Company: MYCB
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001640334-25-002067
Chunk: 541

Company: My City Builders, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 5
Chunk 541
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)  (131,473)Cash, beginning of period  20,245   151,718 Cash, end of period $11,829  $20,245          Supplemental cash flow information        Cash paid for interest $101,009  $71,671 Cash paid for taxes $1,128  $-          Supplemental non-cash investing and financing activity:        Recognition of loans payable as debt discount  $-  $26,877 Issuance of loan agreements in exchange with due to related party  $-  $471,500 Common stock issued for settlement of debt $1,716,000  $2,850,000 Assignment of debts between two related parties  $-  $500,000 Reclassified home inventory cost to property and equipment $102,765  $- Issuance note payable for acquisition of land  $-  $50,000 Sales of subsidiaries  $2,374,896  $- Settlement sales of subsidiaries with dividend payable  $2,339,273  $- 

The accompanying notes are an integral part of these consolidated financial statements.

 F-7Table of Contents

My City Builders, Inc.

Notes to Consolidated Financial Statements

NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS My City Builders, Inc. (the “Company” or “My City Builders”) is a Nevada corporation incorporated on October 26, 2010 under the name Oconn Industries Corp. The Company’s name was changed on March 11, 2014 from Oconn Industries Corp. to Diamante Minerals, Inc., and to iMine Corporation on March 20, 2018 and to My City Builders, Inc on January 31, 2023. In July 2022, the Company acquired RAC Real Estate Acquisition Corp, a Wyoming Corporation ("RAC"). RAC is now a wholly owned subsidiary of the Company. The Company, through RAC, plans to focus on real estate transactions, in which the Company will buy and develop real estate for sale or rent of low-income housing. The Company plans to invest in three sectors of this market by (i) buying, refurbishing and selling traditional foreclosures, (ii) buying, developing and renting “Land Banks” that have an average pool