Company: RHNO
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001493152-25-022052
Chunk: 499

Company: RHINO BITCOIN INC.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 7
Chunk 499
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2025, the accumulated loss for the Company increased from $2,587,431 to $3,045,795.

Liquidity
and Capital Resources

As
of July 31, 2025, we had cash and cash equivalents of $25,052 as compared to $434,351 for the year ended July 31, 2024.

Over the next twelve months, we expect to incur approximately $3.5 million
in general and administrative expenses to execute our business plan, including substantial investments in sales, marketing, research,
and technical development. We must obtain additional financing to continue our operations. We may not
be able to obtain additional funding on terms that are favorable to us or at all. We may not be able to obtain sufficient funding to continue
our operations, or to generate adequate revenues or to operate profitably in the future. These conditions raise substantial doubt about
our ability to continue as a going concern.

As discussed above, on August 19, 2025, we completed the Reverse Acquisition, and this discussion of our liquidity
and capital resources over the next twelve months relates to our business following the Reverse Acquisition.

Cash
Used In Operating Activities

For
the year ended July 31, 2025 and 2024, net cash used in operating activities was $387,521 and $653,119. The cash used in operating activities
was mainly for payment of general and administrative expenses.

Cash
Used In Investing Activities

For
the financial year ended July 31, 2025 and 2024, net cash used in investing activities was $3,030 and $13,967. The investing cash
flow performance primarily reflects the purchase of property, plant and equipment.

Credit
Facilities

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

8

Critical
Accounting Policies and Estimates

Going
Concern

The
accompanying financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement
of liabilities and commitments in the normal course of business. As reflected in the accompanying financial statements, for the year
ended July 31, 2025, the Company suffered an accumulated deficit of $3,045,795, negative operating cash flows of $387,521 and net loss
of $458,364. The financial statements do not include any adjustments that might
be necessary if the Company is unable to continue as a going concern.

The
Company’s ability to continue as a