Company: MYCB
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001640334-25-002067
Chunk: 18

Company: My City Builders, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1
Chunk 18
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 15Table of Contents

Discontinued Operations

  Years Ended       July 31      2025  2024  Change Revenue $391,554  $59,300  $(332,254)Operating expenses  469,125   178,266   290,861 Other (income) expenses   84,942   (304,122)  389,064 Net loss (income) from discontinued operations   162,513   (185,156)  347,671              Loss on sale of subsidiaries  230,730   -   230,730 Net loss (income) from sales of subsidiaries $393,243  $(185,156) $578,401 

For the years ended July 31, 2025, and 2024, we generated revenue from rent income of $ 121,624 and $59,300 and sales of inventory homes of $269,930 and $0, respectively.

We had a net loss of $393,243 for the year ended July 31, 2025, and net income of $185,156 for the year ended July 31, 2024. The increase in net loss of $578,401 was primarily attributed to an increase in operating expenses of $290,861, other expenses of $389,064, loss on sales of subsidiaries of $230,730, offset by an increase in revenue of $332,254. 

Operating expenses for the years ended July 31, 2025, and 2024 were $469,125 and $178,266, respectively. For the years ended July 31, 2025, and 2024, the operating expenses were primarily attributed to cost of selling inventory homes of $ 294,136 and $0, professional fees of $26,051 and $76,912, general and administrative expenses of $53,626 and $55,398, depreciation expenses of $64,181 and $31,985, cost of rental homes of $31,131 and $13,971, respectively. The cost of rental homes was for rented homes such as lawncare, maintenance and repairs, management fees, utilities, insurance and property taxes.

Other income and expenses for the years ended July 31, 2025, and 2024, represent impairment loss on investment of $0 and  $947,500, interest