My City Builders, Inc. (MYCB) Form 10-Q — Jun 5, 2026
My City Builders, Inc. (MYCB) reported a net loss of $117,509 for the nine months ended April 30, 2026, with no revenue from continuing operations following the sale of its primary subsidiary, RAC Real Estate Acquisition Corp. The company holds only $2,921 in cash and faces a working capital deficit of $30,540, relying heavily on related-party advances to fund operations. The filing includes a going-concern warning, stating that substantial doubt exists regarding the company's ability to continue as a going concern.
Key figures
- Total Debt
- 419634
- Cash Position
- 2921
- Shares Outstanding
- 17926686
- Promissory Note Amount
- 350000
- Private Offering Shares
- 1650000
- Promissory Note Maturity
- 2028-10-30
- Private Offering Proceeds
- 82500
- Promissory Note Interest Rate
- 9.5%
AI analysis
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