Company: RHNO
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001493152-25-022052
Chunk: 123

Company: RHINO BITCOIN INC.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1B
Chunk 123
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 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
9A. Controls and Procedures.

Evaluation
of Disclosure Controls and Procedures.

Our
management, with the participation of our chief executive officer, evaluated the effectiveness of our disclosure controls and procedures
(as defined in Rule 13a-15(e) and Rule 15d-15(e) of the Exchange Act) as of the end of the period covered by this report. Based on that
evaluation, our chief executive officer concluded that, due to the presence of material weaknesses in internal control over financial
reporting, our disclosure controls and procedures as of the end of the period covered by this report were not effective to ensure that
information required to be disclosed is made known to management and others, as appropriate, to allow timely decision regarding required
disclosure and that the information required to be disclosed by us in reports that we file or submit under the Exchange Act is (i) recorded,
processed, summarized and reported within the time periods specified in the Commission’s rules and forms and (ii) accumulated and
communicated to our management, including our chief executive officer,