Company: RHNO
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001493152-25-022052
Chunk: 661

Company: RHINO BITCOIN INC.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 9
Chunk 661
---
20,283) 
     -  
     (20,283)
  
    Balance as of July 31, 2025 
     7,133,985  
    $713  
    $4,237,787  
    $(34,292) 
    $(3,045,795) 
    $1,158,413 
  
    Balance  
     7,133,985  
    $713  
    $4,237,787  
    $(34,292) 
    $(3,045,795) 
    $1,158,413 

*Common stock has
been adjusted on a retroactive basis to reflect 1-for-50 reverse stock split effective on June 27, 2025.

See
accompanying notes to consolidated financial statements

F-6

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

CONSOLIDATED
STATEMENTS OF CASH FLOWS  

FOR
THE YEARS ENDED JULY 31, 2025 AND 2024

(Currency
expressed in United States Dollars (“US$”))

(Audited)

    2025  
    2024 

    Year ended July 31 

    2025  
    2024 
  
    CASH FLOWS FROM OPERATING ACTIVITIES: 

    Net loss for the year 
    $(458,364) 
    $(437,781)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Allowance for credit losses 
     -  
     24,827 
  
    Amortization of right-of-use assets 
     25,393  
     26,099 
  
    Depreciation 
     5,677  
     2,896 
  
    Fixed assets written off 
     907  
     - 
  
    Lease assets written off 
     (1,152) 
     - 
  
    Changes in operating assets and liabilities: 

    Trade receivables 
     (191,497) 
     (23,703)
  
    Retention sum receivable 
     19,484  
     (109,945)
  
    Other receivables, prepayments and deposits 
     (28,935) 
     2,192 
  
    Contract