Company: MYCB
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001640334-25-002067
Chunk: 167

Company: My City Builders, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 13
Chunk 167
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s 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 Cash, end of period $9,639  $17,695          Supplemental cash flow information        Cash paid for interest $101,009  $71,671 Cash paid for taxes $-  $-          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 

 F-15Table of Contents

NOTE 5 - RELATED PARTY TRANSACTIONS 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. RAC Merger is owned by certain shareholders, officers and directors of the Company or its wholly owned subsidiary,