Company: MYCB
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001640334-25-002067
Chunk: 606

Company: My City Builders, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 7
Chunk 606
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8,056) $(132,096)  124,040 

Cash Flows from Operating Activities

We have not generated positive cash flows from operating activities. For the year ended July 31, 2025, net cash flows used in operating activities was $504,584, consisting of a net loss of $498,315, reduced by depreciation expenses of $61,181, amortization of debt discount of $9,541,bad debts-rental tenant of $4,195,loss on disposition of subsidiaries of $230,730,  rent deposit payable of $1,000 , dividends payable of $35,623 and increased by gain on sales of property of $17,793, prepaid expenses of $10,743, accounts receivable of $12,221, accounts payable and accrued liabilities of $43,232, homes inventory cost for sales of $233,357 and due from related party of $35,623.

We have not generated positive cash flows from operating activities. For the year ended July 31, 2024, net cash flows used in operating activities was $483,064, consisting of a net income of $25,752, increased by impairment loss on investment of $947,500, depreciation expenses of $31,985, amortization of debt discount of $2,203, prepaid expenses of $34,858, accrued interest income of $265, accrued interest -related party of $3,958, due to related party of $16,889,and reduced by nonmonetary gain recognition for homes inventory for sales of $1,298,696, accounts payable and accrued liabilities of $162,283, accounts receivable of $2,607, homes inventory cost for sales of $82,888.

Cash Flows from Investing Activities

For the year ended July 31, 2025, the Company used $461,680 for construction payments, $89,867 for purchase of one RV travel trailer and one land in Gadsden and received $169,871 from sales of one home. 

For the year ended July 31, 2024, the Company used $930,901 for payments of construction.

Cash Flows from Financing Activities

For the year ended July 31, 2025, the Company received advances from a related party of $1,302,700, bank borrowings of $696,344 and repaid loans payable -related party of $28,500, bank borrowings of $517,500 and