Company: MYCB
Filing Date: 2025-09-25
Form Type: 10-Q
Source: 0001640334-25-001709
Chunk: 83

Company: My City Builders, Inc.
Filing Date: 2025-09-25
Form: 10-Q
Item: Part II, Item 8
Chunk 83
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, 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 receivable The rental properties are managed by a management company, therefore 100% of accounts receivable of $4,363 and $2,607 is related to one customer on April 30, 2025, and July 31, 2024, respectively.

 F-17Table of Contents

NOTE 12 - SUBSEQUENT EVENTS Management has evaluated subsequent events through the date these financial statements were available to be issued. Based on our evaluation no material events have occurred that require disclosure, except as follows The Company sold the following homes:  Category    Property    Date    Sales     Payoff loan   Fixed assets   604 Blythe   6/5/2025 $191,000  $128,758 Inventory for sale   526 Spring Garden -Toledo   5/9/2025 $106,000  $- Inventory for sale   340 Cooledge -Wadley   8/5/2025 $138,000  $- Inventory for sale   653 Fair Rd -Sidney   6/2/2025 $169,000  $-  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. At the time of the transaction, RAC Mer