Company: RHNO
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001641172-25-014247
Chunk: 66

Company: RHINO BITCOIN INC.
Filing Date: 2025-06-09
Form: 10-Q
Item: Item 8
Chunk 66
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 in operating activities was mainly for payment of general and administrative expenses, and selling and marketing expenses.

Cash
Provided By Financing Activities

For
the nine months ended April 30, 2025 and 2024, net cash provided by financing activities was $0 and $0. The financing cash flow performance
primarily reflects sale of common stock and collection of subscription receivables.

5

Cash
Used In Investing Activities

For
the nine months ended April 30, 2025 and 2024, the net cash used in investing activities was $1,438 and $2,350. The
investing cash flow performance primarily reflects the purchase of plant and equipment.

Credit
Facilities

We
do not have any credit facilities or other access to bank credit.

Off-balance
Sheet Arrangements

We
have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial
condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital
resources that are material to our stockholders as of April 30, 2025.

Recent
Accounting Pronouncements

The
Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not have any material impact on
the financial statements unless otherwise disclosed, and the Company does not believe that there are any other new accounting pronouncements
that have been issued that might have a material impact on its financial position or results of operations.

ITEM
3 QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As
a “smaller reporting company” as defined by Item 10 of Regulation S-K, the Company is not required to provide information
required by this Item.

ITEM
4 CONTROLS AND PROCEDURES

Evaluation
of Disclosure Controls and Procedures:

We
carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange
Act Rules 13a-15(e) and 15d-15(e)) as of April 30, 2025. This evaluation was carried out under the supervision and with the participation
of our Chief Executive Officer. Based upon that evaluation, our Chief Executive Officer concluded that, as of April 30, 2025, our disclosure
controls and procedures were not effective due to the presence of material weaknesses in internal control over financial reporting.

A
material weakness is a deficiency, or