Company: MYCB
Filing Date: 2025-03-17
Form Type: 10-Q
Source: 0001640334-25-000414
Chunk: 36

Company: My City Builders, Inc.
Filing Date: 2025-03-17
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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   1,489   729 Impairment loss on investment  -   947,500 Changes in operating assets and liabilities:        Prepaid expenses   (22,719)  10,000 Accounts receivable   1,483   - Accrued interest income  -   265 Accounts payable and accrued liabilities  (12,821)  (1,878)Deferred rental revenue   -   170 Homes inventory cost for sales  (262,362)  - Accrued interest - related party   -   4,453 Due to related parties  -   16,889 Net cash used in operating activities  (415,348)  (102,645)         CASH FLOWS FROM INVESTING ACTIVITIES:        Payments for construction   (254,015)  (392,554)Purchases of property and equipment  (13,000)  - Net cash used in investing activities  (267,015)  (392,554)         CASH FLOWS FROM FINANCING ACTIVITIES:        Proceeds from bank borrowing  102,534   264,998 Repayment of bank borrowing  (4,567)  - Repayment of loans payable - related party   (28,500)  - Advances from related parties  835,000   457,700 Repayments to related parties  (225,000)  (345,811)Net cash provided by financing activities  679,467   376,887          Net change in cash  (2,896)  (118,312)Cash, beginning of period  20,245   151,718 Cash, end of period $17,349  $33,406          Supplemental cash flow information        Cash paid for interest $52,553  $24,172 Cash paid for taxes $1,128  $-          Supplemental non-cash investing and financing activity:        Recognition of loans payable as debt discount  $-  $26,877 Issuance of loan agreements in exchange with due to related party  $-  $500,000 Common stock issued