Company: RHNO
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001493152-25-022052
Chunk: 847

Company: RHINO BITCOIN INC.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 10
Chunk 847
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contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers
to its clients.

Revenue
is measured at the fair value of the consideration received or receivable, net of discounts and taxes applicable to the revenue. The
Company derives its revenue from solar PV system installation services, consultancy services provided to our customers on engineering,
equipment procurement and transportation, construction on solar plant.

The
revenue from long term contract is recognized by reference to the stage of completion of the contract activity at the end of the reporting
period, the stage of completion is measured by the proportion that costs incurred for work performed to date bear to the estimated total
costs. The revenue from non-contract customers is recognized upon the delivery of services.

The
Company applied judgements and assumptions that significantly affect the determination of the amount and timing of revenue recognized
from contracts with customers for providing renewable energy turnkey solutions, including engineering, procurement, construction and
commissioning (“EPCC”), solar PV installation services on our customers on engineering, equipment procurement and transportation,
construction on solar plant. The Company measures the performance of service work done by comparing the actual costs incurred with the
estimated total costs required to complete the services. Significant judgements are required to estimate the total contract costs to
complete. In making these estimates, management relied on estimates and also on past experience of completed projects. A change in the
estimates will directly affect the revenue to be recognized.

Cost
of revenue

Cost
of revenue includes the cost of services in providing consultancy services and installation services.

Cash
and cash equivalents

Cash
and cash equivalents are carried at cost and represent cash on hand, demand deposits placed with banks or other financial institutions
and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments.

Property,
plant and equipment 

Property,
plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated
on the straight-line basis over the following expected useful lives from the date on which they become fully operational:

SCHEDULE
OF PROPERTY PLANT AND EQUIPMENT ESTIMATED USEFUL LIFE

    Classification
     
    Estimated
    useful life
  
    Leasehold
    improvement
     
    21
    months
  
    Computer
    hardware and software
     
    5
    years
  
    Machinery
     
    5
    years
  
    Motor
    vehicle