Company: RHNO
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001493152-25-022052
Chunk: 731

Company: RHINO BITCOIN INC.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 9A
Chunk 731
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 31, 2025 and July 31, 2024 respectively. The Company adopted ASC 842 on
and after August 1, 2019.

16.
CONCENTRATION OF RISK

The
Company is exposed to the following concentrations of risk:

 SCHEDULE
OF CONCENTRATION OF RISK

    (a)
    Major
    customers

For
the year ended July 31, 2025 and 2024, the customers who accounted for 10% or more of the Company’s sales and its outstanding receivable
balance at year-end are presented as follows:

    For the year ended July 31 

    2025  
    2024  
    2025  
    2024  
    2025  
    2024 

    Revenue  
    Percentage of Revenue  
    Trade Receivable 

    Customer A 
    $400,465  
    $-  
     84% 
               -  
    $201,143  
     - 
  
    Customer B 
     -  
    $631,931  
     -  
     51% 
     -  
    $628 
  
    Customer C 
     -  
    $581,406  
     -  
     47% 
     -  
    $7,183 

    $400,465  
    $1,213,337  
     84% 
     98% 
    $201,143  
    $7,811 

    (b)
    Major
    vendors

For
the year ended July 31, 2025 and 2024, the vendors who accounted for 10% or more of the Company’s purchases and its outstanding
payable balance at year-end are presented as follows:

    For the year ended July 31 

    2025  
    2024  
    2025  
    2024  
    2025  
    2024 

    Cost of Revenue  
    Percentage of Cost of Revenue  
    Trade Payable 
  
    Vendor A 
    $94,757  
     -  
     23% 
     -  
     -  
     - 
  
    Vendor B 
    $53,701