Company: MYCB
Filing Date: 2025-10-29
Form Type: NT 10-K
Source: 0001640334-25-001895
Chunk: 2

Company: My City Builders, Inc.
Filing Date: 2025-10-29
Form: NT 10-K
Chunk 2
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atively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

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Narrative Explanation of Anticipated Change in Results of Operations

It is anticipated that a significant change in the results of operations from the corresponding period of the prior fiscal year will be reflected in the earnings statements included in this report. The change primarily arises from the disposition of two subsidiary companies, which materially impacted both the balance sheet and income statement of the Company.

1. Overview of Disposition Impact

During the fiscal year ended July 31, 2025, the Company completed the disposition of two subsidiaries that had previously contributed to its operational revenues and asset base. The sale and related elimination of these entities resulted in a substantial reduction in total assets and liabilities, as well as the cessation of key revenue-generating activities related to sales and rental of inventory homes.

2. Quantitative Analysis of Financial Position

The disposition materially reduced the Company’s financial position as follows:

| Balance Sheet Summary     |     | Before Disposition |           |     | After Disposition |        |
|:--------------------------|:----|:-------------------|----------:|:----|:------------------|-------:|
| Total Current Assets      |     | $                  | 1,776,802 |     | $                 | 42,812 |
| Total Assets              |     | $                  | 4,048,047 |     | $                 | 42,812 |
| Total Current Liabilities |     | $                  |   265,421 |     | $                 | 48,867 |
| Total Liabilities         |     | $                  | 1,431,302 |     | $                 | 48,867 |

3. Comparative Operating Results (Before Elimination of Subsidiaries)

For the year ended July 31, 2025, revenues totaled $391,554, compared to $59,300 for the year ended July 31, 2024, primarily due to inventory home sales and increased rental income. However, total operating expenses rose to $566,418 (2025) from $337,670 (2024), resulting in a net loss of $260,935 versus net income of $25,752 in the prior year. This loss was mainly attributable to increased cost of sales and professional fees incurred prior to the disposition.

4. Continuing Operations (Post-Disposal)

Following the disposition, the Company’s continuing operations reflect minimal activity, limited