Company: RHNO
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001641172-25-014247
Chunk: 34

Company: RHINO BITCOIN INC.
Filing Date: 2025-06-09
Form: 10-Q
Item: Item 1
Chunk 34
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 $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, and selling and marketing expenses.

Cash
Provided By Financing Activities

For
the nine months ended April 30, 2025 and 2024, net cash provided by financing activities was $0 and $0. The financing cash flow performance
primarily reflects sale of common stock and collection of subscription receivables.

5

Cash
Used In Investing Activities

For
the nine months ended April 30, 2025 and 2024, the net cash used in investing activities was $1,438 and $2,350. The
investing cash flow performance primarily reflects the purchase of plant and equipment.

Credit
Facilities

We
do not have any credit facilities or other access to bank credit.

Off-balance
Sheet Arrangements

We
have no significant off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial
condition, changes in our financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital
resources that are material to our stockholders as of April 30, 2025.

Recent
Accounting Pronouncements

The
Company has implemented all new accounting pronouncements that are in effect. These pronouncements did not