Company: RHNO
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001493152-25-022052
Chunk: 659

Company: RHINO BITCOIN INC.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 9
Chunk 659
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OWN AS RHINO BITCOIN INC.)

CONSOLIDATED
STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS

FOR
THE YEARS ENDED JULY 31, 2025 AND 2024

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

(Audited)

    July 31, 2025 (Audited)  
    July 31, 2024 (Audited) 

    Revenue 
    $478,159  
    $1,232,326 

    Cost of revenue 
     (411,361) 
     (1,284,930)

    Gross profit / (loss) 
     66,798  
     (52,604)

    Other income 
     57,491  
     3,692 

    Operating expenses: 

    General and administrative expenses (Included management fee of $200,000 (2024: Nil) paid to a related party) 
     (572,495) 
     (379,088)
  
    Finance cost 
     (9,317) 
     (4,830)
  
    Other operating expenses 
     (360) 
     (4,951)

    Loss before income tax 
     (457,883) 
     (437,781)

    Income tax expense 
     (481) 
     - 

    Net loss for the year 
    $(458,364) 
    $(437,781)

    Other comprehensive loss: 

    - Foreign currency translation loss 
     (20,283) 
     (8,092)

    Comprehensive loss 
    $(478,647) 
    $(445,873)

    Net loss per share - Basic and diluted 
     (0.0687) 
     (0.0658)

    Weighted average number of common shares outstanding - Basic and diluted 
     6,676,341  
     6,653,990 

See
accompanying notes to consolidated financial statements.

F-5

PHOENIX PLUS CORP. (NOW KNOWN AS RHINO BITCOIN INC.)

CONSOLIDATED
STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY 

FOR
THE YEARS ENDED JULY 31, 2025 AND 2024

(Currency
expressed in United States Dollars (“US$