Company: RHNO
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001641172-25-014247
Chunk: 25

Company: RHINO BITCOIN INC.
Filing Date: 2025-06-09
Form: 10-Q
Item: Item 1
Chunk 25
---
8,619 
  
    Total 
    $41,659 

Other
information:

 SCHEDULE OF OTHER INFORMATION

    2025  
    2024 

    Period ended April 30 

    2025  
    2024 

    (Unaudited)  
    (Unaudited) 
  
    Cash paid for amounts included in the measurement of lease liabilities: 

    Operating cash flow from operating lease 
    $19,363  
    $21,836 
  
    Right-of-use assets obtained in exchange for operating lease liabilities 
     -  
     - 
  
    Remaining lease term for operating lease (years) 

    Lease 1 
     -  
     - 
  
    Lease 2 
     -  
     - 
  
    Lease 3 
     1.5  
     2.2 
  
    Weighted average discount rate for operating lease 

    Lease 1 
     -  
     - 
  
    Lease 2 
     -  
     - 
  
    Lease 3 
     6.85% 
     6.85%

Lease
expenses were $759 for the period ended April 30, 2025 and $3,743 for the period ended April 30, 2024. The Company adopt ASC 842 on and
after August 1, 2019.

    F-16

PHOENIX
PLUS CORP.

NOTES
TO CONDENSED FINANCIAL STATEMENTS

FOR
THE NINE MONTHS ENDED APRIL 30, 2025

(Currency
expressed in United States Dollars (“US$”), except for number of shares)

(UNAUDITED)

15.
CONCENTRATION OF RISK

The
Company is exposed to the following concentrations of risk:

 SCHEDULE
OF CONCENTRATION OF RISK

    (a)
    Major
    customers

For
the three months ended April 30, 2025 and 2024, the customer who accounted for 10% or more of the Company’s sales and its outstanding
receivable balance at period-end.

    Three months ended April 30 

    2025  
    2024  
    2025  
    2024  
    2025  
    2024 

    Revenue