Company: RHNO
Filing Date: 2025-06-09
Form Type: 10-Q
Source: 0001641172-25-014247
Chunk: 23

Company: RHINO BITCOIN INC.
Filing Date: 2025-06-09
Form: 10-Q
Item: Item 1
Chunk 23
---
 2025 (Unaudited)  
    As of July 31, 2024 (Audited) 
  
    Gross lease payable 
    $107,053  
    $107,053 
  
    Less: imputed interest 
     (9,359) 
     (9,359)
  
    Recognition 
    $97,694  
    $97,694 

As
of April 30, 2025 and July 31, 2024, operating lease right of use asset as follow:

 SCHEDULE OF OPERATING LEASE RIGHT OF USE ASSET 

    As of April 30, 2025 (Unaudited)  
    As of July 31, 2024 (Audited) 
  
    Initial recognition as of August 1, 2019 
    $26,772  
    $26,772 
  
    Additional portion from July 31, 2020 to June 30, 2021 
     2,719  
     2,719 
  
    Add: new lease addition from July 1, 2021 to June 30, 2023 
     40,445  
     40,445 
  
    Add: new lease addition from June 1, 2022 to May 31, 2023 
     9,343  
     9,343 
  
    Add: new lease addition from June 1, 2023 to July 31, 2023 
     1,534  
     1,534 
  
    Add: new lease addition from August 1, 2023 to July 31, 2026 
     86,817  
     86,817 
  
    Accumulated amortization 
     (128,313) 
     (105,299)
  
    Foreign exchange translation loss 
     1,128  
     (3,134)
  
    Balance 
    $40,445  
    $59,197 

    F-15

PHOENIX
PLUS CORP.

NOTES
TO CONDENSED FINANCIAL STATEMENTS

FOR
THE NINE MONTHS ENDED APRIL 30, 2024

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

(UNAUDITED)

As
of April 30, 2025 and July