Company: MYCB
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001640334-25-002067
Chunk: 53

Company: My City Builders, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1
Chunk 53
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   9,561   2,203 Impairment loss on investment  -   947,500 Nonmonetary gain on lawsuit settlement   -   (1,298,696)Bad debts -rental tenant   4,195   - Gain on sales of property  (17,793)  - Changes in operating assets and liabilities:        Prepaid expenses   (5,743)  10,000 Accounts receivable   (12,221)  (2,607)Accrued interest income  -   265 Accounts payable and accrued liabilities  (28,828)  (127,022)Rent deposit payable   1,000   - Homes inventory cost for sales  (233,357)  (82,888)Accrued interest - related party   -   3,958 Due to related parties  (169,228)  (153,541)Net cash used in operating activities for discontinued operations  (550,746)  (483,687)         CASH FLOWS FROM INVESTING ACTIVITIES FOR DISCONTINUED OPERATIONS:        Payments for construction   (461,680)  (930,901)Purchases of property and equipment  (89,867)  - Proceeds from sales of property  169,871   - Net cash used in investing activities for discontinued operations  (381,676)  (930,901)         CASH FLOWS FROM FINANCING ACTIVITIES FOR DISCONTINUED OPERATIONS:        Proceeds from bank borrowing  696,344   570,165 Repayment of bank borrowing  (517,500)  (562)Repayment of loans payable - related party   (28,500)  - Advances from related parties  1,302,700   1,108,700 Repayments to related parties  (528,678)  (395,811)Net cash provided by financing activities for discontinued operations  924,366   1,282,492          Net change in cash  (8,056)  (132,096)Cash, beginning of period  17,695   149,791