10-Q Filing

RHINO BITCOIN INC. CIK: 1785493 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-21-031487`
Period End Date	20211031
Filing Date	20211215
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 30 Cash Flow Statement 38 Stockholders Equity 10

Balance Sheet 62 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
Trade receivables	`AccountsReceivableNetCurrent`	$39.90K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$39.22K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepayment and deposits	`PrepaymentsAndDepositsCurrent`	$244.35K	USD	Point-in-time
Prepayment and deposits	`PrepaymentsAndDepositsCurrent`	$6.88K	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash in bank	`CashAndCashEquivalentsAtCarryingValue`	$1.88M	USD	Point-in-time
Cash in bank	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	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
Total Current Assets	`AssetsCurrent`	$1.92M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.20M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	332.70M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	332.70M	shares	Point-in-time
Lease asset- right of use	`OperatingLeaseRightOfUseAsset`	$34.67K	USD	Point-in-time
Lease asset- right of use	`OperatingLeaseRightOfUseAsset`	$38.85K	USD	Point-in-time
Lease asset- right of use	`OperatingLeaseRightOfUseAsset`	$40.45K	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	332.70M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	332.70M	shares	Point-in-time
Equity method investment	`EquityMethodInvestments`	$231.98K	USD	Point-in-time
Equity method investment	`EquityMethodInvestments`	-	USD	Point-in-time
Total Non-current Assets	`AssetsNoncurrent`	$38.85K	USD	Point-in-time
Total Non-current Assets	`AssetsNoncurrent`	$266.65K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.23M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.19M	USD	Point-in-time
Lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$19.10K	USD	Point-in-time
Lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$14.26K	USD	Point-in-time
Account payable	`AccountsPayableCurrent`	$34.25K	USD	Point-in-time
Account payable	`AccountsPayableCurrent`	$38.74K	USD	Point-in-time
Others payables and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$24.97K	USD	Point-in-time
Others payables and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$28.68K	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$40.45K	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$19.75K	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$20.41K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$79.63K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$87.17K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$106.26K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$93.89K	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, 332,699,500 shares issued and outstanding as of October 31, 2021 and July 31, 2021	`CommonStockValue`	$33.27K	USD	Point-in-time
Common Shares, par value $0.0001; 1,000,000,000 shares authorized, 332,699,500 shares issued and outstanding as of October 31, 2021 and July 31, 2021	`CommonStockValue`	$33.27K	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.25M	USD	Point-in-time
Additional paid in capital	`AdditionalPaidInCapital`	$3.25M	USD	Point-in-time
Accumulated other comprehensive profit	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated other comprehensive profit	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	-	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.18M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.15M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$1.68M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$2.13M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$1.65M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$2.10M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$2.19M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$2.23M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$14.19K	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$19.92K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$9.07K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$16.33K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$5.13K	USD	1 Quarter
GROSS PROFIT	`GrossProfit`	$3.59K	USD	1 Quarter
OTHER INCOME	`OtherNonoperatingIncome`	$35.15K	USD	1 Quarter
OTHER INCOME	`OtherNonoperatingIncome`	$21.56K	USD	1 Quarter
SELLING AND DISTRIBUTION EXPENSES	`SellingAndMarketingExpense`	$5.62K	USD	1 Quarter
SELLING AND DISTRIBUTION EXPENSES	`SellingAndMarketingExpense`	-	USD	1 Quarter
EQUITY METHOD LOSS	`GainLossOnInvestments`	-	USD	1 Quarter
EQUITY METHOD LOSS	`GainLossOnInvestments`	$-58.00	USD	1 Quarter
GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	$69.35K	USD	1 Quarter
GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	$56.40K	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-30.67K	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-35.34K	USD	1 Quarter
INCOME TAXES PROVISION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
INCOME TAXES PROVISION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-30.67K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-35.34K	USD	1 Quarter
Net Loss attributable to Non-Controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Net Loss attributable to Non-Controlling Interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
- Foreign exchange adjustment gain/(loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
- Foreign exchange adjustment gain/(loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	-	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-35.34K	USD	1 Quarter
COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-30.67K	USD	1 Quarter
Net loss per share- Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
Net loss per share- Basic and diluted	`EarningsPerShareBasicAndDiluted`	-	USD	1 Quarter
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`	332.70M	shares	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-30.67K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-35.34K	USD	1 Quarter
Equity method investment loss	`GainLossOnInvestments`	-	USD	1 Quarter
Equity method investment loss	`GainLossOnInvestments`	$-58.00	USD	1 Quarter
Depreciation	`Depreciation`	$16.32K	USD	1 Quarter
Depreciation	`Depreciation`	-	USD	1 Quarter
Operating lease expenses	`OperatingLeaseExpenses`	$4.18K	USD	1 Quarter
Operating lease expenses	`OperatingLeaseExpenses`	$3.59K	USD	1 Quarter
Accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$-676.00	USD	1 Quarter
Accounts receivables	`IncreaseDecreaseInAccountsReceivable`	$14.19K	USD	1 Quarter
Other receivables and prepayment	`IncreaseDecreaseInOtherReceivablesAndPrepayments`	$-4.55K	USD	1 Quarter
Other receivables and prepayment	`IncreaseDecreaseInOtherReceivablesAndPrepayments`	$-5.43K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-4.49K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-577.00	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$-3.71K	USD	1 Quarter
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$134.15K	USD	1 Quarter
Amount due to related parties	`IncreaseDecreaseInDueToRelatedParties`	-	USD	1 Quarter
Amount due to related parties	`IncreaseDecreaseInDueToRelatedParties`	-	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-4.23K	USD	1 Quarter
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-4.18K	USD	1 Quarter
Net cash (used) and generate from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-32.70K	USD	1 Quarter
Net cash (used) and generate from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$104.27K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	1 Quarter
Net (decrease)/increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-32.70K	USD	1 Quarter
Net (decrease)/increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$104.27K	USD	1 Quarter
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.51M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.41M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.91M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.88M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.51M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.41M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.91M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF YEAR	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.88M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter
Interest paid	`InterestPaidNet`	-	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$1.68M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.13M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.65M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$2.10M	USD	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-30.67K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-35.34K	USD	1 Quarter
Ending balance, value	`StockholdersEquity`	$1.68M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.13M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.65M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$2.10M	USD	Point-in-time

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