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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jan. 31, 2024
Jan. 31, 2023
Jan. 31, 2024
Jan. 31, 2023
Revenue        
Interest income $ 0 $ 13,569 $ 0 $ 27,824
Rental income 13,599 0 19,768 0
Total revenue 13,599 13,569 19,768 27,824
Operating expenses        
Cost of rental homes 2,851 0 5,070 0
Depreciation 6,342 0 12,270 0
General and administrative 4,550 558 14,355 883
Professional fees 60,218 22,017 117,754 58,144
Total operating expenses 73,961 22,575 149,449 59,027
Loss from operations (60,362) (9,006) (129,681) (31,203)
Other expense        
Impairment loss on investment (947,500) 0 (947,500) 0
Interest expense- related party (8,815) (42,000) (12,073) (42,000)
Interest expense (3,789) 0 (3,789) 0
Total other expense (960,104) (42,000) (963,362) (42,000)
Loss before income taxes (1,020,466) (51,006) (1,093,043) (73,203)
Provision for income taxes 0 0 0 0
Net Loss (1,020,466) (51,006) (1,093,043) (73,203)
Less: Net income (loss) attributable to noncontrolling interests 42 0 (38) 0
Net loss attributable to stockholders of My City Builders, Inc. $ (1,020,508) $ (51,006) $ (1,093,005) $ (73,203)
Basic and diluted loss per share of common stock $ (0.42) $ (0.09) $ (0.72) $ (0.12)
Basic weighted average number of common shares outstanding 2,445,382 595,986 1,516,034 595,986