Company: RHNO
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001493152-25-022052
Chunk: 8

Company: RHINO BITCOIN INC.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1
Chunk 8
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 obtain additional funding on terms that are favorable to us or at all. We may not be able to obtain sufficient funding to continue
our operations, or to generate adequate revenues or to operate profitably in the future. These conditions raise substantial doubt about
our ability to continue as a going concern.

As discussed above, on August 19, 2025, we completed the Reverse Acquisition, and this discussion of our liquidity
and capital resources over the next twelve months relates to our business following the Reverse Acquisition.

Cash
Used In Operating Activities

For
the year ended July 31, 2025 and 2024, net cash used in operating activities was $387,521 and $653,119. The cash used in operating activities
was mainly for payment of general and administrative expenses.

Cash
Used In Investing Activities

For
the financial year ended July 31, 2025 and 2024, net cash used in investing activities was $3,030 and $13,967. The investing cash
flow performance primarily reflects the purchase of property, plant and equipment.

Credit
Facilities

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

8

Critical
Accounting Policies and Estimates

Going
Concern

The
accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement
of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, for the year
ended July 31, 2025, the Company suffered an accumulated deficit of $3,045,795, negative operating cash flows of $387,521 and net loss
of $458,364. The financial statements do not include any adjustments that might
be necessary if the Company is unable to continue as a going concern.

The
Company’s ability to continue as a going concern is dependent upon improving its profitability and the continuing financial support
from its major shareholders. Management believes the existing shareholders or external financing will provide the additional cash to
meet the Company’s obligations as they become due. No assurance can be given that any future financing, if needed, will be available
or, if available, that it will be on terms that are satisfactory to the Company. Even if the Company is able to obtain additional financing,
if needed, it may contain undue restrictions on its operations, in the case of debt financing, or cause substantial dilution for its
stock holders, in the case of equity financing.

Basis
of presentation