Company: MYCB
Filing Date: 2025-03-17
Form Type: 10-Q
Source: 0001640334-25-000414
Chunk: 61

Company: My City Builders, Inc.
Filing Date: 2025-03-17
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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2024, represent interest expenses -related party of $0 and $12,073 for granted loans, interest expenses of $49,695 and $3,789 for banks borrowings and loan payable to third party and impairment loss on investment of $0 and $947,500, respectively.

Income tax for six months ended January 31, 2025, is related to payment income tax of $1,128 for year ended July 31, 2024. 

Balance Sheet Data

  January 31,  July 31,      2025  2024  Change Cash  $17,349  $20,245  $(2,896)Working capital $1,392,613  $64,205  $1,328,408 Total current assets $1,916,559  $1,635,857  $280,702 Total current liabilities $523,946  $1,571,652  $(1,047,706)Stockholders' Equity $2,724,896  $1,161,680  $1,563,216 

 7Table of Contents

As of January 31, 2025, our current assets were $1,916,559 and our current liabilities were $523,946 which resulted in working capital of $1392,613. As of January 31, 2025, current assets were comprised of $17,349 in cash, $1,124 in accounts receivable, $1,875,367 in homes inventory for sales, compared to $20,245 in cash, $2,607 in accounts receivable, $1,613,005 in homes inventory for sales as of July 31,2024.

As of January 31, 2025, current liabilities were comprised of $66,742 in accounts payable and accrued liabilities, $25,000 loan payable-current portion and $432,204 in bank borrowings, compared to $79,563 in accounts payable and accrued liabilities, $1,106,000 in due to related parties, $25,000 loan payable-current portion, $28,500 in loans payable -related party and $332,589 in bank borrowings as of July 31, 2024.

Cash Flow Data

  Six Months Ended      January 31,      2025  2024  Change