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Consolidated Statements of Operations - USD ($)
12 Months Ended
Jul. 31, 2024
Jul. 31, 2023
Revenue    
Interest income $ 0 $ 49,187
Rental income 59,300 0
Total revenue 59,300 49,187
Operating expenses    
Cost of rental homes 13,971 0
Depreciation 31,985 0
General and administrative 55,774 24,531
Professional fees 235,940 177,931
Total operating expenses 337,670 202,462
Loss from operations (278,370) (153,275)
Other income and expense    
Impairment loss on investment (947,500) (1,732,000)
Interest expense- related party (27,795) (137,360)
Interest expense (19,279) 0
Nonmonetary gain on lawsuit settlement 1,298,696 0
Total other income (expense) 304,122 (1,869,360)
Income (Loss) before income taxes 25,752 (2,022,635)
Provision for income taxes 0 0
Net Income (Loss) 25,752 (2,022,635)
Less: Net loss attributable to noncontrolling interests (112) (55)
Net income (loss) attributable to stockholders of My City Builders, Inc. $ 25,864 $ (2,022,580)
Basic and diluted income (loss) per share of common stock $ 0.00 $ (3.41)
Basic weighted average number of common shares outstanding 6,739,563 592,744