Company: RHNO
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001493152-25-022052
Chunk: 653

Company: RHINO BITCOIN INC.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 9
Chunk 653
---
 behalf by the undersigned, thereunto duly authorized.

    RHINO
    BITCOIN INC.

    Date:
    November 13, 2025
    By:
    /s/
    Lyle Hauser

    Lyle
                                            Hauser

    Chief
    Executive Officer

    (principal executive,
    financial and accounting officer)

Pursuant
to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the
registrant and in the capacities and on the dates indicated.

    Signature
     
    Title
     
    Date

    /s/ Lyle
    Hauser
     
    Chief Executive Officer and director
     
    November 13, 2025
  
    Lyle Hauser
     
    (principal executive, financial and accounting officer)

19

INDEX
TO FINANCIAL STATEMENTS

    Page
  
    Financial
    Statements

    Report of Independent Registered Public Accounting Firm
    F-2
    – F-3 

    Consolidated Balance Sheets
    F-4

    Consolidated Statements of Operations and Comprehensive Loss
    F-5

    Consolidated Statements of Changes in Stockholders’ Equity
    F-6

    Consolidated Statements of Cash Flows
    F-7

    Notes to Consolidated Financial Statements
    F-8
    - F-23

F-1

REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

The
Board of Directors and Stockholders 

of
Phoenix Plus Corp. (now known as Rhino Bitcoin Inc.) 

1200
Brickell Avenue #310

Miami,
FL 33131

Opinion
on the Financial Statements

We
have audited the accompanying consolidated balance sheets of Phoenix Plus Corp. (now known as Rhino Bitcoin Inc.) (the
‘Company’) as of July 31, 2025 and 2024, and the related statements of consolidated statements of operations and
comprehensive loss, consolidated statements of changes in stockholders’ equity, and consolidated statements of cash flows for
each of the years in the two-year period ended July 31, 2025 and 2024, and the related notes (collectively referred to as the
“financial statements”). In our opinion, the financial statements present fairly, in all material respects, the
financial position of the Company as of July 31, 2025 and 2024, and