10-Q Filing

RHINO BITCOIN INC. CIK: 1785493 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001493152-22-016371`
Period End Date	20220430
Filing Date	20220610
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	form10-q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 52 Cash Flow Statement 40 Stockholders Equity 12

Balance Sheet 59 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
Lease asset- right of use	`OperatingLeaseRightOfUseAsset`	$38.85K	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Lease asset- right of use	`OperatingLeaseRightOfUseAsset`	$23.40K	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
Equity method investment	`EquityMethodInvestments`	-	USD	Point-in-time
Equity method investment	`EquityMethodInvestments`	$231.71K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$38.85K	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total Non-Current Assets	`AssetsNoncurrent`	$255.10K	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`	332.70M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	332.70M	shares	Point-in-time
Trade receivable	`AccountsReceivableNetCurrent`	-	USD	Point-in-time
Trade receivable	`AccountsReceivableNetCurrent`	$39.90K	USD	Point-in-time
Prepayment and deposits	`PrepaymentsAndDepositsCurrent`	$7.12K	USD	Point-in-time
Prepayment and deposits	`PrepaymentsAndDepositsCurrent`	$244.35K	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
Cash in bank	`CashAndCashEquivalentsAtCarryingValue`	$1.91M	USD	Point-in-time
Cash in bank	`CashAndCashEquivalentsAtCarryingValue`	$1.68M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$2.20M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$1.69M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.19M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.95M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.23M	USD	Point-in-time
Trade payable	`AccountsPayableCurrent`	$38.74K	USD	Point-in-time
Trade payable	`AccountsPayableCurrent`	-	USD	Point-in-time
Other payables and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$28.68K	USD	Point-in-time
Other payables and accrued liabilities	`AccountsPayableAndOtherAccruedLiabilitiesCurrent`	$58.20K	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$19.96K	USD	Point-in-time
Lease liabilities, current	`OperatingLeaseLiabilityCurrent`	$19.75K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$78.16K	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$87.17K	USD	Point-in-time
Lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$3.44K	USD	Point-in-time
Lease liabilities, non-current	`OperatingLeaseLiabilityNoncurrent`	$19.10K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$81.60K	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$106.27K	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 April 30, 2022 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 April 30, 2022 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 deficit	`RetainedEarningsAccumulatedDeficit`	$-1.41M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.15M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$2.13M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$1.68M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$1.86M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$1.46M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$1.95M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$2.23M	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$14.62K	USD	1 Quarter
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$19.92K	USD	3 Qtrs
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	$28.82K	USD	3 Qtrs
REVENUE	`RevenueFromContractWithCustomerExcludingAssessedTax`	-	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$43.13K	USD	3 Qtrs
COST OF REVENUE	`CostOfRevenue`	$12.95K	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	-	USD	1 Quarter
COST OF REVENUE	`CostOfRevenue`	$16.33K	USD	3 Qtrs
GROSS PROFIT/(LOSS)	`GrossProfit`	$3.59K	USD	3 Qtrs
GROSS PROFIT/(LOSS)	`GrossProfit`	$-14.32K	USD	3 Qtrs
GROSS PROFIT/(LOSS)	`GrossProfit`	-	USD	1 Quarter
GROSS PROFIT/(LOSS)	`GrossProfit`	$1.68K	USD	1 Quarter
OTHER INCOME	`OtherNonoperatingIncome`	$37.32K	USD	3 Qtrs
OTHER INCOME	`OtherNonoperatingIncome`	-	USD	1 Quarter
OTHER INCOME	`OtherNonoperatingIncome`	$37.46K	USD	3 Qtrs
OTHER INCOME	`OtherNonoperatingIncome`	$1.87K	USD	1 Quarter
EQUITY METHOD LOSS	`GainLossOnInvestments`	$-131.00	USD	1 Quarter
EQUITY METHOD LOSS	`GainLossOnInvestments`	-	USD	3 Qtrs
EQUITY METHOD LOSS	`GainLossOnInvestments`	-	USD	1 Quarter
EQUITY METHOD LOSS	`GainLossOnInvestments`	$-335.00	USD	3 Qtrs
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	$242.98K	USD	3 Qtrs
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	$135.30K	USD	1 Quarter
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	$304.24K	USD	3 Qtrs
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES	`GeneralAndAdministrativeExpense`	$159.84K	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-219.98K	USD	3 Qtrs
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-263.53K	USD	3 Qtrs
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-158.10K	USD	1 Quarter
LOSS BEFORE INCOME TAX	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-133.62K	USD	1 Quarter
INCOME TAX PROVISION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
INCOME TAX PROVISION	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
INCOME TAX PROVISION	`IncomeTaxExpenseBenefit`	-	USD	1 Quarter
INCOME TAX PROVISION	`IncomeTaxExpenseBenefit`	-	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-158.10K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-263.53K	USD	3 Qtrs
NET LOSS	`NetIncomeLoss`	$-133.62K	USD	1 Quarter
NET LOSS	`NetIncomeLoss`	$-219.98K	USD	3 Qtrs
OTHER COMPREHENSIVE LOSS	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	-	USD	1 Quarter
OTHER COMPREHENSIVE LOSS	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	-	USD	3 Qtrs
OTHER COMPREHENSIVE LOSS	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	-	USD	1 Quarter
OTHER COMPREHENSIVE LOSS	`OtherThanTemporaryImpairmentLossesInvestmentsPortionInOtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterestAvailableforsaleSecurities`	-	USD	3 Qtrs
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-133.62K	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-219.98K	USD	3 Qtrs
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-158.10K	USD	1 Quarter
TOTAL COMPREHENSIVE LOSS	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-263.53K	USD	3 Qtrs
Net loss per share, basic and diluted:	`EarningsPerShareBasic`	$-0.00	USD	3 Qtrs
Net loss per share, basic and diluted:	`EarningsPerShareBasic`	$-0.00	USD	1 Quarter
Net loss per share, basic and diluted:	`EarningsPerShareBasic`	$-0.00	USD	3 Qtrs
Net loss per share, basic and diluted:	`EarningsPerShareBasic`	$-0.00	USD	1 Quarter
Weighted average number of common shares outstanding Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	331.92M	shares	3 Qtrs
Weighted average number of common shares outstanding Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	331.92M	shares	1 Quarter
Weighted average number of common shares outstanding Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	332.70M	shares	3 Qtrs
Weighted average number of common shares outstanding Basic and diluted	`WeightedAverageNumberOfSharesOutstandingBasic`	332.70M	shares	1 Quarter

Cash Flow Statement 40 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-158.10K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-263.53K	USD	3 Qtrs
Net loss	`NetIncomeLoss`	$-133.62K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-219.98K	USD	3 Qtrs
Equity method investment loss	`GainLossOnInvestments`	$-131.00	USD	1 Quarter
Equity method investment loss	`GainLossOnInvestments`	-	USD	3 Qtrs
Equity method investment loss	`GainLossOnInvestments`	-	USD	1 Quarter
Equity method investment loss	`GainLossOnInvestments`	$-335.00	USD	3 Qtrs
Depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1`	$48.97K	USD	3 Qtrs
Depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationSaleOfPropertyPlantAndEquipment1`	-	USD	3 Qtrs
Operating lease expenses	`OperatingLeaseExpenses`	$11.45K	USD	3 Qtrs
Operating lease expenses	`OperatingLeaseExpenses`	$15.45K	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-39.90K	USD	3 Qtrs
Trade receivables	`IncreaseDecreaseInAccountsReceivable`	$-8.06K	USD	3 Qtrs
Prepayments and deposits	`IncreaseDecreaseInPrepaymenrtAndDeposits`	$5.19K	USD	3 Qtrs
Prepayments and deposits	`IncreaseDecreaseInPrepaymenrtAndDeposits`	$4.16K	USD	3 Qtrs
Trade payable	`IncreaseDecreaseInAccountsPayable`	$-577.00	USD	3 Qtrs
Trade payable	`IncreaseDecreaseInAccountsPayable`	$-38.74K	USD	3 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$677.26K	USD	3 Qtrs
Other payables and accrued liabilities	`IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities`	$29.52K	USD	3 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-15.45K	USD	3 Qtrs
Operating lease liabilities	`IncreaseDecreaseInOperatingLeaseLiability`	$-13.46K	USD	3 Qtrs
Net cash (used in)/generated from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$515.88K	USD	3 Qtrs
Net cash (used in)/generated from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-227.32K	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	-	USD	3 Qtrs
Net (decrease)/ increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$515.88K	USD	3 Qtrs
Net (decrease)/ increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-227.32K	USD	3 Qtrs
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.91M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.92M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.68M	USD	Point-in-time
Cash and cash equivalents, beginning of year	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.41M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.91M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.92M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.68M	USD	Point-in-time
CASH AND CASH EQUIVALENTS, END OF PERIOD	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.41M	USD	Point-in-time
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Income taxes paid	`IncomeTaxesPaidNet`	-	USD	3 Qtrs
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs
Interest paid	`InterestPaidNet`	-	USD	3 Qtrs

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, value	`StockholdersEquity`	$2.13M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.68M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.86M	USD	Point-in-time
Beginning balance, value	`StockholdersEquity`	$1.46M	USD	Point-in-time
Net loss for the period	`NetIncomeLoss`	$-158.10K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-263.53K	USD	3 Qtrs
Net loss for the period	`NetIncomeLoss`	$-133.62K	USD	1 Quarter
Net loss for the period	`NetIncomeLoss`	$-219.98K	USD	3 Qtrs
Ending balance, value	`StockholdersEquity`	$2.13M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.68M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.86M	USD	Point-in-time
Ending balance, value	`StockholdersEquity`	$1.46M	USD	Point-in-time

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