Company: MYCB
Filing Date: 2025-09-25
Form Type: 10-Q
Source: 0001640334-25-001709
Chunk: 24

Company: My City Builders, Inc.
Filing Date: 2025-09-25
Form: 10-Q
Item: Part I, Item 1
Chunk 24
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 to 10 votes on any matter presented to the holders of the Common Stock:    ·The Series A Preferred Shares have the right to convert into shares of Common Stock at a 25% discount to the next financing of $1,000,000 or more, subject to adjustment for stock splits or combinations, dividends and distributions of Common Shares, reorganizations, mergers or consolidations, or for issuance of shares of common stock below the conversion price:    ·The Company has no right to redeem the shares; and

 F-16Table of Contents

As of April 30, 2025, 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 nine months ended April 30, 2025, the Company issued 4,290,000 shares for the settlement of due to a related party of $1,716,000. As of April 30, 2025, and July 31, 2024, the Company had 16,276,686 shares and 11,986,686 shares of common stock issued and outstanding, respectively.

NOTE 11 – CONCENTRATION As of April 30, 2025, and July 31, 2024, and for nine months ended April 30, 2025, and 2024, customer concentrations (more than 10%) were as follows: Revenue -rental income   Percentage of Revenue   For Nine Months ended    April 30,   2025  2024 Tenant A  10.97%  17.18%Tenant B  1.51%  28.61%Tenant C  6.61%  31.89%Tenant D  12.47%  19.17%Tenant E  11.79%  3.16%Tenant F  12.79%  - Tenant G  12.80%  - Tenant H  12.05%  -    80.98%  100.00% Accounts