Company: MYCB
Filing Date: 2025-09-25
Form Type: 10-Q
Source: 0001640334-25-001709
Chunk: 17

Company: My City Builders, Inc.
Filing Date: 2025-09-25
Form: 10-Q
Item: Part I, Item 1
Chunk 17
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 as of and for the period ended April 30, 2025. On April 1, 2025, the Company reallocated the home from inventory for sale to fixed assets and the home was leased for monthly $2,150 starting April 1, 2025.  As of April 30, 2025, and July 31, 2024, homes inventory for sales consist of as follows: Nonmonetary gain recognized of 29 properties $1,530,117 Title cost paid in July 2024  82,888 Balance of 29 properties as of July 31,2024   1,613,005      Cost of restoration and repairs   363,014 Purchased 50% interest and right of one property   41,565 Purchased one home for sales   18,976 Allocation one home to property for lease   (102,765)Balance of 29 properties as of April 30,2025 $1,933,795 

NOTE 5 –REAL ESTATE PROPERTY AND EQUIPMENT, NET As of April 30, 2025, and July 31, 2024, property and equipment consist of as follows;   April 30,  July 31,   2025  2024 Homes $1,926,127  $1,318,062 Lands  214,681   132,708 Construction in progress  260,538   414,407 RV Travel Trailer   13,000   -    2,414,346   1,865,177 Accumulated depreciation  (82,303)  (31,985)  $2,332,043  $1,833,192 

 F-12Table of Contents

During the nine months ended April 30, 2025, three (3) homes were completed. On February 27,2025, the Company acquired one lot land located at 702 Chastain Blvd. Gadsden, AL for amount of $ 77,115.  On April 1, 2025, the Company reallocated one home from inventory for sale with cost of $102,765 to fixed assets and the home was leased for monthly $2,150 starting April 1, 2025.  As of April 30