Company: RHNO
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001641172-25-014247
Chunk: 6

Company: RHINO BITCOIN INC.
Filing Date: 2025-06-09
Form: 10-Q
Item: Item 1
Chunk 6
---
,230  
    $(44,560) 
    $(2,518,707) 
    $715,233 

See
accompanying notes to condensed consolidated financial statements.

F-4

PHOENIX
PLUS CORP.

CONDENSED
CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR
THE NINE MONTHS ENDED APRIL 30, 2025 and 2024

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

(Unaudited)

    2025  
    2024 

    Nine months ended April 30 

    2025  
    2024 
  
    CASH FLOWS FROM OPERATING ACTIVITIES: 

    Net loss 
    $(346,760) 
    $(369,057)
  
    Adjustments to reconcile net loss to net cash used in operating activities: 

    Depreciation and amortization of right-of-use asset 
     4,184  
     21,063 
  
    Operating lease liabilities 
     22,652  
     - 
  
    Changes in operating assets and liabilities: 

    Trade receivables 
     (265) 
     (59,896)
  
    Contract assets 
     (15,515) 
     (105,620)
  
    Other receivables, prepayment and deposits 
     (32,158) 
     (423)
  
    Deferred cost 
     1,766  
     (29,508)
  
    Retention sum receivables 
     31,365  
     (106,026)
  
    Trade payables 
     26,950  
     112,645 
  
    Other payables and accrued liabilities 
     66,838  
     (16,540)
  
    Retention sum payables 
     2,955  
     65,284 
  
    Operating lease liabilities 
     (19,363) 
     (21,836)
  
    Income tax payable 
     494  
     - 
  
    Net cash used in operating activities 
     (256,857) 
     (509,914)

    CASH FLOWS FROM INVESTING ACTIVITY 

    Purchase of plant and equipment 
     (1,438) 
     (2