Company: RHNO
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001493152-25-022052
Chunk: 286

Company: RHINO BITCOIN INC.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 3
Chunk 286
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 reviews new accounting standards that are issued.

In
December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The new standard was issued
to improve transparency and decision usefulness of income tax disclosures by providing information that helps investors better understand
how an entity’s operations, tax risks, tax planning and operational opportunities affect its tax rate and prospects for future
cash flows. The amendments in this update primarily relate to requiring greater disaggregated disclosure of information in the rate reconciliation,
income taxes paid, income (loss) from continuing operations before income tax expense (benefit), and income tax expense (benefit) from
continuing operations. The ASU is effective for fiscal years beginning after December 15, 2024, and early adoption is permitted. The
standard can be applied prospectively or retrospectively.

In
November 2024, the FASB issued ASU 2024-03, Disaggregation of Income Statement Expenses. The new standard requires entities to disclose
additional information about certain expenses, such as purchases of inventory, employee compensation, depreciation, intangible asset
amortization, as well as selling expenses included in commonly presented expense captions on the income statement. The FASB further clarified
the effective date in January 2025 with the issuance of ASU 2025-01, Income Statement – Reporting Comprehensive Income –
Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date. The ASU is effective for fiscal years beginning
after December 15, 2026, and interim periods beginning after December 15, 2027. Companies have the option to apply this guidance either
on a retrospective or prospective basis, and early adoption is permitted.

The
Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have
a significant impact on the Company’s financial statements.

Off-Balance
Sheet Arrangements

The
Company has no off-balance sheet arrangements.

Item
7A. Quantitative and Qualitative Disclosure About Market Risk.

Not
required for a smaller reporting company.

Item
8. Financial Statements.

All
financial information required by this Item is attached hereto at the end of this report beginning on page F-1 and is hereby incorporated
by reference.

Item
9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure.

None.

12

Item