Company: RHNO
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001493152-25-022052
Chunk: 410

Company: RHINO BITCOIN INC.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 5
Chunk 410
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 CENTURION & PARTNERS PLT

    We
    have served as the Company’s auditor since 2022. 

    JP
    Centurion & Partners PLT (PCAOB: 6723)

    Kuala
    Lumpur, Malaysia

    November 13, 2025

F-3

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

CONSOLIDATED
BALANCE SHEETS

AS
OF JULY 31, 2025 and 2024

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

(Audited)

    As of  
    As of 

    July 31, 2025 (Audited)  
    July 31, 2024 (Audited) 

    ASSETS 

    Current assets 

    Cash at banks 
    $25,052  
    $434,351 
  
    Trade receivables, net of allowance for credit loss of $0 and $116,687 as of July 31, 2025 and July 31, 2024, respectively 
     202,461  
     10,964 
  
    Retention sum receivables 
     90,461  
     109,945 
  
    Other receivables, prepayments and deposits 
     1,001,736  
     12,801 
  
    Contract assets 
     213,187  
     269,434 
  
    Deferred cost 
     -  
     4,122 
  
    Total current assets 
     1,532,897  
     841,617 
  
    Non-current assets 

    Property, plant and equipment, net 
     18,777  
     20,817 
  
    Lease right-of-use asset 
     -  
     59,197 
  
    Equity method investment 
     -  
     - 
  
    Total non-current assets 
     18,777  
     80,014 

    TOTAL ASSETS 
     1,551,674  
     921,631 

    LIABILITIES AND STOCKHOLDERS’ EQUITY 

    Non-current liabilities 

    Operating lease liabilities, non-current 
    $-  
    $31,553 
  
    Total non-current