Company: MYCB
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001640334-25-002067
Chunk: 139

Company: My City Builders, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 12
Chunk 139
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   (162,513)  185,156          Income taxes  -   - (Loss) Income from discontinued operation $(162,513) $185,156          Loss on sale of subsidiaries  (230,730)  - (Loss) Income from discontinued operation, net of tax $(393,243) $185,156 

 F-14Table of Contents

The following is a summary of discontinued cash flows for the period ended July 8, 2025, and the year ended July 31,2024:   July 8,  July 31,   2025  2024        CASH FLOWS FROM OPERATING ACTIVITIES FOR DISCONTINUED OPERATIONS:      Net (loss) income  $(162,513) $185,156 Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:        Depreciation  64,181   31,985 Amortization of debt discount   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)