Company: RHNO
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001641172-25-014247
Chunk: 72

Company: RHINO BITCOIN INC.
Filing Date: 2025-06-09
Form: 10-Q
Item: Item 2
Chunk 72
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 of related equipment and
ancillary construction materials such as PV module mounting system and gutters. Solar PV consulting and engineering services include
preparation and submission of documentations to authorities, facility audit and site surveys, and providing seminars and training services.

Our
business is to market and sell solar power products, systems and services. Specifically, we intend to engage in the following:

    ●
    Provide
    end-to-end services from engineering design, planning and procurement, construction and installation up to testing and commissioning;

    ●
    Construction
    and installation of solar PV facilities including residential, commercial and industrial properties, and 

    ●
    Associated
    services and products to complement our core business in the provision of EPCC, and construction and installation services, including
    the provision of solar PV consulting and engineering, and operations and maintenance services, as well as supply of solar PV equipment
    and ancillary system such as gutter and mounting system.

3

Results
of Operation

For
the three months ended April 30, 2025 and 2024

Revenues

For
the three months ended April 30, 2025 and 2024, the Company has generated revenue of $227,910 and $140,901 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 three months ended April 30, 2025 and 2024, cost incurred in providing consultancy services
and installation services are $198,452 and $269,117 respectively. The Company generated gross profit/(loss) of $29,458 and $(128,216)
for the three months ended April 30, 2025 and 2024 respectively.

General
and administrative expenses

For
the three months ended April 30, 2025 and 2024, we had incurred general and administrative expenses in the amount of $164,890 and $78,742.
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 $22,561 and $9 as other income for the three 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 three months ended