Company: RHNO
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001493152-25-022052
Chunk: 217

Company: RHINO BITCOIN INC.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1C
Chunk 217
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    $262,619  
     57% 
     22% 
    $70,998  
    $21,741 

    F-21

PHOENIX PLUS CORP. (NOW KNOWN AS RHINO BITCOIN INC.)

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE YEARS ENDED JULY 31, 2025 AND 2024

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

17.
SEGMENT INFORMATION

ASC
280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with
the Company’s internal organization structure as well as information about services categories, business segments and major customers
in financial statements. In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating
decision maker has been identified as the Chief Executive Officer and President, who reviews operating results to make decisions about
allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to
segment reporting, establishes requirements to report selected segment information quarterly and to report annually entity-wide disclosures
about products and services, major customers, and the countries in which the entity holds material assets and reports revenue. All material
operating units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in
economic characteristics; nature of products and services; and procurement, manufacturing and distribution processes.

The
Company had no inter-segment sales for the periods presented. Summarized financial information concerning the Company’s reportable
segments is shown as below:

By
Geography:

 SCHEDULE
OF INTER-SEGMENT SALES  

    United States  
    Malaysia  
    Hong Kong  
    Total 

    For the year ended July 31, 2025 

    United States  
    Malaysia  
    Hong Kong  
    Total 

    Revenue 
    $-  
    $478,159  
    $-  
    $478,159 
  
    Cost of revenue 
     -  
     (411,361) 
     -  
     (411,361)
  
    Net loss 
     (337,068) 
     (102,971) 
     (18,325) 
     (458,364)

    Total assets 
    $962,582