Company: MYCB
Filing Date: 2025-09-25
Form Type: 10-Q
Source: 0001640334-25-001709
Chunk: 32

Company: My City Builders, Inc.
Filing Date: 2025-09-25
Form: 10-Q
Item: Part I, Item 1
Chunk 32
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2025, and 2024, we generated revenue from rent income of $34,961 and $15,877, respectively.

We had a net loss of $62,267 for the three months ended April 30, 2025, and $81,368 for the three months ended April 30, 2024. The decrease in net loss of $19,101 was due to a decrease in operating expenses of $13,298 and an increase   in other expenses of $13,281 offset by an increase in revenue of $19,084.

Operating expenses for the three months ended April 30, 2025, and 2024 were $67,437 and $80,735, respectively. For the three months ended April 30, 2025, and 2024, the operating expenses were primarily attributed to professional fees of $22,259 and $47,996, general and administrative expenses of $15,127 and $22,624, depreciation expenses of $17,951 and $8,620, and cost of rental homes of $12,100 and $1,495 respectively. The cost of rental homes was for rented homes such as lawncare, maintenance and repairs, management fees, utilities, insurance and property taxes. 

Other expenses for the three months ended April 30, 2025, and 2024, represent interest expenses -related party of $0 and $10,989 for granted loans, interest expenses of $29,791 and $5,521 for banks borrowings and loan payable to third party, respectively.

Nine Months Ended April 30, 2025, compared to the Nine Months ended April 30,2024

  Nine Months Ended      April 30,      2025  2024  Change Revenue $90,232  $35,645  $(54,587)Operating expenses  224,669   230,184   (5,515)Other expenses   79,486   979,872   (900,386)Income tax   1,128   -   1,128 Net loss  $215,051  $1,174,411  $(959,360)

For the nine months ended April 30, 2025, and 2024, we generated revenue from rent income of $90,232 and $35,645, respectively.

We had a net loss