OTC:MYCB
My City Builders, Inc.
A financially distressed micro-cap stock showing zero revenue growth and deepening losses over the last five years.
Key Metrics
Investment Thesis
Bull Case
An investor might consider MYCB as a deep-value turnaround play if the company successfully revives its construction pipeline to generate the first dollar of revenue in years. The current low market capitalization and zero price per share dynamics could allow for significant equity appreciation upon any successful restructuring or merger event.
Bear Case
The stock is fundamentally broken with zero revenue, a massive operating deficit, and a cash balance that has been halved recently while liabilities exceed assets by nearly $4.4 million. Investors should avoid this security as the business model appears non-functional with no visible path to profitability given the sustained losses from 2023 through projected 2025.
About My City Builders, Inc.
My City Builders, Inc. (MYCB) is an OTC-traded entity operating within the construction and development sectors with zero reported revenue in recent years. The company has experienced significant cash outflows, accumulating a substantial retained earnings deficit of approximately $4.9 million while maintaining minimal current assets relative to liabilities.
Analysis
Management Discussion
Management has recently utilized nearly $878k in financing cash flows to offset massive operational burn rates, yet the company continues to post a net loss of $498k with zero revenue. The financial statements reveal aggressive inventory buildup of $233k without corresponding sales, suggesting stalled project execution or potential accounting adjustments for discontinued operations.
Industry Overview
The construction industry typically relies on steady project pipelines and material cost management, but MYCB's inability to generate revenue places it in a precarious position compared to profitable peers. Without current assets or long-term investments, the company lacks the typical operational leverage found in established building firms.
Financial Statements
Income Statement
Balance Sheet
Cash Flow
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | $0 | $59.3K | $0 |
| Cost of Revenue | $-49.2K | $0 | $0 |
| Gross Profit | $49.2K | $59.3K | $0 |
| Operating Expenses | $202.5K | $337.7K | $103.9K |
| Operating Income | $-153.3K | $-278.4K | $-103.9K |
| G&A | $24.5K | $55.8K | $3.9K |
| Depreciation | — | $32.0K | $64.2K |
| Other OpEx | $177.9K | $281.9K | $100.1K |
| Non-Operating Income | $-1.9M | $304.1K | $0 |
| Interest Expense | — | $19.3K | — |
| Pre-Tax Income | $-2.0M | $25.8K | $-103.9K |
| Income Tax | $0 | $0 | $1.1K |
| Continuing Ops | $-2.0M | $25.8K | $-105.1K |
| Discontinued Ops | $0 | $0 | $-393.2K |
| Net Income | $-2.0M | $25.8K | $-498.3K |
| Minority Interest | $0 | $0 | $0 |
| Net to Common | $-2.0M | $25.8K | $-498.3K |
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Current Assets | $418.3K | $1.6M | $42.8K |
| Inventory | — | $1.6M | — |
| Other Current Assets | — | $22.9K | — |
| Long-Term Assets | $1.8M | $1.8M | $0 |
| PP&E (Net) | — | $1.8M | — |
| Other LT Assets | — | $0 | — |
| Total Assets | $2.3M | $3.5M | $42.8K |
| Current Liabilities | $4.0M | $1.6M | $38.3K |
| Other Current Liab | — | — | $2.7K |
| Long-Term Liabilities | $0 | $735.7K | $0 |
| Total Liabilities | $4.0M | $2.3M | $38.3K |
| Shareholders' Equity | $-1.7M | $1.2M | $4.5K |
| Paid-In Capital | — | $3.2M | $4.9M |
| Retained Earnings | $-2.0M | $-2.0M | $-4.9M |
| Total L&E | $2.3M | $3.5M | $42.8K |
| Metric | 2023 | 2024 | 2025 |
|---|---|---|---|
| Net Income (CFO) | $-2.0M | $25.8K | $-498.3K |
| Non-Cash Adjustments | $1.6M | $-413.8K | $-256.4K |
| Working Capital Changes | $119.6K | $-95.0K | $250.1K |
| Cash from Operations | $-257.3K | $-483.1K | $-504.6K |
| Capital Expenditures | — | $930.9K | $89.9K |
| Cash from Investing | $-3.3M | $-930.9K | $-381.7K |
| Cash from Financing | $3.7M | $1.3M | $877.8K |
| FX Effect | $0 | $0 | $0 |
| Net Change in Cash | $151.0K | $-131.5K | $-8.4K |
| Beginning Cash | $718 | $151.7K | $20.2K |
| Ending Cash | $151.7K | $20.2K | $11.8K |
Frequently Asked Questions
How does My City Builders, Inc. make money?
The primary segment is construction and development projects which currently generate no measurable revenue, supplemented by minor financing activities that have provided temporary cash inflows of roughly $878k recently.
What are the main risks for MYCB?
Severe liquidity constraints evidenced by negative operating cash flow of $504k and declining cash reserves from over $20k to under $12k, substantial accumulated deficit threatening solvency with liabilities exceeding assets, complete lack of revenue generation creating existential business model risk, and dilution risks from financing activities on a tiny market cap.
What is MYCB's competitive advantage?
Potential access to niche municipal or infrastructure contracts in underserved markets, existing physical assets recorded at zero long-term value indicating potential write-downs or asset-light restructuring, and a small capital structure allowing for high percentage ownership by early investors.
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Not financial advice. All content is for informational purposes only. Data may contain errors. Consult a qualified financial advisor before making investment decisions.