Company: MYCB
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001640334-25-002067
Chunk: 388

Company: My City Builders, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 2
Chunk 388
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,539 Cash used in investing activities $-  $-   - Cash used in financing activities $(46,522) $-   (46,522)Net change in cash during period $(360) $623   (983)

Cash Flow from Discontinued Operations 

  Years Ended      July 31,      2025  2024  Change Cash used in operating activities $(550,746) $(483,687)  (67,059)Cash used in investing activities $(381,676) $(930,901)  549,225 Cash provided by financing activities $924,366  $1,282,492   (358,126)Net change in cash during period $(8,056) $(132,096)  124,040 

Cash Flows from Operating Activities

We have not generated positive cash flows from operating activities. For the year ended July 31, 2025, net cash flows used in operating activities was $504,584, consisting of a net loss of $498,315, reduced by depreciation expenses of $61,181, amortization of debt discount of $9,541,bad debts-rental tenant of $4,195,loss on disposition of subsidiaries of $230,730,  rent deposit payable of $1,000 , dividends payable of $35,623 and increased by gain on sales of property of $17,793, prepaid expenses of $10,743, accounts receivable of $12,221, accounts payable and accrued liabilities of $43,232, homes inventory cost for sales of $233,357 and due from related party of $35,623.

We have not generated positive cash flows from operating activities. For the year ended July 31, 2024, net cash flows used in operating activities was $483,064, consisting of a net income of $25,752, increased by impairment loss on investment of $947,500, depreciation expenses of $31,985, amortization of debt discount of $2,203, prepaid expenses of $34,858, accrued interest income of $265, accrued interest -related party of $3,958, due to related party of $16,889,and reduced by nonmonetary gain recognition for homes inventory for sales of $1,298,696, accounts payable and accrued liabilities of $162,283, accounts rece