10-Q Filing

RHINO BITCOIN INC. CIK: 1785493 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001493152-20-003981`
Period End Date	20200131
Filing Date	20200316
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	phpc-20200131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 61 Income Statement 49 Cash Flow Statement 49 Stockholders Equity 20

Balance Sheet 61 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$92.50K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Operating lease asset-right of use	`OperatingLeaseRightOfUseAsset`	$19.95K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Operating lease asset-right of use	`OperatingLeaseRightOfUseAsset`	$26.82K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Non Current Assets	`AssetsNoncurrent`	$112.44K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Non Current Assets	`AssetsNoncurrent`	-	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	331.92M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	331.92M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.29M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.81M	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$10.26K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	331.92M	shares	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$10.20K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	331.92M	shares	Point-in-time
Prepayments and deposits	`PrepaymentsAndDepositsCurrent`	$3.28K	USD	Point-in-time
Prepayments and deposits	`PrepaymentsAndDepositsCurrent`	$8.76K	USD	Point-in-time
Subscription receivables	`SubscriptionReceivablesCurrent`	$197.81K	USD	Point-in-time
Subscription receivables	`SubscriptionReceivablesCurrent`	-	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.83M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.50M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.50M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.94M	USD	Point-in-time
Trade payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Trade payable	`AccountsPayableCurrent`	$22.05K	USD	Point-in-time
Other payables and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$5.29K	USD	Point-in-time
Other payables and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$15.29K	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartiesCurrent`	$6.46K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$26.82K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$14.15K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$21.75K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$41.49K	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	-	USD	Point-in-time
Operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$6.54K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$48.03K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$21.75K	USD	Point-in-time
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.0001 par value; 200,000,000 shares authorized; None issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common Shares, par value $0.0001; 1,000,000,000 shares authorized, 331,917,500 shares issued and outstanding as of January 31, 2020 and July 31, 2019	`CommonStockValue`	$33.19K	USD	Point-in-time
Common Shares, par value $0.0001; 1,000,000,000 shares authorized, 331,917,500 shares issued and outstanding as of January 31, 2020 and July 31, 2019	`CommonStockValue`	$33.19K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.46M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$2.46M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.43K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-600.47K	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$1.90M	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$10.00	USD	Point-in-time
TOTAL STOCKHOLDERS' EQUITY	`StockholdersEquity`	$2.48M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$2.50M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.94M	USD	Point-in-time

Income Statement 49 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$38.38K	USD	2 Qtrs
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$23.08K	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	2 Qtrs
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	-	USD	2 Qtrs
COST OF REVENUE	`CostOfRevenue`	$30.88K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$31.71K	USD	2 Qtrs
COST OF REVENUE	`CostOfRevenue`	-	USD	1 Quarter
GROSS (LOSS)/ PROFIT	`GrossProfit`	$6.67K	USD	2 Qtrs
GROSS (LOSS)/ PROFIT	`GrossProfit`	-	USD	2 Qtrs
GROSS (LOSS)/ PROFIT	`GrossProfit`	$-7.80K	USD	1 Quarter
GROSS (LOSS)/ PROFIT	`GrossProfit`	-	USD	1 Quarter
OTHER INCOME	`OtherIncome`	$11.20K	USD	2 Qtrs
OTHER INCOME	`OtherIncome`	-	USD	1 Quarter
OTHER INCOME	`OtherIncome`	-	USD	2 Qtrs
OTHER INCOME	`OtherIncome`	$8.18K	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$602.91K	USD	2 Qtrs
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	-	USD	2 Qtrs
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	$310.72K	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`SellingGeneralAndAdministrativeExpense`	-	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-310.34K	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-585.04K	USD	2 Qtrs
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	-	USD	2 Qtrs
INCOME TAX PROVISION	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
INCOME TAX PROVISION	`IncomeTaxExpenseBenefit`	-	USD	2 Qtrs
INCOME TAX PROVISION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
INCOME TAX PROVISION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	-	USD	2 Qtrs
NET LOSS	`NetIncomeLoss`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-15.43K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-310.34K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-585.04K	USD	2 Qtrs
OTHER COMPREHENSIVE LOSS	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
OTHER COMPREHENSIVE LOSS	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	2 Qtrs
OTHER COMPREHENSIVE LOSS	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	1 Quarter
OTHER COMPREHENSIVE LOSS	`OtherComprehensiveIncomeLossNetOfTax`	-	USD	2 Qtrs
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-585.04K	USD	2 Qtrs
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-310.34K	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	-	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	-	USD	2 Qtrs
Net loss per share, basic and diluted:	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Net loss per share, basic and diluted:	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share, basic and diluted:	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share, basic and diluted:	`EarningsPerShareBasicAndDiluted`	-	USD	2 Qtrs
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	100,000.00	shares	2 Qtrs
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	331.92M	shares	1 Quarter
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	100,000.00	shares	1 Quarter
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	331.92M	shares	2 Qtrs

Cash Flow Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	-	USD	2 Qtrs
Net loss	`NetIncomeLoss`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-15.43K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-310.34K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-585.04K	USD	2 Qtrs
Depreciation	`Depreciation`	-	USD	2 Qtrs
Depreciation	`Depreciation`	$21.76K	USD	2 Qtrs
Operating lease expenses	`OperatingLeaseCost`	-	USD	2 Qtrs
Operating lease expenses	`OperatingLeaseCost`	$6.83K	USD	2 Qtrs
Amount due from director	`AmountDueFromDirector`	-	USD	2 Qtrs
Amount due from director	`AmountDueFromDirector`	$-10.00	USD	2 Qtrs
Accounts receivables	`IncreaseDecreaseInAccountsReceivable`	-	USD	2 Qtrs
Accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$52.00	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$22.05K	USD	2 Qtrs
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	2 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-10.00K	USD	2 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	-	USD	2 Qtrs
Other receivables and prepayment	`IncreaseDecreaseInOtherReceivablesAndPrepayments`	$5.48K	USD	2 Qtrs
Other receivables and prepayment	`IncreaseDecreaseInOtherReceivablesAndPrepayments`	-	USD	2 Qtrs
Amount due to related party	`IncreaseDecreaseInDueToRelatedParties`	-	USD	2 Qtrs
Amount due to related party	`IncreaseDecreaseInDueToRelatedParties`	$-6.46K	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-6.08K	USD	2 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	-	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-562.48K	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.00	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	2 Qtrs
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$114.26K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-114.26K	USD	2 Qtrs
Subscriptions receivables	`ProceedsFromSubscriptionsReceivables`	$10.00	USD	2 Qtrs
Subscriptions receivables	`ProceedsFromSubscriptionsReceivables`	$197.81K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$197.81K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	-	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-478.93K	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.81M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.29M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.81M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.29M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	2 Qtrs
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs
Interest paid	`InterestPaidNet`	-	USD	2 Qtrs

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Share price	`SharesIssuedPricePerShare`	$0.40	USD	Point-in-time
Share price	`SharesIssuedPricePerShare`	$0.10	USD	Point-in-time
Share price	`SharesIssuedPricePerShare`	$0.00	USD	Point-in-time
Share price	`SharesIssuedPricePerShare`	$0.20	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.90M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$10.00	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.48M	USD	Point-in-time
Issuance of share capital - founder's shares from March 29, 2019 to April 1, 2019 at $0.0001 per share	`StockIssuedDuringPeriodValueNewIssues`	$29.99K	USD	3 Qtrs
Share issued in private placement completed on April 16, 2019 at $0.03 per share	`StockIssuedDuringThePeriodValueInPrivatePlacement`	$753.00K	USD	3 Qtrs
Shares issued in private placement completed on May 10, 2019 at $0.10 per share	`StockIssuedDuringThePeriodValueInPrivatePlacementOne`	$200.00K	USD	3 Qtrs
Shares issued in private placement completed on June 18, 2019 at $0.20 per share	`StockIssuedDuringThePeriodValueInPrivatePlacementTwo`	$413.50K	USD	3 Qtrs
Shares issued in private placement completed on July 25, 2019 at $0.40 per share	`StockIssuedDuringThePeriodValueInPrivatePlacementThree`	$1.10M	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	-	USD	2 Qtrs
Net loss for the period	`NetIncomeLoss`	-	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-15.43K	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-310.34K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-585.04K	USD	2 Qtrs
Ending balance	`StockholdersEquity`	$1.90M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$10.00	USD	Point-in-time
Ending balance	`StockholdersEquity`	$2.48M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.