$MYCB
My City Builders, Inc. Stock $mycb

$mycb Overview Financials Valuation SEC Filings Company Website

2023 Q4 Form 10-K Financial Statement

#000164033423002133 Filed on November 14, 2023

Income Statement

Concept	2023 Q4	2023
Revenue	$3.950K	$49.19K
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$5.928K	$0.00
YoY Change
% of Gross Profit
Operating Expenses	$73.27K	$202.5K
YoY Change	101.0%	731.47%
Operating Profit	-$69.32K	-$153.3K
YoY Change	212.29%
Interest Expense	$0.00	$0.00
YoY Change	-100.0%	-100.0%
% of Operating Profit
Other Income/Expense, Net	-$9.258K	-$1.869M
YoY Change
Pretax Income	-$78.58K	-$2.023M
YoY Change	254.0%	8603.25%
Income Tax	$0.00	$0.00
% Of Pretax Income
Net Earnings	-$78.58K	-$2.023M
YoY Change	254.0%	8603.25%
Net Earnings / Revenue	-1989.29%	-4112.13%
Basic Earnings Per Share		-$3.41
Diluted Earnings Per Share	-$0.13
COMMON SHARES
Basic Shares Outstanding	586.7K shares	592.7K shares
Diluted Shares Outstanding	586.7K shares

Balance Sheet

Concept	2023 Q4	2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$220.4K	$151.7K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory		$0.00
Prepaid Expenses	$28.90K	$34.86K
Receivables
Other Receivables
Total Short-Term Assets	$480.7K	$418.3K
YoY Change	4.84%	24.04%
LONG-TERM ASSETS
Property, Plant & Equipment	$973.3K	$884.3K
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets	$1.921M	$1.832M
YoY Change	38.21%
TOTAL ASSETS
Total Short-Term Assets	$480.7K	$418.3K
Total Long-Term Assets	$1.921M	$1.832M
Total Assets	$2.402M	$2.250M
YoY Change	29.93%	567.28%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$3.979M	$3.964M
YoY Change	154.74%	13743.58%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities	$3.979M	$3.964M
Total Long-Term Liabilities
Total Liabilities	$4.194M	$3.964M
YoY Change	168.52%	13743.58%
SHAREHOLDERS EQUITY
Retained Earnings	-$2.124M	-$2.046M
YoY Change	4575.5%	8703.76%
Common Stock	$587.00	$331.7K
YoY Change	-99.82%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	-$1.793M	-$1.714M
YoY Change
Total Liabilities & Shareholders Equity	$2.402M	$2.250M
YoY Change	29.93%	567.28%

Cashflow Statement

Concept	2023 Q4	2023
OPERATING ACTIVITIES
Net Income	-$78.58K	-$2.023M
YoY Change	254.0%	8603.25%
Depreciation, Depletion And Amortization	$5.928K	$0.00
YoY Change
Cash From Operating Activities	-$38.05K	-$257.3K
YoY Change	-1776.86%	2561.2%
INVESTING ACTIVITIES
Capital Expenditures		$884.3K
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$94.96K	-$3.270M
YoY Change	-93.41%	896.18%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	$201.7K	$3.679M
YoY Change	-86.0%	986.19%
NET CHANGE
Cash From Operating Activities	-$38.05K	-$257.3K
Cash From Investing Activities	-$94.96K	-$3.270M
Cash From Financing Activities	$201.7K	$3.679M
Net Change In Cash	$68.70K	$151.0K
YoY Change	2052.32%	20872.22%
FREE CASH FLOW
Cash From Operating Activities	-$38.05K	-$257.3K
Capital Expenditures		$884.3K
Free Cash Flow		-$1.142M
YoY Change

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	-23238	usd
CY2022Q4	jrvs	Initial Contribution InitialContribution	1000	usd
CY2022Q4	us-gaap	Variable Interest Entity Ownership Percentage VariableInterestEntityOwnershipPercentage	0.50	pure
CY2022Q4	us-gaap	Proceeds From Issuance Of Common Limited Partners Units ProceedsFromIssuanceOfCommonLimitedPartnersUnits	1000	usd
CY2022Q4	us-gaap	Cash Available For Distributions CashAvailableForDistributions	5214000	usd
CY2023	us-gaap	Investment Company Fee Paid Indirectly InvestmentCompanyFeePaidIndirectly	2679500	usd
CY2023	dei	Entity Central Index Key EntityCentralIndexKey	0001556801
CY2023	dei	Amendment Flag AmendmentFlag	false
CY2023	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--07-31
CY2023	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	FY
CY2023	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2023
CY2023	dei	Document Fin Stmt Error Correction Flag DocumentFinStmtErrorCorrectionFlag	false
CY2022Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2022Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2022Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	300000000	shares
CY2022Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2023Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	586686	shares
CY2023	dei	Document Type DocumentType	10-K
CY2023	dei	Document Annual Report DocumentAnnualReport	true
CY2023	dei	Document Period End Date DocumentPeriodEndDate	2023-07-31
CY2023	dei	Document Transition Report DocumentTransitionReport	false
CY2023	dei	Entity File Number EntityFileNumber	000-55233
CY2023	dei	Entity Registrant Name EntityRegistrantName	My City Builders, Inc.
CY2023	dei	Entity Incorporation State Country Code EntityIncorporationStateCountryCode	NV
CY2023	dei	Entity Tax Identification Number EntityTaxIdentificationNumber	27-3816969
CY2023	dei	Entity Address Address Line1 EntityAddressAddressLine1	100 Biscayne Blvd.
CY2023	dei	Entity Address Address Line2 EntityAddressAddressLine2	#1611
CY2023	dei	Entity Address City Or Town EntityAddressCityOrTown	Miami
CY2023	dei	Entity Address State Or Province EntityAddressStateOrProvince	FL
CY2023	dei	Entity Address Postal Zip Code EntityAddressPostalZipCode	33132
CY2023	dei	City Area Code CityAreaCode	786
CY2023	dei	Local Phone Number LocalPhoneNumber	553-4006
CY2023	dei	Security12g Title Security12gTitle	Common stock, par value $0.001 per share
CY2023	dei	Entity Well Known Seasoned Issuer EntityWellKnownSeasonedIssuer	No
CY2023	dei	Entity Voluntary Filers EntityVoluntaryFilers	No
CY2023	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2023	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2023	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2023	dei	Entity Small Business EntitySmallBusiness	true
CY2023	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2023	dei	Icfr Auditor Attestation Flag IcfrAuditorAttestationFlag	false
CY2023	dei	Entity Shell Company EntityShellCompany	false
CY2023Q1	dei	Entity Public Float EntityPublicFloat	429646	usd
CY2023Q4	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	586686	shares
CY2023	dei	Auditor Firm AuditorFirmId	2851
CY2023	dei	Auditor Name AuditorName	KCCW Accountancy Corp
CY2023	dei	Auditor Location AuditorLocation	Diamond Bar, California
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	151718	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	718	usd
CY2023Q3	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	34858	usd
CY2022Q3	us-gaap	Prepaid Expense Current PrepaidExpenseCurrent	0	usd
CY2023Q3	us-gaap	Receivables Net Current ReceivablesNetCurrent	228570	usd
CY2022Q3	us-gaap	Receivables Net Current ReceivablesNetCurrent	336480	usd
CY2023Q3	us-gaap	Interest Receivable InterestReceivable	3116	usd
CY2022Q3	us-gaap	Interest Receivable InterestReceivable	0	usd
CY2023Q3	us-gaap	Assets Current AssetsCurrent	418262	usd
CY2022Q3	us-gaap	Assets Current AssetsCurrent	337198	usd
CY2023Q3	us-gaap	Construction In Progress Gross ConstructionInProgressGross	884276	usd
CY2022Q3	us-gaap	Construction In Progress Gross ConstructionInProgressGross	0	usd
CY2023Q3	us-gaap	Investments Investments	947500	usd
CY2022Q3	us-gaap	Investments Investments	0	usd
CY2023Q3	us-gaap	Assets Assets	2250038	usd
CY2022Q3	us-gaap	Assets Assets	337198	usd
CY2023Q3	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	237888	usd
CY2022Q3	us-gaap	Accounts Payable And Accrued Liabilities Current AccountsPayableAndAccruedLiabilitiesCurrent	13075	usd
CY2023Q3	us-gaap	Deferred Income Current DeferredIncomeCurrent	0	usd
CY2022Q3	us-gaap	Deferred Income Current DeferredIncomeCurrent	6748	usd
CY2023Q3	jrvs	Due To Related Party Current DueToRelatedPartyCurrent	3726222	usd
CY2022Q3	jrvs	Due To Related Party Current DueToRelatedPartyCurrent	8812	usd
CY2023Q3	us-gaap	Liabilities Current LiabilitiesCurrent	3964110	usd
CY2022Q3	us-gaap	Liabilities Current LiabilitiesCurrent	28635	usd
CY2023Q3	us-gaap	Liabilities Liabilities	3964110	usd
CY2022Q3	us-gaap	Liabilities Liabilities	28635	usd
CY2023Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2023Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2023Q3	us-gaap	Preferred Stock Value PreferredStockValue	100	usd
CY2022Q3	us-gaap	Preferred Stock Value PreferredStockValue	100	usd
CY2023Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	300000000	shares
CY2023Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2023Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	586686	shares
CY2022Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	595986	shares
CY2023Q3	us-gaap	Common Stock Value CommonStockValue	587	usd
CY2022Q3	us-gaap	Common Stock Value CommonStockValue	596	usd
CY2023Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	331114	usd
CY2022Q3	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	331105	usd
CY2023Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-2045818	usd
CY2022Q3	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-23238	usd
CY2023Q3	us-gaap	Stockholders Equity StockholdersEquity	-1714017	usd
CY2022Q3	us-gaap	Stockholders Equity StockholdersEquity	308563	usd
CY2023Q3	us-gaap	Minority Interest MinorityInterest	-55	usd
CY2022Q3	us-gaap	Minority Interest MinorityInterest	0	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-1714072	usd
CY2022Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	308563	usd
CY2023Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	2250038	usd
CY2022Q3	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	337198	usd
CY2023	us-gaap	Interest Income Operating InterestIncomeOperating	49187	usd
CY2022Q3	us-gaap	Interest Income Operating InterestIncomeOperating	1106	usd
CY2023	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	24531	usd
CY2022Q3	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	59	usd
CY2023	us-gaap	Professional Fees ProfessionalFees	177931	usd
CY2022Q3	us-gaap	Professional Fees ProfessionalFees	24285	usd
CY2023	us-gaap	Operating Expenses OperatingExpenses	202462	usd
CY2022Q3	us-gaap	Operating Expenses OperatingExpenses	24344	usd
CY2023	us-gaap	Operating Income Loss OperatingIncomeLoss	-153275	usd
CY2022Q3	us-gaap	Operating Income Loss OperatingIncomeLoss	-23238	usd
CY2023	us-gaap	Impairment Of Investments ImpairmentOfInvestments	-1732000	usd
CY2022Q3	us-gaap	Impairment Of Investments ImpairmentOfInvestments	0	usd
CY2023	jrvs	Interest Expenses Related Party InterestExpensesRelatedParty	137360	usd
CY2022Q3	jrvs	Interest Expenses Related Party InterestExpensesRelatedParty	0	usd
CY2023	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-1869360	usd
CY2022Q3	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	0	usd
CY2023	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-2022635	usd
CY2022Q3	us-gaap	Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest	-23238	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2022Q3	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-2022635	usd
CY2022Q3	us-gaap	Net Income Loss NetIncomeLoss	-23238	usd
CY2023	us-gaap	Income Loss Attributable To Noncontrolling Interest IncomeLossAttributableToNoncontrollingInterest	-55	usd
CY2022Q3	us-gaap	Income Loss Attributable To Noncontrolling Interest IncomeLossAttributableToNoncontrollingInterest	0	usd
CY2023	jrvs	Net Loss Attributable To Stockholders Of My City Builders Inc NetLossAttributableToStockholdersOfMyCityBuildersInc	-2022580	usd
CY2022Q3	jrvs	Net Loss Attributable To Stockholders Of My City Builders Inc NetLossAttributableToStockholdersOfMyCityBuildersInc	-23238	usd
CY2023	jrvs	Basic And Diluted Loss Per Share Of Common Stock BasicAndDilutedLossPerShareOfCommonStock	-3.41
CY2022Q3	jrvs	Basic And Diluted Loss Per Share Of Common Stock BasicAndDilutedLossPerShareOfCommonStock	-0.10
CY2023	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	592744	shares
CY2022Q3	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	228093	shares
CY2022Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	0	usd
CY2022Q3	jrvs	Series A Preferred Stock Issued To Founders Amount SeriesAPreferredStockIssuedToFoundersAmount	500000	usd
CY2022Q3	jrvs	Reorganization Amount ReorganizationAmount	-168199	usd
CY2022Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	308563	usd
CY2023	jrvs	Common Stock Cancelled Amount CommonStockCancelledAmount	0	usd
CY2023	jrvs	Reverse Stock Split Adjustment Amount ReverseStockSplitAdjustmentAmount	0	usd
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-2022635	usd
CY2023Q3	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	-1714072	usd
CY2023	us-gaap	Profit Loss ProfitLoss	-2022635	usd
CY2022Q3	us-gaap	Profit Loss ProfitLoss	-23238	usd
CY2023	us-gaap	Other Noncash Income OtherNoncashIncome	0	usd
CY2022Q3	us-gaap	Other Noncash Income OtherNoncashIncome	1106	usd
CY2023	us-gaap	Capitalized Contract Cost Impairment Loss CapitalizedContractCostImpairmentLoss	1732000	usd
CY2022Q3	us-gaap	Capitalized Contract Cost Impairment Loss CapitalizedContractCostImpairmentLoss	0	usd
CY2023	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	34858	usd
CY2022Q3	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	0	usd
CY2023	us-gaap	Interest And Other Income InterestAndOtherIncome	3116	usd
CY2022Q3	us-gaap	Interest And Other Income InterestAndOtherIncome	0	usd
CY2023	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	39309	usd
CY2022Q3	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	8850	usd
CY2023	us-gaap	Increase Decrease In Loans Deferred Income IncreaseDecreaseInLoansDeferredIncome	6748	usd
CY2022Q3	us-gaap	Increase Decrease In Loans Deferred Income IncreaseDecreaseInLoansDeferredIncome	0	usd
CY2023	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	38710	usd
CY2022Q3	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	5825	usd
CY2023	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-257338	usd
CY2022Q3	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-9669	usd
CY2023	us-gaap	Cash Acquired From Acquisition CashAcquiredFromAcquisition	0	usd
CY2022Q3	us-gaap	Cash Acquired From Acquisition CashAcquiredFromAcquisition	335	usd
CY2023	jrvs	Payments To Acquire Investment PaymentsToAcquireInvestment	-2679500	usd
CY2022Q3	jrvs	Payments To Acquire Investment PaymentsToAcquireInvestment	0	usd
CY2023	us-gaap	Payments To Acquire Loans Receivable PaymentsToAcquireLoansReceivable	179310	usd
CY2022Q3	us-gaap	Payments To Acquire Loans Receivable PaymentsToAcquireLoansReceivable	328626	usd
CY2023	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	287220	usd
CY2022Q3	us-gaap	Proceeds From Sale Maturity And Collections Of Investments ProceedsFromSaleMaturityAndCollectionsOfInvestments	0	usd
CY2023	jrvs	Proceed From Loan Recivable ProceedFromLoanRecivable	185504	usd
CY2022Q3	jrvs	Proceed From Loan Recivable ProceedFromLoanRecivable	0	usd
CY2023	us-gaap	Payments For Construction In Process PaymentsForConstructionInProcess	884276	usd
CY2022Q3	us-gaap	Payments For Construction In Process PaymentsForConstructionInProcess	0	usd
CY2023	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-3270362	usd
CY2022Q3	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-328291	usd
CY2023	us-gaap	Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants	0	usd
CY2022Q3	us-gaap	Proceeds From Issuance Of Preferred Stock Preference Stock And Warrants ProceedsFromIssuanceOfPreferredStockPreferenceStockAndWarrants	500000	usd
CY2023	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	5052300	usd
CY2022Q3	us-gaap	Proceeds From Repayments Of Debt ProceedsFromRepaymentsOfDebt	0	usd
CY2023	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	-1373600	usd
CY2022Q3	us-gaap	Proceeds From Repayments Of Related Party Debt ProceedsFromRepaymentsOfRelatedPartyDebt	-161322	usd
CY2023	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	3678700	usd
CY2022Q3	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	338678	usd
CY2023	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	151000	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect	718	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	718	usd
CY2022Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	0	usd
CY2023Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	151718	usd
CY2022Q3	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	718	usd
CY2023	us-gaap	Interest Paid Net InterestPaidNet	137360	usd
CY2022Q3	us-gaap	Interest Paid Net InterestPaidNet	0	usd
CY2023	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	0	usd
CY2022Q3	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	0	usd
CY2023	jrvs	Common Stock Cancelled CommonStockCancelled	10	usd
CY2022Q3	jrvs	Common Stock Cancelled CommonStockCancelled	0	usd
CY2023	jrvs	Reverse Stock Split Adjustment ReverseStockSplitAdjustment	1	usd
CY2022Q3	jrvs	Reverse Stock Split Adjustment ReverseStockSplitAdjustment	0	usd
CY2023	us-gaap	Nature Of Operations NatureOfOperations	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"><strong>NOTE 1 - ORGANIZATION AND BUSINESS OPERATIONS</strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">My City Builders, Inc. (the “Company” or “My City Builders”) is a Nevada corporation incorporated on October 26, 2010 under the name Oconn Industries Corp. The Company’s name was changed on March 11, 2014 from Oconn Industries Corp. to Diamante Minerals, Inc., and to iMine Corporation on March 20, 2018 and to My City Builders, Inc on January 31, 2023.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">In July 2022, the Company acquired RAC Real Estate Acquisition Corp, a Wyoming Corporation ("RAC"). RAC is now a wholly owned subsidiary of the Company. The Company, through RAC, plans to focus on real estate transactions, in which the Company will buy and develop real estate for sale or rent of low-income housing. The Company plans to invest in three sectors of this market by (i) buying, refurbishing and selling traditional foreclosures, (ii) buying, developing and renting “Land Banks” that have an average pool of homes or lots in excess of 100 in one location and (iii) buying, refurbishing or developing and selling homes made available by the government through HECM pools. </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">On March 27, 2023, RAC, a wholly owned subsidiary of the Company entered into a Limited Liability Company Agreement dated effective March 27, 2023, (the “Agreement”) with, Frank Gillen, an individual (“Mr. Gillen”) and Michael Colvard, an individual (“Mr. Colvard”).</p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;">As a result of the Agreement, RAC, Mr. Gillen and Mr. Colvard formed a limited liability company called RAC Gadsden, LLC (“Gadsden”) incorporated in the state of Alabama. Gadsden will continue until terminated pursuant to the Agreement or as provided for under the laws of Alabama. The purpose of Gadsden is to purchase, finance, collateralize, improve, rehabilitate, market, sell or lease property. Gadsden has three members, RAC, Mr. Gillen and Mr. Colvard with an initial contribution of $98, $1 and $1, respectively, in exchange for a membership interest of 98%, 1%, and 1%, respectively. Each member is entitled to vote in accordance with their respective membership interest. Gadsden is a member managed LLC. On May 5, 2023 Mr. Colvard transferred his 1% and withdrew as a member of Gadsden.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;"><strong><em>Share Exchange and Reorganization</em></strong></p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">On July 1, 2022, the Company entered into an Agreement and Plan of Reorganization dated June 30, 2022 with RAC, and the shareholders of RAC, namely Frank Gillen, Francis Pittilloni, and Yolanda Goodell (the “Shareholders”), whereby the Company issued to the Shareholders a combined 100,000 shares of Series A Preferred Stock, par value of $0.001 per share in consideration for a combined 1,000 shares of RAC common stock, par value $0.001, held by the Shareholders, which represents 100% of the issued and outstanding capital stock of RAC. As a result, RAC becomes a wholly owned subsidiary of the Company. Shareholders of RAC paid a combined capital contribution of $500,000 in cash as consideration for their combined 1,000 shares of RAC common stock.</p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px; text-align:justify;"> </p><p style="font-size:10pt;font-family:times new roman;margin:0px 0px 0px 0in"><strong><em>Recapitalization</em></strong></p><p style="font-size:10pt;font-family:times new roman;margin:0px"> </p><p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">For financial accounting purposes, this transaction was treated as a reverse acquisition by RAC and resulted in a recapitalization with RAC being the accounting acquirer and the Company as the acquired company. The consummation of this reverse acquisition resulted in a change of control. Accordingly, the historical financial statements prior to the acquisition are those of the accounting acquirer, RAC, and have been prepared to give retroactive effect to the reverse acquisition completed on June 30,2022 and represent the operations of RAC. The consolidated financial statements after the acquisition date, June 30, 2022, include the balance sheets of both companies at fair value, the historical results of RAC and the results of the Company from the acquisition date. All share and per share information in the accompanying consolidated financial statements and footnotes has been retroactively restated to reflect the recapitalization.</p>
CY2023	us-gaap	Use Of Estimates UseOfEstimates	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amount of revenues and expenses during the reporting period. Actual results could differ from those estimates. The Company’s periodic filings with the SEC include, where applicable, disclosures of estimates, assumptions, uncertainties and markets that could affect the financial statements and future operations of the Company.</p>
CY2023Q3	us-gaap	Cash Fdic Insured Amount CashFDICInsuredAmount	250000	usd
CY2023	us-gaap	Concentration Risk Credit Risk ConcentrationRiskCreditRisk	<p style="FONT-SIZE: 10pt; FONT-FAMILY: times new roman; MARGIN: 0px 0px 0px 0in; text-align:justify;">The Company’s financial instruments that are exposed to concentrations of credit risk primarily consist of its cash and related party payables it will likely incur in the near future. The Company places its cash with financial institutions of high credit worthiness. At times, its cash balance with a particular financial institution may exceed any applicable government insurance limits. The Company’s management plans to assess the financial strength and credit worthiness of any parties to which it extends funds, and as such, it believes that any associated credit risk exposures are limited.</p>
CY2023	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	100000	shares
CY2023	us-gaap	Profit Loss ProfitLoss	-2022635	usd
CY2023Q3	jrvs	Retained Earning Accumulated Deficit RetainedEarningAccumulatedDeficit	-2045818	usd
CY2022Q3	jrvs	Promissory Note Principal Amount PromissoryNotePrincipalAmount	672960	usd
CY2023	us-gaap	Debt Instrument Interest Rate During Period DebtInstrumentInterestRateDuringPeriod	0.12	pure
CY2022Q3	us-gaap	Notes Payable NotesPayable	672960	usd
CY2023	jrvs	Consideration For Notes Paid By Company ConsiderationForNotesPaidByCompany	328626	usd
CY2023	jrvs	Consideration For Notes Paid By Third Party Investor ConsiderationForNotesPaidByThirdPartyInvestor	328626	usd
CY2022Q3	jrvs	Promissory Note Principal Amount PromissoryNotePrincipalAmount	358620	usd
CY2022Q3	us-gaap	Debt Instrument Interest Rate During Period DebtInstrumentInterestRateDuringPeriod	0.12	pure
CY2022Q3	us-gaap	Notes Payable NotesPayable	358620	usd
CY2022Q3	jrvs	Consideration For Notes Paid By Company ConsiderationForNotesPaidByCompany	175007	usd
CY2022Q3	jrvs	Consideration For Notes Paid By Third Party Investor ConsiderationForNotesPaidByThirdPartyInvestor	175007	usd
CY2023	jrvs	Company Collected On Principal Amount CompanyCollectedOnPrincipalAmount	444325	usd
CY2023	jrvs	Interest Income Of Collected Principal Amount InterestIncomeOfCollectedPrincipalAmount	67457	usd
CY2023	us-gaap	Proceeds From Collection Of Longterm Loans To Related Parties ProceedsFromCollectionOfLongtermLoansToRelatedParties	157105	usd
CY2023	jrvs	Interest Income Of Collected On Behalf Of Third Party Investor InterestIncomeOfCollectedOnBehalfOfThirdPartyInvestor	28398	usd
CY2023	us-gaap	Interest Income Operating InterestIncomeOperating	49187	usd
CY2022	us-gaap	Interest Income Operating InterestIncomeOperating	1106	usd
CY2023Q3	jrvs	Construction In Progress Of Cost ConstructionInProgressOfCost	333596	usd
CY2023	us-gaap	Lease Income LeaseIncome	1250	usd
CY2022Q4	jrvs	Sale Of Each Property By The Llc Company Receive Average Additional Cash Capital Contribution SaleOfEachPropertyByTheLlcCompanyReceiveAverageAdditionalCashCapitalContribution	13000	usd
CY2023	us-gaap	Capitalized Contract Cost Impairment Loss CapitalizedContractCostImpairmentLoss	1732000	usd
CY2023	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	38710	usd
CY2022	us-gaap	Increase Decrease In Due To Related Parties IncreaseDecreaseInDueToRelatedParties	5825	usd
CY2023	us-gaap	Payments For Advance To Affiliate PaymentsForAdvanceToAffiliate	2670300	usd
CY2023Q3	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	10000000	shares
CY2023Q3	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.001
CY2023Q3	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	300000000	shares
CY2023Q3	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2022Q3	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	595986	shares
CY2023Q3	us-gaap	Common Stock Shares Subscribed But Unissued CommonStockSharesSubscribedButUnissued	700	shares
CY2023Q3	jrvs	Common Stock Returned By Shareholders CommonStockReturnedByShareholders	10000	shares
CY2023Q3	us-gaap	Shares Held In Employee Stock Option Plan Committed To Be Released SharesHeldInEmployeeStockOptionPlanCommittedToBeReleased	10000	shares
CY2023Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	586686	shares
CY2022Q3	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	595986	shares
CY2023	us-gaap	Net Income Loss NetIncomeLoss	-2022635	usd
CY2022	us-gaap	Net Income Loss NetIncomeLoss	-23238	usd
CY2023	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-424753	usd
CY2022	us-gaap	Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate	-4880	usd
CY2023	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	424753	usd
CY2022	us-gaap	Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance	4880	usd
CY2023	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2022	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2023Q3	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	429633	usd
CY2022Q3	us-gaap	Deferred Tax Assets Operating Loss Carryforwards DeferredTaxAssetsOperatingLossCarryforwards	4880	usd
CY2023Q3	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	429633	usd
CY2022Q3	us-gaap	Deferred Tax Assets Valuation Allowance DeferredTaxAssetsValuationAllowance	4880	usd
CY2023Q3	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	0	usd
CY2022Q3	us-gaap	Deferred Tax Assets Net DeferredTaxAssetsNet	0	usd

Files In Submission

Name	View Source	Status
0001640334-23-002133-index-headers.html	Edgar Link	pending
0001640334-23-002133-index.html	Edgar Link	pending
0001640334-23-002133.txt	Edgar Link	pending
0001640334-23-002133-xbrl.zip	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
jrvs-20230731.xsd	Edgar Link	pending
jrvs_10k.htm	Edgar Link	pending
jrvs_ex311.htm	Edgar Link	pending
jrvs_ex321.htm	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
jrvs-20230731_lab.xml	Edgar Link	unprocessable
jrvs-20230731_pre.xml	Edgar Link	unprocessable
jrvs_10k_htm.xml	Edgar Link	completed
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending
jrvs-20230731_cal.xml	Edgar Link	unprocessable
jrvs-20230731_def.xml	Edgar Link	unprocessable

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$MYCB
My City Builders, Inc. Stock $mycb

2023 Q4 Form 10-K Financial Statement

#000164033423002133 Filed on November 14, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MYCB My City Builders, Inc. Stock $mycb

2023 Q4 Form 10-K Financial Statement

#000164033423002133 Filed on November 14, 2023

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$MYCB
My City Builders, Inc. Stock $mycb