Company: RHNO
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001641172-25-014247
Chunk: 0

Company: RHINO BITCOIN INC.
Filing Date: 2025-06-09
Form: 10-Q
Item: Item 1
Chunk 0
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PHOENIX
PLUS CORP.

CONDENSED
CONSOLIDATED FINANCIAL STATEMENTS

    Page

    Condensed
    Consolidated Financial Statements

    Condensed Consolidated Balance Sheets as of April 30, 2025 (unaudited) and July 31, 2024 (audited)
    F-2
  
    Condensed Consolidated Statements of Operations and Comprehensive Losses for the Three and Nine Months Ended April 30, 2025 and 2024 (unaudited)
    F-3
  
    Condensed Consolidated Statements of Changes in Equity for the Nine Months Ended April 30, 2025 and 2024 (unaudited)
    F-4
  
    Condensed Consolidated Statements of Cash Flows for the Nine Months Ended April 30, 2025 and 2024 (unaudited)
    F-5
  
    Notes to the Condensed Consolidated Financial Statements
    F-6
    - F-19

F-1

PHOENIX
PLUS CORP.

CONDENSED
CONSOLIDATED BALANCE SHEETS

AS
OF APRIL 30, 2025  AND JULY 31, 2024

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

    As of  
    As of 

    April 30, 2025 (Unaudited)  
    July 31, 2024 (Audited) 

    ASSETS 

    Current assets 

    Cash at banks 
     156,131  
     434,351 
  
    Trade receivables, net of allowance for credit loss of $27,011 and $25,366 as of April 30, 2025 and July 31, 2024, respectively 
    $11,229  
    $10,964 
  
    Retention sum receivables 
     78,580  
     109,945 
  
    Other receivables, prepayments and deposits 
     44,959  
     12,801 
  
    Contract assets 
     284,949  
     269,434 
  
    Deferred cost 
     2,356  
     4,122 
  
    Total current assets 
     578,204  
     841,617 
  
    Non-current assets 

    Plant and equipment,