Company: RHNO
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001641172-25-014247
Chunk: 73

Company: RHINO BITCOIN INC.
Filing Date: 2025-06-09
Form: 10-Q
Item: Item 2
Chunk 73
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 April 30, 2025 and 2024 were $115,119 and $212,310 respectively. The net loss mainly derived from the
general and administrative expenses incurred.

4

For
the nine months ended April 30, 2025 and 2024

Revenues

For
the nine months ended April 30, 2025 and 2024, the Company has generated revenue of $320,540 and $1,073,259 respectively. The
revenue represented income from solar PV system installation services, consultancy services provided to our customers on engineering,
equipment procurement and transportation, construction on solar plant.

Cost
of Revenue and Gross Margin

For
the nine months ended April 30, 2025 and 2024, cost incurred in providing consultancy services
and installation services are $289,135 and $1,149,608 respectively. The Company generated gross profit/(loss) of $31,405 and $(76,349)
for the nine months ended April 30, 2025 and 2024 respectively.

General
and administrative expenses

For
the nine months ended April 30, 2025 and 2024, we had incurred general and administrative expenses in the amount of $415,816 and $278,228.
These expenses are comprised of salary, consultancy fees for listing advisory, professional fee, compliance fee, office and outlet operation
expenses and depreciation.

Other
Income

The
Company recorded an amount of $42,947 and $27 as other income for the nine months ended April 30, 2025 and 2024. This income is derived
from the interest income and foreign exchange gain.

Net
Loss

Our
net loss for nine months ended April 30, 2025 and 2024 were $346,760 and $369,057. The net loss mainly derived from the general and administrative
expenses incurred.

Liquidity
and Capital Resources

As
of April 30, 2025 and 2024, we had cash and cash equivalents of $156,131 and $561,363. We expect increased levels of operations going
forward will result in more significant cash flow and in turn working.

Cash
Used In Operating Activities

For
the nine months ended April 30, 2025 and 2024, net cash used in operating activities was $256,857 and $509,914 respectively. The increase
in cash used in operating activities was mainly for payment of general and administrative expenses,