My City Builders Reports Decreased Net Loss and Significant Asset Growth

My City Builders, Inc. reported a net loss of $32,137 for the three months ending October 31, 2025, a decrease from a net loss of $74,485 during the same period in 2024. The company did not generate any revenue during this quarter, maintaining the same trend as the previous year. Operating expenses totaled $32,137, which included $1,590 in general and administrative costs and $30,547 in professional fees. The reduction in net loss indicates a potential improvement in operational efficiency, as total operating expenses decreased from $37,817 in the prior year.

The company's financial position has changed significantly since the previous fiscal period. As of October 31, 2025, total assets increased to $375,832, compared to $42,812 on July 31, 2025. This increase is primarily attributed to the acquisition of 4 acres of land in Glencoe, Alabama, for $350,000, which was financed through a secured promissory note. Current liabilities also rose to $403,500 from $38,343, largely due to the new promissory note and an increase in accounts payable and accrued liabilities.

In terms of strategic developments, My City Builders has undergone significant organizational changes, including the sale of its wholly owned subsidiary, RAC Real Estate Acquisition Corp., for a total purchase amount of $2,374,896. This transaction was completed on July 8, 2025, and resulted in a loss on the sale of subsidiaries amounting to $230,730. The company is now focusing on real estate transactions aimed at developing low-income housing, with plans to construct up to 25 multi-family units on the newly acquired land.

Operationally, the company has not reported any customer counts or user statistics, as it has not generated revenue from its current business activities. The employee headcount remains unchanged at 16,276,686 shares of common stock issued and outstanding. The company’s accumulated deficit has increased to $4,925,469, reflecting ongoing financial challenges. The management has indicated that additional capital resources will be necessary to continue operations and develop its business plan.

Looking ahead, My City Builders has acknowledged the need for further financing to support its operational and capital expenditure requirements. The company plans to pursue equity financing arrangements, although it recognizes that its ability to raise significant funds may be limited until it actively engages in business operations. The management has expressed uncertainty regarding its capacity to operate profitably, which raises substantial doubt about the company's ability to continue as a going concern.