Company: MYCB
Filing Date: 2025-09-25
Form Type: 10-Q
Source: 0001640334-25-001709
Chunk: 6

Company: My City Builders, Inc.
Filing Date: 2025-09-25
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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 413,061 Repayment of bank borrowing  (369,683)  - Repayment of loans payable - related party   (28,500)  - Advances from related parties  1,249,200   682,700 Repayments to related parties  (340,700)  (395,811)Net cash provided by financing activities  1,086,007   699,950          Net change in cash  (4,432)  (130,170)Cash, beginning of period  20,245   151,718 Cash, end of period $15,813  $21,548          Supplemental cash flow information        Cash paid for interest $81,213  $49,166 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  $-  $500,000 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  $- 

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

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My City Builders, Inc.

Notes to Unaudited Condensed 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