Company: MYCB
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001640334-25-002067
Chunk: 51

Company: My City Builders, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1
Chunk 51
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 related parties   118,910 Accounts payable and accrued liabilities  34,609 Total liabilities  $1,435,231      Net assets $2,605,626      Loss on sale of subsidiaries  $(230,730)

 F-12Table of Contents

The following is a summary of the assets and liabilities of the Company’s discontinued operations at July 8, 2025 and July 31, 2024:   July 8,  July 31,   2025  2024 Cash $9,639  $17,695 Prepaid expenses  5,743   - Accounts receivable  10,633   2,607 Homes inventory for sales   1,743,597   1,613,004 Total current assets from discontinued operations  1,769,612   1,633,306          Property and equipment  2,271,245   1,833,192 Total assets from discontinued operations $4,040,857  $3,466,498          Accounts payable and accrued liabilities  33,609   62,437 Rent deposit payable   1,000   - Loan payable - current portion   25,000   25,000 Due to My City Builders, Inc.  3,927,391   2,382,029 Loans payable, related party   -   28,500 Due to related parties  118,910   1,059,478 Bank borrowings - current portion, net   90,830   332,589 Total current liabilities from discontinued operations  4,196,740   3,890,033          Bank borrowings, net   1,140,882   710,717 Loan payable   25,000   25,000 Total liabilities from discontinued operations $5,362,622  $4,625,750 

 F-13Table of Contents

The following is a summary of discontinued operations for the period ended July 8, 2025, and the year ended July 31, 2024:   July 8,  July 31,    2025  2024 Revenues      Sales inventory homes $269,930