Company: MYCB
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001640334-25-002067
Chunk: 258

Company: My City Builders, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1A
Chunk 258
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 and repairs, management fees, utilities, insurance and property taxes.

Commitments and Contingencies

The Company follows ASC 450-20, “Loss Contingencies”, to report accounting for contingencies. Liabilities for loss contingencies arising from claims, assessments, litigation, fines and penalties and other sources are recorded when it is probable that a liability has been incurred and the amount of the assessment can be reasonably estimated.

Recent Accounting Pronouncements

The Company has implemented all new pronouncements that are in effect and that may impact its consolidated financial statements and does not believe that there are any other new accounting pronouncements that have been issued that might have a material impact on its consolidated financial statements or results of operations.

Nonmonetary Transactions

The Company follows ASC 450, “Non-Monetary Transactions” and considers ASC 450-30 “Contingencies”, to report accounting for recognition homes inventory for sales and nonmonetary gain on settlement of lawsuit.

 19Table of Contents

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As a smaller reporting company, we have elected not to provide the information required by this item.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

The following financial statements are being filed with this report and are located immediately following the signature page.

Financial Statements, July 31, 2025

 ·Report of Independent Registered Public Accounting Firm    ·Consolidated Balance Sheets at July 31, 2025, and 2024    ·Consolidated Statements of Operations for the years ended July 31, 2025, and 2024    ·Consolidated Statements of Changes in Stockholders’ Equity (Deficit) for the years ended July 31, 2025, and 2024    ·Consolidated Statements of Cash Flows for the years ended July 31, 2025, and 2024    ·Notes to Consolidated Financial Statements

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

On February 26, 2024, we engaged TPS Thayer, LLC - Certified Public Accountants (“TPS”) as our new independent accountants.  During our two most recent fiscal years ended July 31, 2023, and through the date of Form 8-K, neither we, nor anyone on our behalf, has