Company: RHNO
Filing Date: 2025-11-13
Form Type: 10-K
Source: 0001493152-25-022052
Chunk: 590

Company: RHINO BITCOIN INC.
Filing Date: 2025-11-13
Form: 10-K
Item: Item 7A
Chunk 590
---
2024 
     1,534  
     1,534 
  
    Add: new lease addition from August 1, 2024 to July 31, 2026 
     86,817  
     86,817 
  
    Less: gross repayment 
     (139,955) 
     (110,167)
  
    Less: written off due to early termination 
     (39,601) 
     - 
  
    Add: imputed interest 
     8,353  
     5,064 
  
    Foreign exchange translation gain 
     3,573  
     (1,505)
  
    Balance as of July 31, 2025 
     -  
     61,022 
  
    Less: lease liability current portion 
     -  
     (29,469)
  
    Lease liability non-current portion 
    $-  
    $31,553 

For
the year ended July 31, 2025 and July 31, 2024, the amortization of the operating lease right of use asset are $25,393 and $26,099
respectively.

    F-20

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

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE YEARS ENDED JULY 31, 2025 AND 2024

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

Other
information:

 SCHEDULE OF OTHER INFORMATION

    2025  
    2024 

    Year ended July 31, 

    2025  
    2024 

    (Audited)  
    (Audited) 
  
    Cash paid for amounts included in the measurement of lease liabilities: 

    Operating cash flow from operating lease 
    $29,115  
    $25,795 
  
    Right-of-use assets obtained in exchange for operating lease liabilities 
     -  
     - 
  
    Remaining lease term for operating lease (years) 

    Lease 1 
     -  
     - 
  
    Lease 2 
     -  
     - 
  
    Lease 3 
     -  
     2.25 
  
    Weighted average discount rate for operating