Company: MYCB
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001640334-25-002067
Chunk: 128

Company: My City Builders, Inc.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 12
Chunk 128
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  $16,277  $4,881,424  $(4,893,332) $4,469  $-  $4,469 

The accompanying notes are an integral part of these consolidated financial statements.

 F-6Table of Contents

My City Builders, Inc.

Consolidated Statements of Cash Flows

  Years Ended   July 31,   2025  2024        CASH FLOWS FROM OPERATING ACTIVITIES:      Net (loss) income  $(498,315) $25,752 Adjustments to reconcile net income (loss) to net cash used in operating activities:        Depreciation  64,181   31,985 Amortization of debt discount   9,561   2,203 Impairment loss on investment  -   947,500 Nonmonetary gain on lawsuit settlement   -   (1,298,696)Bad debts -rental tenant   4,195   - Gain on sales of property  (17,793)  - Loss on disposition of subsidiaries  230,730   - Changes in operating assets and liabilities:        Prepaid expenses   (10,743)  34,858 Accounts receivable   (12,221)  (2,607)Accrued interest income  -   265 Accounts payable and accrued liabilities  (43,232)  (162,283)Rent deposit payable   1,000   - Homes inventory cost for sales  (233,357)  (82,888)Accrued interest - related party   -   3,958 Dividend payable   35,623   - Due from related party   (35,623)  - Due to related parties  1,410   16,889 Net cash used in operating activities  (504,584)  (483,064)         CASH FLOWS FROM INVESTING ACTIVITIES:        Payments for construction   (461,680)  (930,901)Purchases of property and equipment  (89,867)  - Proceeds from sales of property  169,871   - Net cash used in investing