My City Builders Faces Loan Repayments & Customer Risk
Ticker: MYCB · Form: 10-Q · Filed: Mar 17, 2025 · CIK: 1556801
| Field | Detail |
|---|---|
| Company | My City Builders, INC. (MYCB) |
| Form Type | 10-Q |
| Filed Date | Mar 17, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, customer-concentration, real-estate
TL;DR
My City Builders has loan payments due starting July 31, 2025, and is heavily reliant on a few customers.
AI Summary
My City Builders, Inc. filed a 10-Q for the period ending January 31, 2025. The company has a loan with principal and interest due in two annual installments of $25,000 plus interest, starting July 31, 2025, and concluding July 31, 2026. The filing also indicates significant customer concentration risk related to accounts receivable and net sales.
Why It Matters
The company's upcoming loan payments and reliance on a few key customers could impact its financial stability and future revenue streams.
Risk Assessment
Risk Level: medium — The company faces customer concentration risk and upcoming debt obligations.
Key Numbers
- $25,000 — Annual Loan Installment (Principal and interest due annually starting July 31, 2025.)
- 2025-01-31 — Reporting Period End Date (The period covered by this 10-Q filing.)
Key Players & Entities
- My City Builders, Inc. (company) — Filer of the 10-Q
- July 31, 2025 (date) — First loan installment due date
- July 31, 2026 (date) — Final loan installment due date
- $25,000 (dollar_amount) — Annual loan installment amount
FAQ
What is the total outstanding principal on the loan?
The filing mentions annual installments of $25,000 plus interest, but the total principal amount is not explicitly stated in this excerpt.
Which customers represent the concentration risk?
The filing refers to 'OneCustomer' for accounts receivable and 'TenantE' and 'TenantB' for sales revenue, indicating these are the concentrated customers.
What is the nature of the business of My City Builders, Inc.?
My City Builders, Inc. is in the Real Estate sector, SIC code 6500.
When was My City Builders, Inc. previously known by other names?
The company was formerly known as iMine Corp (name change 20180322), DIAMANTE MINERALS, INC. (name change 20140616), and OCONN INDUSTRIES CORP (name change 20120823).
What is the company's fiscal year end?
The company's fiscal year ends on July 31st.
Filing Details
This Form 10-Q (Form 10-Q) was filed with the SEC on March 17, 2025 regarding My City Builders, Inc. (MYCB).