Company: MYCB
Filing Date: 2025-09-25
Form Type: 10-Q
Source: 0001640334-25-001709
Chunk: 92

Company: My City Builders, Inc.
Filing Date: 2025-09-25
Form: 10-Q
Item: Part II, Item 8
Chunk 92
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 for year ended July 31, 2024.

 7Table of Contents

Balance Sheet Data

  April 30,  July 31,      2025  2024  Change Cash  $15,813  $20,245  $(4,432)Working capital  $1,523,883  $64,205  $1,459,678 Total current assets $1,975,564  $1,635,857  $339,707 Total current liabilities $451,681  $1,571,652  $(1,119,971)Stockholders’ Equity  $2,662,629  $1,161,680  $1,500,949 

As of April 30, 2025, our current assets were $1,975,564 and our current liabilities were $451,681 which resulted in working capital of $1,523,883. As of April 30, 2025, current assets were comprised of $15,813 in cash, $4,363 in accounts receivable, $21,593 in prepaid expenses, $1,933,795 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 April 30, 2025, current liabilities were comprised of $36,908 in accounts payable and accrued liabilities, $1,000 in rent deposit , $25,000 in loan payable current portion, $298,500 in due to related party and $90,273 in bank borrowings, compared to $79,563 in accounts payable and accrued liabilities, $1,106,000 in due to related parties, $25,000in  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

  Nine Months Ended      April 30,      2025  2024  Change Cash used in operating activities $(644,036) $(172,366) $(471,670)Cash used in investing activities $(446,403) $(657,754) $211,351 Cash provided by financing activities