Company: MYCB
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001640334-25-002067
Chunk: 254

Company: My City Builders, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1A
Chunk 254
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 sale of each property by LLC, the Company shall receive $13,000 and the average additional cash capital contribution per property. During the year ended July 31,2024, the Company recognized impairment loss of $947,500.

 16Table of Contents

Balance Sheet Data

  July 31,  July 31,      2025  2024  Change Cash  $2,189  $2,550  $(361)Working capital (deficiency) $4,469  $(61,098) $65,567 Working capital (deficiency) associated with discontinued operations  $-  $125,303  $(125,303)Total current assets $42,812  $2,550  $40,262 Total current assets associated with discontinued operations  $-  $1,633,307  $(1,633,307)Total current liabilities $38,343  $63,648  $(25,305)Current liabilities associated with discontinued operations  $-  $1,508,004  $(1,508,004)Stockholdes' Equity $4,469  $1,161,680  $(1,157,211)

As of July 31, 2025, our current assets were $42,812 and our current liabilities were $38,343 which resulted in working capital of $4,469. As of July 31, 2025, current assets were comprised of $2,189 in cash, $ 5,000 in prepaid expenses, $35,623 in due from related party compared to $2,550 in cash and $1,633,307 in current assets associated with discontinued operations (see below table) as of July 31,2024. 

Cash $17,695 Accounts receivable  2,607 Homes inventory for sales  1,613,005   $1,633,307 

As of July 31, 2025, current liabilities were comprised of $2,720 in accounts payable, $35,623 in dividends payable, compared to $17,126 in accounts payable, $46,522 in due to related parties and $1,508,004 in current liabilities associated with discontinued operations (see blow table) as of July 31,2024. 

Accounts payable and accrued