Company: MYCB
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001640334-25-002067
Chunk: 91

Company: My City Builders, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 11
Chunk 91
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31, 2025, July 8, 2025, and July 31, 2024, the Company had due to related parties of $0, $117,500 and $1,106,000, respectively.

Director Independence

Our securities are not listed on a national securities exchange or in an inter-dealer quotation system which has requirements that directors be independent. As a result, we have adopted the independence standards of the NYSE American (formerly known as the American Stock Exchange and more recently the NYSE MKT) to determine the independence of our directors. These standards provide that a person will be considered an independent director if he or she is not an officer of the Company and is, in the view of the Company’s Board of Directors, free of any relationship that would interfere with the exercise of independent judgment. Our Board of Directors has determined that we have no independent directors.

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ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

The following table shows the fees that were billed for the audit and other services provided by our principal auditor, for the periods presented, as follows:

  Year Ended July 31,   2025  2024 Audit fees $45,000  $45,000 Audit-related fees  -   - Tax fees  -   - All other fees  -   - 

Audit fees consist of fees related to professional services rendered in connection with the audit of our annual financial statements.

All other fees relate to professional services rendered in connection with our registration statement.

Our policy is to pre-approve all audit and permissible non-audit services performed by the independent accountants. These services may include audit services, audit-related services, tax services and other services. Pre-approval is generally provided for particular services or categories of services, including planned services, project based services and routine consultations. In addition, the Company may also pre-approve particular services on a case-by-case basis. Our board approved all services that our independent accountants provided to us in the past two fiscal years.

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PART IV

ITEM 15. EXHIBITS

EXHIBIT

Exhibit   Incorporated by Reference FiledNumber Exhibit Description Form File No. Exhibit Filing Date Herewith2.1 Agreement and plan of reorganization dated July 1, 2022, between the Company and R