Welcome to our dedicated page for My City Builders SEC filings (Ticker: MYCB), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
My City Builders, Inc. filings document material 8-K events for a Nevada public company with real estate asset activity. The records describe an asset purchase for land in Glencoe, Alabama, the secured promissory note used as consideration, related-party ownership and officer/director affiliations, and obligations tied to the acquired property.
The company’s filings also disclose unregistered sales of common stock to accredited investors, restricted securities treatment under Rule 144, reliance on Securities Act exemptions, capital-raising proceeds, and governance information relevant to its capital structure and public-company reporting.
My City Builders, Inc. reports no revenue from continuing operations for the three and six months ended January 31, 2026, and a net loss from continuing operations of $62,107 for the quarter and $94,244 for the six-month period. Results exclude the former rental real estate business, which was sold in 2025 and is presented as discontinued operations.
Total assets rose to $399,286, driven by acquisition of four acres of land in Glencoe, Alabama recorded at $350,000, financed with a related-party promissory note bearing 9.5% interest and maturing on October 30, 2028. The company ended the period with cash of $14,823, current assets of $49,286, current liabilities of $56,561, and a working capital deficit of $7,275, alongside an accumulated deficit of $4,987,576.
Management plans to develop up to 25 multifamily units on the Glencoe land, beginning with an 8‑unit duplex phase, but construction depends on securing financing. The company estimates it needs about $125,000 for corporate costs and about $1,250,000 in new equity over the next twelve months to support a construction loan. The filing highlights substantial doubt about the company’s ability to continue as a going concern, significant reliance on related-party funding, a $350,000 related-party secured note tied to development milestones, and material weaknesses in internal control over financial reporting.
My City Builders, Inc. reported no revenue and a net loss of $32,137 for the quarter ended October 31, 2025, slightly better than the prior year’s $74,485 loss largely because discontinued operations are no longer included. Operating expenses from continuing operations were modest at $32,137, mainly professional fees, reflecting an early-stage development company rather than an active revenue producer.
The balance sheet is very small: total assets were $375,832, driven by a new $350,000 purchase of four acres of land in Glencoe, Alabama, financed entirely by a related-party promissory note at 9.5% interest, due in 2028. Total liabilities of $403,500 left a stockholders’ deficit of $27,668 and cash of only $2,099. Management discloses substantial doubt about the company’s ability to continue as a going concern, estimating it needs about $125,000 for basic corporate costs and roughly $1,250,000 in equity to support construction financing. After quarter-end, it raised $82,500 by selling 1,650,000 shares. The company also reports material weaknesses in internal controls due to limited staff and reliance on outside consultants.
My City Builders, Inc. reported that on December 1, 2025 it completed a private placement of 1,650,000 shares of common stock. The shares were sold at $0.05 per share, providing the company with gross proceeds of $82,500, all of which has been received by the company.
The sale was conducted as an unregistered offering under Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D to two accredited investors. The investors confirmed they were accredited and acquiring the shares for investment purposes, and there was no general solicitation or advertising. The shares are issued as restricted securities under Rule 144, limiting their resale, and no underwriting discounts or commissions were paid in connection with the transaction.
My City Builders, Inc. filed its annual report for the year ended July 31, 2025. The company reported a net loss of $498,315 and disclosed a going‑concern uncertainty. At July 31, 2025, cash was $2,189 with working capital of $4,469.
On July 8, 2025, the company sold 100% of RAC Real Estate Acquisition Corp. to RAC Merger LLC for $2,374,896, recognizing losses from discontinued operations of $162,513 and a disposal loss of $230,730. The board approved dividends of $2,374,896; $2,339,273 was settled via receivable and $35,623 remained payable.
Subsequently, on October 31, 2025, the company acquired 4 acres in Glencoe, Alabama via a 3‑year secured note of $350,000 at 9.5% and plans up to 25 multi‑family units, stating it is no longer a shell company. As of October 31, 2025, shares outstanding were 16,276,686.
My City Builders, Inc. entered a related‑party Asset Purchase Agreement to acquire 4 acres in Glencoe, Alabama in exchange for a secured promissory note of $350,000 at 9.5% interest with a 3‑year term, with principal and interest due on October 30, 2028. The seller, RAC Gadsden, LLC, is wholly owned within the RAC structure that owns 98.5% of the Company and is managed by Company officers/directors, highlighting affiliate involvement.
The Company plans up to 25 multi‑family units in three phases, starting with an 8‑unit duplex development. If construction of the duplex does not begin within one year of the closing date, it constitutes an Event of Default that may trigger immediate payment of all amounts due or a return of the property to the seller. The Company also reported it is no longer a “shell company” under Rule 12b‑2.