Company: RHNO
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001641172-25-014247
Chunk: 18

Company: RHINO BITCOIN INC.
Filing Date: 2025-06-09
Form: 10-Q
Item: Item 1
Chunk 18
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 receivables 
    $11,229  
    $10,964 

7.
CONTRACT ASSETS

Contract
assets as of April 30, 2025 and July 31, 2024 are summarized below:

SCHEDULE OF CONTRACT ASSETS

    As of April 30, 2025  
    As of July 31, 2024 

    (Unaudited)  
    (Audited) 
  
    Cost incurred 
    $1,680,194  
    $1,321,934 
  
    Attributable profit 
     (20,340) 
     (45,312)
  
    Contract assets, gross 
     1,659,854  
     1,276,622 
  
    Progress billings 
     (1,374,905) 
     (1,007,188)
  
    Total contract assets 
    $284,949  
    $269,434 

8.
OTHER RECEIVABLES, PREPAYMENT AND DEPOSITS

Other
receivables, prepayment and deposits consisted of the following at April 30, 2025 and July 31, 2024:

SCHEDULE
OF OTHER RECEIVABLES PREPAYMENTS AND DEPOSITS

    As of April 30, 2025  
    As of July 31, 2024 

    (Unaudited)  
    (Audited) 
  
    Other receivables 
    $-  
    $332 
  
    Deposits 
     43,119  
     12,469 
  
    Prepayment 
     1,840  
     - 
  
    Total other receivables, prepayment and deposits 
    $44,959  
    $12,801 

9.
DEFERRED COST

For
service contracts where the performance obligation is not completed, deferred costs are recorded for any costs incurred in advance of
the performance obligation.

10.
TRADE PAYABLES

Trade
payables consisted of the following at April 30, 2025 and July 31, 2024:

SCHEDULE
OF TRADE PAYABLES 

    As of April 30, 2025  
    As of July 31, 2024 

    (Unaudited)  
    (Audited) 
  
    Trade payables 
    $108,