Company: RHNO
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001641172-25-014247
Chunk: 2

Company: RHINO BITCOIN INC.
Filing Date: 2025-06-09
Form: 10-Q
Item: Item 1
Chunk 2
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    TOTAL LIABILITIES AND STOCKHOLDERS’ FUND 
     637,911  
     921,631 

See
accompanying notes to condensed consolidated financial statements.

F-2

PHOENIX
PLUS CORP.

CONDENSED
CONSOLIDATED STATEMENTS OF OPERATIONS

AND
COMPREHENSIVE LOSSES

FOR
THE THREE AND NINE MONTHS ENDED APRIL 30, 2025 and 2024

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

(Unaudited)

    2025  
    2024  
    2025  
    2024 

    Three Months Ended April 30  
    Nine Months Ended April 30 

    2025  
    2024  
    2025  
    2024 

    Revenue 
    $227,910  
    $140,901  
    $320,540  
    $1,073,259 

    Cost of revenue 
    $(198,452) 
    $(269,117) 
    $(289,135) 
    $(1,149,608)

    Gross profit/(loss) 
    $29,458  
    $(128,216) 
    $31,405  
    $(76,349)

    Other income 
    $22,561  
    $9  
    $42,947  
    $27 

    Operating expenses: 

    General and administrative expenses (Included management fee of $160,000 paid to a related party) 
    $(164,890) 
    $(78,742) 
    $(415,816) 
    $(278,228)
  
    Finance cost  (Included finance cost of $1,355 paid to a related party) 
    $(1,908) 
    $(1,117) 
    $(3,800) 
    $(3,743)
  
    Other operating expenses 
    $(248) 
    $(4,244) 
    $(1,002) 
    $(10,764)

    Loss before income tax 
    $(115,027) 
    $(212,310) 
    $(346,266) 
    $(369,057)

    Income tax expense 
    $(54) 
    $-  
    $(494) 
    $- 

    Net loss