Company: MYCB
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001640334-25-002067
Chunk: 54

Company: My City Builders, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1
Chunk 54
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Cash, end of period $9,639  $17,695          Supplemental cash flow information        Cash paid for interest $101,009  $71,671 Cash paid for taxes $-  $-          Supplemental non-cash investing and financing activity:        Recognition of loans payable as debt discount  $-  $26,877 Issuance of loan agreements in exchange with due to related party  $-  $471,500 Common stock issued for settlement of debt $1,716,000  $2,850,000 Assignment of debts between two related parties  $-  $500,000 Reclassified home inventory cost to property and equipment $102,765  $- Issuance note payable for acquisition of land  $-  $50,000 

 F-15Table of Contents

NOTE 5 - RELATED PARTY TRANSACTIONS On July 8, 2025, the Company and RAC Merger LLC (“RAC Merger”) entered into a share purchase agreement in order to sell 100% issued and outstanding shares of RAC Real Estate Acquisition Corp., to RAC Merger for a total purchase amount of $2,374,896. RAC Merger is owned by certain shareholders, officers and directors of the Company or its wholly owned subsidiary, RAC Real Estate Acquisition Corp.  During the period ended July 31, 2025, RAC Merger as a majority shareholder of the Company, was paid it a part of purchase price in the form of the property it received which equaled the amount $2,339,273. As of July 31, 2025, RAC Merger owned to the Company for amount of $35,623 to be distributed as a dividend to the remaining minority shareholders of the Company.  

NOTE 6 - EQUITY Authorized Preferred Stock The Company has authorized 10,000,000 shares of preferred stock at par value of $0.001 per share. Series A Preferred stock  The Company has designated 100,000 shares of preferred stock at par value of $0.001 per share.  ·The Series A Preferred Shares share in any dividends pari passu with the holders of common stock;    ·The Series A Preferred Shares have a liquidation preference equal to $10