and outstanding. Authorized Common Stock The Company has authorized 300,000,000 shares of common stock at par value of $0.001 per share. Each share of common stock entitles the holder to one vote on any matter on which action of the stockholders of the corporation is sought. During the six months ended January 31, 2025, the Company issued 4,290,000 shares for the settlement of due to a related party of $1,716,000. As of January 31, 2025, and July 31, 2024, the Company had 16,276,686 shares and 11,986,686 shares of common stock issued and outstanding, respectively.

 F-16Table of Contents

NOTE 11 – CONCENTRATION As of January 31, 2025, and July 31, 2024, and for six months ended January 31, 2025, and 2024, customer concentrations (more than 10%) were as follows: Revenue -rental income   Percentage of Revenue   For Six Months ended    January 31,   2025  2024  Tenant A   11.94%  14.28% Tenant B   2.47%  32.11% Tenant C   4.01%  38.01% Tenant D   13.57%  15.60% Tenant E   13.92%  -  Tenant F   13.74%  -  Tenant G   14.11%  -  Tenant H   13.03%  -          Total (as a group)  86.78%  100.00% Accounts receivable The rental properties are managed by a management company, therefore 100% of accounts receivable is related to one customer on January 31, 2025 and July 31, 2024.

NOTE 12 - SUBSEQUENT EVENTS Management has evaluated subsequent events through the date these financial statements were available to be issued. Based on our evaluation no material events have occurred that require disclosure, except as followsOn February 27,2025, the Company acquired a piece of land for construction