Company: RHNO
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001641172-25-014247
Chunk: 19

Company: RHINO BITCOIN INC.
Filing Date: 2025-06-09
Form: 10-Q
Item: Item 1
Chunk 19
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416  
    $81,466 
  
    Total trade payables 
    $108,416  
    $81,466 

    F-12

PHOENIX
PLUS CORP.

NOTES
TO CONDENSED FINANCIAL STATEMENTS

FOR
THE NINE MONTHS ENDED APRIL 30, 2025

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

(UNAUDITED)

11.
OTHER PAYABLES, ACCRUED LIABILITIES AND DEPOSITS RECEIVED

Other
payables, accrued liabilities and deposits received consisted of the following at April 30, 2025 and July 31, 2024:

SCHEDULE OF OTHER PAYABLES AND ACCRUED LIABILITIES

    As of April 30, 2025  
    As of July 31, 2024 

    (Unaudited)  
    (Audited) 
  
    Accrued audit fees 
    $3,000  
    $16,859 
  
    Other payables, accrued liabilities and deposits received (Included $77,870 due to related party) 
    $98,224  
    $17,527 
  
    Total other payables, accrued liabilities and deposits received 
    $101,224  
    $34,386 

The working capital loan is unsecured and the repayment
term is six months started from the date of loan drawdown. The interest rate on working capital loan was 1.5% per month.

12.
REVENUE

For
the period ended April 30, 2025 and 2024, the Company has revenue arise from the following:

SCHEDULE OF REVENUE

    Nine months period ended April 30, 2025  
    Nine months period ended April 30, 2024 

    (Unaudited)  
    (Unaudited) 
  
    Installation service provided 
    $320,540  
    $1,073,259 
  
    Total revenue 
    $320,540  
    $1,073,259 

13.
INCOME TAXES

For
the period ended April 30, 2025 and 2024, the local (United States) and foreign components of loss before income taxes were comprised
of the following:

SCHEDULE OF LOCAL AND FOREIGN COMPONENTS OF INCOME
(LOSS)