Company: RHNO
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001493152-25-022052
Chunk: 812

Company: RHINO BITCOIN INC.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 9C
Chunk 812
---
 
    $4,924  
    $332 
  
    Deposits 
     32,345  
     12,469 
  
    Prepayments 
     964,467  
     - 
  
    Total other receivables, prepayments and deposits 
    $1,001,736  
    $12,801 

The
deposit amount of $30,247 (equivalent to MYR128,550) as a bank guarantee to CIMB Bank Berhad to undertake works for “The Design,
Engineering, Procurement, Construction, Installation, Testing and Commissioning (EPCC) for Capacity Expansion of a Solar Photovoltaic
(PV) Plant at Sungai Selangor Phase 2 Water Treatment Plant (the ‘Project’) – Package L6, Contract No. HSB/RE/32”.

The prepayment amount of $960,000 mainly represents the consideration for the acquisition of software pursuant to
the Software Purchase Agreement entered into with SunRay Equity Group Limited. As the software has not yet been placed into service and is not ready for use, the amount has been recorded as a
prepayment as of July 31, 2025.

    F-16

PHOENIX PLUS CORP. (NOW KNOWN AS RHINO BITCOIN INC.)

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE YEARS ENDED JULY 31, 2025 AND 2024

(Currency
expressed in United States Dollars (“US$”), except for number of shares)

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. AMOUNT DUE TO A RELATED PARTY 

Amount due to a related party is unsecured, interest free and has no fixed
terms of repayment.

11.
TRADE PAYABLES

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

SCHEDULE
OF TRADE PAYABLES 

    As of  July 31, 2025 (Audited)  
    As of  July 31, 2024 (Audited) 
  
    Trade payables 
    $138,348  
    $81,466 
  
    Total trade payables 
    $138,348  
    $81,466 

Lenggong
Hydro