Company: MYCB
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001640334-25-002067
Chunk: 138

Company: My City Builders, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 12
Chunk 138
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25,000 Due to My City Builders, Inc.  3,927,391   2,382,029 Loans payable, related party   -   28,500 Due to related parties  118,910   1,059,478 Bank borrowings - current portion, net   90,830   332,589 Total current liabilities from discontinued operations  4,196,740   3,890,033          Bank borrowings, net   1,140,882   710,717 Loan payable   25,000   25,000 Total liabilities from discontinued operations $5,362,622  $4,625,750 

 F-13Table of Contents

The following is a summary of discontinued operations for the period ended July 8, 2025, and the year ended July 31, 2024:   July 8,  July 31,    2025  2024 Revenues      Sales inventory homes $269,930  $- Rental income  121,624   59,300 Total revenues from discontinued operations  391,554   59,300 Operating expenses:        Cost of sold -inventory home  294,136   - Cost of rental homes  31,131   13,971 Depreciation  64,181   31,985 General and administrative  53,626   55,398 Professional fees  26,051   76,912 Total operating expenses from discontinued operations $469,125  $178,266          Loss from discontinued operations  (77,571)  (118,966)         Other income and expense:        Impairment loss on investment  -   (947,500)Interest expense - related party  2,351   (27,795)Interest expense  (100,891)  (19,279)Gain on sales of property  17,793   - Bad debt-rental tenant  (4,195)  - Nonmonetary gain  -   1,298,696 Total other (loss) income from discontinued operations $(84,942) $304,122          (Loss) Income before income taxes