Company: RHNO
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001493152-25-022052
Chunk: 121

Company: RHINO BITCOIN INC.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 1B
Chunk 121
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income within the statement of stockholders’ equity.

10

Translation
of amounts from MYR into US$1 and HK$ into US$1 has been made at the following exchange rates for the respective year:

    As of and for the year ended July 31, 

    2025  
    2024 

    Year-end MYR: US$1 exchange rate 
     4.25  
     4.60 
  
    Year-average MYR: US$1 exchange rate 
     4.25  
     4.70 
  
    Year-end HK$: US$1 exchange rate 
     7.85  
     7.81 
  
    Year-average HK$: US$1 exchange rate 
     7.83  
     7.81 

Related
parties

Parties,
which can be a corporation or individual, are considered to be related if the Company has the ability, directly or indirectly, to control
the other party or exercise significant influence over the other party in making financial and operating decisions. Companies are also
considered to be related if they are subject to common control or common significant influence.

Fair
value of financial instruments:

The
carrying value of the Company’s financial instruments: cash and cash equivalents, accounts payable and accrued liabilities, and
amount due to a director approximate at their fair values because of the short-term nature of these financial instruments.

The
Company also follows the guidance of the ASC Topic 820-10, “Fair Value Measurements and Disclosures” (“ASC 820-10”),
with respect to financial assets and liabilities that are measured at fair value. ASC 820-10 establishes a three-tier fair value hierarchy
that prioritizes the inputs used in measuring fair value as follows:

    ●
    Level
    1: Observable inputs such as quoted prices in active markets;

    ●
    Level
    2: Inputs, other than the quoted prices in active markets, that are observable either directly or indirectly; and

    ●
    Level
    3: Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

Leases

Prior
to August 1, 2019, the Company accounted for leases under ASC 840, Accounting for Leases. Effective August 1, 2019, the Company
adopted the guidance of ASC 842, Leases, which requires an