10-K Filing

RHINO BITCOIN INC. CIK: 1785493 FY 2020

Filing Information

Form Type	10-K
Accession Number	`0001493152-20-020196`
Period End Date	20200731
Filing Date	20201030
Fiscal Year	2020
Fiscal Period	FY
XBRL Instance	phpc-20200731.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 36 Cash Flow Statement 44 Stockholders Equity 18

Balance Sheet 58 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
Subscription receivables	`SubscriptionReceivablesCurrent`	$197.81K	USD	Point-in-time
Subscription receivables	`SubscriptionReceivablesCurrent`	-	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$10.20K	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$17.94K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Prepayment and deposits	`PrepaymentsAndDepositsCurrent`	$242.94K	USD	Point-in-time
Prepayment and deposits	`PrepaymentsAndDepositsCurrent`	$3.28K	USD	Point-in-time
Cash at banks	`CashAndCashEquivalentsAtCarryingValue`	$1.41M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Cash at banks	`CashAndCashEquivalentsAtCarryingValue`	$2.29M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.50M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.67M	USD	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
Common stock, shares outstanding	`CommonStockSharesOutstanding`	331.92M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	331.92M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$59.85K	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	-	USD	Point-in-time
Lease asset- right of use	`OperatingLeaseRightOfUseAsset`	$14.15K	USD	Point-in-time
Lease asset- right of use	`OperatingLeaseRightOfUseAsset`	$26.82K	USD	Point-in-time
Total Non Current Assets	`AssetsNoncurrent`	$74.00K	USD	Point-in-time
Total Non Current Assets	`AssetsNoncurrent`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.74M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$577.00	USD	Point-in-time
Other payables and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$41.67K	USD	Point-in-time
Other payables and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$15.29K	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$16.63K	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$26.82K	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartiesCurrent`	$6.46K	USD	Point-in-time
Amount due to related parties	`DueToRelatedPartiesCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$21.75K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$58.88K	USD	Point-in-time
Total liabilities	`Liabilities`	$58.88K	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
Common stock, $0.0001 par value, 1,000,000,000 shares authorized 331,917,500 shares issued and outstanding as of July 31, 2020.	`CommonStockValue`	$33.19K	USD	Point-in-time
Common stock, $0.0001 par value, 1,000,000,000 shares authorized 331,917,500 shares issued and outstanding as of July 31, 2020.	`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`	$-812.45K	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-15.43K	USD	Point-in-time
Total stockholders' Equity	`StockholdersEquity`	$2.48M	USD	Point-in-time
Total stockholders' Equity	`StockholdersEquity`	$1.68M	USD	Point-in-time
Total stockholders' Equity	`StockholdersEquity`	$10.00	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' FUND	`LiabilitiesAndStockholdersEquity`	$2.50M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' FUND	`LiabilitiesAndStockholdersEquity`	$1.74M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$61.45K	USD	Annual
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$10.20K	USD	Annual
Cost of revenue	`CostOfRevenue`	-	USD	Annual
Cost of revenue	`CostOfRevenue`	$38.87K	USD	Annual
Gross profit	`GrossProfit`	$22.59K	USD	Annual
Gross profit	`GrossProfit`	$10.20K	USD	Annual
Foreign exchange gain	`ForeignExchangeGain`	$26.32K	USD	Annual
Foreign exchange gain	`ForeignExchangeGain`	$14.42K	USD	Annual
Bank interest	`BankInterest`	-	USD	Annual
Bank interest	`BankInterest`	$15.00	USD	Annual
Selling and distribution expenses	`SellingAndMarketingExpense`	$292.91K	USD	Annual
Selling and distribution expenses	`SellingAndMarketingExpense`	-	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$101.00	USD	Annual
General and administrative expenses	`GeneralAndAdministrativeExpense`	$481.02K	USD	Annual
Other operating expenses	`OtherGeneralExpense`	$72.00K	USD	Annual
Other operating expenses	`OtherGeneralExpense`	$39.95K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-797.02K	USD	Annual
Loss from operations	`OperatingIncomeLoss`	$-15.43K	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Interest expense	`InterestExpense`	-	USD	Annual
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-15.43K	USD	Annual
Loss before income tax	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-797.02K	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
Income tax expense	`IncomeTaxExpenseBenefit`	-	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-797.02K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-15.43K	USD	3 Qtrs
Net loss for the year	`NetIncomeLoss`	$-15.43K	USD	Annual
- Foreign currency translation gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	Annual
- Foreign currency translation gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-15.43K	USD	Annual
Comprehensive loss	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-797.02K	USD	Annual
Net loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Net loss per share - Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	Annual
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	331.92M	shares	Annual
Weighted average number of common shares outstanding - Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	152.85M	shares	Annual

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-797.02K	USD	Annual
Net loss	`NetIncomeLoss`	$-15.43K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-15.43K	USD	Annual
Depreciation	`Depreciation`	$54.41K	USD	Annual
Depreciation	`Depreciation`	-	USD	Annual
Operating lease expenses	`OperatingLeaseCost`	$14.15K	USD	Annual
Operating lease expenses	`OperatingLeaseCost`	-	USD	Annual
Accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$10.20K	USD	Annual
Accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$7.74K	USD	Annual
Other receivables and prepayment	`IncreaseDecreaseInOtherReceivablesAndPrepayments`	$7.62K	USD	Annual
Other receivables and prepayment	`IncreaseDecreaseInOtherReceivablesAndPrepayments`	$3.28K	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$577.00	USD	Annual
Accounts payable	`IncreaseDecreaseInAccountsPayable`	-	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$15.29K	USD	Annual
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$26.38K	USD	Annual
Amount due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$-6.46K	USD	Annual
Amount due to related parties	`IncreaseDecreaseInDueToRelatedParties`	$6.46K	USD	Annual
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$16.63K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-7.16K	USD	Annual
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-734.99K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$114.26K	USD	Annual
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	-	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-114.26K	USD	Annual
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	-	USD	Annual
Proceed from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Proceed from sale of common stock	`ProceedsFromIssuanceOfCommonStock`	$2.50M	USD	Annual
Subscriptions receivables	`ProceedsFromSubscriptionsReceivables`	$-197.81K	USD	Annual
Subscriptions receivables	`ProceedsFromSubscriptionsReceivables`	$197.81K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$197.81K	USD	Annual
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$2.30M	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Annual
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Annual
Net (decrease)/increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-883.49K	USD	Annual
Net (decrease)/increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.29M	USD	Annual
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.29M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.41M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$2.29M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.41M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	Annual
Interest paid	`InterestPaidNet`	-	USD	Annual
Interest paid	`InterestPaidNet`	-	USD	Annual

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Share price	`SharesIssuedPricePerShare`	$0.20	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`	$0.40	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$2.48M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.68M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$10.00	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 year	`NetIncomeLoss`	$-797.02K	USD	Annual
Net loss for the year	`NetIncomeLoss`	$-15.43K	USD	3 Qtrs
Net loss for the year	`NetIncomeLoss`	$-15.43K	USD	Annual
Ending balance	`StockholdersEquity`	$2.48M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.68M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$10.00	USD	Point-in-time

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